Board Change • 5h
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CTO, GM of Technology & Intellectual Property HQ, Executive Officer & Director Shuichi Hashiyama was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
TDK Corporation, Annual General Meeting, Jun 19, 2026 TDK Corporation, Annual General Meeting, Jun 19, 2026. Announcement • Mar 26
TDK Corporation to Report Fiscal Year 2026 Results on Apr 28, 2026 TDK Corporation announced that they will report fiscal year 2026 results at 3:30 PM, Tokyo Standard Time on Apr 28, 2026 Announcement • Jan 27
TDK Corporation Appoints Nicolas Sauvage as Chair of the Global Corporate Venturing Leadership Society TDK Corporation announced that its subsidiary, TDK Ventures Inc., President Nicolas Sauvage, has been appointed Chair of the Global Corporate Venturing (GCV) Leadership Society for a two-year term. Sauvage has been honored on the GCV Powerlist for five consecutive years and serves as Co-Chair of the Global Corporate Venturing & Innovation (GCVI) Summit, the industry’s flagship annual gathering. In addition to his responsibilities leading TDK Ventures, Sauvage has played a leading role in the development of CVC education and training programs worldwide. Sauvage is the host of the Corporate Venturing Insider podcast, a series of in-depth conversations with global CVC leaders, founders, and operators exploring how corporate venture capital is evolving and what it takes to build durable, entrepreneur-first partnerships. Sauvage is a published author on corporate venturing, with his work featured by leading institutions including Harvard Business Review, London Business School, and INSEAD, where he explores the evolution of modern CVC, effective corporate–startup collaboration, and long-term value creation. In collaboration with IESE Business School, the TDK Ventures journey has also been featured as a case study, “TDK Ventures: Aligning Corporate Strategy with Venture Innovation,” distributed through Harvard Business Review and taught in leading MBA programs. Over the past year, he has taught a structured CVC curriculum through the Kauffman Fellows venture capital network, delivered sessions at business schools including IESE and IMD, as well as other executive programs, and frequently presents CVC best practices at leading industry events such as TechCrunch Disrupt, Web Summit, and South Summit. His work focuses on improving clarity around CVC models, strengthening investor-founder alignment, and promoting more transparent collaboration across the broader venture ecosystem. Board Change • Dec 30
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CTO, GM of Technology & Intellectual Property HQ, Executive Officer & Director Shuichi Hashiyama was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Dec 30
First half dividend of JP¥16.00 announced Shareholders will receive a dividend of JP¥16.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 135%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
TDK Corporation to Report Q3, 2026 Results on Feb 02, 2026 TDK Corporation announced that they will report Q3, 2026 results on Feb 02, 2026 Announcement • Sep 26
Astemo, Ltd. agreed to acquire New Product Development of Automotive Power Supplies Business of TDK Corporation from TDK Corporation (TSE:6762) for ¥4.3 billion. Astemo, Ltd. agreed to acquire New Product Development of Automotive Power Supplies Business of TDK Corporation from TDK Corporation (TSE:6762) for ¥4.3 billion on September 25, 2025. A cash consideration of ¥4.3 billion will be paid by Astemo, Ltd. As part of consideration, ¥4.3 billion is paid towards assets of New Product Development of Automotive Power Supplies Business of TDK Corporation.
The expected completion of the transaction is April 1, 2026. Announcement • Sep 18
TDK Corporation to Report Q2, 2026 Results on Oct 31, 2025 TDK Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Announcement • Jun 19
TDK Corporation (TSE:6762) acquired Softeye, Inc. TDK Corporation (TSE:6762) acquired Softeye, Inc. on June 19, 2025. As a result of the acquisition, SoftEye is an indirectly wholly owned subsidiary of TDK Corporation.
