TOKYO ELECTRON
LIMITED2001
F A C T

A s

o f

CONTENTS
目次

1

PROFILE2

HIGHLIGHTS

3

BUSINESS ANALYSIS

4

SEMICONDUCTOR MANUFACTURING PROCESS AND TEL PRODUCTS

5

TFT-LCD MANUFACTURING PROCESS AND TEL PRODUCTS

6

MARKET DATA FOR SEMICONDUCTOR PRODUCTION EQUIPMENT

プロフィール
主要経営指標業態分析

半導体製造工程とTEL自社開発製品
TFT-LCD製造工程とTEL製品
半導体製造装置の市場データ

7 TEL’S SEMICONDUCTOR PRODUCTION EQUIPMENTTELの半導体製造装置部門

9

TEL’S ELECTRONIC COMPONENTSTELの電子部品部門

TEL’S COMPUTER NETWORKTELのコンピュータ・ネットワーク部門

10

FINANCIAL DATA

14FINANCIAL STATEMENTS

21

STOCK INFORMATION

財務データ
財務諸表
株式情報

M a r c h

B O O K
3 1 ,

2 0 0 1Tokyo Electron Group Corporate Organization
東京エレクトロングループ 組織図

Corporate Headquarters

Domestic

Overseas

東京エレクトロングループ本社

国内

海外

Tokyo Electron Limited

Engineering and Manufacturing

Sales and Technical Support

東京エレクトロン

開発・製造

販売･技術サポート

Tokyo Electron Tohoku Limited

Tokyo Electron America, Inc.

マーケティング・販売・研究開発

東京エレクトロン東北

Tokyo Electron Europe Limited

Marketing, sales

東京エレクトロン エイ・ティー

マーケティング・販売部門

Tokyo Electron Kyushu Limited

Marketing, sales and R&D

Tokyo Electron AT Limited*2

Tokyo Electron Italia S.p.A.
Tokyo Electron Deutschland GmbH

Semiconductor production equipment

東京エレクトロン九州

Tokyo Electron France S.A.R.L.

半導体製造装置

Tokyo Electron Sapporo Limited

Tokyo Electron Nederland B.V.

LCD production equipment

東京エレクトロン札幌

LCD製造装置

Computer network
コンピュータ・ネットワーク

Corporate R&D

Tokyo Electron España S.L.

Field Support & Equipment Engineering

Tokyo Electron Ireland Limited

フィールド・サポート・エンジニアリング
イクイップメント・エンジニアリング

Tokyo Electron Israel Limited

技術開発部門Tokyo Electron FE Limited

Corporate Administration

東京エレクトロンFE

管理部門

Tokyo Electron EE Limited
東京エレクトロンEE

Tokyo Electron Korea Limited
Tokyo Electron Taiwan Limited
Engineering and Manufacturing
開発・製造

Electronic Components Sales

Tokyo Electron Oregon, LLC

電子部品販売Tokyo Electron Massachusetts, Inc.

Tokyo Electron Device Limited
東京エレクトロン デバイス

Tokyo Electron Texas, Inc.
Tokyo Electron Phoenix Laboratories, Inc.

Service-RelatedTokyo Electron Arizona, Inc.

サービス関連Tokyo Electron Switzerland Limited

Tokyo Electron Leasing Co., Ltd.

Supercritical Systems, Inc.

東京エレクトロン リース

Timbre Technologies, Inc.

Tokyo Electron Logistics Limited
東京エレクトロン ロジスティクス

Tokyo Electron Agency Limited
東京エレクトロン エージェンシー(As of June 2001)（2001年6月現在）

Notes: 1. All of the TEL group companies above were consolidated
from fiscal 2000.
2. The new name of the company formed by the merger ofTokyo Electron Yamanashi Limited and Tokyo Electron
Miyagi Limited on April 1, 2001.

注）1. 2000年より、上記グループ全社が連結対象となっています。
2. 東京エレクトロン山梨と東京エレクトロン宮城は、2001年４月１日付をもって合併し、東京エレクトロン エイ・ティーとなりました。

PROFILE プロフィール

Tokyo Electron Limited (TEL) is one of the world’s
leading suppliers of semiconductor and liquid crystal
display (LCD) production equipment. Established in
1963, TEL was the first company to introduce American
semiconductor production equipment and integrated circuit(IC) testers to Japan, and it has played an extremely important role in the development of the Japanese semiconductor
industry ever since. Owing to its shift to manufacturing inthe second half of the 1980s, and its rapid but smoothglobalization since the first half of the 1990s, TEL is now
highly regarded as a company which supports theinternational semiconductor industry from its foundation.
TEL strives to provide customers around the world withthe highest-quality products and services. The Company
therefore emphasizes the development and manufacture ofadvanced products that suit customer needs and the provision of tailored field services. In addition to a global-scale
sales and service network, TEL has commenced the construction of development and manufacturing bases overseas
in order to seize market opportunities even more promptly.
TEL also provides superior electronic components andcomputer network from around the world. The Company’sbusiness comprises the following three fields: semiconductor
production equipment (SPE), electronic components (EC) andcomputer network (CN).

Semiconductor Production
Equipment

京エレクトロン(TEL)は、半導体製造装置および液晶ディスプレー製造装置における世界のリーディングサプライヤーです。創業は1963年、米国の半導体製造装置やICテスターを初めて日本に紹介し、以後、日本のIC産業の発展に極めて重要な役割を果たしました。1980年代後半に始まったメーカー
化、さらに1990年代前半に打ち出したグローバリゼーションの急激かつ順調な進展により、今や世界のIC産業を根底から支える企業として大きな評価を得ています。
世界中のお客様に世界最高の製品と世界最高のサービスを提供すること、これをTELの使命と考え、顧客ニーズに合った最新鋭の製品の開発・製造、顧客密着型のサービスサポートに力を入れてまいりました。さらにTELは、世界的規模の販売・サービスネットワークづくりに加え、市場機会をより敏速にとらえるための開発・製造
拠点づくりを海外にて開始しました。
TELは、世界の優れた電子部品、コンピュータ・ネットワークも提供しており、事業は以下の３つの分野（半導体製造装置、電子部品、コンピュータ･ネットワークの各部門）から構成されています。

半導体製造装置部門

東

TEL has a lineup of leading-edge
systems covering most stages of thesemiconductor wafer production process, and has acquired a large shareof the world market. TEL’s own-brandproducts represent approximately
98% of divisional sales. TEL also
imports and sells products from leading overseas manufacturers. The proportion of TEL’s own-brand products
accounted for by exports is increasing in response to growing demandin overseas markets. In addition toaggressively expanding its worldwide
sales and service network in recent
years, TEL has pushed forward strongly
with the construction of overseas
development and production facilities,
starting with a factory in Oregon, in
the United States. TEL is also putting
its utmost effort into the developmentof next-generation new technologies,

半導体製造前工程（ウェーハプロセス工程）の多くの領域をカバーする最新鋭のシステムをラインアップし、世界のマーケットにおいて高いシェアを獲得しています。部門売上の約９8％を自社製品が占める一方、海外の優れた他社製品の輸入販売も行っています。海外での需要に対応して自社製品の海外売上高比率は一層の伸びを示しています。
近年、積極的に行ってきた販売・サービス体制のグローバル化に加え、米国オレゴン州の工場を皮切りに、海外開発製造拠点の構築を強力に推進してきました。また、300ｍｍウェーハ対応技術をはじめとする次世代、次々世代の新技術の開発に

such as technology compatible with
300mm wafers. LCD production
equipment, for which large market
growth is forecast in the future, wastransferred to the SPE division fromthe CS division in April 1996.
Electronic Components
TEL deals in a wide range of theworld’s top-brand products in the fieldof semiconductor devices, including
microprocessors, LSIs for communications applications and memory
devices, and provides them to theJapanese market. As a distributor ofelectronic components, TEL has threedesign centers boasting the largest
scale and best technology in Japan.
The Company also designs applicationspecific ICs and develops TEL original
ICs. From July 1998, sales of all electronic components will be handled
by wholly-owned subsidiary Tokyo
Electron Device.

も最大の力を注いでいます。今後、大きな市場の伸びが予想されるLCD製造装置が、1996年4月にコンピュータ・システム部門より当部門に移管されました。

電子部品部門マイクロプロセッサ、通信用LSI、メモリなど半導体デバイス分野における世界のトップブランドの製品を豊富に取り揃え、国内市場に提供しています。電子部品商社としては日本最大級の規模と技術を誇る設計開発センターを全国３カ所に設け、ユーザーの仕様に合わせたLSIの回路設計やTELオリジナルICの開発を行っています。1998年

Computer Network
By providing core products for the
information age, such as leadingedge workstations, storage area
networks, Internet technologies,
and other core technologies for thebroadband era, from around theworld, along with a comprehensive
support system, TEL has earned asolid reputation as a distributor withtechnological expertise. TEL’s extensive products and services enable it
to function as a total systems integrator and an effective partner to its
customers in various leading-edge
industries.
1

7月より、関連会社である東京エレクトロン デバイス（株）が、電子部品販売を完全に担っています。

コンピュータ・ネットワーク部門
世界の優れた最新のワークステーション、ストレージエリアネットワーク及びインターネット・テク
ノロジーなどブロードバンド時代のコア技術を担う製品群を、万全のサポート体制とともに提供し、技術力のある商社として高い評価を受けています。
これらの製品および技術サービスの提供を通じて、TELはトータルシステムインテグレーターとして、様々な先端産業分野でユーザーの良きパートナーとなっています。

HIGHLIGHTS 主要経営指標

Operating Income andOperating Margin

Net Sales
売上高

Ordinary Income andOrdinary Profit Margin

営業利益及び営業利益率

Net Income andReturn on Sales

経常利益及び経常利益率

Return on Equity (ROE) and
Return on Assets (ROA)

当期利益及び当期利益率

ROE と ROA(Millions of yen 百万円)

(Millions of yen 百万円)(%)

(Millions of yen 百万円)(%)

(Millions of yen 百万円)

(%)

(%)

800,000

160,000

20

120,000

20

80,0001224600,000

120,000

15

90,00015

60,000918400,000

80,00010

60,00010

40,0006

12200,000

40,000530,0005

20,000

3

6

0

0

0

0

0

0

0

2

0
’96

’97

’98

’99

’00

’96

’01

Non-consolidated 単体
Consolidated 連結

’97

’98

’99

’00

’01

’96

Non-consolidated operating income 単体営業利益
Consolidated operating income 連結営業利益
Non-consolidated operating margin 単体営業利益率
Consolidated operating margin 連結営業利益率

’97

’98

’99

’00

’01

’96

Non-consolidated ordinary income 単体経常利益
Consolidated ordinary income 連結経常利益
Non-consolidated ordinary profit margin
単体経常利益率

’97

’98

’99

’00

’01

’96

Non-consolidated net income 単体当期利益
Consolidated net income 連結当期利益
Non-consolidated return on sales 単体当期利益率
Consolidated return on sales 連結当期利益率

’97

’98

’99

’00

’01

Non-consolidated ROE 単体ROE
Non-consolidated ROA 単体ROA
Consolidated ROE 連結ROE
Consolidated ROA 連結ROA

Consolidated ordinary profit margin
連結経常利益率(Millions of yen 百万円)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

Fiscalyear(Millions of yen 百万円)
Consolidated 連結
Non-consolidated 単体
OperatingOperating Operating
Operatingincomemargin income
margin年度
営業利益 営業利益率(%)
営業利益 営業利益率(%)...................................................................................

