Tokyo Electron Device Limited announced consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 32,629 million compared to JPY 33,539 million a year ago. Operating income was JPY 716 million compared to JPY 750 million a year ago. Net income was JPY 419 million compared to JPY 383 million a year ago. Basic net income per share was JPY 39.45 against JPY 36.15 a year ago.

The company provided consolidated earnings guidance for the six months ending September 30, 2019 and fiscal year ending March 31, 2020. For the six months ending September 30, 2019, the company expects net sales of JPY 68,000 million, ordinary income of JPY 1,000 million and net income attributable to owners of parent of JPY 630 million or JPY 61.92 per share.

For the fiscal year ending March 31, 2020, the company expects net sales of JPY 150,000 million, ordinary income of JPY 3,500 million and net income attributable to owners of parent of JPY 2,200 million or JPY 216.22 per share.