Commission File No. 1-08346
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of July 2008
TDK CORPORATION
(Translation of registrants name into English)
13-1, Nihonbashi 1-chome, Chuo-ku, Tokyo 103-8272, Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover
Form 20-F or Form 40-F.
Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
If Yes is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b): 82-_______
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
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TDK Corporation
(Registrant)
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July 31, 2008
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BY:
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/s/ Seiji Enami
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Seiji Enami
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Director and CFO,
Exective Vice President ,
General Manager of Admistration Group
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TABLE OF CONTENTS
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Press release regarding TDKs Consolidated results for the 1st quarter of FY March 2009
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TDK Corporation
July 31, 2008
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Contact;
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TDK Corporation(Tokyo)
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Corporate Communications Department
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Tatsuhiko Atsumi
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+81(3)5201-7102
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Consolidated results (U.S. GAAP) for the 1st quarter of FY March 2009
Summary
(April 1, 2008 - June 30, 2008)
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Term
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1Q of FY2008
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1Q of FY2009
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Change
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(April 1, 2007 - June 30, 2007)
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(April 1, 2008 - June 30, 2008)
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Item
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(Yen millions)
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%
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(Yen millions)
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%
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(U.S.$ thousands)
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(Yen millions)
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Change(%)
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Net sales
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206,699
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100.0
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190,623
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100.0
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1,798,330
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(16,076
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-7.8
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Operating income
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16,129
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7.8
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5,393
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2.8
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50,877
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(10,736
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-66.6
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Income
before income taxes
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20,181
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9.8
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5,577
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2.9
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52,613
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(14,604
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-72.4
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Net income
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16,022
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7.8
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4,446
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2.3
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41,943
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(11,576
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-72.3
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Per common share:
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Net income / Basic
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Yen 122.07
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Yen 34.48
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U.S.$0.33
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Net income / Diluted
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Yen 121.90
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Yen 34.46
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U.S.$0.33
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Capital expenditures
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22,170
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31,127
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293,651
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8,957
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40.4
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Depreciation and amortization
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16,153
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7.8
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18,398
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9.7
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173,566
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2,245
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13.9
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Research and development
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13,558
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6.6
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13,260
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7.0
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125,094
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(298
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-2.2
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Result of financial income
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2,412
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1,039
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9,802
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(1,373
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-56.9
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Ratio of overseas production
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67.2
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%
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74.0
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%
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Number of employees
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52,640
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62,797
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Average rate for the period
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US$=Yen
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Yen 120.82
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Yen 104.56
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Euro=Yen
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Yen 162.75
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Yen 163.44
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Note:
U.S.$1=Yen 106, for convenience only.
1
TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)
[Summary Information and Financial Statements]
1. Summary Information Regarding Consolidated Business Results
Consolidated results for the first quarter of fiscal 2009, the three-month period from April 1,
2008 to June 30, 2008, were as follows:
The first quarter of fiscal 2009 in the electronics market, which has a large bearing on the TDK
Groups performance, saw a year-on-year rise in production of flat-screen TVs, home game consoles,
notebook PCs, HDDs and mobile phones, in particular. On the other hand, however, demand for
high-performance models of these products, particularly in industrialized nations, tapered off.
Because these high-performance models drive electronic component demand, there was soft demand for
electronic components. This in turn also led to further erosion in prices for electronic
components.
TDK posted consolidated net sales of ¥190,623 million (U.S.$1,798,330 thousand), down 7.8% year on
year from ¥206,699 million in the first quarter of fiscal 2008. Operating income declined 66.6%
from ¥16,129 million to ¥5,393 million (U.S.$50,877 thousand). Income before income taxes declined
72.4% from ¥20,181 million to ¥5,577 million (U.S.$52,613 thousand). Net income declined 72.3% from
¥16,022 million to ¥4,446 million (U.S.$41,943 thousand). Basic net income per common share was
¥34.48 (U.S.$0.33), compared with ¥122.07 in the first quarter of fiscal 2008.
Average first-quarter yen exchange rates for the U.S. dollar and euro were ¥104.56 and ¥163.44,
respectively, as the yen appreciated 13.5% versus the U.S. dollar and depreciated 0.4% against the
euro, compared with the first quarter (April 1 to June 30) of the previous fiscal year. This
lowered net sales by approximately ¥21.5 billion and operating income by approximately ¥6.6
billion.
(Sales by Sector)
TDKs net sales are made up of four product sectors: (1) electronic materials, (2) electronic
devices, (3) recording devices, and (4) others. Recording media sales have dropped sharply due to
the August 2007 transfer of the TDK brand recording media sales business. Because recording media
sales accounted for less than 10% of total net sales in the first quarter of fiscal 2009, these
sales were included in the others sector. Sector sales were as follows.
(1)Electronic materials
This sector is broken down into two product categories: capacitors, and ferrite cores and magnets.
Sales in the electronic materials sector dropped 8.1% from ¥49,703 million to ¥45,671 million
(U.S.$430,859 thousand).
[Capacitors]
Sales decreased year on year. This reflected the impact of lower prices for multilayer
ceramic chip capacitors, the main product in the capacitors category, particularly for use in PCs,
flat-screen TVs and home game consoles. The yens appreciation against the U.S. dollar was another
factor.
[Ferrite cores and magnets]
Sales of ferrite cores and magnets rose slightly year on year, with
higher magnet sales outweighing lower ferrite core sales.
2
TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)
(2)Electronic devices
This sector has three product categories: inductive devices, high-frequency components and other
products.
Sales in the electronic devices sector declined 2.6% from ¥49,981 million to ¥48,675 million
(U.S.$459,198 thousand).
