Tokyo Electron Device（2760）株式概要技術商社である東京エレクトロンデバイス株式会社は、世界中で電子部品およびコンピュータ・ネットワーク事業に従事している。 詳細2760 ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長3/6過去の実績2/6財務の健全性5/6配当金4/6報酬当社が推定した公正価値より27.7%で取引されている 収益は年間11.96%増加すると予測されています 同業他社や業界と比較して、良好な取引価格 リスク分析多額の負債を抱えている 不安定な配当実績 すべてのリスクチェックを見る2760 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥3.64k1.3% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0297b2016201920222025202620282031Revenue JP¥297.4bEarnings JP¥11.4bAdvancedSet Fair ValueView all narrativesTokyo Electron Device Limited 競合他社Ryoyo Ryosan HoldingsSymbol: TSE:167AMarket cap: JP¥110.7bHakutoSymbol: TSE:7433Market cap: JP¥78.8bRyodenSymbol: TSE:8084Market cap: JP¥78.1bTomen DevicesSymbol: TSE:2737Market cap: JP¥114.1b価格と性能株価の高値、安値、推移の概要Tokyo Electron Device過去の株価現在の株価JP¥3,635.0052週高値JP¥3,860.0052週安値JP¥2,467.00ベータ0.691ヶ月の変化17.64%3ヶ月変化-0.68%1年変化25.78%3年間の変化34.63%5年間の変化81.15%IPOからの変化828.09%最新ニュースReported Earnings • Apr 28Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥266 (down from JP¥296 in FY 2025). Revenue: JP¥203.7b (down 5.8% from FY 2025). Net income: JP¥7.84b (down 12% from FY 2025). Profit margin: 3.8% (down from 4.1% in FY 2025). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • Apr 28Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2026Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2026.お知らせ • Apr 21Tokyo Electron Device Limited to Report Fiscal Year 2026 Results on Apr 27, 2026Tokyo Electron Device Limited announced that they will report fiscal year 2026 results on Apr 27, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥64.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).分析記事 • Feb 10Tokyo Electron Device (TSE:2760) Will Pay A Dividend Of ¥64.00Tokyo Electron Device Limited ( TSE:2760 ) has announced that it will pay a dividend of ¥64.00 per share on the 1st of...分析記事 • Feb 09Tokyo Electron Device's (TSE:2760) Profits May Not Reveal Underlying IssuesThe recent earnings posted by Tokyo Electron Device Limited ( TSE:2760 ) were solid, but the stock didn't move as much...最新情報をもっと見るRecent updatesReported Earnings • Apr 28Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥266 (down from JP¥296 in FY 2025). Revenue: JP¥203.7b (down 5.8% from FY 2025). Net income: JP¥7.84b (down 12% from FY 2025). Profit margin: 3.8% (down from 4.1% in FY 2025). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.お知らせ • Apr 28Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2026Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2026.お知らせ • Apr 21Tokyo Electron Device Limited to Report Fiscal Year 2026 Results on Apr 27, 2026Tokyo Electron Device Limited announced that they will report fiscal year 2026 results on Apr 27, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥64.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).分析記事 • Feb 10Tokyo Electron Device (TSE:2760) Will Pay A Dividend Of ¥64.00Tokyo Electron Device Limited ( TSE:2760 ) has announced that it will pay a dividend of ¥64.00 per share on the 1st of...分析記事 • Feb 09Tokyo Electron Device's (TSE:2760) Profits May Not Reveal Underlying IssuesThe recent earnings posted by Tokyo Electron Device Limited ( TSE:2760 ) were solid, but the stock didn't move as much...Reported Earnings • Feb 03Third quarter 2026 earnings released: EPS: JP¥83.34 (vs JP¥42.12 in 3Q 2025)Third quarter 2026 results: EPS: JP¥83.34 (up from JP¥42.12 in 3Q 2025). Revenue: JP¥50.5b (flat on 3Q 2025). Net income: JP¥2.45b (up 93% from 3Q 2025). Profit margin: 4.9% (up from 2.5% in 3Q 2025). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.分析記事 • Dec 26Tokyo Electron Device (TSE:2760) Has Announced A Dividend Of ¥64.00Tokyo Electron Device Limited ( TSE:2760 ) has announced that it will pay a dividend of ¥64.00 per share on the 1st of...お知らせ • Dec 26Tokyo Electron Device Limited to Report Q3, 2026 Results on Feb 02, 2026Tokyo Electron Device Limited announced that they will report Q3, 2026 results on Feb 02, 2026New Risk • Dec 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (61% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).分析記事 • Nov 30Tokyo Electron Device (TSE:2760) Has Announced A Dividend Of ¥64.00Tokyo Electron Device Limited's ( TSE:2760 ) investors are due to receive a payment of ¥64.00 per share on 1st of June...Declared Dividend • Nov 29First half dividend of JP¥64.00 announcedShareholders will receive a dividend of JP¥64.00. Ex-date: 30th March 2026 Payment date: 1st June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Oct 30Second quarter 2026 earnings released: EPS: JP¥46.04 (vs JP¥60.16 in 2Q 2025)Second quarter 2026 results: EPS: JP¥46.04 (down from JP¥60.16 in 2Q 2025). Revenue: JP¥51.1b (down 7.3% from 2Q 2025). Net income: JP¥1.36b (down 25% from 2Q 2025). Profit margin: 2.7% (down from 3.3% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 30Catchment Capital, L.P. along with management of Fidus Systems, Inc. entered into a share transfer agreement to acquire an unknown majority stake in Fidus Systems, Inc. from Tokyo Electron Device Limited (TSE:2760) and others for ¥1.6 billion.Catchment Capital, L.P. along with management of Fidus Systems, Inc. entered into a share transfer agreement to acquire an unknown majority stake in Fidus Systems, Inc. from Tokyo Electron Device Limited (TSE:2760) and others for ¥1.6 billion on September 29, 2025. A cash consideration of ¥1.6 billion will be paid by Catchment Capital, L.P. As part of consideration, ¥1.6 billion is paid towards common equity of Fidus Systems, Inc. As a result of this share transfer, Tokyo Electron Device expects to record extraordinary income (gain on sale of shares of subsidiaries and associates) of approximately ¥0.9 billion in the third quarter of the fiscal year ending March 31, 2026. The transaction is expected to close in October 2025, subject to customary closing conditions. TD Cowen is serving as financial advisor to Catchment, and Blakes, Cassels & Graydon LLP and Alexander Fine, Matt Donnelly, Michael Collins, Lindsay Paulin, Partner Darius Mehraban and of counsel Jason Durschlag are advising on debt financing of Gibson, Dunn, & Crutcher LLP are serving as legal counsel. Sampford Advisors is serving as financial advisor to Fidus and LaBarge Weinstein LLP is serving as legal counsel.お知らせ • Sep 25Tokyo Electron Device Limited to Report Q2, 2026 Results on Oct 29, 2025Tokyo Electron Device Limited announced that they will report Q2, 2026 results on Oct 29, 2025分析記事 • Sep 22Tokyo Electron Device's (TSE:2760) Shareholders Will Receive A Smaller Dividend Than Last YearTokyo Electron Device Limited's ( TSE:2760 ) dividend is being reduced from last year's payment covering the same...