Mr. Atsuo Kobayashi
Senior Vice President
Good afternoon. I’d like to report on TDK’s recording device business
Recording Device Business
Net sales for the year ended March 31, 2011 were ¥257.5 billion, 8% down year on year. The main reasons for the decline were the yen’s appreciation and lower unit prices. Regarding shipments, using an index where the first quarter of the year ended March 31, 2010 is 100, the first quarter of the year ended March 31, 2011 was 122. This was followed by 122 in the second quarter, 125 in the third quarter and 116 in the fourth quarter. In terms of our business plan for the year ending March 31, 2012, we will begin mass production of 500GB/P products for 2.5-inch HDDs. Similarly, we plan to begin mass producing 1TB/P products for 3.5-inch HDDs. In our suspension assembly business, we will endeavor to add value with DSA (Dual Stage Actuator)-mounted HDD heads. And we aim to establish the technology for mass producing heat-assisted HDD heads in the fiscal year ending March 31, 2013.
That concludes my presentation. Thank you.