Summary of Consolidated Financial Results
For The Second Quarter Ended September 30, 2022
[Japanese GAAP]
October 28, 2022
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 Second Quarter Ended September 30, 2022 (April 1, 2022 toSeptember 30, 2022)(1) Consolidated Operating Results (cumulative)
Net income
Net sales
Operating income
Ordinary income
attributable toowners of parent
Millions of yen

The Second Quarter
ended September 30, 2022
The Second Quarter
ended September 30, 2021
(Note) Comprehensive income:% Millions of yen% Millions of yen%

111,769

35.0

6,573

138.4

5,208

109.9

3,584

35.5

82,780

33.7

2,757

145.6

2,481

96.7

2,646

221.4

The Second Quarter ended September 30, 2022
The Second Quarter ended September 30, 2021

Basic net income
per share

Diluted net income
per shareYenYen

361.68–263.99–The Second Quarter
ended September 30, 2022
The Second Quarter
ended September 30, 2021

(2) Consolidated Financial Position
Total assets

4,585 million yen [45.1%]
3,160 million yen [302.1%]

Net assets

Equity ratio

Millions of yen

Millions of yen%

130,336
107,801

35,60632,01826.5
28.7

As of September 30, 2022
As of March 31, 2022
(Reference) Equity:% Millions of yen

As of September 30, 2022

34,495 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: Yes

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

Annual

Yen

Yen

Yen

Yen

105.00–100.00205.00–165.00310.00145.00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 parentMillions of yen%

Fiscal year ending
230,00027.8
March 31, 2023(Note) Revision of financial forecasts: Yes

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 stock):
September 30, 2022
10,445,500 shares
March 31, 2022
10,445,500 shares
2) Number of shares of treasury stock at the end of the period:
September 30, 2022
522,966 shares
March 31, 2022
547,375 shares
3) Average number of shares outstanding during the period:
The Second Quarter ended September
9,911,886 shares30, 2022
The Second Quarter ended September
10,023,256 shares30, 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 the number ofshares 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
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 expenses
OtherAllowance for doubtful accounts
Total current assets
Non-current assetsProperty, plant and equipment
Intangible fixed 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 Sep. 30, 2022)

5,134

4,975

47,21755,661

3,231

4,014

25,937
1,570
11,7324,077(7)98,89536,655
1,927
14,4883,820(3)121,538

3,662
157

3,583
147

297
4,836
(47)
5,086
8,906
107,801

330
4,785
(48)
5,067
8,797
130,336(Millions of yen)
FY 2023(As of Sep. 30, 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 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-

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

17,74427,4594,823
1,639
18,225
1,881
3,882
75,657

9,963
8,166
1,030
19,16075,783

9,810
8,051
1,209
19,072
94,7292,495
5,652
24,262(1,947)30,463

2,495
5,652
26,803(1,882)
33,0685436(155)586
4(32)1,442(18)

489

1,427

1,065
32,018107,801

1,111
35,606130,336(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
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 Sep. 30, 2021)
82,78071,517
11,262(Millions of yen)
FY 2023(from Apr. 1, 2022
to Sep. 30, 2022)
111,769
95,706
16,062

3,441
1,361
315
3,386

3,574
1,724
324
3,866

8,505

9,489

2,757

6,573

44

43

38

62

53
137

54
160

351
61
412
2,481

1,431
92
1,524
5,208

1
1,888-

31-

1,921

-

02

20-

112
114
4,289
1,306
2,98225,206
1,557
3,648

336

63

2,646

3,584-3-Consolidated Statements of Comprehensive Income

2,982(Millions of yen)
FY 2023(from Apr. 1, 2022
to Sep. 30, 2022)
3,648

(17)

(18)

142
65

123
821

(32)

(23)

18

33

177
3,160

937
4,585

2,823

4,522

336

63

FY 2022(from Apr. 1, 2021
to Sep. 30, 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 Sep. 30, 2022)

FY 2022(from Apr. 1, 2021
to Sep. 30, 2021)
Cash flows from operating activities
Net income before income taxes
Depreciation and amortization
Increase (decrease) in provision for bonusesIncrease (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 other
Decrease (increase) in prepaid expensesOther, 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-

4,289
303
(198)
18
41(371)(1,888)
112

5,206
289
83(152)60
531-

1,241(7,564)

(274)
508
(256)
2,227

(10,405)2,065(28)
3,725646

316

121

128

(1,762)(258)
4,501
53(42)(1,043)(2,753)(1,035)(9,530)57(61)(1,998)

3,467(11,532)

(7)
(182)
(20)
35

17(80)
(15)
47(0)

(173)

(32)

(Millions of yen)
FY 2023(from Apr. 1, 2022
to Sep. 30, 2022)

FY 2022(from Apr. 1, 2021
to Sep. 30, 2021)
Cash flows from financing activities
Net increase (decrease) in short-termborrowings
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-(2,289)

12,367(148)(1,268)
111
(857)
(26)
(27)

(169)
(0)
133
(989)
(17)
(31)

(4,506)

11,29019

133(1,193)
5,391
4,197

(140)
5,028
4,887

(4) Segment Information
I. For the Period ended September 30, 2021 (From Apr. 1, 2021 to Sep. 30, 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

72,777–

72,777–

72,777

–

5,571

5,571

–

5,571

–

4,431

4,431

–

4,431

72,777

10,00282,780–82,78072,777

10,00282,780–82,780–––––72,777

10,00282,780–82,780Inter-segment
TotalConsolidated
Adjustments statements of income(Note)

Segment income
1,563918
2,481
–
2,481
(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.
II. For the Period ended September 30, 2022 (From Apr. 1, 2022 to Sep. 30, 2022)
1. Information on the amount of net sales and income (loss) by segments, and breakdown of revenue(Millions of yen)Segments
ComputerNetworks
Business

ElectronicComponents
Business
Net sales:
Semiconductor &Boards Products,etc.
Storage & NetworkProducts, etc.
Maintenance &Monitoring
Services
Revenue fromcontracts withcustomers
Outside customers
Inter-segment
Total

Consolidated
Adjustments statements of income(Note)

Total

99,098–99,098–99,098

–

7,608

7,608

–

7,608

–

5,062

5,062

–

5,062

99,09812,670111,769–

111,769

99,09812,670111,769–

111,769

2–

2(2)

–

99,101

12,670111,771(2)

111,769

Segment income
4,305
903
5,208
–
5,208
(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.
-7-