[Inductive devices]
Sales of inductive devices were flat year on year, with higher sales of power
line coils for flat-screen TVs and common-mode filters for the auto market, offsetting lower chip
bead sales.
[High-frequency components]
Sales of high-frequency components increased year on year, the result
mainly of higher sales for PC applications.
[Other products]
Sales of other products were down year on year, with higher sensor and actuator
sales unable to fully compensate for lower power supply sales due to the termination of some
products.
(3)Recording devices
This sector has two product categories: HDD heads and other.
Sector sales increased 2.9% from ¥70,416 million to ¥72,445 million (U.S.$683,443 thousand).
[HDD heads]
Sales decreased year on year. While the TDK Groups HDD head sales volume increased on
the back of higher demand for HDD heads in line with rising HDD unit production, overall sales were
brought down by the impact of price decreases and the yens appreciation against the U.S. dollar.
[Other]
Category sales increased year on year, mainly reflecting the fact that sales of a HDD
suspension assembly business that was made a subsidiary in November 2007 contributed to
first-quarter results for the first time.
(4)Others
This sector includes all products of TDK those in the three sectors above. The main products in the
others sector are recording media, anechoic chambers, mechatronics (production equipment) and
energy devices (rechargeable batteries).
Sector sales declined 34.9% from ¥36,599 million to ¥23,832 million (U.S.$224,830 thousand).
Anechoic chambers, energy devices and other new products recorded higher year-on-year sales.
However, recording media sales fell.
(Sales by Region)
Detailed sales by region can be found in the segment information on page 10.
[Japan]
Overall sales fell, with sales declining in all four sectors of TDK.
[Americas]
Overall sales declined, with sales decreasing in all product sectors except recording
devices.
[Europe]
Sales declined due mainly to lower sales in the recording devices and others.
[Asia (excluding Japan) and other areas]
Sales decreased overall due mainly
to lower sales in the electronic materials and recording devices sectors.
As a result, overseas sales declined 5.7% from ¥167,756 million to ¥158,158 million (U.S.$1,492,057
thousand). Overseas sales accounted for 83.0% of consolidated net sales, a 1.8 percentage point
increase from 81.2% one year earlier.
3
TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)
2. Summary Information Regarding Consolidated Financial Position
(2-1) The following table summarizes TDKs consolidated balance sheet as at June 30, 2008.
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Total assets
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¥991,725 million
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(6.0% increase)
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Total stockholders equity
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¥734,239 million
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(2.5% increase)
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Stockholders equity ratio
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74.0%
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(2.6 percentage point decrease)
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At June 30, 2008, cash and cash equivalents and net property, plant and equipment were ¥19,709
million and ¥30,472 million higher, respectively, than at March 31, 2008. As a result of these
changes, total assets increased by ¥56,192 million compared with March 31, 2008.
Total liabilities increased by ¥38,673 million, mainly reflecting increases of ¥31,446 million in
short-term debt, of ¥5,512 million in accrued expenses and of ¥4,614 million in other current
liabilities.
Total stockholders equity increased by ¥17,662 million compared with March 31, 2008 due mainly to
a ¥22,111 million decrease in accumulated other comprehensive income (loss) and a ¥4,780 million
decrease in retained earnings.
(2-2) Cash Flows
(¥ millions)
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FY2008 1Q
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FY2009 1Q
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Change
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Net cash provided by operating activities
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22,278
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14,247
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(8,031
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Net cash used in investing activities
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(38,512
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(26,255
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12,257
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Net cash provided by (used in) financing activities
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(46,888
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22,355
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69,243
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Effect of exchange rate changes on cash
and cash equivalents
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8,048
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9,362
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1,314
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Net increase (decrease) in cash and cash
equivalents
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(55,074
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19,709
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74,783
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Cash and cash equivalents at beginning of
period
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289,169
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166,105
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(123,064
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Cash and cash equivalents at end of period
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234,095
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185,814
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(48,281
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Operating activities provided net cash of ¥14,247 million (U.S.$134,406 thousand), a year-on-year
decrease of ¥8,031 million. Net income decreased by ¥11,576 million to ¥4,446 million (U.S.$41,943
thousand), while depreciation and amortization increased by ¥2,245 million to ¥18,398 million
(U.S.$173,566 thousand). In changes in assets and liabilities, the decrease in trade receivables
was ¥3,609 million larger, while the increase in inventories was ¥7,542 million less than in the
first quarter of fiscal 2008. Meanwhile, the decrease in trade
payables represented a ¥7,320 million change from the first quarter of fiscal 2008 and the decrease in
accrued expenses was ¥3,559 million more compared with the same period.
Investing activities used net cash of ¥26,255 million (U.S.$247,689 thousand), ¥12,257 million less
than a year earlier. Capital expenditures increased by ¥8,957 million to ¥31,127 million
(U.S.$293,651 thousand) and proceeds from sale and maturity of short-term investments declined by
¥3,860 million year on year. On the other hand, there was a ¥17,839 million decrease in payment for
purchase of short-term investments, a ¥4,155 million increase in proceeds from the sale and
4
TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)
maturity of investments in securities and a ¥2,007 million decrease in payment for purchase of
investments in securities.
Financing activities provided net cash of ¥22,355 million, a ¥69,243 million change from the
¥46,888 million in net cash used in the first quarter of fiscal 2008, which included ¥39,232
million to acquire the Companys treasury stock and ¥7,946 million to pay dividends. In the first
quarter of fiscal 2009, on the other hand, ¥31,379 million was provided by a net increase in
short-term debt, while ¥9,027 million was used to pay dividends.
3. Qualitative Information Regarding Consolidated Projections
[Fiscal 2009 Consolidated Projections]
TDKs projections for consolidated operating results, capital expenditures, depreciation and
amortization, and research and development expenses for fiscal 2009, the year ending March 31,
2009, are as follows.
