TDK Corporation (TDK) is a manufacturer of ferrite products and a producer of inductor, ceramic capacitors, magnetic head and other components and recording media. It has four segments: electronic materials and components, recording media, insurance and real estate agent and semi-conductor product research and development. On October 17, 2008, the Company acquired EPCOS AG. On October 1, 2009, the Company established a Tokyo-based subsidiary.
Quick Financial Synopsis
BRIEF: For the six months ended 30 September 2009, TDK CORPORATION's revenues fell 3% to Y385.85B. The Company's net income fell 90% to Y1.14B. Revenues reflect decreased sales from American, Asian and Japan markets. Net income also suffers from higher percentage of cost of sales and selling, general & administrative expenses, the significantly increased interest expenses, as well as the decreased interest & dividend income.