Summary of Consolidated Financial Results
For The Second Quarter Ended September 30, 2023
[Japanese GAAP]
October 31, 2023
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, 2023 (April 1, 2023 to
September 30, 2023)(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 Second Quarter
ended September 30, 2023
The Second Quarter
ended September 30, 2022
(Note) Comprehensive income:% Millions of yen% Millions of yen% Millions of yen

119,698

7.1

7,153

8.8

6,253

20.1

4,551

27.0

111,769

35.0

6,573

138.4

5,208

109.9

3,584

35.5

The Second Quarter ended September 30, 2023
The Second Quarter ended September 30, 2022

Basic net income
per share

Diluted net income
per share

Yen

Yen

5,555 million yen [21.1%]
4,585 million yen [45.1%]

The Second Quarter
152.17–
ended September 30, 2023
The Second Quarter
120.56–
ended September 30, 2022
(Note) The Company conducted a share split at a ratio of three shares for every one share of the Company’scommon stock as of October 1, 2023. Basic net income per share is calculated based on the assumptionthat the share split was conducted at the beginning of the previous fiscal year.
(2) Consolidated Financial Position
Total assets
As of September 30, 2023
As of March 31, 2023
(Reference) Equity:%

Net assets

Equity ratio

Millions of yen

Millions of yen%

146,342
143,452

42,392
38,99728.2
26.4

As of September 30, 2023

41,289 million yen

As of March 31, 2023

37,848 million yen

2. Dividends
End of 1Q

End of 2Q

Yen

Annual dividends per share
End of 3Q
Year-end

Yen

Yen

AnnualYen

Yen

Fiscal year ended–
145.00–210.00355.00March 31, 2023
Fiscal year ending–
183.00March 31, 2024
Fiscal year ending
March 31, 2024
–
70.00
–
(Forecast)(Note) Revision of dividends forecast: None
(Note) The Company conducted a share split at a ratio of three shares for every one share of the Company’scommon stock as of October 1, 2023. The year-end dividend per share for the fiscal year ending March 31,
2024 (forecast) is based on the number of shares after the share split, and the annual dividend is stated as“―”. If the share split is not taken into consideration, the year-end dividend per share for the fiscal year
ending March 31, 2024 (forecast) would be 210 yen, and the annual dividend would be 393 yen.
3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2024 (April 1, 2023 to March 31,
2024)(% 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%

Millions of yen%

Millions of yen%

Yen

Fiscal year ending
250,000
4.0
13,500
8.2
9,770
11.3
326.12
March 31, 2024
(Note) Revision of financial forecasts: Yes(Note) The Company conducted a share split at a ratio of three shares for every one share of the Company’scommon stock as of October 1, 2023. Basic net income per share for fiscal year ending March 31, 2024
(forecast) is taking into consideration the impact of the share split. Not taking into consideration the share
split, net income per share for fiscal year ending March 31, 2024 (forecast) would be 978.36 yen.
*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: None4) Restatements: None(3) Number of shares outstanding (common stock)1) Number of shares outstanding at the end of the period (including treasury share):
September 30, 2023
31,336,500 shares
March 31, 2023
31,336,500 shares
2) Number of treasury shares at the end of the period:
September 30, 2023
1,378,080 shares
March 31, 2023
1,490,898 shares

3) Average number of shares outstanding during the period:
The Second Quarter ended September
29,908,998 shares30, 2023
The Second Quarter ended September
29,735,658 shares30, 2022(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 thenumber of treasury shares.
(Note) The Company conducted a share split at a ratio of three shares for every one share of the Company’scommon stock as of October 1, 2023. Number of shares outstanding at the end of the period, number oftreasury shares at the end of the period, and the average number of shares outstanding during the period are
calculated based on the assumption that the stock split was conducted at the beginning of the previous
fiscal year.
*This quarterly 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)
FY 2023(As of Mar. 31, 2023)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically 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 assets
Investments and other assets
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

FY 2024(As of Sep. 30, 2023)

6,538

6,502

57,73752,870

4,801

5,176

40,402
2,680
17,3324,821(4)48,006
3,190
17,254
3,597(81)

134,309

136,517

3,481
226

3,360
628

352
5,126
(43)

374
5,784
(324)

5,435

5,834

9,143

9,824

143,452

146,342(Millions of yen)
FY 2023(As of Mar. 31, 2023)
Liabilities
Current liabilities
Accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Advances received
Provision for bonuses
Other

FY 2024(As of Sep. 30, 2023)

20,21420,9493
2,827
21,0822,706
2,811

17,594
21,1175,000
1,793
23,421
2,269
3,711

Total current liabilities

70,59574,906

Non-current liabilities
Long-term borrowings
Retirement benefit liability
Other

24,7007,626
1,533

19,7007,540
1,802

Total non-current liabilities

33,85929,043

Total liabilities

104,455

103,949

Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares

2,495
5,652
30,482(1,813)

