Tokyo Electron : Presentations（991KB）

FY2023 (April 2022 - March 2023) Financial Announcement

Agenda:

• FY2023 Consolidated Financial Summary

Hiroshi Kawamoto, Vice President & General Manager, Finance Unit

• Business Environment and Financial Estimates

Toshiki Kawai, Representative Director, President & CEO

Forward Looking Statements

• Disclaimer regarding forward-looking statements
  Forward-looking statements with respect to TEL's business plan, prospects and other such information are based on information available at the time of publication. Actual performance and results may differ significantly from the business plan described here due to changes in various external and internal factors, including the economic situation, geopolitical risk, semiconductor/FPD* market conditions, intensification of sales competition, safety and product quality management, intellectual property-related risks and impacts from COVID-19.
• Processing of numbers
  For the amount listed, because fractions are rounded down, there may be the cases where the total for certain account titles does not correspond to the sum of the respective figures for account titles. Percentages are calculated using full amounts, before rounding.
• Foreign exchange risk
  In principle, export sales of Tokyo Electron's mainstay semiconductor and FPD production equipment are denominated in yen. Although some sales and expenses are denominated in foreign currencies, the impact of exchange rate fluctuations on profits is negligible, unless extreme fluctuations occur.

* FPD: Flat panel display

CORP IR / May 11, 2023

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FY2023 Consolidated Financial Summary

May 11, 2023

Hiroshi Kawamoto

Vice President & General Manager, Finance Unit

FY2023 (April 2022 - March 2023) Financial Highlights

Net Sales and

Gross Profit Margin

Operating Income and

Operating Margin

Net Income Attributable to Owners of Parent and ROE

2,000

1,500

1,000

Net sales (¥B) Gross profit margin

1,278.21,399.1

1,127.2

41.2% 40.1% 40.4%

2,209.0

70.0%

2,003.8

60.0%

44.6% 50.0%

45.5%

40.0%

30.0%

600

500

400

300

Operating income (¥B)

Operating margin

599.2

310.5320.6

237.2

29.9%

617.7

28.0%

70.0%

60.0%

50.0%

40.0%

30.0%

			Net	income attributable to owners
500			of parent (¥B)	471.5 70.0%
450			ROE	437.0
					60.0%
400
350					50.0%
300					32.3% 40.0%
250	248.2	242.9
				37.2%
200				185.2	30.0%
30.1%
	26.5%

500

0

FY'19 FY'20 FY'21

20.0%

10.0%

FY'22 FY'23

200

100

0

24.3%	21.0%	22.9%	20.0%

10.0%

0.0%

FY'19 FY'20 FY'21 FY'22 FY'23

150				20.0%
	21.8%
100
				10.0%
50
0				0.0%
FY'19	FY'20	FY'21	FY'22	FY'23

From the beginning of FY2022, the Company applies "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29). Percentages of changes are based on consolidated financial results without the effects of the new standards of the same period of the previous fiscal year.

• Steadily met the expansion of SPE* demand. Sales increased by 10% YoY
• Gross profit and operating income reached record high

CORP IR / May 11, 2023	* SPE: Semiconductor production equipment	4

Financial Summary						(Billion Yen)
							(Reference)
		FY2022	FY2023		YoY		FY2023 estimates
			Change		announced on
							Feb. 9, 2023
Net sales		2,003.8	2,209.0	+10.2%		2,170.0
SPE		1,943.8	2,155.2	+10.9%		2,118.0
FPD		59.8	53.6	-10.3%		52.0
Gross profit		911.8	984.4	+8.0%		946.0
Gross profit margin		45.5%	44.6%		-0.9pts		43.6%
SG&A expenses		312.5	366.6	+17.3%		366.0
Operating income		599.2	617.7	+3.1%		580.0
Operating margin		29.9%	28.0%		-1.9pts		26.7%
Income before income		596.6	624.8	+4.7%		584.0
taxes
Net income attributable to		437.0	471.5	+7.9%		433.0
owners of parent
EPS (Yen)		935.95	1,007.82	+7.7%		925.38
R&D expenses		158.2	191.1	+20.8%
Capital expenditures		57.2	74.4	+29.9%
Depreciation and amortization		36.7	42.9	+16.9%

1. In principle, export sales of Tokyo Electron's mainstay semiconductor and FPD production equipment are denominated in yen. Although some sales and expenses are denominated in foreign currencies, the impact of exchange rate fluctuations on profits is negligible.
2. Profit ratios are calculated using full amounts, before rounding.
3. EPS is calculated based on the number of outstanding shares excluding treasury stock after the stock split.

CORP IR / May 11, 2023

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