

The TDK Group's consolidated sales in the fiscal year ended March 31, 2012 came to \814.5 billion, down 7.0% over the previous year. This can largely be attributed to underwhelming sales of flat-screen TVs, notebook PCs, and other digital home appliances; fallout from the Great East Japan Earthquake and the floods in Thailand; the effects of the appreciated yen; and the impact of production adjustments made by certain major clients. Nonrecurring factors affecting sales during said fiscal year can be found on the bottom of this page.



The same factors negatively impacting sales combined with the posting of nonrecurring expenses stemming from structural reforms and pension program changes to bring operating income for the fiscal year ended March 31, 2012 to ¥18.7 billion, a year-on-year decrease of 70.9%. Nonrecurring factors affecting operating income during said fiscal year can be found on the bottom of this page.


On top of the measurable decrease in operating income, non-operating losses for the fiscal year ended March 31, 2012 came to ¥6.4 billion, up from last year's figure of ¥3.7 billion. This was chiefly due to a deterioration in income (deductions) related to securities. For tax expenses, the impact of corporate tax relief and reconstruction taxes coupled with a reevaluation of the recoverability of deferred tax assets resulted in the posting of approximately ¥12.0 billion in income taxes. The above cumulated in net losses of ¥2.5 billion for said fiscal year.

| Forex impact | · Sales : -50.9 · Operating income : -15.1 |
|---|---|
| Earthquake impact | · Sales : -5.4 · Operating income : -3.5 |
| Thailand flooding impact | · Sales : -14.7 · Operating income : -4.9 |
| One off charge associated with the change of the pension plan (Only 1st quarter) | · Operating income : -3.1 |
| Restructuring cost | · Operating income : -13.0 |
| Impact of a corporate tax reduction and the special corporation tax for reconstruction, as well as the reassessment of the recoverability of deferred tax assets | · Booked income taxes of about 12.0 |