DOCSLIB.ORG

Poised for Growth TDK Corporation Annual Report 2006 April 2005-March 2006 About TDK

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Poised for Growth TDK Corporation Annual Report 2006 April 2005-March 2006 About TDK e-material solution provider Poised for Growth TDK Corporation Annual Report 2006 April 2005-March 2006 About TDK TDK Corporation was established in 1935 as the world’s first company to commercialize a magnetic material called ferrite. In the ensuing years, TDK has developed and commercialized a host of other materials and products. This drive is based on the company’s founding spirit of “Contribute to culture and industry through creativity.” Looking ahead, TDK is determined to further refine its materials, process, and evaluation & simulation technologies—its core technologies—aiming to be an Exciting Company, a consummate e-material solution provider that delivers with perfect timing products imbuing value that customers want. Contents Financial Highlights .............................................................................................................. 02 To Our Stakeholders ............................................................................................................ 03 TDK at a Glance ................................................................................................................... 08 Review of Operations........................................................................................................... 10 Electronic Materials and Components ............................................................................. 10 Electronic Materials ...................................................................................................... 10 Electronic Devices ........................................................................................................ 11 Recording Devices........................................................................................................ 12 Other Electronic Components ...................................................................................... 13 Recording Media .............................................................................................................. 14 Corporate Social Responsibility (CSR) ................................................................................ 15 Directors, Corporate Auditors and Corporate Officers ........................................................ 18 Financial Data ...................................................................................................................... 19 Investor Information ............................................................................................................. 21 CAUTIONARY STATEMENTS WITH RESPECT TO FORWARD-LOOKING STATEMENTS This booklet 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, achieve- ments 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 booklet except as provided for in 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. 01 TDK Corporation • Annual Report 2006 Three Core Products to Drive Sustained Growth Financial Highlights Yen in millions U.S. dollars in thousands (except per share amounts) (except per share amounts) Years ended March 31 2006 2005 2006 Change (%) OPERATING RESULTS Net sales . ¥795,180 657,853 $6,796,410 20.9 Electronic materials . 180,766 174,800 1,545,009 3.4 Electronic devices . 154,680 116,387 1,322,051 32.9 Recording devices . 315,928 234,578 2,700,239 34.7 Other electronic components . 36,376 19,449 310,906 87.0 Electronic materials and components . 687,750 545,214 5,878,205 26.1 Recording media . 107,430 112,639 918,205 –4.6 (Overseas sales) . 621,522 473,828 5,312,154 31.2 Net income . 44,101 33,300 376,932 32.4 Net income per share: (basic) . 333.50 251.71 2.85 (diluted) . 333.20 251.56 2.85 Cash dividends per share . 80.00 60.00 0.68 FINANCIAL POSITION Total assets . ¥923,503 808,001 $7,893,188 14.3 Stockholders’ equity . 702,419 639,067 6,003,581 9.9 Long-term debt, excluding current installments . 405 81 3,462 400.0 PERFORMANCE INDICATORS Overseas production/net sales . 61.7 59.0 Gross profit margin percentage . 26.3 26.4 Operating income ratio . 