News Center | Press Releases

TDK Revises Projections for Consolidated Financial Results

January 31, 2012

TDK Corporation (“the Company”) today announced revisions to its projected consolidated financial results for the fiscal year ending March 31, 2012 that were announced on October 31, in light of recent business performance. Details of the revisions are as follows.

  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)
    820,000
    (Million yen)
    35,000
    (Million yen)
    30,000
    (Million yen)
    20,000
    (Yen)
    155.03
    Revised projections (B) 800,000 10,000 3,000 (11,000) (85.27)
    Change (B-A) (20,000) (25,000) (27,000) (31,000) -
    % change -2.4% -71.4% -90.0% - -
    Reference: Results for year ended March 31, 2011 875,737 63,842 60,065 45,264 350.90
  2. Reasons for Revisions

    TDK expects sales of main finished products and demand for electronic components used in them in the electronics market to be softer than anticipated in the second half of fiscal 2012. Accordingly, TDK’s orders and capacity utilization rate are expected to remain below the level assumed in TDK’s previous forecast. Furthermore, TDK has decided to implement additional structural reforms due to changes in the company’s business environment. TDK has been implementing structural reforms with the aim of improving its earnings structure. As a result of these additional reforms, TDK expects to book higher structural reform expenses than previously assumed.

    TDK booked income taxes of approximately \12.0 billion, due to the impact of a corporate tax reduction and the special corporation tax for reconstruction, as well as to the reassessment of the recoverability of deferred tax assets.

    • Note: 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.

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

Recommendations

  •  
  •  
  •