TOKYO ELECTRON DEVICE LIMITED Summary of Consolidated Financial Results | |
For The First Quarter Ended June 30, 2022 | |
[Japanese GAAP] | |
July 27, 2022 | |
Company name: | TOKYO ELECTRON DEVICE LIMITED |
Stock exchange listing: | Tokyo Stock Exchange Prime Market (Code 2760) |
URL: | https://www.teldevice.co.jp/eng/ |
Representative: | Atsushi Tokushige, President & Representative Director |
Contact: | Hiroki Tanaka, Director, Financial Department |
TEL: | +81-45-443-4000 |
(Amounts are rounded down to the nearest million yen.) |
1. Consolidated Financial Highlights for the First Quarter Ended June 30, 2022 (April 1, 2022 to June 30, 2022)
(1) Consolidated Operating Results (cumulative)
(% indicates changes from the same period of previous fiscal year.)
Net income | ||||||||||||||||
Net sales | Operating income | Ordinary income | attributable to owners | |||||||||||||
of parent | ||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||
The First Quarter | 50,677 | 23.6 | 2,957 | 102.6 | 2,160 | 80.7 | 1,479 | (20.1) | ||||||||
ended June 30, 2022 | ||||||||||||||||
The First Quarter | 41,009 | 44.1 | 1,459 | 140.3 | 1,195 | 78.6 | 1,851 | 326.8 | ||||||||
ended June 30, 2021 | ||||||||||||||||
(Note) Comprehensive income: The First Quarter ended June 30, 2022 | 1,940 million yen [(18.2%)] | |||||||||||||||
The First Quarter ended June 30, 2021 | 2,372 million yen [536.9%] | |||||||||||||||
Basic net income | Diluted net income | |||||||||||||||
per share | per share | |||||||||||||||
Yen | Yen | |||||||||||||||
The First Quarter | ||||||||||||||||
ended June 30, 2022 | 149.44 | - | ||||||||||||||
The First Quarter | ||||||||||||||||
ended June 30, 2021 | 183.45 | - | ||||||||||||||
(2) Consolidated Financial Position | ||||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||||
Millions of yen | Millions of yen | % | ||||||||||||||
As of June 30, 2022 | 116,584 | 32,924 | 27.3 | |||||||||||||
As of March 31, 2022 | 107,801 | 32,018 | 28.7 |
(Reference) Equity: As of June 30, 2022 31,855 million yen As of March 31, 2022 30,953 million yen
2. Dividends
Annual dividends per share | ||||||||||
End of 1Q | End of 2Q | End of 3Q | Year-end | Annual | ||||||
Yen | Yen | Yen | Yen | Yen | ||||||
Fiscal year ended | - | 105.00 | - | 100.00 | 205.00 | |||||
March 31, 2022 | ||||||||||
Fiscal year ending | - | |||||||||
March 31, 2023 | ||||||||||
Fiscal year ending | ||||||||||
March 31, 2023 | 105.00 | - | 135.00 | 240.00 | ||||||
( | (Forecast) | |||||||||
Note) Revision of dividends forecast: None |
3. Consolidated Financial Forecasts for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)
(% | indicates changes from the same | period of | previous fiscal year.) | ||||||
Net income | Basic net income | ||||||||
Net sales | Ordinary income | attributable to owners | |||||||
per share | |||||||||
of parent | |||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||
September 30, | 94,500 | 14.2 | 3,650 | 47.1 | 2,540 | (4.0) | 256.61 | ||
2022 (cumulative) | |||||||||
Fiscal year ending | 200,000 | 11.2 | 8,500 | 16.2 | 5,900 | 16.0 | 596.07 | ||
March 31, 2023 | |||||||||
(Note) Revision of | financial forecasts: None | ||||||||
*Notes | |||||||||
(1) Changes of significant subsidiaries during the period | : None |
- Changes in accounting policies, accounting estimates, and restatements
1) | Changes due to revision of accounting standards | : None |
2) | Changes in accounting standards other than 1) | : None |
3) | Changes in accounting estimates | : None |
4) | Restatements | : None |
(3) Number of shares outstanding (common stock)
1) Number of shares outstanding at the end of the period (including treasury stock):
June 30, 2022 | 10,445,500 shares | |
March 31, 2022 | 10,445,500 shares | |
2) Number of shares of treasury stock at the end of the period: | ||
June 30, 2022 | 536,966 shares | |
March 31, 2022 | 547,375 shares | |
3) Average number of shares outstanding during the period: | ||
The First Quarter ended June 30, 2022 | 9,903,372 shares | |
The First Quarter ended June 30, 2021 | 10,092,779 shares |
(Note) The Company has adopted the Directors' Compensation BIP (Board Incentive Plan) Trust and the ESOP (Employee Stock Ownership Plan) Trust, and the "Trust-Type Employee Shareholding Incentive Plan (E- Ship)", and has included the number of the Company's shares held by both Trusts accordingly in the number of shares of treasury stock.
*This quarterly financial report is outside the scope of an audit procedure by the Certified Public Accountant or the Audit firm.
*Explanation of the appropriate use of finance forecasts and other special notes
The financial forecasts and other estimates herein are based on currently available information and certain assumptions deemed reasonable at time of report issuance. The Company does not guarantee the achievement of these forecasts. Actual operating results may differ significantly from these forecasts due to various factors.
