Tokyo Electron Limited  Annual Report 08

C O N SOLI D A T E D FI N A N C IAL H I G H LI G H T S

Thousands ofU.S. dollars

Millions of yenYears ended March 31

2004

2005

2006

2007

2008

2008

¥529,654¥635,710¥673,686¥851,975¥906,092$9,043,737

For the year: Net sales.................................
Operating income...................

22,28063,98375,703

143,979

168,498

1,681,785 Income before income taxes....

14,93655,77575,328144,414169,220

1,688,991 Net income.............................

8,297

61,601

48,006

91,263106,271

1,060,695

Depreciation and amortization.

24,963

21,463

19,17018,82021,413

213,724

Capital expenditures...............

11,007

9,876

13,33527,12922,703

226,599

R&D expenses........................

44,15043,88949,18256,962

66,073

659,477

Free cash flows.......................

(661)

106,900

68,31729,00486,753865,884

Operating margin....................

4.2%

10.1%

11.2%

16.9%

18.6%

ROE........................................

3.1%

20.3%

13.5%

21.8%

21.4%
Thousands ofU.S. dollars

Millions of yen

At year-end:
Total assets.............................

¥561,632¥644,320¥663,243¥770,514¥792,818$7,913,145

Total net assets   (Total shareholders’ equity)....

275,800

332,165

376,900

469,811545,2455,442,110

Yen

U.S. dollars

Per share: Net income—Basic.................

¥   46.37¥ 343.63¥ 267.61¥ 511.27¥ 594.01$     5.93

Cash dividends.......................

10.00

45.00

55.00

103.00125.001.25

Notes: 1. U.S. dollar amounts are translated from yen, solely for convenience, at the prevailing exchange rate on March 31, 2008, of ¥100.19=U.S.$1.
2. Depreciation and amortization does not include amortization and loss on impairment of goodwill.
3. Effective from fiscal 2005, Tokyo Electron changed its method of revenue recognition upon receiving customer confirmation of product set-up and testing of products for
Semiconductor and FPD production equipment. The effect of this change decreased net sales, operating income and income before income taxes by ¥80,956 million,¥20,541 million and ¥20,563 million, respectively, for fiscal 2005, compared with the corresponding amounts which would have been recorded if the previous method had
been applied.
4. Effective from fiscal 2005, Tokyo Electron changed its method to account for after-sale repair expenses by recording accrued warranty expenses for Semiconductor and FPD
production equipment. The effect of this change decreased operating income and income before income taxes by ¥635 million and ¥13,106 million, respectively, for the year
ended March 31, 2005, compared with the corresponding amounts which would have been recorded if the previous method had been applied.

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Annual Report 08 Tokyo Electron Limited

Record-high Sales and Earnings
Operating income(Millions of Yen)

(Millions of Yen)

1,000,000200,000(%)

201505

06

07

4.2

Net income

004

08

05060708

Free cash flows(Millions of Yen)

68,3170

15–661

06

07

004

08

05

06

Net income per share

Cash dividends per share

(Yen)

(Yen)

600

21.8

21.4

07

08

13.5

5–30,000
05

08

10
29,00448,006

61,601

30,000

8,297

04

07

20.3

20
86,753106,271

91,26390,00060,000006

25

60,00030,00005(%)

120,000

90,00004

ROE(Millions of Yen)

120,000

11.2

5004

10.1

10

75,70322,280063,983

50,000168,498

150,000

100,000

200,000

18.6
16.9

143,979673,686

Operating margin

106,900

400,000

529,654600,000

635,710

851,975

800,000

906,092

Net sales

07

08

3.1

04

05

06

120

125.00450103.00511.27594.01

150

90

10.00

46.37

0

55.00

30

45.00

150

60

267.61

343.63

300

0
04

05

06

07

08

04

05

06

07

08

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