Fiscalyear(Millions of yen 百万円)
Consolidated 連結
Non-consolidated 単体
Ordinary
Ordinary Ordinary
Ordinary
income profit margin income profit margin
年度
経常利益 経常利益率(%)
経常利益 経常利益率(%)...................................................................................

Fiscalyear(Millions of yen 百万円)
Consolidated 連結
Non-consolidated 単体
Net
ReturnNet
Returnincomeon sales incomeon sales
年度
当期利益 当期利益率(%) 当期利益 当期利益率(%)...................................................................................

単体
連結
Fiscal year
年度
ROE
ROA
ROE
ROA
...................................................................................

1996

402,407

401,775

1996

45,357

11.3

60,17915.0

1996

47,91011.9

60,38015.0

1996

24,532

6.1

30,964

7.7

1996

15.5

13.9

18.5

17.0

1997

423,570

432,785

1997

44,342

10.5

54,12412.5

1997

48,25011.4

54,43312.6

1997

27,686

6.5

29,975

6.9

1997

15.2

13.2

15.4

14.0

1998

423,752

455,585

1998

46,36010.9

56,522

12.4

1998

51,66012.2

57,376

12.6

1998

27,782

6.6

30,009

6.6

1998

12.6

12.8

12.8

13.2

1999

266,397

313,820

1999

4,117

1.5

6,383

2.0

1999

7,748

2.9

6,200

2.0

1999

6,503

2.4

1,866

0.6

1999

2.6

1.8

0.7

1.6

2000

364,212440,7292000

13,936

3.8

35,8168.1

2000

16,481

4.5

33,838

7.7

2000

8,128

2.2

19,848

4.5

2000

3.2

4.1

7.5

7.9

2001

626,807723,880

2001

59,056

9.4

121,086

16.7

2001

59,6989.5

119,223

16.5

2001

30,9344.9

62,012

8.6

2001

11.4

11.8

20.4

19.8

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Non-consolidated(%)
Consolidated...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

ROE = (Net income/average total shareholders’ equity) × 100
ROE＝当期利益÷期首・期末平均株主資本×100（％）
ROA = (Operating income +interest and dividend income) /average total assets × 100
ROA＝（営業利益+受取利息及び配当金）÷期首・期末平均総資産×100（％）

Notes: 1. TEL’s fiscal year ends March 31. The Company’s fiscal
year is identified by the year in which it ends.
2. Enterprise taxes, formerly included in selling, general andadministrativeexpenses, are included in the provision forincome taxes from 1999.

注）1. 当社は３月末日を決算日としております。各会計年度は、営業期間の終了した年を表記しています。
2. 販売費及び一般管理費に含めて表示していました事業税を1999年より法人税等に含めて表示しています。

BUSINESS ANALYSIS 業態分析

Composition of Net Sales
by Division

Net Sales by Division
部門別売上高(Millions of yen 百万円)

地域別売上高部門別売上構成比
Consolidated
連 結

（

）

(%)

Composition of Net Sales
by Region

Net Sales by Region

Consolidated
連 結

（

）

(Millions of yen 百万円)

地域別売上構成比
Consolidated
連 結

（

）

(%)

800,000

100

800,000

100

600,00075

600,000

75

400,000

50

400,000

50

200,000

25

200,000

25

0

0
’96

’97

’98

’99

’00

0

’01

’96

’97

’98

’99

’00

’01

Percentage of TEL Products
to Net Sales
自社製品売上比率

Consolidated
連 結

（

）

Non-consolidated

(%)

（

単

体

）
（

FY 2001
2001年3月期

）

0
’96

’97

’98

’99

’00

’01

’96

’98

’99

’00

3

’01

Semiconductor production equipment

Semiconductor production equipment

半導体製造装置

半導体製造装置

Electronic components 電子部品
Computer network コンピュータ・ネットワーク
Others その他

Electronic components 電子部品
Computer network コンピュータ・ネットワーク
Others その他(Millions of yen 百万円)
Semiconductor
Computer
Fiscalproduction
Electronic
network
year
equipment
components コンピュータ・
Others年度
半導体製造装置
電子部品
ネットワークその他...................................................................................

Semiconductor
Computer
Fiscalproduction
Electronic
network
year
equipment
components コンピュータ・
Others年度
半導体製造装置
電子部品
ネットワークその他...................................................................................

Fiscal
(%)
year
Japan
U.S.A. Europe Asia,Others
年度
日本
米国
欧州 アジア・その他...................................................................................

Fiscal
(%)
year
Japan
U.S.A.
Europe Asia,Others
年度
日本
米国
欧州 アジア・その他...................................................................................

1996

334,983

52,47814,314

—

1996

83.4

13.1

3.5

—

1996

—

—

—

—

1996

1997

355,877

62,50014,408

—

1997

82.2

14.5

3.3

—

1997

—

—

—

—

1997

—

—

—

—

1998

380,184

60,13915,262

—

1998

83.4

13.2

3.4

—

1998 230,550 70,759 25,768 128,508

1998

50.6

15.5

5.7

28.2

1999

242,240

57,734

12,878

968

1999

77.2

18.4

4.1

0.3

1999 149,838 56,489 22,702

84,791

1999

47.8

18.0

7.2

27.0

Sales ofnon-TEL products

2000

355,103

72,051

12,357 1,218

2000

80.6

16.3

2.8

0.3

2000 183,987 65,637 33,588 157,516

2000

41.8

14.9

7.6

35.7

他社製品売上22,0783.5...................................................................................

2001

619,001

89,211

14,054 1,614

2001

85.5

12.3

2.0

0.2

2001 299,272 140,228 50,463 233,915

2001

41.3

19.4

7.0

32.3

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...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Japan 日本
U.S.A. 米国
Europe 欧州
Asia, Others アジア・その他’97

Japan 日本
U.S.A. 米国
Europe 欧州
Asia, Others アジア・その他

Sales of TEL products 自社製品売上
Sales of non-TEL products 他社製品売上(%)...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
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Notes: 1. TEL’s fiscal year ends March 31. The Company’s fiscal
year is identified by the year in which it ends.
2. Results restated retroactively owing to a structural
reorganization in fiscal 1997. Net sales, orders and orderbacklog of LCD production equipment—formerly part of...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Computer Systems—have been included in the results of
Semiconductor Production Equipment to facilitate year-onyear comparison.
3. On April 1, 2000, the Computer Systems Division changed
its name to the Computer Network Division.

—

—

—

—

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

(Millions of yen 百万円)(%)...................................................................................

Sales ofTEL products
自社製品売上604,729 96.5...................................................................................

...................................................................................

注）1. 当社は3月末日を決算日としています。各会計年度は、営業期間の終了した年を表記しています。
2.ＦＹ１９９７の組織変更に伴い、従来コンピュータ・システム部門にあった液晶製造装置関連の売上高、受注高及び受注残高については、
過去に遡り半導体製造装置部門へ組み替えて表示しています。

3. コンピュータ・システム部門は、2000年4月1日付でコンピュータ・
ネットワーク部門に呼称変更しています。

SEMICONDUCTOR MANUFACTURING PROCESS AND TEL PRODUCTS 半導体製造工程と TEL 自社開発製品

Silicon Wafer

Single Crystal Ingot

ウェーハ製造単結晶シリコンインゴット製造

Slicing andPolishing
スライシングおよび研磨

TEL’s own-brand products

Wafer Processing ウェーハプロセス
Dopant
不純物

Oxidation Film
酸化膜

※

Gate
ゲート電極

Polishing

Wafer CleaningThin Oxidation

DopingInter Metal Dielectric

ウェーハ洗浄酸化薄膜形成ソースドレイン形成

層間絶縁膜形成

研磨

CMP

Cleaning System

Oxidation Furnace

Ion Implanter

IMD CVD, SOD

洗浄装置

拡散炉

イオン注入装置

層間絶縁膜CVD、SOD

Metal Interconnect ※

4

メタル配線

研磨装置

※

Contact & Via
コンタクト＆ビア

Metal
メタル

Probe Testing

Passivation

プローブ検査

保護膜形成

Wafer Prober

Plasma CVD

ウェーハプローバ

プラズマＣＶＤ

Metalization

Polishing

Contact & Via Filling

メタル成膜

研磨

コンタクト ＆ ビア埋め込み

Metal CVD or Sputter

CMP

Metal CVD

メタルＣＶＤ or スパッタ

研磨装置

メタルＣＶＤ※Produced using the photolithographic process shown below.
※は各々下記のフォトリソ工程によりつくられます。

Assembly and Packaging
組 立

Testing

Resist
感光剤

Photo Resist Coating

Exposure

Developing

Etching

Ashing

感光剤塗布

マスク合わせ・露光

現 像

エッチング

アッシング

CoaterStepperDeveloper

Dry Etch System

Ash System

コータ

ステッパ

デベロッパ

エッチャ

アッシャ

検 査
CVD = Chemical Vapor Deposition
CMP= Chemical Mechanical Polisher
SOD = Spin-on DielectricTFT-LCD MANUFACTURING PROCESS AND TEL PRODUCTS TFT-LCD 製造工程と TEL 製品