分析記事 • Sep 08Tokyo Electron Device (TSE:2760) Has Announced That Its Dividend Will Be Reduced To ¥32.00Tokyo Electron Device Limited's ( TSE:2760 ) dividend is being reduced from last year's payment covering the same...分析記事 • Aug 25Tokyo Electron Device (TSE:2760) Has Announced That Its Dividend Will Be Reduced To ¥32.00Tokyo Electron Device Limited ( TSE:2760 ) has announced that on 1st of December, it will be paying a dividend...分析記事 • Aug 11Tokyo Electron Device (TSE:2760) Has Announced That Its Dividend Will Be Reduced To ¥32.00Tokyo Electron Device Limited ( TSE:2760 ) is reducing its dividend from last year's comparable payment to ¥32.00 on...分析記事 • Aug 05Tokyo Electron Device's (TSE:2760) Soft Earnings Are Actually Better Than They AppearTSE:2760 1 Year Share Price vs Fair Value Explore Tokyo Electron Device's Fair Values from the Community and select...Reported Earnings • Jul 30First quarter 2026 earnings released: EPS: JP¥41.05 (vs JP¥83.07 in 1Q 2025)First quarter 2026 results: EPS: JP¥41.05 (down from JP¥83.07 in 1Q 2025). Revenue: JP¥45.1b (down 20% from 1Q 2025). Net income: JP¥1.22b (down 51% from 1Q 2025). Profit margin: 2.7% (down from 4.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year.分析記事 • Jul 25Tokyo Electron Device's (TSE:2760) Shareholders Will Receive A Smaller Dividend Than Last YearTokyo Electron Device Limited ( TSE:2760 ) is reducing its dividend from last year's comparable payment to ¥32.00 on...分析記事 • Jul 10Tokyo Electron Device (TSE:2760) Will Pay A Smaller Dividend Than Last YearTokyo Electron Device Limited ( TSE:2760 ) is reducing its dividend from last year's comparable payment to ¥32.00 on...Declared Dividend • Jul 09Final dividend of JP¥32.00 announcedShareholders will receive a dividend of JP¥32.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 3.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 27Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: JP¥296 (down from JP¥333 in FY 2024). Revenue: JP¥216.4b (down 11% from FY 2024). Net income: JP¥8.87b (down 11% from FY 2024). Profit margin: 4.1% (in line with FY 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.9%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 17% per year.お知らせ • Jun 25Tokyo Electron Device Limited to Report Q1, 2026 Results on Jul 29, 2025Tokyo Electron Device Limited announced that they will report Q1, 2026 results on Jul 29, 2025分析記事 • May 21Tokyo Electron Device (TSE:2760) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Apr 29Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: JP¥296 (down from JP¥333 in FY 2024). Revenue: JP¥216.4b (down 11% from FY 2024). Net income: JP¥8.87b (down 11% from FY 2024). Profit margin: 4.1% (in line with FY 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.9%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year.お知らせ • Apr 28Tokyo Electron Device Limited, Annual General Meeting, Jun 20, 2025Tokyo Electron Device Limited, Annual General Meeting, Jun 20, 2025.New Risk • Apr 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (85% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change).Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥2,452, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 70% over the past three years.Buy Or Sell Opportunity • Apr 04Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.5% to JP¥2,766. The fair value is estimated to be JP¥3,647, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.お知らせ • Mar 31Tokyo Electron Device Limited Announces Executives RetirementTokyo Electron Device Limited at its Board of Directors meeting held on March 31, 2025, announced Retiring Corporate Director: Yukio Saeki and Retiring Audit & Supervisory Board Member: Katsuyuki Matsui.分析記事 • Mar 25Tokyo Electron Device (TSE:2760) Has Announced A Dividend Of ¥65.00The board of Tokyo Electron Device Limited ( TSE:2760 ) has announced that it will pay a dividend on the 30th of May...お知らせ • Mar 25Tokyo Electron Device Limited to Report Fiscal Year 2025 Results on Apr 28, 2025Tokyo Electron Device Limited announced that they will report fiscal year 2025 results on Apr 28, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).Reported Earnings • Feb 01Third quarter 2025 earnings released: EPS: JP¥42.12 (vs JP¥84.05 in 3Q 2024)Third quarter 2025 results: EPS: JP¥42.12 (down from JP¥84.05 in 3Q 2024). Revenue: JP¥50.4b (down 16% from 3Q 2024). Net income: JP¥1.27b (down 50% from 3Q 2024). Profit margin: 2.5% (down from 4.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year.分析記事 • Jan 17Tokyo Electron Device (TSE:2760) Is Due To Pay A Dividend Of ¥65.00Tokyo Electron Device Limited ( TSE:2760 ) has announced that it will pay a dividend of ¥65.00 per share on the 30th of...分析記事 • Jan 03Tokyo Electron Device's (TSE:2760) Dividend Will Be ¥65.00Tokyo Electron Device Limited's ( TSE:2760 ) investors are due to receive a payment of ¥65.00 per share on 30th of May...お知らせ • Jan 03Tokyo Electron Device Limited to Report Q3, 2025 Results on Jan 31, 2025Tokyo Electron Device Limited announced that they will report Q3, 2025 results on Jan 31, 2025分析記事 • Dec 02Tokyo Electron Device's (TSE:2760) Dividend Will Be ¥65.00Tokyo Electron Device Limited's ( TSE:2760 ) investors are due to receive a payment of ¥65.00 per share on 30th of May...Declared Dividend • Nov 30First half dividend of JP¥65.00 announcedShareholders will receive a dividend of JP¥65.00. Ex-date: 28th March 2025 Payment date: 30th May 2025 Dividend yield will be 3.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (160% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Nov 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (159% cash payout ratio). Share price has been volatile over the past 3 months (5.8% average weekly change).Reported Earnings • Nov 03Second quarter 2025 earnings released: EPS: JP¥60.16 (vs JP¥78.96 in 2Q 2024)Second quarter 2025 results: EPS: JP¥60.16 (down from JP¥78.96 in 2Q 2024). Revenue: JP¥55.1b (down 9.2% from 2Q 2024). Net income: JP¥1.81b (down 23% from 2Q 2024). Profit margin: 3.3% (down from 3.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 25Tokyo Electron Device Limited to Report Q2, 2025 Results on Nov 01, 2024Tokyo Electron Device Limited announced that they will report Q2, 2025 results on Nov 01, 2024Upcoming Dividend • Sep 20Upcoming dividend of JP¥52.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).