Consolidated Financial Results for 1st
Quarter of Fiscal Year Ending March 31,
2024

August 1, 2023

Copyright © Tokyo Electron Device LTD. All Rights Reserved.

Summary of Financial Results for FY2024 1Q
Year-on-Year Comparison: Higher sales and income
Net sales:
16.4％ increase
Ordinary income:
45.5％ increase
Net income attributable to owners of parent: 47.8% increase

Interim financial results forecast: Progress rates
Net sales:
54.7％
Ordinary income:
62.9％
Net income attributable to owners of parent: 61.6%
Copyright © Tokyo Electron Device LTD. All Rights Reserved.

2Summary of Financial Results: Comparison with Prior YearFY2023 1Q

FY2024 1Q(April-June)(April-June)

ChangeNet sales

50,67759,012

8,334

Cost of sales

43,24750,091

6,844

Gross profit

7,430

8,921

1,490

4,472

5,292

819

2,957

3,628

670

39836

69
554

29
▲281

2,160
1,479
1,311

3,143
2,186
1,361

982
706
50

Selling, general &administrative expenses

Operating income
Non-operating income
Non-operating expenses

Ordinary income
Net income

No. of employees(Million yen)

FY2024 Forecast
1st Half
Full year

107,800

230,0005,000
3,550

12,0008,450*Net income is net income attributable to owners of parent
Copyright © Tokyo Electron Device LTD. All Rights Reserved.

3

Summary of Financial Results: Change in Net Sales
FY2023
1Q
Net Sales

CN Business

EC Business

EC Business(Distribution)(PB Business)+¥5.9 bill.

FY2024
1Q
Net Sales+¥0.7 bill.
¥59.0billion¥1.7 bill.
¥50.7billion*Amounts arerounded off

In the segment categories, the PB Business is included in the EC Business.
PB is an abbreviation of “Private Brand;” the title was changed from In-House Brand Business, which was used in the past.
The PB Business includes Tokyo Electron Device Nagasaki Limited (TED Nagasaki) and FAST CORPORATION (FAST).
Copyright © Tokyo Electron Device LTD. All Rights Reserved.

4

Sales and Income by Segment•CN Business: Sales of IT equipment were strong, and sales of security-related products andmaintenance & monitoring services also increased, resulting in higher sales and income•EC Business: There was a trend toward improvement in the supply of semiconductors as well as
an expansion of trade rights and effects from the weak yen, resulting in higher sales and income(Million yen)
FY2023 1Q

FY2024 1Q

Net Sales

Segment
IncomeNet Sales

Segment
IncomeChangeComputer Networks(CN) business

5,407

381

7,099

1,692

579

198

Electronic Components(EC) business

45,2701,779

51,912

6,642

2,563

784

Total

50,6772,160

59,012

8,334

3,143

982

Change* Segment income is ordinary income* In the segment categories, the PB business is included in the EC business
Copyright © Tokyo Electron Device LTD. All Rights Reserved.

5Segment Information: CN Business•Network-related products: Sales to data centers & cloud business operators were strongStorage-Related Products
Network-Related
Products

Sales
Component
Ratios by
ProductCategory

FY 2023
Q1

FY 2024
Q129%

Security-Related
Products,etc.

9%

Sales
Component
Ratios byField

FY 2023
Q1
FY 2024
Q1Copyright © Tokyo Electron Device LTD. All Rights Reserved.

16%

40%

System Integrators

Maintenance & Monitoring Services

46%
6%

14%

40%

Data Centers & Cloud Business Operators
Enterprises & Others
Telecommunications carriers

39%

24%

39%

25%

26%
612%
23%

12%

Segment Information: EC Business••

Industrial equipment: Analog ICs, memory, electronic components, design andmanufacturing, etc. increased
Automotive equipment: Processors and logic ICs increased due to expansion of trade rights
Boards, Electronic
Components, etc.
Software & services

Memory ICs

Sales
Component
Ratios byProductCategory

FY 2023
Q1
FY 2024
Q1

Analog ICs

Micro Processors

Logic ICs

34%

20%

18%

35%

21%

Sales
Component
Ratios byApplication

FY 2024
Q1

Copyright © Tokyo Electron Device LTD. All Rights Reserved.

%

17%

15%
6%

4 5% %

11%

PB

4%

6%

Communications Equipment
Consumer Appliances andAutomotive Computers andPeripherals
Electronics
Equipment

Industrial Equipment

FY 2023
Q1442%

21%

47%

16%
30%

711%

8% 2Others%9%7%

5 2% %

PB Business: Net Sales—EC Business•••

Design & manufacturing services: Strong sales for medical equipment
TED Nagasaki: Steady sales of semiconductor manufacturing equipment
FAST: Steady sales of image-related products(Million yen)

FY2023
1Q

FY2024
1Q

PB business netsales

2,424

3,150

Net sales ratio

5.4%

6.1%

Change726

Rate of
Change30.0%* The net sales ratio is the ratio is the ratio of net sales in the EC business

Copyright © Tokyo Electron Device LTD. All Rights Reserved.

8Balance SheetAssets••

Liabilities & Net Assets

Notes and accounts receivable decreased compared to4Q of the previous fiscal year due to a decrease in netsales
Inventories increased with the expansion of trade rights

143,4526,538

141,337
5,974(Million yen)
Cash & deposits••

Notes and accounts payable decreased due to adecrease in purchases
Interest-bearing liabilities decreased due to decreased
demand for working capital(Million yen)

143,452

141,337

20,214

17,151

Notes andaccounts payable

45,65344,726

Interest-bearing
liabilities

62,53857,697

Notes and accounts
receivable

43,657

48,615Inventories

38,58739,916

Other liabilities

21,575
9,143

19,132
9,917

Other current assets

38,99739,542

Net assets

2023.3.31

2023.6.30

2023.3.31

2023.6.30

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Non-current assets

9Statement of Cash Flows
2023.3.31
Balance ofCash

Operating
C/F

Investment
C/F

3,137

▲584

Financial
C/F

2023.6.30
Balance ofCash(Million yen)

▲3,223

6,442

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Exchangedifferences

103

10

5,875

Changes in Orders Received••

CN Business: There was a trend toward improvement in delivery times, and large orders decreased in
1Q of FY2024
EC Business: There was a trend toward improvement in supply from 3Q of FY2023, and orders received
were at the same level

EC Bus.

76,983

CN Bus.
66,82760,5407,955

81,125
11,60579,76770,925

12,92680,096
7,086

8,412

6,090

54,042

6,404

8,918

43,965
6,973
54,136

60,73669,027

69,52062,512

66,841

3Q
FY202145,124

4Q

1QFY2022

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2Q

3Q

4Q

111Q
FY202349,56850,170

8,623

6,513

40,94443,6564Q

1Q
FY202473,01036,9920(Million yen)

2Q

3Q

Cautionary Notes Regarding this Document
The forward-looking projections in this document were developed based on
information available at this time. Please note that the Company’s actual future
results may differ from those indicated in this document due to various factors thathave direct and indirect impacts on the Company’s results.
If any material changes are made, the Company will announce them at that time.
The company names, product names, service names, and logos used in thisdocument are the trademarks or registered trademarks of their respective holders.
Copyright © Tokyo Electron Device LTD. All Rights Reserved.

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