Color filter
Liquid crystal

カラーフィルター基板

液晶

TFT Fabrication Process

TFT製造プロセス（アレイ工程）Glass Substrate
ガラス基板

Seal

Array Testing

Back light

検査工程（TFT基板）

Cutting

Prober

分割

LCDプローバ

Cleaning System

CVD or Sputter

洗浄装置

ＣＶＤまたは スパッタ

バックライトLCD Assembly

TFT substrate

Testing
シール

検査

T FTガラス基板

組立 ／液晶封入

Coaterコータ

Resist
レジスト

Glass Cleaning

Deposition

Photo Resist Coating

ガラス基板洗浄

成膜

感光剤塗布

Stepper or Aligner

Developer

Dry Etch System

ステッパ または アライナー

デベロッパ

エッチャ

End Product
完成品

Mask マスク

Exposure

Developing

Etching

露光

現像

エッチング

Silicon nitride film

Ash System

ｼﾘｺﾝ窒化膜

アッシャ

Metal 金属
n+ Amorphous siliconn+ ｱﾓﾙﾌｧｽｼﾘｺﾝ

Amorphous silicon
ｱﾓﾙﾌｧｽｼﾘｺﾝ

Silicon nitride film

TFT Formation
TFT形成

ｼﾘｺﾝ窒化膜

Metal 金属

The same process
is repeated
six or seven times
同様の工程を６〜７回繰り返す

Ashing
アッシング

TFT = Thin Film Transistor

5

MARKET DATA FOR SEMICONDUCTOR PRODUCTION EQUIPMENT 半導体製造装置の市場データ

Global Wafer Processing and Fabrication Equipment Market by Region
世界のウェーハプロセス用製造装置市場(Millions of US$ 百万米ドル)
36,00027,00018,000

6
9,000

0
’90

’91

’92

’93

’94

’95

’96

’97

’98

’99

’00

Calendar year 年

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

(Millions of US$ 百万米ドル)
2000Japan 日本

3,025

2,984

2,118

2,423

3,660

6,299

6,540

4,986

3,427

3,705

6,792

Americas 北アメリカ他

1,598

1,502

1,590

2,134

3,204

5,339

5,872

6,861

4,823

5,210

8,923

Europe, Middle East and Africa 欧州

770

653

662

1,028

1,396

2,369

2,839

2,427

2,137

2,450

4,675

Asia/Pacific アジア他

537

841

795

1,361

2,620

5,151

6,534

6,063

4,300

6,625

12,779Total 合計

5,930

5,980

5,165

6,945

10,88019,15921,785

20,337

14,68617,99033,169Japan 日本
Americas 北アメリカ 他
Europe, Middle East and Africa 欧州
Asia/Pacific アジア 他.......................................................................................................................................................................................................................................................................................................................................................................................................................................................................
.......................................................................................................................................................................................................................................................................................................................................................................................................................................................................
.......................................................................................................................................................................................................................................................................................................................................................................................................................................................................

.......................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Source: Gartner Dataquest 出所：ガートナー データクエスト
May 2001
GG01-TOS-019

TEL’S SEMICONDUCTOR PRODUCTION EQUIPMENT [SPE] TEL の半導体製造装置部門

SPE Sales

OrdersOrder Backlog

SPE 部門売上高

受注高

受注残

(Millions of yen 百万円)

(Millions of yen 百万円)

Sales of LCD
Production Equipment

Sales of TEL Products
自社製品売上高LCD 製造装置売上高(Millions of yen 百万円)

(Millions of yen 百万円)

Non-consolidated

（

単

体

）

(Millions of yen 百万円)

800,000

800,000

300,000

80,000600,000

600,000

600,000

225,000

60,000450,000

400,000

400,000

150,000

40,000300,000

200,000

200,000

75,00020,000150,000

0

0
’96

’97

’98

’99

’00

’01

0
’96

Non-consolidated 単体
Consolidated 連結

’97

’98

’99

’00

’01

0
’96

Non-consolidated 単体
Consolidated 連結

’97

’98

’99

’00

’01

Non-consolidated

（

単

’00

’01

体

）

0
’96

’97

’98

’99

’00

’01

’96

’97

’98

’99

7

Non-consolidated 単体
Consolidated 連結

年度
単体
連結
...................................................................................

(Millions of yen 百万円)
Fiscal year Non-consolidated
Consolidated
年度
単体
連結...................................................................................

年度
単体
連結
...................................................................................

Fiscalyear 年度(Millions of yen 百万円)...................................................................................

(Millions of yen 百万円)
Fiscalyear 年度...................................................................................

1996

335,427

334,983

1996

451,225—

1996

235,335—

1996

15,561

1996

289,5441997

353,215355,877

1997

287,863—

1997

169,984—

1997

17,988

1997

313,955

1998

371,457

380,184

1998

325,910—

1998

124,436—

1998

24,222

1998

351,055

1999

238,542

242,240

1999

198,091—

1999

83,98584,175

1999

16,5401999

226,397

2000

351,639

355,103

2000

516,313

520,472

2000

248,659

249,545

2000

42,6392000

345,224

2001

612,540

619,001

2001

623,640

627,573

2001

259,759

258,117

2001

71,779

2001

604,729

Fiscal year

(Millions of yen 百万円)
Non-consolidated
Consolidated...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Notes: 1. TEL’s fiscal year ends March 31. The Company’s fiscal
year is identified by the year in which it ends.
2. Results restated retroactively owing to a structural
reorganization in fiscal 1997. Net sales, orders and orderbacklog of LCD production equipment—formerly part ofComputer Systems—have been included in the results of

Fiscal year

(Millions of yen 百万円)
Non-consolidated
Consolidated...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Semiconductor Production Equipment to facilitate year-onyear comparison.
3. In the past, TEL released orders received and orders
backlog data only on a non-consolidated basis. As of the
fiscal year ended March 31, 2000, this data is expressed ona consolidated basis.

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

注）1. 当社は3月末日を決算日としています。各会計年度は、営業期間の終了した年を表記しています。
2.ＦＹ１９９７の組織変更に伴い、従来コンピュータ・システム部門にあった液晶製造装置関連の売上高、受注高及び受注残高については、
過去に遡り半導体製造装置部門へ組み替えて表示しています。

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

3. 当社は受注高及び受注残高については単体のデータのみ開示してきましたが、2000年3月期より連結のデータを開示しています。

Composition of SPE
Sales by Region

SPE Sales by Region
SPE 地域別売上高
Consolidated
連 結（(Millions of yen 百万円)

Overseas Sales of SPE

Percentage of SPE

SPE 海外売上高

SPE 海外売上高比率

SPE 地域別売上構成比）

Consolidated
連 結

（

(%)

）

(%)

（

FY 2001
2001年3月期）(Millions of yen 百万円)(%)

800,000

100

440,000

100

600,00075

330,000

75

400,000

50

220,000

50

200,000

25

110,000

25

0

0

0

8

’96

’97

’98

’99

’00

’01

Japan 日本
U.S.A. 米国
Europe 欧州
Asia, Others アジア・その他

’96

’97

’98

’99

’00

0
’96

’01

’98

’99

’00

’01

’96

Non-consolidated 単体
Consolidated 連結

Japan 日本
U.S.A. 米国
Europe 欧州
Asia, Others アジア・その他

Japan 日本
U.S.A. 米国
Europe 欧州
Asia, Others アジア・その他

’97

’97

’98

’99

’00

’01

Non-consolidated 単体
Consolidated 連結(Millions of yen 百万円)
Fiscal year
Japan % of total )U.S.A.
EuropeAsia,Others
Total
年度
日本
構成比
米国
欧州
アジア・その他
合計.............................................................................................................................................................................................................................................................................

(Millions of yen 百万円)
Fiscal year Non-consolidated
Consolidated
年度
単体
連結...................................................................................

(%)
Fiscal year Non-consolidated
Consolidated
年度
単体
連結...................................................................................

1996

—

—

—

—

—

1996

132,596

—

1996

39.5

—

1997

180,277 (50.7)

28,651 ( 8.0)

28,707 (8.1)

118,242 (33.2)

355,877

1997

173,267

175,600

1997

49.1

49.3

1998

155,982 (41.0)

70,642 (18.6)

25,768 (6.8)

127,792 (33.6)

380,184

1998

216,430

224,202

1998

58.3

59.0

1999

79,477 (32.8)

56,150 (23.2)

22,701 (9.4)

83,912 (34.6)

242,240

1999

159,066

162,763

1999

66.7

67.2

2000

99,650 (28.1)

65,537 (18.5)

33,559 (9.4)

156,357 (44.0)

355,103

2000

252,242

255,453

2000

71.7

71.9

2001

196,469 (31.7)

140,158 (22.6)

50,463 (8.2)

231,911 (37.5)

619,001

2001

416,272

422,532

2001

68.0

68.3

(

)

.............................................................................................................................................................................................................................................................................
.............................................................................................................................................................................................................................................................................
.............................................................................................................................................................................................................................................................................
.............................................................................................................................................................................................................................................................................
.............................................................................................................................................................................................................................................................................
.............................................................................................................................................................................................................................................................................

Notes: 1. TEL’s fiscal year ends March 31. The Company’s fiscal
year is identified by the year in which it ends.
2. Results restated retroactively owing to a structural
reorganization in fiscal 1997. Net sales, orders and orderbacklog of LCD production equipment—formerly part ofComputer Systems—have been included in the results of
Semiconductor Production Equipment to facilitate year-onyear comparison.

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

注）1. 当社は3月末日を決算日としています。各会計年度は、営業期間の終了した年を表記しています。
2.ＦＹ１９９７の組織変更に伴い、従来コンピュータ・システム部門にあった液晶製造装置関連の売上高、受注高及び受注残高については、
過去に遡り半導体製造装置部門へ組み替えて表示しています。

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

TEL’S ELECTRONIC COMPONENTS [EC] TELの電子部品部門

TEL’S COMPUTER NETWORK [CN] TELのコンピュータ・ネットワーク部門

EC SalesOrders and Order Backlog

CN SalesOrders and Order Backlog

電子部品部門売上高

受注高及び受注残高

CN 部門売上高

受注高及び受注残高(Millions of yen 百万円)

(Millions of yen 百万円)

(Millions of yen 百万円)

(Millions of yen 百万円)

100,000

100,000

20,00020,00075,00075,00015,00015,00050,00050,00010,00010,00025,00025,000

5,000

5,000

0

0

0
’96

’97

’98

’99

’00

’01

’96

Non-consolidated 単体
Consolidated 連結

’97

’98

’99

’00

’01

0
’96

’97

’98

’99

’00

’01

’96

Non-consolidated 単体
Consolidated 連結（Non-consolidated 単体）
Orders 受注
Order backlog 受注残1996

52,50052,478

1997

55,89562,500...................................................................................
...................................................................................

1998

36,76160,139...................................................................................

1999

14,811

57,734

2000—

72,051

2001—

89,211...................................................................................
...................................................................................
...................................................................................

Fiscal year
年度

’99

’00

9

’01

（Consolidated 連結）
Orders 受注
Order backlog 受注残(Millions of yen 百万円)
OrdersOrder backlog
受注

受注残(Non-consolidated 単体)...................................................................................

1996

58,771

12,466

1997

47,338

3,909

1998

35,5692,717...................................................................................
...................................................................................

(Millions of yen 百万円)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

1996

14,48014,314

1997

14,45914,408...................................................................................
...................................................................................

1998

15,532

15,262...................................................................................

1999

13,044

12,878...................................................................................

