TDK : Announcement of Corporate Split (Simplified Absorption Type Corporate Split)
November 26, 2014 at 01:21 am EST
Share
Outline of the Companies Involved in the Corporate Split
(As of March 31, 2014)
Succeeding Company
Splitting Company
Name
TDK Corporation
TDK-EPC Corporation
Head Office
3-9-1, Shibaura, Minato-ku, Tokyo
3-9-1, Shibaura, Minato-ku, Tokyo
Representative
Takehiro Kamigama,
President & CEO
Hiroyuki Uemura,
President & CEO
Business
Development, manufacture and sale of various electronic components, magnetic application products, etc.
Development, manufacture and sale of passive components.
Paid-in Capital
¥32,641 million
¥2,000 million
Date of Incorporation
December 7, 1935
October 1, 2009
No. of Issued Shares
129,590,659
100
Fiscal Year-end
March 31
March 31
No. of Employees
83,581 (Consolidated)
1,771
Net Assets
¥652,243 million (Consolidated)
¥69,040 million
(Non-consolidated)
Total Assets
¥1,239,589 million(Consolidated)
¥320,514 million
(Non-consolidated)
Net Assets per Share
¥5,049.72 (Consolidated) *1
¥690 million
(Non-consolidated)
Net Sales
¥984,525 million(Consolidated)
¥148,669 million
(Non-consolidated)
Operating Income
¥36,616 million(Consolidated)
¥5,641 million
(Non-consolidated)
Current Income
*2
¥6,824 million
(Non-consolidated)
Net Income
¥16,288 million(Consolidated) *3
¥9,248 million
(Non-consolidated)
Net Income per Common Share
¥129.47(Consolidated) *3
¥92 million
(Non-consolidated)
Major Shareholders and Percentage of shares held
The Master Trust Bank of Japan, Ltd. (Trust account) 11.32%
Japan Trustee Services Bank, Ltd. (Trust account) 8.07%
JP MORGAN CHASE BANK 380072 3.61%
TDK Corporation
100.00%
*1:Since the Company has been adopting the United States Generally Accepted Accounting Principles (U.S.GAAP), the figure represents "TDK stockholders' equity per share".
*2: The item "Current Income " is omitted since it does not exist under U.S.GAAP, which has been adopted by TDK Corporation on a consolidated basis.
*3:Since the Company has been adopting U.S.GAAP, these figures represent "Net income attributable to TDK" and "Net income attributable to TDK per share".
TDK Corporation specialises in the design, manufacture and sales of electronic products and recording equipment. Net sales break down by family product as follows:
- rechargeable batteries and energy converters (46.9%);
- electronic equipment and components (33.1%): ceramic capacitors, ferrites, magnets, inductors, high-frequency components, transformers, converters, thermistors, etc.;
- recording equipment (13.5%): recording appliances (notably magnetic heads for hard disks, heads for disk drives and thermal printer heads), recording equipment (audio and video cassettes, optical disks, computer data storage tapes, PC cards, etc.);
- other (3.5%): rechargeable batteries, memory cards, displays and mechatronic equipment.
Net sales break down geographically as follows: Japan (8%), China (56.8%), Asia (18.7%), Europe (10%) and Americas (6.5%).
TDK CORPORATION 