[Consolidated Projections for Fiscal 2009]
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Term
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July 2008
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April 2008
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Announcement
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FY2008
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Change from
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% change
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Announcement
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FY2009
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(Actual)
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FY2008
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from
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FY2009
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(Forecasts)
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(¥ millions)
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(¥ millions)
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FY2008
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(Forecasts)
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Item
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(¥ millions)
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(¥ millions)
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Net sales
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862,000
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866,285
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(4,285
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|
|
|
-0.5
|
|
|
|
|
880,000
|
|
|
|
Operating income
|
|
|
|
69,000
|
|
|
|
|
87,175
|
|
|
|
|
(18,175
|
)
|
|
|
|
-20.8
|
|
|
|
|
80,000
|
|
|
|
Income before
income taxes
|
|
|
|
73,500
|
|
|
|
|
91,505
|
|
|
|
|
(18,005
|
)
|
|
|
|
-19.7
|
|
|
|
|
85,500
|
|
|
|
Net income
|
|
|
|
55,500
|
|
|
|
|
71,461
|
|
|
|
|
(15,961
|
)
|
|
|
|
-22.3
|
|
|
|
|
65,000
|
|
|
|
[Projections for Capital Expenditures, Depreciation and Amortization, and Research and Development Expenses]
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(¥ millions)
|
|
|
Term
|
|
|
FY2009
|
|
|
FY2008
|
|
|
|
|
|
(Forecasts)
|
|
|
(Actual)
|
|
|
Item
|
|
|
Amount
|
|
|
% of sales
|
|
|
Amount
|
|
|
% of sales
|
|
|
Capital expenditures
|
|
|
|
70,000
|
|
|
|
|
|
|
|
|
|
84,312
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
|
77,000
|
|
|
|
|
8.8
|
|
|
|
|
71,297
|
|
|
|
|
8.2
|
|
|
|
Research and development expenses
|
|
|
|
57,000
|
|
|
|
|
6.5
|
|
|
|
|
57,387
|
|
|
|
|
6.6
|
|
|
|
(Notes)
TDK has revised its projections for the first half of fiscal 2009, based on actual results for the
first quarter and second-quarter projections. However, there has been no change to second-half
projections because of an uncertain outlook for the operating environment.
(Projections for main products are as follows:)
Electronic Materials and Electronic Devices
It is extremely difficult to forecast demand for finished products and electronic components used
in them due to the effects of persistently high resource prices and crude oil as well as fears of
an economic standstill in the U.S. However, TDKs sales plan for electronic materials and
electronic devices is based on a year-on-year positive demand growth forecast for key finished
products such as mobile phones, PCs and flat-screen TVs, which drive the consumer electronics
market.
5
TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)
Recording Devices
Firm growth is forecast for HDD demand also in fiscal 2009. Demand for HDD heads is forecast based
on the assumption of strong projected growth in demand for 2.5-inch HDDs for notebook PCs in
particular.
(Exchange Rate Forecast)
An average yen-U.S. dollar exchange rate of ¥100 is assumed from the second quarter of fiscal 2009.
Cautionary Statements with Respect to 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 Groups 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.
4. Others
In September 2006, the FASB issued Statement of Financial Accounting Standards No. 157 (SFAS
157), Fair Value Measurements. SFAS 157 defines fair value, establishes a framework for
measuring fair value, and expands disclosures about fair value measurements. TDK adopted SFAS 157
on April 1, 2008. The adoption of SFAS 157 has no material effect on TDKs consolidated financial
position and results of operations.
6
5) Balance sheets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
Term
|
|
|
As of June 30, 2008
|
|
|
As of March 31, 2008
|
|
|
Change from
|
|
|
|
|
|
|
|
|
