Summary of Consolidated Financial Results
For The Second Quarter Ended September 30, 2021
[Japanese GAAP]
October 28, 2021
Company name:
Stock exchange listing:
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TOKYO ELECTRON DEVICE LIMITEDTokyo Stock Exchange 1st Section (Code 2760)
https://www.teldevice.co.jp/eng/
Atsushi Tokushige, President & Representative Director
Hiroki Tanaka, Director, Financial Department+81-45-443-4000(Amounts are rounded down to the nearest million yen.)
1. Consolidated Financial Highlights for the Second Quarter Ended September 30, 2021 (April 1, 2021 toSeptember 30, 2021)(1) Consolidated Operating Results (cumulative)(% 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

The Second Quarter
ended September 30, 2021
The Second Quarter
ended September 30, 2020
(Note) Comprehensive income:

The Second Quarter
ended September 30, 2021
The Second Quarter
ended September 30, 2020

% Millions of yen% Millions of yen

82,780

33.7

2,757

145.6

2,481

96.7

61,901(5.1)

1,122 (17.9)

1,261

(5.9)

The Second Quarter ended September 30, 2021
The Second Quarter ended September 30, 2020

Basic net income
per share

Diluted net income
per share

YenYen263.99–81.94–(2) Consolidated Financial Position
Total assets
As of September 30, 2021
As of March 31, 2021

% Millions of yen

Net assets%

2,646 221.4
823

(4.8)

3,160 million yen [302.1%]
786 million yen [(5.1)%]

Equity ratio

Millions of yen

Millions of yen%

92,18190,87030,51529,65232.0
31.9(Reference) Equity:
As of September 30, 2021 29,517 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 first quarter ended June 30, 2021. The figures for the second quarter ended September 30, 2021, arethe figures after the application of this accounting standard, etc.

2. Dividends
End of 1Q

End of 2Q

Yen

Fiscal year ended–
March 31, 2021
Fiscal year ending–March 31, 2022
Fiscal year ending
March 31, 2022
(Forecast)(Note) Revision of dividends forecast: Yes

Annual dividends per share
End of 3Q
Year-end

AnnualYen

Yen

Yen

Yen

40.00

–

85.00

125.00–100.00205.00105.003. Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2022 (April 1, 2021 to March 31,2022)(% indicates changes from the same period of previous fiscal year.)
Net income
Basic net income
Net sales
Ordinary income
attributable to owners
per shareof parent
Millions of yen%

Fiscal year ending
172,000
20.1
March 31, 2022
(Note) Revision of financial forecasts: Yes

Millions of yen%

Millions of yen%

Yen

6,200

34.0

5,20065.4518.79*Notes(1) Changes of significant subsidiaries during the period : None
(2) Changes in accounting policies, accounting estimates, and restatements
1) Changes due to revision of accounting standards: Yes2) Changes in accounting standards other than 1): None3) Changes in accounting estimates: None4) Restatements: None(3) Number of shares outstanding (common stock)1) Number of shares outstanding at the end of the period (including treasury stock):
September 30, 2021
10,445,500 shares
March 31, 2021
10,445,500 shares
2) Number of shares of treasury stock at the end of the period:
September 30, 2021
566,475 shares
March 31, 2021
357,754 shares
3) Average number of shares outstanding during the period:
The Second Quarter ended September
10,023,256 shares30, 2021
The Second Quarter ended September
10,046,745 shares30, 2020(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 thenumber of shares of treasury stock.
*This quarterly financial report is outside the scope of an audit procedure by the Certified Public Accountant or theAudit 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)
FY 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
Intangible fixed assets
Investments and other assets
Net defined benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-1-FY 2022
(As of Sep. 30, 2021)

5,680
39,543

4,493––

37,813

2,181

2,769

24,795
849
6,867
2,810
(6)
82,721

23,946
1,100
9,941
2,161
(6)
82,220

1,820
1,695

3,642
1,615

330
4,350
(47)
4,633
8,149
90,870

363
4,387
(47)
4,703
9,961
92,181

(Millions of yen)
FY 2021(As of Mar. 31, 2021)
Liabilities
Current liabilities
Accounts payable – trade
Short-term loans payable
Current portion of long-term loans payable
Income taxes payable
Advances received
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Net defined benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
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-FY 2022
(As of Sep. 30, 2021)

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

11,687
6,648
4,040
1,464
13,2351,469
1,846
40,392

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

12,227
8,002
1,043
21,273
61,6652,495
5,652
21,332(785)
28,694

2,495
5,652
22,920(1,998)29,06973

56(225)
186
235

(83)
271
203

270

447

687
29,65290,870997
30,51592,181

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

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
Foreign exchange gains
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
Provision of allowance for doubtful accountsof 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
Net income
Net income attributable to non-controllinginterests
Net income attributable to owners of parent

