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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 2020 JPYUSD
Revenue1,127.28B10,368.15M
Gross Profit451,942M4,156.71M
Operating income237,293M2,182.49M
Income before tax244,626M2,249.93M
Net income185,206M1,703.42M
EBITDA266,596M2,452.00M
Diluted EPS1,164.0210.70
Dividends Per Share5885.40
Total Assets1,278.49B11,842.85M
Total liabilities448,801M4,157.29M
Total equity829,692M7,685.53M
Operating cash flow253,117M2,328.03M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 663,948M 799,719M 1,130.72B 1,278.24B 1,127.28B
Gross Profit 267,210M 322,292M 475,033M 526,183M 451,942M
Operating income 116,788M 155,698M 281,173M 310,571M 237,293M
Income before tax 106,466M 149,116M 275,242M 321,508M 244,626M
Net income 77,891M 115,209M 204,371M 248,228M 185,206M
EBITDA 137,015M 174,201M 302,392M 335,248M 266,596M
Diluted EPS 459.99 700.35 1,241.23 1,507.22 1,164.02
Dividends Per Share 237 352 624 758 588
Total Assets 793,367M 957,447M 1,202.79B 1,257.62B 1,278.49B
Total liabilities 229,128M 311,448M 431,288M 369,511M 448,801M
Total equity 564,011M 645,715M 771,509M 888,117M 829,692M
Operating cash flow 69,398M 136,948M 186,582M 189,572M 253,117M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 5,529.01M 7,385.14M 10,202.14M 11,526.61M 10,368.15M
Gross Profit 2,225.18M 2,976.26M 4,286.04M 4,744.89M 4,156.71M
Operating income 972.55M 1,437.82M 2,536.92M 2,800.59M 2,182.49M
Income before tax 886.59M 1,377.03M 2,483.40M 2,899.21M 2,249.93M
Net income 648.63M 1,063.91M 1,843.96M 2,238.41M 1,703.42M
EBITDA 1,140.99M 1,608.68M 2,728.37M 3,023.12M 2,452.00M
Diluted EPS 3.83 6.46 11.19 13.59 10.70
Dividends Per Share 1.97 3.25 5.63 6.83 5.40
Total Assets 7,058.73M 8,592.36M 11,309.78M 11,362.21M 11,842.85M
Total liabilities 2,038.59M 2,795.01M 4,055.36M 3,338.40M 4,157.29M
Total equity 5,018.11M 5,794.80M 7,254.43M 8,023.82M 7,685.53M
Operating cash flow 577.91M 1,264.67M 1,683.46M 1,709.47M 2,328.03M

Valuation Measures

Mar 2020
PER17.38
ROA14.60%
ROE21.56%
Operating margin21.04%
Profit margin16.42%

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%)
  • Asset Management One Co., Ltd. (5.5%)
  • Nikko Asset Management Co., Ltd. (4.4%)
  • Daiwa Asset Management Co. Ltd. (4.4%)
  • Tokyo Broadcasting System Holdings, Inc. (3.8%)
  • The Vanguard Group, Inc. (2.6%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (2.5%)
  • Capital Research & Management Co. (Global Investors) (2.2%)
  • Capital Research & Management Co. (World Investors) (1.9%)
  • BlackRock Fund Advisors (1.4%)

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

  • Tokyo Electron Technology Solutions Ltd.
  • Tokyo Electron Employee Incentive Plan
  • Tokyo Electron Board Incentive Plan
  • Tokyo Electron Texas, Inc.
  • TEL FSI, Inc.
  • TEL Solar AG
  • 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.
  • Tokyo Electron FE Ltd.

Competitors

  • Lam Research Corporation
  • Jusung Engineering Co., Ltd
  • ACM Research, Inc. Class A
  • KINGSEMI Co., Ltd. Class A
  • ASM Pacific Technology Limited
  • AIXTRON SE
  • FormFactor, Inc.
  • ICD Co.,Ltd
  • Aehr Test Systems
  • SEOJIN SYSTEM CO.,LTD
Last Updated on 28 Sep, 2020

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