Notice Concerning Payment of Interim Dividends from Surplus Earnings (for the First Half of the Fiscal Year Ending March 31, 2018)

Tokyo Electron (TEL) announced that on October 31, 2017, 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, 2018) to shareholders of record as of September 30, 2017 as below.

1. Details of Dividend Payments
  Amount resolved to be paid

Previous forecast
(announced on April 28,2017)
Dividends paid
in previous fiscal year
(first half of the Fiscal Year Ended March 2017)
Shareholder registration date September 30, 2017 September 30, 2017 September 30, 2016
Dividends per share 277yen 241yen 128yen
Total dividends paid 45,450 million yen 20,999 million yen
Date dividends start to be paid November 27, 2017 November 28, 2016
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 announced today showed an increase compared to the previous forecast, and consequently, the dividends for the first half was revised upward.