TDK Corporation (TSE:6762) completed the acquisition of Softeye, Inc. on June 19, 2025. Announcement • May 31
TDK Corporation to Report Q1, 2026 Results on Aug 01, 2025 TDK Corporation announced that they will report Q1, 2026 results at 9:00 AM, Tokyo Standard Time on Aug 01, 2025 Announcement • Apr 28
TDK Corporation, Annual General Meeting, Jun 20, 2025 TDK Corporation, Annual General Meeting, Jun 20, 2025. Announcement • Apr 15
TDK Corporation Demonstrates the World's First "Spin Photo Detector" Capable of 10X Data Transmission Speeds for the Next Generation of AI TDK Corporation announced that it has developed the world's first "Spin Photo Detector," a photo-spintronic conversion element combining optical, electronic, and magnetic elements that can respond at an ultra-high speed of 20 picoseconds (20 x 10-12 s) using light with a wavelength of 800 nm - more than 10X faster than conventional semiconductor-based photo detectors. This new device is expected to be a key driver for implementing photoelectric conversion technology that boosts data transmission and data processing speed, particularly in AI applications, while simultaneously reducing power consumption. Transferring mass amounts of data at higher speeds and with lower power consumption is an inevitable need as AI evolution. To process data and make calculations, data is currently transferred between CPU/GPU chips as well as from and to memory by electrical signals. Therefore, there is an increasing need for optical communication and optical interconnects, which offer high speeds that do not decrease with interconnect distance. Photoelectronic conversion technology is also gaining global interest as a very compact fusion of both optical and electronic elements. To address these challenges, TDK adapted its magnetic tunnel junction (MTJ) technology, which is currently used in billions of HDD heads, for photonics. One of the major advantages of this technology is that it does not require crystal growth using a single crystal substrate, and the device can be formed regardless of the substrate material. Comparatively, conventional semiconductor-based photo detection have physical limitations at shorter wavelengths. Because the Spin Photo Detector has a completely different operating principle and uses an electron heating phenomenon, it can operate at ultra-high speeds even when the wavelength is shortened. In addition, the operating wavelength range is wide, and it has been confirmed that it can operate from visible light to near-infrared light. TDK has successfully demonstrated the Spin Photo Detector with Nihon University in Japan, a research pioneer for the measurement of ultrafast phenomena of magnetic material. Additionally, with the ability to detect visible light at high speeds, the spin photo detector will be useful in applications projected for future growth, such as devices for AR/VR smart glasses ([2), and high-speed image sensors. While conventional semiconductor photo-sensing devices have weak cosmic-ray resistance, MTJ elements are also known for their strong cosmic-ray resistance and are expected to be used as light-detecting elements in aerospace applications. In the future, based on these results, TDK will improve the perfection of the high-speed light detection element to further pursue its usefulness. Announcement • Mar 27
TDK Corporation to Report Fiscal Year 2025 Results on Apr 28, 2025 TDK Corporation announced that they will report fiscal year 2025 results at 3:30 PM, Tokyo Standard Time on Apr 28, 2025 Declared Dividend • Dec 30
First half dividend of JP¥14.00 announced Shareholders will receive a dividend of JP¥14.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 116%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Dec 30
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 5 experienced directors. 1 highly experienced director. CFO, Senior Executive VP & Director Tetsuji Yamanishi is the most experienced director on the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 05
TDK Corporation to Report Q3, 2025 Results on Jan 31, 2025 TDK Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 03
Second quarter 2025 earnings released: EPS: JP¥24.29 (vs JP¥20.81 in 2Q 2024) Second quarter 2025 results: EPS: JP¥24.29 (up from JP¥20.81 in 2Q 2024). Revenue: JP¥570.7b (up 2.6% from 2Q 2024). Net income: JP¥46.1b (up 17% from 2Q 2024). Profit margin: 8.1% (up from 7.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. New Risk • Sep 26
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 6.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.8%). Announcement • Sep 11
TDK Corporation to Report Q2, 2025 Results on Nov 01, 2024 TDK Corporation announced that they will report Q2, 2025 results on Nov 01, 2024 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €53.70, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Electronic industry in Germany. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €55.06 per share. Announcement • Aug 06
