Tokyo Electron Ltd. (TEL) announced that the financial forecast announced on April 27, 2015 and the dividends forecast announced on July 10, 2015 have been revised based on recent business trend as follows.



1. Financial Forecast Revision
Consolidated financial forecast revision for the first six months of the fiscal year ending March 31, 2016
(April 1, 2015 - September 30, 2015)
Net sales
(Millions of yen) 		Operating income
(Millions of yen) 		Ordinary income
(Millions of yen) 		Quarterly net income attributable to owners of parent (Millions of yen) Quarterly net income per share (Yen)
Previous forecast (A) 320,000 47,000 47,000 33,000 184.08
Revised forecast (B) 338,500 53,500 53,500 37,000 209.04
Change (B-A) 18,500 6,500 6,500 4,000
Change ratio (%) 5.8 13.8 13.8 12.1
Results for the six months ended September 30, 2014 294,273 30,115 31,773 20,016 111.68


Consolidated financial forecast revision for the year ending March 31, 2016
(April 1, 2015 - March 31, 2016)
Net sales (Millions of yen) Operating income (Millions of yen) Ordinary income (Millions of yen) Net income attributable to owners of parent (Millions of yen) Net income per share (Yen)
Previous forecast (A) 675,000 112,000 112,000 79,000 440.69
Revised forecast (B) 645,000 95,000 95,000 66,000 373.78
Change (B-A) △30,000 △17,000 △17,000 △13,000
Change ratio (%) △4.4 △15.2 △15.2 △16.5
Results for the year ended March 31, 2015 613,124 88,113 92,949 71,888 401.08

Reason for financial forecast revision
In light of the semiconductor market environment and our current orders, TEL will make a revision to our financial forecast for the first six months of the current fiscal year as well as our forecast for the full year.

Note: The financial forecasts and estimates stated in this announcement are based on certain assumptions judged to be reasonable by the TEL in light of information currently available concerning economic conditions in Japan and overseas, fluctuations in foreign exchange rates, and other factors that may have an impact on performance. The company does not promise that the forecasts or estimates will be accurate.
They are therefore susceptible to the impact of many uncertainties, including market conditions, competition, the launching of new products (and their success or failure), and global conditions in the semiconductor related industry. Consequently, actual sales and profits may differ substantially from the projections stated in this announcement.


2. Dividends Forecast Revision
　　　　　　　　　　　Dividend per share
(Yen) 1Q-end 2Q-end 3Q-end Year-end Total
Previous forecast
(July 10, 2015)
-
93.00
-
129.00
222.00
Revised forecast - 105.00 - 83.00 188.00
Results for the year ending March 31, 2016 - - -
Results for the year ended March 31, 2015 10.00 30.00 35.00 68.00 143.00


Reason for dividend forecast revision
The dividend policy of TEL is to link dividend payments to business performance and earnings on an ongoing basis. TEL adopted the new shareholders returning policy from the fiscal year ending March 31, 2016 and provided returns directly to shareholders with the basic policy that is to maintain a payout ratio of around 50% based on consolidated net income. In conjunction with the revision of our consolidated forecasts, TEL has also revised our dividends forecast per share as above.



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