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 - August 1, 2002 TDK Corporation today announced its consolidated business results
prepared in conformity with accounting principles generally accepted in the United States of
America for the 1st quarter (Qtr.) of fiscal year (FY) 2003 and 2002, the three months ended
June 30, 2002 and 2001 are as follows;
1) Summary
Consolidated results (April 1, 2002 - June 30, 2002)
Term
Items
Net sales
Operating income
Income before
income taxes
Net income
Net income per
common share
The 1st Qtr. of FY2002
The 1st Qtr. of FY2003
Change
(April 1, 2001 - June 30, 2001)
(April 1, 2002 - June 30, 2002)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
%
148,708
5,986
100.0
4.0
1,239,233
49,883
140,244
2,589
100.0
1.8
8,464
3,397
6.0
131.2
3,303
2,161
2.2
1.5
27,525
18,008
2,564
1,207
1.8
0.9
739
954
28.8
79.0
Yen 16.27
U.S.$ 0.14
Yen 9.07
(Sales breakdown)
Term
Products
Electronic materials
and components
Electronic materials
Electronic devices
Recording devices
Semiconductors
& others
Recording media
& systems
Total sales
Overseas sales
The 1st Qtr. of FY2002
The 1st Qtr. of FY2003
Change
(April 1, 2001 - June 30, 2001)
(April 1, 2002 - June 30, 2002)
(Yen millions)
% (U.S.$ thousands) (Yen millions)
% (Yen millions)
118,170
45,860
29,844
38,341
79.5
30.8
20.1
25.8
984,750
382,167
248,700
319,508
110,321
43,900
28,550
32,834
78.7
31.3
20.4
23.4
4,125
2.8
34,375
5,037
3.6
30,538
148,708
106,191
20.5
100.0
71.4
254,483
1,239,233
884,925
29,923
140,244
96,745
21.3
100.0
69.0
7,849
1,960
1,294
5,507
(912)
615
8,464
9,446
%
7.1
4.5
4.5
16.8
(18.1)
2.1
6.0
9.8
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. 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 has applied EITF 01-9 retroactively.
3. Consolidated results for the 1st quarter of FY2003 and FY2002 are unaudited by independent auditors.
4. U.S.$1=Yen 120
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