Nov 12, 2021

Notice Concerning Payment of Interim Dividends from Surplus (for the First Half of the Fiscal Year Ending March 31, 2022)

Tokyo Electron (TEL) announced that on November 12, 2021, its Board of Directors had passed a resolution to pay interim dividend from surplus (for the first half of the Fiscal Year Ending March 31, 2022) to shareholders of record as of September 30, 2021 as below.

1. Details of Dividend Payments

Amount resolved

to be paid

Previous forecast
(announced on August 16, 2021)

Dividends paid
in previous fiscal year
(first half of the Fiscal Year
Ended March 2021)

Shareholder registration date

September 30, 2021

September 30, 2021

September 30, 2020

Dividends per share

643 yen

562 yen

360 yen

Total dividends paid

100,506 million yen

56,191 million yen

Date dividends start to be paid

December 9, 2021

November 27, 2020

Source of funds to pay dividends

Retained earnings

Retained 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 August 16, 2021, and consequently, the dividends for the first half was revised upward to 643 yen per share from previously announced 562 yen per share.