TOKYO ELECTRON DEVICE Reveals Third Quarter Fiscal Year 2023 Earnings Results on February 10 2023.
March 19, 2023
Earnings Overview
On February 10 2023, TOKYO ELECTRON DEVICE ($TSE:2760) released their financial results for the third quarter of the fiscal year 2023, with a closing date of December 31 2022. The total revenue increased by 85.6% year-on-year to JPY 2.3 billion, while net income rose by 42.2%, reaching JPY 64.1 billion.
Stock Price
The stock opened at JP¥7780.0 at the start of the trading day, and closed at JP¥7760.0 by the end of the day. This was a 0.9% increase from their prior closing price of 7690.0 on the previous day. This was attributed to increased sales in their semiconductor products, as well as strong performance in their automotive and medical products. Overall, TOKYO ELECTRON DEVICE posted a solid performance in the third quarter of the fiscal year 2023.
They are now looking to continue this momentum into the fourth quarter, in order to reach their full-year targets. Investors should keep a close eye on the company in the coming weeks for further updates. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tokyo Electron Device. More…
| Total Revenues | Net Income | Net Margin |
| 227.91k | 7.09k | 3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tokyo Electron Device. More…
| Operations | Investing | Financing |
| -24.53k | -162 | 24.4k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tokyo Electron Device. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 145.07k | 108.93k | 3.54k |
Key Ratios Snapshot
Some of the financial key ratios for Tokyo Electron Device are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.9% | 64.7% | 6.1% |
| FCF Margin | ROE | ROA |
| -10.9% | 24.8% | 5.9% |
Analysis
GoodWhale conducted an analysis of the financials of TOKYO ELECTRON DEVICE. Our Star Chart revealed that the company is strong in dividend, growth, and medium in asset and profitability. Based on this data, we classify TOKYO ELECTRON DEVICE as a ‘cheetah’ – a type of company that achieves high revenue or earnings growth but is considered less stable due to lower profitability. Given these characteristics, this type of company would be attractive to certain kinds of investors. Those who are more risk-averse may favour companies with higher profitability and stability, but for investors looking for higher growth, TOKYO ELECTRON DEVICE could be a viable option. Furthermore, our health score for TOKYO ELECTRON DEVICE is 4/10, meaning that the company has sufficient cashflows and debt to safely ride out any crisis without the risk of bankruptcy. More…
Peers
It is a leader in the industry, competing against several large companies such as Netronix Inc, Arrow Electronics Inc, and PC Connection Inc. TED’s products are renowned for their high quality and reliable service, making it a key player in the global electronics market.
– Netronix Inc ($TPEX:6143)
Netronix Inc is a global, leading designer and manufacturer of innovative, high-quality electronic products and solutions. The company has a market cap of 6.52 billion as of 2023, indicating a strong performance in the market. Its Return on Equity (ROE) is 16.65%, which is above the industry average and demonstrates the company’s successful management of its shareholders’ investments. Netronix Inc covers a wide range of product segments including industrial computing, medical diagnostic equipment, automotive components, embedded systems, and more. This diversity helps the company develop customer-specific solutions to meet customer needs.
– Arrow Electronics Inc ($NYSE:ARW)
Arrow Electronics Inc is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company has a market capitalization of 6.76B as of 2023, indicating the company’s size and value in the market. Arrow Electronics has a strong Return on Equity (ROE) of 23.97%, indicating a strong return on equity for shareholders. This is impressive for a company of its size and indicates Arrow Electronics is doing a good job at growing their profits and creating value for their shareholders.
– PC Connection Inc ($NASDAQ:CNXN)
Connection Inc. is a leading provider of technology solutions for business, healthcare, and education customers. The company’s market capitalization stands at 1.13 billion as of 2023, signifying the market’s confidence in its ability to generate value for shareholders. Connection Inc’s Return on Equity (ROE) of 9.9% indicates that the company has been able to efficiently deploy its equity to generate profits. The company has leveraged its expansive network of more than 1,400 stores and technology services to become a leader in the tech industry.
Summary
Investors in Tokyo Electron Device have seen excellent results in the third quarter of the fiscal year 2023, with total revenue increasing 85.6% year-on-year to JPY 2.3 billion and net income rising by 42.2% to JPY 64.1 billion. This strong performance was driven by increased demand for its products across all its markets and sectors, as well as successful cost-cutting initiatives. Looking forward, the company is well-positioned to continue delivering growth and generating returns for shareholders.
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