Investor Relations | Stock & Corporate Bonds

Owner Returns

Fundamental Policy for Distribution of Earnings

TDK recognizes that achieving increase in corporate value over the medium- and long-term ultimately translates into higher shareholder value. In line with this understanding, TDK’s fundamental policy is to work to consistently increase dividends through growth in earnings per share. By actively investing for growth, mainly in the development of new products and technologies in key fields so as to respond precisely to rapid technological innovation in the electronics industry, TDK is aiming to increase a medium- and long-term corporate value. Accordingly, TDK actively reinvests its earning in business activities and determines its dividends taking into consideration comprehensive factors, including return on equity (ROE) and dividends on equity (DOE) on a consolidated basis, as well as changes in the business environment, among other factors.

TDK plans to pay a year-end dividend of ¥90 per common share, subject to approval at the ordinary general meeting of shareholders scheduled for June 23, 2021. Combined with the interim dividend of ¥90 per common share paid in December 2020, the planned dividend per common share applicable to the year will be ¥180.

TDK plans to pay an interim dividend of ¥95 per common share and a year-end dividend of ¥95 per common share respectively in Fiscal 2022.

Dividends per common share

Term FY March 2018 FY March 2019 FY March 2020 FY March 2021 FY March 2022
Dividends per common share Yen 130 Yen 160 Yen 180 Yen 180 (Forecast) Yen 190 (Forecast)
Interim dividends Yen 60 Yen 80 Yen 90 Yen 90 Yen 95 (Forecast)
Year-end dividends Yen 70 Yen 80 Yen 90 Yen 90 (Forecast) Yen 95 (Forecast)
Payout ratio 25.9% 24.6% 39.3% 28.7% (Forecast) 24.0% (Forecast)

No Special Benefits for Shareholders

We do not have a system of special benefits for shareholders.
Our basic policy is to return profits through dividends.