View ValuationTokyo Electron Device 향후 성장Future 기준 점검 3/6Tokyo Electron Device은 연간 수입과 매출이 각각 12%와 7.9% 증가할 것으로 예상되고 EPS는 연간 12%만큼 증가할 것으로 예상됩니다.핵심 정보12.0%이익 성장률12.01%EPS 성장률Electronic 이익 성장12.0%매출 성장률7.9%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트28 Apr 2026최근 향후 성장 업데이트공시 • 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.공시 • 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.모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • May 19Now 21% undervaluedOver the last 90 days, the stock has risen 12% to JP¥4,075. The fair value is estimated to be JP¥5,126, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Earnings per share has declined by 7.9%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.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.공시 • Apr 28Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2026Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2026.공시 • 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%).분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...공시 • 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).분석 기사 • 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.공시 • 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.공시 • 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, 2025분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.공시 • 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, 2025분석 기사 • 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.공시 • 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.공시 • 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.분석 기사 • 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...공시 • 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.분석 기사 • 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...분석 기사 • 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...공시 • 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, 2025분석 기사 • 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.공시 • 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%).분석 기사 • 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.공시 • 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.공시 • 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.분석 기사 • 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...공시 • Apr 16+ 1 more updateTokyo Electron Device Limited, Annual General Meeting, Jun 19, 2024Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2024.공시 • 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.분석 기사 • 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.공시 • 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, 2024공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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%).공시 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • 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%).공시 • 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.이익 및 매출 성장 예측TSE:2760 - 애널리스트 향후 추정치 및 과거 재무 데이터 (JPY Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/2029259,00011,100N/A7,62013/31/2028242,0009,900N/A5,13013/31/2027225,0008,500N/A1,97013/31/2026203,7487,84215,30315,684N/A12/31/2025200,9998,33017,02417,403N/A9/30/2025200,9117,14920,33821,082N/A6/30/2025204,9087,59721,87023,395N/A3/31/2025216,3798,87417,15318,915N/A12/31/2024225,2368,4909,01610,981N/A9/30/2024234,9029,7402,2083,691N/A6/30/2024240,48310,2942,2093,275N/A3/31/2024242,8889,986-602301N/A12/31/2023244,2029,94711,79812,531N/A9/30/2023248,2799,7451,4802,242N/A6/30/2023248,6859,485-6,317-5,918N/A3/31/2023240,3508,778-12,455-12,185N/A12/31/2022227,9117,091-24,771-24,531N/A9/30/2022208,8966,023-16,163-15,890N/A6/30/2022189,5754,713-8,064-7,781N/A3/31/2022179,9075,085-1,271-891N/A12/31/2021172,0545,252577980N/A9/30/2021164,1474,9661,4571,798N/A6/30/2021155,8194,5617091,048N/A3/31/2021143,2683,143-3,890-3,463N/A12/31/2020136,0382,778-2,788-2,334N/A9/30/2020132,0822,247165606N/A6/30/2020131,2232,3202,5373,124N/A3/31/2020135,3942,2888,1078,651N/A12/31/2019135,4672,111N/A6,965N/A9/30/2019137,4482,311N/A5,868N/A6/30/2019140,0902,376N/A7,421N/A3/31/2019141,0002,341N/A12,335N/A12/31/2018144,4091,854N/A12,842N/A9/30/2018152,1751,793N/A8,198N/A6/30/2018157,9911,671N/A968N/A3/31/2018159,8411,598N/A-7,993N/A12/31/2017157,4641,882N/A-11,868N/A9/30/2017148,0451,438N/A-7,618N/A6/30/2017137,8571,201N/A-3,548N/A3/31/2017131,855972N/A-4,685N/A12/31/2016125,353733N/A-3,016N/A9/30/2016120,929742N/A-2,418N/A6/30/2016118,802620N/A-547N/A3/31/2016117,831925N/A3,543N/A12/31/2015117,603897N/A2,945N/A9/30/2015114,855846N/A3,395N/A6/30/2015114,1311,025N/A-1,793N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 2760 의 연간 예상 수익 증가율(12%)이 saving rate(0.8%)보다 높습니다.수익 vs 시장: 2760 의 연간 수익(12%)이 JP 시장(8.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 2760 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 2760 의 수익(연간 7.9%)이 JP 시장(연간 5.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 2760 의 수익(연간 7.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 2760의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YTech 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 07:11종가2026/05/26 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Tokyo Electron Device Limited는 3명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Mitsuhiro OsawaIchiyoshi Research Institute Inc.Claudio AritomiMacquarie ResearchEiji TomaruMizuho Securities Co., Ltd.
공시 • 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.
공시 • 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.
Buy Or Sell Opportunity • May 19Now 21% undervaluedOver the last 90 days, the stock has risen 12% to JP¥4,075. The fair value is estimated to be JP¥5,126, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.1% over the last 3 years. Earnings per share has declined by 7.9%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
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.
공시 • Apr 28Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2026Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2026.
공시 • 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%).
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
공시 • 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).
분석 기사 • 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.
공시 • 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.
공시 • 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
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
공시 • 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
분석 기사 • 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.
공시 • 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.
공시 • 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.
분석 기사 • 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...
공시 • 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.
분석 기사 • 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...
분석 기사 • 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...
공시 • 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
분석 기사 • 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.
공시 • 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%).
분석 기사 • 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.
공시 • 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.
공시 • 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.
분석 기사 • 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...
공시 • Apr 16+ 1 more updateTokyo Electron Device Limited, Annual General Meeting, Jun 19, 2024Tokyo Electron Device Limited, Annual General Meeting, Jun 19, 2024.
공시 • 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.
분석 기사 • 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.
공시 • 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
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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%).
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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%).
공시 • 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.