Announcement of the Revised A chievements Forecast
Tokyo September 27, 2002, FDK CORPORATION announced today, based on the latest
achievements, the predicted achievement in the settlement-of-accounts, which wasannounced on April 25, 2002, are revised as follows.
1 . Revision of consolidated achievement anticipation(1) 1st half of fiscal year 2002(From April 1, 2002 to September 30, 2002)(Millions of yen)
Forecast as of …

Net sales

Operating
Income(loss)

Net Income(loss)

April 25, 2002

49,000(500)(2,200)

September 27, 2002

45,500(800)(3,300)Difference−3,500−300−1,100Rate of difference−7.1%
582(1,761)(Reference) Achievement of
1st half of fiscal year 2001

52,567(2) F iscal year 2002(From April 1, 2002 to March 31, 200 3)(Millions of yen)
Forecast as of …

Net sales

Operating
Income(loss)

Net Income(loss)

April 25, 2002

110,000

2,800(1,000)

September 27, 2002

95,300900(4,500)

Difference−14,700−1,900−3,500Rate of difference−13.4%−67.9%

100,613(226)(Reference) Achievement of
1st half of fiscal year 2001

(12,308)

2 . Revision of severalty achievement anticipation(1) 1st half of fiscal year 2002(From April 1, 2002 to September 30, 2002)(Millions of yen)
Forecast as of …

Net sales

Operating
Income(loss)

Net Income(loss)

April 25, 2002

38,000(900)(2,000)

September 27, 2002

33,000(400)(2,400)Difference−5,000＋500−400Rate of difference−13.2%
1,335

105(Reference) Achievement of
1st half of fiscal year 2001

46,714

(2) F iscal year 2002(From April 1, 2002 to March 31, 200 3)(Millions of yen)
Forecast as of …

Net sales

Operating
Income(loss)

Net Income(loss)

April 25, 2002

85,0001,300(1,000)

September 27, 2002

66,000500(3,700)

Difference−19,000−800−2,700Rate of difference−22.4%−61.5%

84,581(493)(Reference) Achievement of
1st half of fiscal year 2001

(11,542)3 . The reason of revision
While business slump in the telecommunication market was prolonging, at thebeginning of the fiscal year we have expected that the market condition recoverfrom the second quarter. Although sales are lengthened in some products, it isestimated that big growth in the second half year is not expectable as the whole.
Especially with the steep decline in the telecommunications market, early recoveryof optical components business cannot be expected. Therefore, it is much likely to beless than the announced sales anticipation at the beginning of the fiscal year.
Moreover, due to the Japanese makers production shift to China and the rise of
China makers we are exposed to a very severe price competition and overlappedwith the high cost accompanying the fall of operation, as well as profit and loss aregreatly pressed.
FDK performed structural reform, such as the China shift of ferrite enterprise in
the last fiscal year. However, inactivation of market conditions and change ofbusiness conditions is far beyond the original anticipation, a strong enterprise
structure that can respond to changes in the market has become pressing need.
Therefore, structural reform such as streamlining domestic base and staff’s
curtailment is conducted. Structural reform expenses are expected to be about
1,300 million yen, it is added up as extraordinary loss in the second half year in thisperformance anticipation.
(Remark)
The anticipation numerical value indicated above is calculated based on theinformation, which is obtainable at present, it may contain many indefiniteelements.
Therefore, please understand the actual achievements may greatly differ from theindicated anticipation of this release according to the change of business conditions.