Announcement on Financial Forecast and Dividends Forecast Revision
Tokyo Electron Ltd. (TEL) announced that the financial forecast and the dividends forecast announced on July 28, 2015 have been revised based on recent business trend as follows.
| Net sales(Millions of yen) | Operating income(Millions of yen) | Ordinary income(Millions of yen) | Net income attributable to owners of parent (Millions of yen) | Net income per share(Yen) | |
| Previous forecast(A) | 645,000 | 95,000 | 95,000 | 66,000 | 373.78 |
| Revised forecast(B) | 660,000 | 105,000 | 106,000 | 72,000 | 423.07 |
| Change(B-A) | 15,000 | 10,000 | 11,000 | 6,000 | |
| Change ratio(%) | 2.3 | 10.5 | 11.6 | 9.1 | |
| Results for the year ended March 31, 2015 | 613,124 | 88,113 | 92,949 | 71,888 | 401.08 |
Reason for financial forecast revision
The financial forecast for the fiscal year ending March 2016 announced on July 28, 2015 has been revised up in the light of our current orders and sales forecast of our core semiconductor production equipment segment.
Note: The financial forecasts and estimates stated in this announcement are based on certain assumptions judged to be reasonable by the TEL 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.
| Dividend per share | |||||
| (Yen) | 1Q-end | 2Q-end | 3Q-end | Year-end | Total |
| Previous forecast (July 28, 2015) | － | 105.00 | － | 83.00 | 188.00 |
| Revised forecast | － | － | － | 94.00 | 219.00 |
| Results for the year ending March 31, 2016 | － | 125.00 | － | ||
| Results for the year ended March 31, 2015 | 10.00 | 30.00 | 35.00 | 68.00 | 143.00 |
Reason for dividend forecast revision
The dividend policy of TEL is to link dividend payments to business performance on an ongoing basis. TEL adopted the new shareholders returning policy from the fiscal year ending March 31, 2016 and provided returns directly to shareholders with the basic policy that is to maintain a payout ratio of around 50% based on consolidated net income attributable to owners of parent. In conjunction with the revision of our consolidated forecasts, TEL has also revised our dividends forecast per share as above.
