SOURCE: TDK Corporation

May 09, 2005 10:22 ET

TDK Corporation announces Buy Back Shares

Tokyo, Japan -- (MARKET WIRE) -- May 9, 2005 --


Contacts:
Nobuyuki Koike
TDK Corporation
Corporate Communications Dept.
Tel: (81)-3-5201-7102
e-mail; pr@mb1.tdk.co.jp


                             FOR IMMEDIATE RELEASE

                             TDK to Buy Back Shares

(Acquisition of Treasury Stock Under Article 210 of the Commercial Code of Japan)

TOKYO JAPAN, May 9, 2005-----TDK Corporation (the "Company") (President: Hajime Sawabe) announces that at the meeting of the Board of Directors held on May 9, 2005 a resolution passed that share buyback in accordance with Article 210 of the Commercial Code of Japan will be proposed at the 109th Ordinary Annual General Meeting of Stockholders scheduled for Wednesday, June 29, 2005.

1. Reason for Share Buyback

TDK will repurchase its own shares so that it may transfer treasury stock upon mainly exercise of stock acquisition rights under the stock option program.

2. Details of the Share Buyback

   (1) Type of shares to be repurchased:                            common stock
   (2) Number of shares to be repurchased:                  Up to 160,000 shares
                                      * Percentage of total shares issued: 0.12%
   (3) Total cost:                                            Up to Y1.6 billion

Note: The period of share buyback will start on or after such share buyback is
resolved at the 109th Ordinary Annual General Meeting of Stockholders to be held
on June 29, 2005 and extend until the closing of the next ordinary annual
general meeting of stockholders.

(Reference)
Number of treasury stock held as of March 31, 2005:

Total number of shares issued (excluding treasury stock):     132,244,587 shares
Number of treasury stock:                                         945,072 shares

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