TDK Tdk Corp

 

 

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 July 2008

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.

Form 20-F		þ		Form 40-F		o

     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.

Yes		o		No		þ

     If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_______

 

 

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.

TABLE OF CONTENTS

• SIGNATURES
• Press release regarding TDK’s Consolidated results for the 1st quarter of FY March 2009
Summary
1. Summary Information Regarding Consolidated Business Results
2. Summary Information Regarding Consolidated Financial Position
3. Qualitative Information Regarding Consolidated Projections
4. Others
5. Balance sheets
6. Statements of income
7. Statements of cash flows
8. Segment Information
9. Supplementary Information

TDK Corporation
July 31, 2008

Contact;
TDK Corporation(Tokyo)		Corporate Communications Department
		Tatsuhiko Atsumi		+81(3)5201-7102

Consolidated results (U.S. GAAP) for the 1st quarter of FY March 2009

Summary (April 1, 2008 - June 30, 2008)

	Term			1Q of FY2008										1Q of FY2009															Change
				(April 1, 2007 - June 30, 2007)										(April 1, 2008 - June 30, 2008)
	Item			(Yen millions)					%					(Yen millions)					%					(U.S.$ thousands)					(Yen millions)					Change(%)
	Net sales				206,699					100.0					190,623					100.0					1,798,330					(16,076	)				-7.8
	Operating income				16,129					7.8					5,393					2.8					50,877					(10,736	)				-66.6
	Income before income taxes				20,181					9.8					5,577					2.9					52,613					(14,604	)				-72.4
	Net income				16,022					7.8					4,446					2.3					41,943					(11,576	)				-72.3
	Per common share:
	Net income / Basic			Yen  122.07										Yen  34.48											U.S.$0.33
	Net income / Diluted			Yen  121.90										Yen  34.46											U.S.$0.33
	Capital expenditures				22,170					—					31,127					—					293,651					8,957					40.4
	Depreciation and amortization				16,153					7.8					18,398					9.7					173,566					2,245					13.9
	Research and development				13,558					6.6					13,260					7.0					125,094					(298	)				-2.2
	Result of financial income				2,412					—					1,039					—					9,802					(1,373	)				-56.9
	Ratio of overseas production				67.2	%				—					74.0	%				—					—
	Number of employees				52,640					—					62,797					—					—
	Average rate for the period
	US$=Yen			Yen  120.82										Yen  104.56
	Euro=Yen			Yen  162.75										Yen  163.44

Note:

     U.S.$1=Yen 106, for convenience only.

TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)

[Summary Information and Financial Statements]

1. Summary Information Regarding Consolidated Business Results

Consolidated results for the first quarter of fiscal 2009, the three-month period from April 1, 2008 to June 30, 2008, were as follows:

The first quarter of fiscal 2009 in the electronics market, which has a large bearing on the TDK Group’s performance, saw a year-on-year rise in production of flat-screen TVs, home game consoles, notebook PCs, HDDs and mobile phones, in particular. On the other hand, however, demand for high-performance models of these products, particularly in industrialized nations, tapered off. Because these high-performance models drive electronic component demand, there was soft demand for electronic components. This in turn also led to further erosion in prices for electronic components.

TDK posted consolidated net sales of ¥190,623 million (U.S.$1,798,330 thousand), down 7.8% year on year from ¥206,699 million in the first quarter of fiscal 2008. Operating income declined 66.6% from ¥16,129 million to ¥5,393 million (U.S.$50,877 thousand). Income before income taxes declined 72.4% from ¥20,181 million to ¥5,577 million (U.S.$52,613 thousand). Net income declined 72.3% from ¥16,022 million to ¥4,446 million (U.S.$41,943 thousand). Basic net income per common share was ¥34.48 (U.S.$0.33), compared with ¥122.07 in the first quarter of fiscal 2008.

Average first-quarter yen exchange rates for the U.S. dollar and euro were ¥104.56 and ¥163.44, respectively, as the yen appreciated 13.5% versus the U.S. dollar and depreciated 0.4% against the euro, compared with the first quarter (April 1 to June 30) of the previous fiscal year. This lowered net sales by approximately ¥21.5 billion and operating income by approximately ¥6.6 billion.

