TOKYO ELECTRON DEVICE, Ordinary Profit Forecast for the Fiscal Year Revised Downward by 9%, Dividend Revised Upward by 3 Yen

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Wed Oct 29, 2025 3:30 pm JST Earnings

2760 TOKYO ELECTRON DEVICE LIMITED 【J-GAAP】

Earnings Report

TOKYO ELECTRON DEVICE LIMITED <2760> [TSE Prime] announced its financial results after the market closed on October 29th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) dropped 40.3% from the same period last year to 3.66 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has decreased 9.0%, from the previous forecast of 10.0 billion yen to 9.10 billion yen (compared to 11.4 billion yen in the previous period), leading to an increase in the profit decline rate from 12.4% to 20.3%. However, the full-year forecast for consolidated net income has been revised upward 2.9%, from the previous forecast of 7.00 billion yen to 7.20 billion yen (compared to 8.87 billion yen in the previous period), and the declining rate is expected to decrease from 21.1% to 18.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 3.1% from the same period last year, reaching 5.43 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 96 yen to 99 yen (compared to 119 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 1.95 billion yen, a 22.9% decrease compared to the same period last year. However, the operating profit margin improved from 3.7% in the same period last year to 4.1%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2023	119,698	7,153	6,253	4,551	152.2	44.9	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	111,712	6,292	6,147	4,305	143.2	53.9	Nov 1, 2024	J-GAAP
Apr - Sep, 2025	96,244	3,561	3,667	2,580	87.3	40.3	Oct 29, 2025	J-GAAP
YoY	-13.8%	-43.4%	-40.3%	-40.1%	-39.1%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2025 Guidance	91,400	ー	3,300	2,300	77.6	32	Apr 28, 2025	J-GAAP
Apr - Sep, 2025 Results	96,244	3,561	3,667	2,580	87.3	35	Oct 29, 2025	J-GAAP
Revision Rate	+5.3%	－	+11.1%	+12.2%	+12.5%

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	200,000	ー	10,000	7,000	238.3	96	Apr 28, 2025	J-GAAP
Mar, 2026 New	200,000	ー	9,100	7,200	245.1	99	Oct 29, 2025	J-GAAP
Revision Rate	0.0%	－	-9.0%	+2.9%	+2.9%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024	104,667	6,165	5,268	4,569	152.3	67	Apr 28, 2025	J-GAAP
Oct - Mar, 2025 Guidance	103,756	ー	5,433	4,620	157.3	64	Oct 29, 2025	J-GAAP
YoY	-0.9%	－	+3.1%	+1.1%	+3.3%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	242,888	15,428	13,922	9,986	333.5	135	Apr 30, 2024	J-GAAP
Mar, 2025	216,379	12,457	11,415	8,874	295.7	119	Apr 28, 2025	J-GAAP
Mar, 2026 Guidance	200,000	ー	9,100	7,200	245.1	99	Oct 29, 2025	J-GAAP
YoY	-7.6%	－	-20.3%	-18.9%	-17.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2024	55,105	2,040	2,533	1,811	60.2	3.7	Nov 1, 2024	J-GAAP
Oct - Dec, 2024	50,384	2,566	1,788	1,269	42.2	5.1	Jan 31, 2025	J-GAAP
Jan - Mar, 2025	54,283	3,599	3,480	3,300	110.0	6.6	Apr 28, 2025	J-GAAP
Apr - Jun, 2025	45,136	1,455	1,715	1,217	41.2	3.2	Jul 29, 2025	J-GAAP
Jul - Sep, 2025	51,108	2,106	1,952	1,363	46.1	4.1	Oct 29, 2025	J-GAAP
YoY	-7.3%	+3.2%	-22.9%	-24.7%	-23.5%