TDK Corporation
1-13-1, Nihonbashi
Chuo-ku, Tokyo
103-8272 Japan
Contacts;
TDK Corporation(Tokyo)
Corporate Communications Department
+81(3)5201-7102
Michinori Katayama
TDK U.S.A. Corporation
Francis J. Sweeney
+1(516)535-2600
TDK UK Limited
Ron Matier
+44(1737)773773
FOR IMMEDIATE RELEASE
TOKYO - October 29, 2003 TDK Corporation today announced its Consolidated business results
prepared in conformity with accounting principles generally accepted in the United States of
America (the "U.S. GAAP") for the first half of fiscal year ("FY") 2004 and the 2nd quarter ("Qtr.")
and Non-Consolidated business results for the first half of FY 2004.
1) Summary
Consolidated results (April 1, 2003 - September 30, 2003)
Term
Item
Net sales
Operating income
Income before
income taxes
Net income
Net income per
common share
The first half of FY2003
The first half of FY2004
Change
(April 1, 2002 - Sep. 30, 2002)
(April 1, 2003 - Sep. 30, 2003)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
%
316,279
24,020
100.0
7.6
2,849,360
216,396
296,380
10,019
100.0
3.4
19,899
14,001
6.7
139.7
25,014
7.9
225,351
7,636
2.6
17,378
227.6
19,257
6.1
173,486
4,645
1.6
14,612
314.6
Yen 145.27
U.S.$ 1.31
Yen 34.98
(Sales breakdown)
Term
Product
Electronic materials
and components
Electronic materials
Electronic devices
Recording devices
Semiconductors
& others
Recording media
& systems
Total sales
Overseas sales
The first half of FY2003
The first half of FY2004
Change
(April 1, 2002 - Sep. 30, 2002)
(April 1, 2003 - Sep. 30, 2003)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
%
254,352
80.4
2,291,459
234,272
79.0
20,080
82,302
52,451
111,423
26.0
16.6
35.2
741,459
472,531
1,003,811
88,918
59,293
78,173
30.0
20.0
26.4
(6,616)
(6,842)
33,250
8,176
2.6
73,658
7,888
2.6
288
3.7
61,927
19.6
557,901
62,108
21.0
(181)
-0.3
316,279
234,743
100.0
74.2
2,849,360
2,114,802
296,380
212,091
100.0
71.6
19,899
22,652
Notes:
1. The figures for net income per common share are calculated based upon the weighted average number of
shares of common stock (the total outstanding number).
2. U.S.$1=Yen 111
1/23
8.6
-7.4
-11.5
42.5
6.7
10.7
Non-Consolidated
Non-Consolidated results (April 1, 2003 - September 30, 2003)
Term
Item
Net sales
Operating income
Current income
Net income
Net income per
common share
Dividends per share
The first half of FY2003
The first half of FY2004
Change
(April 1, 2003 - Sep. 30, 2003)
(April 1, 2002 - Sep. 30, 2002)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
152,474
1,062
4,819
1,127
100.0
0.7
3.2
0.7
Yen 8.51
Yen 25.00
1,373,639
9,567
43,414
10,153
U.S.$ 0.07
U.S.$ 0.22
167,260
3,480
6,937
1,056
100.0
2.1
4.1
0.6
(14,786)
(2,418)
(2,118)
71
%
-8.8
-69.5
-30.5
6.7
Yen 7.96
Yen 25.00
Notes:
1. Any portion less than Yen one million is disregarded, the same being applicable hereinafter.
U.S.$1=Yen 111 (U.S. dollar translation is added herein solely for convenience of readers outside Japan.)
2. The figures for net income per common share are calculated based upon the weighted average
number of shares of common stock (the total outstanding number).
(Sales breakdown)
Term
Product
Electronic materials
and components
Electronic materials
Electronic devices
Recording devices
Semiconductors
& others
Recording media
& systems
Total sales
Overseas sales
The first half of FY2003
The first half of FY2004
Change
(April 1, 2003 - Sep. 30, 2003)
(April 1, 2002 - Sep. 30, 2002)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
%
131,033
85.9
1,180,477
146,384
87.5
(15,351)
-10.5
64,157
39,041
20,562
42.1
25.6
13.5
577,990
351,720
185,243
70,620
45,694
24,055
42.2
27.3
14.4
(6,463)
(6,653)
(3,493)
-9.2
-14.6
-14.5
7,272
4.7
65,513
6,013
3.6
1,259
20.9
21,440
14.1
193,153
20,876
12.5
564
2.7
152,473
87,909
100.0
57.7
1,373,630
791,972
167,260
90,622
100.0
54.2
Note: U.S.$1=Yen 111
2/23
(14,787)
(2,713)
-8.8
-3.0
Consolidated
2nd Qtr. Consolidated results
Consolidated results (July 1, 2003 - September 30, 2003)
Term
Item
Net sales
Operating income
Income before
income taxes
Net income
Net income per
common share
The 2nd Qtr. of FY2003
The 2nd Qtr. of FY2004
Change
(July 1, 2002 - Sep. 30, 2002)
(July 1, 2003 - Sep. 30, 2003)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
%
163,063
13,840
100.0
8.5
1,469,036
124,685
147,672
4,033
100.0
2.7
15,391
9,807
10.4
243.2
13,850
8.5
124,775
4,333
2.9
9,517
219.6
11,232
6.9
101,189
2,484
1.7
8,748
352.2
U.S.$ 0.76
Yen 18.71
Yen 84.76
(Sales breakdown)
Term
Product
Electronic materials
and components
Electronic materials
Electronic devices
Recording devices
Semiconductors
& others
Recording media
& systems
Total sales
Overseas sales
The 2nd Qtr. of FY2003
The 2nd Qtr. of FY2004
Change
(July 1, 2002 - Sep. 30, 2002)
(July 1, 2003 - Sep. 30, 2003)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
%
130,563
80.1
1,176,243
116,102
78.6
14,461
12.5
41,882
26,634
57,583
25.7
16.3
35.3
377,315
239,946
518,766
43,058
29,449
39,832
29.2
19.9
27.0
(1,176)
(2,815)
17,751
-2.7
-9.6
44.6
4,464
2.8
40,216
3,763
2.5
701
18.6
32,500
19.9
292,793
31,570
21.4
930
2.9
163,063
121,960
100.0
74.8
1,469,036
1,098,739
147,672
105,900
100.0
71.7
15,391
16,060
10.4
15.2
Notes:
1. The figures for net income per common share are calculated based upon the weighted average number of
shares of common stock (the total outstanding number).
2. U.S.$1=Yen 111
3/23