Performance Briefing Fiscal Year March, 2014 TDK Corporation April 28, 2014 Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 -1- ◆Consolidated Results for FY March 2014 Takakazu Momozuka, Corporate Officer ◆Consolidated Full Year Projections for FY March 2015 Takehiro Kamigama, President and CEO Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 -2- Consolidated Full Year Results for FY March 2014 Takakazu Momozuka Corporate Officer Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 -3- Consolidated Full Year Results for FY March 2014 (Yen billions） FY March 2013 Full Year Results FY March 2014 Full Year Results (2012.4.1-2013.3.31) (2013.4.1-2014.3.31) Net Sales Operating Income Change Yen billions % 841.8 984.5 142.7 17.0 22.1 36.6 14.5 65.6 3.7% 2.6% Operating Income Margin +1.1pt - Income from Continuing Operations before Income Taxes 19.8 39.8 20.0 101.0 Income from continuing Operations 5.1 21.8 16.7 327.5 Loss from discontinued operations -0.6 -3.6 (3.0) - Net income attributable to noncontrolling interests 3.3 1.9 (1.4) -42.4 Net Income 1.2 16.3 15.1 9.50 129.47 83.03 107.05 100.26 134.42 Earning Per Share (JPY) US$ (JPY) EURO (JPY) Ex-rate impact to Net sales & Operating Income 1258.3 - - Depreciated by 20.8% Depreciated by 25.6% Net sales：Increased by about 147.5 billion Yen Operating income：Increased by about 24.3 billion Yen Note: Data tape business and Blu-ray business are presented as discontinued operations in above results Copyright© 2014 TDK Corporation. 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Performance Briefing Fiscal Year March, 2014 April 28, 2014 -4- FY March 2014 Results - Passive Components Segment Net Sales 472 (Yen billions) 382 Net Sales 471.7 billion yen (up 24% year on year) Operating Income 15.4 billion yen (compared with 11.1 billion yen operating loss in FY March 2013) 380 ◆Ceramic Capacitors Consistently profitable since 1Q after implementing restructuring in FY March 2013 Strong sales in the automobile market 12/3 13/3 14/3 Operating Income 15.4 (Yen billions) ◆Aluminum and Film Capacitors Higher sales and earnings year on year due to a recovery in orders in the industrial equipment market and strong sales in the automobile market ◆Inductive Devices Strong sales in the automobile market Substantial increase in earnings year on year due to an improved product mix ◆High-frequency Components Higher sales for smartphones and tablet devices Reduced loss year on year due to productivity improvements, etc. -6.6 12/3 -11.1 13/3 14/3 ◆Piezoelectric Material Products Higher sales and earnings year on year due to increased sales of products for automotive applications and voice coil motors (VCMs) for use in camera modules Copyright© 2014 TDK Corporation. 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Performance Briefing Fiscal Year March, 2014 April 28, 2014 -5- FY March 2014 Results - Magnetic Application Segment Net Sales (Yen billions) 316 364 338 Net Sales 364.3 billion yen (up 8% year on year) Operating income 28.1 billion yen (down 24% year on year) ◆Recording Devices (HDD Heads) Earnings decreased slightly due to the benefits of improved productivity and a better product mix, despite a large year-on-year drop in shipments from FY March 2013, when there was temporary demand from the flooding in Thailand. 12/3 13/3 14/3 Operating Income (Yen billions) 39.0 37.1 28.1 ◆Magnets Lower sales and earnings year on year mainly reflected lower sales prices due to fluctuations in rare earth prices and one-off expenses due to the consolidation of overseas sites (An insurance payout of 4.2 billion yen related to the flooding in Thailand was recorded in FY March 2013) ◆Power Supplies Profitability improved year on year due to improving sales to the industrial equipment market 12/3 13/3 14/3 Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 -6- FY March 2014 Results - Film Application Segment Net Sales 129.3 (Yen billions) Net sales 129.3 billion yen (up 26% year on year) Operating income 13.4 billion yen (up 5% year on year) 102.9 80.7 ◆Energy Devices (Rechargeable Batteries) Substantial increases in sales and earnings year on year atop of strong