Tokyo Electron : Presentations（699KB）

Q1 FY2024 (April - June 2023) Financial Announcement

August 10, 2023

Agenda:

• Q1 FY2024 Consolidated Financial Summary

Hiroshi Kawamoto, Senior Vice President & General Manager, Finance Unit

• Business Environment and Financial Estimates

Toshiki Kawai, Representative Director, President & CEO

Forward Looking Statements

• Disclaimer regarding forward-looking statements
  Forward-looking statements with respect to TEL's business plan, prospects and other such information are based on information available at the time of publication. Actual performance and results may differ significantly from the business plan described here due to changes in various external and internal factors, including the economic situation, geopolitical risk, semiconductor/FPD* market conditions, intensification of sales competition, safety and product quality management, intellectual property-related risks and impacts from COVID-19.
• Processing of numbers
  For the amount listed, because fractions are rounded down, there may be the cases where the total for certain account titles does not correspond to the sum of the respective figures for account titles. Percentages are calculated using full amounts, before rounding.
• Foreign exchange risk
  In principle, export sales of Tokyo Electron's products is denominated in yen. Although some sales and expenses are denominated in foreign currencies, the impact of exchange rate fluctuations on profits is negligible, unless extreme fluctuations occur.

* FPD: Flat panel display

Investor Relations / August 10, 2023

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Q1 FY2024 Consolidated Financial Summary

August 10, 2023

Hiroshi Kawamoto

Senior Vice President & General Manager, Finance Unit

Financial Summary

								(Billion Yen)
		FY2023			FY2024	QoQ	YoY
	Q1	Q2		Q3	Q4	Q1	vs. Q4	vs. Q1
		FY2023	FY2023
Net sales	473.6	709.2		467.8	558.2	391.7	-29.8%	-17.3%
Gross profit	200.5	328.2		203.9	251.6	162.3	-35.5%	-19.1%
Gross profit margin	42.3%	46.3%		43.6%	45.1%	41.4%	-3.7pts	-0.9pts
SG&A expenses	83.0	95.6		89.1	98.9	79.8	-19.2%	-3.8%
Operating income	117.5	232.6		114.7	152.7	82.4	-46.0%	-29.9%
Operating margin	24.8%	32.8%		24.5%	27.4%	21.0%	-6.4pts	-3.8pts
Income before income taxes	117.6	235.2		116.3	155.6	83.0	-46.7%	-29.4%
Net income attributable to	88.0	179.2		85.5	118.6	64.3	-45.8%	-27.0%
owners of parent
R&D expenses	42.1	49.1		46.1	53.7	43.6	-18.8%	3.6%
Capital expenditures	18.0	17.3		12.5	26.3	39.3	49.2%	117.7%
Depreciation and amortization	9.7	9.8		11.2	12.0	10.6	-12.0%	9.0%

1. In principle, export sales of Tokyo Electron's products is denominated in yen. Although some sales and expenses are denominated in foreign currencies, the impact of exchange rate fluctuations on profits is negligible, unless extreme fluctuations occur.
2. Profit ratios are calculated using full amounts, before rounding.

Investor Relations / August 10, 2023

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Financial Performance (Quarterly)

			(Billion Yen)
800									60%
												50%
600
										41.4%	40%
400							391.7		30%
										21.0%	20%
200
										82.4	64.3	10%
0									0%
							FY2023		FY2024
					Q1	Q2		Q3	Q4	Q1
			Net sales		473.6	709.2		467.8	558.2	391.7
			Operating income		117.5	232.6		114.7	152.7	82.4
			Net income attributable		88.0	179.2		85.5	118.6	64.3
			to owners of parent
			Gross profit margin		42.3%	46.3%		43.6%	45.1%	41.4%
			Operating margin		24.8%	32.8%		24.5%	27.4%	21.0%
Investor Relations / August 10, 2023								5