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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 2022 JPYUSD
Revenue2,003.80B17,831.78M
Gross Profit911,822M8,114.26M
Operating income599,271M5,332.88M
Income before tax596,698M5,309.99M
Net income437,076M3,889.52M
EBITDA636,204M5,661.55M
Diluted EPS2,793.9024.86
Dividends Per Share1,40312.48
Total Assets1,894.45B15,608.29M
Total liabilities547,407M4,510.04M
Total equity1,347.04B11,098.23M
Operating cash flow283,387M2,521.84M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,130.72B 1,278.24B 1,127.28B 1,399.10B 2,003.80B
Gross Profit 475,033M 526,183M 451,942M 564,945M 911,822M
Operating income 281,173M 310,571M 237,293M 320,686M 599,271M
Income before tax 275,242M 321,508M 244,626M 317,038M 596,698M
Net income 204,371M 248,228M 185,206M 242,941M 437,076M
EBITDA 302,392M 335,248M 266,596M 354,728M 636,204M
Diluted EPS 1,241.23 1,507.22 1,164.02 1,553.30 2,793.90
Dividends Per Share 624 758 588 781 1,403
Total Assets 1,202.79B 1,257.62B 1,278.49B 1,425.36B 1,894.45B
Total liabilities 431,288M 369,511M 448,801M 400,800M 547,407M
Total equity 771,509M 888,117M 829,692M 1,024.56B 1,347.04B
Operating cash flow 186,582M 189,572M 253,117M 145,888M 283,387M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 10,202.14M 11,526.61M 10,368.15M 13,191.92M 17,831.78M
Gross Profit 4,286.04M 4,744.89M 4,156.71M 5,326.78M 8,114.26M
Operating income 2,536.92M 2,800.59M 2,182.49M 3,023.70M 5,332.88M
Income before tax 2,483.40M 2,899.21M 2,249.93M 2,989.30M 5,309.99M
Net income 1,843.96M 2,238.41M 1,703.42M 2,290.65M 3,889.52M
EBITDA 2,728.37M 3,023.12M 2,452.00M 3,344.67M 5,661.55M
Diluted EPS 11.19 13.59 10.70 14.64 24.86
Dividends Per Share 5.63 6.83 5.40 7.36 12.48
Total Assets 11,309.78M 11,362.21M 11,842.85M 12,899.22M 15,608.29M
Total liabilities 4,055.36M 3,338.40M 4,157.29M 3,627.14M 4,510.04M
Total equity 7,254.43M 8,023.82M 7,685.53M 9,272.05M 11,098.23M
Operating cash flow 1,683.46M 1,709.47M 2,328.03M 1,375.55M 2,521.84M

Valuation Measures

Mar 2022
PER22.52
ROA26.33%
ROE36.85%
Operating margin29.90%
Profit margin21.81%

Key executives

  • President, CEO & Representative Director: Toshiki Kawai
  • Representative Director & Vice President: Sadao Sasaki
  • Executive Officer: Shingo Tada
  • Executive Officer, Head-Legal & Export Management: Takeo Sasaki
  • Corporate Officer & General Manager-SPE Business: Yoshinobu Mitano

Shareholders

  • Nomura Asset Management Co., Ltd. (9.2%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.7%)
  • Nikko Asset Management Co., Ltd. (4.6%)
  • Daiwa Asset Management Co. Ltd. (4.4%)
  • TBS Holdings, Inc. (3.6%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (2.4%)
  • The Vanguard Group, Inc. (2.4%)
  • Capital Research & Management Co. (World Investors) (2.3%)
  • Capital International Ltd. (2.0%)
  • BlackRock Fund Advisors (1.7%)

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
  • Hitachi,Ltd.
  • ASM International N.V.
  • ASML Holding NV
  • Advantest Corp.
  • Teradyne, Inc.
  • ACM Research, Inc. Class A
  • KINGSEMI Co., Ltd. Class A
  • Jusung Engineering Co., Ltd
  • SUESS MicroTec SE
  • AIXTRON SE
  • Grand Process Technology Corporation
  • New Power Plasma Co., Ltd.
  • FormFactor, Inc.
  • BE Semiconductor Industries N.V.
  • Aehr Test Systems
Last Updated on 15 Aug, 2022

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