(Sales by Sector)
TDK’s net sales are made up of four product sectors: (1) electronic materials, (2) electronic devices, (3) recording devices, and (4) others. Recording media sales have dropped sharply due to the August 2007 transfer of the TDK brand recording media sales business. Because recording media sales accounted for less than 10% of total net sales in the first quarter of fiscal 2009, these sales were included in the “others” sector. Sector sales were as follows.

(1)Electronic materials
This sector is broken down into two product categories: capacitors, and ferrite cores and magnets.

Sales in the electronic materials sector dropped 8.1% from ¥49,703 million to ¥45,671 million (U.S.$430,859 thousand).
[Capacitors] Sales decreased year on year. This reflected the impact of lower prices for multilayer ceramic chip capacitors, the main product in the capacitors category, particularly for use in PCs, flat-screen TVs and home game consoles. The yen’s appreciation against the U.S. dollar was another factor.
[Ferrite cores and magnets] Sales of ferrite cores and magnets rose slightly year on year, with higher magnet sales outweighing lower ferrite core sales.

TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)

(2)Electronic devices
This sector has three product categories: inductive devices, high-frequency components and other products.

Sales in the electronic devices sector declined 2.6% from ¥49,981 million to ¥48,675 million (U.S.$459,198 thousand).
[Inductive devices] Sales of inductive devices were flat year on year, with higher sales of power line coils for flat-screen TVs and common-mode filters for the auto market, offsetting lower chip bead sales.
[High-frequency components] Sales of high-frequency components increased year on year, the result mainly of higher sales for PC applications.
[Other products] Sales of other products were down year on year, with higher sensor and actuator sales unable to fully compensate for lower power supply sales due to the termination of some products.

(3)Recording devices
This sector has two product categories: HDD heads and other.

Sector sales increased 2.9% from ¥70,416 million to ¥72,445 million (U.S.$683,443 thousand).
[HDD heads] Sales decreased year on year. While the TDK Group’s HDD head sales volume increased on the back of higher demand for HDD heads in line with rising HDD unit production, overall sales were brought down by the impact of price decreases and the yen’s appreciation against the U.S. dollar.
[Other] Category sales increased year on year, mainly reflecting the fact that sales of a HDD suspension assembly business that was made a subsidiary in November 2007 contributed to first-quarter results for the first time.

(4)Others
This sector includes all products of TDK those in the three sectors above. The main products in the others sector are recording media, anechoic chambers, mechatronics (production equipment) and energy devices (rechargeable batteries).

Sector sales declined 34.9% from ¥36,599 million to ¥23,832 million (U.S.$224,830 thousand). Anechoic chambers, energy devices and other new products recorded higher year-on-year sales. However, recording media sales fell.

(Sales by Region)
Detailed sales by region can be found in the segment information on page 10.
[Japan] Overall sales fell, with sales declining in all four sectors of TDK.
[Americas] Overall sales declined, with sales decreasing in all product sectors except recording devices.
[Europe] Sales declined due mainly to lower sales in the recording devices and others.
[Asia (excluding Japan) and other areas] Sales decreased overall due mainly to lower sales in the electronic materials and recording devices sectors.

As a result, overseas sales declined 5.7% from ¥167,756 million to ¥158,158 million (U.S.$1,492,057 thousand). Overseas sales accounted for 83.0% of consolidated net sales, a 1.8 percentage point increase from 81.2% one year earlier.

TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)

2. Summary Information Regarding Consolidated Financial Position

(2-1) The following table summarizes TDK’s consolidated balance sheet as at June 30, 2008.

Total assets		¥991,725 million		(6.0% increase)
Total stockholders’ equity		¥734,239 million		(2.5% increase)
Stockholders’ equity ratio		74.0%		(2.6 percentage point decrease)

At June 30, 2008, cash and cash equivalents and net property, plant and equipment were ¥19,709 million and ¥30,472 million higher, respectively, than at March 31, 2008. As a result of these changes, total assets increased by ¥56,192 million compared with March 31, 2008.

Total liabilities increased by ¥38,673 million, mainly reflecting increases of ¥31,446 million in short-term debt, of ¥5,512 million in accrued expenses and of ¥4,614 million in other current liabilities.

Total stockholders’ equity increased by ¥17,662 million compared with March 31, 2008 due mainly to a ¥22,111 million decrease in accumulated other comprehensive income (loss) and a ¥4,780 million decrease in retained earnings.