2000

12,573

12,357(Consolidated 連結)...................................................................................

2001

14,267

14,054...................................................................................

1999

’98

（Non-consolidated 単体）
Orders 受注
Order backlog 受注残（Consolidated 連結）
Orders 受注
Order backlog 受注残(Millions of yen 百万円)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

’97

12,093—

2000

77,558

11,968

2001

89,178

11,937...................................................................................
...................................................................................
...................................................................................

...................................................................................

年度(Millions of yen 百万円)
OrdersOrder backlog
受注

受注残(Non-consolidated 単体)...................................................................................

1996

14,868

5,685

1997

13,686

4,911

1998

15,039

4,417

1999

11,6072,980...................................................................................
...................................................................................
...................................................................................
...................................................................................
(Consolidated 連結)...................................................................................

2000

13,150

3,767

2001

15,476

5,190...................................................................................

...................................................................................

Notes: 1. TEL’s fiscal year ends March 31. The Company’s fiscal
3. In the past, TEL released orders received and orders
backlog data only on a non-consolidated basis. As of theyear is identified by the year in which it ends.
2. Results restated retroactively owing to a structural
fiscal year ended March 31, 2000, this data is expressed onreorganization in fiscal 1997. Net sales, orders and ordera consolidated basis.
backlog of LCD production equipment—formerly part of
4. On April 1, 2000, the Computer Systems Division changed
Computer Systems—have been included in the results of
its name to the Computer Network Division.
Semiconductor Production Equipment to facilitate year-onyear comparison.

Fiscal year...................................................................................

注）1. 当社は 3 月末日を決算日としています。各会計年度は、営業期間の終了した年を表記しています。
2.ＦＹ１９９７の組織変更に伴い、従来コンピュータ・システム部門にあった液晶製造装置関連の売上高、受注高及び受注残高については、
過去に遡り半導体製造装置部門へ組み替えて表示しています。

3. 当社は受注高及び受注残高については単体のデータのみ開示してきましたが、2000年3月期より連結のデータを開示しています。
4. コンピュータ・システム部門は、2000年4月1日付でコンピュータ・
ネットワーク部門に呼称変更しています。

FINANCIAL DATA 財務データ

Net Sales

Orders and Order Backlog

R&D Expenses

Capital Expenditures

Depreciation Expenses

売上高

受注高及び受注残高

研究開発費

設備投資額

減価償却費

(Millions of yen 百万円)

(Millions of yen 百万円)

(Millions of yen 百万円)

(Millions of yen 百万円)

(Millions of yen 百万円)

800,000

800,000

60,00060,00024,000600,000

600,000

45,00045,00018,000400,000

400,000

30,00030,00012,000200,000

200,000

15,00015,000

6,000

0

0

10

’96

’97

’98

’99

’00

’01

Non-consolidated 単体
Consolidated 連結

0

0
’96

’97

’98

’99

’00

’01

’96

’97

’98

’99

’00

Non-consolidated 単体
Consolidated 連結（Non-consolidated 単体）
Orders 受注
Order backlog 受注残

0
’96

’01

’97

’98

’99

’00

’01

’96

Non-consolidated 単体
Consolidated 連結

’97

’98

’99

’00

’01

Non-consolidated 単体
Consolidated 連結（Consolidated 連結）
Orders 受注
Order backlog 受注残(Millions of yen 百万円)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

1996

402,407

401,775

1997

423,570

432,785

1998

423,752

455,585

1999

266,397

313,820...................................................................................
...................................................................................
...................................................................................
...................................................................................

2000

364,212440,729

2001

626,807723,880...................................................................................
...................................................................................

(Millions of yen 百万円)
OrdersOrder backlog(Millions of yen 百万円)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

(Millions of yen 百万円)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

(Millions of yen 百万円)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

1996

4,052

17,277

1996

5,765

24,831

1996

3,445

7,730

1997

2,779

20,988

1997

6,473

21,035

1997

3,552

10,357

1998

3,654

26,813

1998

14,16939,002

1998

4,414

13,125

1999

5,161

26,842

1999

5,863

17,452

1999

5,629

19,290...................................................................................

2000

13,85837,135

2000

3,124

18,999

2000

5,719

19,446(Consolidated 連結)...................................................................................

2001

18,58052,911

2001

5,420

49,403

2001

5,634

21,679Fiscal year
年度

受注

受注残

(Non-consolidated 単体)...................................................................................

1996

524,865

253,486

1997

348,888

178,805...................................................................................
...................................................................................

1998

376,519

131,571

1999

221,792

86,966...................................................................................

2000

612,399

265,281

2001

733,843

275,244...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

...................................................................................
...................................................................................

Notes: 1. TEL’s fiscal year ends March 31. The Company’s fiscal
year is identified by the year in which it ends.
2. In the past, TEL released orders received and orders
backlog data only on a non-consolidated basis. As of the
fiscal year ended March 31, 2000, this data is expressedon a consolidated basis.

3. Prior to 1999, figures for capital expenditures anddepreciation expenses were listed under Group Data, which
included figures for non-consolidated subsidiaries.

注）1. 当社は 3 月末日を決算日としています。各会計年度は、営業期間の終了した年を表記しています。
2. 当社は受注高及び受注残高については単体のデータのみ開示してきましたが、2000年3月期より連結のデータを開示しています。
3. 設備投資額・減価償却費について、1999年までは非連結子会社を含むグループのデータを表記しています。

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Cash Flow

Number of Employees

Net Income per Person

キャッシュフロー

従業員数

１人当り当期利益

Balance of Financial Revenue
and Expense

Interest Coverage Ratio
インタレスト・カバレッジ・レシオ

金融収支(Millions of yen 百万円)

(人)(Millions of yen 百万円)

(Millions of yen 百万円)

(Times 倍)

100,000

12,000

28

3,000

60

75,000

9,000

21

1,500

45

50,000

6,000

14

0

30

25,0003,000

7–1,500

15

0

0
’96

’97

’98

’99

’00

’01

Non-consolidated 単体
Consolidated 連結–3,000

0
’96

’97

’98

’99

’00

’01

’96

’97

’98

’99

’00

’01

Non-consolidated 単体
Consolidated 連結

Non-consolidated 単体
Consolidated 連結
Group グループ

0
’96

’97

’98

’99

’00

11

’01

’96

Non-consolidated 単体
Consolidated 連結

’97

’98

’99

’00

’01

Non-consolidated 単体
Consolidated 連結(Millions of yen 百万円)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

Fiscal(People 人)
year
Non-consolidated Consolidated Group
年度
単体
連結
グループ
...................................................................................

(Millions of yen 百万円)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

(Millions of yen 百万円)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

(Times 倍)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

1996

27,97838,694

1996

1,372

5,616

6,139

1996

17.88

5.51

1996

929

(658)

1996

31.4

35.8

1997

31,23940,142

1997

1,242

6,277

6,979

1997

22.29

4.77

1997

1,776

(1,012)

1997

31.7

28.6

1998

32,19742,661

1998

1,265

7,287

8,233

1998

21.96

4.11

1998

2,755

(102)

1998

44.8

32.9

1999

12,133

19,787

1999

1,218

7,835

8,567

1999

5.33

0.23

1999

1,730

(1,251)

1999

4.8

3.4

2000

13,84839,294

2000

1,227

8,946

—

2000

6.62

2.21

2000

1,827

(1,687)

2000

11.1

18.4

2001

36,56883,691

2001

1,239

10,236

—

2001

24.96

6.06

2001

673

(1,712)

2001

36.5

51.1

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Cash flow = Net income + depreciation
キャッシュフロー＝当期利益＋減価償却費

Note: TEL’s fiscal year ends March 31. The Company’s fiscal year is
identified by the year in which it ends.
注）当社は３月末日を決算日としております。各会計年度は、営業期間の終了した年を表記しています。

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Balance of financial revenue and expense = Interest anddividend income − (interest expenses + debt service
expenses)
金融収支＝受取利息及び配当金−支払利息及び割引料（円）...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Interest coverage ratio = (Operating income + interest anddividend income)/(interest expenses + debt service
expenses)
インタレスト・カバレッジ・レシオ＝（営業利益＋受取利息及び配当金）÷支払利息及び割引料（倍）Current Ratio

Working Capital

Shareholder’s Equity

Equity Ratio

Debt-to-Equity Ratio

流動比率

運転資本

株主資本

株主資本比率デット・エクイティ・レシオ

(%)(Millions of yen 百万円)

(Millions of yen 百万円)(%)

(Times 倍)

500

320,000

360,000

70

0.80

400

240,000

270,000

60

0.60

300

160,000

180,000

50

0.40

200

80,00090,000

40

0.20

~

~
12

0

0
’96

’97

’98

’99

’00

’01

0
’96

Non-consolidated 単体
Consolidated 連結

’97

’98

’99

’00

’01

Non-consolidated 単体
Consolidated 連結

’97

’98

’99

’00

0

’01

’96

Non-consolidated 単体
Consolidated 連結

’97

’98

’99

’00

’01

’96

Non-consolidated 単体
Consolidated 連結

’98

’99

’00

’01

(Times 倍)Consolidated(Millions of yen 百万円)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

年度
単体
連結
...................................................................................

(%)
Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

年度
単体
連結
...................................................................................

1996

259.6

258.0

1996

196,652

195,0881996

169,444

180,842

1996

45.2

45.2

1996

0.63

0.65

1997

319.6

289.2

1997

197,248

191,154

1997

194,434

207,476

1997

56.0

53.6

1997

0.49

0.56

1998

317.7

257.8

1998

251,693

228,368

1998

246,787

261,009

1998

56.1

52.9

1998

0.43

0.52

1999

468.0

421.0

1999

250,458

221,693

1999

249,695

257,716

1999

63.3

62.1

1999

0.39

0.47

2000

297.4

256.2

2000

241,219

228,699

2000

258,380

273,603

2000

58.3

54.8

2000

0.34

0.42

2001

251.5

229.9

2001

293,223

309,800

2001

285,638

333,281

2001

47.5

45.7

2001

0.45

0.55

Non-consolidated...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Current ratio = (Current assets/current liabilities) × 100
流動比率＝流動資産÷流動負債×100（％）...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Working capital = Current assets − current liabilities
運転資本＝流動資産−流動負債

Note: TEL’s fiscal year ends March 31. The Company’s fiscal year is
identified by the year in which it ends.
注）当社は３月末日を決算日としております。各会計年度は、営業期間の終了した年を表記しています。

Fiscal year

(Millions of yen 百万円)
Non-consolidated Consolidated’97

Non-consolidated 単体
Consolidated 連結

年度
単体
連結
...................................................................................

