Tokyo Electron Limited provided dividend guidance for the year ending March 31, 2017. For the year ending March 31, 2017, the company expects to pay ¥177 per share compared to ¥112 per share for the same period last year.

The company reported consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported net sales of ¥186,364 million, operating income of ¥34,147 million, ordinary income of ¥33,327 million and net income attributable to owners of parent of ¥25,951 million.

For the nine months, the company reported net sales of ¥539,087 million against ¥499,722 million a year ago. Operating income was ¥94,160 million against ¥86,763 million a year ago. Ordinary income was ¥95,692 million against ¥88,039 million a year ago. Net income attributable to owners of parent was ¥67,918 million or ¥412.90 per diluted share against ¥59,235 million or ¥346.42 per diluted share a year ago. Income before income taxes was ¥87,632 million against ¥82,657 million a year ago. Cash flows from operating activities were positive at ¥93,310 million, an increase of ¥31,870 million compared to the same period of the previous fiscal year. The main positive factors were ¥87,632 million in net income before income taxes, ¥12,779 million in depreciation and amortization, an increase of ¥56,350 million in customer advances, and an increase of ¥5,428 million in trade notes and accounts payable. The main negative factors were a ¥35,458 million increase in inventories, the payment of income taxes of ¥32,735 million, and an increase of ¥9,723 million in accounts receivable.

For the year ending March 31, 2017, the company expects net sales of ¥762,000 million, operating income of ¥140,000 million, ordinary income of ¥142,000 million and net income attributable to owners of parent of ¥100,000 million or ¥609.56 per share.