Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated
document and the Japanese original, the original shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Japanese GAAP]
July 31, 2024
Company name: TOKYO ELECTRON DEVICE LIMITED
Listing: Tokyo
Stock Exchange Code: 2760
URL: https://www.teldevice.co.jp/
Representative: Atsushi Tokushige, President & Representative Director, CEO
Inquiries: Hiroki Tanaka, Director, Financial Department
Telephone: +81-45-443-4000
Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: None
Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(Percentages indicate year-on-year changes.)
Net income
Net sales
Operating income
Ordinary income
attributable to ownersof parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Three months ended
June 30, 2024
56,607
(4.1)
4,252
17.2
3,614
15.0
2,494
14.1
June 30, 2023
59,012
16.4
3,628
22.7
3,143
45.5
2,186
47.8
(Note) Comprehensive income:Three months ended June 30, 2024:
2,932 million yen[ 7.1%]
Three months ended June 30, 2023:
2,739 million yen[ 41.1%]
Basic net income
per share

Diluted net income
per share

Yen
Yen
Three months ended
June 30, 2024
83.09
June 30, 2023
73.22
(Note) The Company conducted a share split at a ratio of three shares for every one share of the Company’s common stock as of October
1, 2023. Basic net income per share is calculated based on the assumption that the share split was conducted at the beginning of
the previous fiscal year.

(2) Consolidated Financial Position
Total assets
As ofJune 30, 2024
March 31, 2024
(Reference) Equity:

Millions of yen

161,802
162,567
As of June 30, 2024:
As of March 31, 2024:

Net assets
Millions of yen

46,804
46,19045,677 million yen
45,042 million yen

Equity ratio
%

28.2
27.7

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2024-

183.00

-

74.00

-

Fiscal year ending March 31, 2025

52.00

-

65.00

117.00Fiscal year ending March 31, 2025
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-end

AnnualNone(Note) The Company conducted a share split at a ratio of three shares for every one share of the Company’s common stock as of October
1, 2023. The year-end dividend per share for the fiscal year ended March 31, 2024 is based on the number of shares after theshare split, and the annual dividend is stated as “―”. If the share split is taken into consideration, the interim dividend per sharefor the first half of the fiscal year ended March 31, 2024 would be 61.00 yen, and the annual dividend would be 135.00 yen.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Net sales
Millions of yen

Net income attributableto owners of parent

Ordinary income%

Millions of yen%

Millions of yen

Six months ending
110,000(8.1)
5,500(12.1)
September 30, 2024
Full year
230,000(5.3)
12,700(8.8)
None(Note) Revision to the financial results forecast announced most recently:* Notes:(1) Significant changes in the scope of consolidation during the period:

Basic net income per
share

%

Yen

3,800

(16.5)

126.648,700(12.9)

289.94None(2) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None
(3) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
31,336,500 shares
March 31, 2024:
31,336,500 shares
2) Number of treasury shares at the end of the period:
June 30, 2024:
1,294,012 shares
March 31, 2024:
1,330,180 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
Three months ended June 30, 2023:

30,021,476 shares
29,864,877 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 (E-Ship)”, and has included the number of
the Company’s shares held by each Trusts accordingly in the number of treasury shares.
(Note) The Company conducted a share split at a ratio of three shares for every one share of the Company’s common stock as of October
1, 2023. The number of shares outstanding at the end of the period, the number of treasury shares at the end of the period, andthe average number of shares outstanding during the period are calculated based on the assumption that the stock split was
conducted at the beginning of the previous fiscal year.

* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public
accountants or an audit firm: None
* 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 of these 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)
FY 2024(As of Mar. 31, 2024)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically 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
Intangible assets
Investments and other assets
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-1-

FY 2025(As of Jun. 30, 2024)

6,867

7,061

57,23450,227

4,241

5,886

53,275
3,161
19,416
7,229(90)

58,726
3,091
22,1343,490(81)

151,336

150,538

3,356
2,192

3,469
2,182

449
5,557
(323)

458
5,483
(328)

5,682

5,613

11,231

11,264

162,567

161,802

(Millions of yen)
FY 2024(As of Mar. 31, 2024)
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Commercial papers
Current portion of long-term borrowings
Advances received
Provision for bonuses
Other

FY 2025(As of Jun. 30, 2024)

22,69022,401
5,000
7,000
23,724
2,401
5,817

23,612
16,0195,000
3,000
26,596851
5,633

Total current liabilities

89,03580,712

Non-current liabilities
Long-term borrowings
Retirement benefit liability
Other

17,7007,440
2,201

24,7007,335
2,250

27,341

34,285

Total liabilities

Total non-current liabilities

116,377

114,998

Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares

2,495
5,684
36,363(1,674)