Fiscal year(%)
Consolidated

0’96...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Equity ratio = (Shareholders’ equity/total liabilities andshareholder’s equity) × 100
株主資本比率＝株主資本÷総資本×100（％）

Fiscal year

Non-consolidated...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Debt-to-equity ratio = (Average short-term debt + average
long-term debt)/ average shareholders’ equity
デット・エクイティ・レシオ＝（期首・期末平均短期有利子負債＋期首・期末平均長期有利子負債）
÷期首・期末平均株主資本（倍）Net Income per Share

Cash Flow per Share

Shareholders’ Equity per Share

Cash Dividends per Share

Payout Ratio

一株当り当期利益

一株当りキャッシュフロー

一株当り株主資本

一株当り配当金

配当性向(Yen 円)(Yen 円)(Yen 円)(Yen 円)

(%)

400

480

2,000

40

120

300

360

1,500

30

90

200

240

1,000

20

60

100

120

500

10

30

0

0
’96

’97

’98

’99

’00

0

’01

’96

Non-consolidated 単体
Consolidated 連結

’97

’98

’99

’00

’01

0
’96

Non-consolidated 単体
Consolidated 連結

’97

’98

’99

’00

0

’01

’96

Non-consolidated 単体
Consolidated 連結

’97

’98

’99

’00

13

’01

’96

Actual 調整前
Adjusted 調整後

’97

’98

’99

’00

’01

Non-consolidated 単体
Consolidated 連結(Yen 円)Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

(Yen 円)Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

(Yen 円)Fiscal year
Non-consolidated Consolidated
年度
単体
連結...................................................................................

(Yen 円)Fiscal year
ActualAdjusted
年度
調整前
調整後...................................................................................

年度
単体
連結
...................................................................................

1996

148.99188.051996

169.91

234.991996

1,028.95

1,098.18

1996

24.00

21.82

1996

14.64

11.60

1997

168.07181.97

1997

189.64243.681997

1,176.91

1,255.88

1997

28.00

25.45

1997

15.16

14.01

1998

161.69174.68

1998

187.38248.33

1998

1,413.70

1,495.20

1998

30.00

30.00

1998

18.73

17.34

1999

37.25

10.70

1999

69.50

113.46

1999

1,429.91

1,477.93

1999

12.00

12.00

1999

32.17

112.14

2000

46.42

113.53

2000

79.08

224.752000

1,470.91

1,560.27

2000

14.00

14.00

2000

30.16

12.35

2001

176.08353.762001

208.15477.202001

1,625.80

1,901.38

2001

38.00

38.00

2001

21.53

10.74

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Net income per share = Net income/average total numberof shares issued
一株当り当期利益＝当期利益
÷期中平均発行済株式総数（円）...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Cash flow per share = Cash flow/average total number ofshares issued
一株当りキャッシュフロー＝キャッシュフロー
÷ 期中平均発行済株式総数（円）Notes: 1. TEL’s fiscal year ends March 31. The Company’s fiscal
year is identified by the year in which it ends.
2. Per share amounts prior to 1998 have been restated toreflect a 1.1-for-1 stock split.

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Shareholders’ equity per share = Shareholders’equity/ total
number of shares issued
一株当り株主資本＝期末株主資本
÷ 期末発行済株式総数（円）注）1. 当社は3月末日を決算日としています。各会計年度は、営業期間の終了した年を表記しています。
2. 1997年以前の一株当り指標は1：1.1の株式分割を遡及調整しています。

...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Fiscal year

Non-consolidated(%)
Consolidated...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................
...................................................................................

Payout ratio = (Total cash dividends /net income ) × 100
配当性向＝配当金額÷当期利益×100（％）

FINANCIAL STATEMENTS 財務諸表

Consolidated Statement of Income (11-Year Summary)
連結損益計算書（11 年間）(Millions of yen 百万円 )
*1

1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
...............................................................................................................................................................................................................................................................................................................................
Net
sales 売上高
108,110 197,297 153,914 189,712 251,683 401,775 432,785 455,585 313,820 440,729 723,880...............................................................................................................................................................................................................................................................................................................................
Cost
of
sales
売上原価
77,619 144,227 121,029 145,877 178,923 270,125 297,546 304,825 225,962 303,839 458,902...............................................................................................................................................................................................................................................................................................................................
30,49153,070 32,885
43,83572,760 131,650 135,239 150,760
87,858 136,890 264,978Grossprofit 売上総利益...............................................................................................................................................................................................................................................................................................................................
Selling,
generalandadministrative
expenses
販売費及び一般管理費
19,76637,76230,05034,06051,186
71,471
81,114
94,237
81,475101,074 143,892...............................................................................................................................................................................................................................................................................................................................
Portion of enterprise tax included in selling, general and administrative expenses
販売費及び一般管理費に含まれる事業税*3
1,266
1,737
700
1,123
2,851
7,575
6,264
6,773
—
—
—
...............................................................................................................................................................................................................................................................................................................................
Operating income (loss) 営業利益（損失）10,72515,3082,835
9,775
21,574 60,179
54,12456,522
6,383
35,816 121,086
Fiscal year （年度）

14

Other
income (expenses) 営業外収益（費用）
(733)
273
1,860
169
(1,777) (2,656)98(462)(345) (6,127) (21,954)...............................................................................................................................................................................................................................................................................................................................
Interestanddividend
income
受取利息及び配当金
859
3,844
3,624
2,128
2,436
1,053
909
1,664
898
276
669
...............................................................................................................................................................................................................................................................................................................................
Interest expenses 支払利息
(1,134) (2,645) (2,563) (2,245) (2,045) (1,711) (1,870) (1,640) (2,003) (1,960)(2,378)...............................................................................................................................................................................................................................................................................................................................
その他の収支
(458)
(926)
799
286
(2,168)(1,998)
1,059
(486)
760
(4,443)(20,245)
Other,
net...............................................................................................................................................................................................................................................................................................................................
Income(loss) before income taxes 税引前当期利益（損失）9,992
15,581
4,695
9,944
19,797 57,523
54,22256,0606,038
29,68999,132...............................................................................................................................................................................................................................................................................................................................
4,452
6,964
2,852
4,500
10,310 26,873
24,247
26,051
4,167
9,836
37,099Provisionfor income taxes 法人税等*3, 4...............................................................................................................................................................................................................................................................................................................................
Equityin income (loss) of affiliates 持分法による投資損益
106
(184)
(223)
(313)
194
314
—
—
—
—
—
...............................................................................................................................................................................................................................................................................................................................
Foreigncurrency translation adjustment and other 為替換算調整勘定等
(117)
(82)
172
(2)
50
—
—
—
—
—
—
...............................................................................................................................................................................................................................................................................................................................
—
—
—
—
—
—
—
5
5
21
Minority
interest 少数株主持分...............................................................................................................................................................................................................................................................................................................................
Net income (loss) 当期純利益（損失）5,529

Notes: 1. The Company’s fiscal year is identified by the year in which 3. Enterprise taxes, formerly included in selling, general andit ends. Until 1990, the Company’s fiscal year ended on
administrative expenses, are included in provision for
September 30. Since 1991, the Company’s fiscal year has
income taxes from 1999.
ended on March 31. Consequently, fiscal 1991 is the six- 4. TEL began using tax-effect accounting during the fiscal year
month period from October 1, 1990 to March 31, 1991.
ended March 31, 2000. Consequently, adjustments to
2. Certain parts of the fiscal 1997 financial statements haveincome and enterprise taxes are included.
been reclassified. Prior year amounts have been restated toconform with the fiscal 1997 presentation.

8,351

1,792

5,129

9,731

注）1. 各会計年度は、営業期間の終了した年を表記しています。なお、決算期の変更により1990年までは９月決算、1991年以降は３月決算となっています。従って、1991年は1990年10月から1991年３月までの６カ月間となっています。
2. 1997年より勘定科目の区分を一部変更しています。これに合わせてそれ以前のデータも組み替えを行っています。

30,96429,97530,0091,866

3. 販売費及び一般管理費に含めて表示していました事業税を1999年より法人税等に含めて表示しています。
4. 2000年3月期より税効果会計を導入しています。なお法人税等には調整額を含めて表示しています。

19,84862,012

Non-Consolidated Statement of Income (11-Year Summary)
単体損益計算書（11 年間）(Millions of yen 百万円 )
*1

1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
...............................................................................................................................................................................................................................................................................................................................
Operating income (loss) 営業損益の部
Net
sales 売上高
107,678 196,335 153,724 189,716 251,853 402,407 423,570 423,752 266,397 364,212 626,807...............................................................................................................................................................................................................................................................................................................................
81,746 151,437 126,834 158,404 206,162 320,527 345,905 341,931 236,783 315,125 518,655
Cost of sales 売上原価...............................................................................................................................................................................................................................................................................................................................
Gross
profit
売上総利益
25,93244,897 26,890
31,312
45,691 81,879
77,664
81,821 29,613
49,087 108,152...............................................................................................................................................................................................................................................................................................................................
Selling, general and administrative expenses 販売費及び一般管理費
16,75931,478 24,507
24,491
29,126 36,522
33,32135,460 25,496
35,15149,095...............................................................................................................................................................................................................................................................................................................................
Portion of enterprise tax included in selling, general and administrative expenses
販売費及び一般管理費に含まれる事業税*3
1,117
1,687
628
1,095
2,371
6,109
5,484
6,222
—
—
—
...............................................................................................................................................................................................................................................................................................................................
Operating income (loss) 営業利益
9,172
13,4192,382
6,821
16,564 45,357
44,342
46,360
4,117
13,93659,056
Fiscal year （年度）

Other income (expenses) 営業外損益の部
Otherincome 営業外収益
2,522
7,014
6,880
4,942
5,766
5,440
6,539
7,968
7,129
6,628
4,811
...............................................................................................................................................................................................................................................................................................................................
受取利息及び配当金
1,537
4,822
4,596
2,779
3,168
2,451
3,277
3,876
3,281
3,394
2,356
Interestanddividend
income...............................................................................................................................................................................................................................................................................................................................
Other その他
984
2,191
2,283
2,163
2,597
2,989
3,262
4,092
3,848
3,234
2,455
...............................................................................................................................................................................................................................................................................................................................
Other
expenses
営業外費用
1,573
4,217
3,203
3,412
3,716
2,888
2,632
2,669
3,498
4,083
4,169
...............................................................................................................................................................................................................................................................................................................................
976
2,342
2,352
2,084
1,891
1,521
1,450
994
1,403
1,563
1,680
Interest expenses 支払利息...............................................................................................................................................................................................................................................................................................................................
Other
その他
597
1,875
850
1,327
1,824
1,366
1,182
1,674
2,095
2,519
2,488
...............................................................................................................................................................................................................................................................................................................................
Ordinary income 経常利益