分析記事 • Sep 06Is Tokyo Electron Device (TSE:2760) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...New Risk • Aug 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (166% cash payout ratio). Shareholders have been diluted in the past year (4.8% increase in shares outstanding).Reported Earnings • Aug 02First quarter 2025 earnings released: EPS: JP¥83.07 (vs JP¥73.20 in 1Q 2024)First quarter 2025 results: EPS: JP¥83.07 (up from JP¥73.20 in 1Q 2024). Revenue: JP¥56.6b (down 4.1% from 1Q 2024). Net income: JP¥2.49b (up 14% from 1Q 2024). Profit margin: 4.4% (up from 3.7% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year.Declared Dividend • Jul 11Final dividend of JP¥52.00 announcedShareholders will receive a dividend of JP¥52.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Jun 27Tokyo Electron Device Limited to Report Q1, 2025 Results on Jul 31, 2024Tokyo Electron Device Limited announced that they will report Q1, 2025 results on Jul 31, 2024Reported Earnings • Jun 25Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: JP¥333 (up from JP¥295 in FY 2023). Revenue: JP¥242.9b (up 1.1% from FY 2023). Net income: JP¥9.99b (up 14% from FY 2023). Profit margin: 4.1% (up from 3.7% in FY 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 33% per year.Reported Earnings • Jun 04Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: JP¥333 (up from JP¥295 in FY 2023). Revenue: JP¥242.9b (up 1.1% from FY 2023). Net income: JP¥9.99b (up 14% from FY 2023). Profit margin: 4.1% (up from 3.7% in FY 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year and the company’s share price has also increased by 35% per year.お知らせ • May 10Tokyo Electron Device Limited Revises Dividend Forecast for the Year-Ended March 31, 2024Tokyo Electron Device Limited announced that the Company, at its Board of Directors Meeting held on April 30, 2024, decided to revise the year-end dividends forecast of ¥74 against ¥70 (increase) with a record date of March 31, 2024 as per the following. It should be noted that the amount of the dividends for this surplus are to be resolved at the Board of Directors to be held in May 2024.New Risk • May 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 0.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change).Buy Or Sell Opportunity • May 02Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to JP¥5,030. The fair value is estimated to be JP¥6,452, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 17% in the next 2 years.Reported Earnings • May 01Full year 2024 earnings released: EPS: JP¥333 (vs JP¥295 in FY 2023)Full year 2024 results: EPS: JP¥333 (up from JP¥295 in FY 2023). Revenue: JP¥242.9b (up 1.1% from FY 2023). Net income: JP¥9.99b (up 14% from FY 2023). Profit margin: 4.1% (up from 3.7% in FY 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Apr 17Is Tokyo Electron Device (TSE:2760) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Apr 16+ 1 more updateTokyo Electron Device Limited, Annual General Meeting, Jun 19, 2024Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2024.お知らせ • Mar 27Tokyo Electron Device Limited to Report Fiscal Year 2024 Results on Apr 30, 2024Tokyo Electron Device Limited announced that they will report fiscal year 2024 results on Apr 30, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥6,590, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 481% over the past three years.分析記事 • Mar 01Tokyo Electron Device Limited (TSE:2760) Stock Rockets 33% As Investors Are Less Pessimistic Than ExpectedDespite an already strong run, Tokyo Electron Device Limited ( TSE:2760 ) shares have been powering on, with a gain of...Reported Earnings • Feb 04Third quarter 2024 earnings released: EPS: JP¥84.05 (vs JP¥77.79 in 3Q 2023)Third quarter 2024 results: EPS: JP¥84.05 (up from JP¥77.79 in 3Q 2023). Revenue: JP¥60.1b (down 6.4% from 3Q 2023). Net income: JP¥2.52b (up 8.7% from 3Q 2023). Profit margin: 4.2% (up from 3.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jan 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥5,930, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 466% over the past three years.お知らせ • Dec 24Tokyo Electron Device Limited to Report Q3, 2024 Results on Feb 02, 2024Tokyo Electron Device Limited announced that they will report Q3, 2024 results on Feb 02, 2024お知らせ • Nov 11Tokyo Electron Device Limited Resolves to Distribute Interim Dividend, Payable on December 1, 2023Tokyo Electron Device Limited announced that its Board of Directors met on October 31, 2023 and resolved to distribute surplus as an interim dividend of JPY 183.00 per share with a record date of September 30, 2023 against JPY 145.00 per share paid a year ago. Total dividends is JPY 1,911 million. Effective date is December 1, 2023. Source of dividend is retained earnings.Reported Earnings • Nov 02Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: JP¥60.7b (flat on 2Q 2023). Net income: JP¥2.37b (up 12% from 2Q 2023). Profit margin: 3.9% (up from 3.4% in 2Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan.お知らせ • Oct 24Tokyo Electron Device Limited Revises Consolidated Earnings Guidance for the Six Months Ending September 30, 2023Tokyo Electron Device Limited revised consolidated earnings guidance for the six months ending September 30, 2023. For the period, the company now expects net sales of JPY 119,680 million, net income attributable to owners of parent of JPY 4,550 million and basic net income per share of JPY 456.38 compared to the previous forecast for net sales of JPY 107,800 million, net income attributable to owners of parent of JPY 3,550 million and basic net income per share of JPY 356.84.New Risk • Oct 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.7% average weekly change).Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥4,350, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 354% over the past three years.お知らせ • Oct 01Tokyo Electron Device Limited (TSE:2760) agreed to acquire wafer inspection system business of Nippon Electro.Tokyo Electron Device Limited (TSE:2760) agreed to acquire wafer inspection system business of Nippon Electro on September 14, 2023.Transaction is expected to complete on October 2, 2023.お知らせ • Sep 27Tokyo Electron Device Limited to Report Q2, 2024 Results on Oct 31, 2023Tokyo Electron Device Limited announced that they will report Q2, 2024 results on Oct 31, 2023Upcoming Dividend • Sep 21Upcoming dividend of JP¥140 per share at 3.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).New Risk • Aug 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change).Reported Earnings • Aug 02First quarter 2024 earnings released: EPS: JP¥220 (vs JP¥149 in 1Q 2023)First quarter 2024 results: EPS: JP¥220 (up from JP¥149 in 1Q 2023). Revenue: JP¥59.0b (up 16% from 1Q 2023). Net income: JP¥2.19b (up 48% from 1Q 2023). Profit margin: 3.7% (up from 2.