Report
Kazunori Ito
EUR 101.80 For Business Accounts Only

Adding TDK to our Best Ideas List; Growth of Electronic Components per Auto Is Underestimated

We are adding TDK to our Best Ideas list, and removing Nidec following its recent outperformance. As the top global supplier of passive components such as multilayer ceramic capacitors and inductors, the global second-place supplier of DC-DC converters, and the global third-place suppler of magnetic sensors and temperature sensors for automobiles, we believe that TDK will benefit from the increasing electronic devices on automobiles, driven by two major trends: 1) reduction of carbon dioxide; an...
Underlying
TDK Corporation

TDK is a manufacturer of recording media, ferrite products and recording device products, and a producer of inductor, ceramic capacitor, magnet, HDD head and other components. Co.'s principal business segments are passive components, sensor application products, magnetic application products, film application products and others. Co.'s principal products include ceramic capacitors, aluminum electrolytic capacitors, film capacitors, inductive devices, high-frequency components, piezoelectric materials and circuit protection components, sensors, HDD head suspension, recording devices, power supplies and magnets, and mechatronics.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Kazunori Ito

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