Data Section

Financial Review
From the beginning of fiscal 2022, Tokyo Electron (TEL) applies“Accounting Standard for Revenue Recognition” (ASBJ Statement
No. 29, March 31, 2020). Comparisons between the same period in
the previous year in the explanation of operating results and cash
flows and comparisons between the end of the previous fiscal year
in the explanation of financial positions are made using figuresfrom the consolidated results of the previous fiscal year prior to
the application of the change in accounting standard.

Income before income taxes was 596.6 billion yen (year-onyear growth of 88.2%) and net income attributable to owners ofparent was 437.0 billion yen (year-on-year growth of 79.9%).
As a result, net income per share was 2,807.84 yen comparedto net income per share of 1,562.20 yen in the previous fiscal year.

Financial Conditions
Current assets at the end of fiscal 2022 were 1,408.7 billion
yen, an increase of 393.0 billion yen compared to the end of
the previous fiscal year. This was mainly due to an increase of
242.2 billion yen in notes and accounts receivable-trade, andcontract assets, an increase of 69.6 billion yen in cash and cash
equivalents, and an increase of 58.5 billion yen in inventories.
Tangible fixed assets increased by 26.1 billion yen from theend of the previous fiscal year, to 223.0 billion yen. Investments
and other assets increased by 49.9 billion yen from the end of theprevious fiscal year, to 262.6 billion yen.
As a result, total assets increased by 469.0 billion yen fromthe end of the previous fiscal year, to 1,894.4 billion yen.
Current liabilities increased by 140.9 billion yen from the endof the previous fiscal year, to 468.5 billion yen. This was largely
due to an increase of 57.9 billion yen in income taxes payable, anincrease of 30.3 billion yen in trade notes and accounts payable,
and an increase of 20.8 billion yen in customer advances.
Long-term liabilities increased by 5.6 billion yen from the endof the previous fiscal year, to 78.8 billion yen.
Net assets increased by 322.4 billion yen from the end of theprevious fiscal year, to 1,347.0 billion yen. This was largely due
to an increase of 437.0 billion yen resulting from recording net
income attributable to owners of parent, a decrease resulting
from the payment of 166.2 billion yen in year-end dividends forthe previous fiscal year and interim dividends for fiscal 2022,
and an increase of 27.3 billion yen in net unrealized gains on
investment securities. As a result, the equity ratio was 70.5%.

Operating Results
During fiscal 2022, despite the effects of the COVID-19 pandemic
and heightened geopolitical risks, a gradual recovery in the global
economy has been observed.
In the electronics industry, where the TEL operates, further
growth in semiconductor production equipment market is
expected due to the growing importance of semiconductors,
driven by the transition to a data society due to the expansionof communications technologies and efforts toward realizing adecarbonized society.
In this environment, the consolidated business results forfiscal 2022 are as follows.
Net sales for the fiscal year increased 43.2% from the previous
fiscal year to 2,003.8 billion yen. Domestic net sales increased
16.6% from the previous year to 230.3 billion yen, while overseas
net sales increased 47.6% to 1,773.4 billion yen to account for
88.5% of net sales.
Cost of sales increased 30.9% to 1,091.9 billion yen and grossprofit increased 61.4% to 911.8 billion yen. As a result, the grossprofit margin expanded by 5.1 points to 45.5%. Selling, generaland administrative (SG&A) expenses increased 28.0% to 312.5
billion yen, while the ratio to consolidated net sales declined by
1.9 points to 15.6%.
As a result, operating income increased 86.9% to 599.2 billion
yen and operating profit ratio increased 7.0 points to 29.9%.

Net Sales and Gross Profit Margin
Net Sales (Billions of yen)

42.0

41.2

40.1

Operating Income and Operating Margin

Gross Profit Margin (%)

40.4

45.5
2,003.8

Operating income (Billions of yen)
Operating Margin (%)

29.9

Net Income Attributable to Owners of
Parent and ROE

24.9

599.2

437.0

24.3

Net Income Attributable to Owners of Parent (Billions of yen)
ROE (%)

29.0
1,278.2

281.1

204.3

2019.32020.32021.367 TOKYO ELECTRON Integrated Report 2022

2022.32018.32019.32020.32021.32022.32018.3

21.8

242.9

185.2

237.2

2018.3

We conduct production activities while flexibly responding tomarket changes. As our production trends are similar to thoseof our sales, we omit description of these results. We also do
not indicate order results because they are not necessarily anappropriate indicator for projecting medium- to long-term
corporate performance, with short-term orders tending tofluctuate significantly according to customers’ investment trends.
Sales results by major customer and their ratio to total sales
results are as shown below.
Fiscal 2021 (Fiscal year ended March 31, 2021)
Ratio
(%)

Sales
(Millions of yen)

Name of customer
Samsung Electronics Co., Ltd.

256,656

18.3

Intel Corporation

193,706

13.8

Taiwan Semiconductor Manufacturing Company Ltd.

164,340

11.7

Fiscal 2022 (Fiscal year ended March 31, 2022)
Ratio
(%)

Sales
(Millions of yen)

Name of customer
Samsung Electronics Co., Ltd.

312,279

15.6

Intel Corporation

303,982

15.2

Taiwan Semiconductor Manufacturing Company Ltd.

231,393

11.5

Note: The amounts include sales to the customer and its subsidiaries

Financial Conditions

Millions of yen

2018.32019.32020.32021.32022.3

Total current assets¥946,597¥982,897¥962,484¥1,015,696¥1,408,703

Net property, plant and equipment

125,952

150,069

175,580

196,967

223,078

Total investments and other assets

130,246

124,661

140,431

212,699262,676

Total assets

1,202,796

1,257,627

1,278,495

1,425,364

1,894,457

Total current liabilities

368,452

304,882

382,578

327,661

468,578

Total liabilities

431,287

369,510448,802400,801

547,408

Total net assets

771,509888,117829,692

1,024,562

1,347,048

Notes: From fiscal 2019, the Company applied the Accounting Standard Board of Japan’s “Partial Amendments of Accounting Standard for Tax Effect Accounting” (ASBJ Statement No.
28, revised on February 16, 2018). Total current assets, total investments and other assets, total assets and total liabilities for fiscal 2018 have been restated in accordance with therevised accounting standard

26.5
248.2

320.6

310.5

Cash and cash equivalents at the end of fiscal 2022 increased by
69.6 billion yen compared to the end of the previous fiscal year,
to 335.6 billion yen. The combined balance including 35.6 billion
yen in time deposits and short-term investments with maturities
of more than three months that are not included in cash andcash equivalents was 371.2 billion yen, an increase of 59.7 billion
yen from the end of the previous fiscal year. The overall situation
regarding cash flows for fiscal 2022 was as described below.
Cash flows from operating activities were positive 283.3
billion yen, an increase of 137.4 billion yen from the previous
fiscal year. The major positive factors were 596.6 billion yen inincome before income taxes, a 36.7 billion yen in depreciation
and amortization, and a 32.0 billion yen increase in customer
advances. The major negative factors were 195.5 billion yen
increase in notes and accounts receivable-trade, and contract
assets, a 106.0 billion yen in income taxes paid, and a 100.3 billion
yen increase in inventories.
Cash flows from investing activities were negative 55.6 billion
yen compared to negative 18.2 billion yen in the same period of
the previous fiscal year. This was largely due to the payment of
56.1 billion yen for the purchase of fixed assets.
Cash flows from financing activities were negative 167.2
billion yen compared to negative 114.5 billion yen in the same
period of the previous fiscal year. This was largely due to thepayment of 166.2 billion yen in dividends.

