PAGETOKYO ELECTRON ANNUAL REPORT 201621CONTENTS

To Our Stakeholders

Business Overview

Financial Review

Medium-term Management PlanInterview with the CEO

Consolidated Balance Sheets

Consolidated Eleven-Year Summary

Consolidated Statements of Changes in Net Assets

Review of Operations
and Business Outlook

Sustainability

Consolidated Statements of Income

Consolidated Statements of Cash Flows

Corporate Data

Financial Section

Consolidated Statements of Comprehensive Income

Notes to Consolidated Financial Statements

Independent Auditor’s Report

Consolidated Eleven-Year SummaryTokyo Electron Limited and Subsidiaries
As of and for the years ended March 31Thousands ofU.S. dollars

Millions of yen

2016

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

Net sales 1
Semiconductor production equipment
FPD production equipment
PV production equipment
Computer networks
Electronic components and computer networks
Other
Operating income (loss)
Income (loss) before income taxes
Net income (loss) attributable to owners of parent
Comprehensive income (loss) 2$5,892,341
5,440,477
396,583———
55,281
1,036,466
944,862691,267
541,214¥663,949
613,033
44,687———
6,229
116,789
106,467
77,89260,984¥613,125
576,24232,710
3,618
—
—
555
88,11386,82871,88880,295¥612,170
478,842
28,317
3,806—
100,726
479
32,205(11,756)(19,409)(10,889)¥ 497,300
392,027
20,077
83—
84,665448
12,54917,767
6,076
15,826¥ 633,091
477,873
69,889——84,868461
60,44360,602
36,72636,954¥ 668,722
511,332
66,721——
90,216453
97,87099,57971,92469,598¥ 418,637
262,392
71,361——
84,473411(2,181)(7,768)(9,033)(4,751)¥ 508,082
325,383
88,107——
94,207385
14,711
9,637
7,543
—

¥ 906,092
726,440
68,016——111,181455
168,498
169,220
106,271—¥ 851,975
642,625
100,766—
19,16988,294
1,121
143,979
144,414
91,263—¥ 673,686
486,883
81,176—
17,49786,881
1,249
75,70375,32848,006—

Domestic sales
Overseas sales

1,081,008
4,811,333

121,808
542,141

95,046
518,079

161,631450,539

118,504
378,796

171,364
461,727

182,165
486,557

162,609
256,028

208,871299,211

323,946
582,146

313,816
538,159

262,532
411,154

170,900
118,397
677,023

19,257
13,341
76,287

20,87813,18471,35024,888
12,79978,664

26,631
21,77473,24924,19839,541
81,506

17,707
39,14070,56820,002
14,91954,07423,068
18,10860,98821,41322,70366,073

18,82027,12956,962

19,17013,33549,1827,040,895
5,007,446

793,368
564,239

876,154641,163828,592
590,614775,528
605,127

783,611598,603809,205
584,802696,352
523,370668,998529,265

792,818
545,245

770,514469,811663,243
376,900

10,62910,844

12,304

12,201

10,684

10,343

10,068

10,391

10,429

9,528

8,901

42.15
42.07
2,896.55
24.00
180,61142,509¥ 594.01
592.71
2,989.70
125.00180,611
43,324¥ 511.27
509.84
2,573.72
103.00180,61141,289¥ 267.61
267.32
2,112.30
55.00
180,611
46,272

(1.8)
(0.5)
73.5
0.61

1.4
2.9
77.5
0.70

21.4
18.6
67.5
1.16

21.8
16.9
59.7
1.19

13.5
11.2
56.8
1.03

¥ 41,581¥ 48,896¥ 86,882¥ 89,418¥ 75,687

Depreciation and amortization 3
Capital expenditures 4R&D expenses
Total assets
Total net assets 5
Number of employees

U.S. dollars

Net income (loss) per share of common stock:
Basic
Diluted 6Net assets per share of common stock
Cash dividends per share of common stock
Number of shares outstanding (thousands)
Number of shareholders

$4.09
4.08
30.43
2.10

Yen¥ 461.10
460.003,428.37
237.00165,211
24,664¥ 401.08
400.153,567.23
143.00180,611
20,829¥ (108.31)—
3,225.92
50.00
180,61130,563

13.0
17.6
70.9
0.80

11.8
14.4
73.0
0.72

¥ 62,466¥ 56,540

¥

33.91
33.85
3,309.58
51.00
180,61141,287¥ 205.04
204.723,275.14
80.00
180,61142,414

(3.3)
5.3
69.8
0.76

1.0
2.5
76.5
0.64

6.3
9.5
74.9
0.79

¥ 49,754¥ 40,759¥ 59,256¥ 401.73
401.103,198.66
114.00180,61144,896¥(50.47)—2,859.37
12.00
180,61139,285¥%

ROE
Operating margin
Equity ratio
Asset turnover (times)

13.3
14.6
70.8
0.89
Thousands of yen

Net sales per employee$ 554,366

1 From ﬁscal 2008 to 2014, Computer networks was included in Electronic components and computer networks. Electronic components and computer networks were excluded
from ﬁscal 2015 because Tokyo Electron Device Limited, a former consolidated subsidiary, become an equity method affiliate. Photovoltaic panel (PV) production equipment wasincluded in FPD production equipment until ﬁscal 2012. From ﬁscal 2016, PV production equipment is included in Other.
2 From ﬁscal 2011, the Company applied “Accounting Standards for Presentation of Comprehensive Income” (Statement No. 25) released by the Accounting Standards Board ofJapan (ASBJ). Accordingly, comprehensive income (loss) has been disclosed from ﬁscal 2010.
3 Depreciation and amortization does not include amortization and loss on impairment of goodwill.
4 Capital expenditures only represent the gross increase in property, plant and equipment.
5 From ﬁscal 2007, “Total net assets” has been disclosed in accordance with “Accounting Standard for Presentation of Net Assets in the Balance Sheet” (Statement No. 5) and“Guidance on Accounting Standard for Presentation of Net Assets in the Balance Sheet” (Guidance No. 8) released by the ASBJ. “Total net assets” through ﬁscal 2006 represents“Total shareholders’ equity” under the former accounting standards.
6 From ﬁscal 2011, The Company calculated net income per share of common stock (diluted) in accourdance with “Accounting Standard for Earning Per Share” (Statement No. 2)
and “Guidance on Accounting Standard for Earnings Per Share” (Guidance No. 4) released by the ASBJ. Dilution is not assumed for the years ended March 31, 2014 and 2010.

¥ 64,655