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Updated Mar. 24, 2009 |
Notice Regarding Revision of Dividend Projection
for Fiscal 2009
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March 24, 2009
TDK Corporation (the “Company”) hereby announces that at a meeting of the Board of Directors held today, the Company resolved to revise the projection for dividends per common share for fiscal 2009, the year ending March 31, 2009, as follows:
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| 1. |
Reasons for Revision: |
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When TDK released its fiscal 2009 third-quarter operating results on February 9, it announced plans to pay a year-end dividend per common share of 70.0 yen. However, TDK has closely re-examined the impact on fiscal 2009 consolidated operating results of the pronounced decline in capacity utilization caused by a sudden change in the operating environment, structural reforms and other factors. Consequently, TDK has decided to lower the projected year-end dividend per common share to 60.0 yen.
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| 2. |
Details of Revision: |
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Dividends per Common Share for Fiscal 2009 |
| Record date |
Q1-end |
Q2-end |
Q3-end |
Year-end |
Annual |
Previous projections
(announced February 9, 2009) |
- |
70.0 yen |
- |
70.0 yen |
140.0 yen |
| Revised projections |
- |
70.0 yen |
- |
60.0 yen |
130.0 yen |
| Interim dividend paid |
- |
70.0 yen |
- |
- |
- |
(Reference)
Dividends per common share
for the previous fiscal year
(FY2008) |
- |
60.0 yen |
- |
70.0 yen |
130.0 yen |
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For further information, contact Mr. Osuga in the Corporate Communications Dept.
Tel.: 81-3-5201-7102
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[ Cautionary Statements with Respect of Forward-Looking Statements ]
This material contains forward-looking statements, including projections, plans, policies, management strategies, targets, schedules, understandings and evaluations, about TDK and its group companies (TDK Group). These forward-looking statements are based on the current forecasts, estimates, assumptions, plans, beliefs and evaluations of TDK Group in light of information currently available to it, and contain known and unknown risks, uncertainties and other factors. TDK Group therefore wishes to caution readers that, being subject to risks, uncertainties and other factors, TDK Group’s actual results, performance, achievements or financial position could be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements, and TDK Group undertakes no obligation to publicly update or revise any forward-looking statements after the issue of this material except as provided for in applicable laws and ordinances.
The electronics markets in which TDK Group operates are highly susceptible to rapid changes. Risks, uncertainties and other factors that can have significant effects on TDK Group include, but are not limited to, shifts in technology, fluctuations in demand, prices, interest and foreign exchange rates, and changes in economic environments, conditions of competition, laws and regulations.
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