TDK Corporation Plans to Propose Dividend for the Year Ended March 31, 2024 and Provides Dividend Guidance for the Interim and Year-End Dividend for the Year 2025
April 26, 2024 at 02:00 am EDT
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TDK Corporation plans to pay a year-end dividend of ¥58 per common share for the year ended March 31, 2024, subject to approval at the ordinary general meeting of shareholders scheduled for June 21, 2024.
The company provided dividend guidance for the interim and year end dividend for the fiscal year 2025. for the interim, The company plans to pay dividend of ¥60 per common share against ¥58 paid a year ago.
for the year-end, the company plans to pay dividend of ¥60 per common share against ¥58 paid a year ago.
TDK Corporation specialises in the design, manufacture and sales of electronic products and recording equipment. Net sales break down by family product as follows:
- rechargeable batteries and energy converters (46.9%);
- electronic equipment and components (33.1%): ceramic capacitors, ferrites, magnets, inductors, high-frequency components, transformers, converters, thermistors, etc.;
- recording equipment (13.5%): recording appliances (notably magnetic heads for hard disks, heads for disk drives and thermal printer heads), recording equipment (audio and video cassettes, optical disks, computer data storage tapes, PC cards, etc.);
- other (3.5%): rechargeable batteries, memory cards, displays and mechatronic equipment.
Net sales break down geographically as follows: Japan (8%), China (56.8%), Asia (18.7%), Europe (10%) and Americas (6.5%).
TDK Corporation Plans to Propose Dividend for the Year Ended March 31, 2024 and Provides Dividend Guidance for the Interim and Year-End Dividend for the Year 2025