Cash Flows

30.1

1,399.1
1,127.2

Production, Orders and Sales Results

37.2

22.9
21.0

1,130.7

Cash Flows

2019.32020.32021.3

Millions of yen

2018.32019.32020.32021.32022.3

Cash flows from operating activities¥186,582¥189,572¥253,117¥145,888¥283,387

Cash flows from investing activities(11,833)(84,033)

15,951(18,274)(55,632)

Cash flows from financing activities(82,549)(129,761)(250,374)(114,525)(167,256)

Cash and cash equivalents at end of year

257,877

232,634

247,959

265,993335,6482022.3
TOKYO ELECTRON Integrated Report 2022

68

Data Section•Semiconductor Production Equipment
Capital investment in semiconductors for logic/foundry has been
robust in a wide range of areas, from cutting-edge to mature
generations of semiconductors, driven by the digitalization ofsociety. Furthermore, as the quantity of data being handledcontinues to increase on an annual basis, capital investments
in both DRAM and NAND flash memory continue to see highlevels of investment. Consequently, net sales to customers
in this segment during fiscal 2022 were 1,943.8 billion yen an
increase of 47.8% from previous fiscal year. Segment profit was
667.4 billion yen, an increase of 84.1% from the previous fiscal
year. As described as the business environment, customers havebeen actively investing in new equipment against a backdrop of
growing demand for semiconductors, and our sales strategies
in the key fields have progressed steadily. As a result, net
sales in fiscal 2022 increased significantly, especially for logic/
foundry and DRAM. In addition, net sales of used equipment andmodifications as well as parts and services also grew steadily
due to an increase in the cumulative number of equipment
installations and high equipment utilization by customers.
The segment profit margin for fiscal 2022 was 34.3%, up 6.7
points from 27.6% in the previous fiscal year. This was mainly
due to a decline in the ratio of fixed costs associated with
substantial increase in net sales as a result of the Company
succeeding in reliably responding to rapidly increased demand forsemiconductor production equipment.

Management Discussion and Analysis of State ofOperating Results
Our operating results for fiscal 2022 were a record-high 2,003.8
billion yen, an increase of 43.2% from the previous fiscal year, due
to active capital expenditure by customers in the semiconductor
production equipment market.
Together with the significant increase in net sales, operating
income also reached 599.2 billion yen, an increase of 86.9% fromthe previous fiscal year, and the operating margin was 29.9%, anincrease of 7.0 points from the previous fiscal year. This was mainly
due to the increase in gross profit margin from the increase in salesof newly acquired high value-added processes in the key fields,
and the decrease in the ratio of selling, general and administrative
expenses arising from the significant increase in net sales. Total
R&D expenses increased by 21.6 billion yen (year-on-year growth of
15.8%) from the previous fiscal year to a record-high of 158.2 billion
yen in order to achieve the financial model of the Medium-termManagement Plan announced in May 2019 as well as to achieve
further growth in the future.
Net income attributable to owners of parent—which isoperating income with other income and expenses reflected lesstax expenses—was 437.0 billion yen, and its ratio against net sales
was 21.8%, an increase of 4.4 points from the previous fiscal year.
Net income per share was 2,807.84 yen due to the increase in profits
resulting from the increase in net sales, as mentioned above.
With regard to objective indicators to assess the achievement
status of management policy, management strategy andmanagement goals, the Group uses net sales, operating margin andreturn on equity (ROE) as indicators for the financial model of theMedium-term Management Plan.
The following is our understanding, analysis and consideration
about the state of operating results for each segment. Please notethat segment profit corresponds to income before income taxes on
the consolidated statements of income.

Selling, General and Administrative Expenses
and Ratio to Net Sales
Selling, General and Administrative Expenses(Billions of yen)
Ratio to Net Sales (%)

312.5

R&D Expenses (Billions of yen)
Ratio to Net Sales (%)

Capital Expenditures (Billions of yen)
Depreciation and Amortization (Billions of yen)

158.2

54.6

136.6

214.6

113.9

193.8

17.1

Capital Expenditures and Depreciation andAmortization

R&D Expenses and Ratio to Net Sales

244.2
215.6

•FPD Production Equipment
As capital investment for large-sized LCD panels for televisions
has run its course, the overall manufacturing equipment market
for FPD TFT arrays has slowed. Meanwhile, capital investments insmall and medium-sized OLED panels continues in conjunction
with displays installed in end products being converted from
LCD panels to OLED panels. Consequently, net sales to externalcustomers in this segment during fiscal 2022 were 59.8 billion
yen, a decrease of 28.6% from the previous fiscal year. Segment

16.9

17.5

8.6

.

Net Income per Share(Yen)

2,807.84
57.2

Semiconductor Segment Sales andProfit Margin
Segment Sales (Billions of yen)Segment Profit Margin (%)

36.7

15.6

7.9

20.6

1,245.48

24.3

1,562.20

1,513.58

1,055.2

FPD Segment Sales and Profit Margin
Segment Sales (Billions of yen)Segment Profit Margin (%)

111.2

1,943.8
34.3

28.0
25.5

29.1

9.8

* Turnover period for total assets = Average total assets / Net sales × 365

For the details of financial data, please refer to the “Consolidated Financial Statements” on the Company’s website.
www.tel.com/ir/library/consolidated-financial-statements/

29.8

33.8
8.9

Regarding our financial conditions, total assets stood at 1,894.4
billion yen at the end of fiscal 2022, an increase of 469.0 billion yen
from the end of the previous fiscal year. This was mainly due to theincrease in notes and accounts receivable – trade, and contract
assets, inventories, property, plant and equipment, and investment
securities included in investments and other assets. Notes andaccounts receivable – trade, and contract assets reached 433.9
billion yen, an increase of 242.2 billion yen from the end of theprevious fiscal year, due to the significant increase in net sales against
the backdrop of rapid growth in the market for semiconductor
production equipment. Inventories reached 473.8 billion yen, an
increase of 58.5 billion yen from the end of the previous fiscal year,
in reflection of the robust demand for equipment and spare parts—
which will continue into the following fiscal year—as well as a resultof incorporating measures such as leveling of production. Tangible
fixed assets reached 223.0 billion yen, an increase of 26.1 billion yen
from the end of the previous fiscal year. The increase mainly reflects
the acquisition of equipment and metrology tools necessary for
R&D of leading-edge technology and the construction completionof the Miyagi Technology Innovation Center, which is intended for

