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Notice regarding Revision of Projections for Consolidated Financial Results, Dividend of Surplus (Interim) and
Year-End Dividend Projections

November 1, 2024

TDK Corporation (“the Company”) hereby announces that it has revised the projected consolidated financial results for the fiscal year ending March 31, 2025, which was previously announced on April 26, 2024, as mentioned below.
Furthermore, the Company has resolved at the meeting of its Board of Directors held on November 1, 2024, to distribute dividends of surplus (interim) with the record date of September 30, 2024, and to revise the year-end dividend projections for the fiscal year ending March 31, 2025. Details of the revisions are as follows.

  1. Revision of Projections for Consolidated Financial Results for FY March 2025 (April 1, 2024-March 31, 2025)
    Net sales Operating
    income    		 Profit
    before taxes    		 Net income
    attributable to
    owners of
    parent    		 Basic
    earnings
    per share
    Previous projections (A) (Million yen)
    2,105,000    		 (Million yen)
    180,000    		 (Million yen)
    184,000    		 (Million yen)
    128,000    		 (Yen)
    67.48
    Revised projections (B) 2,120,000 220,000 227,000 160,000 84.33
    Change (B-A) 15,000 40,000 43,000 32,000 －
    % change 0.7 22.2 23.4 25.0 －
    Reference: Results for
    the previous period
    (FY March 2024)    		 2,103,876 172,893 179,241 124,687 65.74

    (Note)
    The Company split one share of its common stock into five shares with the effective date of October 1, 2024. Basic earnings per share is calculated based on the assumption that the share split was implemented at the beginning of the FY March 2024.

  2. Details of Interim Dividend for FY March 2025
    Interim dividend
    determined for
    this fiscal year    		 Most recent dividend
    Forecast (announced
    on July 30, 2024)    		 Interim dividend
    paid for the previous
    fiscal year
    Record date September 30, 2024 September 30, 2024 September 30, 2023
    Dividend per share 70.00 yen 60.00 yen 58.00 yen
    The total amount of dividend 26,564 million yen － 22,001 million yen
    Effective date December 3, 2024 － December 4, 2023
    Source of dividend Retained earnings － Retained earnings

    (Note)
    The Company split one share of its common stock into five shares with the effective date of October 1, 2024. The interim dividends for the fiscal year ending March 31, 2025, with the record date of September 30, 2024, will be paid on the basis of the number of shares prior to the share split.

  3. Revision of Year-end Dividend Projections for FY March 2025
    Dividend per share
    Interim Year-end Total
    Previous projections
    (announced on July 30, 2024)    		 60.00 yen 12.00 yen －
    Revised projections － 14.00 yen －
    Results for FY March 2025 70.00 yen － －
    Results for FY March 2024 58.00 yen 58.00 yen 116.00 yen

    (Note)
    The Company split one share of its common stock into five shares with the effective date of October 1, 2024. As for dividend per share for the fiscal year ending March 31, 2025, the interim dividend is the amount prior to the share split while the year-end dividend forecast is the amount after the share split. No annual dividend forecast is provided as the simple total cannot represent the accurate amount due to the effects of the share split. The annual dividend forecast (conversion prior to the share split) was 120.00 yen per share in the previous projections, but due to this revision of dividend projections, it will be 140.00 yen per share.

  4. Reasons for Revision of Projections for Consolidated Financial Results, Dividend of Surplus (Interim) and Year-end Dividend Projections

    Looking at the first half of the fiscal year ending March 31, 2025, while production in the industrial equipment market and the automotive market remained sluggish, production in the ICT market, including that of smartphones and HDDs, remained robust, surpassing the level of the same period of the previous fiscal year. Under such circumstances, the Company’s performance for the first half of FY March 2025 exceeded the projections held on April 26, 2024. In the ICT market, sales of rechargeable batteries and sensors expanded due to the launch of new models of smartphones and other devices. In addition, sales of HDD Heads remained brisk as demand related to data centers, which had been sluggish in the previous fiscal year, recovered significantly. Based on the results achieved during the first half of the fiscal year ending March 31, 2025, we have made an upward revision to the previous projections as mentioned in “1. Revision of Projections for Consolidated Financial Results for FY March 2025” above.
    Furthermore, in light of the current situation, with regard to the interim dividend, the Company determined a further increase of 10 yen per share from the previous projections to 70 yen per share. With regard to the year-end dividend projections, the Company is planning a further increase of 2 yen per share (conversion prior to the share split: increase of 10 yen per share) from the previous projections to 14 yen per share (conversion prior to the share split: 70 yen per share).

    (Note)
    The above projections are based on information currently available to the Company. Due to various factors, actual results may differ from such projections.

Contact for media

Region Contact Phone Mail
Japan Mr. Atsuo OMAGARI TDK Corporation
Tokyo, Japan>		 +81 3 6778-1068 TJP.ir@tdk.com