TDK Corporation - Acquisition of HDD Head Asset

| Source: TDK Corporation TDK Corporation

Tokyo, Japan--(Marketwire - September 26, 2007) - 


TOKYO JAPAN, September 26, 2007 ----- TDK Corporation (TDK) announced that today
it concluded an agreement with Alps Electric Co., Ltd. (Alps) regarding the
transfer of Alps' equipment and intellectual property rights such as patents
and know-how concerning its HDD head business. The agreement was approved by
both companies' boards of directors and is the culmination of negotiations
following a basic agreement concluded on March 15th this year. The content of
the agreement signed today is summarized below.



1. Reasons for Acquisition of the Assets
    To enhance TDK's ability to compete internationally by improving
    the efficiency of its operations and enabling TDK to offer enhanced 
    technologies in its HDD head business.


2. Assets Purchased
   Assets and Location, etc.                             Purchase Price
   Equipment/Certain equipment located at Alps           JPY36,150 million
             factories in Japan                          (Incl. tax, etc.)
             (Nagaoka, Niigata Prefecture) and China      
             (Wuxi, Jiangsu; and Ningbo, Zhejiang)
   Intellectual property/ patents and know-how, etc.


3. Overview of Seller

   Company         Alps Electric Co., Ltd.

   Headquarters    1-7, Yukigaya-otsuka-cho, Ota-ku, Tokyo, Japan

   Representative  Masataka Kataoka, President

   Paid-in Capital JPY23,623 million (As of March 31, 2007)

   Principal       Japan Trustee Services Bank, Ltd. (Trust account)    6.82%
   Stockholders    The Master Trust Bank of Japan, Ltd. (Trust account) 5.76%
                   Mitsui Sumitomo Insurance Company, Limited           2.30%
                   Mitsui Life Insurance Company Limited                1.97%
                   Nippon Life Insurance Company                        1.90%
                   (As of March 31, 2007)

   Main business   Manufacture and sale of electronic components, audio
                   products, etc.

   Relationship    The companies are unrelated in terms of  capital or
   with TDK        human resources  (including secondments of employees
                   or cross-directorships). TDK sells electronic
                   components (excluding HDD heads) to Alps.


                                     -more-

4. Acquisition Schedule
   September 26, 2007          Board of Directors' resolution, conclusion of
   agreement
   End of February 2008        Planned completion of the transfer

5. Effect on Operating Results
   The purchase of these assets is expected to have an immaterial
   effect on TDK's operating results for the current fiscal year.



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