49.7

120.2

10.7

Management Discussion and Analysis of State of
Financial Conditions and Cash Flows, and Information
Related to Sources of Capital and Fluidity of Funds

45.6

97.1
19.1

53.8

development of production technology and collaboration with
suppliers, as well as a new development building under construction
in Nirasaki City, Yamanashi Prefecture. Investment securities
increased 39.9 billion yen year-on-year to 144.9 billion yen due to thehigher market prices of strategically-held listed shares. Due to thesefactors, total assets increased since the end of the previous fiscal
year, but as the increase in net sales was greater, the turnover period
for total assets* decreased from 353 days in the previous fiscal year to
301 days, improving asset efficiency.
Regarding cash flows, the balance of cash and cash equivalents
including deposits and short-term investments with original
maturities of more than three months decreased 59.7 billion yen
year-on-year to 371.2 billion yen. This was largely attributable tosignificant growth in business performance for fiscal 2022.
With the expansion of business, the level of inventories
continued to rise and necessary working capital increased in fiscal
2022. Against this background, we continued growth investments,
such as investment in R&D to create innovative technologies
with high added value that meet growing technological demands
and differentiate us from competitors, and collaboration with
suppliers in consideration of production technology innovations andreduction of environmental impact. At the same time, we returned
166.2 billion yen to our shareholders based on our shareholder
return policy of a 50% dividend payout ratio. These were all covered
using cash on hand obtained through business operations. We willcontinue to maintain a solid financial foundation built up by a highprofit margin, and at the same time, undertake growth investments
for the future and proactive efforts to return profits to shareholders.
Return on equity (ROE), one of our management indicators,
increased from 26.5% in the previous fiscal year to 37.2%,
improving capital efficiency. This was due to the increase in theratio of net income attributable to owners of parent against net
sales as well as the decrease in the turnover period for total assets.

profit was 3.8 billion yen, a decrease of 56.1% from the previous
fiscal year. With fiscal 2022 being a transition period to shift from
LCD to OLED, capital investment was adjusted for FPD production
equipment. Consequently, net sales in this segment decreased.
The segment profit margin for fiscal 2022 was 6.5%, down 4.0
points from 10.5% in the previous fiscal year. This was mainly due toa decrease in sales of new equipment in fiscal 2022 amid customers’
adjustments to their investment for FPD production equipment.

1,166.7

27.6

83.7
75.0

1,315.2

1,060.9

21.8

17.7

66.0

59.8

16.0

1,170.57

10.5
6.5

2018.32019.32020.32021.32022.32018.32019.32020.32021.32022.32018.32019.32020.32021.32022.32018.32019.32020.32021.32022.32018.32019.32020.32021.32022.3

Notes: Segment profit corresponds to income before income
taxes on the consolidate statements of income.

69 TOKYO ELECTRON Integrated Report 2022

2018.32019.32020.32021.32022.3

Notes: Segment profit corresponds to income before income
taxes on the consolidate statements of income.
TOKYO ELECTRON Integrated Report 2022

70

Data Section

Consolidated Eleven-Year Summary

The amounts in this summary in millions and thousands of yen; thousands of U.S. dollars; and thousands of shares as of and for the years ended March 31, 2016 and prior are rounded to the nearest unit. Suchamounts as of and for the years ended March 31, 2017 and onward are truncated at the nearest unit. Accordingly, totals for the years ended March 31, 2017 and onward do not necessarily agree with the sumof the corresponding individual amounts.

Tokyo Electron Limited and Subsidiaries
From fiscal 2012 to fiscal 2022
Thousands
Thousands
ofofU.S. dollars
U.S. dollars
1
1
Net Netsalessales

Semiconductor
Semiconductor
production
production
equipment
equipment
FPDFPDproduction
production
equipment
equipment2019.32019.32018.32018.32017.32017.32016.32016.32015.32015.32014.32014.32013.32013.32012.32012.3¥ 1,278,240¥ 1,278,240¥ 1,130,728¥ 1,130,728 ¥ 799,719¥ 799,719 ¥ 663,949¥ 663,949 ¥ 613,125¥ 613,125 ¥ 612,170¥ 612,170 ¥ 497,300¥ 497,300 ¥ 633,091¥ 633,091

15,882,375
15,882,3751,943,843
1,943,843 1,315,200
1,315,200 1,060,997
1,060,997

1,166,781
1,166,781 1,055,234
1,055,234 749,893
749,893 613,033
613,033 576,242
576,242 478,842
478,842 392,027
392,027 477,873
477,873

488,849
488,849

PV production
PV production
equipment
equipment
Electronic
Electronic
components
components
and andcomputercomputer
networks
networks
1,075
1,075

Other
Other

Millions
Millionsof yenof yen

66
6
6
2022.32022.32022.32022.32021.32021.32020.32020.3$ 16,372,300$ 16,372,300¥ 2,003,805¥ 2,003,805¥ 1,399,102¥ 1,399,102¥ 1,127,286¥ 1,127,286

59,83059,83083,772
83,772

66,092
66,092111,261
111,261

75,06875,06849,38749,38744,68744,68732,71032,71028,31728,317

20,077
20,07769,88969,889

--

--

--

--

--

--

--

3,618
3,618

3,806
3,806

83 83

--

-- 100,726
100,726

--

--

--

--

--

--

--

84,66584,66584,86884,868131131129129197197

197197425425438438

6,229
6,229

555555479479448448461461

OperatingOperatingincomeincome4,896,405
4,896,405 599,271
599,271 320,685
320,685 237,292
237,292

310,571
310,571 281,172
281,172 155,697
155,697 116,789
116,789

88,113
88,11332,20532,205

12,54912,54960,44360,443

IncomeIncome(loss)(loss)
beforebeforeincomeincometaxestaxes

4,875,384
4,875,384 596,698
596,698 317,038
317,038 244,626
244,626

321,508
321,508 275,242
275,242 149,116
149,116 106,467
106,467

86,82886,828(11,756)(11,756)

17,767
17,76760,60260,602

Net Netincomeincome(loss)(loss)
attributable
attributableto owners
to ownersof parentof parent

3,571,176
3,571,176 437,076
437,076 242,941
242,941 185,206
185,206

248,228
248,228 204,371
204,371 115,208
115,208

77,892
77,892

71,88871,888(19,409)(19,409)

