February 21, 2019
TDK Corporation (TSE:6762, President & CEO: Shigenao Ishiguro) is pleased to announce that it has been selected as a winning company in the Corporate Governance of the Year® 2018 Prize, offered by the Japan Association of Corporate Directors (hereinafter “JACD,” Chairman: Yoshihiko Miyauchi).
The awards go to the companies which have achieved and maintained long term profitability by implementing good corporate governance with the ultimate goal of revitalizing the Japanese economy, since 2015.
TDK was selected in recognition of its efforts as a company that maintains an awareness of corporate governance in its management activities, and achieves sound growth in the medium to long-term while at the same time implementing various reforms.
Specifically, in addition to focusing on business performance indicators such as ROE, ROA and market capitalization, TDK’s efforts in developing its governance system including issues that TDK has worked for many years such as separation of the Chairman of the Board of Directors from executive functions, ratio of independent directors, and voluntary establishment of the nomination advisory committee and the compensation advisory committee.
For details of TDK’s corporate governance initiatives, please visit the following link.
For details of the Corporate Governance of the Year® 2018 Prize, please visit the JACS website.
Moving forward, TDK will continue working to improve its corporate governance, in order to achieve sustainable growth and improve its corporate value in the medium to long-term.
About TDK Corporation
TDK Corporation is a leading electronics company based in Tokyo, Japan. It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's comprehensive portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in the areas of information and communication technology and automotive, industrial and consumer electronics. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2018, TDK posted total sales of USD 12 billion and employed about 103,000 people worldwide.
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|Japan||Mr. Yoichi OSUGA||TDK Corporation