growth in sales for use in smartphones and tablet devices 12/3 13/3 14/3 Operating Income (Yen billions) 12.8 13.4 ◆Applied Films Complete exit from data tape business and Blu-ray business as planned (discontinued operations) 8.2 12/3 13/3 14/3 Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 -7- FY March 2014 results by Segment FY March 2013 Full Year Results Yen billion ％ FY March 2014 Full Year Results Yen billion ％ Change Yen billion % Capacitors 118.0 14.0 139.6 14.2 21.6 18.3 Inductive devices 119.6 14.2 140.3 14.3 20.7 17.3 Other Passive Components 142.1 16.9 191.7 19.5 49.6 34.9 379.6 45.1 471.7 47.9 92.1 24.3 Recording devices 233.5 27.7 256.7 26.1 23.2 9.9 Other Magnetic Application Products 104.4 12.4 107.6 10.9 3.2 3.1 Magnetic Application Products 337.9 40.1 364.3 37.0 26.4 7.8 Applied Film Products 102.9 12.2 129.3 13.1 26.4 25.7 Other 21.4 2.5 19.3 2.0 (2.1) -9.8 Total 841.8 100.0 984.5 100.0 142.7 17.0 (11.1) -2.9 15.4 3.3 26.5 - Magnetic Application Products 37.1 11.0 28.1 7.7 (9.0) Applied Film Products 12.8 12.4 13.4 10.4 0.6 (1.8) -8.4 (3.2) -16.6 (1.4) 37.1 4.4 53.7 Passive Components Net Sales Passive Components Operating Income Other Sub total Corporate and eliminations Total Copyright© 2014 TDK Corporation. All rights reserved. (15.0) 22.1 5.5 (17.1) 2.6 36.6 Performance Briefing Fiscal Year March, 2014 3.7 -24.3 4.7 - 16.6 44.7 (2.1) 0.0 14.5 65.6 April 28, 2014 -8- Breakdown of Operating Income Changes FY March 2013 22.1 billion yen Operating Income +14.5 billion yen FY March 2014 36.6 billion yen (Yen billions) Benefits from Restructuring +5.9 Rationalization, cost reduction +17.1 Changes in sales +13.1 Proceed from insurance of Thai flooding -6.7 SG&A expenses increase (including gain from sales of assets 2.0) -2.2 Sales price Reduction -37.0 36.6 Exchange fluctuation (US$=Yen 100.26) 22.1 Copyright© 2014 TDK Corporation. All rights reserved. +24.3 Performance Briefing Fiscal Year March, 2014 April 28, 2014 -9- Quarterly Results by Segment (Yen billions) 4Q of FY March 2013 3Q of FY March 2014 4Q of FY March 2014 Jan.1- Mar.31, 2013 Oct.1- Dec.31, 2013 Jan.1- Mar.31, 2014 (A) (B) (C) Capacitors Inductive Devices Other Passive Components Net Sales Passive Components Recording Devices Other Magnetic Application Products Magnetic Application Products Film Application Products Other Total Passive Components Operating Income Magnetic Application Products Film Application Products Other Sub total Corporate and Eliminations Total Operating Income margin Ex- US$/Yen rate EURO/Yen Copyright© 2014 TDK Corporation. All rights reserved. QoQ Change (C)-(B) YoY Change (C)-(A) Yen billions % Yen billions % 30.7 31.2 42.5 34.7 34.9 47.5 36.1 34.9 47.1 5.4 17.6 1.4 4.0 3.7 11.9 0.0 0.0 4.6 10.8 (0.4) -0.8 104.4 117.1 118.1 13.7 13.1 1.0 0.9 57.6 24.5 69.0 26.8 61.2 28.3 82.1 26.5 5.4 218.4 95.7 41.0 4.3 258.2 89.5 29.1 5.8 242.5 3.6 3.8 7.4 2.6 0.4 24.1 6.3 (7.8) 15.5 1.5 9.0 (6.2) 9.8 (11.9) 7.4 1.5 11.0 (15.7) (3.9) 1.8 2.0 (0.3) (0.4) (3.1) 6.1 10.3 6.8 (0.8) 22.4 (4.4) (3.5) 17.9 -1.6% 6.9% 92.20 121.74 100.38 136.56 0.3 5.4 1.1 (0.8) 6.1 (4.5) 4.2 - -11.3 5.6 -6.5 -29.0 34.9 -6.1 (5.8) -95.1 3.6 200.0 (4.9) (0.9) -45.0 (5.7) (0.5) 0.0 6.5 - (16.3) (1.4) - (0.1) 5.2 - (16.2) 1.7 - -6.2pt 0.7% +2.3pt -47.6 -83.8 -72.8 -90.5 - 102.97 141.12 Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 10 - Financial Position (Yen billions) March End, 2012 Total Assets Total Liabilities Stockholder’s equity (comprehensive income) Stockholder’s equity ratio Cash and cash equivalents, Short-term investments Interest-bearing Debt D/E ratio Net Cash March End, 2013 1,072.8 560.8 498.2 (230.8) 46.4% 1,169.6 589.0 561.2 (159.0) 48.0% 1,239.6 587.3 635.3 (87.1) 51.3% 70.0 (1.7) 74.1 71.9 3.3% 173.4 223.5 259.5 36.0 272.8 0.55 -99.4 295.6 0.53 -72.1 267.0 0.42 -7.5 (28.6) -0.11 64.6 Cash and cash equivalents, Short-term investments Interest-bearing Debt 295.6 272.8 300 223.5 200 Change 2013-2014 March End, 2014 Net cash 259.5 267.0 173.4 100 0 -50 -100 - 99.4 March End, 2012 Copyright© 2014 TDK Corporation. All rights reserved. -72.1 March End, 2013 Performance Briefing Fiscal Year March, 