Summary of Consolidated Financial Results
For the Fiscal Year Ended March 31, 2020 [Japanese GAAP]
April 28, 2020
Company name:TOKYO ELECTRON DEVICE LIMITED
Stock exchange listing:Tokyo Stock Exchange 1st Section (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 17, 2020
Scheduled date for dividend payment:
June 1, 2020
(Amounts are rounded down to the nearest million yen.)
1. Consolidated financial highlights for the fiscal year ended March 31, 2020 (April 1, 2019 to March 31, 2020)(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, 2020
Fiscal year ended March
31, 2019(Note) Comprehensive income:% Millions of yen

135,394

%

3,810

8.1

3,573

16.1

2,288

(2.2)

141,000 (11.8)

3,525

27.9

3,077

16.7

2,341

46.5

Fiscal year ended March 31, 2020
Fiscal year ended March 31, 20192,236 million yen [(18.6%)]
2,747 million yen [80.4%]

Diluted net
income per
share

Return on
equityOrdinary
income to total
assetsOperatingincome to net
sales

Yen

Yen

%

%

%

224.44

—

8.8

4.6

2.8

230.65

—

9.4

3.7

2.5

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

As of March 31, 202046 million yen

Net assets

As of March 31, 2019

Equity ratio

9 million yen

Net assets per share

Millions of yen

Millions of yen%

Yen

76,53978,352

27,141
26,41034.6
32.9

2,641.28
2,536.29

As of March 31, 2020
As of March 31, 2019
(Reference) Equity:% Millions of yen(4.0)

Basic net
income per
share
Fiscal year ended March
31, 2020
Fiscal year ended March
31, 2019% Millions of yen

As of March 31, 2020

26,476 million yen

As of March 31, 201925,805 million yen(3) Consolidated cash flows

Cash flows fromoperating activities
Fiscal year ended March
31, 2020
Fiscal year ended March
31, 2019

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

8,651

(549)

(7,479)4,218

12,335(1,708)(10,504)

3,534

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

Fiscal year ended
March 31, 2019
Fiscal year ended
March 31, 2020
Fiscal year ending
March 31, 2021
(Forecast)Year-end

AnnualTotal
dividends
paid(annual)Payoutratio(consolida
ted)

Dividends
to netassets(consolida
ted)

Yen

Yen

Yen

Yen

Yen

Millions of
yen

%

%

—

40.00

—

53.00

93.00

971

40.3

3.8

—

40.00

—

50.00

90.00

940

40.1

3.5

—

40.00

—

68.00

108.0040.1

3. Consolidated financial forecasts for the fiscal year ending March 31, 2021 (April 1, 2020 to March 31, 2021)(% 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,
2020 (cumulative)
Fiscal year ending
March 31, 2021

Millions of yen% Millions of yen%

65,000(0.3)

1,100 (17.9)

138,000

1.9

4,100

Millions of yen

14.7

%

Yen

700 (19.0)

69.83

2,700

18.0

269.36*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, 2020
10,445,500 shares
March 31, 2019
10,445,500 shares
2) Number of treasury shares at the end of the period:
March 31, 2020
421,568 shares
March 31, 2019
270,846 shares
3) Average number of shares outstanding during the period:
Fiscal year ended March 31, 2020
10,198,579 sharesFiscal year ended March 31, 201910,150,477 shares(Note) The Company has adopted the Directors’ Compensation BIP (Board Incentive Plan) Trust and the “Trust-Type
Employee Shareholding Incentive Plan (E-Ship)”, and has included the number of the Company’s shares heldby both Trusts accordingly in the number of treasury shares.

(Reference) Non-consolidated financial highlights for the fiscal year ended March 31, 2020 (April 1, 2019 to March 31,
2020)(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, 2020
Fiscal year ended March
31, 2019

Fiscal year ended March
31, 2020
Fiscal year ended March
31, 2019

116,565% Millions of yen% Millions of yen

%

7.1

3,327

55.5

3,124

36.8

2,130

(19.6)

108,812 (0.3)

2,139

207.5

2,284

63.3

2,651

342.4

Basic net income
per share

Diluted net income
per share

Yen

Yen

208.91—

261.18—(2) Non-consolidated financial position
Total assets

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen%

Yen

68,891
68,43823,58822,93234.2
33.5

2,353.22
2,253.89

As of March 31, 2020
As of March 31, 2019
(Reference) Equity:% Millions of yen

As of March 31, 2020

23,588 million yen

As of March 31, 201922,932 million yen*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 2019
(As of Mar. 31, 2019)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
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
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinerys and equipment
Accumulated depreciation
Machinery and equipment, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Other
Accumulated depreciation
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Technical assets
Customer related assets
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-1-