7.6 9.1 Return on equity . 6.6 5.5 Price-earnings ratio . 26.6 29.2 Notes: 1. Yen amounts have been translated into U.S. dollars, for convenience only, at the rate of ¥117=US$1. 2. Effective from the fiscal year ended March 31, 2006, the “Semiconductors and others” sector and “Recording media & systems” segment were renamed the “Other electronic components” sector and “Recording media” segment, respectively. There were no changes in segment classifications. 02 TDK Corporation • Annual Report 2006 Net Sales Operating Income Ratio Return on Equity (Yen in billions) (%) (%) 795 800 10 8.6 10 656 658 9.1 7.5 605 7.6 6.6 600 564 5 4.1 5.5 5 400 0 2.1 0 200 –5 –7.1 –4.2 0 –10 –5 02 03 04 05 06 02 03 04 05 06 02 03 04 05 06 To Our Stakeholders Hajime Sawabe Chairman and CEO Takehiro Kamigama President and COO 03 TDK Corporation • Annual Report 2006 Four Years of Sales and Earnings Growth TDK’s businesses are divided into the electronic materials Fiscal 2006, ended March 31, 2006, was our fourth consecu- and components segment and the recording media segment. tive year of growth in net sales and operating income. We posted These segments accounted for 86% and 14% of net sales, consolidated net sales of ¥795,180 million, up 20.9% year on respectively. Fiscal 2006 operating results in these segments year. In terms of earnings, operating income rose 1.2% to moved in opposite directions. While the electronic materials ¥60,523 million and net income climbed 32.4% to ¥44,101 and components segment reported much higher sales and million. We achieved this growth as the digital home appliances earnings, the recording media segment saw both sales and market continued its steady expansion and the mobile phone, earnings fall. car electronics and other markets remained robust. Our strong One of the main contributing factors to the impressive per- performance also reflects the contributions of two corporate formance in the electronic materials and components segment acquisitions during the past year, progress with reforms to our was growth in two sectors: electronic materials and electronic earnings structure and the benefits of other actions we have devices. This growth was driven by a greater-than-expected taken to increase our earnings power and accelerate growth. increase in demand for mobile phones and PCs. These products have a huge bearing on demand for electronic components in rapid advances in HDDs in terms of greater compactness included in these two sectors. In the electronic devices sector, and larger capacity. results benefited from strong sales of inductors, as well as the However, sustained growth at TDK in the future will depend inclusion of six months’ earnings of the Lambda Power Divi- on more than HDD heads. It will depend on making weak busi- sion in the second half of the past fiscal year. The recording nesses stronger. And it will depend on making strong busi- devices sector also performed well. Shipments of hard disk nesses even stronger. In short, we must transform our earnings drive (HDD) heads rose sharply on higher demand for HDDs structure from one excessively reliant on a single product cat- for PCs and other consumer electronics. egory to one consisting of a balanced portfolio of businesses. In contrast, the recording media segment, which includes TDK started out 70 years ago by commercializing a mag- audiotapes, videotapes and optical media, failed to improve netic material called ferrite that was developed in Japan. Today, profitability as planned. This disappointing performance was we manufacture a host of distinctive electronic materials and attributable to discounting of CD-Rs, DVD-Rs and other optical components rooted in the expertise we have acquired in discs as well as a steep rise in materials expenses. On a brighter developing materials during these seven decades. Our supe- note, computer data backup tapes continue to make a greater rior core technologies—materials, process and evaluation & contribution to segment earnings as sales grow. Blue laser simulation technologies—all originate from thinking about discs, which are seen as the next generation of optical media, materials, namely ferrite and other ceramics. Products for which also possess the potential to contribute to segment earnings TDK has made a name for itself are all derived from these core once a market for these products emerges. technologies. This is true of our audio cassette
