Summary of Consolidated Financial Results
For the Fiscal Year Ended March 31, 2024 [Japanese GAAP]
April 30, 2024
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 19, 2024
Scheduled date for dividend payment:
May 30, 2024
(Amounts are rounded down to the nearest million yen.)
1. Consolidated financial highlights for the fiscal year ended March 31, 2024 (April 1, 2023 to March 31, 2024)(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, 2024
Fiscal year ended March
31, 2023(Note) Comprehensive income:% Millions of yen% Millions of yen

242,888

1.1

15,428

8.4

13,922

11.6

9,986

13.8

240,350

33.6

14,22775.0

12,478

70.5

8,778

72.6

Fiscal year ended March 31, 2024
Fiscal year ended March 31, 2023

Basic net
income per
share
Fiscal year ended March
31, 2024
Fiscal year ended March
31, 2023% Millions of yen%

11,222 million yen [19.1%]
9,421 million yen [65.0%]

Diluted net
income per
share

Return on
equityOrdinary
income to total
assetsOperatingincome to net
sales

Yen

Yen

%

%

%

333.46

—

24.1

9.1

6.4

294.83

—

25.5

9.9

5.9

As of March 31, 2024 166 million yen As of March 31, 2023 149 million yen(Reference) Share of profit (loss) of entities accounted
for using equity method(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 theprevious fiscal year.

(2) Consolidated financial position
Total assets
As of March 31, 2024
As of March 31, 2023

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

162,567
143,452

46,19038,99727.7
26.4

1,501.09
1,286.15(Reference) Equity:
As of March 31, 2024
45,042 million yen
As of March 31, 2023
37,848 million yen(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. Net assets per share is calculated based on the assumption that the share split was conducted at the beginning of the previous
fiscal year.

(3) Consolidated cash flows

Cash flows fromoperating activities
Fiscal year ended March
31, 2024
Fiscal year ended March
31, 2023

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

301(2,695)

2,529

6,757

(12,185)(199)

13,7466,442

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

Fiscal year ended
March 31, 2023
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025
(Forecast)Year-end

AnnualTotal
dividends
paid(annual)Payoutratio(consolida
ted)

Dividends
to netassets(consolida
ted)

Yen

Yen

Yen

Yen

Yen

Millions of
yen

%

%

—

145.00—210.00355.00

3,708

40.1

10.2

—

183.00

—

74.00

—

4,230

40.5

9.7

—

52.00

—

65.00

117.0040.4(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 interim dividend per share for the fiscal year ending March 31, 2024 is based on the number of shares before the share split,
and the year-end dividend per share for the fiscal year ending March 31, 2024 is based on the number of shares after the share split,
and the annual dividend is stated as “―”. If the share split is not taken into consideration, the year-end dividend per share for the fiscal
year ending March 31, 2024 would be 222.00 yen, and the annual dividend would be 405.00 yen.

3. Consolidated financial forecasts for the fiscal year ending March 31, 2025 (April 1, 2024 to March 31, 2025)(% 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,
2024 (cumulative)
Fiscal year ending
March 31, 2025

Millions of yen% Millions of yen%

Millions of yen%

Yen

110,000(8.1)

5,500 (12.1)

3,800 (16.5)

126.64230,000(5.3)

12,7008,700 (12.9)

289.94(8.8)*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: None2) 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, 2024
31,336,500 shares
March 31, 2023
31,336,500 shares
2) Number of treasury shares at the end of the period:
March 31, 2024
1,330,180 shares
March 31, 2023
1,490,898 shares
3) Average number of shares outstanding during the period:
Fiscal year ended March 31, 2024
29,948,160 sharesFiscal year ended March 31, 2023
29,774,556 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 each Trust accordingly in the number oftreasury 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, and the 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.

(Reference) Non-consolidated financial highlights for the fiscal year ended March 31, 2024 (April 1, 2023 to March 31,2024)(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, 2024
Fiscal year ended March
31, 2023

Fiscal year ended March
31, 2024
Fiscal year ended March
31, 2023

211,583% Millions of yen% Millions of yen% Millions of yen%

2.9

14,27713.7

12,983

19.3

9,451

23.5

205,553 35.0

12,55379.9

10,884

70.5

7,654

140.3

Basic net income
per share

Diluted net income
per share

Yen

Yen

315.60—257.08—(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 theprevious fiscal year.

(2) Non-consolidated financial position
Total assets
As of March 31, 2024
As of March 31, 2023

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

147,832
129,086

36,09630,28024.4
23.5

1,202.95
1,014.57(Reference) Equity:
As of March 31, 2024
36,096 million yen
As of March 31, 2023
30,280 million yen(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. Net assets per share is calculated based on the assumption that the share split was conducted at the beginning of the previous
fiscal year.

