Information contained in the news releases are current as of the date of the press announcement, but may be subject to change without prior notice.
Notice Regarding Revision of Projection for Dividends
for Fiscal Year 2007
March 22, 2007
TDK Corporation (the "Company") hereby announces that at the meeting of the Board of Directors held today, the Company resolved that the projection for dividends per share of common stock for the fiscal year 2007 ending March 31, 2007, is revised as follows:
This resolution will be on an agenda to be resolved at the Ordinary General Meeting of Stockholders, which is scheduled to be held in late June 2007.
- Reasons for Revision:
Returning earnings to shareholders is one of the Company's highest management priorities, and the Company's fundamental policy is to devote its efforts to a stable increase in dividends.
With respect to the year-end dividends per share of common stock for the fiscal year 2007, the Company's initial projection was ¥50 per share at the time when the financial results for the first half of the fiscal year 2007 was announced on October 30, 2006. However, the Company will revise such projections and increase the dividends from ¥50 to ¥60 per share of common stock.
As a result, the Company's projection for total annual dividends will be ¥110 per share, including the interim dividends previously paid on December 4, 2006.
- Details of Revision:
Dividends Per Share for Fiscal Year 2007 (April 1, 2006 to March 31, 2007):
The first half of FY2007
The fiscal year-end Annual Initial projections
(made public on October 30, 2006)
50 yen 50 yen 100 yen Revised projections 50 yen 60 yen 110 yen (Reference)
Dividends per share for the previous fiscal year
40 yen 50 yen 90 yenNote: The interim dividends of ¥50 per share of common stock have already been paid.
For further information, contact the Corporate Communications Dept.