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 48% per year.Reported Earnings • Jun 28Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥884 (up from JP¥511 in FY 2022). Revenue: JP¥240.4b (up 34% from FY 2022). Net income: JP¥8.78b (up 73% from FY 2022). Profit margin: 3.7% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 41% per year.お知らせ • Jun 26Tokyo Electron Device Limited to Report Q1, 2024 Results on Aug 01, 2023Tokyo Electron Device Limited announced that they will report Q1, 2024 results on Aug 01, 2023Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥10,210, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 307% over the past three years.お知らせ • May 16Tokyo Electron Device Limited Revises Dividend Guidance for the Financial Year Ended March 31, 2023Tokyo Electron Device Limited announces that the Company, at its Board of Directors Meeting held on May 15, 2023, decided to revise the year-end dividends forecast (increase) with a record date of March 31, 2023 as per the following. It should be noted that the amount of the dividends for this surplus are to be resolved at the Board of Directors to be held in May 2023. For the year ended March 31, 2023, the company expects to pay dividend of JPY 210.00 per share compared to previous guidance of JPY 165.00 per share.Reported Earnings • Apr 29Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥884 (up from JP¥511 in FY 2022). Revenue: JP¥240.4b (up 34% from FY 2022). Net income: JP¥8.78b (up 73% from FY 2022). Profit margin: 3.7% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 41% per year.Upcoming Dividend • Mar 23Upcoming dividend of JP¥165 per share at 2.9% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).お知らせ • Feb 10+ 1 more updateTokyo Electron Device Limited Provides Dividend Guidance for the Year Ending March 31, 2023Tokyo Electron Device Limited provided dividend guidance for the year ending March 31, 2023. For the year, the company expects to pay dividend of JPY 165.00 against JPY 100.00 a year ago.Reported Earnings • Jan 31Third quarter 2023 earnings released: EPS: JP¥233 (vs JP¥126 in 3Q 2022)Third quarter 2023 results: EPS: JP¥233 (up from JP¥126 in 3Q 2022). Revenue: JP¥64.1b (up 42% from 3Q 2022). Net income: JP¥2.32b (up 86% from 3Q 2022). Profit margin: 3.6% (up from 2.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 44% per year.お知らせ • Dec 24Tokyo Electron Device Limited to Report Q3, 2023 Results on Jan 30, 2023Tokyo Electron Device Limited announced that they will report Q3, 2023 results on Jan 30, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥212 (vs JP¥79.87 in 2Q 2022)Second quarter 2023 results: EPS: JP¥212 (up from JP¥79.87 in 2Q 2022). Revenue: JP¥61.1b (up 46% from 2Q 2022). Net income: JP¥2.11b (up 165% from 2Q 2022). Profit margin: 3.4% (up from 1.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Kei Nishida was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 11+ 1 more updateTokyo Electron Device Limited Announces Dividend for the Second Quarter End Provides Dividend Guidance for the Full Year Ending March 31, 2023Tokyo Electron Device Limited resolved to pay Dividends ¥145.00 per share for the second quarter end. Record date: September 30, 2022. Effective date December 1, 2022. provided dividend guidance for the full year ending March 31, 2023. For the year, the company expects to pay dividend of ¥165.00 per share against ¥135.00 a year ago.Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥6,950, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 275% over the past three years.Reported Earnings • Oct 30Second quarter 2023 earnings released: EPS: JP¥212 (vs JP¥79.87 in 2Q 2022)Second quarter 2023 results: EPS: JP¥212 (up from JP¥79.87 in 2Q 2022). Revenue: JP¥61.1b (up 46% from 2Q 2022). Net income: JP¥2.11b (up 165% from 2Q 2022). Profit margin: 3.4% (up from 1.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 43% per year.お知らせ • Oct 12Tokyo Electron Device Limited Revised Earnings Forecast for the Six Months Ending September 30, 2022Tokyo Electron Device Limited revised earnings forecast for the six months ending September 30, 2022. For the period, the company Revised forecast of Net sales from JPY 94,500 million to JPY 110,000 million, Net income attributable to owners of parent from JPY 2,540 million to JPY 3,350 million, Basic net income per share from JPY 256.61 to JPY 338.27.お知らせ • Sep 23Tokyo Electron Device Limited to Report Q2, 2023 Results on Oct 28, 2022Tokyo Electron Device Limited announced that they will report Q2, 2023 results on Oct 28, 2022Upcoming Dividend • Sep 22Upcoming dividend of JP¥105 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).お知らせ • Aug 02+ 2 more updatesTokyo Electron Device Limited Provides Dividend Guidance for the Second Quarter Ending September 30, 2022Tokyo Electron Device Limited provided dividend guidance for the second quarter ending September 30, 2022. For the quarter, the company expects to pay dividend of ¥105.00 per share against ¥105.00 a year ago.Reported Earnings • Jul 30First quarter 2023 earnings released: EPS: JP¥149 (vs JP¥183 in 1Q 2022)First quarter 2023 results: EPS: JP¥149 (down from JP¥183 in 1Q 2022). Revenue: JP¥50.7b (up 24% from 1Q 2022). Net income: JP¥1.48b (down 20% from 1Q 2022). Profit margin: 2.9% (down from 4.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.9%, compared to a 10% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 37% per year.株主還元2760JP ElectronicJP 市場7D5.2%2.2%-1.0%1Y25.8%64.6%37.2%株主還元を見る業界別リターン: 2760過去 1 年間で64.6 % の収益を上げたJP Electronic業界を下回りました。リターン対市場: 2760は、過去 1 年間で37.2 % のリターンを上げたJP市場を下回りました。価格変動Is 2760's price volatile compared to industry and market?2760 volatility2760 Average Weekly Movement6.9%Electronic Industry Average Movement6.4%Market Average Movement4.9%10% most volatile stocks in JP Market9.6%10% least volatile stocks in JP Market2.4%安定した株価: 2760 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 2760の 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19861,383Atsushi Tokushigewww.teldevice.co.jp技術商社である東京エレクトロンデバイス株式会社は、世界中で電子部品事業とコンピュータ・ネットワーク事業に従事している。半導体製品、ボード、ソフトウェア、その他電子部品の設計、開発、販売を行っている。マイクロプロセッサ、DSP、メモリIC、ASIC、FPGA、PLD、セキュリティアプリケーション、周辺LSI、イメージプロセッサ、テレコムアプリケーション、ワイヤレスIC、センサIC、AD/DA、ロジックIC（およびインターフェース）、クロック/タイミングIC、アナログIC/電源IC、インダクタ/ディスクリートデバイス、テレコム/ネットワークアプリケーション、RF/マイクロ波アプリケーション、光デバイス、その他の製品を提供。また、オペレーティングシステム、BIOS、開発ツール、RTOS、CPU/メディア・プロセッサ・ボード、インターフェース/通信ボード、評価ボード、パネルPC、LCD/プラズマ・パネル、電源、コネクタ、ICソケット、ストレージ・デバイス、測定器、エネルギー・ハーベスティングなどのソフトウェア・ソリューション/電子部品も提供している。