TDK Corporation Appoints Sandeep Pandya as Chief Executive Officer of TDK SensEI Pte. Ltd TDK Corporation announced the formation of a new corporate legal entity, TDK SensEI Pte. Ltd. to address the growing market of the intersection of artificial intelligence (AI) and sensor fusion at the edge. Sandeep Pandya has been recruited from outside of TDK to lead TDK SensEI as Chief Executive Officer (CEO). Pandya is an entrepreneurial C-level leader with a successful record of developing teams, products, and new markets across technologies and industries. His focus in recent years has been on building early-stage ventures with artificial intelligence (AI)/deep tech foundations. Pandya serves on several early-stage venture and non-profit boards. Sandeep earned an MBA from Northwestern University's J.L. Kellogg Graduate School of Management, and BS and MS degrees in Computer Science from the University of Illinois at Urbana-Champaign. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 31
First quarter 2025 earnings released: EPS: JP¥157 (vs JP¥38.82 in 1Q 2024) First quarter 2025 results: EPS: JP¥157 (up from JP¥38.82 in 1Q 2024). Revenue: JP¥518.8b (up 3.1% from 1Q 2024). Net income: JP¥59.6b (up 305% from 1Q 2024). Profit margin: 12% (up from 2.9% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 29
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 46% to €61.00. The fair value is estimated to be €49.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 94%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
TDK Corporation to Report Q1, 2025 Results on Jul 30, 2024 TDK Corporation announced that they will report Q1, 2025 results at 3:00 PM, Tokyo Standard Time on Jul 30, 2024 Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥329 (vs JP¥301 in FY 2023) Full year 2024 results: EPS: JP¥329 (up from JP¥301 in FY 2023). Revenue: JP¥2.10t (down 3.5% from FY 2023). Net income: JP¥124.7b (up 9.2% from FY 2023). Profit margin: 5.9% (up from 5.2% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €57.74, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Electronic industry in Germany. Total returns to shareholders of 84% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.24 per share. Buy Or Sell Opportunity • May 31
Now 20% overvalued Over the last 90 days, the stock has fallen 5.7% to €45.81. The fair value is estimated to be €38.08, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Announcement • Apr 28
TDK Corporation, Annual General Meeting, Jun 21, 2024 TDK Corporation, Annual General Meeting, Jun 21, 2024. Agenda: To consider year-end dividend of JPY 58 per common share. Reported Earnings • Apr 28
Full year 2024 earnings released: EPS: JP¥329 (vs JP¥301 in FY 2023) Full year 2024 results: EPS: JP¥329 (up from JP¥301 in FY 2023). Revenue: JP¥2.10t (down 3.5% from FY 2023). Net income: JP¥124.7b (up 9.2% from FY 2023). Profit margin: 5.9% (up from 5.2% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Announcement • Mar 26
TDK Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024 TDK Corporation announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on Apr 26, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥58.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (1.5%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥172 (vs JP¥132 in 3Q 2023) Third quarter 2024 results: EPS: JP¥172 (up from JP¥132 in 3Q 2023). Revenue: JP¥559.3b (down 4.7% from 3Q 2023). Net income: JP¥65.3b (up 31% from 3Q 2023). Profit margin: 12% (up from 8.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year. Buy Or Sell Opportunity • Jan 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to €45.80. The fair value is estimated to be €37.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Announcement • Jan 09
TDK Announces New 3-Axis Accelerometer, Finalizing Transition of Smartautomotive™ Non-Safety Product Family to 105°C TDK Corporation announced the InvenSense SmartAutomotive™ IAM-20381HT high-temperature monolithic 3-axis MotionTracking accelerometer for non-safety automotive applications, such as navigation, infotainment systems, telematics, and more. The launch represents a full transition of the InvenSense SmartAutomotive non-safety product line to 105°C. The IAM-20381HT is part of a fully-compatible, multi-axis, multi-grade portfolio of SmartAutomotive products. With this release, TDK confirms its leadership in driving the inertial sensors market for both safety and non-safety automotive applications. The IAM-20381HT will be available at distributors worldwide by February 1, 2024. The new stand-alone 3-axis MEMS accelerometer is offered in a thin 3 x 3 x 0.75 mm (16-pin LGA) package and is automotive-qualified based on AEC-Q100 Grade 2. The IAM-20381HT also features two programmable independent interrupt lines, wake-on-motion functionality, and a FIFO up to 4096-bytes, which can lower the traffic on the serial bus interface and reduce power consumption by allowing the system processor to burst-read sensor data and then go into a low-power mode. Such features enable a variety of motion-activated functions such as anti-theft, vehicle security, and driving style data recording. TDK will demonstrate this and other technologies at the Consumer Electronics Show (CES) from January 9-12, 2024, in Las Vegas. Find TDK in the CES Central Hall (LVCC) at booth #20521. Glossary: IMU: Inertial Measurement Unit 6-axis: 3-axis Gyroscope + 3-axis Accelerometer 3-axis: 3-axis Gyroscope or 3-axis Accelerometer MEMS: Micro-Electro-Mechanical Systems DK: