TOKYO (Reuters) – Tokyo Electron said Thursday it lowered its consolidated operating profit forecast for the fiscal year ended March 31, 2023 to 546 billion yen, down 8.9% from the year. previous one. Earnings are expected to rise 19.5% to 716 billion yen, but earnings are expected to decline. In addition to the impact of changes and deferrals of capital investments by customers, primarily in memory semiconductors, the impact of US export restrictions on China is also considered.
It was also below the average of 668.9 billion yen predicted by the consensus of 22 analysts compiled by IBES.
The operating profit for the period April-September 2022 announced at the same time was 350.1 billion yen, up 27.5% year-on-year. In the semiconductor manufacturing equipment industry, sales of non-volatile memory and logic semiconductors were strong. Sales were record for both the quarter and the first half.
As a result, the interim dividend will be increased from the previous forecast of 751 yen to 857 yen, while the year-end dividend will be reduced from the previous forecast of 927 yen to 625 yen.
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