FY 2021(from Apr. 1, 2020
to Sep. 30, 2020)
61,901
53,1268,775

FY 2022(from Apr. 1, 2021
to Sep. 30, 2021)
82,78071,517
11,262

3,315
929
322
3,085

3,441
1,361
315
3,386

7,653

8,505

1,122

2,757

1
33

31
44

47

38

64
40
187–
21137

–
48
48
1,261

351
61
412
2,481

1–

1
1,888

–

31

1

1,921

0
80
2

00

19–
29
1,233
380
853

–
112
114
4,289
1,306
2,982

30

336

823

2,646

-3-Consolidated Statements of Comprehensive Income(Millions of yen)
FY 2021(from Apr. 1, 2020
to Sep. 30, 2020)
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 ofassociates accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to noncontrolling interests-4-FY 2022
(from Apr. 1, 2021
to Sep. 30, 2021)
853

2,982

32

(17)

(11)
(59)

142
65

(21)

(32)

(7)

18(67)
786

177
3,160755

2,82330336

(3) Consolidated Statements of Cash Flow
(Millions of yen)
FY 2021(from Apr. 1, 2020
to Sep. 30, 2020)
Cash flows from operating activities
Net income before income taxes
Depreciation and amortization
Amortization of goodwill
Increase (decrease) in provision for bonuses
Increase (decrease) in net defined 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
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 notes and accounts
payable - trade
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
Loss (gain) on change in equity
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating
activities
Cash flows from investing activities
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-5-FY 2022
(from Apr. 1, 2021
to Sep. 30, 2021)
1,233
283
17(172)4,289
303
17(198)(2)

1835(70)

41(371)–(31)––(1,888)
112

3,415

1,241

(6,303)

(274)

(700)

508

(90)
2,439

(256)
2,227

(192)

646

(399)

121(584)
19(165)(1,236)
10(36)(532)(1,762)
–
(244)
4,501
53(42)(1,043)(1,794)

3,467

(257)
(31)

(182)
(20)

–

43

(1)

(15)

(290)

(173)

(Millions of yen)
FY 2021(from Apr. 1, 2020
to Sep. 30, 2020)
Cash flows from financing activities
Net increase (decrease) in short-term loans
payableProceeds from long-term borrowings
Repayments of long-term loans payable
Purchase of treasury shares
Proceeds from disposal of treasury shares
Cash dividends paid
Dividends paid to non-controlling interests
Repayments of lease obligations
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-6-

FY 2022(from Apr. 1, 2021
to Sep. 30, 2021)(1,596)(2,289)

5,000
(113)
(0)
81(501)(28)(23)–(148)(1,268)
111
(857)
(26)
(27)

2,818

(4,506)

(11)

19721
4,218
4,939

(1,193)
5,391
4,197

(4) Segment Information
I. For the Period ended September 30, 2020 (From Apr. 1, 2020 to Sep. 30, 2020)
1. Information on the amount of net sales and income (loss) by segments, and breakdown of revenue(Millions of yen)Segments
ComputerNetworks
Business

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

TotalAdjustments

Consolidatedstatements of income(Note)

51,475–51,475–51,475

–

5,829

5,829

–

5,829

–

4,596

4,596

–

4,596

51,475

10,426

61,901–

61,90151,475

10,426

61,901–

61,901

Inter-segment

––––

–

Total

51,475

10,426

61,901–

61,901

Segment income
221
1,040
1,261
–
1,261
(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.
II. For the Period ended September 30, 2021 (From Apr. 1, 2021 to Sep. 30, 2021)
1. Information on the amount of net sales and income (loss) by segments, and breakdown of revenue(Millions of yen)Segments
ComputerNetworks
Business

ElectronicComponents
BusinessNet sales:
Semiconductor &Boards Products,etc.
Storage & Network
Products, etc.
Maintenance &Monitoring Services
Revenue fromcontracts withcustomers
Outside customers

Total

Adjustments

Consolidated
statements of income(Note)

72,777–

72,777–

72,777

–

5,571

5,571

–

5,571

–

4,431

4,431

–

4,431

72,777

10,00282,780–82,78072,777

10,00282,780–82,780Inter-segment

–––––

Total

72,777

10,00282,780–82,780

Segment income
1,563918
2,481–
2,481(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.

-7-2. Matters about changes of Reported Segments, etc.
The Company has applied the “Accounting Standard for Revenue Recognition”, etc. effective from thebeginning of the first quarter ended June 30, 2021, and accordingly changed the methods 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 by2,259 million yen and segment income of the segment decreased by 16 million yen. In addition, net sales of“Computer Networks Business” decreased by 604 million yen and segment income of the segment decreased by
105 million yen.

-8-