Consolidated Financial Statements and Segment Information
(1) Consolidated Balance Sheets
(Millions of yen) | ||||||
FY 2022 | FY 2023 | |||||
(As of Mar. 31, 2022) | (As of Jun. 30, 2022) | |||||
Assets | ||||||
Current assets | ||||||
Cash and deposits | 5,134 | 4,397 | ||||
Notes and accounts receivable - trade, and | 47,217 | 47,244 | ||||
contract assets | ||||||
Electronically recorded monetary claims - | 3,231 | 3,482 | ||||
operating | ||||||
Merchandise and finished goods | 25,937 | 33,402 | ||||
Raw materials | 1,570 | 1,913 | ||||
Prepaid expenses | 11,732 | 13,935 | ||||
Other | 4,077 | 3,391 | ||||
Allowance for doubtful accounts | (7) | (3) | ||||
Total current assets | 98,895 | 107,763 | ||||
Non-current assets | ||||||
Property, plant and equipment | 3,662 | 3,591 | ||||
Intangible fixed assets | 157 | 147 | ||||
Investments and other assets | ||||||
Retirement benefit asset | 297 | 313 | ||||
Other | 4,836 | 4,815 | ||||
Allowance for doubtful accounts | (47) | (47) | ||||
Total investments and other assets | 5,086 | 5,081 | ||||
Total non-current assets | 8,906 | 8,820 | ||||
Total assets | 107,801 | 116,584 |
- 1 -
(Millions of yen) | |||
FY 2022 | FY 2023 | ||
(As of Mar. 31, 2022) | (As of Jun. 30, 2022) | ||
Liabilities | |||
Current liabilities | |||
Accounts payable - trade | 15,434 | 18,456 | |
Short-term borrowings | 14,521 | 18,299 | |
Current portion of long-term borrowings | 4,840 | 4,833 | |
Advances received | 14,477 | 16,966 | |
Provision for bonuses | 1,786 | 777 | |
Other | 5,562 | 5,371 | |
Total current liabilities | 56,622 | 64,705 | |
Non-current liabilities | |||
Long-term borrowings | 9,963 | 9,885 | |
Retirement benefit liability | 8,166 | 7,941 | |
Other | 1,030 | 1,127 | |
Total non-current liabilities | 19,160 | 18,954 | |
Total liabilities | 75,783 | 83,659 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 2,495 | 2,495 | |
Capital surplus | 5,652 | 5,652 | |
Retained earnings | 24,262 | 24,698 | |
Treasury stock | (1,947) | (1,920) | |
Total shareholders' equity | 30,463 | 30,926 | |
Accumulated other comprehensive income | |||
Valuation difference on available-for-sale | 54 | 45 | |
securities | |||
Deferred gains or losses on hedges | (155) | (202) | |
Foreign currency translation adjustment | 586 | 1,093 | |
Remeasurements of defined benefit plans | 4 | (7) | |
Total accumulated other comprehensive | 489 | 929 | |
income | |||
Non-controlling interests | 1,065 | 1,069 | |
Total net assets | 32,018 | 32,924 | |
Total liabilities and net assets | 107,801 | 116,584 | |
- 2 -
- Consolidated Statements of Income and Comprehensive Income Consolidated Statements of Income
(Millions of yen) | ||||||
FY 2022 | FY 2023 | |||||
(from Apr. 1, 2021 | (from Apr. 1, 2022 | |||||
to Jun. 30, 2021) | to Jun. 30, 2022) | |||||
Net sales | 41,009 | 50,677 | ||||
Cost of sales | 35,377 | 43,247 | ||||
Gross profit | 5,632 | 7,430 | ||||
Selling, general and administrative expenses | ||||||
Salaries and allowances | 1,720 | 1,783 | ||||
Provision for bonuses | 631 | 699 | ||||
Retirement benefit expenses | 157 | 162 | ||||
Other | 1,662 | 1,827 | ||||
Total selling, general and administrative | 4,173 | 4,472 | ||||
expenses | ||||||
Operating income | 1,459 | 2,957 | ||||
Non-operating income | ||||||
Share of profit of entities accounted for using | 15 | 25 | ||||
equity method | ||||||
Other | 41 | 14 | ||||
Total non-operating income | 57 | 39 | ||||
Non-operating expenses | ||||||
Foreign exchange losses | 289 | 797 | ||||
Other | 32 | 38 | ||||
Total non-operating expenses | 321 | 836 | ||||
Ordinary income | 1,195 | 2,160 | ||||
Extraordinary income | ||||||
Gain on sales of non-current assets | 1 | - | ||||
Gain on receipt of donated non-current assets | 1,888 | - | ||||
Gain on sales of investments in capital of | 31 | - | ||||
subsidiaries and affiliates | ||||||
Total extraordinary income | 1,921 | - | ||||
Extraordinary losses | ||||||
Loss on sales of non-current assets | 0 | - | ||||
Loss on retirement of non-current assets | 0 | 0 | ||||
Total extraordinary losses | 0 | 0 | ||||
Net income before income taxes | 3,117 | 2,160 | ||||
Income taxes | 940 | 659 | ||||
Net income | 2,176 | 1,501 | ||||
Net income attributable to non-controlling | 325 | 21 | ||||
interests | ||||||
Net income attributable to owners of parent | 1,851 | 1,479 |
- 3 -
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TEL - Tokyo Electron Device Ltd. published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 06:33:18 UTC.