10,121

16,215

6,059

8,351

18,613

47,91048,25051,6607,748

16,481

59,698

Unusual or infrequent income 特別損益の部
Unusualor infrequent income 特別利益
2
431
115
1,335
1
64
188
38
430
550
492
...............................................................................................................................................................................................................................................................................................................................
Unusualorinfrequentlosses
特別損失
763
1,579
387
1,427
2,282
2,711
455
1,184
296
3,792
6,957
...............................................................................................................................................................................................................................................................................................................................
Incomebefore income taxes 税引前当期利益
9,360
15,0685,787
8,258
16,333 45,262
47,98250,513
7,882
13,23953,234...............................................................................................................................................................................................................................................................................................................................
*3, 4
Provisionfor income taxes 法人税等
4,047
6,795
2,615
4,354
8,622
20,73020,296
22,731
1,378
5,110
22,299...............................................................................................................................................................................................................................................................................................................................
Net income 当期利益
5,313
8,273
3,172
3,904
7,711
24,532
27,68627,782
6,503
8,128
30,934
Notes: 1. The Company’s fiscal year is identified by the year in which 3. Enterprise taxes, formerly included in selling, general andit ends. Until 1990, the Company’s fiscal year ended on
administrative expenses, are included in provision for
September 30. Since 1991, the Company’s fiscal year has
income taxes from 1999.
ended on March 31. Consequently, fiscal 1991 is the six- 4. TEL began using tax-effect accounting during the fiscal year
month period from October 1, 1990 to March 31, 1991.
ended March 31, 2000. Consequently, adjustments to
2. Certain parts of the fiscal 1997 financial statements haveincome and enterprise taxes are included.
been reclassified. Prior year amounts have been restated toconform with the fiscal 1997 presentation.

注）1. 各会計年度は、営業期間の終了した年を表記しています。なお、決算期の変更により1990年までは９月決算、1991年以降は３月決算となっています。従って、1991年は1990年10月から1991年３月までの６カ月間となっています。
2. 1997年より勘定科目の区分を一部変更しています。これに合わせてそれ以前のデータも組み替えを行っています。

3. 販売費及び一般管理費に含めて表示していました事業税を1999年より法人税等に含めて表示しています。
4. 2000年3月期より税効果会計を導入しています。なお法人税等には調整額を含めて表示しています。

15

Consolidated Balance Sheet (11-Year Summary)
連結貸借対照表（11 年間）(Millions of yen 百万円 )
*1

1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
...............................................................................................................................................................................................................................................................................................................................
ASSETS 資産の部
Fiscal year （年度）

Current assets 流動資産
Cash and cash equivalents 現金及び預金
5,285
69,670 63,770
75,44881,687 49,336
31,016
71,057 46,910
79,51965,320...............................................................................................................................................................................................................................................................................................................................
Marketable securities 有価証券
1,082
1,762
1,064
1,064
1,010
985
978
835
835
835
—
...............................................................................................................................................................................................................................................................................................................................
受取手形・売掛金・未収金
122,815
88,10576,271
93,797
118,434
191,242
180,648
192,005
140,746
175,153
302,953
Trade
notes
and
accounts
receivable...............................................................................................................................................................................................................................................................................................................................
Allowance for doubtful accounts 貸倒引当金(1,366)(844)(758)(934) (1,140) (1,810) (1,692) (1,822) (1,134) (1,029)(1,720)...............................................................................................................................................................................................................................................................................................................................
Inventories
棚卸資産
36,09135,03938,80338,00047,24774,58776,335
100,372
88,085
112,481
161,981...............................................................................................................................................................................................................................................................................................................................
—
—
—
—
—
—
—
—
—
5,306
12,659Deferred tax assets 繰延税金資産...............................................................................................................................................................................................................................................................................................................................
Prepaid expenses and other current assets 前払費用及びその他の流動資産
13,567
4,107
4,009
5,577
4,621
4,260
4,901
10,636 15,306
2,892
7,048
Total current assets 流動資産合計
177,474 197,839 183,159 212,952 251,859 318,600 292,186 373,083 290,748 375,157 548,241
16

Investments and other assets 投資その他の資産
Foreign currency translation adjustments 為替換算調整勘定

20,25824,982

22,194

18,497

21,11523,33628,76533,61832,06325,52256,549

55

41

48

92

100

—

—

—

—

1,094

—

Property, plant and equipment 有形固定資産
Land 土地
7,969
7,969
8,472
8,331
8,839
10,135
10,306
13,678 17,163
16,554
19,698...............................................................................................................................................................................................................................................................................................................................
Buildings
建物28,28828,90032,19337,271
41,541
48,66656,94973,847
81,527
89,795
106,753...............................................................................................................................................................................................................................................................................................................................
Machinery and equipment 機械及び装置
15,301
16,472 18,184
22,51627,524 29,790
38,55546,967 62,777
67,52084,607...............................................................................................................................................................................................................................................................................................................................
Construction in progress 建設仮勘定
148
4
1,196
24
206
3,955
2,504
4,181
97
877
853
Total property, plant and equipment 有形固定資産合計
51,70653,345 60,045
68,142
78,110 92,546 108,314 138,673 161,564 174,746 211,911...............................................................................................................................................................................................................................................................................................................................
Accumulated depreciation 減価償却累計額(19,933) (21,451) (27,040) (30,494) (32,909) (34,432) (42,188) (51,774) (69,472) (77,020) (87,190)
Net property, plant and equipment 有形固定資産合計（帳簿価額）
31,77331,894 33,005
37,64845,201 58,114
66,12686,899 92,092
97,726 124,721
Total assets 資産合計

229,560

254,756

238,406

269,189

restated to conform with the fiscal 1997
Notes: 1.TEL’s fiscal year ends March 31. The Company’s
year has ended on March 31. Consequently, fiscal
fiscal year is identified by the year in which it ends.
1991 is the six-month period from October 1, 1990
presentation.
3. Short-term loans to subsidiaries and affiliates until
Until 1990, the Company’s fiscal year ended on
to March 31, 1991.
September 30. Since 1991, the Company’s fiscal
2. Certain parts of the fiscal 1997 statements have1999 are included in other current assets.
been reclassified. Prior year amounts have been

318,275

400,050

387,077

493,600

注）1. 各会計年度は、営業期間の終了した年を表記しています。
なお、決算期の変更により1990年までは９月決算、1991年以降
は３月決算となっています。従って、1991年は1990年10月から
1991年３月までの６カ月間となっています。

414,903499,499

729,511

2. 1997年より勘定科目の区分を一部変更しています。これに合わせてそれ以前のデータも組み替えを行っています。
3. 1999年以前の関係会社短期貸付金はその他の流動資産に含まれています。

Consolidated Balance Sheets (10-year summary)
連結貸借対照表（10 年間）(Millions of yen 百万円 )
*1

1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
...............................................................................................................................................................................................................................................................................................................................
LIABILITIES AND SHAREHOLDERS’ EQUITY 負債及び資本の部
Fiscal year （年度）

Current
liabilities 流動負債...............................................................................................................................................................................................................................................................................................................................
Short-termborrowings and commercial paper 短期借入金及びコマーシャルペーパー 27,152
11,281 12,156
9,258
3,866
19,393
12,06656,917 21,657
23,99878,462...............................................................................................................................................................................................................................................................................................................................
88
16,282——
39,6859,000
17,9199,358
1,536
32,6992,970
Current portion of long-term debt 一年以内償還予定社債・長期借入金...............................................................................................................................................................................................................................................................................................................................
Trade
notes
and
accounts
payable
輸入支払手形・買掛金・未払金
25,72519,012
21,231
29,40336,96358,18746,04948,73436,23562,57487,350...............................................................................................................................................................................................................................................................................................................................
Accrued income taxes 未払法人税・事業税等
5,976
2,477
1,424
4,092
11,010 27,554
15,514
18,818
1,488
11,84341,440...............................................................................................................................................................................................................................................................................................................................
賞与引当金
2,920
3,237
2,478
2,596
4,285
4,781
5,410
6,507
4,117
7,375
10,948
Allowancefor
employees'
bonuses...............................................................................................................................................................................................................................................................................................................................
Accrued expenses and other current liabilities 未払費用及びその他の流動資産
2,031
3,249
2,562
3,165
3,773
4,596
4,074
4,381
4,022
7,969
17,271
Total current liabilities 流動負債合計
63,89255,538 39,851
48,514
99,582 123,511 101,032 144,715
69,055 146,458 238,441
25,28249,485 49,707
68,43958,596 87,834
70,59277,657 77,709
67,278 126,348
Long-term debt, less current portion 社債及び長期借入金...............................................................................................................................................................................................................................................................................................................................
Allowanceforretirement
andseverance
benefits
退職給与引当金
2,778
3,155
3,433
3,907
5,972
7,075
7,028
8,362
9,344
11,58129,807...............................................................................................................................................................................................................................................................................................................................
Other non-current liabilities その他の固定負債
1,410
2,698
1,105
2,181
858
423
105
141
777
545
1,576
Total liabilities 負債合計
93,362 110,876
94,096 123,041 165,008 218,843 178,757 230,875 156,885 225,862 396,172
Foreign currency translation adjustment 為替換算調整勘定

—

—

—

—

—

365

844

1,716

276

—

—

Minority interest 少数株主持分

—

—

—

—

—

—

—

—

26

34

58

Shareholders’ equity 資本
Common stock 資本金
28,872
29,611 29,867
29,867
29,867 29,922
30,75545,445 45,532
47,16347,213...............................................................................................................................................................................................................................................................................................................................
Additional paid-in capital 資本準備金
51,942
52,681 52,937
52,93752,937 52,991
53,82368,507 68,594
70,22570,275...............................................................................................................................................................................................................................................................................................................................
Legal
reserve
利益準備金
2,131
2,339
2,561
2,775
3,000
3,300
3,739
4,228
—
—
—
...............................................................................................................................................................................................................................................................................................................................
Retained earnings その他の剰余金
53,322
59,256 58,953
60,57567,468 94,640 119,175 142,854 144,715 157,876 214,920...............................................................................................................................................................................................................................................................................................................................
Unrealized
gains
onsecurities
その他有価証券評価差額金
—
—
—
—
—
—
—
—
—
—
1,658
...............................................................................................................................................................................................................................................................................................................................
Foreign currency translation adjustment 為替換算調整勘定
—
—
—
—
—
—
—
—
—
—
2,734
...............................................................................................................................................................................................................................................................................................................................
Treasury stock at cost 自己株式
(69)
(7)
(8)
(6)
(5)
(11)
(16)
(25) (1,125) (1,661)(3,519)Total shareholders’ equity 資本合計
136,198 143,880 144,310 146,148 153,267 180,842 207,476 261,009 257,716 273,603 333,281
Total liabilities and shareholders’ equity 負債及び資本合計
Notes: 1. The Company’s fiscal year is identified by the year in which
it ends. Until 1990, the Company’s fiscal year ended on
September 30. Since 1991, the Company’s fiscal year has
ended on March 31. Consequently, fiscal 1991 is the sixmonth period from October 1, 1990 to March 31, 1991.