また、データセンター/キャンパススイッチ、ロードバランサ、DHCP/DNSアプライアンス、VPNアプライアンスなどのネットワークソリューション、SANファブリックスイッチ、データ保護、データストレージ、ハイパーコンバージドインフラストラクチャなどのストレージソリューション、ファイアウォール、DNSSEC、SSL、CASBなどのセキュリティソリューションを提供している。東京エレクトロンデバイスは1986年に設立され、横浜に本社を置いています。もっと見るTokyo Electron Device Limited 基礎のまとめTokyo Electron Device の収益と売上を時価総額と比較するとどうか。2760 基礎統計学時価総額JP¥107.05b収益（TTM）JP¥7.84b売上高(TTM)JP¥203.75b13.7xPER（株価収益率0.5xP/Sレシオ2760 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計2760 損益計算書（TTM）収益JP¥203.75b売上原価JP¥172.21b売上総利益JP¥31.54bその他の費用JP¥23.70b収益JP¥7.84b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）266.29グロス・マージン15.48%純利益率3.85%有利子負債／自己資本比率54.8%2760 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.0%現在の配当利回り40%配当性向2760 配当は確実ですか？2760 配当履歴とベンチマークを見る2760 、いつまでに購入すれば配当金を受け取れますか？Tokyo Electron Device 配当日配当落ち日Mar 30 2026配当支払日Jun 02 2026配当落ちまでの日数39 days配当支払日までの日数25 days2760 配当は確実ですか？2760 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/07 21:22終値2026/05/07 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Tokyo Electron Device Limited 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Mitsuhiro OsawaIchiyoshi Research Institute Inc.Claudio AritomiMacquarie ResearchEiji TomaruMizuho Securities Co., Ltd.
Reported Earnings • Apr 28Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥266 (down from JP¥296 in FY 2025). Revenue: JP¥203.7b (down 5.8% from FY 2025). Net income: JP¥7.84b (down 12% from FY 2025). Profit margin: 3.8% (down from 4.1% in FY 2025). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • Apr 28Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2026Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2026.
お知らせ • Apr 21Tokyo Electron Device Limited to Report Fiscal Year 2026 Results on Apr 27, 2026Tokyo Electron Device Limited announced that they will report fiscal year 2026 results on Apr 27, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥64.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
分析記事 • Feb 10Tokyo Electron Device (TSE:2760) Will Pay A Dividend Of ¥64.00Tokyo Electron Device Limited ( TSE:2760 ) has announced that it will pay a dividend of ¥64.00 per share on the 1st of...
分析記事 • Feb 09Tokyo Electron Device's (TSE:2760) Profits May Not Reveal Underlying IssuesThe recent earnings posted by Tokyo Electron Device Limited ( TSE:2760 ) were solid, but the stock didn't move as much...
Reported Earnings • Apr 28Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥266 (down from JP¥296 in FY 2025). Revenue: JP¥203.7b (down 5.8% from FY 2025). Net income: JP¥7.84b (down 12% from FY 2025). Profit margin: 3.8% (down from 4.1% in FY 2025). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings.
お知らせ • Apr 28Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2026Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2026.
お知らせ • Apr 21Tokyo Electron Device Limited to Report Fiscal Year 2026 Results on Apr 27, 2026Tokyo Electron Device Limited announced that they will report fiscal year 2026 results on Apr 27, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥64.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
分析記事 • Feb 10Tokyo Electron Device (TSE:2760) Will Pay A Dividend Of ¥64.00Tokyo Electron Device Limited ( TSE:2760 ) has announced that it will pay a dividend of ¥64.00 per share on the 1st of...
分析記事 • Feb 09Tokyo Electron Device's (TSE:2760) Profits May Not Reveal Underlying IssuesThe recent earnings posted by Tokyo Electron Device Limited ( TSE:2760 ) were solid, but the stock didn't move as much...
Reported Earnings • Feb 03Third quarter 2026 earnings released: EPS: JP¥83.34 (vs JP¥42.12 in 3Q 2025)Third quarter 2026 results: EPS: JP¥83.34 (up from JP¥42.12 in 3Q 2025). Revenue: JP¥50.5b (flat on 3Q 2025). Net income: JP¥2.45b (up 93% from 3Q 2025). Profit margin: 4.9% (up from 2.5% in 3Q 2025). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings.
分析記事 • Dec 26Tokyo Electron Device (TSE:2760) Has Announced A Dividend Of ¥64.00Tokyo Electron Device Limited ( TSE:2760 ) has announced that it will pay a dividend of ¥64.00 per share on the 1st of...
お知らせ • Dec 26Tokyo Electron Device Limited to Report Q3, 2026 Results on Feb 02, 2026Tokyo Electron Device Limited announced that they will report Q3, 2026 results on Feb 02, 2026
New Risk • Dec 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (61% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).
分析記事 • Nov 30Tokyo Electron Device (TSE:2760) Has Announced A Dividend Of ¥64.00Tokyo Electron Device Limited's ( TSE:2760 ) investors are due to receive a payment of ¥64.00 per share on 1st of June...
Declared Dividend • Nov 29First half dividend of JP¥64.00 announcedShareholders will receive a dividend of JP¥64.00. Ex-date: 30th March 2026 Payment date: 1st June 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Oct 30Second quarter 2026 earnings released: EPS: JP¥46.04 (vs JP¥60.16 in 2Q 2025)Second quarter 2026 results: EPS: JP¥46.04 (down from JP¥60.16 in 2Q 2025). Revenue: JP¥51.1b (down 7.3% from 2Q 2025). Net income: JP¥1.36b (down 25% from 2Q 2025). Profit margin: 2.7% (down from 3.3% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 30Catchment Capital, L.P. along with management of Fidus Systems, Inc. entered into a share transfer agreement to acquire an unknown majority stake in Fidus Systems, Inc. from Tokyo Electron Device Limited (TSE:2760) and others for ¥1.6 billion.Catchment Capital, L.P. along with management of Fidus Systems, Inc. entered into a share transfer agreement to acquire an unknown majority stake in Fidus Systems, Inc. from Tokyo Electron Device Limited (TSE:2760) and others for ¥1.6 billion on September 29, 2025. A cash consideration of ¥1.6 billion will be paid by Catchment Capital, L.P. As part of consideration, ¥1.6 billion is paid towards common equity of Fidus Systems, Inc. As a result of this share transfer, Tokyo Electron Device expects to record extraordinary income (gain on sale of shares of subsidiaries and associates) of approximately ¥0.9 billion in the third quarter of the fiscal year ending March 31, 2026. The transaction is expected to close in October 2025, subject to customary closing conditions. TD Cowen is serving as financial advisor to Catchment, and Blakes, Cassels & Graydon LLP and Alexander Fine, Matt Donnelly, Michael Collins, Lindsay Paulin, Partner Darius Mehraban and of counsel Jason Durschlag are advising on debt financing of Gibson, Dunn, & Crutcher LLP are serving as legal counsel. Sampford Advisors is serving as financial advisor to Fidus and LaBarge Weinstein LLP is serving as legal counsel.
