Summary of Consolidated Financial Results
For the Fiscal Year Ended March 31, 2022 [Japanese GAAP]
April 26, 2022
Company name:TOKYO ELECTRON DEVICE LIMITED
Stock exchange listing:Tokyo Stock Exchange Prime Market (Code 2760)
URL:
https://www.teldevice.co.jp/eng/
Representative:
Atsushi Tokushige, President & Representative Director
Contact:
Hiroki Tanaka, Director, Financial Department
TEL:+81-45-443-4000
Scheduled date for the general meeting of shareholders:June 22, 2022
Scheduled date for dividend payment:
June 1, 2022
(Amounts are rounded down to the nearest million yen.)
1. Consolidated financial highlights for the fiscal year ended March 31, 2022 (April 1, 2021 to March 31, 2022)(1) Consolidated operating results(% indicates changes from the same period of previous fiscal year.)
Net income
Net sales
Operating income
Ordinary income
attributable toowners of parent
Millions of yen

Fiscal year ended March
31, 2022
Fiscal year ended March
31, 2021(Note) Comprehensive income:% Millions of yen

%

25.6

8,131

76.0

7,318

58.2

5,085

61.8

143,268

5.8

4,620

21.3

4,625

29.4

3,143

37.3

Fiscal year ended March 31, 2022
Fiscal year ended March 31, 2021

5,709 million yen [71.1%]
3,337 million yen [49.2%]

Diluted net
income per
share

Return on
equityOrdinary
income to total
assetsOperatingincome to net
sales

Yen

Yen

%

%

%

510.73

―

17.0

7.3

4.5

312.38

―

11.3

5.5

3.2

(Reference) Share of profit (loss) of entities accounted
for using equity method(2) Consolidated financial position
Total assets
As of March 31, 2022
As of March 31, 2021

% Millions of yen

179,907

Basic net
income per
share
Fiscal year ended March
31, 2022
Fiscal year ended March
31, 2021% Millions of yen

As of March 31, 2022

66 million yen

Net assets

As of March 31, 2021

Equity ratio

72 million yen

Net assets per share

Millions of yen

Millions of yen%

Yen

107,801
90,87032,01829,65228.7
31.9

3,127.16
2,871.32(Reference) Equity:
As of March 31, 2022
30,953 million yen
As of March 31, 2021
28,965 million yen(Note) The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020), etc.
effective from the beginning of the fiscal year ended March 31, 2022. The figures for the fiscal year 2022, are the figures after theapplication of this accounting standard, etc.

(3) Consolidated cash flows

Cash flows fromoperating activities
Fiscal year ended March
31, 2022
Fiscal year ended March
31, 2021

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at endof period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

(891)

(155)

606

5,028

(3,463)

(469)

5,079

5,391

2. Dividends
Annual dividends per share
End of 1Q End of 2Q End of 3Q

Fiscal year ended
March 31, 2021
Fiscal year ended
March 31, 2022
Fiscal year ending
March 31, 2023
(Forecast)Year-end

AnnualTotal
dividends
paid(annual)Payoutratio(consolida
ted)

Dividends
to netassets(consolida
ted)

Yen

Yen

Yen

Yen

Yen

Millions of
yen

%

%

―

40.00

―

85.00

125.00

1,305

40.0

4.5

―

105.00―100.00205.00

2,141

40.1

6.8

―

105.00―135.00240.0040.3

3. Consolidated financial forecasts for the fiscal year ending March 31, 2023 (April 1, 2022 to March 31, 2023)(% indicates changes from the same period of previous fiscal year.)
Net income
Basic net income
Net sales
Ordinary income
attributable toper shareowners of parent
Six months ending
September 30,
2022 (cumulative)
Fiscal year ending
March 31, 2023

Millions of yen% Millions of yen%

Millions of yen%

Yen

94,500

14.2

3,650

47.1

2,540

(4.0)

256.61200,000

11.2

8,500

16.2

5,900

16.0

596.07*Notes(1) Changes of significant subsidiaries during the period : None
(2) Changes in accounting policies, accounting estimates, and restatements(3)1) Changes due to revision of accounting standards: Yes2) Changes in accounting standards other than 1): None3) Changes in accounting estimates: None4) Restatements: NoneNumber of shares outstanding (common stock)1) Number of shares outstanding at the end of the period (including treasury shares):
March 31, 2022
10,445,500 shares
March 31, 2021
10,445,500 shares
2) Number of treasury shares at the end of the period:
March 31, 2022
547,375 shares
March 31, 2021
357,754 shares
3) Average number of shares outstanding during the period:
Fiscal year ended March 31, 2022
9,956,407 sharesFiscal year ended March 31, 2021
10,061,829 shares(Note) The Company has adopted the Directors’ Compensation BIP (Board Incentive Plan) Trust and the ESOP
(Employee Stock Ownership Plan) Trust, and the “Trust-Type Employee Shareholding Incentive Plan (EShip)”, and has included the number of the Company’s shares held by both Trusts accordingly in the numberof treasury shares.

