Announcement of the Revised A chievements

Tokyo January 30, 2002, FDK CORPORATION announced today, based on the latest
achievements, the predicted financial results for the semiannual, which was announced on
September 24, 2001, are revised as follows.

1. Revision of forecasted financial results(1) Consolidated basis of fiscal year 2001(From April 1, 2001 to March 31, 2002)(Million of yen)
Forecast as of …
Net sales
Current profit
Income after
income taxes
September 24, 2001
107,000-800-8,200January 30, 2002
Difference
Rate of difference(% change)(Reference) Achievements of fiscal year 2000

97,700-9,300-8.7%-4,100-3,300-11,800-3,600120,036

5,057

4,270(2) Non-concolidated basis of fiscal year 2001(From April 1, 2001 to March 31, 200 2)(Million of yen)
Forecast as of …
Net sales
Current profit
Income after
income taxes
September 24, 2001
99,000400-6,640January 30, 2002
Difference
Rate of difference (% change)(Reference) Achievements of fiscal year 2000

84,300-14,700-14.8%
104,483-2,700-3,100-11,300-4,660

2,287

1,471

2. The reason of revision
Although there are recovery signs in some of the products in the achievements of the first half ofthe fiscal year 2001, the strategic products of our company such as optical device, switching
power supply, etc. are likely to fall greatly beyond the original anticipation, resulting in theforecasted value less than the one released at the middle settlement announcement.

3. Growth strategy of FDK group
Several measures are carried out based on the "Reconstruction of enterprise structural reform of
FDK group" released on September 21, 2001. In addition, measures toward mid- and long-termgrowth and its realization were got into shape.
Further, as part of the measures Iwaki Electronics Co. , Ltd., 100% subsidiary of our company
will be taken over on April 1,2002.
Remark: refer to the released “Reconstruction of enterprise structural reform and FDK group ”(Remark)
The anticipation numerical value indicated above is calculated based on the information, which
is obtainable at present, it may contain many indefinite elements.
Therefore, please understand the actual achievements may greatly differ from the indicatedanticipation of this release according to the change of business conditions.

Growth Strategy of FDK Group
January 31, 2002 - FDK CORPORATION in order to overcome the worldwide depression on IT
business and effectively respond to rapid changes in the market structure, FDK group announced its
intention to carry out new organizational structure strategy accordingly on September 21, 2001.
Based on the announced measures in the 2nd half of fiscal year 2001 domestic manufacture base will
be shifted to China including generalization function of ferrite enterprise, also cutting off the constantcost will be realized mainly by curtailing of staff with a special transfer support system and increasing
the efficiency would be taken as a crucial point while implementing some individual strategies.

Consequently, the future growth for mid-and long-term is expected and further defined, under thecurrent strategy the recovery of the market condition will be caught up . The following measures
will be implemented to build up a stable management base.

1. Growth Orientation
The status of FDK as a key device supplier in the latest field of theBroad-band Internet is established.
²Concentration of the management resources to support the growth of Broad-band
Internet related product.

²

Technical trend and customer needs are responded accurately to developing a proposed²type business and improving customer satisfaction.
Strengthening the cooperation among groups and alliance of enterprise base with theclients outside the company to generate the synergy and increase efficiency.

Product s with high potential growth will be considered as a key device in the Broad-band
Internet and positioned as core business. And the enterprise structure is stabilized bycooperation with products with mature markets such as battery or ferrite that supports thosehighly expected products.

GROWTH OF BROAD-BAND INTERNETＦＤＫ ＧＲＯＵＰferrite
CORE BUSINESSbattery

Hybridmodule

Opticaldevice

P o w e r systemmodulestepper motor

Technology , Marketing , Low -cost manufacturing

KEY -DEVICESUPPLY2. The action plan for strategy implementation.
(1) Reorganizing core business group
The product of Broad-band Internet field will be positioned as the core business group,
which will be reorganized as the following three fields.
Optical device
Hybrid module
Power system・module(2) Strengthening of optical device business
As optical network field shift from a long-holl system to metropolitan system and access system,
its high growth can be expected in the future. On that account, the strengthening is tackled bydefining optical device business into the maximum important subjects, and the top company of
optical passive devices is aimed.
I.
Strengthening the cooperation with FUJITSU and FUJITSU group
II.
Reexamining and strengthening the product development system(3) The merger of Iwaki Electronics Co., Ltd.
In order to reorganize core business group and to build the most efficient organization for strategy
realization, Iwaki Electronics co. , Ltd, a 100% subsidiary is to be merged.
Plan to merge on 1st April 2002
(4) Strengthening the marketing power and product development power
Reexamining the administration and management system and strengthening of selling
channel in Europe, the United States and China, so as to catch customer needs
accurately to realize product development.
(5) Rationalization of mature products and consolidating of enterprise baseFerriteWhile establishing the enterprise organization with a focus in China (in the 2nd half of fiscal
year 2001), the domestic sale in China is enhanced by taking the advantage of leading
technology.
BatteryEnterprise management is strengthened through promotion of strategic alliance with Sony,practically using of the Indonesia manufacture base and strengthening of domestic sellingsystem.
Stepper motor
In addition to OA apparatus which used to be pillar, apparatus for cars are also strongly
promoted, and the growth are expected to be stabilized at two bases of Xiamen FDK
corporation and FDK (Thailand) Co. , Ltd.