Tomen Devices Sets 13 Billion Yen Profit Target in Midterm Plan to 2028
Tomen Devices (TYO:2737) is targeting net profit of 13 billion yen and a 15% return on equity under its medium-term plan through fiscal 2028, driven by AI-related growth and global expansion, according to a Friday filing on the Tokyo Stock Exchange.The company plans to leverage its core memory business and ties with Samsung to expand AI solutions, particularly in inference, while scaling operations in automotive and server/storage segments.Tomen Devices aims to strengthen overseas growth, focusing on Asia and North America, while investing up to 15 billion yen in expansion and maintaining a stable financial base.It also set a minimum dividend of 300 yen per share and a payout ratio target of 40% in the final year, supported by operating cash flow of about 60 billion yen over the plan period.