(Reference) Non-consolidated financial highlights for the fiscal year ended March 31, 2022 (April 1, 2021 to March 31,
2022)(1) Non-consolidated operating results(% indicates changes from the same period of previous fiscal year.)
Operating income
Ordinary income
Net income

Net sales
Millions of yen

Fiscal year ended March
31, 2022
Fiscal year ended March
31, 2021

Fiscal year ended March
31, 2022
Fiscal year ended March
31, 2021% Millions of yen% Millions of yen%

152,229 24.5

6,977

96.7

6,384

73.2

3,185

25.3

122,232

3,546

6.6

3,686

18.0

2,542

19.3

4.9

Basic net income
per share

Diluted net income
per share

Yen

Yen

319.92―252.72―(2) Non-consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

93,69380,53425,03725,19326.7
31.3

2,529.47
2,497.42

As of March 31, 2022
As of March 31, 2021
(Reference) Equity:% Millions of yen

As of March 31, 2022

25,037 million yen

As of March 31, 2021

25,193 million yen* This financial report is outside the scope of an audit procedure by the Certified Public Accountant or the Audit firm.
* Explanation of the appropriate use of finance forecasts and other special notes
The financial forecasts and other estimates herein are based on currently available information and certain
assumptions deemed reasonable at time of report issuance. The Company does not guarantee the achievement ofthese forecasts. Actual operating results may differ significantly from these forecasts due to various factors.

Consolidated Financial Statements and Segment Information(1) Consolidated Balance Sheets(Millions of yen)
Fiscal Year 2021
(As of Mar. 31, 2021)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Notes and accounts receivable - trade, andcontract assets
Electronically recorded monetary claims operating
Merchandise and finished goods
Raw materials
Prepaid expenses
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-1-

Fiscal Year 2022
(As of Mar. 31, 2022)

5,680
39,543

5,134--

47,217

2,181

3,231

24,795
849
6,867
2,810
(6)
82,72125,937
1,570
11,7324,077(7)98,895

1,946(1,333)
612
419
(211)
207
1,820
(1,419)
400
510
184
(95)
89
1,820
1,695

3,691
(1,396)
2,294
470
(276)
194
1,939
(1,514)
424
586
323
(161)
161
3,662
157

330
3,354
995
(47)
4,633
8,149
90,870

297
3,873
963
(47)
5,086
8,906
107,801

(Millions of yen)
Fiscal Year 2021
(As of Mar. 31, 2021)
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Advances received
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Total net assets
Total liabilities and net assets-2-

Fiscal Year 2022
(As of Mar. 31, 2022)

11,187
8,918
4,040
1,140
10,201
1,667
2,841
39,997

15,434
14,5214,840
2,105
14,477
1,786
3,456
56,622

12,375
7,930
914
21,22061,217

9,963
8,166
1,030
19,16075,783

2,495
5,652
21,332(785)
28,694

2,495
5,652
24,262(1,947)30,463

73

54

(225)
186
235

(155)
586
4

270

489

687
29,65290,8701,065
32,018107,801

(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income

Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Salaries and allowances
Provision for bonuses
Retirement benefit expenses
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Dividend income
Dividend income of insurance
Share of profit of entities accounted for using
equity method
Other
Total non-operating income
Non-operating expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
Gain on receipt of donated non-current assets
Gain on sales of investments in capital ofsubsidiaries and affiliates
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Impairment losses
Provision of allowance for doubtful accounts ofgolf club membership
Loss on redemption of golf club membership
Loss on change in equity
Provision for loss on abolishment of trust
Total extraordinary losses
Net income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of parent(Millions of yen)
Fiscal Year 2022

Fiscal Year 2021
(from Apr. 1, 2020
to Mar. 31, 2021)
143,268
122,666
20,601(from Apr. 1, 2021
to Mar. 31, 2022)
179,907
154,268
25,638

6,670
1,521
648
7,140
15,981
4,620

6,925
1,669
627
8,284
17,506
8,131

2
33

33
44

72

66

72
181

44
189

68
107
176
4,625

873
129
1,002
7,318

1
-

1
2,028

-

31

1

2,061

0
16
-

0
5
1,351

0

0

19
37
4,589
1,540
(169)
1,371
3,217
74
3,143

0
112
1,468
7,910
2,749
(328)
2,421
5,489
404
5,085

-3-

Consolidated Statements of Comprehensive Income(Millions of yen)
Fiscal Year 2022

Fiscal Year 2021
(from Apr. 1, 2020
to Mar. 31, 2021)
Net income
Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net oftax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests-4-(from Apr. 1, 2021
to Mar. 31, 2022)
3,217

