「Delayed」Summary of Consolidated Financial Results For The Second Quarter Ended September 30, 2021 [Japanese GAAP]

Summary of Consolidated Financial Results

For The Second Quarter Ended September 30, 2021

[Japanese GAAP]

October 28, 2021

Company name:	TOKYO ELECTRON DEVICE LIMITED
Stock exchange listing:	Tokyo Stock Exchange 1st Section (Code 2760)
URL:	https://www.teldevice.co.jp/eng/
Representative:	Atsushi Tokushige, President & Representative Director
Contact:	Hiroki Tanaka, Director, Financial Department
TEL:	[phone]

(Amounts are rounded down to the nearest million yen.)

1. Consolidated Financial Highlights for the Second Quarter Ended September 30, 2021 (April 1, 2021 to September 30, 2021)

(1) Consolidated Operating Results (cumulative)

(% indicates changes from the same period of previous fiscal year.)

												Net income
		Net sales		Operating income		Ordinary income		attributable to
											owners of parent
		Millions of yen	%	Millions of yen	%		Millions of yen	%	Millions of yen	%
The Second Quarter		82,780	33.7	2,757	145.6			2,481	96.7	2,646	221.4
ended September 30, 2021
The Second Quarter		61,901	(5.1)	1,122	(17.9)			1,261	(5.9)	823	(4.8)
ended September 30, 2020
(Note) Comprehensive income: The Second Quarter ended September 30, 2021	3,160 million yen [302.1%]
		The Second Quarter ended September 30, 2020	786 million yen [(5.1)%]
		Basic net income		Diluted net income
		per share		per share
			Yen			Yen
The Second Quarter			263.99			-
ended September 30, 2021
The Second Quarter			81.94			-
ended September 30, 2020
(2) Consolidated Financial Position
		Total assets		Net assets	Equity ratio
		Millions of yen		Millions of yen			%
As of September 30, 2021		92,181			30,515		32.0
As of March 31, 2021			90,870			29,652		31.9
(Reference) Equity:	As of September 30, 2021 29,517 million yen	As of March 31, 2021	28,965 million yen

(Note) The Company has applied the "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. effective from the beginning of the first quarter ended June 30, 2021. The figures for the second quarter ended September 30, 2021, are the figures after the application of this accounting standard, etc.

2. Dividends

				Annual dividends per share
		End of 1Q		End of 2Q		End of 3Q		Year-end	Annual
		Yen		Yen		Yen		Yen	Yen
Fiscal year ended		-		40.00		-		85.00	125.00
March 31, 2021
Fiscal year ending		-		105.00
March 31, 2022
Fiscal year ending
March 31, 2022						-		100.00	205.00
(Forecast)
(Note) Revision of	dividends forecast: Yes

3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31, 2022)

		(% indicates changes from the same	period of	previous fiscal year.)
					Net income		Basic net income
	Net sales		Ordinary income	attributable to owners
			per share
					of parent
	Millions of yen	%	Millions of yen	%	Millions of yen	%		Yen
Fiscal year ending	172,000	20.1	6,200	34.0	5,200	65.4		518.79
March 31, 2022
(Note) Revision of	financial forecasts: Yes
*Notes
(1) Changes of significant subsidiaries during the period	: None

1. Changes in accounting policies, accounting estimates, and restatements

1)	Changes due to revision of accounting standards	: Yes
2)	Changes in accounting standards other than 1)	: None
3)	Changes in accounting estimates	: None
4)	Restatements	: None

(3) Number of shares outstanding (common stock)

1) Number of shares outstanding at the end of the period (including treasury stock):

	September 30, 2021	10,445,500 shares
	March 31, 2021	10,445,500 shares
2) Number of shares of treasury stock at the end of the period:
	September 30, 2021	566,475 shares
	March 31, 2021	357,754 shares
3) Average number of shares outstanding during the period:
	The Second Quarter ended September	10,023,256 shares
	30, 2021
	The Second Quarter ended September	10,046,745 shares
	30, 2020

(Note) The Company has adopted the Directors' Compensation BIP (Board Incentive Plan) Trust and the ESOP (Employee Stock Ownership Plan) Trust, and the "Trust-Type Employee Shareholding Incentive Plan (E- Ship)", and has included the number of the Company's shares held by both Trusts accordingly in the number of shares of treasury stock.

*This quarterly financial report is outside the scope of an audit procedure by the Certified Public Accountant or the Audit firm.

