FDK Corporation announced unaudited consolidated earnings results for the full year ended March 31, 2014. For the year, the company reported net sales of ¥76,624 million against ¥73,547 million a year ago. Operating income was ¥1,448,000 against operating loss of ¥526 million a year ago. Ordinary income was ¥1,471 million against ¥174 million a year ago. Income before income taxes was ¥1,507 million against loss before income taxes of ¥7 million a year ago. Net income was ¥1,060 million against ¥453 million a year ago. Net cash provided by operating activities was ¥4,375 million against ¥1,089 million a year ago. Purchase of property, plant and equipment was ¥2,056 million against ¥2,903 million a year ago. Purchase of intangible assets was ¥47 million against ¥84 million a year ago.

Based on the midterm business plan, the company aims to be a profit yielding organization which can flexibly adjust to the changes in business environment by strengthening the revenue base of existing business. In addition, the company will continue to promote product synergies and will aggressively commit to proceed the release of new products in the markets expected to grow in the future, such as automobiles and smart grids, as well as proceeding various corporate alliances. As for the forecast for the fiscal year 2014, the company targets net sales at ¥82,000 million, operating income at ¥2,500 million, ordinary income at ¥1,600 million, and net income at ¥1,200 million or ¥4.28 per share.