2,495
5,684
32,839(1,716)36,81639,302

82

89

(136)
973
111

111
1,683
101

1,031

1,986

1,148

1,103

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 income
Non-controlling interests
Total net assets
Total liabilities and net assets

38,99742,392

143,452

146,342(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income

Net sales
Cost of sales

FY 2023(from Apr. 1, 2022
to Sep. 30, 2022)
111,769
95,706(Millions of yen)
FY 2024(from Apr. 1, 2023
to Sep. 30, 2023)
119,698
101,686

Gross profit

16,06218,011

3,574
1,724
324

3,708
2,141
357

64

130

(3)
3,805

358
4,163

9,489

10,858

6,573

7,153

43

42

62

93

Selling, general and administrative expenses
Salaries and allowances
Provision for bonuses
Retirement benefit expenses
Provision for share based compensation expenses for
employees
Provision of allowance for doubtful accounts
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

54

48

160

185

1,431
92

923
161

1,524

1,085

5,208

6,253

-

4

-

4

2

1

2

1

Net income before income taxes

5,206

6,256

Income taxes

1,557

1,655

Net income

3,648

4,601

63

50

3,584

4,551

Total non-operating income
Non-operating expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary income
Extraordinary income
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses

Net income attributable to non-controlling interests
Net income attributable to owners of parent

Consolidated Statements of Comprehensive Income

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income

3,648(Millions of yen)
FY 2024(from Apr. 1, 2023
to Sep. 30, 2023)
4,601

(18)
123
821
(23)

7
247
676
(10)

33

32

937

954

Comprehensive income

4,585

5,555

Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

4,522

5,505

63

50

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

(3) Consolidated Statements of Cash Flow
(Millions of yen)
FY 2024(from Apr. 1, 2023
to Sep. 30, 2023)

FY 2023(from Apr. 1, 2022
to Sep. 30, 2022)
Cash flows from operating activities
Net income before income taxes
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for share based
compensation expenses for employees
Increase (decrease) in provision for share based
compensation expenses for directors
Interest expenses
Foreign exchange losses (gains)
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

5,206
289
(3)
83
(152)

6,256
275
357
(447)
(97)

65

136

66

101

60
531

122
999

(7,564)

5,494(10,405)
2,065
(28)

(7,728)(2,723)
155

3,725

2,327

Increase (decrease) in advances received
Decrease (increase) in consumption taxes refund
receivable
Decrease (increase) in accounts receivable - other
Decrease (increase) in prepaid expenses
Decrease (increase) in advance payments to suppliers
Other, net

316

1,275

128
(2,753)(97)(1,065)75
80
125(1,194)

Subtotal(9,530)5,591Interest and dividends received
Interest paid
Income taxes paid

57
(61)
(1,998)56(122)(2,628)Net cash provided by (used in) operating activities(11,532)

2,895

17
(80)
(15)
47

(7)
(143)
(444)
4
(428)
-

Other, net(0)1

Net cash provided by (used in) investing activities(32)(1,018)Cash flows from investing activities
Net decrease (increase) in time deposits
Purchase of property, plant and equipment
Purchase of intangible assets
Proceeds from sale of investment securities
Payments of leasehold and guarantee deposits
Proceeds from cancellation of insurance funds

(Millions of yen)
FY 2024(from Apr. 1, 2023
to Sep. 30, 2023)

FY 2023(from Apr. 1, 2022
to Sep. 30, 2022)
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of long-term borrowings
Purchase of shares of subsidiaries not resulting inchange in scope of consolidation
Purchase of treasury shares
Proceeds from disposal of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Repayments of lease liabilities

12,367
(169)

(119)
(3)

-

(27)

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

(0)
229
(2,089)(35)(37)

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

11,290(2,083)

133

163

(140)

(42)

Cash and cash equivalents at beginning of period

5,028

6,442

Cash and cash equivalents at end of period

4,887

6,400

(4) Segment Information
I. 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
Computer
Networks
Business

Electronic
Components
Business
Net sales:
Semiconductor &Boards Products,
etc.
Storage & Network
Products, etc.
Maintenance &Monitoring
Services
Revenue fromcontracts withcustomers
Outside customers

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

Inter-segment
Total

Consolidated
Adjustments statements of income(Note)

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.
II. For the Period ended September 30, 2023 (From Apr. 1, 2023 to Sep. 30, 2023)
1. Information on the amount of net sales and income (loss) by segments, and breakdown of revenue(Millions of yen)Segments
Computer
Networks
Business

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

Total

Adjustments

Consolidated
statements of income(Note)

105,344–

105,344–

105,344

–

8,561

8,561

–

8,561

–

5,792

5,792

–

5,792

105,344

14,353

119,698–

119,698

105,344

14,353

119,698–

119,698

–

–

–

–

–

105,344

14,353

119,698–

119,698

Segment income
4,990
1,263
6,253
–
6,253
(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.