2014 -7.5 March End, 2014 April 28, 2014 - 11 - Free Cash Flow (Yen billions) Operating cash flow Investment cash flow 150 Free cash flow 127.3 108.9 100 71.9 55.3 50 25.4 18.7 0 -50 -29.9 -55.4 -100 -90.2 （Yen billions） FY March 2013 FY March 2014 Change Capital Expenditures 85.6 68.6 (17.0) Depreciation and amortization 77.4 82.9 5.5 Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 12 - Recording Device Business ●HDD market FY March 2014 : About 552 million units (TDK’s estimation） FY March 2015 : About 535 million units (TDK’s forecast) ●Shipment index Recording Device Sales (Left, including HDD Head (HGA) and HDD Suspention) HDD Head Shipment Index (Right) (Yen billions) 60 40 59.9 100 55.8 90 60.2 57.6 60.2 98 71 20 74 66.3 69.0 61.2 (shipment index) Projections 81 86 72 71 0 $/¥ 120 90 60 30 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 80.27 78.67 81.17 92.20 98.74 99.02 100.38 102.97 100.0 FY March 2013 Copyright© 2014 TDK Corporation. All rights reserved. FY March 2014 Performance Briefing Fiscal Year March, 2014 FY March 2015 April 28, 2014 - 13 - Restructuring Progress ■Restructuring implemented during FY March 2014 ◇Exit non-core businesses ・Withdraw from LTO business and Bluray business ・Review of other business and products Promote business portfolio review Optimize production bases ◇Further integrate bases worldwide (Centered on overseas bases) ■Restructuring costs and Expected benefits Restructuring Cost in FY March 2014 (Yen billions) Continuing operations 7.1 Discontinued operations 3.4 Total 10.5 Benefits in FY March 2014 : 2.3 billlion yen Expected benefit in FY March 2015 : 4.0 billion yen Copyright© 2014 TDK Corporation. All rights reserved. Completed large scale restructuring To concentrate management resources on growing market and core business Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 14 - Consolidated Full Year of Projections for FY March 2015 Takehiro Kamigama President and CEO Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 15 - FY March 2015 Full Year / Dividend Projections FY March 2014 Full Year Results (Yen billions） Net Sales Operating Income Operating Income Margin Income from continuing operations before income Net Income Earning Per Share (JPY) Dividends (JPY) Ex-rate FY March 2015 Full Year Projections Y o Y Change % Yen billions 984.5 1,050.0 65.5 6.7% 36.6 57.0 20.4 55.7% 3.7% 5.4% +1.7pt - 39.8 56.0 16.2 40.7% 16.3 34.0 17.7 108.6% 129.47 270.24 - - - - 1st half :30 (results) 2nd half :40 (projections) Annual: 70 (projections) 1st half :40 2nd half :40 Annual: 80 US$ Yen 100.26 Yen 100.00 - EURO Yen 134.42 Yen 135.00 - Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 16 - Projections for FY March 2015 -Image of change in sales Segment FY March 2014 Passive Components 471.7 Magnetic Application Products 364.3 FY March 2015 Projections (YoY Change) Main factor and premise of projections in sales of various products for the ICT +10～+15% Increase market and the automobile market -5～0% Film Application Products 129.3 +20～+25% Other 19.3 - Total 984.5 1,050.0 (+6.7%) Due to maturation of HDD market Sales growth driven by higher demand for rechargeable batteries for the ICT market and expansion in the customer portfolio Forex assumptions $/Yen EURO/Yen 100.26 134.42 Copyright© 2014 TDK Corporation. All rights reserved. 100.00 135.00 Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 17 - Priority Three Markets and Priority Five Businesses Automobile Priority Five Businesses ・Inductive Devices ・High Frequency Components ・Piezoelectric Material Products ・HDD Heads ・Rechargeable Batteries Industrial equipment / Energy ICT Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 18 - Automobile market Expand the sales ratio of automotive applications to 20% on a Company-wide basis ・To strengthen components used in power train system of environmentally friendly vehicles (electric vehicles (EVs), hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs)) ・To introduce new sensors for automobile market by utilizing TDK’s HDD Heads Technology TDK’s extensive lineup to the automobile market in addition to high market share products of inductive devices and capacitors Power Supply Medium- and long-term growth potential Battery Wireless Charging Batteries for EVs DC-DC converters Battery chargers ・Achieved a high conversion efficiency and compact size using a proprietary high thermal dissipation board and high performance ferrite materials ・ Small-lot shipments have already begun (China) ・Growth in profits projected over the medium and long terms ・Announced Business alliance with U.S.