TDK Raises FY26 Guidance and Dividend on AI Data Center Demand, but Shares Fall 7.2%

TDK Corp. (TTDKY, 6762.T) raised its full-year fiscal 2026 guidance and lifted its annual dividend forecast on Friday after reporting a sharp rise in first-half profit, yet shares closed 7.22% lower at ¥2,572 on the Tokyo Stock Exchange. The Japanese electronic components maker now expects attributable net profit of ¥280 billion, up 43.1% from last year and above its prior ¥225 billion estimate. It projects operating profit of ¥365 billion, up 34% from ¥295 billion previously guided, and net sales of ¥3.05 trillion, up 21.8% from an earlier ¥2.58 trillion forecast. Basic earnings per share are now seen at ¥147.50 versus ¥118.54. TDK raised its annual dividend forecast to ¥50 per share from ¥40, comprising interim and year-end dividends of ¥25 each. For the first half, net profit attributable to owners rose 58.4% to ¥176.42 billion, or ¥92.83 per share, from ¥111.41 billion a year earlier. Operating profit climbed 41.0% to ¥208.156 billion, while net sales grew 31.9% to ¥1.56 trillion, supported by strong demand for products used in AI data centers.