* 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 2023
(As of Mar. 31, 2023)
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
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

Fiscal Year 2024
(As of Mar. 31, 2024)

6,538

6,867

57,73757,234

4,801

4,241

40,402
2,680
17,3324,821(4)53,275
3,161
19,416
7,229(90)

134,309151,336

3,753(1,547)3,799(1,649)

2,205

2,150

487
(333)

526
(388)

154

137

1,952
(1,638)2,033(1,722)

314

311

586
453
(232)

586
499
(328)

220

171

3,481

3,356

226

2,192

352
4,146
980

449
3,867
1,689

Allowance for doubtful accounts

(43)

(323)

Total investments and other assets

5,435

5,682

9,143

11,231

143,452

162,567

Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Retirement benefit asset
Deferred tax assets
Other

Total non-current assets
Total assets-1-

(Millions of yen)
Fiscal Year 2023
(As of Mar. 31, 2023)
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Commercial papers
Current portion of long-term borrowings
Income taxes payable
Advances received
Provision for bonuses
Other

Fiscal Year 2024
(As of Mar. 31, 2024)

20,21420,9493
2,827
21,0822,706
2,811

22,69022,401
5,000
7,000
1,870
23,724
2,401
3,947

Total current liabilities

70,59589,035

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

24,7007,626
1,533

17,7007,440
2,201

Total non-current liabilities

33,85927,341

Total liabilities

104,455

116,377

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

2,495
5,652
30,482(1,813)

2,495
5,684
36,363(1,674)36,81642,869

82

129

(136)
973
111

124
1,744
174

1,031

2,172

1,148

1,148

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
Total net assets
Total liabilities and net assets-2-

38,997

46,190143,452

162,567(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Millions of yen)
Fiscal Year 2024

Net sales
Cost of sales

Fiscal Year 2023
(from Apr. 1, 2022
to Mar. 31, 2023)
240,350
206,106

Gross profit

34,24337,168

7,129
2,573
646

7,463
2,329
712

216

273

206
(2)
9,247

219
367
10,37320,016

21,73914,227

15,428Selling, general and administrative expenses
Salaries and allowances
Provision for bonuses
Retirement benefit expenses
Provision for share based compensation expenses for
employees
Provision for director's share-based compensation
Provision of allowance for doubtful accounts
Other
Total selling, general and administrative expenses
Operating income(from Apr. 1, 2023
to Mar. 31, 2024)

242,888
205,720

Non-operating income
Interest income
Dividend income of insurance
Share of profit of entities accounted for using equity
methodCompensation for damage income
Other

10
43

59
42

149

166

64

91
55

Total non-operating income

268

414

171
1,751
93

228
1,609
83

2,016

1,920

12,47813,922

-

4

-

4

2

0
5

0

-

5
-

32

8

38

Net income before income taxes

12,46913,887

Income taxes - current
Income taxes - deferred

3,938
(347)

3,641
164

Total income taxes

3,590

3,806

Net income

8,879

10,081

100

94

8,778

9,986

Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Provision of allowance for doubtful accounts of golfclub membership
Loss on valuation of golf club membership
Loss on change in equity
Total extraordinary losses

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

8,879(Millions of yen)
Fiscal Year 2024
(from Apr. 1, 2023
to Mar. 31, 2024)
10,081

28
19
377
107

47
260
746
62

9

23

541

1,140

Comprehensive income

9,421

11,222Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

9,320

11,127

100

94

Fiscal Year 2023
(from Apr. 1, 2022
to Mar. 31, 2023)-4-

(3) Consolidated Statements of Changes in Shareholders’ equity
Fiscal Year 2023 (Apr. 1, 2022 to Mar. 31, 2023)(Millions of yen)
Shareholders' equity
Share capital
Balance at beginningof current period
Changes during
periodDividends ofsurplus
Net income
attributable toowners of parent
Purchase oftreasury shares
Disposal of treasury
sharesChange inownership interestof parent due totransactions with
non-controllinginterests
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end ofcurrent period

2,495

CapitalsurplusRetainedearnings

5,652

24,262

Total
shareholders'equityTreasuryshares(1,947)30,463(2,559)(2,559)

8,778

8,778
(0)

(0)

134

134

-

-

-

6,219

134

6,353

2,495

5,652

30,482(1,813)36,816

Accumulated other comprehensive income
Total
NonForeign
Valuation
Remeasureme accumulated controlling
Deferred gains
currency
difference on
nts of definedotheror losses oninterests
translation
available-forbenefit plans comprehensiv
hedgesadjustment
sale securitiese income
Balance at beginningof current period
Changes during
periodDividends ofsurplus
Net income
attributable toowners of parent
Purchase oftreasury shares
Disposal of treasury
sharesChange inownership interestof parent due totransactions with
non-controllinginterests
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end ofcurrent period

54

(155)

586

4

489

1,065

Total net
assets32,018(2,559)
8,778
(0)
134

-

28

19

386

107

541

82

624

28

19

386

107

541

82

6,978

82

(136)

973

111

1,031

1,148

38,997-5-

Fiscal Year 2024 (Apr. 1, 2023 to Mar. 31, 2024)(Millions of yen)
Shareholders' equity
Share capital
Balance at beginningof current period
Changes during
periodDividends ofsurplus
Net income
attributable toowners of parent
Purchase oftreasury shares
Disposal of treasury
sharesChange inownership interestof parent due totransactions with
non-controllinginterests
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end ofcurrent period