-based WiTricity Corporation (April 28, 2014) Sensor Temperature sensors, etc. Current sensors TMR sensors Magnet Ferrite magnets (wiper, power window applications, etc.) ・A wide range of products, such as temperature sensors, current sensors, gear tooth sensors, and humidity sensors ・Sensors using TMR technology of HDD Heads Copyright© 2014 TDK Corporation. 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Metal magnets (ECU motor applications, etc.) ・Both ferrite and metal magnets are available ・Currently expanding sales of less rare-earth magnets Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 19 - ICT market Double-digit Market Growth in the Smartphone and Tablet markets Greater use of Electronic Components Advanced camera module functions →Higher demand for Voice Coil Motor (VCM) and Optical Image Stabilizers (OIS) Smartphones (million units) Expanding TDK’s Business Opportunities in the ICT Market through Technological Innovation 1,500 1,000 Thinner, more energy efficient and larger →Higher demand for Lithium Polymer Batteries 500 0 FY2012 FY2013 FY2014 FY2015 （TDK’s estimation） Multi-band compatibility, LTE expansion → Higher demand for SAW filters and SAW duplexers ↓ Tablet Devices (million units) Higher frequency bandwidth, Closer frequency bands →Higher demand for BAW Filters, TC-SAW 250 200 150 100 50 0 FY2012 FY2013 FY2014 FY2015 （TDK’s estimation） More multi-functional, more energy efficient and thinner →Higher demand for high-end inductors, thinfilm components SAW : Surface Acoustic Wave, BAW : Bulk Acoustic Wave, TC-SAW：Temperature compensated SAW Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 20 - ICT market - High Frequency components business Target markets & strategies Discrete Solution SAW Duplexer + TC-SAW BAW Higher demand for BAW filters, TC-SAW Increase demand for reaping Reference Design benefits IC Reference Design Strengthen “through” business process: Design promotion→Gain qualification→Win orders Module & Discrete Solution Module Solution FEMiD Diversity module SAW TC-SAW + Duplexer BAW Discrete items for PAD Diversity module Win new orders for modules Increase share Win new orders for modules Increase demand for discrete filters for PA (Power Amplifier) manufactures ◆Measures to Improve Profitability ・Further productivity improvements ・Develop new products and bring to market → small-package products SAW : Surface Acoustic Wave, BAW : Bulk Acoustic Wave, TC-SAW：Temperature compensated SAW, FEMiD : Front-End Module Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 21 - Industrial Equipment Market / Energy market HEMS Power management-related products using magnetic technology, TDK’s core competence 6MW Windmill 813g magnets 50pcs 128 rotors Pole . Magnet usage： 5 2 ton/unit Rotor Generator 22 Focus products in this fields Battery for ESS Power components for invertor Copyright© 2014 TDK Corporation. All rights reserved. Bidirectional DC/DC converter Performance Briefing Fiscal Year March, 2014 Metal magnets for wind power generator April 28, 2014 - 22 - Sales Growth Projections by Priority Markets Industrial & Others (Yen billions) 250 200 (Yen billions) +7% 1,200 +6% 150 100 50 1,000 0 FY13/3 800 CAGR (Yen billions) 600 9% 800 FY14/3 FY15/3 ICT 600 400 +8% 400 200 CAGR 3% 200 0 0 FY13/3 Automotive FY14/3 ICT* Industrial & Others FY13/3 FY15/3 (Yen billions) Consumer 200 FY14/3 FY15/3 Automotive 150 +10% 100 50 FY13/3 : FY March 2013 *Includes HDD Heads and HDD Suspensions Copyright© 2014 TDK Corporation. All rights reserved. 