Fiscal Year 2020
(As of Mar. 31, 2020)

3,794
34,192

4,492
32,874

1,904

1,869

24,119
693
4,017
1,720
(22)
70,42020,965
860
5,440
2,179
(12)
68,668

1,822(1,186)
636
249
(100)
149
1,782
(1,344)
438
510
11
(5)
5
1,740

1,930
(1,310)
619
361
(146)
214
1,882
(1,354)
527
510
129
(48)
80
1,952

502
776
492
190
1,961

467
721
457
159
1,806

357
3,011
928
(66)
4,230
7,932
78,352

55
3,200
901
(47)
4,111
7,870
76,539(Millions of yen)
Fiscal Year 2019
(As of Mar. 31, 2019)
Liabilities
Current liabilities
Notes and 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-2-

Fiscal Year 2020
(As of Mar. 31, 2020)

8,516
10,321
3,191
5,918
1,419
2,633
32,000

9,982
6,681
3,040
7,687
1,214
2,447
31,054

11,925
7,409
607
19,942
51,942

9,604
7,839
899
18,34449,3982,495
5,645
17,781(401)
25,521

2,495
5,645
19,129(944)
26,325

22

29

13
187
61

(57)
137
40

284

150

604
26,41078,352665
27,141
76,539(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
Outsourcing service income
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of non-current assets
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
Loss on valuation of investment securities
Provision of allowance for doubtful accounts ofgolf club membership
Loss on liquidation of subsidiaries and associates
Loss on revision of retirement benefit plan
Total extraordinary losses
Net income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of parent

Fiscal Year 2019(from Apr. 1, 2018
to Mar. 31, 2019)
141,000
121,295
19,705(Millions of yen)
Fiscal Year 2020
(from Apr. 1, 2019
to Mar. 31, 2020)
135,394
115,491
19,902

6,252
1,334
961
7,631
16,179
3,525

6,471
1,108
823
7,687
16,091
3,810

41

35

9

46

3
48
103

21
60
164

182
315
54
551
3,077

103
257
40
401
3,573

0
207
207

0
0

3
4
20

0
2
-

-

0

27
3,257
1,049
(195)
853
2,403
61
2,341

28
313
346
3,227
1,053
(196)
856
2,370
81
2,288

-3-

Consolidated Statements of Comprehensive Income

2,403(Millions of yen)
Fiscal Year 2020
(from Apr. 1, 2019
to Mar. 31, 2020)
2,370

(21)

7

(118)
93

(70)
(52)

399

(20)

(8)

3

344
2,747

(133)
2,236

2,685

2,155

61

81

Fiscal Year 2019(from Apr. 1, 2018
to Mar. 31, 2019)
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-4-（3）Consolidated Statements of Changes in Shareholders’ equity
Fiscal Year 2019 (Apr. 1, 2018 to Mar. 31, 2019)(Millions of yen)

Balance at beginningof current period
Changes of items during period
Increase by merger
Dividends of surplus
Net income attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period

Capital Stock

Capital surplus

2,495

5,645

Shareholders’ equity
Retained earnings Treasury shares
16,234

Total shareholders’ equity(478)

23,897

(793)

―
(793)

2,341

2,341
(0)
76

(0)
76

―

―

1,547

76

1,624

2,495

5,645

17,781(401)

25,521

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at beginningof current period
Changes of items during
periodIncrease by merger
Dividends of surplus
Net income attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
period43

Total
NonDeferred Foreign
Remeasurements accumulated
controlling
gains or currencyof defined benefit
otherinterests
losses on translationplanscomprehensive
hedges adjustment
income
132

102

(338)

(59)

563

Total net
assets24,401

―
(793)
2,341
(0)
76
(21)

(118)

84

399

344

40

384

(21)

(118)

84

399

344

40

2,008

22

13

187

61

284

604

26,410-5-

Fiscal Year 2020 (Apr. 1, 2019 to Mar. 31, 2020)(Millions of yen)

Balance at beginningof current period
Changes of items during period
Increase by merger
Dividends of surplus
Net income attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current period

Capital Stock

Capital surplus

2,495

5,645

Shareholders’ equity
Retained earnings Treasury shares
17,781

Total shareholders’ equity(401)