March 31, 2008
|
|
|
|
|
|
(Yen
|
|
|
|
%
|
|
|
|
(U.S.$
|
|
|
(Yen
|
|
|
|
%
|
|
|
|
(Yen
|
|
|
Item
|
|
|
millions)
|
|
|
|
|
|
thousands)
|
|
|
millions)
|
|
|
|
|
|
millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
487,973
|
|
|
|
|
49.2
|
|
|
|
|
4,603,519
|
|
|
|
|
462,820
|
|
|
|
|
49.5
|
|
|
|
|
25,153
|
|
|
|
Cash and cash equivalents
|
|
|
|
185,814
|
|
|
|
|
|
|
|
|
|
1,752,962
|
|
|
|
|
166,105
|
|
|
|
|
|
|
|
|
|
19,709
|
|
|
|
Net trade receivables
|
|
|
|
159,495
|
|
|
|
|
|
|
|
|
|
1,504,670
|
|
|
|
|
157,118
|
|
|
|
|
|
|
|
|
|
2,377
|
|
|
|
Inventories
|
|
|
|
93,897
|
|
|
|
|
|
|
|
|
|
885,821
|
|
|
|
|
88,816
|
|
|
|
|
|
|
|
|
|
5,081
|
|
|
|
Other current assets
|
|
|
|
48,767
|
|
|
|
|
|
|
|
|
|
460,066
|
|
|
|
|
50,781
|
|
|
|
|
|
|
|
|
|
(2,014
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncurrent assets
|
|
|
|
503,752
|
|
|
|
|
50.8
|
|
|
|
|
4,752,377
|
|
|
|
|
472,713
|
|
|
|
|
50.5
|
|
|
|
|
31,039
|
|
|
|
Investments in securities
|
|
|
|
68,464
|
|
|
|
|
|
|
|
|
|
645,887
|
|
|
|
|
68,714
|
|
|
|
|
|
|
|
|
|
(250
|
)
|
|
|
Net property, plant and equipment
|
|
|
|
297,621
|
|
|
|
|
|
|
|
|
|
2,807,745
|
|
|
|
|
267,149
|
|
|
|
|
|
|
|
|
|
30,472
|
|
|
|
Other assets
|
|
|
|
137,667
|
|
|
|
|
|
|
|
|
|
1,298,745
|
|
|
|
|
136,850
|
|
|
|
|
|
|
|
|
|
817
|
|
|
|
TOTAL
|
|
|
|
991,725
|
|
|
|
|
100.0
|
|
|
|
|
9,355,896
|
|
|
|
|
935,533
|
|
|
|
|
100.0
|
|
|
|
|
56,192
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS EQUITY
|
|
|
Term
|
|
|
As of June 30, 2008
|
|
|
As of March 31, 2008
|
|
|
Change from
|
|
|
|
|
|
|
|
|
March 31, 2008
|
|
|
|
|
|
(Yen
|
|
|
|
%
|
|
|
|
(U.S.$
|
|
|
(Yen
|
|
|
|
%
|
|
|
|
(Yen
|
|
|
Item
|
|
|
millions)
|
|
|
|
|
|
thousands)
|
|
|
millions)
|
|
|
|
|
|
millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities
|
|
|
|
199,524
|
|
|
|
|
20.1
|
|
|
|
|
1,882,302
|
|
|
|
|
161,961
|
|
|
|
|
17.3
|
|
|
|
|
37,563
|
|
|
|
Short-term debt
|
|
|
|
40,344
|
|
|
|
|
|
|
|
|
|
380,604
|
|
|
|
|
8,898
|
|
|
|
|
|
|
|
|
|
31,446
|
|
|
|
Current installments of long-term debt
|
|
|
|
291
|
|
|
|
|
|
|
|
|
|
2,745
|
|
|
|
|
294
|
|
|
|
|
|
|
|
|
|
(3
|
)
|
|
|
Trade payables
|
|
|
|
78,445
|
|
|
|
|
|
|
|
|
|
740,047
|
|
|
|
|
76,391
|
|
|
|
|
|
|
|
|
|
2,054
|
|
|
|
Accrued expenses
|
|
|
|
69,346
|
|
|
|
|
|
|
|
|
|
654,208
|
|
|
|
|
63,834
|
|
|
|
|
|
|
|
|
|
5,512
|
|
|
|
Income taxes payables
|
|
|
|
1,600
|
|
|
|
|
|
|
|
|
|
15,094
|
|
|
|
|
7,660
|
|
|
|
|
|
|
|
|
|
(6,060
|
)
|
|
|
Other current liabilities
|
|
|
|
9,498
|
|
|
|
|
|
|
|
|
|
89,604
|
|
|
|
|
4,884
|
|
|
|
|
|
|
|
|
|
4,614
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noncurrent liabilities
|
|
|
|
54,421
|
|
|
|
|
5.5
|
|
|
|
|
513,406
|
|
|
|
|
53,311
|
|
|
|
|
5.7
|
|
|
|
|
1,110
|
|
|
|
Long-term debt,
excluding current installments
|
|
|
|
182
|
|
|
|
|
|
|
|
|
|
1,717
|
|
|
|
|
152
|
|
|
|
|
|
|
|
|
|
30
|
|
|
|
Retirement and severance benefits
|
|
|
|
34,543
|
|
|
|
|
|
|
|
|
|
325,878
|
|
|
|
|
33,990
|
|
|
|
|
|
|
|
|
|
553
|
|
|
|
Deferred income taxes
|
|
|
|
6,148
|
|
|
|
|
|
|
|
|
|
58,000
|
|
|
|
|
5,998
|
|
|
|
|
|
|
|
|
|
150
|
|
|
|
Other noncurrent liabilities
|
|
|
|
13,548
|
|
|
|
|
|
|
|
|
|
127,811
|
|
|
|
|
13,171
|
|
|
|
|
|
|
|
|
|
377
|
|
|
|
Total liabilities
|
|
|
|
253,945
|
|
|
|
|
25.6
|
|
|
|
|
2,395,708
|
|
|
|
|
215,272
|
|
|
|
|
23.0
|
|
|
|
|
38,673
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Minority interests
|
|
|
|
3,541
|
|
|
|
|
0.4
|
|
|
|
|
33,405
|
|
|
|
|
3,684
|
|
|
|
|
0.4
|
|
|
|
|
(143
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common stock
|
|
|
|
32,641
|
|
|
|
|
|
|
|
|
|
307,934
|
|
|
|
|
32,641
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Additional paid-in capital
|
|
|
|
63,935
|
|
|
|
|
|
|
|
|
|
603,160
|
|
|
|
|
63,887
|
|
|
|
|
|
|
|
|
|
48
|
|
|
|
Legal reserve
|
|
|
|
19,644
|
|
|
|
|
|
|
|
|
|
185,321
|
|
|
|
|
19,510
|
|
|
|
|
|
|
|
|
|
134
|
|
|
|
Retained earnings
|
|
|
|
683,939
|
|
|
|
|
|
|
|
|
|
6,452,255
|
|
|
|
|
688,719
|
|
|
|
|
|
|
|
|
|
(4,780
|
)
|
|
|
Accumulated
other comprehensive income (loss)
|
|
|
|
(59,472
|
)
|
|
|
|
|
|
|
|
|
(561,057
|
)
|
|
|
|
(81,583
|
)
|
|
|
|
|
|
|
|
|
22,111
|
|
|
|
Treasury stock
|
|
|
|
(6,448
|
)
|
|
|
|
|
|
|
|
|
(60,830
|
)
|
|
|
|
(6,597
|
)
|
|
|
|
|
|
|
|
|
149
|
|
|
|
Total stockholders equity
|
|
|
|
734,239
|
|
|
|
|
74.0
|
|
|
|
|
6,926,783
|
|
|
|
|
716,577
|
|
|
|
|
76.6
|
|
|
|
|
17,662
|
|
|
|
TOTAL
|
|
|
|
991,725
|
|
|
|
|
100.0
|
|
|
|
|
9,355,896
|
|
|
|
|
935,533
|
|
|
|
|
100.0
|
|
|
|
|
56,192
|
|
|
|
Note:
U.S.$1=Yen 106, for convenience only.
