Tokyo Electron's chipmaking-tool business had its strongest quarter in years. Net sales for the three months to the end of June rose 33.3% year-on-year to ¥732.4bn, and operating profit jumped 46.1% to ¥211.4bn, as customers kept pouring capital into semiconductor production lines built for AI servers.
Ordinary profit climbed 46.3% to ¥215.6bn and net profit attributable to shareholders rose 39.5% to ¥164.3bn. The equity ratio stood at 71.7% at quarter-end. Tokyo Electron reports as a single segment, semiconductor production equipment, so it does not break the quarter down by product line or region.
The results were strong enough that the company revised its half-year guidance upward just three months after setting it. For the six months to the end of September, Tokyo Electron now expects sales of ¥1.62tn, operating profit of ¥458bn and net income of ¥349bn, each raised from the forecast it issued on April 30.
| Metric | Previous forecast | Revised forecast | Change |
|---|---|---|---|
| Net sales | ¥1.57tn | ¥1.62tn | +¥50bn (+3.2%) |
| Operating profit | ¥431bn | ¥458bn | +¥27bn (+6.3%) |
| Ordinary profit | ¥437bn | ¥464bn | +¥27bn (+6.2%) |
| Net income | ¥328bn | ¥349bn | +¥21bn (+6.4%) |
| Interim dividend per share | ¥361 | ¥384 | Increased |
The upgrade carries through to the payout. Tokyo Electron raised its interim dividend forecast to ¥384 per share from ¥361, consistent with a policy that targets a payout ratio of roughly 50% of net profit attributable to shareholders. Last year's full-year dividend totaled ¥628 per share, split into a ¥264 interim payment and a ¥364 year-end payment. This year's year-end dividend, and the full-year sales and profit outlook, will not be disclosed until the half-year results announcement.
One event the company addressed directly: the Kumamoto earthquake of July 28, 2026. Tokyo Electron said its group facilities and equipment sustained no significant damage and that the impact on results is expected to be minor, without putting a figure on any cost or output effect.
The company has not yet updated its outlook for the full fiscal year running through next March; that guidance is due alongside the half-year results later this year.