Tokyo Electron

Annual Report 2012Page23ContentsHighlights

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Segment InformationFeature

Corporate GovernanceCorporate Citizenship

R&D/Intellectual Property

Corporate Data

Financial Sectionn Consolidated Eleven-year Summaryn Financial Review
n Consolidated Balance Sheetsn Consolidated Statements of Income
n Consolidated Statements Of Comprehensive Income
n Consolidated Statements Of Changes In Net Assets
n Consolidated Statements of Cash Flowsn Notes To Consolidated Financial Statementsn Independent Auditors’ Report

CONSOLIDATED Eleven-YEAR SUMMARYTokyo Electron Limited and Subsidiaries
As of and for the years ended March 31

Thousands ofU.S. dollars
2012

2012

2011

2010

2009

2008

Millions of yen
2007

2006

2005

2004

2003

2002

Net sales1 ����������������������������������������������������������������������
Semiconductor production equipment �����������������������
FPD/PV production equipment2 ����������������������������������
Computer networks ��������������������������������������������������
Electronic components and computer networks ��������
Other ������������������������������������������������������������������������
Operating income (loss) ������������������������������������������������
Income (loss) before income taxes ��������������������������������
Net income (loss) ����������������������������������������������������������
Comprehensive income (loss)3 ���������������������������������������

$7,702,774
5,814,247
850,335–
1,032,583
5,609
735,406
737,340
446,843
449,617¥633,091
477,873
69,889–84,868461
60,44360,602
36,72636,954¥668,722
511,332
66,721–
90,216453
97,87099,57971,92469,598¥418,637
262,392
71,361–
84,473411(2,181)(7,768)(9,033)(4,751)¥508,082
325,383
88,107–
94,207385
14,711
9,637
7,543
–

¥906,092
726,440
68,016–111,181455
168,498
169,220
106,271–¥851,975
642,625
100,766
19,16988,294
1,121
143,979
144,414
91,263–¥673,686
486,883
81,176
17,49786,881
1,249
75,70375,32848,006–¥635,710
457,191
75,03815,96686,2491,266
63,98355,77561,601–¥529,654
425,747–
18,44884,2291,230
22,28014,9368,297–¥460,580
364,689–
17,19377,3801,318
1,119(23,010)(41,554)–¥417,825
325,715–
17,03173,658
1,421(18,310)(22,919)(19,938)–

Domestic sales ��������������������������������������������������������������
Overseas sales ���������������������������������������������������������������

2,084,974
5,617,800

171,364
461,727

182,165
486,557

162,609
256,028

208,871299,211

323,946
582,146

313,816
538,159

262,532
411,154

232,678
403,032

242,318
287,336

190,513
270,067

186,516
231,309

Depreciation and amortization4 �������������������������������������
Capital expenditures5 ����������������������������������������������������
R&D expenses ���������������������������������������������������������������

294,415
481,093991,678

24,19839,541
81,506

17,707
39,14070,56820,002
14,91954,07423,068
18,10860,98821,41322,70366,073

18,82027,12956,962

19,17013,33549,182

21,4639,876
43,88924,963
11,00744,15027,374
12,35950,123

26,29430,94653,827

Total assets �������������������������������������������������������������������
Total net assets (Total shareholders’ equity)6 ������������������

9,534,140
7,283,161

783,611598,603809,205
584,802696,352
523,370668,998529,265

792,818
545,245

770,514469,811663,243
376,900

644,320
332,165

561,632
275,800

524,901
252,904

556,915
307,579

10,684

10,343

10,068

10,391

10,429

9,528

8,901

8,864

8,870

10,053

10,171¥267.61
267.32
2,112.30
55.00
180,611
46,272¥343.63
343.54
1,863.28
45.00
180,61160,857¥46.3745.78
1,543.73
10.00
180,61160,873¥(238.57)–
1,456.23
8.00
175,698
49,259¥(113.85)–
1,756.73
8.00
175,691
37,116

13.5
11.2
56.8
1.03

20.3
10.1
51.6
1.05

3.1
4.2
49.1
0.97

(14.8)
0.2
48.2
0.85

(6.2)
(4.4)
55.2
0.65

¥75,687¥71,718¥59,713¥45,815¥41,080

Number of employees ���������������������������������������������������
U.S. dollars

Net income (loss) per share of common stock:7
Basic �������������������������������������������������������������������������
Diluted8 ���������������������������������������������������������������������Net assets per share of common stock ��������������������������Cash dividends per share of common stock �������������������
Number of shares outstanding (thousands) �������������������
Number of shareholders ������������������������������������������������

$2.49
2.49
39.85
0.97

Yen

¥205.04
204.723,275.14
80.00
180,61142,414¥401.73
401.103,198.66
114.00180,61144,896¥(50.47)–
2,859.37
12.00
180,61139,285¥42.1542.07
2,896.55
24.00
180,61142,509¥ 594.01
592.71
2,989.70
125.00180,611
43,324

6.3
9.5
74.9
0.79

13.3
14.6
70.8
0.89

(1.8)
(0.5)
73.5
0.61

1.4
2.9
77.5
0.70

21.4
18.6
67.5
1.16

¥59,256¥64,655¥41,581¥48,896¥86,882¥511.27
509.84
2,573.72
103.00180,61141,289Percent

ROE ������������������������������������������������������������������������������
Operating margin ���������������������������������������������������������
Equity ratio �������������������������������������������������������������������
Asset turnover (times) ���������������������������������������������������
U.S. dollars

Net sales per employee �������������������������������������������������
12
3
4
5
6

$720,964

21.8
16.9
59.71.19
Thousands of yen¥89,418

Until fiscal 2004, the FPD (Flat Panel Display) division was included in Semiconductor production equipment. From fiscal 2008, Computer networks is included in Electronic components and computer networks.
From fiscal 2009, the FPD division was changed to the FPD/PV production equipment division. Photovoltaic Cell (PV) production equipment is included in FPD/PV production equipment.
From fiscal 2011, the Company applied “Accounting Standards for Presentation of Comprehensive Income”(Statement No. 25) released by the Accounting Standards Board of Japan (ASBJ). Accordingly, comprehensive income (loss) have been disclosed from fiscal 2010.
Depreciation and amortization does not include amortization and loss on impairment of goodwill.
Capital expenditures only represent the gross increase in property, plant and equipment.
From fiscal 2007, “Total net assets” has been disclosed in accordance with “Accounting Standard for Presentation of Net Assets in the Balance Sheet” (Statement No. 5) and “Guidance on Accounting Standard for Presentation of Net Assets in the Balance Sheet” (Guidance No. 8) released by the Accounting Standards Board of Japan (ASBJ). “Total net assets”
through fiscal 2006 represents “Total shareholders’ equity” under the former accounting standards.
7 From fiscal 2003, the Company applied “Accounting Standards Regarding Net Income per Share (Business Accounting Standards No. 2)” and “Practical Guidelines for Applying Accounting Standards Regarding Net Income per Share (Practical Guidelines for Applying Accounting Standards No. 4)” released by the Accounting Standards Board of Japan (ASBJ).
8 From fiscal 2011, the Company calculated net income per share of common stock (diluted) in accordance with “Accounting Standard for Earnings Per Share” (Statement No. 2 issued as of June 30, 2010) and “Guidance on Accounting Standard for Earnings Per Share” (Guidance No. 4 issued as of June 30, 2010) released by the Accounting Standards Board of Japan (ASBJ).
Dilution is not assumed for the years ended March 31, 2010, 2003 and 2002.
9 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 the year ended March 31, 2005, compared with the corresponding amounts which would have been recorded if the previous method had been applied.
10 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.