Building a business management structure for sustainable growth in electric components

• Aiming to enhance its capacity for electronic component monozukuri and increase operating efficiency in order to become a major manufacturer that supports the global electronics industry

December 22, 2021

TDK Corporation (TSE:6762) has decided to further enhance its monozukuri capacity and operating efficiency by creating a business management structure that realizes sustainable growth by reorganizing the relevant manufacturing subsidiaries of Electronic Components Business Company (CEO: Taro Ikushima), which deals with its electronic components.

Details are as follows.

1. Consolidating three subsidiaries in Japan

At present, Electronic Components Business Company has three domestic subsidiaries, but these will be consolidated to enhance its monozukuri capacity by creating an integrated structure that shares each company's production engineering technology and manufacturing know-how.
Moreover, in addition to improving operating efficiency at all locations through this consolidation as well as taking charge of electronic components manufacture in Japan as a major manufacturer that supports the global electronics industry, the Company will further enhance employees engagement and be actively recruiting new staff to all 15 locations of the integrated company, both locally and from outside. These measures will allow the Company to strengthen its sustainable business management so that it can realize sustainable growth. The name of the integrated company will be TDK Electronics Factories Corporation.

2. Companies to be consolidated

TDK Akita Corporation (Yurihonjo City, Akita)
TDK Shonai Corporation (Tsuruoka City, Yamagata)
TDK Kofu Corporation (Minami-Alps City, Yamanashi)

3. Profile of the integrated company

About TDK Corporation

TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo, Japan. Built on a foundation of material sciences mastery, TDK welcomes societal transformation by resolutely remaining at the forefront of technological evolution and deliberately “Attracting Tomorrow.” It was established in 1935 to commercialize ferrite, a key material in electronic and magnetic products. TDK's comprehensive, innovation-driven portfolio features passive components such as ceramic, aluminum electrolytic and film capacitors, as well as magnetics, high-frequency, and piezo and protection devices. The product spectrum also includes sensors and sensor systems such as temperature and pressure, magnetic, and MEMS sensors. In addition, TDK provides power supplies and energy devices, magnetic heads and more. These products are marketed under the product brands TDK, EPCOS, InvenSense, Micronas, Tronics and TDK-Lambda. TDK focuses on demanding markets in automotive, industrial and consumer electronics, and information and communication technology. The company has a network of design and manufacturing locations and sales offices in Asia, Europe, and in North and South America. In fiscal 2021, TDK posted total sales of USD 13.3 billion and employed about 129,000 people worldwide.

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