Summary of Consolidated Financial Results
For the Fiscal Year Ended March 31, 2017 [Japanese GAAP]
April 26, 2017
Company name:TOKYO ELECTRON DEVICE LIMITED
Stock exchange listing:Tokyo Stock Exchange 1st Section (Code 2760)
URL:
http://www.teldevice.co.jp/eng/
Representative:
Atsushi Tokushige, President & Representative Director
Contact:
Hiroki Tanaka, Director, Finance Department
TEL:+81-45-443-4000
Scheduled date for the general meeting of shareholders:June 21, 2017
Scheduled date for dividend payment:
May 31,2017(Amounts are rounded down to the nearest million yen.)
1. Consolidated financial highlights for the fiscal year ended March 31, 2017 (April 1, 2016 to March 31, 2017)(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, 2017
Fiscal year ended March
31, 2016(Note) Comprehensive income:% Millions of yen

131,855 11.9

1,665

117,8311,490 (42.6)

5.5% Millions of yen%

1,377 (15.4)

972

5.0

1,628

925

29.0

19.9

1,303million yen [-%]
(55)million yen [-%]

Diluted net
income per
share

Return on
equityOrdinary
income to total
assetsOperatingincome to net
sales

Yen

Yen

%

%

%

96.71

—

4.3

2.0

1.3

92.55

—

4.1

2.4

1.3

(Reference) Share of profit (loss) of entities accounted
for using equity method(2) Consolidated financial position
Total assets

As of March 31, 2017 (12)million yen

Net assets

As of March 31, 2016

Equity ratio(9)million yen

Net assets per share

Millions of yen

Millions of yen%

Yen

73,70864,28422,92822,17431.1
34.5

2,275.73
2,212.37

As of March 31, 2017
As of March 31, 2016
(Reference) Equity:

11.7

Fiscal year ended March 31, 2017
Fiscal year ended March 31, 2016
Basic net
income per
share

Fiscal year ended March
31, 2017
Fiscal year ended March
31, 2016% Millions of yen

As of March 31, 2017

22,925million yen

As of March 31, 2016

22,171million yen(3) Consolidated cash flows

Cash flows fromoperating activities
Fiscal year ended March
31, 2017
Fiscal year ended March
31, 2016

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(4,685)

(262)

4,739

2,433

3,543

(347)

(2,841)2,637

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

Fiscal year ended
March 31, 2016
Fiscal year ended
March 31, 2017
Fiscal year ending
March 31, 2018
(Forecast)Year-end

Total

Total
dividends
paid(annual)Payoutratio(consolida
ted)

Dividends
to netassets(consolida
ted)

Yen

Yen

Yen

Yen

Yen

Millions of
yen

%

%

—

30.00

—

30.00

60.00

626

64.8

2.7

—

30.00

—

30.00

60.00

626

62.0

2.7

—

30.00

—

30.00

60.00

60.4

3. Consolidated financial forecasts for the fiscal year ending March 31, 2018 (April 1, 2017 to March 31, 2018)(% 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,
2017 (cumulative)
Fiscal year ending
March 31, 2018

Millions of yen% Millions of yen%

Millions of yen%

Yen

68,400

13.5

360

14.1

250

7.2

24.82

140,000

6.2

1,500

8.9

1,000

2.9

99.27

*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, 2017
10,445,500 shares
March 31, 2016
10,445,500 shares
2) Number of treasury shares at the end of the period:
March 31, 2017
371,519 shares
March 31, 2016
423,819 shares
3) Average number of shares outstanding during the period:
Fiscal year ended March 31, 201710,051,506 sharesFiscal year ended March 31, 2016
9,998,807 shares(Note) The Company has adopted the Directors’ Compensation BIP (Board Incentive Plan) Trust and the Employee
Shareholding Association ESOP (Employee Stock Ownership Plan) Trust, and has included the number of theCompany’s shares held by both Trusts accordingly in the number of treasury shares.

(Reference) Non-consolidated financial highlights for the fiscal year ended March 31, 2017 (April 1, 2016 to March 31,
2017)(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, 2017
Fiscal year ended March
31, 2016% Millions of yen% Millions of yen

89,504 12.3

235 (45.0)

79,666 (4.1)

427 (67.7)% Millions of yen

720 (38.9)
1,179

%

489 (17.8)

15.2

595 73.3

Diluted net
Basic net
income per share income per share
Fiscal year ended March
31, 2017
Fiscal year ended March
31, 2016

Yen

Yen

48.67

—

59.55

—

(2) Non-consolidated financial position
Total assets

Equity ratio

Net assets per share

Millions of yen%

Yen

66,021
55,25221,00821,09031.8
38.2

2,085.40
2,104.50

As of March 31, 2017
As of March 31, 2016
(Reference) Equity:

