Consolidated Financial Results for 3rd Quarter of Fiscal Year Ending March 31, 2023

January 30, 2023

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Summary of the Third Quarter Financial Results for the Fiscal Year Ending March 31, 2023

Year-on-Year Comparison: Higher sales and income

Net sales: 37.5% increase

Ordinary income: 99.4% increase

Net income attributable to owners of parent: 51.5% increase

CN Business: Strong customer demand, but effects on income from longer delivery times and the weak yen.

EC Business: Strong demand for semiconductor products as well as the weak yen led to positive results.

PB Business: Design and manufacturing was strong.

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2

Summary of Financial Results: Comparison with Prior Year

(Million yen)

FY2022 3Q

FY2023 3Q

Change

FY2023

(April-December)

(April-December)

Forecast

Net sales

127,892

175,896

48,004

230,000

Cost of sales

110,212

151,116

40,904

Gross profit

17,680

24,780

7,100

Selling, general

12,946

14,371

1,424

& administrative

expenses

Operating income

4,733

10,409

5,675

Non-operating

161

195

33

income

Non-operating

634

2,110

1,475

expenses

Ordinary income

4,260

8,493

4,233

11,000

Net income

3,895

5,901

2,006

7,600

No. of employees

1,274

1,313

39

*Net income is net income attributable to owners of parent

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3

Summary of Financial Results: Change in Net Sales

FY2022

CN

EC Business

EC Business

FY2023

3Q

3Q

Business

(Distribution)

(PB Business)

Net Sales

Net Sales

+¥4.4 bill.

+¥40.9 bill.

+¥2.7 bill.

¥175.9

billion

¥127.9

billion

*Amounts are rounded off

In the segment categories, the PB Business is included in the EC Business.

PB is an abbreviation of "Private Brand;" the title was changed from In-House Brand Business, which was used in the past. The PB Business includes Tokyo Electron Device Nagasaki Limited (TED Nagasaki) and FAST CORPORATION (FAST).

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4

Sales and Income by Segment

  • CN Business: Despite longer delivery times for IT equipment, net sales increased for both product sales and services.
    The profit rate declined due to effects from the weak yen and higher SG&A expenses in conjunction with an increase in employees.
  • EC Business: Supplies of main products remained tight and there were effects from the weak

yen; net sales and segment income were up.

(million yen)

FY2022

FY2023

3Q

3Q

Net Sales

Segment

Net Sales

Change

Segment

Change

Income

Income

Computer Networks (CN)

15,479

1,239

19,862

4,382

1,035

204

business

Electronic Components

112,412

3,021

156,034

43,621

7,458

4,437

(EC) business

Total

127,892

4,260

175,896

48,004

8,493

4,233

  • Segment income is ordinary income
  • In the segment categories, the PB Business is included in the EC Business

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TEL - Tokyo Electron Device Ltd. published this content on 07 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2023 09:41:24 UTC.