TDK Announces Projections of Consolidated Financial Results and Dividends
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.
Jun. 21, 2011
TDK Corporation hereby announces its projections of consolidated financial results and dividends for FY March 2012. These projections, which were not disclosed within the “Consolidated results (U.S. GAAP) for FY March 2011” announced on April 27, 2011, are set forth below.
1. Consolidated Projections for FY March 2012 (April 1, 2011 - March 31, 2012)
| Net Sales | Operating Income | Income Before Income Taxes | Net income attributable to TDK | Net income per common share attributable to TDK | |
| Previous projections (A) |
(million yen) - |
(million yen) - |
(million yen) - |
(million yen) - |
(yen) - |
| Revised projections (B) |
890,000 | 67,000 | 65,000 | 50,000 | 387.61 |
| Change (B-A) | - | - | - | - | |
| % change | - | - | - | - | |
| Reference: Results for FY March 2011 |
875,737 | 63,842 | 60,065 | 45,264 | 350.90 |
2. Basis for Projections
At the time of the April 27 announcement of financial results for FY March 2011, consolidated projections for FY March 2012 were delayed because it was not possible to extrapolate reasonable projections of business performance due to the effects of the Great East Japan Earthquake. However, based on consideration of such factors as the recent market environment and trends in the TDK Group’s business performance, the company determined that projections can be ascertained to a certain degree, hence their disclosure at this time.
- Notes: These projections are based on information available to TDK at this time. Actual business performance may vary as a result of various factors arising in the future. Please note that exchange rates of 80 yen per US dollar and 110 yen per euro were assumed for FY March 2012.
3. Dividend Projections (April 1, 2011 - March 31, 2012)
| Annual Dividend | |||||
| End of 1st Quarter | End of 2nd Quarter | End of 3rd Quarter | Year-End | Total | |
| Previous projection |
(yen) - |
(yen) - |
(yen) - |
(yen) - |
(yen) - |
| Current projection |
- | 40.00 | - | 50.00 | 90.00 |
| Reference: Dividends for FY March 2011 |
- | 40.00 | - | 40.00 * | 80.00 |
- * TDK plans to pay a year-end dividend of ¥40 per common share for previous fiscal year, subject to approval at the ordinary general meeting of shareholders scheduled for June 29, 2011.
4. Basis for Projections
TDK is releasing dividend projections at this time based on its projections of consolidated business performance for FY March 2012 and the company's consideration of factors that include its dividend policies and the business environment.
For further information, contact Mr. Nakanishi in the Corporate Communications Dept.
Tel.: 81-3-6778-1055