5,489

43

(19)

(168)
52

70
379

195

(231)

(3)

20

119
3,337

219
5,709

3,262

5,304

74

404

（3）Consolidated Statements of Changes in Shareholders’ equity
Fiscal Year 2021 (Apr. 1, 2020 to Mar. 31, 2021)(Millions of yen)

Balance at beginningof current period
Cumulative effects of changes
in accounting policies
Restated balance
Changes during period
Dividends of surplus
Net income attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares
Change in ownership interestof parent due to transactions
with non-controlling interests
Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of current period

Shareholders’ equity
Retained earnings Treasury shares

Share capital

Capital surplus

Total shareholders’ equity

2,495

5,645

19,129(944)

26,325

2,495

5,645

19,129(944)

26,325

(940)

(940)

3,143

3,143
(0)
159

(0)
159

7

―
2,495

7

7
5,652

2,203
21,332

159
(785)

2,369
28,694

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at beginningof current period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes of during period
Dividends of surplus
Net income attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders' equity

Total
NonDeferred Foreign
Remeasurements accumulated
controlling
gains or currencyof defined benefit
otherinterests
losses on translationplanscomprehensive
hedges adjustment
incomeTotal net
assets

29

(57)

137

40

150

665

27,141

29

(57)

137

40

150

665

27,141

(940)
3,143
(0)
159
7

43

(168)

49

195

119

22

142

Total changes during period

43

(168)

49

195

119

22

2,511

Balance at end of current
period

73

(225)

186

235

270

687

29,652-5-

Fiscal Year 2022 (Apr. 1, 2021 to Mar. 31, 2022)(Millions of yen)

Balance at beginningof current period
Cumulative effects of changes
in accounting policies
Restated balance
Changes during period
Dividends of surplus
Net income attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares
Change in ownership interestof parent due to transactions
with non-controlling interests
Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of current period

Share capital

Capital surplus

2,495

5,652

Shareholders’ equity
Retained earnings Treasury shares
21,332

Total shareholders’ equity(785)

28,694

(169)
2,495

5,652

21,162

(169)
(785)

28,524(1,984)(1,984)

5,085

5,085
(1,268)106(1,268)
106
―

―
2,495

―
5,652

3,100
24,262(1,162)(1,947)

1,938
30,463

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at beginningof current period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during period
Dividends of surplus
Net income attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares
Change in ownershipinterest of parent due totransactions with noncontrolling interests
Net changes in items otherthan shareholders' equity

73

Total
NonDeferred Foreign
Remeasurements accumulated
controlling
gains or currencyof defined benefit
otherinterests
losses on translationplanscomprehensive
hedges adjustment
income
(225)

186

235

270

687

Total net
assets29,652
(169)

73

(225)

186

235

270

687

29,482(1,984)
5,085(1,268)
106
―

(19)

70

399

(231)

219

378

597

Total changes during period

(19)

70

399

(231)

219

378

2,535

Balance at end of current
period

54

(155)

586

4

489

1,065

32,018-6-

(4) Consolidated Statements of Cash Flow
(Millions of yen)
Fiscal Year 2022

Fiscal Year 2021
(from Apr. 1, 2020
to Mar. 31, 2021)
Cash flows from operating activities
Net income before income taxes
Depreciation and amortization
Impairment losses
Amortization of goodwill
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on sales of investments in capital ofsubsidiaries and affiliates
Gain on receipt of donated non-current assets
Loss (gain) on change in equity
Provision for loss on abolishment of trust
Decrease (increase) in notes and accounts
receivable - trade and contract assets
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in accounts payable - other
Increase (decrease) in advances received
Decrease (increase) in consumption taxes refund
receivable
Decrease (increase) in accounts receivable - other
Decrease (increase) in advance payments to
suppliers
Decrease (increase) in prepaid expenses
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating
activities
Cash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Proceeds from sales of investments in capital ofsubsidiaries and affiliates
Other, net
Net cash provided by (used in) investing activities-7-(from Apr. 1, 2021
to Mar. 31, 2022)
4,589
578
35
451
123
81
494

7,910
672
1,351
59
111
(14)
79
222

-

(31)

19
-

(2,028)112(6,796)(7,786)(3,476)
1,182
273
2,512

(2,147)
4,157
(8)
3,459

(844)

(492)

(65)

71

6

(712)

(1,427)(127)(2,388)19(82)(1,012)(3,553)
(482)
950
128
(80)
(1,889)(3,463)

(891)

(15)
(348)
(79)

183
(349)
(31)

-

43

(26)
(469)

(1)
(155)

(Millions of yen)
Fiscal Year 2022

Fiscal Year 2021
(from Apr. 1, 2020
to Mar. 31, 2021)
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Purchase of shares of subsidiaries not resulting inchange in scope of consolidation
Purchase of treasury shares
Proceeds from disposal of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Repayments of lease liabilities
Net cash provided by (used in) financing
activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period-8-(from Apr. 1, 2021
to Mar. 31, 2022)

