April 27, 2023

Company name: TOKYO ELECTRON DEVICE LIMITED Representative: Atsushi Tokushige

President & Representative Director

(TSE Prime Market, Stock Exchange Code: 2760)

Contact: Noriaki Uchida

Director, General Affairs Department

TEL: +81-45-443-4000

Announcement of Revisions to the Year-end Dividends Forecast (Increase)

TOKYO ELECTRON DEVICE LIMITED (the "Company") announces that the Company, at its Board of Directors Meeting held today, decided to revise the year-end dividends forecast (increase) with a record date of March 31, 2023 as per the following. It should be noted that the amount of the dividends for this surplus are to be resolved at the Board of Directors to be held in May 2023.

1. Revisions to the Year-end Dividends Forecast

Dividends per share

Record date

End of 2Q

Year-end

Annual

Previous forecast

¥165.00

¥310.00

(announced on October 28, 2022)

Revised forecast

¥210.00

¥355.00

Results for the current fiscal year

¥145.00

Results for the previous fiscal year

¥105.00

¥100.00

¥205.00

(fiscal year ended March 31, 2022)

2. Reasons for Revisions

The Company aims for a consolidated payout ratio of 40%, while taking into account the funding needs for future capital investment and R&D as well as working capital trends. Based on this policy and on the financial results for the fiscal year ended March 31, 2023, the year-end dividends forecast will be revised upward to 210 yen per share. Accordingly, the annual dividends forecast will be 355 yen per share.

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TEL - Tokyo Electron Device Ltd. published this content on 16 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2023 06:39:06 UTC.