Developer kit EV: Evaluation board LGA: Land Grid Array FIFO: First in First out Main applications: Lift Gate Motion Detection Tilt Measurement Infotainment and Navigation Systems Car Alarm Telematics Insurance Vehicle Tracking Drive Style Recording Main features and benefits Automotive-qualified based on AEC Q100 Grade 2 qualification test methods Thin 3 x 3 x 0.75 mm (16-pin LGA) package 16-bit digital-output accelerometer Accelerometer: X-, Y-, and Z-axes acceleration sensors with a user-programmable full-scale range up to ±16 g User-programmable digital filters for accelerometer and temperature sensor Embedded self-test Two embedded configurable interrupt lines Wake-on-motion functional Final test over temperature Pin-to-pin and register-compatible across with IAM-20680HT, IAM-20680HP, IAM-20380HT, IAM-20381 EV_IAM-20381HT evaluation board compatible with DK-Universal-I. Announcement • Dec 23
TDK Corporation to Report Q3, 2024 Results on Jan 31, 2024 TDK Corporation announced that they will report Q3, 2024 results at 3:00 PM, China Standard Time on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥104 (vs JP¥147 in 2Q 2023) Second quarter 2024 results: EPS: JP¥104 (down from JP¥147 in 2Q 2023). Revenue: JP¥556.3b (down 9.0% from 2Q 2023). Net income: JP¥39.5b (down 29% from 2Q 2023). Profit margin: 7.1% (down from 9.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥58.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.5%). Announcement • Aug 30
TDK Corporation to Report Q2, 2024 Results on Nov 01, 2023 TDK Corporation announced that they will report Q2, 2024 results on Nov 01, 2023 New Risk • Aug 04
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 9.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.5% net profit margin). Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: JP¥38.82 (vs JP¥82.88 in 1Q 2023) First quarter 2024 results: EPS: JP¥38.82 (down from JP¥82.88 in 1Q 2023). Revenue: JP¥503.4b (down 1.4% from 1Q 2023). Net income: JP¥14.7b (down 53% from 1Q 2023). Profit margin: 2.9% (down from 6.2% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥301 (vs JP¥346 in FY 2022) Full year 2023 results: EPS: JP¥301 (down from JP¥346 in FY 2022). Revenue: JP¥2.18t (up 15% from FY 2022). Net income: JP¥114.2b (down 13% from FY 2022). Profit margin: 5.2% (down from 6.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 28
TDK Corporation to Report Q1, 2024 Results on Aug 02, 2023 TDK Corporation announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥301 (vs JP¥346 in FY 2022) Full year 2023 results: EPS: JP¥301 (down from JP¥346 in FY 2022). Revenue: JP¥2.18t (up 15% from FY 2022). Net income: JP¥114.2b (down 13% from FY 2022). Profit margin: 5.2% (down from 6.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥53.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 5.8% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥132 (vs JP¥129 in 3Q 2022) Third quarter 2023 results: EPS: JP¥132 (up from JP¥129 in 3Q 2022). Revenue: JP¥587.0b (up 18% from 3Q 2022). Net income: JP¥49.9b (up 1.7% from 3Q 2022). Profit margin: 8.5% (down from 9.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥147 (vs JP¥110 in 2Q 2022) Second quarter 2023 results: EPS: JP¥147 (up from JP¥110 in 2Q 2022). Revenue: JP¥611.5b (up 29% from 2Q 2022). Net income: JP¥55.5b (up 34% from 2Q 2022). Profit margin: 9.1% (up from 8.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Mutsuo Iwai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 03
Second quarter 2023 earnings released: EPS: JP¥147 (vs JP¥110 in 2Q 2022) Second quarter 2023 results: EPS: JP¥147 (up from JP¥110 in 2Q 2022). Revenue: JP¥611.5b (up 29% from 2Q 2022). Net income: JP¥55.5b (up 34% from 2Q 2022). Profit margin: 9.1% (up from 8.8% in 2Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥53.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%). Reported Earnings • Sep 05
First quarter 2023 earnings released: EPS: JP¥82.88 (vs JP¥71.12 in 1Q 2022) First quarter 2023 results: EPS: JP¥82.88 (up from JP¥71.12 in 1Q 2022). Revenue: JP¥510.5b (up 22% from 1Q 2022). Net income: JP¥31.4b (up 17% from 1Q 2022). Profit margin: 6.2% (down from 6.4% in 1Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 02
First quarter 2023 earnings released: EPS: JP¥82.88 (vs JP¥70.37 in 1Q 2022) First quarter 2023 results: EPS: JP¥82.88 (up from JP¥70.37 in 1Q 2022). Revenue: JP¥510.5b (up 22% from 1Q 2022). Net income: JP¥31.4b (up 18% from 1Q 2022). Profit margin: 6.2% (down from 6.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.2%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • May 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Director Makoto Sumita is the most experienced director on the board, commencing their role in 2013. Independent Outside Director Mutsuo Iwai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥468 (vs JP¥209 in FY 2021) Full year 2022 results: EPS: JP¥468 (up from JP¥209 in FY 2021). Revenue: JP¥1.90t (up 29% from FY 2021). Net income: JP¥177.5b (up 124% from FY 2021). Profit margin: 9.3% (up from 5.4% in FY 2021). Over the next year, revenue is forecast to grow 5.7%, compared to a 25% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Director Makoto Sumita is the most experienced director on the board, commencing their role in 2013. Independent Outside Director Mutsuo Iwai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Buying Opportunity • Apr 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.6%. The fair value is estimated to be €39.