TDK Corporation (President: Takehiro Kamigama) today
announced that it will merge its wholly owned subsidiary
TDK Ujo Corp. with another wholly owned subsidiary, TDK-MCC
Corp. (Nikaho City, Akita Prefecture), through an
absorption-type merger. TDK Ujo Corp. manufactures medium-
and high-voltage capacitors, and dip capacitors; and
TDK-MCC Corp. also manufactures capacitors. The merger will
effectively transfer TDK Ujo Corp.'s production to overseas
as described below. This move is part of TDK's current
measures to strengthen its manufacturing capabilities and
enhance its earnings power.
Purpose
In response to structural economic changes, an
increasingly fierce global business environment and other
developments, TDK is currently implementing structural
reforms to remain competitive in the global market. As
part of these reforms, TDK decided to merge TDK Ujo Corp.
with TDK-MCC Corp. through an absorption-type merger.
Moreover, after examining the cost-competitiveness,
profitability, future prospects and other factors
concerning the medium- and high-voltage capacitors and
dip capacitors* handled by TDK Ujo Corp., TDK has decided
to transfer and concentrate production overseas.
Following the transfer of production, the production site
of TDK Ujo Corp. will be closed.
Main schedule for merger and transfer of production
(1)
Merger of TDK Ujo Corp. by absorption into TDK-MCC
Corp.: July 1, 2012
(2)
Closure of TDK-MCC Corp. Ujo Plant (currently TDK
Ujo Corp.): End of September 2012.
Personnel
In the merger by absorption, the employees of TDK Ujo
Corp. are to be transferred to the Honjo Plant of TDK-MCC
Corp.
Overview of TDK Ujo Corp. (As of December 2011)
(1) Company
TDK Ujo Corp.
(2) Address
50 Kamota, Aza Ushiroseki, Showa-Midarebashi,
Katagami City, Akita Prefecture
(3) Representative
Kazuo Suzuki
(4) Business
Manufacture of medium- and high-voltage capacitors
and dip capacitors
(5) Established
October 1968
(6) Capital
¥110 million
* Dip capacitor
A capacitor with lead wires attached, generally used in
electronic devices
For further information, contact the Corporate
Communications Dept.
Tel.: 81-3-5201-7102
E-mail: pr@jp.tdk.com
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TDK Corporation specialises in the design, manufacture and sales of electronic products and recording equipment. Net sales break down by family product as follows:
- rechargeable batteries and energy converters (46.9%);
- electronic equipment and components (33.1%): ceramic capacitors, ferrites, magnets, inductors, high-frequency components, transformers, converters, thermistors, etc.;
- recording equipment (13.5%): recording appliances (notably magnetic heads for hard disks, heads for disk drives and thermal printer heads), recording equipment (audio and video cassettes, optical disks, computer data storage tapes, PC cards, etc.);
- other (3.5%): rechargeable batteries, memory cards, displays and mechatronic equipment.
Net sales break down geographically as follows: Japan (8%), China (56.8%), Asia (18.7%), Europe (10%) and Americas (6.5%).
TDK CORPORATION 
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