FAQ

TEL-AMAT business combination

Q.
What will I receive for my Tokyo Electron (TEL) shares?
A.
In exchange for TEL shares, shareholders of TEL will receive shares of a newly formed holding company (HoldCo), which was incorporated in the Netherlands and will become the wholly owning parent company of TEL and Applied Materials as part of the Business Combination.
Q.
Who will be entitled to receive shares in the Business Combination (or triangular share exchange)?
A.
The shares of HoldCo will be allotted to TEL shareholders as of the time immediately preceding the completion of the Business Combination.
Q.
When is the Business Combination expected to be completed?
A.
The Business Combination will be completed following approval of certain governmental regulators and authorities. Currently we expect to complete the Business Combination in the second half of 2014.
Q.
What is the procedure for the delivery of shares of a newly formed holding company (HoldCo)?
A.
The shares of HoldCo that will be issued to TEL shareholders are to be listed on the foreign shares section of the Tokyo Stock Exchange. We plan to allocate the HoldCo shares on the day after the Business Combination. The shares can be received by inquiring about the current status of your account with your securities company and opening a foreign securities trading account in advance.
Q.
How many shares of HoldCo can we receive per one TEL share?
A.
3.25 HoldCo shares will be allotted to each TEL share. If you have 100 TEL shares, for example, you will receive 325 HoldCo shares.
Q.
Will TEL shareholders resident in Japan be subject to taxation in relation to the shared delivery procedures?
A.
The receipt of an allocation of HoldCo shares in relation to TEL shares will not result in the imposition of Japanese taxes (except for adjustments regarding fractional shares).
Q.
I currently own shares constituting less than one unit of 100 shares. What will happen in the case where fractional shares occur as part of the allocated shares?
A.
We will adjust for fractional shares by paying an amount equivalent to the fractional shares to shareholders in Japanese yen.
Q.
Will trading of TEL shares be terminated? When will this happen?
A.
We plan to terminate trading of TEL shares in conjunction with the Business Combination, but we plan to list the HoldCo shares on the foreign shares section of the Tokyo Stock Exchange. The day of suspension of trading is scheduled for three business days before the Business Combination date.
Q.
Will it be possible to trade shares even after the Business Combination? (Will it be possible to liquidate share holdings?)
A.
We plan to list the HoldCo shares issued in conjunction with the Business Combination on the foreign shares section of the Tokyo Stock Exchange, and therefore, it will be possible to conduct normal trading through securities companies.
Q.
Where will the HoldCo share be listed?
A.
HoldCo plans to submit a new listing application to both the Tokyo Stock Exchange and the Nasdaq Global Select Market.
Q.
When will it be possible to trade shares allocated in conjunction with the Business Combination?
A.
We plan to make it possible to trade HoldCo shares allocated in conjunction with the Business Combination on the Tokyo Stock Exchange one or two business days after the Business Combination date.
Q.
What will be the trading unit and trading currency of shares allocated in conjunction with the Business Combination?
A.
It will be possible to conduct market trading of the HoldCo shares allocated in conjunction with the Business Combination in units of one share in Japanese yen.

General

Q.
When was Tokyo Electron established?
A.
TEL was established on November 11, 1963.
Q.
What does TEL stand for?
A.
The Company was established as Tokyo Electron Laboratories, Inc. TEL was named using the first three letters of the Company's name. The present company name, Tokyo Electron Limited, also uses the name TEL.
Q.
When and where was TEL listed / traded?
A.
Stocks of Tokyo Electron are listed among manufacturing companies (electric appliances) on the 1st Section of the Tokyo Stock Exchange, with the securities code 8035. Tokyo Electron was first listed on the 2nd Section of the Tokyo Stock Exchange in June 1980 and then moved to the First Section in March 1984.
Q.
What types of products does TEL manufacture and distribute?
A.
okyo Electron develops, manufactures and sells cutting-edge semiconductor production equipment (SPE) and flat panel display (FPD) production equipment. TEL also distributes superior electronic components and computer network-related systems from around the world. Please see the Business Portfolio page for more details.
Business Portfolio

