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Transfer of Subsidiary’s Shares

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.

September 28, 2011

TDK Corporation (“the Company”) has announced that it has decided to transfer all shares of subsidiary TDK Micro Device Corporation (Headquarters: Kitaibaraki City, Ibaraki Prefecture; President: Toshihiko Honma) to Futaba Corporation (Headquarters: Mobara City, Chiba Prefecture; President: Hiroshi Sakurada) following the dissolution of an equity-based business alliance. This move was made as part of efforts to selectively focus on business activities. Details are as follows.

Overview of Subsidiary Being Transferred

(1)	Company	TDK Micro Device Corporation
(2)	Headquarters	644-55 Hitana, Nakago-cho, Kitaibaraki City, Ibaraki Prefecture
(3)	Representative	Toshihiko Honma, President
(4)	Main business	Manufacture and sales of visual display equipment, etc.
(5)	Paid-in capital	100 million yen
(6)	Established	May 17, 1991
(7)	Fiscal year-end	March 31
(8)	Issued shares	16,600 shares
(9)	Shareholders and shareholdings	TDK Corp. 75%, Futaba Corp. 25%

Overview of Share Purchaser

(1)	Company	Futaba Corporation
(2)	Headquarters	629 Oshiba, Mobara City, Chiba Prefecture
(3)	Representative	Hiroshi Sakurada, President
(4)	Main business	Manufacture and sale of electronic components, electronic equipment and tools
(5)	Paid-in capital	22,558 million
(6)	Established	February 3, 1948
(7)	Main shareholders and shareholdings (As of March 31, 2011)	Futaba Denshi Memorial Foundation　7.09% Japan Trustee Services Bank, Ltd. 6.45% Reiji Hosoya　5.98%
(8)	Relationship with TDK Micro Device Corp.	Capital	There has been an equity-based business alliance since October 2009
		Personnel	As above
		Trading	As above

No. of Shares for Transfer and Scheduled Transfer Date
(1) No. of shares to be transferred: 12,450 shares (Shareholding of 75%)
(2) Scheduled transfer date: April 1, 2012
Outlook
This share transfer will have an immaterial impact on TDK’s consolidated operating results for the fiscal year ending March 31, 2012.