6,076
6,076

36,72636,726Comprehensive
Comprehensive
incomeincome(loss)(loss)

3,972,410
3,972,410 486,183
486,183 305,801
305,801 187,084
187,084

242,696242,696 206,152
206,152 119,998
119,998

60,98460,98480,29580,295(10,889)(10,889)

15,826
15,82636,95436,954

Domestic
Domestic
salessales

1,882,250
1,882,250 230,368
230,368 197,566
197,566 161,812
161,812208,796
208,796 148,760
148,760 101,122
101,122 121,808
121,808

Overseas
Overseas
salessales

14,490,049
14,490,0491,773,437
1,773,437 1,201,535
1,201,535 965,474
965,47422
Depreciation
Depreciation
and andamortizationamortization
3

3

CapitalCapitalexpenditures
expenditures
R&DR&D
expenses
expenses

95,046
95,046 161,631
161,631 118,504
118,504 171,364
171,364

1,069,443
1,069,443 981,967
981,967 698,597
698,597 542,141
542,141 518,079
518,079 450,539
450,539 378,796
378,796 461,727
461,727

300,081300,081

36,72736,727

33,84333,843

29,107
29,107

24,32324,323

20,61920,61917,872
17,872

19,257
19,257

20,87820,87824,88824,88826,631
26,631

24,19824,198468,080
468,080

57,28857,28853,86853,86854,66654,66649,75449,75445,60345,603

20,697
20,697

13,341
13,341

13,184
13,184

12,79912,79921,774
21,77439,541
39,541

1,293,048
1,293,048 158,256
158,256 136,648
136,648 120,268
120,268

113,980
113,980

97,103
97,10383,80083,80076,28776,28771,35071,35078,66478,66473,24973,24981,506
81,506

5
5
TotalTotal
assetsassets15,478,858
15,478,8581,894,457
1,894,457 1,425,364
1,425,364 1,278,495
1,278,495

1,257,627
1,257,627 1,202,796
1,202,796 957,447
957,447 793,368
793,368 876,154
876,154 828,592
828,592 775,528
775,528 783,611
783,611

TotalTotal
net assets
net assets

11,006,199
11,006,1991,347,048
1,347,048 1,024,562
1,024,562 829,692
829,692

888,117888,117 771,509
771,509 645,999
645,999 564,239
564,239 641,163
641,163 590,614
590,614 605,127
605,127 598,603
598,603

15,634
15,634

NumberNumberof employeesof employees

14,47914,47913,837
13,837

12,742
12,742

11,946
11,946

11,241
11,241

10,62910,62910,844
10,844

12,304
12,304

12,201
12,201

U.S. dollars
U.S. dollars

10,684
10,684
Yen Yen

Net Netincomeincome(loss)(loss)
per shareper shareof commonof common
stock:
stock:$ 22.94$ 22.94¥ 2,807.84¥ 2,807.84¥ 1,562.20¥ 1,562.20¥ 1,170.57¥ 1,170.57

BasicBasic
4

4¥ 1,513.58¥ 1,513.58¥ 1,245.48¥ 1,245.48 ¥ 702.26¥ 702.26 ¥ 461.10¥ 461.10 ¥ 401.08¥ 401.08 ¥(108.31)¥(108.31) ¥ 33.91¥ 33.91 ¥ 205.04¥ 205.04

22.83
22.83 2,793.89
2,793.89 1,553.29
1,553.29 1,164.02
1,164.02

1,507.22
1,507.22 1,241.22
1,241.22

Net Netassetsassetsper shareper shareof commonof common
stock
stock

70.04
70.04 8,572.45
8,572.45 6,512.18
6,512.18 5,267.96
5,267.96

5,371.78
5,371.78 4,674.49
4,674.49 3,919.50
3,919.50 3,428.37
3,428.37 3,567.23
3,567.23 3,225.92
3,225.92 3,309.58
3,309.58 3,275.14
3,275.14

CashCashdividends
dividends
per shareper shareof commonof common
stock
stock

11.46
11.46 1,403.00
1,403.00

Diluted
Diluted

781.00781.00588.00588.00758.00758.00624.00624.00700.35700.35352.00352.00460.00460.00237.00237.00400.15400.15143.00143.00-50.00
50.00

33.85
33.85
51.00
51.00

204.72204.7280.00
80.00

NumberNumberof sharesof shares
outstanding
outstanding(thousands)(thousands)

157,210
157,210 157,210
157,210 157,210
157,210

165,210
165,210 165,210
165,210 165,210
165,210 165,211
165,211 180,611
180,611 180,611
180,611 180,611
180,611 180,611
180,611

NumberNumberof shareholdersof shareholders

34,25834,25850,84350,84329,54729,54730,34830,34835,18635,186

21,937
21,937

24,664
24,664

20,82920,82930,56330,56341,28741,28742,41442,414%%

ROEROE

37.237.2

26.526.5

21.821.8

30.130.1

29.029.0

19.119.1

13.013.0

11.811.8(3.3)(3.3)

1.0 1.0

6.3 6.3

OperatingOperatingmarginmargin29.929.9

22.922.9

21.021.0

24.324.3

24.924.9

19.519.5

17.617.6

14.414.4

5.3 5.3

2.5 2.5

9.5 9.5

70.570.5

71.171.1

64.164.1

70.070.0

63.863.8

67.267.2

70.970.9

73.073.0

69.869.8

76.576.5

74.974.9

1.211.21

1.031.03

0.890.89

1.041.04

1.051.05

0.910.91

0.800.80

0.720.72

0.760.76

0.640.64

0.790.79

55EquityEquityratioratio
55TotalTotal
assetasset
turnoverturnover(times)(times)U.S. dollars
U.S. dollars

Net Netsalessales
per employee
per employee$ 1,047,224$ 1,047,224¥ 128,169¥ 128,169 ¥ 96,629¥ 96,629 ¥ 81,468¥ 81,468

1 From fiscal 2015, Electronic components and computer networks were excluded because Tokyo Electron Device Limited, a former consolidated subsidiary, became an equity method
affiliate. Photovoltaic panel (PV) production equipment was included in FPD production equipment until fiscal 2012 but from fiscal 2016, it has been included in Other.
2 Depreciation and amortization does not include amortization and loss on impairment of goodwill.
3 Capital expenditures only represent the gross increase in property, plant and equipment.
4 Dilution is not assumed for the year ended March 31, 2014.

