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TDK to Cancel Treasury Stock

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TDK to Cancel Treasury Stock
(Cancellation of treasury stock based on Article 178 of the Company Law of Japan)

http://www.global.tdk.com/news_center/pressTDK Press Release

July 31, 2007

TDK Corporation (the "Company") has announced that a Board of Directors meeting held today decided to cancel treasury stock pursuant to Article 178 of the Company Law, as follows.

  1. Type of shares to be cancelled
    TDK common stock
  2. Number of shares to be cancelled
    3,599,000 shares
    (Percentage of total shares issued before cancellation:
      2.70%)
  3. Scheduled cancellation date
    August 10, 2007

(Reference)
Total number of TDK shares issued after cancellation: 129,590,659
Number of treasury stock (estimated) after cancellation: 647,775
(The above estimate is calculated based on the number of treasury stock as of June 30, 2007)

For further information, contact the Corporate Communications Dept.
Tel.: 81-3-6778-1055
E-mail: TDK.PR@tdk.com