7
TDK
Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)
6) Statements of income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term
|
|
|
1Q of FY2008
|
|
|
1Q of FY2009
|
|
|
|
|
|
|
|
|
(April 1, 2007 -
|
|
|
(April 1,2008 -
|
|
|
Change
|
|
|
|
|
|
June 30, 2007)
|
|
|
June 30,2008)
|
|
|
|
|
|
|
|
|
(Yen
|
|
|
|
%
|
|
|
|
(Yen
|
|
|
|
%
|
|
|
|
(U.S.$
|
|
|
(Yen
|
|
|
Change(%)
|
|
|
Item
|
|
|
millions)
|
|
|
|
|
millions)
|
|
|
|
|
thousands)
|
|
|
millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
|
|
206,699
|
|
|
|
|
100.0
|
|
|
|
|
190,623
|
|
|
|
|
100.0
|
|
|
|
|
1,798,330
|
|
|
|
|
(16,076
|
)
|
|
|
|
-7.8
|
|
|
|
Cost of sales
|
|
|
|
150,632
|
|
|
|
|
72.9
|
|
|
|
|
148,415
|
|
|
|
|
77.9
|
|
|
|
|
1,400,142
|
|
|
|
|
(2,217
|
)
|
|
|
|
-1.5
|
|
|
|
Gross profit
|
|
|
|
56,067
|
|
|
|
|
27.1
|
|
|
|
|
42,208
|
|
|
|
|
22.1
|
|
|
|
|
398,188
|
|
|
|
|
(13,859
|
)
|
|
|
|
-24.7
|
|
|
|
Selling, general and administrative expenses
|
|
|
|
39,938
|
|
|
|
|
19.3
|
|
|
|
|
36,815
|
|
|
|
|
19.3
|
|
|
|
|
347,311
|
|
|
|
|
(3,123
|
)
|
|
|
|
-7.8
|
|
|
|
Operating income
|
|
|
|
16,129
|
|
|
|
|
7.8
|
|
|
|
|
5,393
|
|
|
|
|
2.8
|
|
|
|
|
50,877
|
|
|
|
|
(10,736
|
)
|
|
|
|
-66.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income (deductions):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and dividend income
|
|
|
|
2,440
|
|
|
|
|
|
|
|
|
|
1,118
|
|
|
|
|
|
|
|
|
|
10,547
|
|
|
|
|
(1,322
|
)
|
|
|
|
|
|
|
|
Interest expense
|
|
|
|
(28
|
)
|
|
|
|
|
|
|
|
|
(79
|
)
|
|
|
|
|
|
|
|
|
(745
|
)
|
|
|
|
(51
|
)
|
|
|
|
|
|
|
|
Foreign exchange gain (loss)
|
|
|
|
1,635
|
|
|
|
|
|
|
|
|
|
(698
|
)
|
|
|
|
|
|
|
|
|
(6,585
|
)
|
|
|
|
(2,333
|
)
|
|
|
|
|
|
|
|
Other-net
|
|
|
|
5
|
|
|
|
|
|
|
|
|
|
(157
|
)
|
|
|
|
|
|
|
|
|
(1,481
|
)
|
|
|
|
(162
|
)
|
|
|
|
|
|
|
|
Total other income (deductions)
|
|
|
|
4,052
|
|
|
|
|
2.0
|
|
|
|
|
184
|
|
|
|
|
0.1
|
|
|
|
|
1,736
|
|
|
|
|
(3,868
|
)
|
|
|
|
-95.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before income taxes
|
|
|
|
20,181
|
|
|
|
|
9.8
|
|
|
|
|
5,577
|
|
|
|
|
2.9
|
|
|
|
|
52,613
|
|
|
|
|
(14,604
|
)
|
|
|
|
-72.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income taxes
|
|
|
|
4,051
|
|
|
|
|
2.0
|
|
|
|
|
1,340
|
|
|
|
|
0.7
|
|
|
|
|
12,642
|
|
|
|
|
(2,711
|
)
|
|
|
|
-66.9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income before minority interests
|
|
|
|
16,130
|
|
|
|
|
7.8
|
|
|
|
|
4,237
|
|
|
|
|
2.2
|
|
|
|
|
39,971
|
|
|
|
|
(11,893
|
)
|
|
|
|
-73.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Minority interests
|
|
|
|
108
|
|
|
|
|
0.0
|
|
|
|
|
(209
|
)
|
|
|
|
-0.1
|
|
|
|
|
(1,972
|
)
|
|
|
|
(317
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
|
|
16,022
|
|
|
|
|
7.8
|
|
|
|
|
4,446
|
|
|
|
|
2.3
|
|
|
|
|
41,943
|
|
|
|
|
(11,576
|
)
|
|
|
|
-72.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Note:
U.S.$1=Yen 106, for convenience only.