Load more

Recommended publications
  • FTSE Japan ESG Low Carbon Select
    2 FTSE Russell Publications 19 August 2021 FTSE Japan ESG Low Carbon Select Indicative Index Weight Data as at Closing on 30 June 2021 Constituent Index weight (%) Country Constituent Index weight (%) Country Constituent Index weight (%) Country ABC-Mart 0.01 JAPAN Ebara 0.17 JAPAN JFE Holdings 0.04 JAPAN Acom 0.02 JAPAN Eisai 1.03 JAPAN JGC Corp 0.02 JAPAN Activia Properties 0.01 JAPAN Eneos Holdings 0.05 JAPAN JSR Corp 0.11 JAPAN Advance Residence Investment 0.01 JAPAN Ezaki Glico 0.01 JAPAN JTEKT 0.07 JAPAN Advantest Corp 0.53 JAPAN Fancl Corp 0.03 JAPAN Justsystems 0.01 JAPAN Aeon 0.61 JAPAN Fanuc 0.87 JAPAN Kagome 0.02 JAPAN AEON Financial Service 0.01 JAPAN Fast Retailing 3.13 JAPAN Kajima Corp 0.1 JAPAN Aeon Mall 0.01 JAPAN FP Corporation 0.04 JAPAN Kakaku.com Inc. 0.05 JAPAN AGC 0.06 JAPAN Fuji Electric 0.18 JAPAN Kaken Pharmaceutical 0.01 JAPAN Aica Kogyo 0.07 JAPAN Fuji Oil Holdings 0.01 JAPAN Kamigumi 0.01 JAPAN Ain Pharmaciez <0.005 JAPAN FUJIFILM Holdings 1.05 JAPAN Kaneka Corp 0.01 JAPAN Air Water 0.01 JAPAN Fujitsu 2.04 JAPAN Kansai Paint 0.05 JAPAN Aisin Seiki Co 0.31 JAPAN Fujitsu General 0.01 JAPAN Kao 1.38 JAPAN Ajinomoto Co 0.27 JAPAN Fukuoka Financial Group 0.01 JAPAN KDDI Corp 2.22 JAPAN Alfresa Holdings 0.01 JAPAN Fukuyama Transporting 0.01 JAPAN Keihan Holdings 0.02 JAPAN Alps Alpine 0.04 JAPAN Furukawa Electric 0.03 JAPAN Keikyu Corporation 0.02 JAPAN Amada 0.01 JAPAN Fuyo General Lease 0.08 JAPAN Keio Corp 0.04 JAPAN Amano Corp 0.01 JAPAN GLP J-REIT 0.02 JAPAN Keisei Electric Railway 0.03 JAPAN ANA Holdings 0.02 JAPAN GMO Internet 0.01 JAPAN Kenedix Office Investment Corporation 0.01 JAPAN Anritsu 0.15 JAPAN GMO Payment Gateway 0.01 JAPAN KEWPIE Corporation 0.03 JAPAN Aozora Bank 0.02 JAPAN Goldwin 0.01 JAPAN Keyence Corp 0.42 JAPAN As One 0.01 JAPAN GS Yuasa Corp 0.03 JAPAN Kikkoman 0.25 JAPAN Asahi Group Holdings 0.5 JAPAN GungHo Online Entertainment 0.01 JAPAN Kinden <0.005 JAPAN Asahi Intecc 0.01 JAPAN Gunma Bank 0.01 JAPAN Kintetsu 0.03 JAPAN Asahi Kasei Corporation 0.26 JAPAN H.U.
    [Show full text]
  • Whither the Keiretsu, Japan's Business Networks? How Were They Structured? What Did They Do? Why Are They Gone?
    IRLE IRLE WORKING PAPER #188-09 September 2009 Whither the Keiretsu, Japan's Business Networks? How Were They Structured? What Did They Do? Why Are They Gone? James R. Lincoln, Masahiro Shimotani Cite as: James R. Lincoln, Masahiro Shimotani. (2009). “Whither the Keiretsu, Japan's Business Networks? How Were They Structured? What Did They Do? Why Are They Gone?” IRLE Working Paper No. 188-09. http://irle.berkeley.edu/workingpapers/188-09.pdf irle.berkeley.edu/workingpapers Institute for Research on Labor and Employment Institute for Research on Labor and Employment Working Paper Series (University of California, Berkeley) Year Paper iirwps-- Whither the Keiretsu, Japan’s Business Networks? How Were They Structured? What Did They Do? Why Are They Gone? James R. Lincoln Masahiro Shimotani University of California, Berkeley Fukui Prefectural University This paper is posted at the eScholarship Repository, University of California. http://repositories.cdlib.org/iir/iirwps/iirwps-188-09 Copyright c 2009 by the authors. WHITHER THE KEIRETSU, JAPAN’S BUSINESS NETWORKS? How were they structured? What did they do? Why are they gone? James R. Lincoln Walter A. Haas School of Business University of California, Berkeley Berkeley, CA 94720 USA ([email protected]) Masahiro Shimotani Faculty of Economics Fukui Prefectural University Fukui City, Japan ([email protected]) 1 INTRODUCTION The title of this volume and the papers that fill it concern business “groups,” a term suggesting an identifiable collection of actors (here, firms) within a clear-cut boundary. The Japanese keiretsu have been described in similar terms, yet compared to business groups in other countries the postwar keiretsu warrant the “group” label least.