0 Performance Briefing Fiscal Year March, 2014 FY13/3 FY14/3 April 28, 2014 FY15/3 - 23 - Initiatives for Five Priority Businesses Five Priority Businesses Main initiatives Inductive Devices Increase sales for strategic products to the automobile market (Multilayer, Wire-wound) Increase share of metal coil(Thin-film, Wire-would, Multilayer) High Frequency Components Increase sales of discrete products by performance improvement and miniaturization Increase sales of BAW and TC-SAW filters by LTE market expansion Increase sales by more numbers of approved items in reference design of IC makers Piezoelectric Material Products Increase sales of high-end VCM and OIS HDD Heads Higher share of HDD Heads for Nearline applications Accelerate development of TAMR Heads Increase sales of Shingle Write Heads and TDMR Heads Rechargeable Batteries Higher share by expanding customer bases Accelerate product R&D for new business fields Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 24 - Initiatives for improving profitability Magnet － Benefit from productivity improvements through consolidation of ferrite magnet bases and integrated production lines － Expand sales of ferrite magnets for automotive applications and home appliances －Focus on expanding sales of metal magnets in fields that demand high quality and advanced performance features, such as automotive applications, industrial equipment and energy Power Supply －Expand sales to the industrial equipment market on the back of a rebound in capital investment －Benefit from improved profits driven by a better product mix based on new product launches －Expand share of compact, high efficiency automotive DC-DC converters Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 25 - Initiatives for improving profitability Shift to balanced profit structure by focusing on priority five businesses FY13/3 Passive Components FY14/3 Magnetic Application Products FY15/3 Film Application Products FY13/3 : FY March 2013 Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 26 - Research & Development Topics Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 27 - R&D topics - MR Sensor Various magnetic sensors using magnetic technology, TDK’s core competence, and sophisticated TMR Technology accumulated in HDD Heads business GMR Encoder TMR Gear Tooth Sensor TMR Angle Sensor (Analog / Digital) Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 28 - R&D topics - SESUB (Semiconductor Embedded Substrate) In addition to the ICT field, SESUB will be integrated with other TDK technologies and utilized for applications in the healthcare and energy fields Connectivity Module for wireless application Power Management Unit for power application POL Converter Module Connectivity Module for power application for PAN application Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 29 - R&D topics - SESUB (Semiconductor Embedded Substrate) 12 modules fit in an area the size of a 10 yen coin 23.5mm Bluetooth module (mass production started in February 2014) 8.5mm Discrete IC 6.0x6.0x0.8mm QFN40 5.6mm Thickness：1.5mm 8.5mm Laminate PCB Module 8.5 x 8.5 x 1.1 mm (=72.3sq mm) Copyright© 2014 TDK Corporation. All rights reserved. The SESUB module’s greatest advantage is that it is smaller than traditional IC package sizes and can also incorporate peripheral components. Area: - 65% Performance Briefing Fiscal Year March, 2014 4.6mm SESUB Module 5.6 x 4.6 x 1.1 mm (=25.8sq mm) April 28, 2014 - 30 - Supplementary Data Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 31 - Quarterly sales and operating income by segment FY March 2013 Yen billions FY March 2014 Net Sales 5.2 (3.5) 80.27 78.67 81.17 92.20 103.18 98.28 105.28 121.74 3Q 4Q 31.4 29.2 26.6 30.7 Inductive Devices 28.2 29.6 30.6 31.2 Other Passive Components 31.8 31.7 36.0 42.5 91.5 90.6 93.1 104.4 Recording Devices 59.9 55.8 60.2 57.6 Other Magnetic Application Products 28.3 27.6 24.0 24.5 Magnetic Application Products 88.2 83.4 84.2 82.1 Film Application Products 21.0 25.1 30.3 26.5 5.8 5.2 5.0 5.4 206.4 204.3 212.7 218.4 Passive Components Total Passive Components (2.9) (2.5) (1.8) (3.9) Magnetic Application Products 14.6 13.2 7.5 1.8 Film Application Products 2.3 4.9 3.7 2.0 (0.4) (0.5) (0.6) (0.3) 13.6 15.1 8.8 (0.4) (4.2) (4.1) (3.7) (3.1) Other Sub-total Corporate and Eliminations Total Ex-rate 11.0 2Q Capacitors Other Operating Income 9.4 Total 118.0 119.6 142.1 379.6 233.5 104.4 337.9 102.9 21.4 841.8 (11.1) 37.1 12.8 (1.8) 37.1 (15.0) 22.1 1Q ￥/USD ￥/EURO Copyright© 2014 TDK Corporation. All rights reserved. 