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 12 yen per common share and a year-end dividend of 12 yen per common share respectively in FY March 2025.

Dividends per common share

Term	FY March 2021	FY March 2022	FY March 2023	FY March 2024	FY March 2025
Dividends per common share	12.00	15.67	21.20	23.20	24.00 (Forecast)
(Details)
Interim dividends	6.00	6.67	10.60	11.60	12.00 (Forecast)
Year-end dividends	6.00	9.00	10.60	11.60	12.00 (Forecast)
Payout ratio	30.4%	22.6%	35.2%	35.3%	35.6%

* TDK split one share of its common stock into five shares with the effective date of October 1, 2024.
Figures have been converted to align with the post-stock split standard.
* TDK has adopted the IFRS on its consolidated financial statements in the Annual Securities Reports from the FY March 2022 in place of the US-GAAP.
The figures for the FY March 2021 are also presented in accordance with IFRS.