Net assets

Millions of yen

As of March 31, 2017

21,008million yen

As of March 31, 2016

21,090million yen*This financial report is not subject to an audit.
* 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 2016
(As of Mar. 31, 2016)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods
Deferred tax assets
Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Net defined benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

Fiscal Year 2017
(As of Mar. 31, 2017)

2,637
28,9022,433
37,809627

950

21,527521
5,123
59,34022,533651
4,389
68,768

1,608
(984)
623
1,530
(1,303)
226
3
(2)
0
19
870

1,632
(1,056)575
1,511(1,271)
239
0
(0)
0
–
816

102
669
772

–
431
431

177
2,162
972
(11)
3,301
4,944
64,284

552
2,050
1,103
(12)
3,693
4,940
73,708(Millions of yen)
Fiscal Year 2016
(As of Mar. 31, 2016)
Liabilities
Current liabilities
Accounts payable - trade
Short-term loans payable
Current portion of long-term loans 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 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

Fiscal Year 2017
(As of Mar. 31, 2017)

8,694
10,680
2,096
4,138
712
1,866
28,18911,08914,955
96
4,585
829
2,358
33,913

6,288
7,080
552
13,921
42,110

9,192
7,138
537
16,86750,7802,495
5,645
14,917(628)
22,4302,495
5,645
15,262(550)
22,853

(8)

22

77
215
(542)

72
210
(232)

(258)

72

2
22,17464,2842
22,92873,708

(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
Foreign exchange gains
Guarantee commission received
Insurance income
Dividend income of insurance
Other
Total non-operating income
Non-operating expenses
Interest expenses
Loss on sales of accounts receivable
Foreign exchange losses
Guarantee commission
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of golf memberships
Gain on sales of investments in capital ofsubsidiaries and associates
Gain on transition of retirement benefit plan
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on sales of investment securities
Loss on valuation of golf club membership
Other
Total extraordinary losses
Net income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Net income
Net income attributable to owners of parent

Fiscal Year 2016
(from Apr. 1, 2015
to Mar. 31, 2016)
117,831102,852
14,979(Millions of yen)
Fiscal Year 2017(from Apr. 1, 2016
to Mar. 31, 2017)
131,855
116,709
15,146

5,660
722
519
6,587
13,488
1,490

5,595
814
806
6,265
13,481
1,665

181
14
22
37
26
282

–
14
22
37
31
106

81
25
–
29
9
144
1,628

111
25
220
21
14
393
1,377

–

0

8

–

–
8

60
61

5
9
6
1
23
1,613
338
349
688
925
925

4
–
–
–
4
1,435
609
(145)
463
972
972

Consolidated Statements of Comprehensive Income

925(Millions of yen)
Fiscal Year 2017(from Apr. 1, 2016
to Mar. 31, 2017)
972

(13)

30

113
(119)

(5)
(2)

(929)

310

(30)

(2)

(980)
(55)

331
1,303

(55)

1,303

–

–

Fiscal Year 2016
(from Apr. 1, 2015
to Mar. 31, 2016)
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

（3）Consolidated Statements of Changes in Shareholders’ equity
Fiscal Year 2016 (Apr. 1, 2015 to Mar. 31, 2016)(Millions of yen)
Shareholders’ equity
Capital Stock
Balance at beginningof current period
Changes of items during
periodCapital surplus

2,495

5,645

Dividends of surplus
Net income attributableto owners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes of items
other than shareholders'equityTotal changes of items
during period
Balance at end of current
periodRetained earnings

Treasury shares

14,618

Total shareholders’equity(703)

22,056

(626)

(626)

925

925
(0)

(0)

75

75

—

—

298

75

374

2,495

5,645

14,917(628)

22,430

Accumulated other comprehensive income
Total
Valuation
NonForeign
DeferredRemeasurements of accumulated controlling
difference on
currency
available-for- gains or losses
defined benefit
otherinterests
translation
sale
on hedges
planscomprehensive
adjustment
securities
incomeBalance at beginningof current period
Changes of items during
period

5

(36)

366

386

721

—

Dividends of surplus
Net income attributableto owners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes of items
other than shareholders'equityTotal changes of items
during period
Balance at end of current
periodTotal net
assets

22,777

(626)
925
(0)
75
(13)

113

(150)

(929)

(980)

2

(978)

(13)

113

(150)

(929)

(980)

2

(603)

(8)

77

215

(542)

(258)

2

22,174

Fiscal Year 2017 (Apr. 1, 2016 to Mar. 31, 2017)(Millions of yen)
Shareholders’ equity
Capital Stock
Balance at beginningof current period
Changes of items during
periodCapital surplus

2,495

5,645

Dividends of surplus
Net income attributableto owners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes of items
other than shareholders'equityTotal changes of items
during period
Balance at end of current
periodRetained earnings

Treasury shares

14,917

Total shareholders’equity(628)

22,430

(626)

(626)

