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 - May 7, 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 fiscal year ("FY") 2003 and NON-Consolidated business results
for FY 2003.
1) Summary
Consolidated results (April 1, 2002 - March 31, 2003)
Term
Item
Net sales
Operating income (loss)
Income (loss) before
income taxes
Net income (loss)
Net income (loss) per
common share
FY2003
FY2002
Change
(April 1, 2001 - Mar. 31, 2002)
(April 1, 2002 - March 31, 2003)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
%
608,880
22,080
100.0
3.6
5,074,000
184,000
570,511
(43,722)
100.0
-7.7
38,369
65,802
6.7
-
18,081
12,019
3.0
2.0
150,675
100,158
(43,697)
(25,771)
-7.7
-4.5
61,778
37,790
-
U.S.$ 0.75
Yen 90.56
Yen (193.91)
(Sales breakdown)
Term
Product
Electronic materials
and components
Electronic materials
Electronic devices
Recording devices
Semiconductors
& others
Recording media
& systems
Total sales
Overseas sales
FY2003
FY2002
Change
(April 1, 2001 - Mar. 31, 2002)
(April 1, 2002 - March 31, 2003)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
472,529
168,949
112,729
175,986
77.6
27.8
18.5
28.9
3,937,742
1,407,909
939,408
1,466,550
432,886
161,846
105,937
147,004
75.9
28.4
18.6
25.7
14,865
2.4
123,875
18,099
136,351
608,880
443,377
22.4
100.0
72.8
1,136,258
5,074,000
3,694,808
137,625
570,511
405,707
%
39,643
7,103
6,792
28,982
9.2
4.4
6.4
19.7
3.2
(3,234)
-17.9
24.1
100.0
71.1
(1,274)
38,369
37,670
-0.9
6.7
9.3
Notes:
1. The figures for net income (loss) per common share are calculated based upon the weighted average number of
shares of common stock (the total outstanding number).
2. TDK adopted the Emerging Issues Task Force Issue 01-9 ("EITF 01-9"), "Accounting for Consideration Given by
a Vendor to a Customer (Including a Reseller of the Vendor's Products)" from the fiscal year beginning April 1,
2002 and the prior year's consolidated financial statements have been restated for the change, accordingly.
3. U.S.$1=Yen 120
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NON-Consolidated
NON-Consolidated results (April 1, 2002 - March 31, 2003)
Term
Item
FY2003
FY2002
Change
(April 1, 2001 - Mar. 31, 2002)
(April 1, 2002 - Mar. 31, 2003)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
%
100.0
Net sales
2,886
0.9
320,697
100.0 2,672,475
317,811
-2.7
3,182
1.0
26,516
(8,507)
11,689
Operating income (loss)
2.4
9,078
2.8
75,650
7,580
1,498
19.8
Current income
-1.2
3,927
133
0.0
1,108
(3,794)
Net income (loss)
Net income (loss) per
Yen 0.53
U.S.$ 0.00
Yen (28.55)
common share
Yen
25.00
U.S.$
0.20
Yen 20.00
Dividends per share
Notes:
1. Any portion less than Yen one million is disregarded, the same being applicable hereinafter.
U.S.$1=Yen 120 (U.S. dollar translation is added herein solely for convenience of readers outside Japan.)
2. The figures for net income (loss) per common share are calculated based upon the weighted average
number of shares of common stock (the total outstanding number).
(Sales breakdown)
Term
Product
Electronic materials
and components
Electronic materials
Electronic devices
Recording devices
Semiconductors
& others
Recording media
& systems
Total sales
Overseas sales
FY2003
FY2002
Change
(April 1, 2001 - Mar. 31, 2002)
(April 1, 2002 - Mar. 31, 2003)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
%
278,006
133,325
86,274
46,437
86.7
41.6
26.9
14.5
2,316,716
1,111,041
718,950
386,975
271,775
125,456
78,623
51,749
85.5
39.5
24.7
16.3
6,231
7,869
7,651
(5,312)
2.3
6.3
9.7
-10.3
11,968
3.7
99,733
15,946
5.0
(3,978)
-24.9
42,690
320,697
176,461
13.3
100.0
55.0
355,750
2,672,475
1,470,508
46,036
317,811
163,839
14.5
100.0
51.6
(3,346)
2,886
12,622
-7.3
0.9
7.7
Note: U.S.$1=Yen 120
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