    [Show full text]
  • Proposal of a Data Processing Guideline for Realizing Automatic Measurement Process with General Geometrical Tolerances and Contactless Laser Scanning
    Proposal of a data processing guideline for realizing automatic measurement process with general geometrical tolerances and contactless laser scanning 2018/4/4 Atsuto Soma Hiromasa Suzuki Toshiaki Takahashi Copyright (c)2014, Japan Electronics and Information Technology Industries Association, All rights reserved. 1 Contents • Introduction of the Project • Problem Statements • Proposed Solution – Proposal of New General Geometric Tolerance (GGT) – Data Processing Guidelines for point cloud • Next Steps Copyright (c)2014, Japan Electronics and Information Technology Industries Association, All rights reserved. 2 Contents • Introduction of the Project • Problem Statements • Proposed Solution – Proposal of New General Geometric Tolerance (GGT) – Data Processing Guidelines for Point Cloud • Next Steps Copyright (c)2014, Japan Electronics and Information Technology Industries Association, All rights reserved. 3 Introduction of JEITA What is JEITA? The objective of the Japan Electronics and Information Technology Industries Association (JEITA) is to promote healthy manufacturing, international trade and consumption of electronics products and components in order to contribute to the overall development of the electronics and information technology (IT) industries, and thereby to promote further Japan's economic development and cultural prosperity. JEITA’s Policy and Strategy Board > Number of full members: 279> Number of associate members: 117(as of May 13, 2014) - Director companies and chair/subchair companies - Policy director companies (alphabetical) Fujitsu Limited (chairman Masami Yamamoto) Asahi Glass Co., Ltd. Nichicon Corporation Sharp Corporation Azbil Corporation IBM Japan, Ltd. Hitachi, Ltd. Advantest Corporation Nippon Chemi-Con Corporation Panasonic Corporation Ikegami Tsushinki Co., Ltd. Japan Aviation Electronics Industry, Ltd. SMK Corporation Mitsubishi Electric Corporation Nihon Kohden Corporation Omron Corporation NEC Corporation JRC Nihon Musen Kyocera Corporation Sony Corporation Hitachi Metals, Ltd KOA Corporation Fuji Xerox Co., Ltd.
    [Show full text]
  • Facilitation of Information Transfer on Chemicals in Products
    Facilitation of Information Transfer on Chemicals in Products The Ministry of Economy, Trade and Industry (METI) developed ‘chemSHERPA’ [kémʃéərpə] as a new information transfer scheme for chemicals in products throughout their supply chains. METI hopes that the dissemination of chemSHERPA may contribute to reduce the workload of both providers and recipients of the information. From the beginning of the development of chemSHERPA, METI has been in communication with international bodies such as the IEC and the IPC, etc., with the aim of developing chemSHERPA into not only a Japanese standard but also an International standard. To make it a de-facto standard, METI has introduced this scheme to international organizations and governments of other countries for their active use. The Joint Article Management Promotion Consortium (JAMP) is a governing body for chemSHERPA from April 2016 and see a shift to chemSHERPA. We believe many companies are preparing towards implementing chemSHERPA. Based on the efforts mentioned above, the following companies and company groups have agreed with the dissemination of chemSHERPA, and METI will continue to work with JAMP and companies to spread the use of chemSHERPA to internal as well as external supply chains as needed.(Please contact us if any company or company group has interest in putting its name below.) It should be noted, the use of the provision of data entry support tools is free of charge in principle with the aim of promoting wider use of chemSHERPA. [Contact information] Chemical Management Policy Division Manufacturing Industries Bureau Ministry of Economy, Trade and Industry [email protected] 03-3501-0080 (direct) 03-3501-1511 (ex.
    [Show full text]
  • Enjoying High-Definition Video with Your DVD Camcorder
    PUB.DIM-810 English Français HD Camcorder Instruction Manual Español Caméscope HD Manuel d'instruction Videocámara HD Manual de Instrucciones Please read also the Digital Video Software instruction manual (on PDF file). Refer to the installation guide for further details. Veuillez lire aussi le manuel d'instruction Digital Video Software (sur fichier PDF). Pour d'autres détails, référez-vous au guide d'installation. Lea también el manual de instrucciones Digital Video Software (en archivo PDF). Para mayores detalles, refiérase a la guía de instalación. ImportantIntroduction Usage Instructions WARNING! TO REDUCE THE RISK OF FIRE OR ELECTRIC SHOCK, DO NOT EXPOSE THIS PRODUCT TO RAIN OR MOISTURE. WARNING! TO REDUCE THE RISK OF ELECTRIC SHOCK AND TO REDUCE ANNOYING INTERFERENCE, USE THE RECOMMENDED ACCESSORIES ONLY. COPYRIGHT WARNING: Unauthorized recording of copyrighted materials may infringe on the rights of copyright owners and be contrary to copyright laws. HD Camcorder, HR10 A systems This device complies with Part 15 of the FCC Rules. Operation is subject to the following two conditions: (1) This device may not cause harmful interference, and (2) this device must accept any interference received, including interference that may cause undesired operation. Note: This equipment has been tested and found to comply with the limits for class B digital device, pursuant to Part 15 of the FCC Rules. These limits are designed to provide reasonable protection against harmful interference in a residential installation. This equipment generates, uses and can radiate radio frequency energy and, if not installed and use in accordance with the instructions, may cause harmful interference to radio communications.
