Link copied
TDK Shares Soar After Forecast Beat Outweighs Memory Price Fears.
companies :: 1day ago :: source - bloomberg
By Mayumi Negishi
(Bloomberg) -- TDK Corp. shares surged 11% after the Japanese electronics components maker raised its full-year operating profit forecast, citing stronger-than-expected demand and a weaker yen.
The Apple Inc. supplier’s stock price jumped by its most intraday since April last year. The company the previous day lifted its operating income outlook for the year ending March by 8% to ¥265 billion ($1.7 billion), ahead of the average of analyst estimates. The company also raised its net income and sales forecasts, and it raised its dividend projection to ¥34 a share.
Most Read from Bloomberg
ICE Begins Buying ‘Mega’ Warehouse Detention Centers Across US
LA’s $1.2 Billion Graffiti Towers Reach Bankruptcy Exit Deal
TDK said sales of batteries and sensors expanded following new smartphone launches, while demand for hard disk drives used in data centers remained firm. Rising memory prices pose limited risk to its operations, which skew toward high-end smartphones, executives said.
The third-quarter results were positive and the above-consensus full-year operating profit guidance is “encouraging,” Citi analyst Takayuki Naito wrote in a note, adding that the stock could rebound further despite lingering concerns over smartphone and device volumes in fiscal 2027.
--With assistance from Aya Wagatsuma and Yuki Furukawa.
Most Read from Bloomberg Businessweek
This week top market trends.
-
Guide on how to create a stock investing strategy
2026-01-25 :: investing ideas :: yahoo finance -
Apple tops Q1 earnings estimates on record-breaking iPhone sales
2026-01-30 :: companies :: yahoo finance -
BlackRock Total Assets Hit Record $14 Trillion as ETFs Surge
2026-01-15 :: companies :: bloomberg -
S&P 500 Profit Beats Draw Worst Stock Price Reaction on Record
2026-01-21 :: stock :: bloomberg -
Bitcoin BTC USD Price Jumps Above $90,000 as Fed Chair Pushes Back on Trump Pressure
2026-01-13 :: crypto :: 99bitcoins