お知らせ • Sep 25Tokyo Electron Device Limited to Report Q2, 2026 Results on Oct 29, 2025Tokyo Electron Device Limited announced that they will report Q2, 2026 results on Oct 29, 2025
分析記事 • Sep 22Tokyo Electron Device's (TSE:2760) Shareholders Will Receive A Smaller Dividend Than Last YearTokyo Electron Device Limited's ( TSE:2760 ) dividend is being reduced from last year's payment covering the same...
分析記事 • Sep 08Tokyo Electron Device (TSE:2760) Has Announced That Its Dividend Will Be Reduced To ¥32.00Tokyo Electron Device Limited's ( TSE:2760 ) dividend is being reduced from last year's payment covering the same...
分析記事 • Aug 25Tokyo Electron Device (TSE:2760) Has Announced That Its Dividend Will Be Reduced To ¥32.00Tokyo Electron Device Limited ( TSE:2760 ) has announced that on 1st of December, it will be paying a dividend...
分析記事 • Aug 11Tokyo Electron Device (TSE:2760) Has Announced That Its Dividend Will Be Reduced To ¥32.00Tokyo Electron Device Limited ( TSE:2760 ) is reducing its dividend from last year's comparable payment to ¥32.00 on...
分析記事 • Aug 05Tokyo Electron Device's (TSE:2760) Soft Earnings Are Actually Better Than They AppearTSE:2760 1 Year Share Price vs Fair Value Explore Tokyo Electron Device's Fair Values from the Community and select...
Reported Earnings • Jul 30First quarter 2026 earnings released: EPS: JP¥41.05 (vs JP¥83.07 in 1Q 2025)First quarter 2026 results: EPS: JP¥41.05 (down from JP¥83.07 in 1Q 2025). Revenue: JP¥45.1b (down 20% from 1Q 2025). Net income: JP¥1.22b (down 51% from 1Q 2025). Profit margin: 2.7% (down from 4.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year.
分析記事 • Jul 25Tokyo Electron Device's (TSE:2760) Shareholders Will Receive A Smaller Dividend Than Last YearTokyo Electron Device Limited ( TSE:2760 ) is reducing its dividend from last year's comparable payment to ¥32.00 on...
分析記事 • Jul 10Tokyo Electron Device (TSE:2760) Will Pay A Smaller Dividend Than Last YearTokyo Electron Device Limited ( TSE:2760 ) is reducing its dividend from last year's comparable payment to ¥32.00 on...
Declared Dividend • Jul 09Final dividend of JP¥32.00 announcedShareholders will receive a dividend of JP¥32.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 3.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 27Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: JP¥296 (down from JP¥333 in FY 2024). Revenue: JP¥216.4b (down 11% from FY 2024). Net income: JP¥8.87b (down 11% from FY 2024). Profit margin: 4.1% (in line with FY 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.9%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 17% per year.
お知らせ • Jun 25Tokyo Electron Device Limited to Report Q1, 2026 Results on Jul 29, 2025Tokyo Electron Device Limited announced that they will report Q1, 2026 results on Jul 29, 2025
分析記事 • May 21Tokyo Electron Device (TSE:2760) Takes On Some Risk With Its Use Of DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Apr 29Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: JP¥296 (down from JP¥333 in FY 2024). Revenue: JP¥216.4b (down 11% from FY 2024). Net income: JP¥8.87b (down 11% from FY 2024). Profit margin: 4.1% (in line with FY 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 4.9%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year.
お知らせ • Apr 28Tokyo Electron Device Limited, Annual General Meeting, Jun 20, 2025Tokyo Electron Device Limited, Annual General Meeting, Jun 20, 2025.
New Risk • Apr 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (85% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change).
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥2,452, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 70% over the past three years.
Buy Or Sell Opportunity • Apr 04Now 24% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.5% to JP¥2,766. The fair value is estimated to be JP¥3,647, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has grown by 23%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 22% in the next 2 years.
お知らせ • Mar 31Tokyo Electron Device Limited Announces Executives RetirementTokyo Electron Device Limited at its Board of Directors meeting held on March 31, 2025, announced Retiring Corporate Director: Yukio Saeki and Retiring Audit & Supervisory Board Member: Katsuyuki Matsui.
分析記事 • Mar 25Tokyo Electron Device (TSE:2760) Has Announced A Dividend Of ¥65.00The board of Tokyo Electron Device Limited ( TSE:2760 ) has announced that it will pay a dividend on the 30th of May...
お知らせ • Mar 25Tokyo Electron Device Limited to Report Fiscal Year 2025 Results on Apr 28, 2025Tokyo Electron Device Limited announced that they will report fiscal year 2025 results on Apr 28, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).
Reported Earnings • Feb 01Third quarter 2025 earnings released: EPS: JP¥42.12 (vs JP¥84.05 in 3Q 2024)Third quarter 2025 results: EPS: JP¥42.12 (down from JP¥84.05 in 3Q 2024). Revenue: JP¥50.4b (down 16% from 3Q 2024). Net income: JP¥1.27b (down 50% from 3Q 2024). Profit margin: 2.5% (down from 4.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year.
分析記事 • Jan 17Tokyo Electron Device (TSE:2760) Is Due To Pay A Dividend Of ¥65.00Tokyo Electron Device Limited ( TSE:2760 ) has announced that it will pay a dividend of ¥65.00 per share on the 30th of...
分析記事 • Jan 03Tokyo Electron Device's (TSE:2760) Dividend Will Be ¥65.00Tokyo Electron Device Limited's ( TSE:2760 ) investors are due to receive a payment of ¥65.00 per share on 30th of May...
