While TDK Corporation achieved record operating profit and significant growth in the HDD market, challenges persist in passive components and sensor applications due to market weaknesses and increased expenses. The automotive sector also faced difficulties, and there is an expected decline in sales for the fourth quarter.
Company Guidance
During the third quarter financial results briefing for TDK Corporation's fiscal year ending March 2025, several key metrics were highlighted. Net sales increased by 3.2% year-on-year to JPY1,670.5 trillion, with operating profit rising by 34.3% to JPY209.1 billion, both achieving record highs. The depreciation of the yen had a positive impact of JPY8.5 billion on net sales and JPY16.8 billion on operating profit. Earnings per share stood at JPY84.79. Notably, sales of small rechargeable batteries and HDD components for the ICT market saw significant growth, while the auto market struggled with a decline in BEV demand. However, demand for nearline HDDs for data centers increased 1.6 times year-on-year, boosting profitability. The company also adjusted its full-year projections, revising net sales upwards to JPY2,180.0 billion, while maintaining operating profit forecasts due to anticipated one-off expenses related to structural reforms. Free cash flow projections improved from JPY120 billion to JPY200 billion.
Record Operating Profit
Operating profit increased by 34.3% year-on-year, marking the highest record for the third quarter.
Significant Growth in HDD Market
Demand for nearline HDDs for data centers increased 1.6 times year-on-year, with HDD heads sales volume increasing by 37% year-on-year.
Increased Free Cash Flow
Free cash flow was JPY213.5 billion, surpassing previous year's JPY185.5 billion, and well above the targeted level announced at the beginning of the year.
Positive Currency Impact
FX fluctuations had a positive impact of JPY8.5 billion on net sales and JPY16.8 billion on operating profit.
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TDK (TTDKY) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TTDKY Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 31, 2025
$12.20
$11.11
-8.93%
Nov 01, 2024
$12.10
$12.08
-0.17%
Jul 30, 2024
$12.95
$13.12
+1.31%
Apr 26, 2024
$9.28
$9.30
+0.22%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TDK Corporation (TTDKY) report earnings?
TDK Corporation (TTDKY) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is TDK Corporation (TTDKY) earnings time?
TDK Corporation (TTDKY) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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