Summary of Consolidated Financial Results
For The Third Quarter Ended December 31, 2018
[Japanese GAAP]
January 30, 2019
Company name:
Stock exchange listing:
URL:
Representative:
Contact:
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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(Amounts are rounded down to the nearest million yen.)
1. Consolidated Financial Highlights for the Third Quarter Ended December 31, 2018 (April 1, 2018 toDecember 31, 2018)(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, 2018
The Third Quarter
ended December 31, 2017
(Note) Comprehensive income:% Millions of yen% Millions of yen%

103,995 (12.9)

2,603

23.7

2,103

14.2

1,526

119,427

2,104

390.6

1,841

300.5

1,270 251.9

27.3

The Third Quarter ended December 31, 2018
The Third Quarter ended December 31, 2017

Diluted net income
per share

Yen

Yen

150.51–125.79–(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen%

81,25886,47825,387
24,401

30.5
27.6

As of December 31, 2018
As of March 31, 2018

As of December 31, 2018

24,803 million yen

20.2

1,733 million yen [ 32.7%]
1,306 million yen [408.3%]

Basic net income
per share
The Third Quarter
ended December 31, 2018
The Third Quarter
ended December 31, 2017

(Reference) Equity:% Millions of yen

As of March 31, 201823,837 million yen

2. Dividends
End of 1Q
Yen

Fiscal year ended–
March 31, 2018
Fiscal year ending–
March 31, 2019
Fiscal year ending
March 31, 2019(Forecast)(Note) Revision of dividends forecast: None

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

Total

Yen

Yen

Yen

Yen

30.00

–

36.00

66.00

40.00

–
40.00

80.00

3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2019 (April 1, 2018 to March 31,2019)(% 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
140,000(12.4)
March 31, 2019(Note) Revision of financial forecasts: None

Millions of yen%

Millions of yen%

Yen

2,700

2.4

2,00025.1

197.30*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):
December 31, 2018
10,445,500 shares
March 31, 2018
10,445,500 shares
2) Number of shares of treasury stock at the end of the period:
December 31, 2018276,583 shares
March 31, 2018322,655 shares
3) Average number of shares outstanding during the period:
The Third Quarter ended December 31, 2018
10,143,374 shares
The Third Quarter ended December 31, 201710,097,457 shares(Note) The Company has adopted the Directors’ Compensation BIP (Board Incentive Plan) Trust and the Employee
Shareholding Association ESOP (Employee Stock Ownership Plan) Trust, 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
FY 2018(As of Mar. 31, 2018)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods
OtherAllowance 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-(Millions of yen)
FY 2019(As of Dec. 31, 2018)

3,606
42,263

4,731
33,395

1,566

1,833

25,638
7,352–
80,427

26,8376,599(23)
73,373

1,241
258

1,674
2,001

410
4,182(41)
4,551
6,051
86,478

438
3,837
(66)
4,209
7,884
81,258(Millions of yen)
FY 2019(As of Dec. 31, 2018)

FY 2018(As of Mar. 31, 2018)
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of long-term loans payable
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-

10,49721,065
3,096
1,237
8,222
44,117

10,001
12,950
2,200
470
8,955
34,578

10,096
7,371
492
17,95962,077

12,974
7,723
593
21,29255,8702,495
5,645
16,234(478)23,897

2,495
5,645
16,967(409)
24,6984313132
102(338)

116
192
(217)

(59)

105

563
24,401
86,478584
25,387
81,258

(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
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
Gain on bargain purchaseTotal extraordinary income
Extraordinary losses
Loss on sales of non-current assets
Loss on retirement of non-current assets
Loss on valuation of investment securities
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 2018(from Apr. 1, 2017
to Dec. 31, 2017)
119,427
106,378
13,049(Millions of yen)
FY 2019(from Apr. 1, 2018
to Dec. 31, 2018)
103,995
89,80014,195

4,335
444
559
5,606

4,635
431
716
5,808

10,944

11,591

2,104

2,603

41
36
78

41
43
85

102
187
51
341
1,841

139
405
42
586
2,103

–
–
46
46

0
207
–
207

–
7–
7
1,881
576
1,305

0
4
20
24
2,285
717
1,568

34

41

1,270

1,526-3-Consolidated Statements of Comprehensive Income

1,305(Millions of yen)
FY 2019(from Apr. 1, 2018
to Dec. 31, 2018)
1,568

9(29)

(59)
25(15)
92

19

120

6(2)

1
1,306

164
1,733

1,271

1,691

34

41

FY 2018(from Apr. 1, 2017
to Dec. 31, 2017)
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 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 2019(from Apr. 1, 2018
to Dec. 31, 2018)

FY 2018(from Apr. 1, 2017
to Dec. 31, 2017)
Cash flows from operating activities
Net income before income taxes
Depreciation
Amortization of goodwill
Gain on bargain purchase
Increase (decrease) in provision for bonuses
Increase (decrease) in net defined benefit
liability
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on valuation of investment securities
Loss (gain) on sales of investment securities
Decrease (increase) in notes and accounts
receivable - trade
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
Proceeds from sales of property, plant andequipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securitiesPurchase of shares of subsidiaries resulting inchange in scope of consolidation
Other, net
Net cash provided by (used in) investing
activities

-5-

1,881
409
–
(46)
(366)

2,285
348
17–
(770)

152

127

102
184
–
–

139
600
20
(207)

(5,736)

9,685(5,406)(1,453)

(451)

(873)

(78)
1,001

306
1,363

(445)

587

98

879

(173)
(563)
(9,436)4(101)
(722)

(235)
(635)
12,1849(139)(1,475)(10,256)

10,579

(95)

(206)

–

181

(106)
(20)
–

(35)
–
207

(595)

(1,833)(4)

3(822)(1,682)

(Millions of yen)
FY 2019(from Apr. 1, 2018
to Dec. 31, 2018)

FY 2018(from Apr. 1, 2017
to Dec. 31, 2017)
Cash flows from financing activities
Net increase (decrease) in short-term loans
payableProceeds from long-term loans payable
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 cash
equivalents
Net increase (decrease) in cash and cashequivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

-6-

9,065

(8,632)4,000(72)
72(605)–(1)

4,800(3,293)
86(770)(21)(2)

12,459(7,833)

6

5

1,387

1,069

2,433
3,820

3,406
4,475

(4) Segment Information
I. For the Period ended December 31, 2017 (From Apr. 1, 2017 to Dec. 31, 2017)
1. Information on the amount of net sales and income (loss) by segments(Millions of yen)Segments
Computer
Networks
Business

ElectronicComponents
Business
Net sales:
OutsidecustomersInter-segment

Total

Adjustments

Consolidated
statements of income(Note)

107,140

12,286

119,427–

119,427

–––––

Total
107,140
12,286
119,427–
119,427
Segment
1,406
435
1,841
–
1,841
income(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.
II. For the Period ended December 31, 2018 (From Apr. 1, 2018 to Dec. 31, 2018)
1. Information on the amount of net sales and income (loss) by segments(Millions of yen)Segments
ComputerNetworks
Business

ElectronicComponents
Business
Net sales:
Outsidecustomers
Inter-segment

Total

Adjustments

Consolidated
statements of income(Note)

90,60013,395

103,995–

103,995

––––

–

Total
90,60013,395
103,995–
103,995
Segment
1,405
697
2,103
–
2,103
income(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.

-7-