TOKYO ELECTRON ANNUAL REPORT 2014

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CONTENTSCONTENTS

Financial Highlights

Business Overview

Top Message

Talking about
Tokyo Electron

Review of Operations
and Business Outlook

Corporate GovernanceCorporate Citizenship

R&D / Intellectual Property

Financial Section

Corporate Data

Contents

Tokyo Electron Limited (TEL™) is a world-leading supplier ofsemiconductor production equipment (SPE) and flat panel display (FPD) production equipment. We provide a broad lineup ofproducts that offer superior process performance and high productivity and related services to semiconductor and LCD panel
manufacturers around the world.
An unwavering commitment to customer satisfaction thatdates back to our founding in 1963 has cemented our position
as a market leader. Our competitive strength lies in our capability to proactively and precisely identify real customer needs andrespond to them with cutting-edge technology and products.
With a global network that spans Japan, the U.S., Europe andAsia, we are opening up new frontiers for digital networks bycontributing to enhancing our customers’ production lines
through untiring dedication to technology innovation.
ProfileTokyo Electron Limited (TEL™) is a world-leading supplier of semiconductor production
equipment (SPE) and flat panel display (FPD) production equipment. We provide a broad
lineup of products that offer superior process performance and high productivity and related
services to semiconductor and LCD panel manufacturers around the world.
An unwavering commitment to customer satisfaction that dates back to our founding in
1963 has cemented our position as a market leader. Our competitive strength lies in our capability to proactively and precisely identify real customer needs and respond to them with cutting-edge technology and products.
With a global network that spans Japan, the U.S., Europe and Asia, we are opening up
new frontiers for digital networks by contributing to enhancing our customers’ production lines
through untiring dedication to technology innovation.

ContentsFinancial Highlights
2

Consolidated Financial Highlights

Business Overview
3

Business Overview

Top Message
45

To Our Stakeholders

Interview with the CEO

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8Talking about Tokyo Electron

Review of Operations and Business Outlook9Review of Operations and Business Outlook

Corporate Governance
10Corporate Governance

12Directors, Audit & Supervisory
Board Members and Executive Officers

Corporate Citizenship
13

Environmental, Safety and Health Activities

R&D / Intellectual Property
1415

Research and Development
Intellectual Property

Financial Section

Disclaimer
Matters discussed in this annual report, including forecasts of future business performance of Tokyo Electron, management strategies, beliefs andother statements are based on Tokyo Electron’s assumptions in light of information that is currently available. These forward-looking statements
involve known or unknown risks, uncertainties and other factors that could cause actual results to differ materially from those referred to in the forward-looking statements.
Factors that have a direct or indirect impact on Tokyo Electron’s future performance include, but are not limited to:• Economic circumstances in Japan and overseas, consumption trends, and large fluctuations in foreign exchange rates• Changes in semiconductor/FPD/PV markets• Changes in the demand for products and services manufactured or offered by Tokyo Electron’s customers, such as semiconductor manufacturers, FPD manufacturers, photovoltaic panel manufacturers and electronics makers• Tokyo Electron’s capabilities to continue to develop and provide products and services that respond to rapid technology innovation and changing customer
needs in a timely manner
For details, please refer to Business-related and Other Risks on page 19.

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Financial Review

Consolidated Eleven-Year Summary
Consolidated Balance Sheets
Consolidated Statements of Operations
Consolidated Statements of Comprehensive Income
Consolidated Statements of Changes in Net Assets
Consolidated Statements of Cash Flows
Notes to Consolidated Financial Statements
Independent Auditor’s Report

Corporate Data
33

Consolidated Subsidiaries / Investor Information

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