TOKYO ELECTRON LIMITED

Announcement on Financial Forecast Revision

The financial forecast announced on April 30, 2013 has been revised based on recent business trend as follows.

Consolidated financial forecast revision for the first six months of the fiscal year ending March 31, 2014 (April 1, 2013 - September 30, 2013)

  Net sales
(Millions of yen)
Operating income
(Millions of yen)
Net income
(Millions of yen)
Net income
per share(Yen)
Previous forecast (A) 252,000 △8,000 △3,000 △16.74
Revised forecast (B) 252,000 △6,500 △1,000 △5.58
Change (B-A) 1,500 2,000
Change ratio (%)
Results for the six months ended September 30, 2012 266,600 12,202 6,090 33.99


Consolidated financial forecast revision for the year ending March 31, 2014 (April 1, 2013 - March 31, 2014)

  Net sales
(Millions of yen)
Operating income
(Millions of yen)
Net income
(Millions of yen)
Net income
per share(Yen)
Previous forecast (A) 570,000 18,000 13,000 72.55
Revised forecast (B) 562,000 18,000 13,000 72.55
Change (B-A) △8,000
Change ratio (%) △1.4
Results for the year ended March 31, 2013 497,299 12,548 6,076 33.91



Reason for financial forecast revision
Due to signs of improvement in sales of our core semiconductor production equipment segment, growth is expected in the first half of the fiscal year and the original forecast for the second half of the fiscal year is unchanged. Accordingly, growth is expected for the full year. In the PV production equipment segment, due to a slight delay in the originally forecast period for investment decisions by customers, the net sales forecasts for both the first and second halves of the fiscal year have been reduced. As a result of these factors, profit for the entire group is expected to increase for the first half of the fiscal year and a slight decline in profits is expected for the second half of the fiscal year, although for the full year the forecasts remain unchanged. Based on this, consolidated forecasts for the first half and full year announced on April 30, 2013 have been revised.

Note: The financial forecasts and estimates stated in this announcement are based on certain assumptions judged to be reasonable by the Company in light of information currently available concerning economic conditions in Japan and overseas, fluctuations in foreign exchange rates, and other factors that may have an impact on performance. The company does not promise that the forecasts or estimates will be accurate.
They are therefore susceptible to the impact of many uncertainties, including market conditions, competition, the launching of new products (and their success or failure), and global conditions in the semiconductor related industry. Consequently, actual sales and profits may differ substantially from the projections stated in this announcement.