2,135
7,000
(3,229)

5,225
2,700
(4,312)

(16)

-

(0)
167
(903)
(28)
(47)

(1,268)235(1,894)
(26)
(52)

5,079

606

26

78

1,172
4,218
5,391

(362)
5,391
5,028

(5) Segment Information
1. Overview of Reported Segments(1) The method to categorize reported segments
The reported segments of the Company are those units for which separate financial statements can be obtained
among the constituent units of the Company and which are regularly examined by the Board of Directors for
decisions on the allocation of management resources and for assessing business performance.
(2) Products and services categorized for each reported segment
The Company operates its business activities under separated sales units for each group of products andservices. The Company categorizes two reported segments, “Electric Components Business” and “Computer
Networks Business”.
“Electronic Components Business” focuses on business activities, such as sales of Semiconductor Products,
Boards, electronic components, and Software & services, as well as manufacturing and sales of private brand(PB) products. “Computer Networks Business” focuses on business activities, such as sales of NetworkRelated Products, Storage-Related Products, and Security-Related Products, as well as Maintenance &Monitoring Services.
2. Basis for Calculating Net sales, Income (loss), Assets, Liabilities, and Other Items by Reported Segment
The accounting methods used for reportable segments are the same as those used for preparing the Consolidated
Financial Statements.
The Company has applied the “Accounting Standard for Revenue Recognition”, etc. effective from theConsolidated Financial Statements for the fiscal year ended March 31, 2022, and accordingly changed themethods relevant to measuring profits or losses of business segments in the same manner.
As a result, in comparison with the previous method, Net sales of “Electric Components Business” decreased by
4,660 million yen and Segment income of the segment decreased by 43 million yen. In addition, Net sales of“Computer Networks Business” decreased by 1,199 million yen and Segment income of the segment decreasedby 149 million yen.

-9-

3. Information on Amounts of Net sales, Income (loss), Assets, Liabilities, and Other Items by Reported Segment,
and breakdown of Revenue
Fiscal Year 2021 (Apr. 1, 2020 to Mar. 31, 2021)(Millions of yen)Segments
Computer
Networks
Business

Electronic
Components
Business
Net sales:
Semiconductor &Boards Products,
etc.
Storage & Network
Products, etc.
Maintenance &Monitoring
Services
Revenue fromcontracts withcustomers
Outside customers

Consolidated
Adjustments statements of income(Note)

Total

119,334―

119,334―

119,334―

14,55914,559―14,559

―

9,373

9,373

―

9,373

119,334

23,933

143,268―

143,268

119,334

23,933

143,268―

143,268

Inter-segment

85

―

85

(85)

―

Total

119,420

23,933

143,353(85)

143,268

Segment income

1,790

2,834

4,625

―

4,625

Segment assets

71,34819,52290,870―90,870

Other items
Depreciation
366
202
569
―
569
Amortization of
35
―
35
―
35
goodwillInterest expenses
79
1
81
―
81
Increase inproperty, plant, and
269
116
385
―
385
equipment, andintangible assets(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.

- 10 -

Fiscal Year 2022 (Apr. 1, 2021 to Mar. 31, 2022)(Millions of yen)Segments
Computer
Networks
Business

Electronic
Components
Business
Net sales:
Semiconductor &Boards Products,
etc.
Storage & Network
Products, etc.
Maintenance &Monitoring
Services
Revenue fromcontracts withcustomers
Outside customers

Consolidated
Adjustments statements of income(Note)

Total

156,446―

156,446―

156,446―

14,157

14,157―

14,157

―

9,303

9,303

―

9,303

156,446

23,460179,907―179,907

156,446

23,460179,907―179,907

Inter-segment

2

―

2

(2)

―

Total

156,449

23,460179,909(2)

179,907

Segment income

5,083

2,234

7,318

―

7,318

Segment assets

86,03821,762

107,801―

107,801

Other items
Depreciation
481
174
656
―
656
Amortization of
59
―
59
―
59
goodwillInterest expenses
77
1
79
―
79
Increase inproperty, plant, and
2,589
143
2,732
―
2,732
equipment, andintangible assets(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.
4. Impairment losses on the Non-current assets
The Company recorded 1,351 million yen in Impairment losses on the Intangible assets (Goodwill, Technical assets
and Customer related assets) recognized when acquiring shares of FAST CORPORATION, belonging to “Electric
Components Business”, in the Consolidated Financial Statements for the fiscal year ended March 31, 2022.
For details of the Impairment losses, please see “Announcement of the Recording of Extraordinary Losses andRevisions to the Consolidated Financial Forecasts for the Fiscal Year Ended March 31, 2022” disclosed April 15,
2022.

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