TOKYO ELECTRON ANNUAL REPORT 2019

PAGE16CONTENTS

To Our Stakeholders

Business Overview
and Financial Highlights

Review of Operations
and Business Outlook

Interview with the CEO

Financial Section
Investor Information

Corporate Governance

Financial Review
Consolidated Balance Sheets
Consolidated Statements of Income
Consolidated Statements of Comprehensive Income
Consolidated Eleven-Year Summary
Consolidated Statements of Changes in Net Assets
Consolidated Subsidiaries
Consolidated Statements of Cash Flows
Independent Auditor’s Report
Notes to Consolidated Financial Statements

Investor Information

Consolidated Eleven-Year SummaryTokyo Electron Limited and Subsidiaries
As of and for the years ended March 31

Thousands ofU.S. dollars

Millions of yen

2019

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

$11,516,718
10,512,487
1,002,449——
1,780
2,798,191
2,896,735
2,236,489
2,186,648¥1,278,240
1,166,781
111,261——197
310,571
321,508248,228
242,696¥1,130,728
1,055,234
75,068——425
281,172
275,242204,371
206,152¥799,719
749,893
49,387——438
155,697
149,116
115,208
119,998¥663,949
613,033
44,687——
6,229
116,789
106,467
77,89260,984¥613,125
576,242
32,7103,618—
555
88,11386,82871,88880,295¥612,170
478,842
28,317
3,806
100,726
479
32,205(11,756)(19,409)(10,889)¥ 497,300
392,027
20,077
83
84,665448
12,54917,767
6,076
15,826¥ 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
—

Domestic sales
Overseas sales

1,881,220
9,635,497

208,796
1,069,443

148,760
981,967

101,122698,597

121,808
542,141

95,046
518,079

161,631450,539

118,504
378,796

171,364
461,727

182,165
486,557

162,609
256,028

208,871299,211

Depreciation and amortization 3
Capital expenditures 4
R&D expenses

219,151448,277
1,026,946

24,32349,754113,980

20,61945,603
97,103

17,872
20,69783,80019,257
13,341
76,287

20,87813,18471,35024,888
12,79978,664

26,631
21,77473,24924,19839,541
81,506

17,707
39,14070,56820,002
14,91954,07423,068
18,10860,988

Total assets 7
Total net assets

11,330,999
8,001,777

1,257,627
888,117

1,202,796
771,509957,447645,999

793,368
564,239

876,154641,163828,592
590,614775,528
605,127

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

12,742

11,946

11,241

10,62910,844

12,304

12,201

10,684

10,343

10,068

10,391

33.91
33.85
3,309.58
51.00
180,61141,287¥ 205.04
204.723,275.14
80.00
180,61142,414¥ 401.73
401.103,198.66
114.00180,61144,896

1.0
2.5
76.5
0.64

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

¥ 40,759¥ 59,256¥ 64,655¥ 41,581¥ 48,896

Net sales
Semiconductor production equipment
FPD production equipment
PV production equipment
Electronic components and computer networks
Other
Operating income (loss)
Income (loss) before income taxes
Net income (loss) attributable to owners of parent
Comprehensive income (loss) 21Number of employees
U.S. dollars

Net income (loss) per share of common stock:
Basic
Diluted 5Net assets per share of common stock
Cash dividends per share of common stock
Number of shares outstanding (thousands)
Number of shareholders$13.64
13.58
48.40
6.83

Yen

¥ 1,513.58
1,507.22
5,371.78758.00165,21050,843¥ 1,245.48
1,241.22
4,674.49
624.00165,21035,186¥ 702.26
700.35
3,919.50
352.00165,210
21,937¥ 461.10
460.003,428.37
237.00165,211
24,664¥ 401.08
400.153,567.23
143.00180,611
20,82930.1
24.3
70.0
1.04

29.0
24.9
63.8
1.05

19.1
19.5
67.2
0.91

13.0
17.6
70.9
0.80

11.8
14.4
73.0
0.72

94,653¥ 71,143¥ 62,466¥ 56,540¥ (108.31)—
3,225.92
50.00
180,61130,563¥¥(50.47)—2,859.37
12.00
180,61139,285

¥

42.15
42.07
2,896.55
24.00
180,61142,509%ROE
Operating margin
Equity ratio 7
Total asset turnover (times) 7
U.S. dollars

Net sales per employee$903,839

(3.3)
5.3
69.8
0.76
Thousands of yen¥ 100,317¥¥ 49,7541	From fiscal 2015, Electronic components and computer networks was 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	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) has been disclosed from fiscal 2010.
3	Depreciation and amortization does not include amortization and loss on impairment of goodwill.
4	Capital expenditures only represent the gross increase in property, plant and equipment.
5	From fiscal 2011, the Company calculated net income per share of common stock (diluted) in accordance with “Accounting Standard for Earning Per Share” (Statement No. 2) and “Guidance on Accounting Standard for Earnings Per Share” (Guidance No. 4) released by the ASBJ. Dilution is not assumed for the years ended March 31, 2014 and 2010.
6	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. Such amounts 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 sum of the corresponding individual amounts.
7 	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.