25,521

29
(971)

29
(971)

2,288

2,288
(719)
175

(719)
175

—

—

1,347

(543)

803

2,495

5,645

19,129(944)

26,325

Accumulated other comprehensive income
Total
NonDeferred Foreign
Remeasurements accumulated
controlling
gains or currencyof defined benefit
otherinterests
losses on translationplanscomprehensive
hedges adjustment
incomeValuationdifference on
available-forsale securities
Balance at beginningof current period
Changes of items during
periodIncrease by merger
Dividends of surplus
Net income attributable toowners of parent
Purchase of treasury shares
Disposal of treasury shares
Net changes of items otherthan shareholders' equity
Total changes of items during
periodBalance at end of current
period

22

13

187

61

284

604

Total net
assets26,410

29
(971)
2,288
(719)
175
7

(70)

(49)

(20)

(133)

60

(72)

7

(70)

(49)

(20)

(133)

60

730

29

(57)

137

40

150

665

27,141-6-

(4) Consolidated Statements of Cash Flow
(Millions of yen)
Fiscal Year 2020
(from Apr. 1, 2019
to Mar. 31, 2020)

Fiscal Year 2019(from Apr. 1, 2018
to Mar. 31, 2019)
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 on valuation of investment securities
Loss (gain) on sales of investment securities
Loss on revision of retirement benefit plan
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
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
Proceeds from sales of property, plant andequipment
Purchase of intangible assets
Proceeds from sales of investment securities
Purchase of shares of subsidiaries resulting inchange in scope of consolidation
Proceeds from the liquidation of subsidiaries andassociates
Payments for liquidation of subsidiaries andassociates
Other, net
Net cash provided by (used in) investing activities

-7-

3,257
483
26
178
270
182
668
20
(207)
-

3,227
604
35
(205)
247
103
8
313

8,816

1,311

1,760

2,664

(2,353)

1,396

(129)
652

(124)
1,769

579

(354)

787
(675)
(275)
14,04211(182)(1,536)74(1,421)
177
9,826
15
(104)
(1,086)

12,335

8,651

(224)

(488)

182

0

(38)
207

(56)
-

(1,833 )

-

-

44

-

(22)

(1)
(1,708)

(26)
(549)

(Millions of yen)
Fiscal Year 2020
(from Apr. 1, 2019
to Mar. 31, 2020)

Fiscal Year 2019(from Apr. 1, 2018
to Mar. 31, 2019)
Cash flows from financing activities
Net increase (decrease) in short-term loans
payableProceeds from long-term loans payable
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
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
Increase in cash and cash equivalents resulting frommerger with unconsolidated subsidiaries
Cash and cash equivalents at end of period-8-(11,254)(3,555)4,800(3,351)
97
(770)
(21)
(3)

720
(3,191)
(719)
275
(947)
(20)
(41)

(10,504)(7,479)

5

(9)

128
3,406

613
3,534

-

70

3,534

4,218

(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 2019 (Apr. 1, 2018 to Mar. 31, 2019)(Millions of yen)Segments
Computer
Networks
Business

Electronic
Components
Business

Consolidated
Adjustments statements of income(Note)Total

Net sales:
Outsidecustomers
Inter-segment

119,660

21,340141,000―

141,000

―

―

―

―

―

Total

119,660

21,340141,000―

141,000

Segment income

1,319

1,757

3,077

―

3,077

Segment assets

64,047

14,30578,352―78,352Other items
Depreciation
328
138
466
―
466
Amortization
26
―
26
―
26
of goodwill
Interest
177
4
182
―
182
expenses
Increase inproperty,plant, and
2,723
133
2,857
―
2,857
equipment,
and intangible
assets(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.
-9-

Fiscal Year 2020 (Apr. 1, 2019 to Mar. 31, 2020)(Millions of yen)
Electronic
Components
Business

Segments
Computer
Networks
Business

Consolidated
Adjustments statements of income(Note)Total

Net sales:
Outsidecustomers
Inter-segment

110,138

25,255

135,394―

135,394

―

―

―

―

―

Total

110,138

25,255

135,394―

135,394

Segment income

871

2,701

3,573

―

3,573

Segment assets

57,83018,70876,539―76,539Other items
Depreciation
435
175
611
―
611
Amortization
35
―
35
―
35
of goodwill
Interest
97
5
103
―
103
expenses
Increase inproperty,plant, and
294
301
596
―
596
equipment,
and intangible
assets(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.

- 10 -