TOKYO ELECTRON ANNUAL REPORT 2017

PAGE21

CONTENTS

Business Overview
and Financial Highlights

To Our Stakeholders

Interview with the CEO
Message from the CFO

Review of Operations
and Business Outlook

Corporate Governance
CSR-Oriented Operations

Corporate Data

Financial Section

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

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

Millions of yen2017

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

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$7,128,260
6,684,140
440,210———
3,910
1,387,798
1,329,138
1,026,908
1,069,603¥799,719
749,893
49,387———438
155,697
149,116115,208
119,998¥663,949
613,033
44,687———
6,229
116,789
106,467
77,89260,984¥613,125
576,242
32,710
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¥ 418,637262,392
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—

Domestic sales
Overseas sales

901,3486,226,911

101,122698,597

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

159,310
184,482
746,950

17,872
20,69783,80019,257
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

18,82027,12956,9628,534,157
5,758,088

957,447645,999

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

770,514469,811

11,241

10,62910,844

12,304

12,201

10,684

10,343

10,068

10,391

10,429

9,528

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
103.00180,61141,289Depreciation and amortization 3
Capital expenditures 4
R&D expenses
Total assets
Total net assets 5
Number of employees

U.S. dollars

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

$

6.26
6.24
34.94
3.14

Yen

¥ 702.26
700.35
3,919.50
352.00165,210
21,937¥ 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

19.1
19.5
67.2
0.91

13.0
17.6
70.9
0.80

11.8
14.4
73.0
0.72

(3.3)
5.3
69.8
0.76

1.0
2.5
76.5
0.64

¥ 71,143¥ 62,466¥ 56,540¥ 49,754¥ 40,759

¥

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

6.3
9.5
74.9
0.79

13.3
14.6
70.8
0.89

(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

¥ 64,655¥ 41,581¥ 48,896¥ 86,882¥ 89,418

Thousands of yen

Net sales per employee$ 634,130¥ 59,256

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, became an equity method affiliate. Photovoltaic panel (PV) production equipment
was included 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 of Japan (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 accordance 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.
7	The amounts in this summary in millions of yen and in thousands of yen, U.S. dollars and shares, as of and for the year ended March 31, 2016 and prior periods are rounded. On the other hand, such amounts as of and for the year ended March 31, 2017 are rounded down and therefore the totals do not necessarily agree with the sum of the individual account balances for the corresponding period.