SOURCE: TDK Corporation

March 23, 2005 08:21 ET


Tokyo, Japan -- (MARKET WIRE) -- March 23, 2005 --

Contact in Japan :

Nobuyuki Koike
TDK Corporation
Tel : 81-3-5201-7102

Notice Regarding Revision of Projection for Dividends for Fiscal Year 2005 (109th Fiscal Year)

TOKYO, JAPAN, March 23, 2005 --TDK Corporation (the "Company") hereby announces that at the meeting of the Board of Directors held today, the Company resolved that the projections for dividends per share of common stock for the fiscal year 2005 ending March 31, 2005, is revised as follows:

This resolution will be on an agenda to be resolved at the Ordinary General Meeting of Stockholders, which is scheduled to be held in late June 2005.

1. Reasons for Revision:

Returning earnings to shareholders is one of the Company's highest management priorities, and the Company's fundamental policy is to devote its efforts to a stable increase in dividends.

With respect to the dividends per share of common stock for the fiscal year 2005, the Company's initial projection was Y30 per share at the time when the financial results for the first half of the fiscal year 2005 was announced on December 28, 2004. However, the Company will revise such projections and increase the dividends from Y30 to Y40 per share of common stock.

As a result, the Company's projection for total annual dividends will be Y70 per share, including the interim dividends previously paid in December 2004.

2. Details of Revision:

Dividends Per Share for Fiscal Year 2005 (April 1, 2004 to March 31, 2005):

           The first half of     The fiscal year-end                Annual
          (interim dividend)

Initial projections  30 yen                    30 yen               60 yen
(made public on
December 28, 2004)

Revised projections  30 yen                    40 yen               70 yen


Dividends per share  25 yen                    30 yen               55 yen
for the previous
fiscal year(FY 2004)

Note:  The interim dividends of Y30 per share of common stock have 
       already been paid.

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