Tokyo Electron Device Limited Revises Earnings & Dividend — Revenue Up 14.2% for H1

Tokyo Electron Device Limited Revises Earnings & Dividend — Revenue Up 14.2% for H1

Tokyo Electron Device Limited (TSE:2760) has raised its earnings and dividend forecasts for the fiscal year ending March 2027, citing robust demand across semiconductor and IT infrastructure sectors.

The company upgraded its second-quarter (interim) revenue forecast to JPY 121.0bn from JPY 106.0bn, while ordinary income (keijo rieki)—a Japan-specific profit metric that includes operating profit plus financial income and expenses—jumped 56.2% to JPY 6.39bn. For the full fiscal year, revenue is now projected at JPY 240.0bn, up JPY 15.0bn, with ordinary income rising 20.4% to JPY 13.6bn. Net profit guidance increased to JPY 9.4bn from JPY 7.85bn.

Management attributed the upward revision to accelerating semiconductor demand driven by AI infrastructure buildout, strong corporate IT investment, and customer front-loading of orders amid extended lead times and elevated component prices. The semiconductor and electronic device business, particularly industrial equipment sales, has performed ahead of plan. Computer systems operations also benefited from robust demand for networking products, maintenance services, and security solutions.

The company raised its interim dividend to JPY 60.00/share from JPY 39.00/share, bringing the full-year dividend to JPY 129.00/share versus the prior JPY 108.00/share forecast. The year-end dividend remains at JPY 69.00/share. The increases align with management’s 40% consolidated dividend payout ratio policy. The revision reflects confidence in sustained demand momentum from AI-driven semiconductor cycles and customer inventory replenishment needs.

Source: Original filing (TDnet) | 日本語版

This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.