Oct. 31, 2012
TDK Corporation (“the Company”) today announced revisions to its projected consolidated financial results for the fiscal year ending March 31, 2013 that were announced on April 27, in light of recent business performance. Details of the revisions are as follows.
- Consolidated Projections for FY March 2013 (April 1, 2012 – March 31, 2013)
Net Sales Operating Income Income Before Income Taxes Net Income Attributable to TDK Net Income per Common Share Attributable to TDK Previous projections (A) (Million yen)
Revised projections (B) 850,000 41,000 37,000 20,000 158.87 Change (B-A) (50,000) (16,000) (16,000) (20,000) - % change -5.6% -28.1% -30.2% -50.0% - Reference: Results for year ended March 31, 2012 814,497 18,687 12,245 (2,454) (19.06)
- Reasons for Revisions
There is growing uncertainty about the outlook for the global economy going forward amid continued slowdowns in economic activity in Europe, China and elsewhere. Under these economic conditions, production of notebook PCs, HDDs and certain other core finished products as well as demand for the electronic components used in them is expected to decline more than originally assumed. As a result, TDK expects business conditions in the second half of fiscal 2013 to remain at a lower level than assumed in previously announced forecasts. TDK has revised consolidated projections as above due to these business conditions.
- Note: These projections are based on information available to TDK at this time. Actual business performance may vary as a result of various factors arising in the future.
For further information, contact the Corporate Communications Dept.