Summary of Consolidated Financial Results
For The First Quarter Ended June 30, 2023
[Japanese GAAP]
August 1, 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 First Quarter Ended June 30, 2023 (April 1, 2023 to June 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 to ownersof parent
Millions of yen

The First Quarter
ended June 30, 2023
The First Quarter
ended June 30, 2022
(Note) Comprehensive income:% Millions of yen(Reference) Equity:

%

16.4

3,628

22.7

3,143

45.5

2,186

47.8

50,677

23.6

2,957

102.6

2,160

80.7

1,479

(20.1)The First Quarter ended June 30, 2023
The First Quarter ended June 30, 2022

2,739 million yen [41.1%]
1,940 million yen [(18.2)%]

Diluted net income
per share

YenYen219.67–149.44–(2) Consolidated Financial Position
Total assets
As of June 30, 2023
As of March 31, 2023

% Millions of yen

59,012

Basic net income
per share
The First Quarter
ended June 30, 2023
The First Quarter
ended June 30, 2022

% Millions of yen

Net assets

Equity ratio

Millions of yen

Millions of yen%

141,337
143,452

39,542
38,99727.2
26.4

As of June 30, 2023

38,405 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–
March 31, 2024
Fiscal year ending
March 31, 2024
140.00–70.00–(Forecast)(Note) Revision of dividends forecast: None
(Note) The Company plans to conduct a share split at a ratio of three shares for every one share of the Company’scommon stock with October 1, 2023 as the effective date. 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 sharefor the fiscal year ending March 31, 2024 (forecast) would be ¥210.00, and the annual dividend would be¥350.00.
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

Six months ending
September 30,
107,800(3.6)
5,000(4.0)
3,550(1.0)
356.842023 (cumulative)
Fiscal year ending
230,000(4.3)
12,000(3.8)
8,450(3.7)
283.12
March 31, 2024(Note) Revision of financial forecasts: None(Note) The Company plans to conduct a share split at a ratio of three shares for every one share of the Company’scommon stock with October 1, 2023 as the effective date. 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 intoconsideration the share split, net income per share for fiscal year ending March 31, 2024 (forecast) would be¥849.37.
*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 shares):
June 30, 2023
10,445,500 shares
March 31, 2023
10,445,500 shares
2) Number of shares of treasury stock at the end of the period:
June 30, 2023
483,160 shares
March 31, 2023
496,966 shares

3) Average number of shares outstanding during the period:
The First Quarter ended June 30, 2023
9,954,959 shares
The First Quarter ended June 30, 2022
9,903,372 shares(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 shares of treasury shares.
*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(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
OtherAllowance 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-1-FY 2024
(As of Jun. 30, 2023)

6,538

5,974

57,73752,816

4,801

4,881

40,402
2,680
17,3324,821(4)44,817
3,012
17,7392,257(78)

134,309

131,420

3,481
226

3,431
624

352
5,126
(43)

363
5,817
(319)

5,435

5,861

9,143

9,917

143,452

141,337(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
Advances received
Provision for bonuses
OtherFY 2024
(As of Jun. 30, 2023)

20,21420,9493
21,082
2,706
5,638

17,151
20,026
4,000
23,615965
6,185

Total current liabilities

70,59571,944Non-current liabilities
Long-term borrowings
Retirement benefit liability
Other

24,7007,626
1,533

20,7007,433
1,716

33,85929,850Total liabilities

Total non-current liabilities

104,455101,794

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

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

2,495
5,652
30,475(1,777)36,81636,84582

92(136)
973
111

(52)
1,413
106

1,031

1,560

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

1,148

1,137

Total net assets

38,99739,542

143,452

141,337

Total liabilities and net assets-2-(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income

Net sales
Cost of sales

FY 2023(from Apr. 1, 2022
to Jun. 30, 2022)
50,67743,247(Millions of yen)
FY 2024(from Apr. 1, 2023
to Jun. 30, 2023)
59,01250,091Gross profit

7,430

8,921

1,783
699
162

1,835
903
178

31

64(3)
1,800

350
1,960

4,472

5,292

2,957

3,628

25

49

14

19

39

69797
38

467
86

836

554

2,160

3,143-4-400Selling, general and administrative expenses
Salaries and allowances
Provision for bonuses
Retirement benefit expenses
Provision for share based compensation expenses foremployees
Provision of allowance for doubtful accounts
Other
Total selling, general and administrative expenses
Operating income
Non-operating income
Share of profit of entities accounted for using equity
methodOther
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 before income taxes

002,160

3,147

Income taxes

659

936

Net income

1,501

2,210

Net income attributable to non-controlling interests
Net income attributable to owners of parent-3-

21

24

1,479

2,186

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

1,501(Millions of yen)
FY 2024(from Apr. 1, 2023
to Jun. 30, 2023)
2,210(8)
(47)
491
(11)

1083
437
(5)

15

1

439

528

Comprehensive income

1,940

2,739

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

1,919

2,715

2124

FY 2023(from Apr. 1, 2022
to Jun. 30, 2022)-4-

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

FY 2023(from Apr. 1, 2022
to Jun. 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
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
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

2,160
150
(3)
(1,015)
(243)
25483

3,147
127
350
(1,746)
(198)
65
1,122

829

5,543

(7,569)
2,915
143
2,477

(4,542)(3,116)
317
2,524

1,256

2,586

(65)
(2,201)
(279)
(228)

111(405)113(239)

Subtotal(1,166)

5,762Interest and dividends received
Interest paid
Income taxes paid

27(24)(1,967)35(67)(2,592)

Net cash provided by (used in) operating activities(3,130)3,13720(26)
(2)
(3)
47
11(3)
(112)
(45)
4(428)
0

Net cash provided by (used in) investing activities

46(584)

Cash flows from financing activities
Net increase (decrease) in short-term borrowings
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

3,323
(85)
(0)
58(989)(17)(15)(1,167)(3)(0)
91(2,089)(35)(18)

Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cashequivalents
Net increase (decrease) in cash and cash equivalents

2,273(3,223)

94

103

(715)

(567)

Cash and cash equivalents at beginning of period

5,028

6,442

Cash and cash equivalents at end of period

4,313

5,875

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
Other, net-5-(4) Segment Information
I. For the Period ended June 30, 2022 (From Apr. 1, 2022 to Jun. 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

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

Total

45,270–45,270–45,270

–

2,915

2,915

–

2,915

–

2,491

2,491

–

2,491

45,2705,407

50,677–50,67745,2705,407

50,677–50,677

2–

2(2)

–

45,272

5,407

50,679(2)

50,677

Inter-segment
Total

Consolidated
Adjustments statements of income(Note)

Segment income
1,779
381
2,160
–
2,160(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.
II. For the Period ended June 30, 2023 (From Apr. 1, 2023 to Jun. 30, 2023)
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 & Network
Products, etc.
Maintenance &Monitoring
Services
Revenue fromcontracts withcustomers
Outside customers
Inter-segment
Total

Consolidated
Adjustments statements of income(Note)

Total

51,912–

51,912–

51,912

–

4,238

4,238

–

4,238

–

2,861

2,861

–

2,861

51,912

7,099

59,012–59,012

51,912

7,099

59,012–59,012–––––

51,912

7,099

59,012–59,012

Segment income
2,563
579
3,143
–
3,143
(Note) Total amount of segment income coincides with the ordinary income in the consolidated statements of income.

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