- Report of Foreign Issuer (6-K)
January 08 2009 - 6:04AM
Edgar (US Regulatory)
Commission File No. 1-08346
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of January 2009
TDK CORPORATION
(Translation of registrant’s name into English)
13-1, Nihonbashi 1-chome, Chuo-ku, Tokyo 103-8272, Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
Contact in Japan
Tatsuhiko Atsumi
TDK Corporation
Tel: (81)-3-5201-7102
E-mail; pr@mb1.tdk.co.jp
TDK Revises Consolidated Projections
January 8, 2009
TDK Corporation (the “Company”) today revised projections released on October 30, 2008, as detailed
below, in light of recent business performance.
Revised Consolidated Projections for Fiscal 2009 (April 1, 2008 to March 31, 2009)
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Operating
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Income Before
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Net Income per
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Net Sales
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Income
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Income Taxes
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Net Income
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Common Share
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(¥ millions)
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(¥ millions)
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(¥ millions)
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(¥ millions)
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(¥)
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Previous projections (A)
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795,000
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35,000
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31,600
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25,000
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193.83
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Revised projections (B)
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673,000
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(26,000
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)
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(32,000
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(28,000
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(217.09
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Change (B-A)
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(122,000
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(61,000
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(63,600
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)
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(53,000
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(410.92
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% change
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(15.3
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)%
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—
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—
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—
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—
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(Reference)
Fiscal 2008 results
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866,285
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87,175
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91,505
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71,461
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551.72
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Reasons for Revisions
Since the beginning of the third quarter, the Company’s orders have fallen more dramatically
than expected. This has led to a decline in capacity utilization below that assumed in
previously announced projections. Furthermore, the rapid appreciation of the yen against the
U.S. dollar has resulted in a stronger yen than the average exchange rate of ¥100 assumed in
TDK’s plans. Moreover, TDK is projecting a low level of orders also in the fourth quarter and
for the yen to remain strong.
As a consequence of the above factors, the Company has revised its consolidated projections for
fiscal 2009, as shown in the table above.
On October 17, 2008, TDK made Germany-headquartered EPCOS AG (President and CEO: Gerhard Pegam)
a consolidated subsidiary. However, the results of this company have not been incorporated in
the revised projections. TDK will announce the impact of this company on its consolidated
results for fiscal 2009 when it is in a position to do so.
Cautionary Statements with Respect to Forward-Looking Statements
This material contains forward-looking statements, including projections, plans, policies,
management strategies, targets, schedules, understandings and evaluations, about TDK and its group
companies (TDK Group). These forward-looking statements are based on the current forecasts,
estimates, assumptions, plans, beliefs and evaluations of TDK Group in light of information
currently available to it, and contain known and unknown risks, uncertainties and other factors.
TDK Group therefore wishes to caution readers that, being subject to risks, uncertainties and other
factors, TDK Group’s actual results, performance, achievements or financial position could be
materially different from any future results, performance, achievements or financial position
expressed or implied by these forward-looking statements, and TDK Group undertakes no obligation to
publicly update or revise any forward-looking statements after the issue of this material except as
provided for in applicable laws and ordinances.
The electronics markets in which TDK Group operates are highly susceptible to rapid changes.
Risks, uncertainties and other factors that can have significant effects on TDK Group include, but
are not limited to, shifts in technology, fluctuations in demand, prices, interest and foreign
exchange rates, and changes in economic environments, conditions of competition, laws and
regulations.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,the registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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TDK Corporation
(Registrant)
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January 8, 2009
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BY:
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/s/ Tatsuhiko Atsumi
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Tatsuhiko Atsumi
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General Manager of
Corporate Communications Department
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