TOMEN DEVICES CORPORATION [2737.T]
TOKYO, Apr 24 (Pulse News Wire) – Tomen Devices Corporation (2737.T) outlined its mid-term plan 2028, aiming to accelerate growth in emerging areas while leveraging its competitive edge as Samsung's sole agent in Japan. The company plans to integrate AI solutions into its core memory business and expand globally over the next three years.
Under the plan, Tomen Devices targets a compound annual growth rate (CAGR) of 12% for server storage sales, reaching a target of 6,000 billion yen by March 2029. Additionally, the firm seeks to capitalize on the growing demand for advanced semiconductors in autonomous driving systems, targeting a CAGR of 25% for automotive-related sales during the same period. To support these goals, Tomen Devices will enhance its regional portfolio optimization strategy, focusing on high-growth regions such as North America and Asia.
The company also emphasizes strengthening its human capital through diverse talent investments and fostering a culture of innovation and well-being. Financially, Tomen Devices aims to maintain a robust balance sheet and creditworthiness, setting a dividend payout ratio target of 40% by March 2029. The company plans to allocate cash generated from operations towards strategic investments and shareholder returns, ensuring sustainable growth and value creation.
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