71 TOKYO ELECTRON Integrated Report 2022

Thousands
Thousandsof yenof yen¥ 100,317¥ 100,317 ¥ 94,653¥ 94,653 ¥ 71,143¥ 71,143 ¥ 62,466¥ 62,466 ¥ 56,540¥ 56,540 ¥ 49,754¥ 49,754 ¥ 40,759¥ 40,759 ¥ 59,256¥ 59,256
5 From fiscal 2019, the Company applied “Partial Amendments to Accounting Standard for Tax Effect Accounting” (Statement No. 28, revised on February 16, 2018) released by the ASBJ.
Accordingly, total assets, equity ratio and total asset turnover for fiscal 2018 have been restated.
6 From fiscal 2022, the Company applies “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020). Each number for fiscal 2022 includes the effects of
the new standards.

TOKYO ELECTRON Integrated Report 2022

72

Data Section

Sustainability Data
Social2018.3
Number of users

Tokyo Electron Limited and Subsidiaries
From fiscal 2018 to fiscal 2022
* ⚫ denotes data in the “Tokyo Electron Sustainability Report 2022” with third-party assurance. www.tel.com/sustainability/report/

Second career support system

Men
Women

Percentage of regular employees who received regular performance and career
evaluations

2019.32020.32021.32022.3

31

30

23

23

18

30

28

18

20

15

1

2

5

3

3

100.0

100.0

100.0

100.0

100.0

Employee Retention (Japan and part of entire Group included)
Composition of Employees (Japan and entire Group)

2018.32018.3

Number of regular employees
Regular employees(Region/Entire Group)2019.32021.32022.3

11,696

12,46913,542

14,022

15,140

Japan

7,268

7,526

7,806

7,921

8,234

Rest of Asia

2,218

2,832

3,494

3,796

4,328

492

513

528

509

578

1,718

1,598

1,714

1,796

2,000

Europe and Middle East
North America

2018.32019.32020.32021.3

7,516

7,797

8,100

8,296

8,661

7,268

7,526

7,806

7,921

8,234

6,292

6,479

6,681

6,722

6,944

976

1,047

1,125

1,199

1,290

248

271

294

375

427

Men

181

220

263

348

403

Women

67

51

31

27

24

Non-regular employees

2021.32022.3

93.8

94.1

94.7

Men

94.3

93.5

94.6

94.8

95.0

Women

87.1

88.0

88.6

89.3

93.5

17 yrs. 1 mo.

17 yrs. 2 mos.

17 yrs. 2 mos.

17 yrs. 4 mos.

17 yrs. 2 mos.

Men

17 yrs. 4 mos.

17 yrs. 5 mos.

17 yrs. 5 mos.

17 yrs. 7 mos.

17 yrs. 6 mos.

Women

15 yrs. 7 mos.

15 yrs. 8 mos.

15 yrs. 11 mos.

15 yrs. 10 mos.

15 yrs. 8 mos.

103

108

82

87

87

82

88

54

75

69

Employee turnover
Women
Turnover2020.393.0

Average service years

2

2019.3

93.4

Men

Regular employees
Women

Employee retention

2022.3

Number of employees
Men

Employees(Employment type/Japan)

2020.3

Retention after three years of joining TEL1

21

20

28

12

18

Turnover percentage

1.4

1.4

1.0

1.0

1.0

Employee turnover (Entire Group)

―
―
―
―

―
―
―
―

―
―
―
―

―
―
―
―

589

Men
Women
Turnover percentage (Entire Group)

507
82
4.2

1 Average in recent five years 2 Turnover due to personal circumstancesWork-life Balance (Japan)
2018.3

Recruitment/Employment (Japan and part of entire Group included)
2018.3
Number hired
Under 30 yrs. old

New graduates hired

199

281

253

209

198

280

252

208

166

233

207

177

32

47

45

31

30–49 yrs. old

4

1

1

1

1

Men

4

1

1

1

0

Women

0

0

0

0

1

0

0

0

0

0

Men

0

0

0

0

0

Women

0

0

0

0

0

Percentage of women

19.2

16.1

16.7

17.8

15.3

Number hired

262

239

150

191

400

102

85

42

56

131

85

67

35

49

96

Women

17

18

7

7

35

30–49 yrs. old

156

145

96

123

250

Men

135

119

82

92

202

Women

21

26

14

31

48

4

9

12

12

19

Men

3

5

10

11

17

Women

1

4

2

1

2

Percentage of women

14.9

20.1

15.3

20.4

21.3

Percentage hired (TEL)

2.22
1.91

2.18
2.04

2.06
2.01

2.43
2.3

2.32
2.37

―
―
―
―

―
―
―
―

―
―
―
―

163

Percentage (senior directors and above3)

―
―
―
―

Number of people (Japan)

20

22

23

26

46

Percentage hired (Group in Japan)
Number of people
Percentage

Reemployment system

167
163
32

50 yrs. old and overFemale managers(Entire Group)2022.3

131

Men

1, 2

2021.3

Men

Under 30 yrs. old

Employees with disabilities

2020.3

Women

50 yrs. old and over

Career-track recruits

2019.3

Annual paid leave

Number of people (senior directors and above3)

1.8

2.0

2.0

2.2

2.6

201
196
5

242
235
7

313
305
8

389
376
13

1 Percentage of female managers, calculation method: Number of female managers/Number of managers × 100 (Include experts in the number of managers from fiscal 2022)
2 As of March 31, 2022 3 Employees of a certain level or position based on the global human resources system

73 TOKYO ELECTRON Integrated Report 2022

64.6

Number of those who took leave

639

605

901

688

512

Men

556

507

773

610

435

Women

83

98

128

78

77

Number of those who took leave

180

155

184

148

137

Number of those who took leave

41

56

46

41

70

4

8

12

16

36

37 (92.5)

48 (100.0)

34 (97.1)

25 (92.6)

34 (97.1)

44
6
38
93.6
90.0
176
24
152
455
281
174
120
19
101
3
2
1
47
25
22
0
0
0

43

48

54

60

6

8

15

32

Women
Percentage reinstatedRetention rate
Number of those who used
Men
Women
Number of those who took leave
Men
Women
Number of those who took leave
Childcare support leave

Men
Women
Number of those who took leave

Extended nursing care leave

Men
Women
Number of those who took leave

Short nursing care leave

Men
Women

10

156
155
1

62.5

Men

Leave to care for sick/injured
child

Shorter working hour system
for nursing care⚫

2022.3

72.6

Women (percentage who took leave)

Shorter working hour system

2021.3

67.2

Number of those who returned to work after leave

Childcare leave

2020.3

64.3

Men

2.2

Number of users
Women

Paternity leave

5.5

Percentage (Japan)
Men

Refreshment leave

2019.3Take-up rate*

Number of those who used
Men
Women

37

40

39

28

93.5

94.1

96.4

95.2

88.9

93.3

95.0

90.0

153

149

132

110

8

11

9

7

145

138

123

103

517

625

510

547

334

428

353

373

183

197

157

174

129

125

86

80

26

26

29

23

103

99

57

57

5

2

2

1

2

2

0

0

3

0

2

1

63

95

110

87

38

56

69

57

25

39

41

30

2

2

0

4

0

1

0

2

2

1

0

2

⚫

* Take-up rate of annual paid leave, calculation method: (Days of paid leave taken by employees*) / (Days of paid leave provided to employees*) × 100 * Incl.non-regular employees

Customers
2018.3
Percentage of respondents who selected “Very Satisfied” or “Satisfied” in thecustomer satisfaction survey

59.4

2019.3
84.4

2020.393.32021.396.7

2022.3100.0

TOKYO ELECTRON Integrated Report 2022

74

Data Section

Environment

Products/Innovation
2018.32019.32020.32021.32022.3

Total number of incidents of non-compliance with regulations and voluntary codes
concerning the health and safety impacts of products and services

0

0

0

0

0

Number of active issued patents

Active issued patents (Region/Country)

16,767

17,473

18,137

18,692

19,572

Japan

5,091

5,304

5,348

5,484

5,703

U.S.

