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.
February 27, 2008
TDK Corporation (the "Company") hereby announces that at the meeting of the Board of Directors held today, the Company resolved to revise the projection for dividends per common share for fiscal 2008, the year ending March 31, 2008, as follows:
This resolution will be put to the Ordinary General Meeting of Stockholders, which is scheduled to be held in late June 2008.
- Reasons for Revision:
Returning earnings to stockholders 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.
Although there are uncertainties regarding business results due to future economic trends, exchange rates and other factors, the Company has raised its year-end dividend projection of ¥60 per share announced on January 31, 2008 by ¥10 to ¥70 per common share in accordance with the aforementioned policy.
As a result, the Company's projection for total annual dividends is now ¥130 per share, including the ¥60 interim dividend previously paid on December 6, 2007.
- Details of Revision:
Dividends per Share for Fiscal 2008 (April 1, 2007 to March 31, 2008):
Record date FY2008 interim period end
FY2008 fiscal year-end Annual Previous projections
(announced January 31, 2008)
N/A 60 yen 120 yen Revised projections N/A 70 yen 130 yen Interim dividend paid 60 yen N/A N/A (Reference)
Dividends per share for the previous fiscal year
50 yen 60 yen 110 yen
For further information, contact the Corporate Communications Dept.