TDK Optical Media Sales Rise
By Jeff Malester -- TWICE, 10/28/2004
Tokyo — Sales of optical media increased in the fiscal first half at TDK, as sharply higher sales volumes of DVDs, due to expanding demand, absorbed the effect of downward pressure on sales prices.
However, sales of audio tape and video tape declined year-over-year in the first six months, ended Sept. 30, pulling the company’s overall recording media and systems segment first-half sales down by 8.9 percent to $530 million from $581.9 million the previous year. The segment recorded a $28.4 million operating loss in the first six months, an increase of 66.6 percent over the $17 million operating loss reported a year earlier.
Breaking out the second quarter, recording media and systems segment sales decreased 10.8 percent, down to $272.3 million from $305.4 million in the same three months in 2003.
First half TDK overall sales to the Americas decreased 7 percent this year, down to $378.5 million from a year-ago $407.1 million. In the Americas, sales in the total recording media and systems area declined. Also, the higher yen vs. the U.S. dollar impacted sales in the Americas.
Total overseas sales in the recording media and systems segment in the first half decreased 11.2 percent, reaching $389.4 million from $438.5 million in the same time frame in 2003.
Consolidated TDK second-quarter sales declined slightly to $1.51 billion from $1.53 billion in the same three months a year earlier. Net income slipped 13.6 percent to $91.2 million from $105.5 million.
Consolidated sales for the first half at TDK were about flat at $3 billion, while net income climbed 3.2 percent to $186.7 million from $180.9 million.
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