(2-2) Cash Flows

(¥ millions)

				FY2008 1Q					FY2009 1Q					Change
	Net cash provided by operating activities				22,278					14,247					(8,031	)
	Net cash used in investing activities				(38,512	)				(26,255	)				12,257
	Net cash provided by (used in) financing activities				(46,888	)				22,355					69,243
	Effect of exchange rate changes on cash and cash equivalents				8,048					9,362					1,314
	Net increase (decrease) in cash and cash equivalents				(55,074	)				19,709					74,783
	Cash and cash equivalents at beginning of period				289,169					166,105					(123,064	)
	Cash and cash equivalents at end of period				234,095					185,814					(48,281	)

Operating activities provided net cash of ¥14,247 million (U.S.$134,406 thousand), a year-on-year decrease of ¥8,031 million. Net income decreased by ¥11,576 million to ¥4,446 million (U.S.$41,943 thousand), while depreciation and amortization increased by ¥2,245 million to ¥18,398 million (U.S.$173,566 thousand). In changes in assets and liabilities, the decrease in trade receivables was ¥3,609 million larger, while the increase in inventories was ¥7,542 million less than in the first quarter of fiscal 2008. Meanwhile, the decrease in trade payables represented a ¥7,320 million change from the first quarter of fiscal 2008 and the decrease in accrued expenses was ¥3,559 million more compared with the same period.

Investing activities used net cash of ¥26,255 million (U.S.$247,689 thousand), ¥12,257 million less than a year earlier. Capital expenditures increased by ¥8,957 million to ¥31,127 million (U.S.$293,651 thousand) and proceeds from sale and maturity of short-term investments declined by ¥3,860 million year on year. On the other hand, there was a ¥17,839 million decrease in payment for purchase of short-term investments, a ¥4,155 million increase in proceeds from the sale and

TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)

maturity of investments in securities and a ¥2,007 million decrease in payment for purchase of investments in securities.

Financing activities provided net cash of ¥22,355 million, a ¥69,243 million change from the ¥46,888 million in net cash used in the first quarter of fiscal 2008, which included ¥39,232 million to acquire the Company’s treasury stock and ¥7,946 million to pay dividends. In the first quarter of fiscal 2009, on the other hand, ¥31,379 million was provided by a net increase in short-term debt, while ¥9,027 million was used to pay dividends.

3. Qualitative Information Regarding Consolidated Projections

[Fiscal 2009 Consolidated Projections]

TDK’s projections for consolidated operating results, capital expenditures, depreciation and amortization, and research and development expenses for fiscal 2009, the year ending March 31, 2009, are as follows.

[Consolidated Projections for Fiscal 2009]

	Term			July 2008																				April 2008
				Announcement					FY2008					Change from					% change					Announcement
				FY2009					(Actual)					FY2008					from					FY2009
				(Forecasts)					(¥ millions)					(¥ millions)					FY2008					(Forecasts)
	Item			(¥ millions)																				(¥ millions)
	Net sales				862,000					866,285					(4,285	)				-0.5					880,000
	Operating income				69,000					87,175					(18,175	)				-20.8					80,000
	Income before income taxes				73,500					91,505					(18,005	)				-19.7					85,500
	Net income				55,500					71,461					(15,961	)				-22.3					65,000

[Projections for Capital Expenditures, Depreciation and Amortization, and Research and Development Expenses]

	(¥ millions)
	Term			FY2009										FY2008
				(Forecasts)										(Actual)
	Item			Amount					% of sales					Amount					% of sales
	Capital expenditures				70,000					—					84,312					—
	Depreciation and amortization				77,000					8.8					71,297					8.2
	Research and development expenses				57,000					6.5					57,387					6.6

(Notes)
TDK has revised its projections for the first half of fiscal 2009, based on actual results for the first quarter and second-quarter projections. However, there has been no change to second-half projections because of an uncertain outlook for the operating environment.

(Projections for main products are as follows:)
Electronic Materials and Electronic Devices
It is extremely difficult to forecast demand for finished products and electronic components used in them due to the effects of persistently high resource prices and crude oil as well as fears of an economic standstill in the U.S. However, TDK’s sales plan for electronic materials and electronic devices is based on a year-on-year positive demand growth forecast for key finished products such as mobile phones, PCs and flat-screen TVs, which drive the consumer electronics market.

TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)

Recording Devices

Firm growth is forecast for HDD demand also in fiscal 2009. Demand for HDD heads is forecast based on the assumption of strong projected growth in demand for 2.5-inch HDDs for notebook PCs in particular.

