Oct 29, 2020

Notice Concerning Payment of Interim Dividends from Surplus Earnings (for the First Half of the Fiscal Year Ending March 31, 2021)

Tokyo Electron (TEL) announced that on October 29, 2020, 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, 2021) to shareholders of record as of September 30, 2020 as below.

1. Details of Dividend Payments

Amount resolved

to be paid

Previous forecast
(announced on June 18, 2020)

Dividends paid
in previous fiscal year
(first half of the Fiscal Year
Ended March 2020)

Shareholder registration date

September 30, 2020

September 30, 2020

September 30, 2019

Dividends per share

360 yen

306 yen

246 yen

Total dividends paid

56,191 million yen

38,862 million yen

Date dividends start to be paid

November 27, 2020

November 25, 2019

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 June 18, 2020, and consequently, the dividends for the first half was revised upward to 360 yen per share from previously announced 306 yen per share.