TDK Corporation Consolidated Results

Transcription

1 TDK Corporation Consolidated Results 3 rd Quarter FY March 2007 (October 1, 2006 December 31, 2006) January 30, Q, FY March

2 Cautionary Statements with Respect to Forward-Looking Statements This This material material contains contains forward-looking statements, statements, including including projections, projections, plans, plans, policies, policies, management strategies, strategies, targets, targets, schedules, schedules, understandings and and evaluations, evaluations, about about TDK TDK and and its its group group companies companies (TDK (TDK Group). Group). These These forward-looking statements statements are are based based on on the the current current forecasts, forecasts, estimates, estimates, assumptions, plans, plans, beliefs beliefs and and evaluations evaluations of of TDK TDK Group Group in in light light of of information information currently currently available available to to it, it, and and contain contain known known and and unknown unknown risks, risks, uncertainties uncertainties and and other other factors. factors. TDK TDK Group Group therefore therefore wishes wishes to to caution caution readers readers that, that, being being subject subject to to risks, risks, uncertainties uncertainties and and other other factors, factors, TDK TDK Group s Group s actual actual results, results, performance, achievements or or financial financial position position could could be be materially materially different different from from any any future future results, results, performance, achievements or or financial financial position position expressed expressed or or implied implied by by these these forward-looking statements, statements, and and TDK TDK Group Group undertakes undertakes no no obligation obligation to to publicly publicly update update or or revise revise any any forward-looking statements statements after after the the issue issue of of this this material material except except as as provided provided for for in in laws laws and and ordinances. ordinances. The The electronics electronics markets markets in in which which TDK TDK Group Group operates operates are are highly highly susceptible susceptible to to rapid rapid changes. changes. Risks, Risks, uncertainties uncertainties and and other other factors factors that that can can have have significant significanteffects on on TDK TDK Group Group include, include, but but are are not not limited limited to, to, shifts shifts in in technology, technology, fluctuations fluctuations in in demand, demand, prices, prices, interest interest and and foreign foreign exchange exchange rates, rates, and and changes changes in in economic economic environments, conditions conditions of of competition, competition, laws laws and and regulations. regulations. 3Q, FY March

3 Consolidated Results (3rd Quarter FY March 2007) FY Mar 06 FY Mar 07 (JPY billion) 3rd Q 3rd Q Change (%) Change Net sales Operating income Income before income taxes Net income Q, FY March

4 Consolidated Results (3rd Quarter FY March 2007) Comparison with the previous quarter FY Mar 07 FY Mar 07 (JPY billion) 2nd Q 3rd Q Change (%) Change Net sales Operating income Income before income taxes Net income Q, FY March

5 Consolidated Results (3rd Quarter FY March 2007) 9 months cumulative April-December 9 months cumulative FY Mar 06 FY Mar 07 (JPY billion) 3rd Q 3rd Q Change (%) Change Net sales Operating income Income before income taxes Net income Q, FY March

6 Consolidated Results (3rd Quarter FY March 2007) 1. Recording Devices -HDD head- Volume increase due to the market expansion, absorbing the impact of HDD industry reorganization 2. Recording Media Sales decrease/op increase due to the restructuring activities 3. Passive components Sales increase due to strong demands 4. Other income (non-operating) Improvement: increase in interest income and others 3Q, FY March

7 Sales Breakdown by Product Segment 3Q FY March 2007 FY Mar 06 FY Mar 07 (JPY billion) 3rd Q 3rd Q Change (%) Change Electronic materials and components segment Electronic materials Electronic devices Recording devices (9.0) (10.4) Other eletronic components Recording media segment (1.9) (6.1) Total sales Q, FY March

8 Sales Breakdown by Product Segment Comparison with the previous quarter FY Mar 07 FY Mar 07 (JPY billion) 2nd Q 3rd Q Change (%) Change Electronic materials and components segment (2.0) (1.0) Electronic materials (0.8) (1.5) Electronic devices Recording devices (3.5) (4.3) Other eletronic components Recording media segment Total sales Q, FY March

9 Sales Breakdown by Product Segment 9 months cumulative April-December 9 months cumulative FY Mar 06 FY Mar 07 (JPY billion) 3rd Q 3rd Q Change (%) Change Electronic materials and components segment Electronic materials Electronic devices Recording devices Other eletronic components Recording media segment (3.4) (4.2) Total sales Q, FY March

10 Sales by major customer industry (Electronic materials and components segment) 3rd Quarter, FY Mar. 07 YoY Sales Weight IT Home Electronics - 2% 68 % High-Speed, Large Capacity Networks + 12% 9 % Car Electronics + 5% 8 % Others + 3% 15 % Note: Sales of Electronics materials and components =100% Excluding Densei Lambda Group 3Q, FY March

11 Breakdown of Operating Income Changes (Unit: JPY billion) [Changes in operating income 3rd Quarter] 1.9 Changes in sales and product mix 17.9 Rationalization 4.4 Exchange fluctuations(1u.s.$=yen > ) 0.2 Sales price discounts (7.2%) (17.2) Increase in SG & A (3.4) 3Q, FY March

12 Statement of Cash Flows 3rd Quarter, FY Mar. 07 Cash flow from operating activities: (JPY billion) FY Mar. 06 FY Mar. 07 Item Oct. 1, Dec 31, 2005 Oct. 1, Dec 31, Cash flow from investing activities: (44.5) (21.7) Cash flow from financing activities: Cash flow from non-continuing operation activities: Effect of exchange rate changes on cash and cash equivalents (4.3) (6.4) Net increase in cash and cash equivalents Cash and cash equivalents at beginning of period (23.8) Cash and cash equivalents at end of period Free Cash Flow (24.5) 7.2 3Q, FY March

13 Operating Income by Segment, 3rd Quarter, FY Mar. 07 FY Mar 06 FY Mar 07 (JPY billion) 3rd Q 3rd Q Change (% ) Change Electronic materials and components segment Net sales Operating income Ratio (%) Recording media segment Net sales (1.9) (6.1) Operating income (0.9) Ratio (%) (3.0) 0.5 Total Net sales Operating income Ratio (%) Q, FY March

14 Sales Breakdown by region FY Mar 06 FY Mar 07 (JPY billion) 3rd Q 3rd Q Change (%) Change Japan Americas Europe (0.3) (1.3) Asia and others (1.9) (1.4) Total sales Share of overseas sales (%) Q, FY March

15 Projections for FY March 2007 Consolidated FY Mar 2006 FY Mar 2007 January 30, 2007 (JPY billion) Results Projections Change (%) Change Net Sales Operating income Income before income taxes Net income Exchange rate (U.S.$=Yen) 113 * 117 * 4Q:JPY118/USD 3Q, FY March

16