(Exchange Rate Forecast)

An average yen-U.S. dollar exchange rate of ¥100 is assumed from the second quarter of fiscal 2009.

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.

4. Others

In September 2006, the FASB issued Statement of Financial Accounting Standards No. 157 (“SFAS 157”), “Fair Value Measurements”. SFAS 157 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. TDK adopted SFAS 157 on April 1, 2008. The adoption of SFAS 157 has no material effect on TDK’s consolidated financial position and results of operations.

5) Balance sheets

	ASSETS
	Term			As of June 30, 2008															As of March 31, 2008										Change from
																													March 31, 2008
				(Yen						%				(U.S.$					(Yen						%				(Yen
	Item			millions)										thousands)					millions)										millions)
	Current assets				487,973					49.2					4,603,519					462,820					49.5					25,153
	Cash and cash equivalents				185,814										1,752,962					166,105										19,709
	Net trade receivables				159,495										1,504,670					157,118										2,377
	Inventories				93,897										885,821					88,816										5,081
	Other current assets				48,767										460,066					50,781										(2,014	)
	Noncurrent assets				503,752					50.8					4,752,377					472,713					50.5					31,039
	Investments in securities				68,464										645,887					68,714										(250	)
	Net property, plant and equipment				297,621										2,807,745					267,149										30,472
	Other assets				137,667										1,298,745					136,850										817
	TOTAL				991,725					100.0					9,355,896					935,533					100.0					56,192

	LIABILITIES AND STOCKHOLDERS’ EQUITY
	Term			As of June 30, 2008															As of March 31, 2008										Change from
																													March 31, 2008
				(Yen						%				(U.S.$					(Yen						%				(Yen
	Item			millions)										thousands)					millions)										millions)
	Current liabilities				199,524					20.1					1,882,302					161,961					17.3					37,563
	Short-term debt				40,344										380,604					8,898										31,446
	Current installments of long-term debt				291										2,745					294										(3	)
	Trade payables				78,445										740,047					76,391										2,054
	Accrued expenses				69,346										654,208					63,834										5,512
	Income taxes payables				1,600										15,094					7,660										(6,060	)
	Other current liabilities				9,498										89,604					4,884										4,614
	Noncurrent liabilities				54,421					5.5					513,406					53,311					5.7					1,110
	Long-term debt, excluding current installments				182										1,717					152										30
	Retirement and severance benefits				34,543										325,878					33,990										553
	Deferred income taxes				6,148										58,000					5,998										150
	Other noncurrent liabilities				13,548										127,811					13,171										377
	Total liabilities				253,945					25.6					2,395,708					215,272					23.0					38,673
	Minority interests				3,541					0.4					33,405					3,684					0.4					(143	)
	Common stock				32,641										307,934					32,641										—
	Additional paid-in capital				63,935										603,160					63,887										48
	Legal reserve				19,644										185,321					19,510										134
	Retained earnings				683,939										6,452,255					688,719										(4,780	)
	Accumulated other comprehensive income (loss)				(59,472	)									(561,057	)				(81,583	)									22,111
	Treasury stock				(6,448	)									(60,830	)				(6,597	)									149
	Total stockholders’ equity				734,239					74.0					6,926,783					716,577					76.6					17,662
	TOTAL				991,725					100.0					9,355,896					935,533					100.0					56,192

Note:
     U.S.$1=Yen 106, for convenience only.

TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)

6) Statements of income

	Term			1Q of FY2008										1Q of FY2009
				(April 1, 2007 -										(April 1,2008 -															Change
				June 30, 2007)										June 30,2008)
				(Yen						%				(Yen						%				(U.S.$					(Yen					Change(%)
	Item			millions)										millions)										thousands)					millions)
	Net sales				206,699					100.0					190,623					100.0					1,798,330					(16,076	)				-7.8
	Cost of sales				150,632					72.9					148,415					77.9					1,400,142					(2,217	)				-1.5
	Gross profit				56,067					27.1					42,208					22.1					398,188					(13,859	)				-24.7
	Selling, general and administrative expenses				39,938					19.3					36,815					19.3					347,311					(3,123	)				-7.8
	Operating income				16,129					7.8					5,393					2.8					50,877					(10,736	)				-66.6
	Other income (deductions):
	Interest and dividend income				2,440										1,118										10,547					(1,322	)
	Interest expense				(28	)									(79	)									(745	)				(51	)
	Foreign exchange gain (loss)				1,635										(698	)									(6,585	)				(2,333	)
	Other-net				5										(157	)									(1,481	)				(162	)
	Total other income (deductions)				4,052					2.0					184					0.1					1,736					(3,868	)				-95.5
	Income before income taxes				20,181					9.8					5,577					2.9					52,613					(14,604	)				-72.4
	Income taxes				4,051					2.0					1,340					0.7					12,642					(2,711	)				-66.9
	Income before minority interests				16,130					7.8					4,237					2.2					39,971					(11,893	)				-73.7
	Minority interests				108					0.0					(209	)				-0.1					(1,972	)				(317	)				—
	Net income				16,022					7.8					4,446					2.3					41,943					(11,576	)				-72.3

