Tokyo Electron Limited (TEL) has announced upward revisions to its financial and dividend forecasts for the fiscal year ending March 31, 2025. The adjustments reflect a robust performance in the semiconductor production equipment sector, driven by heightened demand for advanced logic and memory applications.
For the first half of the fiscal year, TEL now projects net sales to reach ¥1.1 trillion (US$7.6 billion), a 10% increase from its previous forecast. Operating income is expected to rise by 18.5% to ¥288 billion (US$2 billion), while net income attributable to owners is anticipated to increase by 17.8% to ¥218 billion (US$1.5 billion). These revisions are in response to strong capital investments by customers, particularly in advanced semiconductor technologies.
For the full fiscal year, TEL forecasts net sales of ¥2.3 trillion (US$15.8 billion), representing a 4.5% increase from earlier estimates. The company also expects operating income to grow by 7.7% to ¥627 billion (US$4.3 billion) and net income to rise by 7.4% to ¥478 billion (US$3.3 billion).
The dividend per share is forecasted to increase from the previous estimate of ¥481 to ¥519, reflecting TEL’s commitment to maintaining a payout ratio of approximately 50% based on consolidated net income. This revised forecast highlights TEL’s confidence in its financial strength and market position amid ongoing technological advancements in the semiconductor industry.