229,560

254,756

238,406

269,189

318,275

400,050

2. Certain parts of the fiscal 1997 financial statements have注）1. 各会計年度は、営業期間の終了した年を表記しています。なお、決been reclassified. Prior year amounts have been restated to
算期の変更により1990年までは９月決算、1991年以降は３月決算とconform with the fiscal 1997 presentation.
なっています。従って、1991年は1990年10月から1991年３月までの６カ月間となっています。

387,077

493,600

414,903

2. 1997年より勘定科目の区分を一部変更しています。これに合わせてそれ以前のデータも組み替えを行っています。

499,499

729,51117

Non-Consolidated Balance Sheet (11-Year Summary)
単体貸借対照表（11 年間）(Millions of yen 百万円 )
*1

1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
...............................................................................................................................................................................................................................................................................................................................
ASSETS 資産の部
Fiscal year （年度）

18

Current assets 流動資産
Cash and time deposits 現金及び預金
4,900
69,053 62,734
75,01180,909 46,465
27,97467,827 41,477
72,63551,420...............................................................................................................................................................................................................................................................................................................................
売掛金・受取手形・未収金
123,695
89,24977,617
94,837
119,064
190,919
176,197
183,428
124,290
155,194
271,659
Trade
notes
and
accounts
receivable...............................................................................................................................................................................................................................................................................................................................
Marketable securities 有価証券
1,082
1,761
1,063
1,063
1,009
984
977
834
834
834
—
...............................................................................................................................................................................................................................................................................................................................
Inventories
棚卸資産
27,52029,47930,73026,55523,45230,937
29,13035,976
27,07527,61039,608...............................................................................................................................................................................................................................................................................................................................
8,010
5,940
10,875
21,52433,273 49,472
51,361
77,059 123,159 105,014 112,875
Short-term loans to subsidiaries and affiliates 関係会社短期貸付金...............................................................................................................................................................................................................................................................................................................................
Allowancefordoubtfulaccounts
貸倒引当金(1,347)(899)(847)(1,114)(1,444)(2,277)(2,148)(2,427) (1,848) (1,563)(1,774)...............................................................................................................................................................................................................................................................................................................................
Prepaid expenses and other current assets 前払費用及びその他の流動資産
11,835
2,599
1,232
1,699
3,104
3,338
3,563
4,612
3,529
3,707
13,026
Total current assets 流動資産合計
175,695 197,182 183,404 219,575 259,369 319,840 287,055 367,311 318,519 363,433 486,815

Fixed assets 固定資産
Net
property, plant and equipment 有形固定資産
23,94523,985 23,443
24,012
26,405 26,115
28,702
38,576 38,665
36,10033,735...............................................................................................................................................................................................................................................................................................................................
Buildings
建物等
12,278
11,827
10,712
11,053
10,515
10,45012,523
20,396
18,727
16,70013,029...............................................................................................................................................................................................................................................................................................................................
4,009
4,649
3,532
5,248
7,518
5,400
6,024
6,619
6,619
6,018
5,806
Machinery and equipment 機械装置等...............................................................................................................................................................................................................................................................................................................................
Land
土地
7,509
7,508
8,011
7,688
8,195
9,106
9,054
11,372
13,31813,318
14,835...............................................................................................................................................................................................................................................................................................................................
Construction in progress 建設仮勘定
147
—
1,186
21
175
1,158
1,100
187
—
64
64
...............................................................................................................................................................................................................................................................................................................................
無形固定資産
104
102
98
171
164
157
274
625
546
3,261
5,878
Intangible
assets...............................................................................................................................................................................................................................................................................................................................
Investments 投資等
24,02926,301 25,454
23,40725,283 28,677
31,21833,351 36,695
40,482
74,986
Total fixed assets 固定資産合計
48,07950,390 48,995
47,591
51,853 54,950
60,19572,553 75,907
79,844 114,600
Total assets 資産合計

223,774

Notes: 1. The Company’s fiscal year is identified by the year in which 2. Certain parts of the fiscal 1997 financial statements haveit ends. Until 1990, the Company’s fiscal year ended on
been reclassified. Prior year amounts have been restated to
September 30. Since 1991, the Company’s fiscal year has
conform with the fiscal 1997 presentation.
ended on March 31. Consequently, fiscal 1991 is the sixmonth period from October 1, 1990 to March 31, 1991.

247,572

232,400

267,167

311,222374,790注）1. 各会計年度は、営業期間の終了した年を表記しています。なお、決算期の変更により1990年までは９月決算、1991年以降は３月決算となっています。従って、1991年は1990年10月から1991年３月までの６カ月間となっています。
2. 1997年より勘定科目の区分を一部変更しています。これに合わせてそれ以前のデータも組み替えを行っています。

347,251

439,864

394,427

443,278

601,416

Non-Consolidated Balance Sheets (11-year summary)
非連結貸借対照表（11 年間）(Millions of yen 百万円 )
*1

1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
...............................................................................................................................................................................................................................................................................................................................
LIABILITIES AND SHAREHOLDERS’ EQUITY 負債及び資本の部
Fiscal year （年度）

Current liabilities 流動負債
Trade notes and accounts payable 輸入支払手形・買掛金・未払金
31,272
23,506 26,620
38,39547,026 75,308
54,426
61,603 55,007
82,446 120,036...............................................................................................................................................................................................................................................................................................................................
Short-term bank loans and commercial paper 短期借入金及びコマーシャルペーパー 23,352
7,181
7,719
6,600
1,508
13,606
1,468
35,457 11,226
951
41,063...............................................................................................................................................................................................................................................................................................................................
一年以内償還予定社債等—
16,282——
39,6859,000
17,919——30,000—Current
portionof
long-term
debt...............................................................................................................................................................................................................................................................................................................................
Accrued income taxes 未払法人税・事業税等
5,296
2,283
1,235
3,900
8,868
21,004
12,916
15,950—5,525
23,518...............................................................................................................................................................................................................................................................................................................................
Allowancefor
employees'
bonuses
賞与引当金
1,941
1,836
1,216
1,204
1,455
1,514
1,425
1,580
824
1,508
2,061
...............................................................................................................................................................................................................................................................................................................................
Accrued expenses and other current liabilities 未払費用及びその他の流動負債
1,851
3,215
2,446
2,973
2,997
2,754
1,651
1,026
1,003
1,783
3,470
Total current liabilities 流動負債合計
63,71354,306 39,238
53,075 101,541 123,188
89,807 115,618
68,061 122,214 193,591
Long-term liabilities 固定負債
Long-term debt,less current portion 社債及び長期借入金等
25,28249,485 49,485
67,40457,719 77,915
59,99074,038 73,064
59,001 112,602...............................................................................................................................................................................................................................................................................................................................
Allowanceforretirement
andseverance
benefits
退職給付引当金*3
1,969
2,106
2,111
2,286
3,347
3,820
2,974
3,375
3,570
3,652
8,878
...............................................................................................................................................................................................................................................................................................................................
Other long-term liabilities その他の固定負債
1,410
2,697
1,104
2,181
858
423
45
45
35
30
705
Total long-term liabilities 固定負債合計
28,66254,290 52,701
71,871
61,924 82,158
63,00977,459 76,670
62,683 122,185
Shareholders’ equity 資本
Common stock 資本金
28,872
29,611 29,867
29,867
29,867 29,922
30,75545,444 45,531
47,16347,212...............................................................................................................................................................................................................................................................................................................................
Requiredreserve
法定準備金54,07355,02055,49755,71255,93756,29057,56272,73473,20675,05275,585...............................................................................................................................................................................................................................................................................................................................
Additional paid-in capital 資本準備金
51,942
52,680 52,937
52,93752,937 52,991
53,82368,506 68,593
70,22570,274...............................................................................................................................................................................................................................................................................................................................
Legal
reserve
利益準備金
2,131
2,339
2,560
2,775
3,000
3,299
3,739
4,227
4,612
4,827
5,310
...............................................................................................................................................................................................................................................................................................................................
Retained earnings 剰余金
48,45354,344 55,096
56,64061,952 83,231 106,118 128,607 130,957 136,164 161,825
Total shareholders’ equity 資本合計
131,399 138,976 140,461 142,220 147,757 169,444 194,435 246,787 249,695 258,380 285,638
Total liabilities and shareholders’ equity 負債及び資本合計

223,774

Notes: 1. The Company’s fiscal year is identified by the year in which
conform with the fiscal 1997 presentation.
it ends. Until 1990, the Company’s fiscal year ended on
3. The Company introduced retirement benefit accounting
from the year ended March 31, 2001. As a result, theSeptember 30. Since 1991, the Company’s fiscal year has
reserve for employees' retirement allowances (shown
ended on March 31. Consequently, fiscal 1991 is the sixon the Balance Sheets up to and including the year
month period from October 1, 1990 to March 31, 1991.
ended March 31, 2000) is now listed as reserve for
2. Certain parts of the fiscal 1997 financial statements have
employees' retirement benefits.
been reclassified. Prior year amounts have been restated to247,572

232,400

267,167

311,222374,790注）1. 各会計年度は、営業期間の終了した年を表記しています。なお、決算期の変更により1990年までは９月決算、1991年以降は３月決算となっています。従って、1991年は1990年10月から1991年３月までの６カ月間となっています。
2. 1997年より勘定科目の区分を一部変更しています。これに合わせてそれ以前のデータも組み替えを行っています。

347,251

439,864

394,427

3. 2001年3月期から退職給付に係る会計基準を適用しています。従って、2000年度までは退職給与引当金、2001年度から退職給付引当金のデータを表記しています。

443,278

601,41619

Consolidated Statement of Cash Flows
連結キャッシュフロー表(Millions of yen

20

百万円 )

Fiscal year （年度）

2000
2001
.............................................................................................................................................................................
Cash flow from operating activities 営業活動によるキャッシュ・フロー

Fiscal year （年度）

Income before income taxes 税金等調整前当期純利益
29,68999,132.............................................................................................................................................................................
Depreciation and amortization 減価償却費
19,446
21,679.............................................................................................................................................................................
Increase in allowance for retirement and severance benefits

