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.

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. TDK, which provides essential components like inductors for cars and lithium-ion batteries for phones, projected its revenue for the fiscal year from April to be between ¥2.12 trillion ($14.8 billion) and ¥2.2 trillion and operating profit to be between ¥180 billion and ¥225 billion.