*Explanation of the appropriate use of finance forecasts and other special notes

The financial forecasts and other estimates herein are based on currently available information and certain assumptions deemed reasonable at time of report issuance. The Company does not guarantee the achievement of these forecasts. Actual operating results may differ significantly from these forecasts due to various factors.

Consolidated Financial Statements and Segment Information

(1) Consolidated Balance Sheets

	(Millions of yen)
FY 2021	FY 2022
(As of Mar. 31, 2021)	(As of Sep. 30, 2021)

Assets

Current assets

Cash and deposits

Notes and accounts receivable - trade Notes and accounts receivable - trade, and contract assets

Electronically recorded monetary claims - operating

Merchandise and finished goods

Raw materials

Prepaid expenses

Other

Allowance for doubtful accounts

Total current assets

Non-current assets

Property, plant and equipment

Intangible fixed assets

Investments and other assets

Net defined benefit asset

Other

Allowance for doubtful accounts

Total investments and other assets

Total non-current assets

Total assets

		5,680	4,493
		39,543	-
		-	37,813
		2,181	2,769
		24,795	23,946
		849	1,100
		6,867	9,941
		2,810	2,161
		(6)	(6)
		82,721	82,220
		1,820	3,642
		1,695	1,615
		330	363
		4,350	4,387
		(47)	(47)
		4,633	4,703
		8,149	9,961
		90,870	92,181

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	(Millions of yen)
FY 2021	FY 2022
(As of Mar. 31, 2021)	(As of Sep. 30, 2021)

Liabilities

Current liabilities

Accounts payable - trade

Short-term loans payable

Current portion of long-term loans payable Income taxes payable

Advances received

Provision for bonuses

Other

Total current liabilities

Non-current liabilities

Long-term loans payable

Net defined benefit liability

Other

Total non-current liabilities

Total liabilities

Net assets

Shareholders' equity

Capital stock

Capital surplus

Retained earnings

Treasury stock

Total shareholders' equity Accumulated other comprehensive income

Valuation difference on available-for-sale securities

Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans

		11,187		11,687
		8,918	6,648
		4,040		4,040
		1,140	1,464
		10,201		13,235
		1,667	1,469
		2,841		1,846
		39,997	40,392
		12,375	12,227
		7,930		8,002
		914	1,043
		21,220		21,273
		61,217	61,665
		2,495		2,495
		5,652	5,652
		21,332		22,920
		(785)	(1,998)
		28,694		29,069
		73		56
		(225)	(83)
		186		271
		235	203

Total accumulated other comprehensive			270		447
income
Non-controlling interests	687	997
Total net assets			29,652		30,515
Total liabilities and net assets		90,870	92,181

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1. Consolidated Statements of Income and Comprehensive Income Consolidated Statements of Income

					(Millions of yen)
			FY 2021	FY 2022
			(from Apr. 1, 2020	(from Apr. 1, 2021
			to Sep. 30, 2020)	to Sep. 30, 2021)
Net sales				61,901		82,780
Cost of sales	53,126	71,517
Gross profit				8,775		11,262
Selling, general and administrative expenses
Salaries and allowances				3,315		3,441
Provision for bonuses	929	1,361
Retirement benefit expenses				322		315
Other	3,085	3,386
Total selling, general and administrative				7,653		8,505
expenses
Operating income			1,122	2,757
Non-operating income
Dividend income	1	31
Dividend income of insurance				33		44
Share of profit of entities accounted for using	47	38
equity method
Foreign exchange gains				64		-
Other	40	21
Total non-operating income				187		137
Non-operating expenses
Foreign exchange losses				-		351
Other	48	61
Total non-operating expenses				48		412
Ordinary income	1,261	2,481
Extraordinary income
Gain on sales of non-current assets	1	1
Gain on receipt of donated non-current assets				-		1,888
Gain on sales of investments in capital of		-	31
subsidiaries and affiliates
Total extraordinary income				1		1,921
Extraordinary losses
Loss on sales of non-current assets				0		0
Loss on retirement of non-current assets	8	2
Provision of allowance for doubtful accounts				0		0
of golf club membership
Loss on change in equity	19		-
Provision for loss on abolishment of trust				-		112
Total extraordinary losses	29	114
Net income before income taxes				1,233		4,289
Income taxes	380	1,306
Net income				853		2,982
Net income attributable to non-controlling	30	336
interests
Net income attributable to owners of parent				823		2,646

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