TDK raises full-year profit and dividend forecasts on strong first-half

TDK Corporation has revised its consolidated financial projections for the fiscal year ending March 31, 2026, due to strong first-half performance. Net sales are now projected at ¥2,370,000 million (previously ¥2,120,000-¥2,200,000 million), operating profit at ¥245,000 million (previously ¥180,000-¥225,000 million), and net profit attributable to owners of parent at ¥180,000 million (previously ¥135,000-¥170,000 million). This positive adjustment reflects robust production in the ICT market, including smartphones and HDDs, and increased sales of rechargeable batteries, sensors, and HDD suspension assemblies.

In line with these improved financial prospects, TDK also announced an interim dividend of ¥16.00 per share for the fiscal year ending March 31, 2026, an increase from the previously projected ¥15.00. The year-end dividend projection has also been raised to ¥16.00 per share, resulting in a total annual dividend forecast of ¥32.00 per share.

The company's first-half results for FY March 2026 show net sales of ¥1,183,363 million, up 8.6% year-on-year, and operating profit of ¥147,627 million, up 10.7%. Net profit attributable to owners of parent increased by 5.4% to ¥111,406 million. The average yen exchange rates for the first half were ¥146.08 against the U.S. dollar and ¥168.07 against the euro.