TDK Corporation Revises Earnings Guidance for the Year Ending March 31, 2021
January 29, 2021 at 06:00 am
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TDK Corporation revised earnings guidance for the year ending March 31, 2021. For the year, the company revised net sales of JPY 1,450,000 million compared to previous guidance of JPY 1,400,000 million. Operating income of JPY 110,000 million compared to previous guidance of JPY 110,000 million. Net income attributable to company of JPY 76,000 million compared to previous guidance of JPY 76,000 million.
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 