4,321

4,415

4,606

4,822

4,988

Europe

185

179

191

206

167

Korea

2,864

3,076

3,223

3,363

3,731

Taiwan

2,675

2,817

2,948

2,925

3,014

China

1,631

1,682

1,821

1,892

1,969

2016.12*Global patent application rate
Patent application success rate

Japan
U.S.

2017.12*2018.12*2019.12*

Tokyo Electron Limited and Subsidiaries
From fiscal 2018 to fiscal 2022
* ⚫ denotes data in the “Tokyo Electron Sustainability Report 2022” with third-party assurance. www.tel.com/sustainability/report/

Greenhouse Gas Consumption/Emissions
2018.3Emissions metric (sales) (t-CO2/billion yen)
Emissions (kt-CO2)

CO2 from energy consumption

Japan
Overseas
Scope 11 emissions (kt-CO2)

2020.12*

76.1

81.2

79.8

74.3

74.6

71.5
78.0

82.9
85.1

83.1
85.5

84.9
87.3

79.8
83.9

Japan, energy-derived
Overseas, energy-derived
CO2 by scope

Scope 22 emissions (kt-CO2)
Japan* Calendar year when patents were filed/granted

Overseas

SafetyScope 33 emissions (kt-CO2)

2018.32019.32020.32021.3

Consumption (kt-CO2e) (Japan)

2022.3

Percentage of employees who received training on basic safety

100

100

100

100

100

Percentage of employees who received training on advanced safety

100

100

100

100

100

Lost time incident rate (LTIR)

0.77

0.40

0.51

0.63

0.66

Number of workplace injuries per 200,000 work hours (TCIR)

0.38

0.20

0.23

0.27

0.30

Japan – HFCs
Japan – PFCs
Japan - SF6
Japan – Other
Non-energy-derived greenhouse gas

Consumption (kt-CO2e) (Overseas)
Overseas – HFCs
Overseas – PFCs

Procurement
2018.32019.32020.32021.3

Overseas - SF62022.3

Percentage of new important suppliers screened using social criteria

100

100

100

100

100

Rate of improvement after supply chain sustainability assessment

20.7

23.1

31.5

21.2

―*
19.4

35.8

Rate of improvement after supply chain BCP assessment

16.0

20.3

24.4

249 (100)

253 (100)

261 (100)

236 (100)

243 (100)

Number of identified RMAP conformant smelters (rate of identification)* Unable to compare with previous fiscal year due to comprehensive revisions, including the survey

Governance2018.32019.32020.32021.32022.3

Total number of critical incidents notified to the Board of Directors

0

0

0

0

0

Total number of incidents subject to legal action on the basis of anti-competitive conduct, antitrust
activity or monopolistic practices where the governance body’s involvement was revealed

0

0

0

0

0

Number of executive officers who received training on anti-corruption1
Total number (percentage) of directors who provided instructions on the body’s policies
and procedures in relation to anti-corruption1

13

0

0

15

20

12 (100)

12 (100)

11 (100)

11 (100)

12 (100)

Total number (percentage) of directors who received training on anti-corruption1

9 (75.0)0 (0)11 (100)

0 (0)

0 (0)

Payment to industry groups, etc. (thousand yen)2

20,54321,09329,92732,03656,374

Payment to politically affiliated organizations (yen)

0

0

0

0

0

Average tenure of directors

8.04

7.36

4.84

6.09

6.58

Average rate of attendance for Board meetings

99.46

98.24

99.39

98.96

99.50

Overseas – Other
Scope 14 emissions (kt-CO2e)2018.3
Education on TEL’s Code of Ethics/pledge rate*
Percentage of employees who have consented to the information security agreement

2019.32020.32021.3

―
99.9

―
100.0

―
100.0

98.8

91.6

99.4

99.9

0

0

0

0

0

Significant fines and non-monetary sanctions for non-compliance with laws andregulations in the social and economic area

* Scope: Entire Group

Consumption (thousand m3)

2018.3
Spending on social contribution (million yen)*

Cash donations
breakdown

2019.32020.32021.3Groundwater
Tap waterIndustrial water
Overseas

Copier paper

Use (t) (Japan)CO
2 Emissions fromEnergy Consumption
エネルギー起源CO
2 排出量の推移
Overseas
海外

127

119

2022.3

238

281

250

244

170

Charity donations(providing donations/relief supplies to charity organizations)

13

11

4

13

15

Community investment(charitable expenses for long-term cause for community)

49

55

68

62

75

Commercial initiatives(charitable expenses with anticipated effects on business growth)

38

34

28

25

10

* Spending on social contribution activities excluding disaster relief contributions

75 TOKYO ELECTRON Integrated Report 2022

Japan

Japan
日本

Social Contribution

2021.3

1.38
155
127
28
11
10
2
144
118
26
22,691
59
6
24
11
18
―
―
―
―
―
16

2022.3

1.21
169
138
31
12
10
2
157
128
29
24,453
70
5
30
7
28
―
―
―
―
―
17

0.43
86
65
21
12
10
2
74
55
19
29,020
66
5
30
11
20
6
0
1
1
4
4

⚫

⚫

⚫

Resource Consumption

Water

2022.32020.3

1.24
159
127
32
9
7
2
150
120
30
25,354
47
3
18
11
15
―
―
―
―
―
15

1 Scope 1:	Direct GHG emissions from use of fuel and gas we owned or controlled
Calculation method: Emissions = Σ (fuel consumed × CO2 emission factor)
Emission factor based on Japan’s Act on Promotion of Global Warming Countermeasures
2 Scope 2:	Indirect GHG emissions from use of electricity we purchased
Calculation method: Emissions = Σ (purchased electricity × CO2 emission factor)
Adjusted emission factors for the electrical power providers concerned based on Japan’s Act on Promotion of Global Warming Countermeasures were used as theemission factor for Japan
Emission factors based on values from the Emissions Factors 2019 edition published by the International Energy Agency (IEA) were used as the emission factor foroverseas electricity consumption
3 Scope 3:	Emissions from corporate value chains (excluding scope 1 and 2 emissions), such as product transportation, employee business travel and major outsourced
production processes
The entire scope is divided into 15 categories, of which calculations were made for categories 1, 2, 3, 4, 5, 6, 7, 9, 11 and 12. Past category 11 was reviewed. Calculations
for categories 8, 10, 13, 14 and 15 were not made as they are either not included in our activities or have already been included in other categories.
4 Scope 1:	Non-energy-derived CO2 and greenhouse gases other than CO2
Calculation method: Emissions = Σ (consumption × emission per unit consumption – amount recovered and properly treated) × global warming factor
Global warming factor is based on Japan’s Act on Promotion of Global Warming Countermeasures.
From fiscal 2022, the value for the amount recovered and properly treated have been reviewed to match actual conditions.

