Notice of Stock Split, Partial Amendment to the Articles of Incorporation and Revision of Dividend Projections

July 28, 2021

TDK Corporation (“the Company”) hereby announces that the Company has resolved at the meeting of the Board of Directors held on July 28, 2021, the stock split and partial amendment to the articles of incorporation. Furthermore, in line with the stock split, the Company has resolved to revise the dividend projections for the fiscal year ending March 31, 2022.
Details are as follows.

1. Purpose of the stock split

The stock split aims to increase the liquidity of stocks and expand the investor base by reducing the investment unit price of the Company's stocks.

2．Outline of the stock split

(1) Method

The Company will split one share of its common stock owned by shareholders entered or recorded in the last shareholder registry as of Thursday, September 30, 2021 into three shares.

(2) Number of shares to be increased by the stock split

(3) Schedule

(4) Other

The stock split will not result in a change to the amount of stated capital.

3. Partial amendment to the articles of incorporation

(1) Reasons for the amendment

In line with the stock split, pursuant to the Article 184, paragraph 2 of the Companies Act of Japan, the Company will amend as of Friday, October 1, 2021, the total number of shares issuable set by Article 6 in the Articles of Incorporation of the Company.

(2) Details of the amendment

Details are as follows.

(Updated contents are underlined.)

(3) Schedule of the amendment to the Articles of Incorporation

4. Revision of dividend projections associated with the stock split

With respect to the year-end dividend projections for the fiscal year ending March 31, 2022 announced on April 28, 2021, the Company will revise it as follows because the year-end dividend will be paid after this stock split.
As the effective date of this stock split is October 1, 2021, the interim dividend for the fiscal year ending March 31, 2022, with a record date of September 30, 2021, will be paid on the basis of the number of shares prior to the stock split.
The dividend projections will effectively increase 1 yen per share (based on dividends before the stock split).

Contact for media