TOKYO ELECTRON LIMITED

Announcement on Financial Forecast and Dividends Forecast Revision

The financial forecast and dividends forecast announced on August 1, 2011 have been revised based on recent business trend as follows.


1. Financial Forecast Revision

Consolidated financial forecast revision for the year ending March 31, 2012 (April 1, 2011 - March 31, 2012)

  Net sales
(Millions of yen)
Operating income
(Millions of yen)
Ordinary income
(Millions of yen)
Net income
(Millions of yen)
Net income
per share(yen)
Previous forecast (A) 640,000 50,000 52,000 34,000 189.87
Revised forecast (B) 630,000 57,000 60,500 40,000 223.31
Change (B-A) △10,000 7,000 8,500 6,000
Change ratio (%) △1.6 14.0 16.3 17.6
Results for the year ended March 31, 2011 668,722 97,870 101,919 71,924 401.73


Reason for revision
There is no change to the sales forecast for semiconductor production equipment segment, our main business, the previous forecasts concerning sales in the FPD/PV production equipment segment and the electronic components and computer networks segment were revised downward slightly. Also, income is expected to improve as a result of measures to maintain and strengthen product competitiveness and to cut costs. Accordingly, the consolidated financial forecast for the entire fiscal year announced on August 1, 2011 was revised.

Note: The content of the financial forecast as described in this financial statement is based on certain reasonable assumptions, drawing on the information currently available such as the economic situation in Japan and throughout the world and other variable factors that have impact on the financial results of the Company.
These assumptions may be influenced by market conditions, competitive conditions, the introduction of new products and their success or failure, the global condition of the semiconductor industry and other uncertainties. Therefore, actual sales and profit may differ significantly from the forecast.
These assumptions may be influenced by market conditions, competitive conditions, the introduction of new products and their success or failure, the global condition of the semiconductor industry and other uncertainties. Therefore, actual sales and profit may differ significantly from the forecast.



2. Dividends Forecast Revision
 

  Dividend per share
(Yen) 1Q-end 2Q-end 3Q-end Year-end Total
Previous forecast
(August 1, 2011)
45.00 22.00 67.00
Revised forecast 27.00 80.00
Results for the year ending March 31, 2012 53.0
Results for the year ended March 31, 2011 38.00 76.00 114.00


Reason for revision
The dividend policy of the Company is to link dividend payments to business performance and earnings on an ongoing basis. Its basic policy for returning profits to shareholders is to maintain a payout ratio of around 35% based on consolidated net income. Therefore, in conjunction with the upward revision of the consolidated financial forecast for the year ending March 31, 2012, we have revised the dividend per share payable at the year-end as above.