お知らせ • Jan 03Tokyo Electron Device Limited to Report Q3, 2025 Results on Jan 31, 2025Tokyo Electron Device Limited announced that they will report Q3, 2025 results on Jan 31, 2025
分析記事 • Dec 02Tokyo Electron Device's (TSE:2760) Dividend Will Be ¥65.00Tokyo Electron Device Limited's ( TSE:2760 ) investors are due to receive a payment of ¥65.00 per share on 30th of May...
Declared Dividend • Nov 30First half dividend of JP¥65.00 announcedShareholders will receive a dividend of JP¥65.00. Ex-date: 28th March 2025 Payment date: 30th May 2025 Dividend yield will be 3.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (160% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Nov 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (159% cash payout ratio). Share price has been volatile over the past 3 months (5.8% average weekly change).
Reported Earnings • Nov 03Second quarter 2025 earnings released: EPS: JP¥60.16 (vs JP¥78.96 in 2Q 2024)Second quarter 2025 results: EPS: JP¥60.16 (down from JP¥78.96 in 2Q 2024). Revenue: JP¥55.1b (down 9.2% from 2Q 2024). Net income: JP¥1.81b (down 23% from 2Q 2024). Profit margin: 3.3% (down from 3.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 25Tokyo Electron Device Limited to Report Q2, 2025 Results on Nov 01, 2024Tokyo Electron Device Limited announced that they will report Q2, 2025 results on Nov 01, 2024
Upcoming Dividend • Sep 20Upcoming dividend of JP¥52.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).
分析記事 • Sep 06Is Tokyo Electron Device (TSE:2760) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • Aug 15New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.7% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (166% cash payout ratio). Shareholders have been diluted in the past year (4.8% increase in shares outstanding).
Reported Earnings • Aug 02First quarter 2025 earnings released: EPS: JP¥83.07 (vs JP¥73.20 in 1Q 2024)First quarter 2025 results: EPS: JP¥83.07 (up from JP¥73.20 in 1Q 2024). Revenue: JP¥56.6b (down 4.1% from 1Q 2024). Net income: JP¥2.49b (up 14% from 1Q 2024). Profit margin: 4.4% (up from 3.7% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 26% per year.
Declared Dividend • Jul 11Final dividend of JP¥52.00 announcedShareholders will receive a dividend of JP¥52.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Jun 27Tokyo Electron Device Limited to Report Q1, 2025 Results on Jul 31, 2024Tokyo Electron Device Limited announced that they will report Q1, 2025 results on Jul 31, 2024
Reported Earnings • Jun 25Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: JP¥333 (up from JP¥295 in FY 2023). Revenue: JP¥242.9b (up 1.1% from FY 2023). Net income: JP¥9.99b (up 14% from FY 2023). Profit margin: 4.1% (up from 3.7% in FY 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 33% per year.
Reported Earnings • Jun 04Full year 2024 earnings: EPS in line with expectations, revenues disappointFull year 2024 results: EPS: JP¥333 (up from JP¥295 in FY 2023). Revenue: JP¥242.9b (up 1.1% from FY 2023). Net income: JP¥9.99b (up 14% from FY 2023). Profit margin: 4.1% (up from 3.7% in FY 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year and the company’s share price has also increased by 35% per year.
お知らせ • May 10Tokyo Electron Device Limited Revises Dividend Forecast for the Year-Ended March 31, 2024Tokyo Electron Device Limited announced that the Company, at its Board of Directors Meeting held on April 30, 2024, decided to revise the year-end dividends forecast of ¥74 against ¥70 (increase) with a record date of March 31, 2024 as per the following. It should be noted that the amount of the dividends for this surplus are to be resolved at the Board of Directors to be held in May 2024.
New Risk • May 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 0.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.6% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.6% average weekly change).
Buy Or Sell Opportunity • May 02Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 16% to JP¥5,030. The fair value is estimated to be JP¥6,452, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 17% in the next 2 years.
Reported Earnings • May 01Full year 2024 earnings released: EPS: JP¥333 (vs JP¥295 in FY 2023)Full year 2024 results: EPS: JP¥333 (up from JP¥295 in FY 2023). Revenue: JP¥242.9b (up 1.1% from FY 2023). Net income: JP¥9.99b (up 14% from FY 2023). Profit margin: 4.1% (up from 3.7% in FY 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Apr 17Is Tokyo Electron Device (TSE:2760) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Apr 16+ 1 more updateTokyo Electron Device Limited, Annual General Meeting, Jun 19, 2024Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2024.
お知らせ • Mar 27Tokyo Electron Device Limited to Report Fiscal Year 2024 Results on Apr 30, 2024Tokyo Electron Device Limited announced that they will report fiscal year 2024 results on Apr 30, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥70.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥6,590, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 481% over the past three years.
分析記事 • Mar 01Tokyo Electron Device Limited (TSE:2760) Stock Rockets 33% As Investors Are Less Pessimistic Than ExpectedDespite an already strong run, Tokyo Electron Device Limited ( TSE:2760 ) shares have been powering on, with a gain of...
Reported Earnings • Feb 04Third quarter 2024 earnings released: EPS: JP¥84.05 (vs JP¥77.79 in 3Q 2023)Third quarter 2024 results: EPS: JP¥84.05 (up from JP¥77.79 in 3Q 2023). Revenue: JP¥60.1b (down 6.4% from 3Q 2023). Net income: JP¥2.52b (up 8.7% from 3Q 2023). Profit margin: 4.2% (up from 3.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jan 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥5,930, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 466% over the past three years.
お知らせ • Dec 24Tokyo Electron Device Limited to Report Q3, 2024 Results on Feb 02, 2024Tokyo Electron Device Limited announced that they will report Q3, 2024 results on Feb 02, 2024
お知らせ • Nov 11Tokyo Electron Device Limited Resolves to Distribute Interim Dividend, Payable on December 1, 2023Tokyo Electron Device Limited announced that its Board of Directors met on October 31, 2023 and resolved to distribute surplus as an interim dividend of JPY 183.00 per share with a record date of September 30, 2023 against JPY 145.00 per share paid a year ago. Total dividends is JPY 1,911 million. Effective date is December 1, 2023. Source of dividend is retained earnings.
Reported Earnings • Nov 02Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: JP¥60.7b (flat on 2Q 2023). Net income: JP¥2.37b (up 12% from 2Q 2023). Profit margin: 3.9% (up from 3.4% in 2Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan.
お知らせ • Oct 24Tokyo Electron Device Limited Revises Consolidated Earnings Guidance for the Six Months Ending September 30, 2023Tokyo Electron Device Limited revised consolidated earnings guidance for the six months ending September 30, 2023. For the period, the company now expects net sales of JPY 119,680 million, net income attributable to owners of parent of JPY 4,550 million and basic net income per share of JPY 456.38 compared to the previous forecast for net sales of JPY 107,800 million, net income attributable to owners of parent of JPY 3,550 million and basic net income per share of JPY 356.84.