    [Show full text]
  • Press Release
    Press Release Press contact Corporate Communications Office Tel: +81-3-3457-2105 1-1-1 Shibaura, Minato-ku, Tokyo 105-8001, Japan Fax: +81-3-5444-9202 URL: http://www.toshiba.co.jp/about/press/index.htm FOR IMMEDIATE RELEASE July 7, 2011 Toshiba establishes new HDD technology centers for future generation high density recordings Strengthen advanced cutting edge technologies and manufacturing technologies TOKYO—Toshiba Corporation (TOKYO: 6502) today announced that it will establish two new technology development centers for hard disk drives (HDD). The “HDD Advanced Technology Center” will seek to accelerate development of higher density technology and the “HDD Manufacturing Technology Center” will develop enhanced manufacturing capabilities. Both will open on July 16th. Toshiba will cooperate in the development work with TDK Corporation, which manufactures magnetic heads, and Showa Denko K.K., a disk media manufacturer. In 2004, Toshiba led the industry in introducing perpendicular magnetic recording technology (PMR), now the dominant technology for high areal density HDD, and in doing so realized significant advances in hard disk drive capacity. However the physical limit of PMR is widely recognized at around 1.6Gbit/mm2 (1Tbit/in2) and densities beyond that will require further technology breakthroughs. Toshiba, in cooperation with TDK and Showa Denko, is establishing an HDD Advanced Technology Center to focus on innovation in future generations of higher capacity HDD by investigating promising technologies, including energy-assisted technologies and bit pattern technology. By establishing a complementary manufacturing technology development center at the same time, Toshiba, in cooperation with TDK, expects to develop stable manufacturing methods for future cutting-edge HDDs and to achieve the very earliest launch of differentiated products.
    [Show full text]
  • Industrial UPS DISTRIBUTOR
    Industrial INDUSTRY Uninterrupted Power Supply (UPS) Programs Supported • Input/output filter • Power Factor Correction (PFC) • DC link • Snubber www.richardsonrfpd.com 800.737.6937 | 630.208.2700 KEMET Products & Competition Product Family KEMET Series Form Competition Why Buy From KEMET? Input / Output Filter Power Film C4AT (low power) Box type, TDK-EPC, AVX, Shizuki, CDE , KEMET is your seamless, integrated, single Wire terminals Electronicon, ECI, Vishay, Icar source for capacitance solutions worldwide. Power Film C44A Aluminum can, TDK-EPC, Shizuki, Electronicon, With 95% of possible dielectric solutions, C44P (filter) Stud terminals Vishay, Icar global availability, on-time delivery, plus full Standard Film R82, R66, MMK, SMR, GMC, Surface mount, TDK-EPC, Panasonic, AVX, Vishay , custom design services. One world. One SMC, LDE, LDB Through-hole WIMA source. One KEMET. Power Factor Correction Power Film C93 Aluminum can, TDK-EPC, Shizuki, Electronicon, Features & Benefits Faston terminals Vishay, Icar Tantalum MnO2 T491, T494, T495, T498, AVX, Vishay, Nichicon • Products for every power and environment Surface mount, • Standard, optimized and custom designs T499, T35X Through-hole • A decade of experience in power applications Tantalum KO T520, T525, T530 Surface mount AVX, Sanyo, NEC • Direct mount snubber version with six tab Aluminum Polymer A700 Surface mount UCC, CDE, Panasonic styles to fit most IGBTs Ceramics AUTO, Open-Mode, Surface mount, Murata, TDK-EPC, Samsung , • AEC Q200 part level qualifications FF/FE/FT-Cap, AUTO Aximax,
    [Show full text]
  • Participant List Name Organization Aiki Konno Mitsubishi Heavy Industries, Ltd
