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 - February 5, 2003 TDK Corporation today announced its consolidated business results
prepared in conformity with accounting principles generally accepted in the United States of
America for the 3rd quarter (Qtr.) of fiscal year (FY) 2003, the three months ended December 31,
2002, and for the nine-month-period from April 1, 2002 through December 31, 2002;
1) Summary
Consolidated results (October 1, 2002 - December 31, 2002)
Term
Items
Net sales
Operating income (loss)
Income (loss) before
income taxes
Net income (loss)
Net income (loss)
per common share
The 3rd Qtr. of FY2003
The 3rd Qtr. of FY2002
Change
(October 1, 2002 - December 31, 2002) (Oct. 1, 2001 - Dec. 31, 2001)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
%
161,678
6,172
100.0
3.8
1,347,317
51,433
148,036
(14,171)
100.0
-9.6
13,642
20,343
9.2
-
6,055
3.7
50,458
(13,805)
-9.3
19,860
-
4,575
2.8
38,125
(9,759)
-6.6
14,334
-
U.S.$ 0.29
Yen 34.49
Yen (73.45)
(Sales breakdown)
Term
Products
Electronic materials
and components
Electronic materials
Electronic devices
Recording devices
Semiconductors
& others
Recording media
& systems
Total sales
Overseas sales
The 3rd Qtr. of FY2003
The 3rd Qtr. of FY2002
Change
(October 1, 2002 - December 31, 2002) (Oct. 1, 2001 - Dec. 31, 2001)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
%
121,864
75.4
1,015,534
107,583
72.7
14,281
13.3
41,553
28,868
47,818
25.7
17.9
29.6
346,275
240,567
398,484
39,384
26,048
38,259
26.6
17.6
25.9
2,169
2,820
9,559
5.5
10.8
25.0
3,625
2.2
30,208
3,892
2.6
(267)
-6.9
39,814
24.6
331,783
40,453
27.3
(639)
-1.6
161,678
118,638
100.0
73.4
1,347,317
988,650
148,036
107,179
100.0
72.4
13,642
11,459
9.2
10.7
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. Consolidated results for the 3rd quarter of FY2003 and FY2002 are unaudited by independent auditors.
4. U.S.$1 = Yen 120
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CONSOLIDATED
9 months consolidated results
Consolidated results (April 1, 2002 - December 31, 2002)
Term
Items
Net sales
Operating income (loss)
Income (loss) before
income taxes
Net income (loss)
Net income (loss)
per common share
The nine-month-period of FY2003
(April 1, 2002 - December 31, 2002)
(Yen millions)
% (U.S.$ thousands)
The nine-month-period of FY2002
(Apr. 1, 2001 - Dec. 31, 2001)
(Yen millions)
Change
% (Yen millions)
100.0
39,236
-4.1
33,173
%
458,058
16,191
100.0
3.5
3,817,150
134,925
418,822
(16,982)
13,691
3.0
114,092
(16,887)
-4.0
30,578
-
9,220
2.0
76,833
(7,927)
-1.9
17,147
-
Yen 69.47
U.S.$ 0.58
9.4
-
Yen (59.67)
(Sales breakdown)
Term
Products
Electronic materials
and components
Electronic materials
Electronic devices
Recording devices
Semiconductors
& others
Recording media
& systems
Total sales
Overseas sales
The nine-month-period of FY2003
(April 1, 2002 - December 31, 2002)
(Yen millions)
% (U.S.$ thousands)
The nine-month-period of FY2002
(Apr. 1, 2001 - Dec. 31, 2001)
(Yen millions)
%
Change
(Yen millions)
%
356,136
77.7
2,967,800
317,190
75.7
38,946
12.3
130,471
88,161
125,991
28.5
19.2
27.5
1,087,258
734,675
1,049,925
120,751
80,312
102,281
28.8
19.2
24.4
9,720
7,849
23,710
8.0
9.8
23.2
11,513
2.5
95,942
13,846
3.3
(2,333)
-16.8
101,922
22.3
849,350
101,632
24.3
290
0.3
458,058
330,729
100.0
72.2
3,817,150
2,756,075
418,822
292,795
100.0
69.9
39,236
37,934
9.4
13.0
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. Consolidated results for the nine-month-period of FY2003 and FY2002 are unaudited by independent auditors.
4. U.S.$1 = Yen 120
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