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RNS Number : 8144I

TDK Corporation

21 June 2011

TDK Announces Projections of Consolidated Financial Results and Dividends

TOKYO JAPAN, June 21, 2011----- TDK Corporation hereby announces its projections of consolidated financial results and dividends for FY March 2012. These projections, which were not disclosed within the "Consolidated results (U.S. GAAP) for FY March 2011" announced on April 27, 2011, are set forth below.

1. Consolidated Projections for FY March 2012 (April 1, 2011 - March 31, 2012)

 
                                                                  Net income 
                                        Income                    per common 
                                        before     Net income     share 
                            Operating   income     attributable   attributable 
                Net sales    income     taxes      to TDK         to TDK 
-------------  ----------  ----------  ---------  -------------  ------------- 
                 (million    (million   (million       (million 
                     yen)        yen)       yen)           yen)          (yen) 
-------------  ----------  ----------  ---------  -------------  ------------- 
 Previous 
 projections 
 (A)                _           _          _            _              _ 
-------------  ----------  ----------  ---------  -------------  ------------- 
 Revised 
  projections 
  (B)             890,000      67,000     65,000         50,000         387.61 
-------------  ----------  ----------  ---------  -------------  ------------- 
 Change (B) 
  - (A)             _           _          _            _ 
-------------  ----------  ----------  ---------  -------------  ------------- 
 % change           _           _          _            _ 
-------------  ----------  ----------  ---------  -------------  ------------- 
 Reference: 
  Results for 
  FY March 
  2011            875,737      63,842     60,065         45,264         350.90 
-------------  ----------  ----------  ---------  -------------  ------------- 
 

2. Basis for Projections

At the time of the April 27 announcement of financial results for FY March 2011, consolidated projections for FY March 2012 were delayed because it was not possible to extrapolate reasonable projections of business performance due to the effects of the Great East Japan Earthquake. However, based on consideration of such factors as the recent market environment and trends in the TDK Group's business performance, the company determined that projections can be ascertained to a certain degree, hence their disclosure at this time.

Notes: These projections are based on information available to TDK at this time. Actual business performance may vary as a result of various factors arising in the future. Please note that exchange rates of 80 yen per US dollar and 110 yen per euro were assumed for FY March 2012.

3. Dividend Projections (April 1, 2011 - March 31, 2012)

 
                                          Annual Dividend 
-------------------  --------------------------------------------------------- 
                      End of 1st    End of 2nd   End of 3rd 
                        Quarter       Quarter      Quarter    Year-End   Total 
-------------------  ------------  -----------  -----------  ---------  ------ 
                            (yen)        (yen)        (yen)      (yen)   (yen) 
-------------------  ------------  -----------  -----------  ---------  ------ 
 Previous 
 projection                _            _            _           _         _ 
-------------------  ------------  -----------  -----------  ---------  ------ 
 Current projection        _             40.00       _           50.00   90.00 
-------------------  ------------  -----------  -----------  ---------  ------ 
 Reference: 
  Dividends 
  for 
  FY March 2011            _             40.00       _          40.00*   80.00 
-------------------  ------------  -----------  -----------  ---------  ------ 
 

*TDK plans to pay a year-end dividend of Yen40 per common share for previous fiscal year, subject to approval at the ordinary general meeting of shareholders scheduled for June 29, 2011.

4. Basis for Projections

TDK is releasing dividend projections at this time based on its projections of consolidated business performance for FY March 2012 and the company's consideration of factors that include its dividend policies and the business environment.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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