2,495
5,684
36,539(1,639)42,86943,079

129

86

124
1,744
174

199
2,156
155

2,172

2,598

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 income
Non-controlling interests

1,148

1,126

Total net assets

46,19046,804

162,567

161,802

Total liabilities and net assets-2-(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income

Net sales
Cost of sales

FY 2024(from Apr. 1, 2023
to Jun. 30, 2023)
59,01250,091(Millions of yen)
FY 2025(from Apr. 1, 2024
to Jun. 30, 2024)
56,60747,411Gross profit

8,921

9,195

Selling, general and administrative expenses
Salaries and allowances
Provision for bonuses
Retirement benefit expenses
Other

1,835
903
178
2,375

1,929
752
167
2,093

5,292

4,942

3,628

4,252

49

34

19

38

69

72

467
86

565
145

Total selling, general and administrative expenses
Operating income
Non-operating income
Share of profit of entities accounted for using equity
methodOther
Total non-operating income
Non-operating expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Net income before income taxes

554

711

3,143

3,614

4

0
-

4

0

0

0

0

0

3,147

3,614

Income taxes

936

1,107

Net income

2,210

2,506

24

12

2,186

2,494

Net income attributable to non-controlling interests
Net income attributable to owners of parent-3-

Consolidated Statements of Comprehensive Income

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income

2,210(Millions of yen)
FY 2025(from Apr. 1, 2024
to Jun. 30, 2024)
2,506

10
83
437
(5)

(42)
74
404
(19)

1

7

528

425

Comprehensive income

2,739

2,932

Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

2,715

2,919

24

12

FY 2024(from Apr. 1, 2023
to Jun. 30, 2023)-4-

(3) Consolidated Statements of Cash Flows(Millions of yen)
FY 2025(from Apr. 1, 2024
to Jun. 30, 2024)

FY 2024(from Apr. 1, 2023
to Jun. 30, 2023)
Cash flows from operating activities
Net income before income taxes
Depreciation and amortization
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Interest expenses
Foreign exchange losses (gains)
Decrease (increase) in accounts receivable - trade, andcontract 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 prepaid expenses
Other, net

3,147
127
(1,746)
(198)
65
1,122

3,614
241
(1,555)
(123)
70
23

5,543

5,897

(4,542)(3,116)317
2,524(5,035)
862
258
2,869

2,586

3,545

111
(405)
224

311
(2,717)(403)

Subtotal

5,762

7,861

Interest and dividends received
Interest paid
Income taxes paid

35
(67)
(2,592)47(74)(1,723)

Net cash provided by (used in) operating activities

3,137

6,111

(3)
(112)
(45)
4
(428)
0

(3)
(189)
(131)
(1)
20

Net cash provided by (used in) investing activities

(584)

(305)

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings(1,167)(3)(6,529)7,000(4,000)Purchase of treasury shares
Proceeds from disposal of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Repayments of lease liabilities(0)91(2,089)
(35)
(18)

114
(2,220)(34)(21)

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(3,223)(5,691)

103

76

(567)

190

Cash and cash equivalents at beginning of period

6,442

6,757

Cash and cash equivalents at end of period

5,875

6,948

Cash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Proceeds from sale of investment securities
Payments of leasehold and guarantee deposits
Other, net-5-(4) Segment Information
I. For the Period ended June 30, 2023 (From Apr. 1, 2023 to Jun. 30, 2023)
1. Information on the amount of net sales and income (loss) by segments, and breakdown of revenue(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

Total

51,912–

51,912–

51,912

–

4,238

4,238

–

4,238

–

2,861

2,861

–

2,861

51,912

7,099

59,012–59,012

51,912

7,099

59,012–59,012

–

–

–

–

–

51,912

7,099

59,012–59,012

Inter-segment
Total

Consolidated
Adjustments statements of income(Note)

Segment income
2,563
579
3,143
–
3,143
(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.
II. For the Period ended June 30, 2024 (From Apr. 1, 2024 to Jun. 30, 2024)
1. Information on the amount of net sales and income (loss) by segments, and breakdown of revenue(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
Inter-segment
Total

Consolidated
Adjustments statements of income(Note)

Total

47,865–47,865–47,865

–

5,484

5,484

–

5,484

–

3,256

3,256

–

3,256

47,865

8,741

56,607–56,60747,865

8,741

56,607–56,607

–

–

–

–

–

47,865

8,741

56,607–56,607

Segment income
2,460
1,153
3,614
–
3,614
(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.

-6-