The Board of Directors of Taiyo Yuden Co., Ltd., today resolved to request the company’s 66th Ordinary General Meeting of Shareholders, to be held on June 28, 2007, to approve a change to the company’s accounting auditor, in accordance with paragraph 1 of Article 328 of Japan’s Company Law and paragraph 1 Article 193-2 of the Securities and Exchange Law.

The measure was also approved at today’s Board of Auditors’ meeting on the condition that it be authorized at the 66th Ordinary General Meeting of Shareholders to be held on June 28, 2007, as described above. Details are provided below.

1. Reason for change
Izumi Audit Corporation, the company’s accounting auditor, will reach the expiration of its term of office at the closing of the Ordinary General Meeting of Shareholders to be held on June 28, 2007. The company has decided to appoint KPMG AZSA & Co. as its new accounting auditor.

2. Name and location of new accounting auditor
Name: KPMG AZSA & Co.
Office location: 1-2 Tsukudo-cho, Shinjuku-ku, Tokyo

3. Name and location of retiring accounting auditor
Name: Izumi Audit Corporation
Office location: 1 Kanda Kita Norimono-cho, Chiyoda-ku, Tokyo

4. Proposed date of change
June 28, 2007 (the date of the Ordinary General Meeting of Shareholders)