Mar. 3, 2017
TDK Corporation (“The Company”) has announced that it has received dividends of JPY 97,229 million from its consolidated subsidiary, TDK Hong Kong Co., Ltd., and will record a non-operating income in its non-consolidated financial results as follows:
- Effective date for the dividends
March 3, 2017
- Impact on financial results
The Company will record a dividend income of JPY 97,229 million as non-operating income in its income statement for the fiscal year ending in March, 2017.
Since the dividends are from a consolidated subsidiary, this will have no affect on the consolidated income statement for the fiscal year ending March, 2017.
About TDK Corporation
TDK Corporation is a leading electronics company based in Tokyo, Japan. It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's portfolio includes electronic components, modules and systems*marketed under the product brands TDK and EPCOS, power supplies, magnetic application products as well as energy devices, flash memory application devices, and others. TDK focuses on demanding markets in the areas of information and communication technology and consumer, automotive and industrial electronics. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2016, TDK posted total sales of USD 10.2 billion and employed about 92,000 people worldwide.
- * The product portfolio includes ceramic, aluminum electrolytic and film capacitors, ferrites, inductors, high-frequency components such as surface acoustic wave (SAW) filter products and modules, piezo and protection components, and sensors.