8
TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)
7) Statements of cash flows
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term
|
|
|
1Q of FY2008
|
|
|
1Q of FY2009
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(April 1, 2007 -
June 30, 2007)
|
|
|
(April 1, 2008 - June 30, 2008)
|
|
|
Item
|
|
|
(Yen millions)
|
|
|
(Yen millions)
|
|
|
(U.S.$ thousands)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
|
|
16,022
|
|
|
|
|
4,446
|
|
|
|
|
41,943
|
|
|
|
Adjustments to reconcile net income to
net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
|
16,153
|
|
|
|
|
18,398
|
|
|
|
|
173,566
|
|
|
|
Changes in assets and liabilities,
net of effects of acquisition of businesses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Decrease (increase) in trade receivables
|
|
|
|
2,737
|
|
|
|
|
6,346
|
|
|
|
|
59,868
|
|
|
|
Decrease (increase) in inventories
|
|
|
|
(10,374
|
)
|
|
|
|
(2,832
|
)
|
|
|
|
(26,717
|
)
|
|
|
Increase (decrease) in trade payables
|
|
|
|
3,077
|
|
|
|
|
(4,243
|
)
|
|
|
|
(40,028
|
)
|
|
|
Increase (decrease) in accrued expenses
|
|
|
|
(3,565
|
)
|
|
|
|
(7,124
|
)
|
|
|
|
(67,208
|
)
|
|
|
Increase (decrease) in changes in other assets and liabilities, net
|
|
|
|
(3,200
|
)
|
|
|
|
(2,223
|
)
|
|
|
|
(20,972
|
)
|
|
|
Other-net
|
|
|
|
1,428
|
|
|
|
|
1,479
|
|
|
|
|
13,954
|
|
|
|
Net cash provided by operating activities
|
|
|
|
22,278
|
|
|
|
|
14,247
|
|
|
|
|
134,406
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures
|
|
|
|
(22,170
|
)
|
|
|
|
(31,127
|
)
|
|
|
|
(293,651
|
)
|
|
|
Proceeds from sale and maturity of short-tem investments
|
|
|
|
5,025
|
|
|
|
|
1,165
|
|
|
|
|
10,990
|
|
|
|
Payment for purchase of short-term investments
|
|
|
|
(18,853
|
)
|
|
|
|
(1,014
|
)
|
|
|
|
(9,566
|
)
|
|
|
Proceeds from sale and maturity of investments in securities
|
|
|
|
|
|
|
|
|
4,155
|
|
|
|
|
39,198
|
|
|
|
Payment for purchase of investments in securities
|
|
|
|
(2,793
|
)
|
|
|
|
(786
|
)
|
|
|
|
(7,415
|
)
|
|
|
Other-net
|
|
|
|
279
|
|
|
|
|
1,352
|
|
|
|
|
12,755
|
|
|
|
Net cash used in investing activities
|
|
|
|
(38,512
|
)
|
|
|
|
(26,255
|
)
|
|
|
|
(247,689
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repayment of long-term debt
|
|
|
|
(116
|
)
|
|
|
|
(81
|
)
|
|
|
|
(764
|
)
|
|
|
Increase (decrease) in short-term debt, net
|
|
|
|
(324
|
)
|
|
|
|
31,379
|
|
|
|
|
296,028
|
|
|
|
Cash paid to acquire treasury stock
|
|
|
|
(39,232
|
)
|
|
|
|
(2
|
)
|
|
|
|
(19
|
)
|
|
|
Dividends paid
|
|
|
|
(7,946
|
)
|
|
|
|
(9,027
|
)
|
|
|
|
(85,160
|
)
|
|
|
Other-net
|
|
|
|
730
|
|
|
|
|
86
|
|
|
|
|
811
|
|
|
|
Net cash provided by (used in) financing activities
|
|
|
|
(46,888
|
)
|
|
|
|
22,355
|
|
|
|
|
210,896
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rate changes on cash and cash equivalents
|
|
|
|
8,048
|
|
|
|
|
9,362
|
|
|
|
|
88,321
|
|
|
|
Net increase (decrease) in cash and cash equivalents
|
|
|
|
(55,074
|
)
|
|
|
|
19,709
|
|
|
|
|
185,934
|
|
|
|
Cash and cash equivalents at beginning of period
|
|
|
|
289,169
|
|
|
|
|
166,105
|
|
|
|
|
1,567,028
|
|
|
|
Cash and cash equivalents at end of period
|
|
|
|
234,095
|
|
|
|
|
185,814
|
|
|
|
|
1,752,962
|
|
|
Notes:
U.S.$1=Yen 106, for convenience only.
9
TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)
8) Segment Information
1. Industry segment information
|
|
Recording media sales have dropped sharply due to the August 2007 transfer of the TDK brand recording media sales business and as a result these sales now account for less than 10% of total net sales. Because the electronic materials and components segment
accounted for more than 90% of total net sales and operating income, segment information has been omitted.
