Analyst Coverage

List of major analysts from securities covering TDK Corporation.

(As of May, 2012)

Barclays Capital Japan	Masaru Koshita
Calyon Capital Markets Asia B.V.	Amit Garg
Citigroup Global Markets Japan Inc.	Kota Ezawa
Credit Suisse Securities (Japan) Limited	Akinori Kanemoto
Daiwa Securities Capital Markets Co. Ltd.	Takumi Sado
Goldman Sachs (Japan) Ltd.	Daiki Takayama
JP Morgan Securities Japan Co., Ltd.	Masashi Itaya
Macquarie Securities (Japan) Ltd.	George Chang
Merrill Lynch Japan Securities Co., Ltd.	Masashi Kubota
Mitsubishi UFJ securities Co., Ltd.	Akihiko Uchino
Mizuho Securities Co., Ltd.	Eisaku Ohmori
Morgan Stanley MUFG Securities Co., Ltd.	Shoji Sato
Nomura Securities Co., Ltd.	Manabu Akizuki
OKASAN SECURITIES CO., LTD.	Koichi Akiyama
UBS Securities Japan Ltd.	Fumihide Goto

• [Advisory Notice]
  The sole purpose of this list of analysts is to introduce securities company analysts who survey and analyze TDK and compile analyst reports to investors.
  
  TDK does not support or recommend any of the opinions, forecasts, evaluations, numerical information, etc. expressed in these analyst reports, etc. Also, this information is not aimed at inducing investment in any securities.
  
  Investors are requested to make final decisions on investments at their own discretion.

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