The history of semiconductors started in 1947 with the invention of the transistor and has already passed its 70th-year milestone. Along with the advancement of semiconductors, remarkable improvements in social productivity and standards of living took place throughout the world. In this age of the Internet of Things (IoT), everything is about to be connected via the internet. With new technologies such as big data and artificial intelligence (AI) becoming increasingly widespread, the introduction of the next-generation 5G telecommunications standards is sure to accelerate the emergence of an entirely data-driven society. Naturally, the use of semiconductors and flat panel displays (FPDs) is also expanding as never before, giving rise to new industries. Tokyo Electron’s (TEL) semiconductor and flat panel display (FPD) production equipment forms the foundation for these new industries, and also serves as their core technologies that support innovations and enable the evolution of wide-ranging electronic devices.
Anticipating a continued growth of the semiconductor and FPD production equipment markets, TEL updated its financial model in May 2019. We retained the projections of the model announced last year for net sales and operating income and supplemented these with a new scenario of ¥2 trillion in net sales. We also removed the cap on the ROE target and raised the goal to “over 30%,” which should be attainable within the next five years. To achieve this goal, we are remaining bullish in our investment strategy considering our expected growth level, aiming to obtain the highest earning power in the world by delivering the best products and services. Upholding the vision of becoming “A truly global company generating high added value and profits in the semiconductor and flat panel display industries through innovative technologies and groundbreaking proactive solutions that integrate diverse technologies,” the TEL group is highly motivated and dedicated to the pursuit of continued growth while seeking to maximize its business value. In keeping with the trust and expectations of the stakeholders, TEL is determined to maintain and reinforce its transparent management practices to contribute to both industry and society. We appreciate your continued support for TEL and look forward to sharing a brighter future with you.
Representative Director, President & CEO