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 9.8%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.8%). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €29.91, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Electronic industry in Germany. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.57 per share. Buying Opportunity • Mar 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥41.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% per annum over the last 3 years. Earnings per share has grown by 9.8% per annum over the last 3 years. Reported Earnings • Feb 01
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥130 (up from JP¥81.41 in 3Q 2021). Revenue: JP¥499.7b (up 26% from 3Q 2021). Net income: JP¥49.1b (up 59% from 3Q 2021). Profit margin: 9.8% (up from 7.8% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.6%. Over the next year, revenue is forecast to grow 5.7%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Nov 02
Second quarter 2022 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥474.1b (up 24% from 2Q 2021). Net income: JP¥41.6b (up 43% from 2Q 2021). Profit margin: 8.8% (up from 7.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥95.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.7%). Reported Earnings • Jul 29
First quarter 2022 earnings released: EPS JP¥211 (vs JP¥104 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥420.1b (up 36% from 1Q 2021). Net income: JP¥26.7b (up 102% from 1Q 2021). Profit margin: 6.3% (up from 4.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥628 (vs JP¥457 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥1.48t (up 8.5% from FY 2020). Net income: JP¥79.3b (up 37% from FY 2020). Profit margin: 5.4% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
Full year 2021 earnings released: EPS JP¥628 (vs JP¥457 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥1.48t (up 8.5% from FY 2020). Net income: JP¥79.3b (up 37% from FY 2020). Profit margin: 5.4% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.5%). Announcement • Mar 04
TDK Corporation to Report Fiscal Year 2021 Results on Apr 28, 2021 TDK Corporation announced that they will report fiscal year 2021 results on Apr 28, 2021 Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥244 (vs JP¥233 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: JP¥395.7b (up 11% from 3Q 2020). Net income: JP¥30.9b (up 4.7% from 3Q 2020). Profit margin: 7.8% (down from 8.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 8.0%, compared to a 22% growth forecast for the Electronic industry in Germany. Is New 90 Day High Low • Jan 13
New 90-day high: €131 The company is up 32% from its price of €99.00 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €71.53 per share. Is New 90 Day High Low • Dec 29
New 90-day high: €122 The company is up 33% from its price of €92.00 on 30 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €88.55 per share. Is New 90 Day High Low • Nov 17
New 90-day high: €111 The company is up 21% from its price of €92.00 on 19 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €79.56 per share. Reported Earnings • Nov 17
Second quarter 2021 earnings released: EPS JP¥230 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: JP¥381.7b (up 3.1% from 2Q 2020). Net income: JP¥29.0b (down 1.1% from 2Q 2020). Profit margin: 7.6% (down from 7.9% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue beats expectations Revenue exceeded analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 5.6%, compared to a 26% growth forecast for the Electronic industry in Germany. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of JP¥55.1b, down 36% from the prior year. Total revenue was JP¥1.35t over the last 12 months, down 1.5% from the prior year. Analyst Estimate Surprise Post Earnings • Nov 01
Semi-annual earnings released: Revenue beats expectations Semi-annual revenue exceeded analyst estimates by 5.2% at JP¥691.1b. Revenue is forecast to grow 4.2% over the next year, compared to a 22% growth forecast for the Electronic industry in Germany. Is New 90 Day High Low • Oct 30
New 90-day high: €102 The company is up 11% from its price of €92.00 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €84.02 per share. Is New 90 Day High Low • Oct 14
New 90-day high: €98.00 The company is up 15% from its price of €85.50 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €80.14 per share. Announcement • Oct 03
TDK Corporation to Report Q2, 2021 Results on Oct 30, 2020 TDK Corporation announced that they will report Q2, 2021 results at 3:00 PM, Tokyo Standard Time on Oct 30, 2020 Announcement • Aug 18
TDK Corporation Provides Dividend Guidance for the Interim and Year End Dividend for the Year Ending March 31, 2021 TDK Corporation provided dividend guidance for the interim and Year End Dividend for the Year Ending March 31, 2021
For the interim and year ending March 31, 2021, the company expects to pay dividend of JPY 80 per share against JPY 90 per share paid a year ago.