Note:
            U.S.$1=Yen 106, for convenience only.

TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)

7) Statements of cash flows

	Term			1Q of FY2008					1Q of FY2009
				(April 1, 2007 - June 30, 2007)					(April 1, 2008 - June 30, 2008)
	Item			(Yen millions)					(Yen millions)					(U.S.$ thousands)
	Cash flows from operating activities:
	Net income				16,022					4,446					41,943
	Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation and amortization				16,153					18,398					173,566
	Changes in assets and liabilities, net of effects of acquisition of businesses:
	Decrease (increase) in trade receivables				2,737					6,346					59,868
	Decrease (increase) in inventories				(10,374	)				(2,832	)				(26,717	)
	Increase (decrease) in trade payables				3,077					(4,243	)				(40,028	)
	Increase (decrease) in accrued expenses				(3,565	)				(7,124	)				(67,208	)
	Increase (decrease) in changes in other assets and liabilities, net				(3,200	)				(2,223	)				(20,972	)
	Other-net				1,428					1,479					13,954
	Net cash provided by operating activities				22,278					14,247					134,406
	Cash flows from investing activities:
	Capital expenditures				(22,170	)				(31,127	)				(293,651	)
	Proceeds from sale and maturity of short-tem investments				5,025					1,165					10,990
	Payment for purchase of short-term investments				(18,853	)				(1,014	)				(9,566	)
	Proceeds from sale and maturity of investments in securities				—					4,155					39,198
	Payment for purchase of investments in securities				(2,793	)				(786	)				(7,415	)
	Other-net				279					1,352					12,755
	Net cash used in investing activities				(38,512	)				(26,255	)				(247,689	)
	Cash flows from financing activities:
	Repayment of long-term debt				(116	)				(81	)				(764	)
	Increase (decrease) in short-term debt, net				(324	)				31,379					296,028
	Cash paid to acquire treasury stock				(39,232	)				(2	)				(19	)
	Dividends paid				(7,946	)				(9,027	)				(85,160	)
	Other-net				730					86					811
	Net cash provided by (used in) financing activities				(46,888	)				22,355					210,896
	Effect of exchange rate changes on cash and cash equivalents				8,048					9,362					88,321
	Net increase (decrease) in cash and cash equivalents				(55,074	)				19,709					185,934
	Cash and cash equivalents at beginning of period				289,169					166,105					1,567,028
	Cash and cash equivalents at end of period				234,095					185,814					1,752,962

Notes:

     U.S.$1=Yen 106, for convenience only.

TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)

8) Segment Information

1. Industry segment information

Recording media sales have dropped sharply due to the August 2007 transfer of the TDK brand recording media sales business and as a result these sales now account for less than 10% of total net sales. Because the electronic materials and components segment accounted for more than 90% of total net sales and operating income, segment information has been omitted.

2. Geographic segment information

	Term						1Q of FY2008										1Q of FY2009
							(April 1, 2007 -										(April 1, 2008 -															Change
							June 30, 2007)										June 30, 2008)
	Region						(Yen millions)					%					(Yen millions)					%					(U.S.$ thousands)					(Yen millions)					Change(%)
	Japan			Net sales				99,785					100.0					84,062					100.0					793,038					(15,723	)				-15.8
				Operating income (loss)				9,454					9.5					(1,772	)				-2.1					(16,717	)				(11,226	)				—
	Americas			Net sales				27,212					100.0					21,862					100.0					206,245					(5,350	)				-19.7
				Operating income				621					2.3					1,127					5.2					10,632					506					81.5
	Europe			Net sales				18,318					100.0					10,756					100.0					101,472					(7,562	)				-41.3
				Operating income (loss)				(498	)				-2.7					12					0.1					113					510					—
	Asia and			Net sales				142,860					100.0					141,994					100.0					1,339,566					(866	)				-0.6
	others			Operating income				6,600					4.6					6,940					4.9					65,472					340					5.2
	Intersegment			Net sales				81,476										68,051										641,991					(13,425	)
	eliminations			Operating income				48										914										8,623					866
	Total			Net sales				206,699					100.0					190,623					100.0					1,798,330					(16,076	)				-7.8
				Operating income				16,129					7.8					5,393					2.8					50,877					(10,736	)				-66.6

