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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tdk Corp | NYSE:TDK | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Form 20-F | þ | Form 40-F | o |
Yes | o | No | þ |
SIGNATURES | ||||||||
Amendments of FY March 2008 Earnings Release (Consolidated Results) |
TDK Corporation
(Registrant) |
||||
June 18, 2008 | BY: | /s/ Seiji Enami | ||
Seiji Enami | ||||
Director and CFO,
Senior Vice President, General Manager of Finance and Accounting Department |
||||
|
TDK Corporation | |||
|
1-13-1, Nihonbashi | |||
|
Chuo-ku, Tokyo | |||
|
103-8272 Japan |
1. | Reasons for Amendments |
As a result of a detailed examination of non-recurring transactions that arose during the fiscal year under review, such as business and asset transfers and corporate acquisitions, TDK has decided to partially correct its cash flows statement in the interests of more proper presentation. |
2. | Amendments |
1)Net cash provided by operating activities JPY 119,721 millions => JPY 119,413 millions | ||
2)Net cash used in investing activities JPY -158,055 millions => JPY -157,747 millions |
Changes resulting from these amendments are underlined in the corresponding pages. |
(1) | Financial Position (Page 8,9) | ||
(2) | Statements of cash flows (Page 15) |
Total assets
|
¥935,533 million | (5.4% decrease) | ||
Total stockholders equity
|
¥716,577 million | (6.0% decrease) | ||
Stockholders equity ratio
|
76.6% | 0.5 percentage point decrease |
Fiscal 2007 | Fiscal 2008 | Change | |||||||||||||||
Net cash provided by operating activities
|
145,483 |
119,413
|
(26,070)
|
||||||||||||||
Net cash used in investing activities
|
(81,488 | ) |
(157,747)
|
(76,259)
|
|||||||||||||
Net cash used in financing activities
|
(15,862 | ) | (60,086 | ) | (44,224 | ) | |||||||||||
Effect of exchange rate changes on cash
and cash equivalents
|
2,019 | (24,644 | ) | (26,663 | ) | ||||||||||||
Net increase (decrease) in cash and cash equivalents
|
50,152 | (123,064 | ) | (173,216 | ) | ||||||||||||
Cash and cash equivalents at beginning of period
|
239,017 | 289,169 | 50,152 | ||||||||||||||
Cash and cash equivalents at end of period
|
289,169 | 166,105 | (123,064 | ) | |||||||||||||
8
FY2004 | FY2005 | FY2006 | FY2007 | FY2008 | |||||||||||||||||||||||
1) Stockholders equity ratio (%)
|
74.8 | 79.1 | 76.1 | 77.1 | 76.6 | ||||||||||||||||||||||
2) Capital adequacy ratio on a market value basis
|
136.7 | 120.1 | 127.0 | 136.8 | 81.2 | ||||||||||||||||||||||
3) No. of years to redeem debt
|
0.00 | 0.00 | 0.08 | 0.03 | 0.08 | ||||||||||||||||||||||
4) Interest coverage ratio (times)
|
352.4 | 97.0 | 598.1 | 727.4 |
547.8
|
||||||||||||||||||||||
(Yen) | FY2009 Forecast | FY2008 Forecast | ||||||||||
Interim dividend
|
70.00 | 60.00 | ||||||||||
Year-end dividend
|
70.00 | 70.00 | ||||||||||
Annual dividend
|
140.00 | 130.00 | ||||||||||
9
I-6) Statements of cash flows | Amendments (June 18, 2008) |
Term | FY2007 | FY2008 | ||||||||||||||||||
(April 1, 2006 -
March 31, 2007) |
(April 1, 2007 - March 31, 2008) | |||||||||||||||||||
Item | (Yen millions) | (Yen millions) | (U.S.$ thousands) | |||||||||||||||||
|
||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||
|
Net income | 70,125 | 71,461 | 714,610 | ||||||||||||||||
|
Adjustments to reconcile net income to | |||||||||||||||||||
|
net cash provided by operating activities: | |||||||||||||||||||
|
Depreciation and amortization | 65,337 | 71,297 | 712,970 | ||||||||||||||||
|
Loss on disposal of property and equipment | 2,649 | 2,955 | 29,550 | ||||||||||||||||
|
Deferred income taxes | (1,878 | ) | (1,885 | ) | (18,850 | ) | |||||||||||||
|
Loss (gain) on securities, net | 212 | 2,081 | 20,810 | ||||||||||||||||
|
Gain on business transfer to Imation Corp. | | (15,340 | ) | (153,400 | ) | ||||||||||||||
|
Gain on sale of a subsidiary | | (274 | ) | (2,740 | ) | ||||||||||||||
|
Changes in assets and liabilities, | |||||||||||||||||||
