NEWS RELEASE

Mar. 30, 2022
FDK CORPORATION
President: Ryo Nagano(Code: 6955 Second Section, TOKYO)
Contact: Nobuyuki WatanabeGroup Vice President of Corporate Group(Tel: +81-3-5715-7400)

Announcement of Company Split (Absorption-type) and share transfer of FDK consolidated subsidiary
FDK CORPORATION (“FDK”) made the resolution in a board meeting today to transfer the Coil device and Ferrite corebusiness, which are the Electronic Device Businesses of FDK, to FDK SALES CO., LTD. (“FDK SALES”) by way of a company
split (absorption-type), effective July 1st, 2022. In addition, FDK has contracted to transfer all shares of FDK SALES to Sinosteel
New Materials Co., Ltd. (“Sinosteel”).
Since the company split is an independent absorption-type split, part of the disclosure information is omitted in thisannouncement.
1. Purpose of the Company Split and share transfer
To realize the vision formulated within the FDK Group Strategy Framework 10 years’ scheme and accomplish the Status-tobe-in-10-years, the FDK Group is working to revitalize and reorganize by leveraging the technological capabilities of our current
business portfolio.
Sinosteel plans to strengthen its magnetic material applied products and has positioned Coil devices of Nanjing Jinning San
Huan Co., Ltd., a subsidiary of Sinosteel and a consignee of FDK’s Coil devices, as a priority product. Sinosteel offered to transfer
its coil device and ferrite core business to FDK to contribute to furthering Sinosteel’s business expansion.
FDK scrutinized future business operations with respect to the proposed transfer and held discussions with Sinosteel. As a result,
FDK concluded that it would be optimal to transfer all shares of FDK SALES to Sinosteel after having FDK SALES assume therights and obligations related to FDK’s Coil device and Ferrite core businesses.
2. Outline of the Company Split and share transfer(1) Schedule for the Company Split and share transfer
Date of resolution on the approval of the company split and share transfer by way ofMarch 30, 2022
board meeting
Date of contact of absorption-type company split and conclusion of final agreement
March 30, 2022
Effective date of the company split
July 1, 2022 (scheduled)
Date of the share transfer
July 1, 2022 (scheduled)* This company split is implemented without the approval of General Meeting of Shareholders as this is simple absorptiontype split defined by Japanese Companies Act article 784 (2).
(2) Method of the Company Split
The Company Split is a simple absorption-type company split in which FDK is the split company and the rights and obligationsof the coil device and ferrite core business are transferred to the successor company.
(3) Details of allotment related to the Company Split
The successor company will not allot the value through the company split.
(4) Treatment of share acquisition rights associated with the Company Split
Not applicable.
(5) Changes in capital as a result of the Company Split
The capital of FDK will not change as a result of the company split.
(6) Rights and obligations transferred to the successor company
The successor company will succeed the liabilities, contracts and rights and obligations involving the coil device and ferrite
core business from FDK(7) Outlook for performance of obligations
The Company judged that the obligations to be borne by FDK and the successor company in this company split would beperformed without difficulty.

NEWS RELEASE(8) Outline of Transfer of Shares
FDK will transfer all shares of the successor company to Sinosteel on July 1, 2022.
3. Overview of the companies in the Company Split
Split Company(1) Company NameFDK CORPORATION(2) Location
1-6-41 Konan, Minato-ku, Tokyo, JAPAN(3) Title and name of
Ryo Nagano, President & CEO
Representative(4) Business description
Manufacturing and Sales of batteries andelectronic devices and components(5) Capital(as of March 31,31,709 million yen
2021)(6) Date ofFebruary 7, 1950
establishment(7) Number of shares
34,536,000(8) Fiscal year
March 31
FUJITSU LIMITED 58.81%(9) Major shareholders
FUJI ELECTRIC CO., LTD. 0.98%
and respective
MATSUI SECURITIES CO., LTD 0.58%
shareholding(as of March 31,2021)(10) Financial results of Split Company
Fiscal year
FY2020 (consolidated)
Net Assets (million yen)
10,888
Total Assets (million48,064yen)
Net Assets Per Share
315.37(yen)
Net Sales (million yen)
61,543Operating
Profit1,743(million yen)
Ordinary Profit (million1,274yen)
Profit attributable toownersofparent
2,009(million yen)
Net Profit Per Share
58.24(yen)*Indicates Profit for the period.

Successor Company
FDK SALES CO., LTD.
1-6-41 Konan, Minato-ku, Tokyo, JAPANRyuichiro Akiyama, President & CEO
Sale of batteries, electronic materials andelectronic parts
20 million yenJune, 2012
2,000March 31
FDK CORPORATION 100%

FY2020 (non-consolidated)30
31
15,422.18
137
3
3-0 *- 379.50

4. Overview of the business division in the Split(1) Business overview of the divisions in the split
Coil device and Ferrite core business in FDK Electronic Device business.
(2) Business Result of the divisions in the split (FY2020)
Net Sales: 1,516 million yen(3) Items and Amount of Assets, Liabilities in the split (as of March 31, 2021)
There are no assets or liabilities to be divided in the company split.
5. Status after the Company Split
Company name, location, title and name of representative, capital and fiscal year of FDK will not change after the companysplit

NEWS RELEASE

6. Profile of share acquiring company(1) Company Name
Sinosteel New Materials Co., Ltd.
(2) Location
9 South Huolishan Avenue Maanshan,City,Anhui Province, P.R.China 243000(3) Title and name ofMao Haibo, Chairman/President
Representative(4) Date of establishment
March, 2002
(5) Capital
746 million RMB
Manufacture and sale of magnetic materials, magnetic equipment, metallic material(6) Business description
measurement, and environmental equipment(7) Relationship with FDK
No capital relationship and no personal relationship
7. Number of transfer shares, transfer amount and number of shares held before and after transfer(1) Number of shares held
2,000 (100%)
before transfer(2) Number of transfer
2,000 (100%)
shares(3) Purchase price
US$ 274,000(4) Number of shares held
0 (0%)
after transfer
8. Future prospect
The impact of this share transfer on our consolidated business results is expected to be minor.