Notes:

     1. Net sales in each geographic area are based on the location of TDK entities where the sales are generated.
     2. U.S.$1=Yen 106, for convenience only.

3. Sales by region

	Term			1Q of FY2008										1Q of FY2009
				(April 1, 2007 -										(April 1, 2008 -															Change
				June 30, 2007)										June 30, 2008)
	Region			(Yen millions)					%					(Yen millions)					%					(U.S.$ thousands)					(Yen millions)					Change(%)
	Americas				24,735					12.0					22,590					11.9					213,113					(2,145	)				-8.7
	Europe				18,010					8.7					12,151					6.4					114,632					(5,859	)				-32.5
	Asia and others				125,011					60.5					123,417					64.7					1,164,312					(1,594	)				-1.3
	Overseas sales total				167,756					81.2					158,158					83.0					1,492,057					(9,598	)				-5.7
	Japan				38,943					18.8					32,465					17.0					306,273					(6,478	)				-16.6
	Net sales				206,699					100.0					190,623					100.0					1,798,330					(16,076	)				-7.8

Notes:

     1. Overseas sales are based on the location of the customers.
     2. U.S.$1=Yen 106, for convenience only.

TDK Corporation Consolidated 1Q of FY March 2009(U.S. GAAP)

9) Supplementary Information (Consolidated)

Exchange rates used for conversion

Term

1Q of FY2008

1Q of FY2009

FY 2008

April 1, 2007 -

April 1, 2008 -

April 1, 2007 -

June 30, 2007

June 30, 2008

March 31, 2008

Item

US$=Yen

Euro=Yen

US$=Yen

Euro=Yen

US$=Yen

Euro=Yen

Average rate for the period

120.82

162.75

104.56

163.44

114.44

161.59

The end of the period

123.26

165.64

106.42

168.07

100.19

158.19

Sales breakdown

	Term			1Q of FY2008										1Q of FY2009															Change
				(April 1, 2007 - June 30, 2007)										(April 1, 2008 - June 30, 2008)
				Amount					Ratio to					Amount					Ratio to					Amount
	Product			(Yen millions)					sales (%)					(Yen millions)					sales (%)					(U.S.$ thousands)					(Yen millions)					Change(%)
	Electronic materials				49,703					24.0					45,671					24.0					430,859					(4,032	)				-8.1
	Electronic devices				49,981					24.2					48,675					25.5					459,198					(1,306	)				-2.6
	Recording devices				70,416					34.1					72,445					38.0					683,443					2,029					2.9
	Others				36,599					17.7					23,832					12.5					224,830					(12,767	)				-34.9
	Total sales				206,699					100.0					190,623					100.0					1,798,330					(16,076	)				-7.8
	Overseas sales				167,756					81.2					158,158					83.0					1,492,057					(9,598	)				-5.7

Note:

     Recording media results are now included in the “others” sector.

Overseas sales by division

	Term			1Q of FY2008										1Q of FY2009
				April 1, 2007 -										April 1, 2008 -
				June 30, 2007										June 30, 2008										Change(%)
				Amount					Ratio to					Amount					Ratio to
	Product			(Yen millions)					sales (%)					(Yen millions)					sales (%)
	Electronic materials				37,436					18.1					33,899					17.8					-9.4
	Electronic devices				33,351					16.2					33,645					17.7					0.9
	Recording devices				69,640					33.7					71,860					37.7					3.2
	Others				27,329					13.2					18,754					9.8					-31.4
	Overseas sales				167,756					81.2					158,158					83.0					-5.7

Note:

     Recording media results are now included in the “others” sector.

Company group

     As of June 30, 2008, TDK had 93 subsidiaries (18 in Japan and 75 overseas). TDK also had 7 affiliates (4 in Japan and 3 overseas) whose financial statements are accounted for by the equity method.

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