Today I will talk about Tokyo Electron which develops, manufactures and sells semiconductor and flat panel display production equipment.
8035 Tokyo Electron
Semiconductors are essential for many electric appliances, or social infrastructure such as transportation and communication which supports our current lifestyles.
In a society in which multifaceted business models and lifestyles evolve due to the IoT (Internet of Things), where everything is connected to the Internet, and AI (artificial intelligence) etc., there is an increasing expectation for further development by technological innovation, and actually the business results of Tokyo Electron have greatly increased.
Tokyo Electron is in the field of flat panel displays (FPD), in addition to rising demand for small - to medium-sized panels, as
well as larger screens with , -higher resolution, the popularization of organic EL , and the spread of design and application fields.
In the aforementioned fields, Tokyo Electron has the highest market share in Japan and overseas sales have reached more than 80%.
￥15,770（11/27 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: March Dividend yield 4.59% PER 10.92 PBR 3.07
Equity ratio 63.5%
Since the stock price is expensive, it is necessary to invest more than the amount of 1.5 million yen, even for a minimum lot.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2016.3 |
663,948 |
116,788 |
77,891 |
461.1 |
237 |
51% |
|
2017.3 |
799,719 |
155,697 |
115,208 |
702.3 |
352 |
50% |
|
2018.3 |
1,130,728 |
281,172 |
204,371 |
1,245 |
624 |
50% |
|
2019.3 |
1,280,000 |
309,000 |
237,000 |
1,445.8 |
724 |
50% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for March, 2019 is the predicted value
|
Cash flow statement |
2018.3 |
2017.3 |
|
CF operating activities |
1,865 |
1,369 |
|
CF investing activities |
▲118 |
▲288 |
|
CF financing activities |
▲825 |
▲393 |
※One unit is one hundred million yen
Note: You should be responsible for your own investment. Please make your own final judgment.