News Center | Press Release

Notice of Voluntary Adoption of International Financial Reporting Standards (IFRS)

February 22, 2022

TDK Corporation (President: Shigenao Ishiguro, TSE:6762) has adopted a resolution at the Board of Directors meeting on February 22, 2022 regarding voluntary adoption of International Financial Reporting Standards (“IFRS”) to its consolidated financial statements in place of the current Generally Accepted Accounting Principles in the United States (“U.S. GAAP”) in order to enhance the international comparability of its financial information in the capital markets and to improve the efficiency and quality of group management. This adoption will take place from the Annual Securities Report for the fiscal year ending March 31, 2022, and it will apply to the subsequent disclosure materials.

As for the Summary of Consolidated Financial Results and Consolidated Financial Statements under the Companies Act for the fiscal year ending March 31, 2022, these disclosure materials will be disclosed under the U.S. GAAP.

Disclosure schedule for the voluntary adoption of IFRS (planned):
PeriodDisclosure MaterialsAccounting Standard
Fiscal year ending March 31, 2022 Year-end Summary of Consolidated Financial Results*
Consolidated Financial Statements
U.S. GAAP
Annual Securities Report IFRS
Fiscal year ending March 31, 2023 First, Second, and Third Quarter Summary of Consolidated Quarterly Financial Results
Quarterly Report
IFRS
Year-end Summary of Consolidated Financial Results
Consolidated Financial Statements
Annual Securities Report
IFRS

*The Summary of Consolidated Financial Results for the fiscal year ending March 31, 2022 will also be disclosed under IFRS at a later date.

Contacts for media

Contact Phone Mail
Mr. Kazushige Atsumi TDK Corporation +81 3 6778-1055 pr@jp.tdk.com

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