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 an interim dividend of 53 yen per common share and a year-end dividend of 53 yen per common share respectively in fiscal 2023.

Dividends per common share

Term	FY March 2019	FY March 2020	FY March 2021	FY March 2022	FY March 2023
Dividends per common share	Yen 53.3	Yen 60	Yen 60	Yen 78.3	Yen 106 (Forecast)
(Details)
Interim dividends	Yen 26.7	Yen 30	Yen 30	Yen 33.3	Yen 53 (Forecast)
Year-end dividends	Yen 26.7	Yen 30	Yen 30	Yen 45	Yen 53 (Forecast)
Payout ratio	24.6%	39.3%	28.7%	22.6%	27.7%

※TDK split one share of its common stock into three shares with the effective date of October 1, 2021.
Figures prior to fiscal 2021 have been converted to align with the post-stock split standard.
TDK has voluntarily adopted International Financial Reporting Standards (IFRS) from the consolidated financial
statements in the Annual Securities Report for the fiscal 2022.