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Electronic Technology

Tokyo Electron Ltd.

Business Summary

Tokyo Electron Ltd. engages in the development, manufacture, and sale of semiconductor production equipment and industrial electronics products for flat panel display manufacturing equipment. It operates through the following segments: Semiconductor Production Equipment (SPE), Flat Panel Display (FPD) Production Equipment and Others. The SPE segment handles the development, manufacture, service, and distribution of coaters/developers, plasma etch systems, thermal processing systems, single wafer deposition systems, cleaning systems, wafer probers, and other semiconductor production equipment. The FPD Production Equipment segment manufactures coater/developer for manufacturing flat panel display and Plasma etching/ashing device. The Others segment includes logistics, facilities management, and insurance businesses. The company was founded in November 11, 1963 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue1,399.10B13,191.92M
Gross Profit564,945M5,326.78M
Operating income320,686M3,023.70M
Income before tax317,038M2,989.30M
Net income242,941M2,290.65M
EBITDA354,728M3,344.67M
Diluted EPS1,553.3014.64
Dividends Per Share7817.36
Total Assets1,425.36B12,899.22M
Total liabilities400,800M3,627.14M
Total equity1,024.56B9,272.05M
Operating cash flow145,888M1,375.55M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 799,719M 1,130.72B 1,278.24B 1,127.28B 1,399.10B
Gross Profit 322,292M 475,033M 526,183M 451,942M 564,945M
Operating income 155,698M 281,173M 310,571M 237,293M 320,686M
Income before tax 149,116M 275,242M 321,508M 244,626M 317,038M
Net income 115,209M 204,371M 248,228M 185,206M 242,941M
EBITDA 174,201M 302,392M 335,248M 266,596M 354,728M
Diluted EPS 700.35 1,241.23 1,507.22 1,164.02 1,553.30
Dividends Per Share 352 624 758 588 781
Total Assets 957,447M 1,202.79B 1,257.62B 1,278.49B 1,425.36B
Total liabilities 311,448M 431,288M 369,511M 448,801M 400,800M
Total equity 645,715M 771,509M 888,117M 829,692M 1,024.56B
Operating cash flow 136,948M 186,582M 189,572M 253,117M 145,888M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 7,385.14M 10,202.14M 11,526.61M 10,368.15M 13,191.92M
Gross Profit 2,976.26M 4,286.04M 4,744.89M 4,156.71M 5,326.78M
Operating income 1,437.82M 2,536.92M 2,800.59M 2,182.49M 3,023.70M
Income before tax 1,377.03M 2,483.40M 2,899.21M 2,249.93M 2,989.30M
Net income 1,063.91M 1,843.96M 2,238.41M 1,703.42M 2,290.65M
EBITDA 1,608.68M 2,728.37M 3,023.12M 2,452.00M 3,344.67M
Diluted EPS 6.46 11.19 13.59 10.70 14.64
Dividends Per Share 3.25 5.63 6.83 5.40 7.36
Total Assets 8,592.36M 11,309.78M 11,362.21M 11,842.85M 12,899.22M
Total liabilities 2,795.01M 4,055.36M 3,338.40M 4,157.29M 3,627.14M
Total equity 5,794.80M 7,254.43M 8,023.82M 7,685.53M 9,272.05M
Operating cash flow 1,264.67M 1,683.46M 1,709.47M 2,328.03M 1,375.55M

Valuation Measures

Mar 2021
PER29.95
ROA17.96%
ROE26.20%
Operating margin22.92%
Profit margin17.36%

Key executives

  • President, CEO & Representative Director: Toshiki Kawai
  • Executive Officer: Shingo Tada
  • Executive Officer, Head-Legal & Export Management: Takeo Sasaki
  • Director & Managing Executive Officer: Kiyoshi Sunohara
  • Director & Senior Managing Executive Officer: Yoshikazu Fukawa

Shareholders

  • Nomura Asset Management Co., Ltd. (9.6%)
  • Nikko Asset Management Co., Ltd. (4.6%)
  • Daiwa Asset Management Co. Ltd. (4.5%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.5%)
  • Asset Management One Co., Ltd. (4.0%)
  • TBS Holdings, Inc. (3.8%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (2.4%)
  • The Vanguard Group, Inc. (2.3%)
  • Capital International Ltd. (2.0%)
  • Capital Research & Management Co. (World Investors) (1.6%)

Contact Details

  • Website:http://www.tel.co.jp
  • Address: Akasaka Biz Tower, 5-3-1 Akasaka, Tokyo, 107-6325, Japan
  • Phone: +81.3.5561.7000

Related Companies

  • TEL Manufacturing & Engineering of America, Inc.
  • Tokyo Electron Technology Solutions Ltd.
  • Tokyo Electron Employee Incentive Plan
  • Tokyo Electron Board Incentive Plan
  • Tokyo Electron Texas, Inc.
  • TEL FSI, Inc.
  • TEL Solar-Lab SA
  • Tokyo Electron Singapore Pte Ltd.
  • Tokyo Electron (Kunshan) Ltd.
  • AMSC Co., Ltd. /Texas Instruments Products Distribution Bus/
  • Tokyo Electron Europe Ltd. (Ireland)
  • Tokyo Electron EE Ltd.
  • Tokyo Electron Israel Ltd.
  • Tokyo Electron Taiwan Ltd.
  • Tokyo Electron Agency Ltd.
  • Tokyo Electron India Pvt Ltd.
  • Tokyo Electron Logistics Ltd.
  • Tokyo Electron Yamanashi Ltd.
  • Tokyo Electron (Shanghai) Logistic Center Ltd.
  • Tokyo Electron (Shanghai) Ltd.
  • Tokyo Electron Miyagi Ltd.
  • TEL Technology Center, America LLC
  • TEL Epion, Inc.
  • Tokyo Electron Massachusetts, LLC
  • Tokyo Electron Technology Development Institute, Inc.
  • Tokyo Electron Korea Solution Ltd.
  • Tokyo Electron Tohoku Ltd.
  • Tokyo Electron PS Ltd.
  • Tokyo Electron AT Ltd.
  • Tokyo Electron Software Technologies Ltd.

Competitors

  • Lam Research Corporation
  • SCREEN Holdings Co., Ltd
  • Applied Materials, Inc.
  • KLA Corporation
  • ASM International N.V.
  • Hitachi,Ltd.
  • ASML Holding NV
  • Advantest Corp.
  • Teradyne, Inc.
  • ACM Research, Inc. Class A
  • KINGSEMI Co., Ltd. Class A
  • Jusung Engineering Co., Ltd
  • AIXTRON SE
  • New Power Plasma Co., Ltd.
  • Grand Process Technology Corporation
  • FormFactor, Inc.
  • ICD Co., Ltd.
  • Aehr Test Systems
  • SEOJIN SYSTEM CO.,LTD
Last Updated on 24 Sep, 2021

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