Report
Kazunori Ito
EUR 101.80 For Business Accounts Only

TDK’s Product Portfolio will Benefit from new Demands, such as Robots, Wearables, and Autos

TDK’s operating income for the December quarter was JPY 32 billion, which was in line with our forecast of JPY 30 billion. Compared with the previous year’s number, which was also JPY 32 billion, the negative impact of JPY 10 billion from the carveout of RF components was fulfilled by the growth of passive components and polymer rechargeable batteries, and we are encouraged as the company expects that robust demand for these components will continue. We do not assign an economic moat rating to T...
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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