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TDK Adds Risk Scenario to Downbeat Outlook Due to Tariff Threat
TDK Corp.’s revenue outlook fell well short of analysts’ estimates, reflecting the anticipated fallout from a global trade war on industries from cars to smartphones.
TDK works with the biggest names in both the mobile and automotive sector. TDK Corp. ’s revenue outlook fell well short of analysts’ estimates, reflecting the anticipated fallout from a global trade war on industries from cars to smartphones. The Japanese battery maker for the first time presented its fiscal-year projections as a range rather than a single number, illustrating the mounting uncertainty of the damage wrought by US tariffs.
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