    Participant List Name Organization Aiki Konno Mitsubishi Heavy Industries, Ltd. Eriko Takahashi TOTO LTD. Kazue Kosugi Nippon Yusen Kabushiki Kaisha Kiichiro Yokoyama Nomura Research Institute, Ltd. Hidemi Nakamura TAIHEIYO CEMENT CORPORATION Hirohisa Minakawa NIPPON EXPRESS CO., LTD. Masahiro Sato MIZUNO Corporation Makoto Okawa TOPPAN PRINTING CO., LTD. Miho Arai Olympus Corporation Minoru Matsuzaki Olympus Corporation Tatsuo Hakamada Seikei University Tetsuo Higuchi NIPPON STEEL & SUMIKIN ENGINEERING CO., Tomoko Abe Nippon Yusen Kabushiki Kaisha Yoshimi Ichikawa Marubeni Corporation Hiroshi Kobayashi TDK Corporation Yoichiro Nakata NIPPON PAPER INDUSTRIES CO., LTD. Takashi Kamikubo Japan Business Art K. K. Yoriyuki Numakura Japan Business Art K. K. Hidenori Imazu TOPPAN PRINTING CO., LTD. Takashi Goto Sustainability Communication Hub Co., Ltd. Miho Hosoya Sustainability Communication Hub Co., Ltd. Yukiko Murakami Sustainability Communication Hub Co., Ltd. Yukari Watanabe Cetus & General Press Inc. Hideyo Aratani Cetus & General Press Inc. Naomi Miyakawa Cetus & General Press Inc. Arata Sato Universal Combo Shinpei Tokou Nomura Research Institute, Ltd. Chiaki Ui Cetus & General Press Inc. Rie Tamura NOMURA REAL ESTATE HOLDINGS, INC. Shuichi Odakiri Neo Planning Sohei Motoyama Sanofi K.K. Tomoko Nakamura Satoru Arima DAIICHI SANKYO COMPANY, LIMITED. Noriko Takita Sanofi K.K. Yusaku Akutsu Japan Business Art K. K. Yuki Chihara Japan Business Art K. K. Keita Maeda TOPPAN PRINTING CO., LTD. Kengo Sato NIPPON EXPRESS CO., LTD. Sugito Ichikawa TOPPAN PRINTING CO., LTD. Koji Maeda ADVANTEST CORPORATION Ryoichi Shimamura West Japan Railway Company Hiroyuki Suzuki Hiroki Wada Seiko Inoue ASICS Corporation Setsuko Kubota Mazda Motor Corporation Katsumi Knanno Kewpie Corporation Shinichiro Uryu Mitsubishi Heavy Industries, Ltd. Azumi Nishizawa Mitsubishi Heavy Industries, Ltd.
    [Show full text]
  • Financial Review
    TDK CORPORATION Annual Report 2003 Financial Review Operating results Net Sales (Yen in billions) SEGMENT SALES Consolidated net sales increased 6.7 percent to ¥608.9 700 billion ($5,074 million) in fiscal 2003, the year ended March 171 139 127 31, 2003, from ¥570.5 billion in fiscal 2002, the year ended 600 136 138 552 March 31, 2002. The Company’s operating environment in 500 505 526 fiscal 2003 remained as very severe as it was the previous 473 400 433 fiscal year. The bellwether U.S. economy, the driving force of the world economy, appeared to gradually move back onto a 300 recovery footing after taking a step backwards at the start of 200 2002. However, in the closing months of 2002 consumer and 100 corporate sentiment nosedived due to stagnant demand and tumbling share prices. The Japanese and European econo- mies, which are highly reliant on external demand, felt the 99 00 01 02 03 effects of the U.S. slowdown. Asia, including China, fared relatively well, but this region is nowhere near becoming a leading force in the world economy just yet. ■ Electronic materials and components The increase in sales in this difficult operating envi- ■ Recording media & systems ronment reflects a recovery in the Company’s share of the HDD head market and rising demand for electronic compo- nents, which is being fueled by the digitalization of audio and visual equipment and the increasing use of electronics in automobiles. In the electronic materials and components segment, net sales rose 9.2 percent to ¥472.5 billion ($3,938 million) In the recording media & systems segment, sales edged in fiscal 2003, from ¥432.9 billion in fiscal 2002.
