Announcement on Dividends from Consolidated Subsidiaries and the Difference Between Non-Consolidated Financial Forecasts and the Results of the Previous Fiscal Year
Tokyo Electron (TEL) announced that TEL will receive dividends of surplus from consolidated subsidiaries as follows. In addition, as a results of the dividends, TEL also informed you that TEL calculated our non-consolidated financial forecast for the fiscal year ending March 31, 2019.
There are no changes in the consolidated financial forecast for the fiscal year ending March 31, 2019 from the forecasts released at the time of the previous announcement on October 31, 2018.
1. Summary of dividends
| Consolidated subsidiaries | The amount of dividends (Millions of yen) | The effective date |
| Tokyo Electron Kyushu Ltd. | 90,000 | March 29, 2019 |
| Tokyo Electron Miyagi Ltd. | 80,000 | March 29, 2019 |
| Tokyo Electron Technology Solutions Ltd. | 29,400 | March 29, 2019 |
| Total | 199,400 |
2. Difference between Non-Consolidated Financial Forecast for the fiscal year ending March 31, 2019 (April 1, 2018 - March 31, 2019) and the Results for the previous fiscal year
| Net sales (Millions of yen) | Operating income (Millions of yen) | Ordinary income (Millions of yen) | Net income
(Millions of yen) |
Net income per share
(Yen) |
|
| Results for the year ended March 31, 2018 (A) | 1,052,741 | 122,841 | 128,549 | 91,376 | 556.87 |
| Forecast for the year ending March 31, 2019 (B) | 1,159,000 | 148,000 | 354,000 | 316,000 | 1,926.83 |
| Change (B-A) | 106,258 | 25,158 | 225,450 | 224,623 | |
| Change ratio (%) | 10.1 | 20.5 | 175.4 | 245.8 |
Reason for this announcement
TEL newly calculated and announced the non-consolidated financial forecast for the fiscal year ending March 31, 2019, due to ordinary income and net income increased substantially by recording dividends received from consolidated subsidiaries.
There is no impact on consolidated financial results in the fiscal year ending March 31, 2019, as these are dividends of surplus from consolidated subsidiaries.
Note: The financial forecasts and estimates stated in this announcement are based on certain assumptions judged to be reasonable by 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. TEL 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.
