TDK's Profit Climbs 17% in Fiscal Year Ended March

MT Newswires Live04-28 18:39

TDK's (TYO:6762) profit attributable to owners of the parent rose 17% to 195.7 billion yen for the fiscal year ended March 31 from 167.2 billion yen a year earlier.

The electronics company's earnings per share increased to 102.97 yen from 87.98 yen a year ago, according to a Tokyo bourse filing on Tuesday.

Net sales jumped 14% to 2.505 trillion yen from 2.205 trillion yen in the prior year.

In a separate disclosure, TDK raised its final dividend payout to 20 yen per share from 18 yen initially planned, and is payable from June 22.

For the fiscal year ending March 31, 2027, the company expects attributable profit of 225 billion yen, basic EPS of 118.54 yen, and net sales of 2.58 trillion yen.

TDK plans to pay interim and year-end dividends of 20 yen per share, each, for the year, which is higher than the amount paid in the year-ago period.

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