net of effects of acquisition of businesses:
|
||||||||||||||||||||
|
Decrease (increase) in trade receivables | 11,241 | (13,791 | ) | (137,910 | ) | ||||||||||||||
|
|
|
||||||||||||||||||
|
Decrease (increase) in inventories | 892 | (14,952 | ) | (149,520 | ) | ||||||||||||||
|
|
|
||||||||||||||||||
|
Decrease (increase) in other current assets | 6,202 | (9,090 | ) | (90,900 | ) | ||||||||||||||
|
|
|
||||||||||||||||||
|
Increase (decrease) in trade payables | (5,272 | ) | 16,723 | 167,230 | |||||||||||||||
|
|
|
||||||||||||||||||
|
Increase (decrease) in accrued expenses | (7,068 | ) | 8,745 | 87,450 | |||||||||||||||
|
|
|
||||||||||||||||||
|
Increase (decrease) in income taxes payables, net | 4,004 | (849 | ) | (8,490 | ) | ||||||||||||||
|
|
|
||||||||||||||||||
|
Increase (decrease) in other current liabilities | (1,808 | ) | 1,962 | 19,620 | |||||||||||||||
|
|
|
||||||||||||||||||
|
Increase (decrease) in retirement and severance benefits, net | (74 | ) | (2,221 | ) | (22,210 | ) | |||||||||||||
|
|
|
||||||||||||||||||
|
Other-net | 921 | 2,591 | 25,910 | ||||||||||||||||
|
|
|
||||||||||||||||||
Net cash provided by operating activities | 145,483 | 119,413 | 1,194,130 | |||||||||||||||||
|
|
|
||||||||||||||||||
|
||||||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||
|
Capital expenditures | (70,440 | ) | (84,312 | ) | (843,120 | ) | |||||||||||||
|
Proceeds from sale and maturity of | |||||||||||||||||||
short-term investments
|
20,046 | 18,508 | 185,080 | |||||||||||||||||
|
Payment for purchase of short-term investments | (31,089 | ) | (8,540 | ) | (85,400 | ) | |||||||||||||
|
Proceeds from sale of investments in securities | 23 | 178 | 1,780 | ||||||||||||||||
|
Proceeds from maturity of investments in securities | | 999 | 9,990 | ||||||||||||||||
|
Acquisitions of businesses and assets | | (37,155 | ) | (371,550 | ) | ||||||||||||||
|
|
|
||||||||||||||||||
|
Payment for purchase of investments in securities | (3,638 | ) | (17,834 | ) | (178,340 | ) | |||||||||||||
|
Transfer of businesses | | 2,364 | 23,640 | ||||||||||||||||
|
Proceeds from sale of a subsidiary | | 900 | 9,000 | ||||||||||||||||
|
Acquisition of subsidiaries, net of cash acquired | | (18,182 | ) | (181,820 | ) | ||||||||||||||
|
Acquisition of affiliates | | (2,206 | ) | (22,060 | ) | ||||||||||||||
|
Proceeds from sales of tangible and intangible assets | 3,678 | 3,000 | 30,000 | ||||||||||||||||
|
Acquisition of minority interests | (6 | ) | (15,855 | ) | (158,550 | ) | |||||||||||||
|
Other-net | (62 | ) | 388 | 3,880 | |||||||||||||||
|
|
|
||||||||||||||||||
Net cash used in investing activities | (81,488 | ) | (157,747 | ) | (1,577,470 | ) | ||||||||||||||
|
|
|
||||||||||||||||||
|
||||||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||
|
Repayment of long-term debt | (2,143 | ) | (9,242 | ) | (92,420 | ) | |||||||||||||
|
Increase (decrease) in short-term debt, net | (1,456 | ) | 3,574 | 35,740 | |||||||||||||||
|
Proceeds from exercise of stock options | 1,159 | 882 | 8,820 | ||||||||||||||||
|
Cash paid to acquire treasury stock | (32 | ) | (39,250 | ) | (392,500 | ) | |||||||||||||
|
Dividends paid | (13,230 | ) | (15,683 | ) | (156,830 | ) | |||||||||||||
|
Other-net | (160 | ) | (367 | ) | (3,670 | ) | |||||||||||||
Net cash used in financing activities | (15,862 | ) | (60,086 | ) | (600,860 | ) | ||||||||||||||
|
||||||||||||||||||||
Effect of exchange rate changes on cash and cash equivalents | 2,019 | (24,644 | ) | (246,440 | ) | |||||||||||||||
Net increase (decrease) in cash and cash equivalents | 50,152 | (123,064 | ) | (1,230,640 | ) | |||||||||||||||
Cash and cash equivalents at beginning of period | 239,017 | 289,169 | 2,891,690 | |||||||||||||||||
Cash and cash equivalents at end of period | 289,169 | 166,105 | 1,661,050 | |||||||||||||||||
15
1 Year T D K Chart |
1 Month T D K Chart |
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