TDK Corporation Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2020
January 29, 2021 at 06:00 am
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TDK Corporation reported consolidated earnings results for the third quarter and nine months ended December 31, 2020. For the third quarter, the company reported net sales of JPY 395,686 million against JPY 355,634 million a year ago. Operating income was JPY 45,078 million against JPY 40,397 million a year ago. Net income was JPY 30,865 million against JPY 29,476 million a year ago. Net income attributable to company basic was JPY 244.22 against JPY 233.35 a year ago. Net income attributable to company diluted was JPY 243.72 against JPY 232.84 a year ago.
For the nine months, the company reported net sales of JPY 1,086,797 million against JPY 1,062,663 million a year ago. Operating income was JPY 107,484 million against JPY 109,240 million a year ago. Net income was JPY 73,223 million against JPY 74,514 million a year ago. Net income attributable to company basic was JPY 578.49 against JPY 589.16 a year ago. Net income attributable to company diluted was JPY 577.30 against JPY 587.81 a year ago.
TDK Corporation specialises in the design, manufacture and sales of electronic products and recording equipment. Net sales break down by family product as follows:
- rechargeable batteries and energy converters (46.9%);
- electronic equipment and components (33.1%): ceramic capacitors, ferrites, magnets, inductors, high-frequency components, transformers, converters, thermistors, etc.;
- recording equipment (13.5%): recording appliances (notably magnetic heads for hard disks, heads for disk drives and thermal printer heads), recording equipment (audio and video cassettes, optical disks, computer data storage tapes, PC cards, etc.);
- other (3.5%): rechargeable batteries, memory cards, displays and mechatronic equipment.
Net sales break down geographically as follows: Japan (8%), China (56.8%), Asia (18.7%), Europe (10%) and Americas (6.5%).
TDK CORPORATION 
