Oct 31, 2008

Announcement on Interim Dividends and Revision of Dividend Forecasts


Tokyo Electron Limited announced today that at the meeting of the Board of Directors held on October 31, 2008, it passed a resolution to pay interim dividends to shareholders of record as of September 30, 2008, and revise dividend forecasts for the current fiscal year ending March 2009, which were announced on August 8, 2008, as follows:

1. Details of interim dividends

Amount

Most recent dividend forecast
(August 8, 2008)

Dividend paid in previous fiscal year (interim period for March 2008)

Shareholder registration date

September 30, 2008

Same as left

September 30, 2007

Dividend per share

20 yen

19 yen

70 yen

Total dividends paid

3,578 million yen

-

12,524 million yen

Date dividends start to be paid

December 1, 2008

-

December 7, 2007

Source of funds to pay dividends

Retained earnings

-

Retained earnings

2. Revision of dividend forecasts

Dividend per share

Shareholder registration date

Interim

Year-end

Annual

Previous forecasts(August 8,2008)

19 yen

21 yen

40 yen

Forecasts revised today

-

4 yen

24 yen

Actual

20 yen

-

-

Dividend paid in previous fiscal year

70 yen

55 yen

125 yen





3. Reason

The Companys dividend policy is to link dividend payments to business performance and revenue on an ongoing basis, and its basic policy for returning earnings to shareholders is to maintain a payout ratio for a given year of around 20% based on consolidated net income attributable to owners of parent for the year. As shown by consolidated financial results for the first half of the current fiscal year, which were announced today, profits for the first half are larger than projected on August 8, 2008, and therefore, the Company will apply its dividend policy to increase the amount of interim dividends it pays. For year-end dividend forecasts, the Company is expected to go into the red during the second half of the current fiscal year based on todays Announcement on Financial Forecast Revision, and therefore, to meet the expectations of shareholders, the dividend of 4 yen per share will be paid. The annual dividend amount is projected to be 24 yen per share, and the annual payout ratio is expected to be 53.7%.