Tomen Devices Raises FY2027 Earnings Forecast 173% on AI Chip Demand
Tomen Devices Corporation (TSE:2737) sharply raised its full-year earnings and dividend guidance for the fiscal year ending March 2027, citing stronger-than-expected memory chip pricing driven by generative AI demand.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 750.0bn | JPY 1400.0bn | +86.7% |
| Operating Profit | JPY 18.2bn | JPY 48.9bn | +168.7% |
| Ordinary Income | JPY 14.5bn | JPY 40.8bn | +181.4% |
| Net Profit | JPY 11.0bn | JPY 30.0bn | +172.7% |
| EPS | JPY 1.62/share | JPY 4.41/share | +172.7% |
The company lifted revenue guidance by 86.7% to JPY 1,400.0bn and operating profit by 168.7% to JPY 48.9bn, reflecting first-quarter results that exceeded initial assumptions. Memory prices have remained elevated well above forecasts as AI-related product demand sustains pricing power. While management expects some moderation in volumes and pricing from the second quarter onward, first-quarter momentum proved substantial enough to warrant a comprehensive upward revision. Ordinary income (keijo rieki), a Japan-specific profit metric including non-operating items, rose 181.4% to JPY 40.8bn.
The company increased its annual dividend by 173.3% to JPY 1,640.00/share from JPY 600.00/share, reflecting its performance-linked dividend policy and medium-term management plan through 2028. The revised payout maintains a consolidated dividend payout ratio of 37.2%. The sharp upward revision underscores the outsized impact of AI-driven semiconductor demand on memory pricing, though investors should monitor second-half guidance risks tied to potential price normalization and volume uncertainty.
Source: Original filing (TDnet) | 日本語版
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