Oct 31, 2019

Notice Concerning Payment of Interim Dividends from Surplus Earnings (for the First Half of the Fiscal Year Ending March 31, 2020)

Tokyo Electron (TEL) announced that on October 31, 2019, its Board of Directors had passed a resolution to pay interim dividend from surplus earnings (for the first half of the Fiscal Year Ending March 31, 2020) to shareholders of record as of September 30, 2019 as below.

1. Details of Dividend Payments

Amount resolved

to be paid

Previous forecast

(announced on April 26, 2019)

Dividends paid

in previous fiscal year

(first half of the Fiscal Year Ended March 2019)

Shareholder registration date

September 30, 2019

September 30, 2019

September 30, 2018

Dividends per share

246 yen

193 yen

413 yen

Total dividends paid

38,862 million yen

67,806 million yen

Date dividends start to be paid

November 25, 2019

November 26, 2018

Source of funds to pay dividends

Surplus earnings

Surplus earnings

2. Reason
The dividend policy of TEL is to link dividend payments to business performance on an ongoing basis. Its basic policy for returning profits to shareholders is to maintain a payout ratio of around 50% based on consolidated net income attributable to owners of parent. The consolidated results for the first half of the current fiscal year showed an increase compared to the previous forecast announced on April 26, 2019, and consequently, the dividends for the first half was revised upward to 246 yen per share from previously announced 193 yen per share.