|
2. Geographic segment information
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term
|
|
|
|
|
|
1Q of FY2008
|
|
|
1Q of FY2009
|
|
|
|
|
|
|
|
|
|
|
|
(April 1, 2007 -
|
|
|
(April 1, 2008 -
|
|
|
Change
|
|
|
|
|
|
|
|
|
June 30, 2007)
|
|
|
June 30, 2008)
|
|
|
|
|
|
|
|
|
Region
|
|
|
|
|
|
(Yen millions)
|
|
|
%
|
|
|
(Yen millions)
|
|
|
%
|
|
|
(U.S.$ thousands)
|
|
|
(Yen millions)
|
|
|
Change(%)
|
|
|
Japan
|
|
|
Net sales
|
|
|
|
99,785
|
|
|
|
|
100.0
|
|
|
|
|
84,062
|
|
|
|
|
100.0
|
|
|
|
|
793,038
|
|
|
|
|
(15,723
|
)
|
|
|
|
-15.8
|
|
|
|
|
|
Operating income (loss)
|
|
|
|
9,454
|
|
|
|
|
9.5
|
|
|
|
|
(1,772
|
)
|
|
|
|
-2.1
|
|
|
|
|
(16,717
|
)
|
|
|
|
(11,226
|
)
|
|
|
|
|
|
|
|
Americas
|
|
|
Net sales
|
|
|
|
27,212
|
|
|
|
|
100.0
|
|
|
|
|
21,862
|
|
|
|
|
100.0
|
|
|
|
|
206,245
|
|
|
|
|
(5,350
|
)
|
|
|
|
-19.7
|
|
|
|
|
|
Operating income
|
|
|
|
621
|
|
|
|
|
2.3
|
|
|
|
|
1,127
|
|
|
|
|
5.2
|
|
|
|
|
10,632
|
|
|
|
|
506
|
|
|
|
|
81.5
|
|
|
|
Europe
|
|
|
Net sales
|
|
|
|
18,318
|
|
|
|
|
100.0
|
|
|
|
|
10,756
|
|
|
|
|
100.0
|
|
|
|
|
101,472
|
|
|
|
|
(7,562
|
)
|
|
|
|
-41.3
|
|
|
|
|
|
Operating income (loss)
|
|
|
|
(498
|
)
|
|
|
|
-2.7
|
|
|
|
|
12
|
|
|
|
|
0.1
|
|
|
|
|
113
|
|
|
|
|
510
|
|
|
|
|
|
|
|
|
Asia and
|
|
|
Net sales
|
|
|
|
142,860
|
|
|
|
|
100.0
|
|
|
|
|
141,994
|
|
|
|
|
100.0
|
|
|
|
|
1,339,566
|
|
|
|
|
(866
|
)
|
|
|
|
-0.6
|
|
|
|
others
|
|
|
Operating income
|
|
|
|
6,600
|
|
|
|
|
4.6
|
|
|
|
|
6,940
|
|
|
|
|
4.9
|
|
|
|
|
65,472
|
|
|
|
|
340
|
|
|
|
|
5.2
|
|
|
|
Intersegment
|
|
|
Net sales
|
|
|
|
81,476
|
|
|
|
|
|
|
|
|
|
68,051
|
|
|
|
|
|
|
|
|
|
641,991
|
|
|
|
|
(13,425
|
)
|
|
|
|
|
|
|
|
eliminations
|
|
|
Operating income
|
|
|
|
48
|
|
|
|
|
|
|
|
|
|
914
|
|
|
|
|
|
|
|
|
|
8,623
|
|
|
|
|
866
|
|
|
|
|
|
|
|
|
Total
|
|
|
Net sales
|
|
|
|
206,699
|
|
|
|
|
100.0
|
|
|
|
|
190,623
|
|
|
|
|
100.0
|
|
|
|
|
1,798,330
|
|
|
|
|
(16,076
|
)
|
|
|
|
-7.8
|
|
|
|
|
|
Operating income
|
|
|
|
16,129
|
|
|
|
|
7.8
|
|
|
|
|
5,393
|
|
|
|
|
2.8
|
|
|
|
|
50,877
|
|
|
|
|
(10,736
|
)
|
|
|
|
-66.6
|
|
|
|
|
|
Notes:
1. Net sales in each geographic area are based on the location of TDK entities where the sales are generated.
2. U.S.$1=Yen 106, for convenience only.
3. Sales by region
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term
|
|
|
1Q of FY2008
|
|
|
1Q of FY2009
|
|
|
|
|
|
|
|
|
(April 1, 2007 -
|
|
|
(April 1, 2008 -
|
|
|
Change
|
|
|
|
|
|
June 30, 2007)
|
|
|
June 30, 2008)
|
|
|
|
|
|
|
|
|
Region
|
|
|
(Yen millions)
|
|
|
%
|
|
|
(Yen millions)
|
|
|
%
|
|
|
(U.S.$ thousands)
|
|
|
(Yen millions)
|
|
|
Change(%)
|
|
|
Americas
|
|
|
|
24,735
|
|
|
|
|
12.0
|
|
|
|
|
22,590
|
|
|
|
|
11.9
|
|
|
|
|
213,113
|
|
|
|
|
(2,145
|
)
|
|
|
|
-8.7
|
|
|
|
Europe
|
|
|
|
18,010
|
|
|
|
|
8.7
|
|
|
|
|
12,151
|
|
|
|
|
6.4
|
|
|
|
|
114,632
|
|
|
|
|
(5,859
|
)
|
|
|
|
-32.5
|
|
|
|
Asia and others
|
|
|
|
125,011
|
|
|
|
|
60.5
|
|
|
|
|
123,417
|
|
|
|
|
64.7
|
|
|
|
|
1,164,312
|
|
|
|
|
(1,594
|
)
|
|
|
|
-1.3
|
|
|
|
Overseas sales total
|
|
|
|
167,756
|
|
|
|
|
81.2
|
|
|
|
|
158,158
|
|
|
|
|
83.0
|
|
|
|
|
1,492,057
|
|
|
|
|
(9,598
|
)
|
|
|
|
-5.7
|
|
|
|
Japan
|
|
|
|
38,943
|
|
|
|
|
18.8
|
|
|
|
|
32,465
|
|
|
|
|
17.0
|
|
|
|
|
306,273
|
|
|
|
|
(6,478
|
)
|
|
|
|
-16.6
|
|
|
|
Net sales
|
|
|
|
206,699
|
|
|
|
|
100.0
|
|
|
|
|
190,623
|
|
|
|
|
100.0
|
|
|
|
|
1,798,330
|
|
|
|
|
(16,076
|
)
|
|
|
|
-7.8
|
|
|
|
|
|
Notes:
