1. Approach to reducing the investment unit

TDK Corporation (“the Company”) recognizes that reducing the investment unit is one effective means of improving the liquidity of shares and expanding the investor base.

2. Policy on reducing the investment unit

To obtain a fair valuation of the Company’s shares in the stock markets, the Company proactively discloses information and conducts other investor relations activities targeting shareholders and other investors. As a result, the Company believes that its share liquidity is sufficient. The Company does not plan to reduce the investment unit at this time.
The Company will consider a smaller investment unit carefully, taking stock market trends and trends in the Company’s stock price, among other factors, into consideration.

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