Summary of Consolidated Financial Results
For The Third Quarter Ended December 31, 2022
[Japanese GAAP]
January 30, 2023
Company name:
Stock exchange listing:
URL:
Representative:
Contact:
TEL:

TOKYO ELECTRON DEVICE LIMITEDTokyo Stock Exchange Prime Market (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 Third Quarter Ended December 31, 2022 (April 1, 2022 toDecember 31, 2022)(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 Third Quarter
ended December 31, 2022
The Third Quarter
ended December 31, 2021
(Note) Comprehensive income:% Millions of yen% Millions of yen%

175,89637.5

10,409

119.9

8,493

99.4

5,901

51.5

127,892

29.0

4,733

90.0

4,260

63.1

3,895

118.0

The Third Quarter ended December 31, 2022
The Third Quarter ended December 31, 2021

6,602 million yen [47.1%]
4,488 million yen [158.3%]

Basic net income
per share

Diluted net income
per share

Yen

Yen

595.08–390.44–The Third Quarter
ended December 31, 2022
The Third Quarter
ended December 31, 2021

(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

145,066
107,801

36,14132,01824.1
28.7

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

As of December 31, 2022

35,021 million yen

As of March 31, 2022

30,953 million yen

2. Dividends
End of 1Q
Yen

Fiscal year ended–
March 31, 2022
Fiscal year ending–
March 31, 2023
Fiscal year ending
March 31, 2023
(Forecast)(Note) Revision of dividends forecast: None

Annual dividends per share
End of 2Q
End of 3Q
Year-end

Annual

Yen

Yen

Yen

Yen

105.00–100.00205.00145.00–165.00310.00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 to owners
per shareof parent
Millions of yen%

Fiscal year ending
230,000
27.8
March 31, 2023
(Note) Revision of financial forecasts: None

Millions of yen%

Millions of yen%

Yen

11,000

50.3

7,600

49.5

765.93*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: None2) Changes in accounting standards other than 1): None3) Changes in accounting estimates: None

4) Restatements: None(3) Number of shares outstanding (common stock)1) Number of shares outstanding at the end of the period (including treasury shares):December 31, 2022
10,445,500 shares
March 31, 2022
10,445,500 shares
2) Number of shares of treasury shares at the end of the period:
December 31, 2022
511,066 shares
March 31, 2022
547,375 shares
3) Average number of shares outstanding during the period:
The Third Quarter ended December 31,9,917,569 shares
2022
The Third Quarter ended December 31,9,976,457 shares
2021(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 shares.
*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
FY 2022(As of Mar. 31, 2022)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, andcontract assets
Electronically recorded monetary claims –operating
Merchandise and finished goods
Raw materials
Prepaid expensesOther
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-(Millions of yen)
FY 2023(As of Dec. 31, 2022)

5,134

6,398

47,217

59,124

3,231

6,299

25,937
1,570
11,7324,077(7)98,89540,722
2,471
15,662
5,653(3)
136,328

3,662
157

3,512
166

297
4,836
(47)
5,086
8,906
107,801346
4,761(47)
5,060
8,738
145,066

(Millions of yen)
FY 2023(As of Dec. 31, 2022)

FY 2022(As of Mar. 31, 2022)
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-

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

17,08032,532
1,016
1,498
18,7901,038
3,117
75,074

9,963
8,166
1,030
19,16075,78324,712
7,744
1,393
33,850108,925

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

2,495
5,652
27,605(1,851)33,9025474(155)
586
4

81993
(30)

489

1,118

1,065
32,018107,801

1,120
36,141145,066

(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 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
Provision of allowance for doubtful accountsof golf club membership
Loss on redemption of golf club membership
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 2022(from Apr. 1, 2021
to Dec. 31, 2021)
127,892
110,212
17,680(Millions of yen)
FY 2023(from Apr. 1, 2022
to Dec. 31, 2022)
175,896
151,116
24,780

5,192
805
472
6,476

5,366
976
485
7,542

12,946

14,371

4,733

10,409

44

43

54

97

62
161

53
195

554
80
634
4,260

1,928
182
2,1108,493

1
1,888––

31

–

1,921

–

05–
20–

0112
117
6,064
1,824
4,240

–
–
2
8,491
2,516
5,974

344

72

3,895

5,901

-3-

Consolidated Statements of Comprehensive Income

4,240(Millions of yen)
FY 2023(from Apr. 1, 2022
to Dec. 31, 2022)
5,974

(31)

19

168
143

237
373

(48)

(34)

14

33

248
4,488

628
6,602

4,143

6,530

344

72

FY 2022(from Apr. 1, 2021
to Dec. 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 ofparent
Comprehensive income attributable to noncontrolling interests-4-(3) Consolidated Statements of Cash Flow
(Millions of yen)
FY 2023(from Apr. 1, 2022
to Dec. 31, 2022)

FY 2022(from Apr. 1, 2021
to Dec. 31, 2021)
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)
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 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 –otherDecrease (increase) in prepaid expenses
Decrease (increase) in advance payments tosuppliers
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 cancellation of insurance funds
Other, net
Net cash provided by (used in) investing
activities-5-6,064489(817)
(112)
57
(188)
(1,888)
112

8,491
423
(754)
(477)
105
(1,522)––(3,577)(14,164)(3,371)
2,398
(8)
3,307

(15,740)
1,566
304
4,302

(152)

(736)

224

162

(2,114)(3,929)

(21)

109

10
409
100
(57)
(1,785)(29)(21,890)89(102)(3,069)(1,333)(24,973)

188
(284)
(28)
–
34

13(138)(34)47
14(90)(97)

(Millions of yen)
FY 2023(from Apr. 1, 2022
to Dec. 31, 2022)

FY 2022(from Apr. 1, 2021
to Dec. 31, 2021)
Cash flows from financing activities
Net increase (decrease) in short-termborrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
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

-6-

6,096

17,6602,700(3,230)(1,268)166(1,894)(26)(41)

15,000(4,074)(0)209(2,428)
(17)
(48)

2,501

26,299

48

48

1,126
5,391
6,517

1,277
5,028
6,306

(4) Segment Information
I. For the Period ended December 31, 2021 (From Apr. 1, 2021 to Dec. 31, 2021)
1. Information on the amount of net sales and income (loss) by segments, and breakdown of revenue(Millions of yen)Segments
Computer
Networks
Business

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

Total

112,412–

112,412–

112,412

–

8,818

8,818

–

8,818

–

6,661

6,661

–

6,661

112,412

15,479127,892–

127,892

112,412

15,479127,892–

127,892

–

––

–

–

112,412

15,479127,892–

127,892

Inter-segment
Total

Consolidated
Adjustments statements of income(Note)

Segment income
3,021
1,239
4,260
–
4,260(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.
II. For the Period ended December 31, 2022 (From Apr. 1, 2022 to Dec. 31, 2022)
1. Information on the amount of net sales and income (loss) by segments, and breakdown of revenue(Millions of yen)Segments
Computer
Networks
Business

ElectronicComponents
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

156,034–

156,034–

156,034–

12,232

12,232–

12,232

–

7,629

7,629

–

7,629

156,034

19,862

175,896–175,896

156,034

19,862

175,896–

175,896

2–

2

(2)

–

156,036

19,862

175,899(2)

175,896

Segment income
7,458
1,035
8,493
–
8,493
(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.
-7-