New Risk • Oct 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.7% average weekly change).
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥4,350, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 354% over the past three years.
お知らせ • Oct 01Tokyo Electron Device Limited (TSE:2760) agreed to acquire wafer inspection system business of Nippon Electro.Tokyo Electron Device Limited (TSE:2760) agreed to acquire wafer inspection system business of Nippon Electro on September 14, 2023.Transaction is expected to complete on October 2, 2023.
お知らせ • Sep 27Tokyo Electron Device Limited to Report Q2, 2024 Results on Oct 31, 2023Tokyo Electron Device Limited announced that they will report Q2, 2024 results on Oct 31, 2023
Upcoming Dividend • Sep 21Upcoming dividend of JP¥140 per share at 3.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).
New Risk • Aug 04New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (23% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change).
Reported Earnings • Aug 02First quarter 2024 earnings released: EPS: JP¥220 (vs JP¥149 in 1Q 2023)First quarter 2024 results: EPS: JP¥220 (up from JP¥149 in 1Q 2023). Revenue: JP¥59.0b (up 16% from 1Q 2023). Net income: JP¥2.19b (up 48% from 1Q 2023). Profit margin: 3.7% (up from 2.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 48% per year.
Reported Earnings • Jun 28Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥884 (up from JP¥511 in FY 2022). Revenue: JP¥240.4b (up 34% from FY 2022). Net income: JP¥8.78b (up 73% from FY 2022). Profit margin: 3.7% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 41% per year.
お知らせ • Jun 26Tokyo Electron Device Limited to Report Q1, 2024 Results on Aug 01, 2023Tokyo Electron Device Limited announced that they will report Q1, 2024 results on Aug 01, 2023
Valuation Update With 7 Day Price Move • May 26Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥10,210, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 307% over the past three years.
お知らせ • May 16Tokyo Electron Device Limited Revises Dividend Guidance for the Financial Year Ended March 31, 2023Tokyo Electron Device Limited announces that the Company, at its Board of Directors Meeting held on May 15, 2023, decided to revise the year-end dividends forecast (increase) with a record date of March 31, 2023 as per the following. It should be noted that the amount of the dividends for this surplus are to be resolved at the Board of Directors to be held in May 2023. For the year ended March 31, 2023, the company expects to pay dividend of JPY 210.00 per share compared to previous guidance of JPY 165.00 per share.
Reported Earnings • Apr 29Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥884 (up from JP¥511 in FY 2022). Revenue: JP¥240.4b (up 34% from FY 2022). Net income: JP¥8.78b (up 73% from FY 2022). Profit margin: 3.7% (up from 2.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 41% per year.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥165 per share at 2.9% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
お知らせ • Feb 10+ 1 more updateTokyo Electron Device Limited Provides Dividend Guidance for the Year Ending March 31, 2023Tokyo Electron Device Limited provided dividend guidance for the year ending March 31, 2023. For the year, the company expects to pay dividend of JPY 165.00 against JPY 100.00 a year ago.
Reported Earnings • Jan 31Third quarter 2023 earnings released: EPS: JP¥233 (vs JP¥126 in 3Q 2022)Third quarter 2023 results: EPS: JP¥233 (up from JP¥126 in 3Q 2022). Revenue: JP¥64.1b (up 42% from 3Q 2022). Net income: JP¥2.32b (up 86% from 3Q 2022). Profit margin: 3.6% (up from 2.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 44% per year.
お知らせ • Dec 24Tokyo Electron Device Limited to Report Q3, 2023 Results on Jan 30, 2023Tokyo Electron Device Limited announced that they will report Q3, 2023 results on Jan 30, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥212 (vs JP¥79.87 in 2Q 2022)Second quarter 2023 results: EPS: JP¥212 (up from JP¥79.87 in 2Q 2022). Revenue: JP¥61.1b (up 46% from 2Q 2022). Net income: JP¥2.11b (up 165% from 2Q 2022). Profit margin: 3.4% (up from 1.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Kei Nishida was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 11+ 1 more updateTokyo Electron Device Limited Announces Dividend for the Second Quarter End Provides Dividend Guidance for the Full Year Ending March 31, 2023Tokyo Electron Device Limited resolved to pay Dividends ¥145.00 per share for the second quarter end. Record date: September 30, 2022. Effective date December 1, 2022. provided dividend guidance for the full year ending March 31, 2023. For the year, the company expects to pay dividend of ¥165.00 per share against ¥135.00 a year ago.
Valuation Update With 7 Day Price Move • Nov 04Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥6,950, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 275% over the past three years.
Reported Earnings • Oct 30Second quarter 2023 earnings released: EPS: JP¥212 (vs JP¥79.87 in 2Q 2022)Second quarter 2023 results: EPS: JP¥212 (up from JP¥79.87 in 2Q 2022). Revenue: JP¥61.1b (up 46% from 2Q 2022). Net income: JP¥2.11b (up 165% from 2Q 2022). Profit margin: 3.4% (up from 1.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 43% per year.
お知らせ • Oct 12Tokyo Electron Device Limited Revised Earnings Forecast for the Six Months Ending September 30, 2022Tokyo Electron Device Limited revised earnings forecast for the six months ending September 30, 2022. For the period, the company Revised forecast of Net sales from JPY 94,500 million to JPY 110,000 million, Net income attributable to owners of parent from JPY 2,540 million to JPY 3,350 million, Basic net income per share from JPY 256.61 to JPY 338.27.
お知らせ • Sep 23Tokyo Electron Device Limited to Report Q2, 2023 Results on Oct 28, 2022Tokyo Electron Device Limited announced that they will report Q2, 2023 results on Oct 28, 2022
Upcoming Dividend • Sep 22Upcoming dividend of JP¥105 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).
お知らせ • Aug 02+ 2 more updatesTokyo Electron Device Limited Provides Dividend Guidance for the Second Quarter Ending September 30, 2022Tokyo Electron Device Limited provided dividend guidance for the second quarter ending September 30, 2022. For the quarter, the company expects to pay dividend of ¥105.00 per share against ¥105.00 a year ago.
Reported Earnings • Jul 30First quarter 2023 earnings released: EPS: JP¥149 (vs JP¥183 in 1Q 2022)First quarter 2023 results: EPS: JP¥149 (down from JP¥183 in 1Q 2022). Revenue: JP¥50.7b (up 24% from 1Q 2022). Net income: JP¥1.48b (down 20% from 1Q 2022). Profit margin: 2.9% (down from 4.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.9%, compared to a 10% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 37% per year.