972

972
—
77

77

—

—

345

77

422

2,495

5,645

15,262(550)

22,853

Accumulated other comprehensive income
Total
Valuation
NonForeign
DeferredRemeasurements of accumulated controlling
difference on
currency
available-for- gains or losses
defined benefit
otherinterests
translation
sale
on hedges
planscomprehensive
adjustment
securities
incomeBalance at beginningof current period
Changes of items during
period

(8)

77

215

(542)

(258)

2

Dividends of surplus
Net income attributableto owners of parent
Purchase of treasury
shares
Disposal of treasury
sharesNet changes of items
other than shareholders'equityTotal changes of items
during period
Balance at end of current
periodTotal net
assets22,174

(626)
972
—
77
30

(5)

(5)

310

331

—

331

30

(5)

(5)

310

331

—

754

22

72

210

(232)

72

2

22,928

(4) Consolidated Statements of Cash Flow
(Millions of yen)
Fiscal Year 2017(from Apr. 1, 2016
to Mar. 31, 2017)

Fiscal Year 2016
(from Apr. 1, 2015
to Mar. 31, 2016)
Cash flows from operating activities
Net income before income taxes
Depreciation
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 investment securities
Loss (gain) on sales of investments in capital ofsubsidiaries and associates
Decrease (increase) in notes and accounts
receivable - trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts payable- tradeIncrease (decrease) in accounts payable - other
Increase (decrease) in advances received
Increase (decrease) in deposits received
Decrease (increase) in consumption taxes refund
receivable
Decrease (increase) in accounts receivable - other
Decrease (increase) in advances paid
Decrease (increase) in prepaid expenses
Other, net
SubtotalInterest and dividend income received
Interest expenses paid
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating
activities
Cash flows from investing activities
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of shares of subsidiaries and associates
Proceeds from sales of investments in capital ofsubsidiaries and associates
Other, net
Net cash provided by (used in) investing activities

1,613
491
102
(23)
(31)
81
(652)
9

1,435
487
102
116
213
111
521
–

(8)

–

(1,164)(9,250)3,080(1,054)

(857)

2,428

(983)
456
386

(53)
446
47

2,383

(222)

87
(278)
(273)
112
4,531
1
(83)
(906)
–

215
246
(148)
(74)
(4,431)
7
(111)
(243)
93

3,543

(4,685)

(136)
(79)
(180)
43
–

(133)
(33)
(30)
–
(83)

20

–

(14)
(347)

19
(262)

(Millions of yen)
Fiscal Year 2017(from Apr. 1, 2016
to Mar. 31, 2017)

Fiscal Year 2016
(from Apr. 1, 2015
to Mar. 31, 2016)
Cash flows from financing activities
Net increase (decrease) in short-term loans
payableProceeds from long-term loans payable
Repayments of long-term loans payable
Proceeds from disposal of treasury shares
Cash dividends paid
Other, net
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(5,228)

4,357

3,000
(96)
80
(598)
1

3,000
(2,096)
80
(602)
(0)

(2,841)

4,739

(19)

4

335
2,302
2,637

(204)
2,637
2,433

(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 segments
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”.
“Electric Components Business” focuses on sales of semiconductor products and other electric components,
and “Computer Networks Business” focuses on sales of computer network devices and data storage servers.
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.
3. Information on Amounts of Net sales, Income (loss), Assets, Liabilities, and other Items by Reportable Segment
Fiscal Year 2016 (Apr. 1, 2015 to Mar. 31, 2016)(Millions of yen)Segments
Computer
Networks
Business

Electronic
Components
Business

Total

Adjustments

Consolidated
statements of income(Note)Net sales:
Outsidecustomers
Inter-segment

99,93017,900117,831—

117,831

—

—

—

—

—

Total

99,93017,900117,831—

117,831

Segment income

782

846

1,628

—

1,628

Segment assets

53,123

11,16164,284—64,284

Other items
Depreciation
285
186
471
—
471
Amortization of
—
102
—
102
102
goodwillInterest
—
81
78
2
81
expenses
Increase inproperty,plant, and
—
221
98
122
221
equipment,
and intangible
assets(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.

Fiscal Year 2017 (Apr. 1, 2016 to Mar. 31, 2017)(Millions of yen)Segments
Computer
Networks
Business

Electronic
Components
Business

Total

Adjustments

Consolidated
statements of income(Note)Net sales:
Outsidecustomers
Inter-segment

115,018

16,836

131,855―

131,855

―

―

―

―

―

Total

115,018

16,836

131,855―

131,855

Segment income

591

786

1,377

―

1,377

Segment assets

62,58911,11973,708―73,708Other items
Depreciation
282
184
467
―
467
Amortization of
―
102
―
102
102
goodwillInterest
―
111
108
3
111
expenses
Increase inproperty,plant, and
―
180
109
70
180
equipment,
and intangible
assets(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.