1. Overseas sales are based on the location of the customers.
2. U.S.$1=Yen 106, for convenience only.
10
TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)
9) Supplementary Information (Consolidated)
Exchange rates used for conversion
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term
|
|
|
1Q of FY2008
|
|
|
1Q of FY2009
|
|
|
FY 2008
|
|
|
|
|
|
April 1, 2007 -
|
|
|
April 1, 2008 -
|
|
|
April 1, 2007 -
|
|
|
|
|
|
June 30, 2007
|
|
|
June 30, 2008
|
|
|
March 31, 2008
|
|
|
Item
|
|
|
US$=Yen
|
|
|
Euro=Yen
|
|
|
US$=Yen
|
|
|
Euro=Yen
|
|
|
US$=Yen
|
|
|
Euro=Yen
|
|
|
Average rate for the period
|
|
|
|
120.82
|
|
|
|
|
162.75
|
|
|
|
|
104.56
|
|
|
|
|
163.44
|
|
|
|
|
114.44
|
|
|
|
|
161.59
|
|
|
|
The end of the period
|
|
|
|
123.26
|
|
|
|
|
165.64
|
|
|
|
|
106.42
|
|
|
|
|
168.07
|
|
|
|
|
100.19
|
|
|
|
|
158.19
|
|
|
|
|
|
Sales breakdown
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term
|
|
|
1Q of FY2008
|
|
|
1Q of FY2009
|
|
|
Change
|
|
|
|
|
|
(April 1, 2007 - June 30, 2007)
|
|
|
(April 1, 2008 - June 30, 2008)
|
|
|
|
|
|
|
|
Amount
|
|
|
Ratio to
|
|
|
Amount
|
|
|
Ratio to
|
|
|
Amount
|
|
|
|
|
|
|
|
|
Product
|
|
|
(Yen millions)
|
|
|
sales (%)
|
|
|
(Yen millions)
|
|
|
sales (%)
|
|
|
(U.S.$ thousands)
|
|
|
(Yen millions)
|
|
|
Change(%)
|
|
|
Electronic materials
|
|
|
|
49,703
|
|
|
|
|
24.0
|
|
|
|
|
45,671
|
|
|
|
|
24.0
|
|
|
|
|
430,859
|
|
|
|
|
(4,032
|
)
|
|
|
|
-8.1
|
|
|
|
Electronic devices
|
|
|
|
49,981
|
|
|
|
|
24.2
|
|
|
|
|
48,675
|
|
|
|
|
25.5
|
|
|
|
|
459,198
|
|
|
|
|
(1,306
|
)
|
|
|
|
-2.6
|
|
|
|
Recording devices
|
|
|
|
70,416
|
|
|
|
|
34.1
|
|
|
|
|
72,445
|
|
|
|
|
38.0
|
|
|
|
|
683,443
|
|
|
|
|
2,029
|
|
|
|
|
2.9
|
|
|
|
Others
|
|
|
|
36,599
|
|
|
|
|
17.7
|
|
|
|
|
23,832
|
|
|
|
|
12.5
|
|
|
|
|
224,830
|
|
|
|
|
(12,767
|
)
|
|
|
|
-34.9
|
|
|
|
Total sales
|
|
|
|
206,699
|
|
|
|
|
100.0
|
|
|
|
|
190,623
|
|
|
|
|
100.0
|
|
|
|
|
1,798,330
|
|
|
|
|
(16,076
|
)
|
|
|
|
-7.8
|
|
|
|
Overseas sales
|
|
|
|
167,756
|
|
|
|
|
81.2
|
|
|
|
|
158,158
|
|
|
|
|
83.0
|
|
|
|
|
1,492,057
|
|
|
|
|
(9,598
|
)
|
|
|
|
-5.7
|
|
|
|
|
|
Note:
Recording media results are now included in the others sector.
Overseas sales by division
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Term
|
|
|
1Q of FY2008
|
|
|
1Q of FY2009
|
|
|
|
|
|
|
|
|
April 1, 2007 -
|
|
|
April 1, 2008 -
|
|
|
|
|
|
|
|
|
June 30, 2007
|
|
|
June 30, 2008
|
|
|
Change(%)
|
|
|
|
|
|
Amount
|
|
|
Ratio to
|
|
|
Amount
|
|
|
Ratio to
|
|
|
|
|
|
Product
|
|
|
(Yen millions)
|
|
|
sales (%)
|
|
|
(Yen millions)
|
|
|
sales (%)
|
|
|
|
|
|
Electronic materials
|
|
|
|
37,436
|
|
|
|
|
18.1
|
|
|
|
|
33,899
|
|
|
|
|
17.8
|
|
|
|
|
-9.4
|
|
|
|
Electronic devices
|
|
|
|
33,351
|
|
|
|
|
16.2
|
|
|
|
|
33,645
|
|
|
|
|
17.7
|
|
|
|
|
0.9
|
|
|
|
Recording devices
|
|
|
|
69,640
|
|
|
|
|
33.7
|
|
|
|
|
71,860
|
|
|
|
|
37.7
|
|
|
|
|
3.2
|
|
|
|
Others
|
|
|
|
27,329
|
|
|
|
|
13.2
|
|
|
|
|
18,754
|
|
|
|
|
9.8
|
|
|
|
|
-31.4
|
|
|
|
Overseas sales
|
|
|
|
167,756
|
|
|
|
|
81.2
|
|
|
|
|
158,158
|
|
|
|
|
83.0
|
|
|
|
|
-5.7
|
|
|
|
|
|
Note:
Recording media results are now included in the others sector.
Company group
As of June 30, 2008, TDK had 93 subsidiaries (18 in Japan and 75 overseas).
TDK also had 7 affiliates (4 in Japan and 3 overseas) whose financial statements are accounted for by the equity method.
11
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