Financial

Q.
What is Tokyo Electron's accounting period, and when does it announce financial results?
A.
Tokyo Electron's accounting period is until March 31 of each year, and it announces its financial results on a quarterly basis. Please refer to the IR Calendar page for future financial announcements.
IR Calendar
Q.
Where can I find financial results for recent accounting periods?
A.
The most recent financial results are posted on the Investor Relations home page as "Earnings Release". Financial statements as well as presentation materials and Q&As from meetings for analysts and investors can be accessed.
Earnings Release
Q.
Is it possible to find TEL financial estimates for the current fiscal year?
A.
Please see the Financial Data page. Please note that changes in external and internal factors can result in revisions in the forecast for the current term. When such revisions are made, they will be filed with the Tokyo Stock Exchange and also immediately announced on TEL website.
FY2013 Estimates
Q.
Can I see a streaming video of business results presentation?
A.
Videos of the annual and semi-annual financial meetings to analysts and investors are available for viewing. Videos are posted on the Earnings Release page (for a period of three months after the meeting).
Earnings Release
Q.
Where can I find Tokyo Electron's quarterly orders?
A.
They are disclosed in the presentation materials at the time of earnings release on a quarterly basis. See the presentation materials on the Earnings Release page.
Quarterly Orders
Q.
What sort of risks affect the financial results of Tokyo Electron?
A.
The market in which Tokyo Electron operates is characterized by fierce competition and rapid technological innovation, and is sensitive to the dynamic supply and demand for items such as semiconductors and LCD panels. The following factors may affect financial results: economic situation, condition of the semiconductor/LCD panel markets, intensification of sales competition, Tokyo Electron's ability to respond to rapid technological innovations, safety and quality control, and risks associated with intellectual property rights, etc. For more information on these risks, please refer to the "Business-related and Other Risks" section in Annual Report.
Q.
Who performs audits of Tokyo Electron?
A.
KPMG AZSA & Co

Stocks / General Shareholders' Meetings

Q.
What is the trading unit for Tokyo Electron stocks?
A.
Common stocks of Tokyo Electron are traded on the Tokyo Stock Exchange in units of 100 shares.
Q.
Who is the transfer agent for Tokyo Electron?
A.
The transfer agent for Tokyo Electron is Sumitomo Mitsui Trust Bank, Limited.
Toll free : 0120-782-031
Web site : http://www.smtb.jp/personal/agency/index.html(Open in new window)
Q.
How can I request the repurchase of odd-lot shares?
A.
Sumitomo Mitsui Trust Bank, Limited manages the shareholder register for Tokyo Electron and handles requests regarding the repurchase of less than 100 shares that result from stock splits, etc. Please contact your nearest Sumitomo Mitsui Trust Bank, Limited branch, or visit their website, for more details.
Web site : http://www.smtb.jp/personal/agency/index.html(Open in new window)
Q.
What will this year's dividends be?
A.
Please refer to the Dividend Policy & Dividends page.
Dividend Policy & Dividends
Q.
When is the annual general meeting of shareholders held?
A.
It is held every year in the latter half of June. As soon as the day of the meeting is decided, it is posted on the IR Calendar and Shareholders' Meeting pages.
IR Calendar
Shareholders' Meeting
Q.
What do I need to do to attend the general meeting of shareholders?
A.
Please bring the "Form for Execution of the Right to Vote" included with the "Notice of the General Meeting of Shareholders" sent to shareholders at the end of May to the meeting venue.
Q.
How can I exercise my right to vote if I cannot attend the general meeting of shareholders?
A.
There are two ways. (1) Mark yes or no for each of the proposals listed on the "Form for Execution of the Right to Vote" included with the "Notice of the General Meeting of Shareholders," sign it and return it by mail. (2) Use Tokyo Electron's designated website to vote (http://www.web54.net). Either method allows shareholders to exercise their right to vote even if they cannot attend the general meeting of shareholders.
Web site : http://www.web54.net(Open in new window)
Q.
Is it possible to find out in advance what proposals will be put forward at the general meeting of shareholders?
A.
Please refer to the "Notice of the General Meeting of Shareholders" posted on the Shareholders' Meeting page.
Shareholders' Meeting

Other

Q.
How can I obtain shareholder/investor materials?
A.
Please use the Inquiries / Requests for Brochures page.
Inquiries / Requests for Brochures
Q.
Is it possible to obtain information regularly via an e-mail newsletter?
A.
Yes, it is. Please access to Request News for a subscription.
Request News

Investor Relations

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  • Financial Information
  • IR Library
  • Stocks and Bonds Information
  • IR Calendar
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