Financial Data Net sales Overseas sales Operating income and ratio to net sales (Billions of yen) (Billions of yen) (Billions of yen, %) 1,000 1,000 100 12 750 750 75 9 500 500 50 6 250 250 25 3 0 0 0 04 05 06 07 08 04 05 06 07 0 08 04 ■ Electronic materials and components ■ Recording media 05 06 07 08 ■ Operating income (left scale) Ratio to net sales (right scale) Net income Capital expenditures Research and development (Billions of yen) (Billions of yen) (Billions of yen) 80 100 60 60 75 45 40 50 30 20 25 15 0 0 04 05 06 07 08 0 04 05 06 07 08 04 05 06 07 08 Millions of yen 2008 2007 2006 2005 2004 Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥866,285 862,025 795,180 657,853 655,792 Electronic materials and components . . . . . . . . . . . . . . . . . . . 818,115 758,821 687,750 545,214 519,792 Recording media . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48,170 103,204 107,430 112,639 136,000 Overseas sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥714,172 690,673 621,522 473,828 487,169 ¥ 87,175 79,590 60,523 59,830 56,510 Years ended March 31 or as of March 31 Operating income and ratio to net sales Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.2 7.6 9.1 8.6 Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 71,461 70,125 44,101 33,300 42,101 Capital expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 84,312 70,440 73,911 61,005 44,471 Research and development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 57,387 50,058 45,528 36,348 32,948 Ratio to net sales (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 TDK Corporation • Annual Review 2008 10.1% Net cash flows Total assets and stockholders’ equity ratio (Billions of yen, %) (Billions of yen) 150 1,000 100 750 75 500 50 Return on total assets and return on equity (%) 10 8 100 6 4 50 25 250 0 0 0 04 05 06 07 08 2 04 05 06 07 ■ Net income ■ Depreciation and amortization ■ Total assets (left scale) Basic net income per share Dividend per share (Cash flow base) (Yen) 0 08 04 600 06 07 08 Return on total assets Return on equity Stockholders’ equity ratio (right scale) (Yen) 05 Number of employees 150 80,000 450 60,000 100 300 40,000 50 150 20,000 0 0 04 05 06 07 08 0 04 05 06 07 08 04 05 06 07 08 Millions of yen 2008 2007 2006 2005 2004 Net cash flows Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 71,461 70,125 44,101 33,300 42,101 Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . 71,297 65,337 58,540 52,806 50,726 ¥935,533 989,304 923,503 808,001 770,319 76.6% 77.1 76.1 79.1 74.8 Return on total assets (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.4% 7.3 5.1 4.2 5.5 Return on equity (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.7% 9.6 6.6 5.5 7.5 Total assets and stockholders’ equity ratio Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity ratio (%) . . . . . . . . . . . . . . . . . . . . . . . . Return on total assets and return on equity Net income per share Basic (Yen) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ¥ 551.72 529.88 333.50 251.71 317.80 Diluted (Yen) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 551.19 529.29 333.20 251.56 317.69 Dividend per share (Yen) (Cash flow base) . . . . . . . . . . . . . . . . ¥ 120.00 100.00 80.00 60.00 50.00 Number of employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,212 51,614 53,923 37,115 36,804 TDK Corporation • Annual Review 2008 45