Supplementary data (PDF: 108KB)

TDK Corporation
Supplementary data for the 3rd quarter of fiscal year 2005
(October 1, 2004 - December 31, 2004)
Contents
Forward-Looking Statements
P1. Consolidated results
P2. Consolidated sales breakdown
P3. Consolidated ratio by customer industry (Electronic materials and components)
P4. Sales by region (Geographic areas of the buyer)
P5. Results and projections of Captial expenditures, Depreciation and amortization, Research and development
P6. Consolidated results and projections
P7. Managing index of inventory, fixed assets, trade receivables
January 31, 2005
TDK Corporation
Corporate Communications Dept.
Cautionary Statements with Respect
of Forward-Looking Statements
This material contains forward-looking statements, including projections, plans, policies,
management strategies, targets, schedules, understandings and evaluations, about TDK
and its group companies that are not historical facts. These forward-looking statements
are based on current forecasts, estimates, assumptions, plans, beliefs and evaluations in
light of information currently available to management.
In preparing forecasts and estimates, TDK and its group companies have used, as their
bases, certain assumptions as necessary, in addition to confirmed historical facts.
However, due to their nature, there is no guarantee that these statements and
assumptions will prove to be accurate in the future . TDK therefore wishes to caution
readers that these statements, facts and certain assumptions are subject to a number of
risks and uncertainties and may prove to be inaccurate.
The electronics markets in which TDK and its group companies operate are highly
susceptible to rapid changes. Furthermore, TDK and its group companies operate not only
in Japan, but in many other countries. As such, factors that can have significant effects on
its results include, but are not limited to, shifts in technology, demand, prices, competition,
economic environments and foreign exchange rates.
1. Consolidated results
Y on Y growth
Quarterly trends
Net sales,Operating income/Net sales,
Net income/Net sales
(%)
FY2004 3Q
FY2005 3Q
(Yen billions)
15
200
150
10.0
9.6
100
Net sales, Operating income/Net sales, Net income/Net sales
FY2004 3Q
(Yen billions)
FY2004 4Q
(%)
FY2005 3Q
15
150
10
10.0
8.9
7.6
7.0
7.8
Net sales
6.4
5.4
50
0
10
9.6
8.0
100
5
50
0
FY2005 2Q
200
7.0
7.8
FY2005 1Q
6.0
5
0
0
Operating income/Net sales
Net income/Net sales
Net sales
FY2004 FY2005
3Q
3Q
Y on Y growth
Net sales
181,851 174,657
-7,194
Cost of sales
128,695 127,820
-875
Unit:Yen millions
Share of net sales (%)
Diff.
70.8
73.2
Selling,general and
administrative expenses
35,017
30,115
-4,902
Operating income
18,139
16,722
-1,417
10.0
9.6
14,132
12,209
7.8
7.0
109
106
Operating income/Net sales(%)
Net income
Net income/Net sales(%)
Exchange rate(U.S.$=Yen)
Jan. 31, 2005
Operating income/Net sales
FY2004 FY2004 FY2005 FY2005 FY2005
3Q
4Q
1Q
2Q
3Q
Q on Q growth
-4.0% Net sales
181,851 160,732 157,891 160,879 174,657
13,778
8.6%
-0.7% Cost of sales
128,695 117,492 112,549 116,227 127,820
11,593
10.0%
Unit:Yen millions
Change
Share of net sales (%)
-14.0%
Selling,general and
administrative expenses
-7.8% Operating income
-13.6% Net income
Diff.
Change
70.8
73.1
71.3
72.2
73.2
35,017
31,077
31,317
31,788
30,115
-1,673
-5.3%
18,139
12,163
14,025
12,864
16,722
3,858
30.0%
10.0
7.6
8.9
8.0
9.6
14,132
8,712
10,163
9,706
12,209
2,503
25.8%
7.8
5.4
6.4
6.0
7.0
109
107
110
110
106
Operating income/Net sales(%)
-1,923
Net income/Net sales
Net income/Net sales(%)
Exchange rate(U.S.$=Yen)
TDK Corporation Supplementary data
P1
2. Consolidated sales breakdown
Y on Y growth
Quarterly trends
Consolidated sales breakdown
Consolidated sales breakdown
(Yen billions)
(Yen billions)
200
200
Electronic
materials
150
150
Electronic
materials
Electronic
devices
100
100
Electronic
devices
50
Recording
devices
0
Recording
media &
systems
Recording
devices
50
Recording media &
systems
0
FY2004 3Q
FY2005 3Q
FY2004 3Q
Recording media & systems
Semiconductors & others
Recording devices
Electronic devices
Electronic materials
Unit:Yen millions
Electronic materials and
components
FY2004 FY2005
3Q
3Q
142,134 144,185
Y on Y growth
Diff.