2,495

CapitalsurplusRetainedearnings

5,652

30,482

Treasuryshares(1,813)

Total
shareholders'equity36,816(4,104)(4,104)

9,986

9,986
(0)

(0)

139

139

31

31

-

31

5,881

139

6,052

2,495

5,684

36,363(1,674)42,869

Accumulated other comprehensive income
Total
NonForeign
Valuation
Remeasureme accumulated controlling
Deferred gains
currency
difference on
nts of definedotheror losses oninterests
translation
available-forbenefit plans comprehensiv
hedgesadjustment
sale securitiese income
Balance at beginningof current period
Changes during
periodDividends ofsurplus
Net income
attributable toowners of parent
Purchase oftreasury shares
Disposal of treasury
sharesChange inownership interestof parent due totransactions with
non-controllinginterests
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end ofcurrent period

82

(136)

973

111

1,031

1,148

Total net
assets38,997(4,104)
9,986
(0)
139

31

47

260

770

62

1,140

(0)

1,140

47

260

770

62

1,140

(0)

7,193

129

124

1,744

174

2,172

1,148

46,190-6-

(4) Consolidated Statements of Cash Flows(Millions of yen)
Fiscal Year 2024
(from Apr. 1, 2023
to Mar. 31, 2024)

Fiscal Year 2023
(from Apr. 1, 2022
to Mar. 31, 2023)
Cash flows from operating activities
Net income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for share-based
compensation expenses for employees
Increase (decrease) in provision for share-based
compensation expenses for directors
Interest expenses
Share of loss (profit) of entities accounted for using
equity method
Foreign exchange losses (gains)
Compensation income for damage
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

12,469
559
(7)
913
(381)

13,887
763
366
(317)
(141)

230

286

206

219

171

228

(149)

(166)

(702)
-

916
(91)

(11,203)

2,127(15,521)
4,716
(159)
6,594

(12,468)
2,345
143
1,991

(1,198)

(760)

100
577
(5,599)(615)(1,561)132(2,082)(878)

Subtotal(8,999)4,940

Interest and dividends received
Interest paid
Compensation income for damage received
Income taxes paid

124
(169)
(3,140)

272
(231)
91
(4,771)

Net cash provided by (used in) operating activities(12,185)

301

Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sale of investment securities
Payments of leasehold and guarantee deposits
Proceeds from cancellation of insurance funds
Payments for acquisition of businesses
Other, net

10
(176)
(94)
47
15

(14)
(304)
(599)
(144)
4
(439)
(1,200)2

Net cash provided by (used in) investing activities(199)(2,695)

Cash flows from investing activities-7-

(Millions of yen)
Fiscal Year 2024
(from Apr. 1, 2023
to Mar. 31, 2024)

Fiscal Year 2023
(from Apr. 1, 2022
to Mar. 31, 2023)
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Net increase (decrease) in commercial papers
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

6,052
15,000(5,100)

1,121
5,000
(3)

-

(27)

(0)
307
(2,428)
(17)
(65)

(0)
468
(3,916)(35)(77)

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

13,746

2,529

53

179

1,414

314

Cash and cash equivalents at beginning of period

5,028

6,442

Cash and cash equivalents at end of period

6,442

6,757

-8-

(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 network-related
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.

-9-3. Information on Amounts of Net sales, Income (loss), Assets, Liabilities, and Other Items by Reported Segment,
and breakdown of Revenue
Fiscal Year 2023 (Apr. 1, 2022 to Mar. 31, 2023)(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

211,094―

211,094―

211,094―

18,636

18,636―

18,636―

10,61910,619―10,619211,094

29,255

240,350―

240,350

211,094

29,255

240,350―

240,350

Inter-segment

2

―

2

(2)

―

Total

211,096

29,255

240,352(2)

240,350

Segment income

10,4592,019

12,478―12,478Segment assets

117,632

25,819143,452―

143,452

Other items
Depreciation
380
146
527
―
527
Amortization of
―
―
―
―
―
goodwillInterest expenses
167
4
171
―
171
Increase inproperty, plant, and
288
102
391
―
391
equipment, andintangible assets(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.

-10-

Fiscal Year 2024 (Apr. 1, 2023 to Mar. 31, 2024)(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

Adjustments

Total

Consolidated
statements ofincome(Note)

209,909―

209,909―

209,909―20,486

20,486―

20,486―

12,492

12,492―

12,492

209,909

32,978242,888―242,888

209,909

32,978242,888―242,888

Inter-segment

1

―

1

(1)

―

Total

209,91132,978242,889(1)

242,888

Segment income

10,4593,463

13,922―

13,922

Segment assets

127,499

35,068

162,567―

162,567

Other items
Depreciation
554
131
685
―
685
Amortization of
4
―
4
―
4
goodwillInterest expenses
227
0
228
―
228
Increase inproperty, plant, and
2,287
253
2,540
―
2,540
equipment, andintangible assets(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.

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