Tokyo Electron has released its financial results for the fiscal year ending March 31, 2024, showing a resilient performance despite global economic challenges. The company reported a net sales increase of 10.2%, reaching ¥2,209 billion, with a notable 3.1% rise in operating income to ¥617 billion. This financial upswing is attributed to the heightened demand for semiconductor production equipment, propelled by the emerging needs of generative AI technologies and advanced memory storage solutions.
The company’s forward-looking strategy is evident in its projection for the fiscal year ending March 31, 2025, where it anticipates a sales increase of 20% to ¥2.2 trillion. This optimistic forecast is bolstered by the recovery and expansion in the sectors of advanced logic and memory chips, particularly with 2-nanometer pilot production lines and 3-nanometer level volume production set to commence.
Furthermore, Tokyo Electron has noted significant interest in cutting-edge DRAM memory tools, essential for high-bandwidth memory (HBM) and DDR5 technologies, which are critical for AI computing. This strategic focus is expected to solidify the company’s market position and enhance shareholder value, particularly as it navigates through fluctuating raw material costs and the depreciating yen.
In light of these developments, Tokyo Electron remains committed to sustaining its growth trajectory through focused investments in technology and infrastructure, ensuring its competitive edge in a rapidly evolving industry.