FY2005 1Q
Recording media & systems
Semiconductors & others
Electronic devices
Electronic materials
Unit:Yen millions
Change
2,051
FY2004 4Q
Electronic materials and
1.4% components
FY2005 2Q
FY2005 3Q
Recording devices
FY2004 FY2004 FY2005 FY2005 FY2005
3Q
4Q
1Q
2Q
3Q
Q on Q growth
142,134 126,376 130,468 131,896 144,185
12,289
9.3%
Diff.
Change
Electronic materials
42,998
43,002
4
0.0%
Electronic materials
42,998
41,518
44,763
46,273
43,002
-3,271
-7.1%
Electronic devices
28,957
30,571
1,614
5.6%
Electronic devices
28,957
26,591
28,248
29,263
30,571
1,308
4.5%
Recording devices
65,425
65,351
-74
-0.1%
Recording devices
65,425
53,257
52,163
51,170
65,351
14,181
27.7%
Semiconductors & others
4,754
5,261
507
10.7%
Semiconductors & others
4,754
5,010
5,294
5,190
5,261
71
1.4%
Recording media & systems
39,717
30,472
-9,245
-23.3% Recording media & systems
39,717
34,356
27,423
28,983
30,472
1,489
5.1%
181,851 174,657
-7,194
181,851 160,732 157,891 160,879 174,657
13,778
8.6%
Total
Jan. 31, 2005
-4.0% Total
TDK Corporation Supplementary data
P2
3. Consolidated ratio by customer industry (Electronic materials and components)
Y on Y growth
Consolidated ratio by customer industry
(Electronic materials and components)
Quarterly trends
Consolidated ratio by customer industry (Electronic materials and components)
IT home
electronics
appliances
IT home
electronics
appliances
Networks
Car
Networks
Car
Others
FY2004 3Q
FY2005 3Q
Others
IT home electronics appliances
High-speed, large-capacity networks
FY2004 3Q
FY2004 4Q
FY2005 1Q
FY2005 2Q
FY2005 3Q
Car electronics
Others
Unit: %
IT home electronics appliances
Others
FY2004 FY2005 Y on Y growth
3Q
3Q
Change
67%
67%
0.7%
=AV+Office equip.
High-speed, large-capacity networks
9%
9%
7.6%
8%
FY2004 FY2004 FY2005 FY2005 FY2005 Q on Q growth
3Q
4Q
1Q
2Q
3Q
Change
IT home electronics appliances
67%
63%
63%
62%
67%
18.7%
High-speed, large-capacity networks
9%
9%
10%
11%
9%
-4.9%
9%
8.5%
Car electronics
8%
9%
9%
9%
9%
3.6%
16%
19%
18%
18%
15%
-10.7%
=Automobile
16%
=Home appliance + Industrial machinery + Parts + Others
Jan. 31, 2005
IT home electronics appliances
=Communication equip.
=Automobile
Others
Unit: %
High-speed, large-capacity networks
=AV+Office equip.
=Communication equip.
Car electronics
Car electronics
15%
-2.1%
Others
=Home appliance + Industrial machinery + Parts + Others
TDK Corporation Supplementary data
P3
4. Sales by region (Geographic areas of the buyer)
Y on Y growth
Quarterly trends
Sales by region and share of overseas sales
(Yen billions) FY2004 3Q
200
FY2005 3Q
74.6%
71.8%
150
Japan
100
Americas
Europe
FY2004 3Q
(Yen billions)
80%
200
Sales by region and share of overseas sales
FY2004 4Q
74.6%
FY2005 1Q
FY2005 2Q
FY2005 3Q
72.9%
72.1%
71.8%
74.6%
80%
60%
150
60%
Japan
40%
Americas
100
50
20%
Asia
0
40%
Europe
50
0%
20%
Asia
Japan
Americas
0
Europe
Asia (excluding Japan) and others
Share of overseas sales
Unit:Yen millions
FY2004 FY2005
3Q
3Q
0%
Asia (excluding Japan) and others
Americas
Share of overseas sales
Y on Y growth
Diff.
Unit:Yen millions
Change
Europe
Japan
FY2004 FY2004 FY2005 FY2005 FY2005
3Q
4Q
1Q
2Q
3Q
Q on Q growth
Diff.
