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TDK's Profit Nearly Doubles in Fiscal Q1 as Sales Soar 38%

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TDK's (TYO:6762) profit attributable to owners of the parent rose 94% to 80.6 billion yen for the fiscal first quarter ended June 30, from 41.5 billion yen a year earlier.

The electronics company's earnings per share increased to 42.40 yen from 21.82 yen a year ago, according to a Tokyo bourse filing on Friday.

Net sales jumped 38% year on year to 741.0 billion yen from 535.8 billion yen.

For the fiscal year ending March 31, 2027, the company expects an attributable profit of 225.0 billion yen, basic EPS of 118.54 yen, and net sales of 2.580 trillion yen.

TDK maintained its annual dividend forecast of 40.00 yen per share, split evenly between an interim payout of 20.00 yen and a year-end dividend of 20.00 yen.

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