TDK Corporation
Q1 2021 Earnings Call Transcript

Published: 30 Apr 2021

[Tetsuji Yamanishi:]

Okay. Thank you very much. I'm Yamanishi. Thank you very much for joining us today for this performance briefing on FY March 2021. Thank you very much. First of all, I'd like to talk about the consolidated results for FY March 2021. First of all that's -- the key points. Global economy this year -- the last year was that due to that COVID-19 pandemic and also that resulted from the conflict between the US and China have adversely affected the economy. But after the Q2 each country have started and restarted the economy and production activities gradually. And now the demand for the electronics has continued to recover particularly for the digital transformation DX; and the energy transformation EX. We have created the demand more than we have expected initially and also by dealing with this demand now we could grow by net sales by 8.5% year-on-year and operating income have grown by 13.9% year-on-year.

[Shigenao Ishiguro:]

This is Ishiguro speaking. Thank you very much for participating in this call. So for the fiscal year March 2022, I'm going to explain about the outlook. First, let me explain about the market forecast that we'll be using for the assumption of our projections. The global economy suffered negative growth due to COVID-19 in fiscal year 2021. But for fiscal year 2022, our assumption is that the growth will be plus 6%. There's still geopolitical and COVID related risks in the market. But we are assuming that the production of automobiles and smartphones will grow year-over-year, while production of PCs and tablets is going to be at the same level last year due to the trend for working from home to continue.

[End of Q&A:]