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TDK, Apr-Dec (Cumulative 3Q) Net Income Increases by 35%

Fri Jan 31, 2025 2:30 pm JST Earnings

6762 TDK Corporation 【IFRS】

Earnings Report

TDK Corporation <6762> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on January 31st (14:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 160 billion yen, an increase 34.6% compared to the same period last year. The progress rate toward the full-year plan of 160 billion yen is 100.5%, almost the same as the three-year average of 101.7%.

Based on the cumulative third-quarter performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income/loss for the January to March period (4Q) is expected to turn into a loss of 0.86 billion yen (compared to a profit of 5.19 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 55.1 billion yen, a 15.5% decrease compared to the same period last year. However, the operating profit margin rose from 12.6% in the same period last year to 13.0%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 1,708,965 188,677 188,102 136,875 72.2 112.5 Jan 31, 2023 IFRS
Apr - Dec, 2023 1,618,961 155,748 157,122 119,491 63.0 87.7 Jan 31, 2024 IFRS
Apr - Dec, 2024 1,670,544 209,093 218,082 160,869 84.8 96.1 Jan 31, 2025 IFRS
YoY +3.2% +34.3% +38.8% +34.6% +34.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 1,030,499 86,698 89,696 54,290 28.6 14 Nov 1, 2024 IFRS
Oct - Mar, 2024 New 1,090,499 86,698 89,696 54,290 28.6 14 Jan 31, 2025 IFRS
Revision Rate +5.8% 0.0% 0.0% 0.0% 0.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 2,120,000 220,000 227,000 160,000 84.3 28 Nov 1, 2024 IFRS
Mar, 2025 New 2,180,000 220,000 227,000 160,000 84.3 28 Jan 31, 2025 IFRS
Revision Rate +2.8% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 1,044,165 87,345 98,999 70,499 37.2 11.60 Apr 26, 2024 IFRS
Oct - Mar, 2024 Guidance 1,090,499 86,698 89,696 54,290 28.6 14 Jan 31, 2025 IFRS
YoY +4.4% -0.7% -9.4% -23.0% -23.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,180,817 168,827 167,219 114,187 60.2 21.20 Apr 28, 2023 IFRS
Mar, 2024 2,103,876 172,893 179,241 124,687 65.7 23.20 Apr 26, 2024 IFRS
Mar, 2025 Guidance 2,180,000 220,000 227,000 160,000 84.3 28 Jan 31, 2025 IFRS
YoY +3.6% +27.2% +26.6% +28.3% +28.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 559,250 70,200 76,880 65,303 34.4 12.6 Jan 31, 2024 IFRS
Jan - Mar, 2024 484,915 17,145 22,119 5,196 2.7 3.5 Apr 26, 2024 IFRS
Apr - Jun, 2024 518,809 57,872 69,563 59,627 31.4 11.2 Jul 30, 2024 IFRS
Jul - Sep, 2024 570,692 75,430 67,741 46,083 24.3 13.2 Nov 1, 2024 IFRS
Oct - Dec, 2024 581,043 75,791 80,778 55,159 29.1 13.0 Jan 31, 2025 IFRS
YoY +3.9% +8.0% +5.1% -15.5% -15.6%

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