Summary of Consolidated Financial Results
For The First Quarter Ended June 30, 2021
[Japanese GAAP]
July 28, 2021
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

Company name:
Stock exchange listing:
URL:
Representative:
Contact:
TEL:(Amounts are rounded down to the nearest million yen.)
1. Consolidated Financial Highlights for the First Quarter Ended June 30, 2021 (April 1, 2021 to June 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 First Quarter
ended June 30, 2021
The First Quarter
ended June 30, 2020

41,009(Note) Comprehensive income:% Millions of yen% Millions of yen

%

44.1

1,459

140.3

1,195

78.6

1,851

326.8

28,458 (12.8)

607(15.2)

669

2.4

433

8.0

The First Quarter ended June 30, 2021
The First Quarter ended June 30, 2020

Basic net income
per share

2,372 million yen [536.9%]372 million yen [(8.2%)]

Diluted net income
per shareYen

Yen

The First Quarter
ended June 30, 2021

183.45–The First Quarter
ended June 30, 2020

43.23

–

(2) Consolidated Financial Position
Total assets
As of June 30, 2021
As of March 31, 2021

% Millions of yen

Net assets

Equity ratio

Millions of yen

Millions of yen%

88,12790,87030,96529,65234.0
31.9(Reference) Equity:
As of June 30, 2021
29,979 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 first quarter ended June 30, 2021, are thefigures 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: None

Annual dividends per share
End of 3Q
Year-end

AnnualYenYen

YenYen40.00–85.00

125.0080.00–95.00175.003. 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%

Six months ending
September 30,
72,00016.3
2021 (cumulative)
Fiscal year ending
154,000
7.5
March 31, 2022(Note) Revision of financial forecasts: None

Millions of yen%

Millions of yen%

Yen

1,500

18.9

2,000

142.9

198.265,100

10.3

4,400

40.0

436.17*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):
June 30, 2021
10,445,500 shares
March 31, 2021
10,445,500 shares2) Number of shares of treasury stock at the end of the period:
June 30, 2021
348,654 shares
March 31, 2021
357,754 shares
3) Average number of shares outstanding during the period:
The First Quarter ended June 30, 2021
10,092,779 shares
The First Quarter ended June 30, 2020
10,034,910 shares(Note) The Company has adopted the Directors’ Compensation BIP (Board Incentive Plan) Trust and the “TrustType Employee Shareholding Incentive Plan (E-Ship)”, and has included the number of the Company’s
shares held by both Trusts accordingly in the number 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 2022(As of Jun. 30, 2021)

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-

5,680
39,543

5,069––

36,572

2,181

2,695

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

22,450
1,015
8,999
1,333
(6)
78,130

1,820
1,695

3,680
1,651

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

346
4,365
(47)
4,664
9,997
88,127

(Millions of yen)
FY 2022(As of Jun. 30, 2021)

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-

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

9,391
5,587
4,040
1,067
12,711690
2,582
36,073

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

12,2997,878
910
21,08857,161

2,495
5,652
21,332(785)
28,694

2,495
5,652
22,125(761)
29,51273

74(225)
186
235

(56)
229
219

270

466

687
29,65290,870986
30,965
88,127

(2) Consolidated Statements of Income and Comprehensive IncomeConsolidated 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
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
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 Jun. 30, 2020)
28,45824,1204,338(Millions of yen)
FY 2022(from Apr. 1, 2021
to Jun. 30, 2021)
41,00935,377
5,6321,648
436
158
1,487

1,720
631
157
1,662

3,731

4,173

607

1,459

1

31

25

15

39
18
84–
1057–
21
21
669

289
32
321
1,195––

11,888–

31–

1,921

0
0
1
668
225
442

0
0
0
3,117
940
2,176

8

325

433

1,851

-3-

Consolidated Statements of Comprehensive Income

442(Millions of yen)
FY 2022(from Apr. 1, 2021
to Jun. 30, 2021)
2,176

20

0(35)
(32)

168
27(10)(16)(12)

15(69)
372

196
2,372

364

2,047

8

325

FY 2021(from Apr. 1, 2020
to Jun. 30, 2020)
Net incomeOther 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-(3) Consolidated Statements of Cash Flow
(Millions of yen)
FY 2022(from Apr. 1, 2021
to Jun. 30, 2021)

FY 2021(from Apr. 1, 2020
to Jun. 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
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
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
Other, net
Net cash provided by (used in) investing
activities-5-668140
8(712)

3,117
146
8(976)

(103)

(78)

16(68)

21(344)

–

(31)

–

(1,888)4,404

2,487(5,045)

1,375

(850)

(1,794)

134
2,073

27
1,705

435

1,454

(689)

166

(611)
(28)
(228)
9(16)
(516)

(819)
161
4,739
52
(21)
(1,011)

(751)

3,760

(200)
(13)
(2)

(116)
(9)
(2)

(217)

(128)

(Millions of yen)
FY 2022(from Apr. 1, 2021
to Jun. 30, 2021)

FY 2021(from Apr. 1, 2020
to Jun. 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
Proceeds from disposal of treasury shares
Cash dividends paid
Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing
activities
Effect of exchange rate change on cash and cashequivalents
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-(3,364)(3,330)5,000(61)38(501)(28)
(12)

–(76)
48(857)
(26)
(12)

1,070

(4,255)

(11)

990
4,218
4,309

(614)
5,391
4,777

(4) Segment Information
I. For the Period ended June 30, 2020 (From Apr. 1, 2020 to Jun. 30, 2020)
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

TotalAdjustmentsConsolidated
statements of income(Note)

23,356–23,356–23,356

–

2,746

2,746

–

2,746

–

2,355

2,355

–

2,355

23,356

5,102

28,458–28,45823,356

5,102

28,458–28,458Inter-segment

–––––

Total

23,356

5,102

28,458–28,458Segment income
77592
669–
669
(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.
II. For the Period ended June 30, 2021 (From Apr. 1, 2021 to Jun. 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)

36,554–36,554–36,554

–

2,219

2,219

–

2,219

–

2,235

2,235

–

2,235

36,554

4,455

41,009–41,00936,554

4,455

41,009–41,009Inter-segment–––––

Total

36,554

4,455

41,009–41,009Segment income
809
386
1,195–
1,195(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.

-7-