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.
TDK to Buy Back Own Shares
(Based on Articles of Incorporation in Accordance With Provisions of Article 165-2 of Company Law)
May 15, 2007
TDK Corporation (the "Company") has announced that a Board of Directors meeting held today decided to repurchase some of the Company's shares, as follows, based on the provisions of Article 156 of the Company Law, as modified and applied pursuant to Article 165-3 of this law.
- Reason for buying back own shares
To increase capital efficiency and further increase the level of returns to stockholders.
- Details of buyback
(1) Type of shares to be repurchased TDK Corporation common stock (2) Number of shares to be repurchased Up to 4 million shares
(3.0% of total shares issued)
(3) Total cost Up to ¥44.0 billion (4) Buyback period May 16, 2007 through June 30, 2007
For further information, contact the Corporate Communications Dept.