TDK Corporation

04/26/2024 | Press release | Distributed by Public on 04/26/2024 00:06

Notice Concerning the Recording of Loss on Valuation of Shares of Subsidiaries and Associates (Non-consolidated Financial Results)

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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.

Contacts for media

Region Contact Phone Mail
Japan Mr. Atsuo OMAGARI TDK Corporation
Tokyo, Japan 		+81 3 6778-1068 [email protected]