Increase in short-term borrowings 短期借入金の純増加額
13,022
23,927.............................................................................................................................................................................
Increase/decrease in commercial paper コマーシャルペーパーの純増減額(10,000)
30,000.............................................................................................................................................................................
5,700
8,671
Proceeds from long-term debt 長期借入による収入.............................................................................................................................................................................
Repayment of long-term debt 長期借入金の返済による支出(2,477)(3,757).............................................................................................................................................................................
Proceeds from issuance of bonds 社債の発行による収入
19,89954,938.............................................................................................................................................................................
—(30,000)
Redemption of unsecured bonds 社債の償還による支出.............................................................................................................................................................................
Increase in treasury stock 自己株式の純増加額(454)(1,859).............................................................................................................................................................................
Dividends paid 配当金の支払額(2,095)(4,733).............................................................................................................................................................................
Others その他
(25)
(5)

退職給付引当金の増加額
2,153
18,228.............................................................................................................................................................................
Increase in allowance for employees’ bonuses 賞与引当金の増加額
3,175
3,482
.............................................................................................................................................................................
1,964
2,381
Interest expenses 支払利息.............................................................................................................................................................................
2,149
2,492
Loss on disposal of fixed assets 固定資産等除却損.............................................................................................................................................................................
Devaluation of investments in securities 投資有価証券評価額—
1,552.............................................................................................................................................................................
1,253
35
Loss from devaluation of golf memberships ゴルフ会員権評価損.............................................................................................................................................................................
(31,675) (121,669)
Increase in trade notes and accounts receivable 売上債権の増加額.............................................................................................................................................................................
Increase in inventories 棚卸資産の増加額(27,196)(53,666).............................................................................................................................................................................
22,416
9,709
Increase in accounts payable 仕入債務の増加額.............................................................................................................................................................................
(3,542)(4,859)
Increase in prepaid consumption tax 未収消費税等の増加額.............................................................................................................................................................................
Others その他
10,695
13,282

Subtotal 小計

30,527(8,222)

Receipts from interest and dividends 利息及び配当金の受取額
280671.............................................................................................................................................................................
Interest paid 利息の支払額(1,923)(2,295).............................................................................................................................................................................
Income taxes paid 法人税等の支払額(3,757)(19,596)
Net cash provided by (used in) operating activities 営業活動によるキャッシュ・フロー

25,127(29,442)

Cash flow from investing activities 投資活動によるキャッシュ・フロー
Payment for purchase of property, plant and equipment 有形固定資産の取得による支出(14,577)(39,155).............................................................................................................................................................................
Payment for acquisition of intangible assets 無形固定資産の取得による支出(4,100)(4,568).............................................................................................................................................................................
—(18,867)
Payment for purchase of newly consolidated subsidiaries 新規連結子会社の取得による支出.............................................................................................................................................................................
Others その他
2,485
231
Net cash used in investing activities 投資活動によるキャッシュ・フロー

Note: From fiscal 2000, TEL presents its consolidated statement ofcash flows in accordance with the format outlined by therevised Securities and Exchange Law.

(16,192)(62,359)

注） 2000年3月期より、改正後の連結財務諸表にもとづいた連結キャッシュフ
ロー表を作成しています。

2000
2001
.............................................................................................................................................................................
Cash flow from financing activities 財務活動によるキャッシュ・フロー

Net cash provided by financing activities 財務活動によるキャッシュ・フロー

23,57077,182

Effect of exchange rate changes on cash and cash equivalents
現金及び現金同等物に係る換算差額
(469)
391
.............................................................................................................................................................................
Net increase/decrease in cash and cash equivalents 現金及び現金同等物の増減額
32,036(14,228).............................................................................................................................................................................
46,761
79,519Cash and cash equivalents at beginning of year 現金及び現金同等物期首残高.............................................................................................................................................................................
Cash and cash equivalents of newly consolidated subsidiaries at beginning of year
新規連結子会社の現金及び現金同等物の期首残高722—.............................................................................................................................................................................
Cash and cash equivalents at end of year 現金及び現金同等物期末残高
79,51965,291STOCK INFORMATION 株式情報

Stock Price Range 株価の推移

No. 2 Unsecured Convertible Bonds 第 2 回無担保転換社債(As of March 31, 2001) （2001 年 3 月 31 日現在）

Dateof issue 発行年月日
April 27, 1994
1994 年 4 月 27 日..........................................................................................................................................................................................................................
Amount
発行額 / Coupon rate 利率¥30 billion / 0.9% per year
300 億円／年 0.9％..........................................................................................................................................................................................................................
Maturity
date 満期
September 30, 2003
2003 年 9 月 30 日..........................................................................................................................................................................................................................
Balance
残高¥15,502 million
15,502 百万円..........................................................................................................................................................................................................................
Conversion
rate
転換率
/
Conversion
price
転換価格
48.33%/¥3,15048.33％／3,150円..........................................................................................................................................................................................................................
Percentage
of potential shares 潜在株式比率
2.8%
2.8%
..........................................................................................................................................................................................................................

(Yen 円)
24,00020,00016,00012,000No. 4 Unsecured Bonds with Warrants 第 4 回無担保新株引受権付社債 (As of March 31, 2001) （2001 年 3 月 31 日現在）

8,000

Date
of issue 発行年月日
June 9, 2000
2000 年 6 月 9 日..........................................................................................................................................................................................................................
Amount
発行額 / Coupon rate 利率¥4.5 billion / 1.59% per year
45 億円／年 1.59％..........................................................................................................................................................................................................................
Expirydate 行使期限
June 8, 2006
2006 年 6 月 8 日..........................................................................................................................................................................................................................
Subscription
ratio 行使率 / Exercise price 行使価格
0% / ¥14,070
0％／14,070 円..........................................................................................................................................................................................................................
Percentage
of potential shares 潜在株式比率
0.18%
0.18%
..........................................................................................................................................................................................................................

4,000

0
1996

1997

1998

1999

2000

2001

The Leading 10 Shareholders in TEL 大株主一覧（上位 10 名） (As of March 31, 2001) （2001 年 3 月 31 日現在）

Year ended March 31
各3月までの1年間

1996

1997

1998

1999

2000

2001

High (yen) 高値（円）

4,290

4,200

8,670

6,630

18,00020,090..........................................................................................................................................................................................................................
Low (yen) 安値（円）
2,118
2,545
3,920
2,755
6,080
6,240
..........................................................................................................................................................................................................................
Note: Prices have been adjusted to reflect stock splits. 注）株式分割調整後の株価。

Number of Shares Issued (Fiscal Year-End) 発行済株式数の推移（期末現在）
Fiscal year
年度

Number of shares issued 千株

1996

1997

1998

1999

2000

2001

149,706

150,189

174,569

174,624

175,660

175,691..........................................................................................................................................................................................................................

Public Offering of Common Stock 公募増資の実績

Name

Shares (thousands)

Percentage

株主名

所有株式数（千株）

持株比率（％）

Tokyo
Broadcasting System, Inc. 株式会社東京放送
13,9387.93..........................................................................................................................................................................................................................
Japan Trustee Services Bank, Ltd. 日本トラスティ・サービス信託銀行株式会社(Trust Account)
（信託口）
9,003
5.12
..........................................................................................................................................................................................................................
The Chase Manhattan Bank N.A. London ザ・チェース・マンハッタン・バンク エヌエイ・ロンドン
Secs
Lending Omnibus Accountエス・エル・オムニバス・アカウント
8,378
4.76
..........................................................................................................................................................................................................................
The
Tokai Bank., Ltd. 株式会社東海銀行
7,011
3.99
..........................................................................................................................................................................................................................
Dai-IchiMutual Life Insurance Co. 第一生命保険相互会社
6,000
3.41
..........................................................................................................................................................................................................................
The
Mitsubishi Trust & Banking Co., Ltd. (Trust Account) 三菱信託銀行株式会社（信託口）
5,474
3.11
..........................................................................................................................................................................................................................
NipponLife Insurance Co. 日本生命保険相互会社
4,444
2.52
..........................................................................................................................................................................................................................
State
Street Bank And Trust Company ステート ストリート バンク アンド トラスト カンパニー
4,101
2.33
..........................................................................................................................................................................................................................
Boston Safe Deposit BSDT ボストン セーフ デポズィット ビーエスディーティー
TreatyClients Omnibus
トリーティー クライアンツ オムニバ
3,756
2.13
..........................................................................................................................................................................................................................
The Chase Manhattan Bank N.A. London ザ・チェース・マンハッタン・バンク エヌエイ・ロンドン
3,589
2.04
Total number of shares 合計

65,69437.34..........................................................................................................................................................................................................................

Public Offering of Common Stock 有償・公募

Date of issue
発行年月日

Subscribedshares(thousands)

Issuing
price
(yen)

発行株式数（千株）発行価格（円）June
2, 1980
1980 年 6 月 2 日
4,131
1,540
.........................................................................................................
July
1,
1981
1981 年 7 月 1 日
2,000
4,730
.........................................................................................................
October
16,
1982
1982 年 10 月 16 日 4,000
3,050.........................................................................................................
May
6,
1983
1983 年 5 月 6 日
202,550.........................................................................................................
June
23, 1984
1984 年 6 月 23 日
3,000
4,015
.........................................................................................................
November
15,
1989
1989 年 11 月 15 日 6,000
3,233.........................................................................................................

Stock Splits 株式分割
Date of issue
発行年月日

Ratio of distribution

Composition of Shareholders by Category 所有者別分布状況

分割比率

October 1, 1980
1980 年 10 月 1 日
1:1.25.........................................................................................................
October 1, 1981
1981 年 10 月 1 日
1:1.30.........................................................................................................
November 20, 1982 1982 年 11 月 20 日
1:1.30.........................................................................................................
February 1, 1983
1983 年 2 月 1 日
1:2.00.........................................................................................................
November 20, 1984 1984 年 11 月 20 日
1:1.20.........................................................................................................
November 15, 1989 1989 年 11 月 15 日
1:1.10.........................................................................................................
November 15, 1990 1990 年 11 月 15 日
1:1.20.........................................................................................................
May 20, 1997
1997 年 5 月 20 日
1:1.10.........................................................................................................

Category
区分

2000

2001

Number of shareholders/shares (thousands)/composition
株主数 株式数（千株） 構成比

Number of shareholders/shares (thousands)/composition
株主数 株式数（千株） 構成比

Financial institutions and securities companies
金融機関および証券会社
239 81,559 46.4%
321 78,534 44.7%..........................................................................................................................................................................................................................
Foreigners
外国人
594
65,69337.4%
611 63,663 36.2%..........................................................................................................................................................................................................................
Other
individual investors 個人・その他
6,071 10,628
6.1%
41,204 17,241
9.8%..........................................................................................................................................................................................................................

Other corporate investors その他の法人
243 17,780 10.1%
645 16,253
9.3%
Total
合計
7,147
175,660
100.0%
42,781
175,691
100.0%..........................................................................................................................................................................................................................

21

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