TDK : Notice Concerning the Recording of Loss on Valuation of Shares of Subsidiaries and Associates (Non-consolidated Financial Results)
April 26, 2024 at 07:56 pm IST
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Notice Concerning the Recording of Loss on Valuation of Shares of Subsidiaries and Associates (Non-consolidated Financial Results)
April 26, 2024
1. Details
The Company has decided to record an extraordinary loss of ¥40,524 million for the fiscal year ended March 31, 2024, as a loss on valuation of shares of its subsidiary Hutchinson Technology Incorporated in which a significant decline in the real value was recognized.
2. Impact on consolidated financial results
Since this loss on valuation of shares of subsidiaries and associates will be eliminated in the consolidated financial statements, there will be no impact on consolidated business results for the fiscal year ended March 31, 2024.
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Japan
Mr. Atsuo OMAGARI
TDK Corporation
Tokyo, Japan
+81 3 6778-1068
TJP.ir@tdk.com
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TDK Corporation published this content on
26 April 2024 and is solely responsible for the information contained therein. Distributed by
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TDK Corporation specialises in the design, manufacture and sales of electronic products and recording equipment. Net sales break down by family product as follows:
- rechargeable batteries and energy converters (46.9%);
- electronic equipment and components (33.1%): ceramic capacitors, ferrites, magnets, inductors, high-frequency components, transformers, converters, thermistors, etc.;
- recording equipment (13.5%): recording appliances (notably magnetic heads for hard disks, heads for disk drives and thermal printer heads), recording equipment (audio and video cassettes, optical disks, computer data storage tapes, PC cards, etc.);
- other (3.5%): rechargeable batteries, memory cards, displays and mechatronic equipment.
Net sales break down geographically as follows: Japan (8%), China (56.8%), Asia (18.7%), Europe (10%) and Americas (6.5%).
TDK CORPORATION 