    [Show full text]
  • About TDK.Pdf
    TDK’s Innovation 1966 1994 2009 Recognition as IEEE Milestone: Innovation Innovation TDK’s efforts influenced the world’s Four Great World-Class Innovations by2 TDK Four Great World-Class Innovations by4 TDK Cultivating Technologies for technological history Magnetic Tape Technology Magnetic Head Technology The Institute of Electrical and Electronics Engineers (IEEE), an international academic society relating to Revolutionizes Music Opens the Way to Amazingly electricity and electronics, recognized the “Development From a desire of to easily store music, TDK devel- High Recording Density of Ferrite Materials and Their Applications” by the Tokyo oped the first cassette tape made in Japan. The Institute of Technology and TDK as a historical achieve- TDK’s magnetic heads business began in 1962 with combination of superior magnetic materials tech- ment that has contributed to the development of society the development of a ferrite head core piece for nology and coating technology later also proved its and industry. storage devices such as magnetic drums. Thanks to worth in the manufacture the development of magnetic heads utilizing thin-film of video tape products. process technology on the nanometer level, the Years recording density of hard disk drives (HDDs) took a Based on the corporate motto of “Contribute to culture giant leap forward in the 1990s. 80and industry through creativity,” TDK has been continuously pouring forth a stream of innovative products ever since its founding in 1935, using ferrite as a starting point and IEEE Milestone
    [Show full text]
  • Major Business Combination Cases in Fiscal Year 2019 July 22, 2020
    Major Business Combination Cases in Fiscal Year 2019 July 22, 2020 The Japan Fair Trade Commission For the purpose of ensuring the transparency of reviews by the Japan Fair Trade Commission (hereinafter referred to as “JFTC”) and improving the predictability of the reviews, the JFTC has published “Guidelines to Application of the Antimonopoly Act concerning Review of Business Combination (May 31, 2004, JFTC; hereinafter referred to as the “Business Combination Guidelines”)”in order to clarify its stance for applying the Antimonopoly Act (hereinafter referred to as the “AMA”) to its business combinations reviews. In addition, the JFTC has publicized the review results each fiscal year with respect to major business combination cases. This year also, the JFTC is going to publicize the review results about major business combinations cases of fiscal year 2019. The JFTC sincerely hopes that companies planning business combinations will make use of the published outcomes of the JFTC’s reviews of major business combination cases, as well as the Business Combination Guidelines. * As this is a tentative translation, please refer to the original that written in Japanese form more details. Major Business Combination Cases in Fiscal Year 2019 Type of business combination, etc. Numb Case Pag Hori Con Econ er (Major field of examination) Verti glo Rem omic e zont cal mer edy anal al ate ysis Integration of Bristol-Myers Squibb 1 Company and Celgene Corporation ○ 1 (prescription drugs) Acquisition of the neodymium magnet alloy research and development business of Showa 2 ○ ○ 11 Denko K.K. by TDK Corporation (neodymium magnet alloys and others) Integration of Kobelco & Materials Copper Tube Co., Ltd.
    [Show full text]
  • Acquisition of EPCOS AG—Becoming the Global Leader in the Electronic Components Industry
    Feature Acquisition of EPCOS AG—Becoming the Global Leader in the Electronic Components Industry R&D Capabilities to Create Next-Generation In October 2008, TDK made Germany-headquartered EPCOS Electronic Components AG a consolidated subsidiary. And to strengthen the TDK possesses strengths in materials technologies, from ferrite and other magnetic materials foundations of TDK’s passive components business in the to dielectric materials, piezoelectric materials, and process technologies for turning these shortest possible time and to the fullest extent, TDK plans to materials into commercial products for use in various electronic components. EPCOS AG, carve out the Company’s passive components businesses— meanwhile, has developed business centered on the European market, where competition is fi erce among major communications equipment manu- namely, capacitors, magnetics, high-frequency components, facturers. Its strengths lie in module technologies neces- and sensors and actuators as well as the Electronic sary for developing electronic components for mobile Components Sales & Marketing Group—incorporating them EPCOS AG SAW filters for mobile phones phones as well as application technologies. in a new company, TDK-EPC Corporation, to be established The development of electronic components demands the development of materials and on October 1, 2009. EPCOS AG will be a subsidiary of this sophisticated manufacturing techniques such as micro-processing expertise. Components new company, which will be wholly owned by TDK. must also have the performance and form required by fi nished products. The synergies TDK President Kamigama (left) and EPCOS President Pegam (right) derived from TDK’s and EPCOS AG’s technologies should yield an even better ability to shake hands on the business combination agreement in electronic develop such electronic components.
    [Show full text]