Change
Japan
46,224
49,287
3,063
6.6% Japan
46,224
40,896
42,778
44,854
49,287
4,433
9.9%
Americas
24,622
19,840
-4,782
-19.4% Americas
24,622
21,707
20,577
19,711
19,840
129
0.7%
Europe
22,247
18,697
-3,550
-16.0% Europe
22,247
22,716
17,328
18,876
18,697
-179
-0.9%
Asia (excluding Japan) and others
88,758
86,833
-1,925
-2.2% Asia (excluding Japan) and others
88,758
75,413
77,208
77,438
86,833
9,395
12.1%
181,851 174,657
-7,194
-4.0% Total
181,851 160,732 157,891 160,879 174,657
13,778
8.6%
Total
Share of overseas sales
Jan. 31, 2005
74.6%
71.8%
Share of overseas sales
74.6%
TDK Corporation Supplementary data
74.6%
72.9%
72.1%
71.8%
P4
5. Results and projections of Captial expenditures, Depreciation and amortization, Research and development
January 31, 2005
Unit:Yen millions
FY 2005
FY 2005
Projections on Oct. 28 Projections on Jan. 31
Capital
expenditures
44,866
55,000
55,000
Depreciation and
amortization
51,233
54,000
54,000
Research and
development
34,495
39,000
39,000
(Share of net sales)
<Net sales>
Jan. 31, 2005
FY 2004
[Results]
5.2%
658,862
5.7%
680,000
TDK Corporation Supplementary data
5.9%
660,000
P5
6. Consolidated results and projections
January 31, 2005
FY 2004
[Results]
Unit:Yen millions,%
(Yen mill.)
Net sales
Electronic materials and
components
Electronic materials
Electronic devices
Recording devices
Semiconductors and others
Recording media and systems
FY 2005
FY 2005
Projections on Oct. 28 Projections on Jan. 31 Y on Y growth
(%)
(Yen mill.)
(%)
(Yen mill.)
(%)
658,862
100.0%
680,000
100.0%
660,000
100.0%
0.2%
522,862
79.4%
548,500
80.7%
544,100
82.4%
4.1%
166,818
107,999
230,105
17,940
25.3%
27.1%
3.4%
175,700
117,500
229,900
21,000
26.6%
2.7%
184,400
119,100
222,300
22,700
3.2%
5.3%
8.8%
-0.1%
17.1%
136,000
20.6%
131,500
19.3%
115,900
17.6%
-14.8%
16.4%
35.0%
17.5%
32.7%
17.8%
34.8%
Operating income
54,322
8.2%
60,000
8.8%
60,000
9.1%
Income before income
taxes
55,603
8.4%
62,000
9.1%
62,000
9.4%
Net income
42,101
6.4%
46,500
6.8%
44,500
6.7%
Exchange rate (U.S.$=Yen)
(%)
113
108
108
*
* An average exchange rate of Yen105=US$1 for fiscal 2005 from the forth quarter.
Jan. 31, 2005
TDK Corporation Supplementary data
P6
7. Managing index of inventory, fixed asset, trade receivables
Unit:Yen millions
Inventory turnover,Fixed asset turnover,Trade receivables turnover
20
03
03
/6
03
/9
03
/1
2
04
/3
FY
20
04
04
/6
04
/9
04
/1
2
05
/3
3.0
3.0
2.5
2.5
2.0
2.0
1.5
1.5
1.0
1.0
0.5
0.5
0.0
0.0
Inventory turnover
Fixed asset turnover
03/9
03/12
04/3
Total assets
747,337
760,487
750,715
761,128
770,319
Inventory
73,917
76,942
77,663
76,070
77,301
1.5
1.5
1.4
1.3
1.4
225,907
222,772
216,670
210,333
208,945
2.5
2.7
3.0
3.4
3.1
140,023
138,814
141,343
159,175
138,331
2.8
2.7
2.6
2.6
2.6
608,880
153,216
163,063
181,851
160,732
Inventory turnover (months)
Fixed asset
Fixed asset turnover (times)
Times
3.5
03/6
FY 2004
FY
months
3.5
FY 2003
Trade receivables
Trade receivables turnover (months)
Net sales
Unit:Yen millions
FY 2004
04/6
04/9
04/12
05/3
FY 2005
Trade receivables turnover
Total assets
770,319
792,179
807,913
806,163
Inventory
77,301
82,143
87,429
78,941
1.4
1.6
1.6
1.4
208,945
213,515
216,753
211,846
3.0
3.0
3.0
3.3
138,331
141,068
143,671
149,591
2.5
2.7
2.7
2.6
658,862
157,891
160,879
174,657
Inventory turnover (months)
Fixed asset
Fixed asset turnover (times)
# Inventory turnover
Quarter:Inventory in the end of each quarter / Average monthly sales in the quarter
Trade receivables
Full Year:Inventory in the end of FY / Average monthly sales in the FY
Trade receivables turnover (months)
Net sales
# Fixed asset turnover
Quarter:(Sales in the each quarter) * 4 / Average fixed asset in the each quarter
Full Year:Net sales / Average fixed asset
# Trade receivables turnover
Quarter:Trade receivable in the end of each quarter / Average monthly sales in the quarter
Full Year:Trade receivable in the end of FY / Average monthly sales in the FY
Jan. 31, 2005
TDK Corporation Supplementary data
P7