TDK wins Award for Excellence at the NIKKEI Integrated Report Award 2024

• TDK has received the Award for Excellence at the NIKKEI Integrated Report Award for the third consecutive year
• TDK was selected as One of the Excellent Integrated Reports and One of the Most-improved Integrated Reports by the GPIF's Domestic Equity Managers

TDK Corporation (TSE:6762) announces that TDK has received the Award for Excellence at the NIKKEI Integrated Report Awards 2024. This is the third consecutive year that TDK has received this award.

The report conveys the company’s stance on how a highly diverse TDK United team members are can accelerate the transformation of TDK itself and enhance corporate value so that TDK can continue to contribute to the transformation of society through its business.

In awarding this year's prize, the following points were taken into evaluation by the judges:

• Long-term Vision and a new Medium-term Plan were included in this year's report, which clarified the business strategy and materiality, and improved the balance between financial and pre-financial aspects of the company's operations.
• Long-term Vision, “TDK Transformation,” was established as the axis of the report, and the details were developed by incorporating this, making it easy-to-understand the story.

For the "Excellent Integrated Reports," TDK received 3 votes, and for the “Most-improved Integrated Reports”, TDK received 2 votes, by asset managers entrusted with domestic equity investment of the Government Pension Investment Fund (GPIF).

TDK continues to place importance on active information disclosure and mutual communication with stakeholders in order to enhance its corporate value.

TDK’s Integrated Report 2024 can be downloaded on the TDK website.
https://www.tdk.com/system/files/integrated_report_pdf_2024_en.pdf

Nikkei Integrated Report Award

Nikkei, Inc. has organized the NIKKEI Annual Report Award since 1998, with the aim of further enhancing and promoting annual reports published by Japanese companies. In recent years, these reports have evolved and expanded to include non-financial information such as ESG and explanations of corporate values, and these new "integrated reports" are attracting considerable attention. In response to this, the award was renamed to the NIKKEI Integrated Report Award in 2021, the judging criteria were made multi-layered and expanded upon, and the award categories were reorganized and enlarged.

The award in this year received a record number of 496 applications from companies and organizations, and each award was selected after a review by fund managers, analysts and academic experts.

More details about the awards can be found at the website below.
https://ps.nikkei.com/nira/index.html

Excellent Integrated Reports and Most-improved Integrated Reports selected by GPIF’s asset managers entrusted with domestic equity investment

The GPIF requested external asset managers to each nominate up to 10 companies, and the results of the survey were compiled into two lists, comprised of 78 and 93 companies selected for creating excellent integrated reports and most improved integrated reports, respectively.

GPIF
https://www.gpif.go.jp/en/

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 2024, TDK posted total sales of USD 14.6 billion and employed about 101,000 people worldwide.

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• Press release (pdf: 164 KB)

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