1Q 2Q 3Q 33.7 35.1 34.7 35.0 35.5 34.9 48.3 48.8 47.5 117.0 119.4 117.1 60.2 66.3 69.0 26.0 26.6 26.8 86.2 92.9 95.7 26.5 32.7 41.0 4.7 4.4 4.3 234.4 249.4 258.2 2.8 6.2 6.1 4.6 7.8 10.3 2.1 3.3 6.8 (0.8) (0.8) (0.8) 8.7 16.5 22.4 (4.3) (4.0) (4.4) Total 36.1 139.6 34.9 140.3 47.1 191.7 118.1 471.7 61.2 256.7 28.3 107.7 89.5 364.3 29.1 129.3 5.8 19.3 242.5 984.5 0.3 15.4 5.4 28.1 1.1 13.4 (0.8) (3.2) 6.1 53.7 (4.5) (17.1) 1.7 36.6 4Q 4.5 12.5 17.9 83.03 98.74 99.02 100.38 102.97 100.23 107.05 128.96 131.11 136.56 141.12 134.42 Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 32 - FY March 2015 Projections -Capex, Depreciation, R&DCapital expenditure (Yen billions) Depreciation R&D 120 99.7 100 80 85.6 78.6 80.0 68.6 77.3 79.9 77.4 82.9 83.0 60 52.6 52.6 53.5 11/3 12/3 13/3 63.4 68.0 40 20 0 11/3 12/3 13/3 14/3 15/3 Projections 11/3 12/3 13/3 14/3 15/3 14/3 Projections 15/3 Projections 11/3 : FY March 2011 Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 33 - Annual Sales by applications (FY March 2010 – FY March 2014) FY10/3 : FY March 2010 Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 34 - Passive Components Business Annual sales by applications (FY March 2010 – FY March 2014) FY10/3 : FY March 2010 Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 35 - Quarterly sales by applications (1Q of FY March 2013 –4Q of FY March 2014) Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 36 - Passive Components Business quarterly sales by applications (1Q of FY March 2013 –4Q of FY March 2014) Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 37 - 2005/3 : FY March 2005 Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 38 - 2005/3 : FY March 2005 Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 39 - Cautionary Statements with Respect to Forward-Looking Statements This material contains forward-looking statements, including projections, plans, policies, management strategies, targets, schedules, understandings, and evaluations about TDK, or its group companies (TDK Group). These forward-looking statements are based on the current forecasts, estimates, assumptions, plans, beliefs, and evaluations of the TDK Group in light of the information currently available to it, and contain known and unknown risks, uncertainties, and other factors. The TDK Group therefore wishes to caution readers that, being subject to risks, uncertainties, and other factors, the TDK Group’s actual results, performance, achievements, or financial position could be materially different from any future results, performance, achievements, or financial position expressed or implied by these forward-looking statements, and the TDK Group undertakes no obligation to publicly update or revise any forwardlooking statements after the issue of this material except as provided for in laws and ordinances. The electronics markets in which the TDK Group operates are highly susceptible to rapid changes, risks, uncertainties, and other factors that can have significant effects on the TDK Group including, but not limited to, shifts in technology, fluctuations in demand, prices, interest and foreign exchange rates, and changes in economic environments, conditions of competition, laws and regulations. Also, since the purpose of these materials is only to give readers a general outline of business performance, many numerical values are shown in units of a billion yen. Because original values, which are managed in units of a million yen, are rounded off, the totals, differences, etc. shown in these materials may appear inaccurate. If detailed figures are necessary, please refer to our financial statements and supplementary materials. Copyright© 2014 TDK Corporation. All rights reserved. Performance Briefing Fiscal Year March, 2014 April 28, 2014 - 40 - Text data including Q&A of performance briefing will be uploaded on following site http://www.global.tdk.com/ir/ir_events/conference/2014/4q_1.htm