1 Scope: Japan 2 Industry groups were reviewed from fiscal 2022

Compliance2019.3

1.34
152
119
33
9
7
2
143
112
31
23,163
26
3
11
4
8
―
―
―
―
―
8

（千 t-CO2 ） 2)(kt-CO

2019.3
1,240
1,054
363
422
269
186
165

28

31

21

387

177
220

2018.32019.32020.32022.3
1,417
1,204
440
479
285
213
32

2021.32022.32018.3⚫

（千 m3 ）m3)
(thousand

1,054

359

65
32

2021.3
1,397
1,183
430
450
303
214
38

Water Consumption
水使用量の推移966

33

2020.3
1,305
1,098
390
411
297
207
132

Industrial
water (Japan)
Tap water (Japan)
Groundwater海外(Japan)
工業水（日本）
上水（日本）
地下水（日本）138

127

2018.3
1,143
966
359
387
220
177
194

1,183

1,098

363

390

430

422

411

450

186
269

2019.3207
297

2020.3

Overseas

1,204
440

479

214
303

213
285

2021.32022.3

TOKYO ELECTRON Integrated Report 2022

76

Data Section

Energy Consumption/Generation

Amount of Waste Generated
2018.3

Energy

0.75

0.68

0.50

Consumption (crude oil equivalent) (kL)1, 2

75,19981,07485,074

94,746100,265

Japan

59,76565,89770,642

78,12682,703

Overseas

15,434

15,177

14,432

16,62017,562282,274

305,795

317,614354,961

377,432

Japan

226,747

250,911265,293294,652

313,322

Overseas

55,52754,88452,32160,30964,110

3,083

2,991

3,565

3,820

3,796

Japan

1,947

1,948

2,611

2,728

2,738

Overseas

1,136

1,043

954

1,092

1,058

1,040

1,072

1,624

1,667

1,625

1,026

1,055

1,603

1,651

1,612

14

17

21

16

13

3,458

3,834

3,334

4,980

227,523

0

0

0

0

197,137

Japan
Overseas
Purchase (MWh)Renewable energy (electricity)

Japan
Overseas

3,458

3,834

3,334

4,980

30,386

4,414

4,392

3,804

4,068

3,890

4,414

4,392

3,804

4,068

3,890

0

0

0

0

0

1,386

1,382

1,225

1,285

1,195

1,386

1,382

1,225

1,285

1,195

0

0

0

0

0

2

2

2

2

60

Japan

1

1

1

1

63

Overseas

6

7

6

8

47

Power generation (MWh)Japan

PV power generation system

Overseas
Power sales (MWh)3Power sales

Japan
Overseas
Power use percentage

Renewable energy (electricity) use
rate

2018.32022.3

0.63

Consumption (crude oil equivalent) (kL)1, 2
Fuel (heavy oil A, diesel oil, kerosene,
gasoline)

2021.3

0.67

Consumption (crude oil equivalent) (kL)1
Gas (city gas, LPG)

2020.3

Consumption metric (sales) (kL/billion yen)Consumption (MWh)Electricity

2019.3

1 Calculated using the conversion factors for fuel, gas and electricity in relation to the ”Act on Rationalizing Energy Use”
2 Past energy consumption and fuel consumption were reviewed 3 Heat and steam not soldAmount generated (t)⚫

14,465

13,694

14,208

12,973

13,705

12,927

741

752

1,016

1,292

1,538

5,158

6,951

6,228

7,227

5,232

Japan (Specially controlled industrial waste)

4,904

6,619

5,911

6,718

4,706

Overseas (Dangerous/Hazardous waste per country)

254

332

317

509

526

14,211

14,77013,74814,814

14,195

13,561

14,092

12,831

13,587

12,795

650

678

917

1,227

1,400

224

190

241

183

270

Japan

133

116

142

118

132

Overseas

91

74

99

65

138

Recycled amount (t)RecyclingJapan
Overseas⚫

Amount of waste (t)Incinerated and landfill waste⚫

Water discharge volume (thousand m3)
Water discharges

905

1,006

1,078

1,195

1,194

Japan

759

850

900

1,006

1,009

Overseas

146

156

178

189

185

Chemical Substances Consumption/Emissions (Japan)
2018.3

PRTR Class I designated chemical
substances

2018.32019.32020.32021.32022.3

122

146

186

152

251

12

9

9

9

15

Overseas

110

137

177

143

236

Proportion of marine transportation (international)

36.4

35.9

31.9

34.3

33.2

Japan

Electricity
Electricity Consumption
Consumption(Unit: Million
kWh)(Million
kWh)Overseas

Overseas

101

121

144

119

82

84

98

106

85

Hydrogen fluoride and its water-soluble salts

12

11

12

24

22

Methylnaphthalene

5

5

10

13

11

0.0

0.0

0.1

0.1

0.1

VOCs*

Consumption (t)

36.4

35.9

34.3

31.9

294.7

313.3
186
146
122

1

1

1

111

131

108

5

5

10

13

11

Emissions (t)

11.5

9.6

11.9

13.0

13.1

SOx

Emissions (t)

2.7

2.8

4.0

4.9

4.8

Other
2018.3
ISO 14001

9

152

55.5

54.9

52.3

60.3

64.1

2018.32019.32020.32021.32022.32018.3

11

Japan

5

5

5

5

5

Overseas

4

4

4

6

6

22
718

17
595

18
368

18
52

16
87

0
0

0
0

0
0

0
0

0
0

34,11032,71531,184

28,862

Number of ecosystem tour participants*
Number of breaches of environmental laws and regulations
Amount of fines for breaches of laws and regulations

Recyclingrate(%):(Recycledamount/Amount
ofof
waste
generated)
× 100
Recyclingrate(%):(Recycledamount/Amount
waste
generated)
× 100

