Earnings quality
Compare earnings and operating cash flow for earnings quality.
TDK Corporation
Ticker 6762 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-17 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 10.9%; equity ratio is 49.5%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin10.9%
Equity ratio49.5%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
ＴＤＫ株式会社 is a Japanese listed company. Its reportable segments include Energy Application Products, Magnetic Application Products, Passive Components, Sensor Application Products.
- Energy Application Products
- Magnetic Application Products
- Passive Components
- Sensor Application Products
- Operating Segments Not Included In
Segments Energy Application Products · Magnetic Application Products · Passive Components · Sensor Application Products · Operating Segments Not Included In
Compare trends
No phone/email found in this filing · Filing date 2026-06-17
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥2.2T | ¥2.5T |
| Cost of sales* | ¥1.5T | ¥1.7T |
| Gross profit | ¥688.0B | ¥783.4B |
| Operating profit (loss) | ¥224.2B | ¥272.4B |
| Finance income | ¥27.0B | ¥36.5B |
| Finance costs | ¥13.4B | ¥32.7B |
| Income tax expense | ¥67.4B | ¥77.6B |
| Profit (loss) | ¥170.4B | ¥199.2B |
| Profit (loss) attributable to owners | ¥167.2B | ¥195.7B |
| Basic EPS (¥) | 88.10 | 103.09 |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥697.3B | ¥842.8B |
| Current assets | ¥1.8T | ¥2.5T |
| Non-current assets | ¥1.7T | ¥2.0T |
| Total assets | ¥3.5T | ¥4.4T |
| Short-term borrowings | — | — |
| Current liabilities | ¥1.1T | ¥1.6T |
| Non-current liabilities* | ¥631.7B | ¥637.1B |
| Total liabilities | ¥1.7T | ¥2.2T |
| Equity attributable to owners | ¥1.8T | ¥2.2T |
| Total equity | ¥1.8T | ¥2.2T |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥445.8B | ¥507.7B |
| Cash flows from investing activities | -¥244.8B | -¥377.8B |
| Cash flows from financing activities | -¥143.3B | -¥64.7B |
| Net increase (decrease) in cash | ¥47.3B | ¥145.5B |
| Cash at end of period | ¥697.3B | ¥842.8B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥1.9T | ¥2.2T | ¥2.1T | ¥2.2T | ¥2.5T | |
| Operating profit | — | — | — | ¥224.2B | ¥272.4B | |
| Profit to owners | ¥131.3B | ¥114.2B | ¥124.7B | ¥167.2B | ¥195.7B | |
| Total assets | ¥3.0T | ¥3.1T | ¥3.4T | ¥3.5T | ¥4.4T | |
| Cash & equivalents | ¥439.3B | ¥506.2B | ¥650.0B | ¥697.3B | ¥842.8B | |
| Owners’ equity | ¥1.3T | ¥1.5T | ¥1.7T | ¥1.8T | ¥2.2T |
How we read these numbers
From the notes
| Item | Amount | Note |
|---|---|---|
| Affiliates stock valuation loss | -¥1.2B | Parent-company special loss (特別損失) |
| Parent special losses (total) | -¥2.9B | Sum of 特別損失 on the parent-company statement |
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥2.2T to ¥2.5T (▲ +13.6%), so the top line did not break. Gross profit only slipped from ¥688.0B to ¥783.4B, while operating profit swung from ¥224.2B to ¥272.4B — the damage is concentrated below gross profit.
The notes flag material one-offs this year, including Affiliates stock valuation loss ¥1.2B, Parent special losses (total) ¥2.9B. Treat these as discrete charges when reading the earnings move.
The parent-company income statement also shows material special losses (valuation, spin-off, and affiliate support items).
Operating cash flow was ¥507.7B (prior ¥445.8B), with cash on the balance sheet at ¥842.8B versus ¥697.3B.
The balance sheet got heavier on leverage. Total liabilities rose to ¥2.2T while owners’ equity fell to ¥2.2T. ROE moved from 9.5% to 9.8%, and the equity ratio from 50.8% to 49.5%. Employee count is 106,545 vs 105,067 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 50.8% to 49.5%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YD2Y
(ＴＤＫ株式会社), period end 2026-03-31.