99.2
99.2

98.9
98.9

99.1
99.1

Ferricchloride
Ferricchloride
Methylnaphthalene
Methylnaphthalene

99.0
99.0

Target:
Maintainrecycling
rate
ofof
97%
oror
more
Target:
Maintainrecycling
rate
97%
more

55
1212

2022.3133
133

1161162018.32018.32019.32019.3

142
142

118
118

132
132

2020.32020.32021.32021.32022.32022.38282

2018.32018.3(t)(t)(t)

Hydrogenfluoride
anditsitswater-soluble
salts
Hydrogenfluorideandwater-soluble
salts
Other
Other
144
1441 11313
121121 1 1119119 1 1
2424
1010
11 11
101
101 1 1
1212
55
2222
11 11

236

2021.341,352

Volume of PRTR Class I Designated Chemical Substances
Handled in Japan

100
1001 1143

2020.32022.3
11

Number of ecosystem tours*

91372019.32021.3
9

15

12
110

2020.3
9

Incinerated
andlandfillwaste(t)(t)
Incinerated
andlandfill
waste

99.0
99.0
9

2019.3
9

Number of certified offices

Recycling Rate/Generation of Incinerated and Landfill Waste in Japan
Recycling
RecyclingRate/Generation
Rate/GenerationofofIncinerated
IncineratedandandLandfill
LandfillWaste
WasteininJapan
Japan

177

77 TOKYO ELECTRON Integrated Report 2022

1
96

* Scope: Japan

33.2
251

226.7

1
95

NOx

Total product shipment (t)*CO2 2Emissions
Emissionsfrom
fromLogistics
Logisticsand
andthe
Proportion
COthe
Proportion
ofof
Marine Transportation
Transportation
MarineLogistics in Japan (kt-CO2)
Overseas logistics (kt-CO2)
Proportion of marine transportation in international logistics (%)

250.9

2022.3100

Other

Environmental laws and regulations

265.3

2021.3Ferric chloride

Amount transported (waste amount) (t)Biodiversity

Japan

2020.3* VOCs: Volatile Organic Compounds

Emissions (kt-CO2)

Japan

2019.3

Volume handled (t)Environmental Impact of Logistics

CO2

2022.3

14,997

Amount generated (t)Dangerous/Hazardous waste

2021.3

13,989Overseas⚫

2020.3

14,960

Japan

Waste

2019.3

14,4358484

2019.32019.39898

2020.32020.3

106
106
8585

2021.32021.32022.32022.3

TOKYO ELECTRON Integrated Report 2022

78

Data Section

Consolidated Subsidiaries (As of March 31, 2022)
Japan• Tokyo Electron Technology Solutions Ltd.
• Tokyo Electron Kyushu Ltd.
• Tokyo Electron Miyagi Ltd.
• Tokyo Electron FE Ltd.
• Tokyo Electron BP Ltd.
• Tokyo Electron Agency Ltd.

Stock Information (As of March 31, 2022)
Corporate Name and Head Office

Common Stock Listed on

WebsiteTokyo Electron Limited
Akasaka Biz Tower
3-1 Akasaka 5-chome, Minato-ku,
Tokyo 107-6325, JapanTokyo Stock Exchange Prime Market(Stock code: 8035)

www.tel.com

Independent Auditor
KPMG AZSA LLC

Established

Administrator of Shareholders’ Register

November 11, 1963

Sumitomo Mitsui Trust Bank, Limited
4-1 Marunouchi 1-chome, Chiyoda-ku,
Tokyo, Japan

Annual General Meeting of Shareholders
June

Direct mail and inquiries to:
Sumitomo Mitsui Trust Bank, Limited
8-4 Izumi 2-chome, Suginami-ku,
Tokyo, 168-0063, Japan
Tel (toll free): 0120-782-031 (available onlyin Japan)Common Stock
Stock trading unit
Authorized
IssuedNumber of shareholders

100 shares
300,000,000 shares
157,210,911 shares
34,258U.S.
Major Shareholders

Number ofshares held
(thousands)

Votingshare ratio(%)• Tokyo Electron America, Inc.

The Master Trust Bank of Japan, Ltd. (trust account)

42,017

26.87

Treasury stock• TEL Technology Center, America, LLC

Custody Bank of Japan, Ltd. (trust account)

13,743

8.78

0.54%

JP Morgan Chase Bank 385632

8,137

5.20

TBS HOLDINGS, INC.

5,801

3.71

Other Japanese
corporations

Custody Bank of Japan, Ltd.
(securities investment trust account)

2,983

1.90

STATE STREET BANK WEST CLIENT - TREATY 505234

2,580

1.65

Custody Bank of Japan, Ltd. (trust account 4)

2,347

1.50

EuropeSSBTC CLIENT OMNIBUS ACCOUNT

2,229

1.42

JP Morgan Chase Bank 385781

1,917

1.22

• Tokyo Electron Europe Ltd.

The Dai-ichi Life Insurance Company, Limited

1,440

0.92

• Tokyo Electron U.S. Holdings, Inc.

• TEL Venture Capital, Inc.
• TEL Manufacturing and Engineering of America, Inc.

• Tokyo Electron Israel Ltd.
• TEL Magnetic Solutions Ltd.

Distribution of Ownership among Shareholders
Japanese financial institutions
and securities companies

47.67%

4.62%
Japanese
individuals
and others

Number ofissued shares
157,210,911 shares

5.38%
Foreign institutions
and others

Notes: 1. Shares of less than one thousand have been rounded down in the “Number of shares held.”
2. Voting share ratios are calculated excluding treasury stock (851,052 shares). Figures aretruncated after the second decimal place. Treasury stock excludes the 610,529 Company
shares owned by the executive compensation Board Incentive Plan (BIP) trust account andthe share-delivering Employee Stock Ownership Plan (ESOP).

41.79%

Stock Price and Trading Volume

Asia• Tokyo Electron Korea Ltd.
• Tokyo Electron Taiwan Ltd.
• Tokyo Electron (Shanghai) Ltd.
• Tokyo Electron (Kunshan) Ltd.
• Tokyo Electron Singapore Pte. Ltd.

(Yen)
(Thousands of shares)

70,00060,00050,00040,00030,00020,00010,00050,000Stock price

25,0000
Trading volume

26 consolidated subsidiaries in total, including the above 19 companies

CY2018CY2019CY2020CY2021

2018.32019.32020.32021.32022.3High (yen)23,87521,93525,87547,32069,170Low (yen)

11,455

11,595

13,76018,92542,670Total shareholder return (%)

169.8(115.9)143.0(110.0)183.7(99.6)

407.6(141.5)554.5(144.3)(TOPIX, dividends reinvested)

79 TOKYO ELECTRON Integrated Report 2022

0

CY2017

CY2022

TOKYO ELECTRON Integrated Report 2022

80