Earnings quality
Compare earnings and operating cash flow for earnings quality.
Tokyo Electron Limited
Ticker 8035 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-22 · Period end 2026-03-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 25.6%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin25.6%
Equity ratio—
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
東京エレクトロン株式会社 is a Japanese listed company with financial statements filed on EDINET. A detailed English business summary was not auto-extracted from this filing.
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | ¥2.4T | ¥2.4T |
| Cost of sales* | ¥1.3T | ¥1.3T |
| Gross profit | ¥1.1T | ¥1.1T |
| Operating profit (loss) | ¥697.3B | ¥624.9B |
| Finance income | — | — |
| Finance costs | — | — |
| Income tax expense | ¥162.0B | ¥173.7B |
| Profit (loss) | ¥544.1B | ¥574.5B |
| Profit (loss) attributable to owners | ¥544.1B | ¥574.5B |
| Basic EPS (¥) | — | — |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥485.1B | ¥505.4B |
| Current assets | ¥1.8T | ¥1.8T |
| Non-current assets | ¥825.2B | ¥1.0T |
| Total assets | ¥2.6T | ¥2.9T |
| Short-term borrowings | — | — |
| Current liabilities | ¥677.9B | ¥679.2B |
| Non-current liabilities* | ¥92.8B | ¥111.8B |
| Total liabilities | ¥770.8B | ¥791.0B |
| Equity attributable to owners | — | — |
| Total equity | — | — |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥582.2B | ¥539.7B |
| Cash flows from investing activities | — | — |
| Cash flows from financing activities | -¥388.8B | -¥425.4B |
| Net increase (decrease) in cash | ¥23.5B | ¥20.3B |
| Cash at end of period | ¥485.1B | ¥505.4B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥2.0T | ¥2.2T | ¥1.8T | ¥2.4T | ¥2.4T | |
| Operating profit | ¥601.7B | ¥625.2B | ¥463.2B | ¥707.7B | ¥630.3B | |
| Profit to owners | — | — | — | ¥544.1B | ¥574.5B | |
| Total assets | ¥1.9T | ¥2.3T | ¥2.5T | ¥2.6T | ¥2.9T | |
| Cash & equivalents | — | — | ¥461.6B | ¥485.1B | ¥505.4B | |
| Owners’ equity | ¥1.3T | ¥1.6T | ¥1.8T | ¥1.9T | ¥2.1T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from ¥2.4T to ¥2.4T (▲ +0.5%), so the top line did not break. Gross profit only slipped from ¥1.1T to ¥1.1T, while operating profit swung from ¥697.3B to ¥624.9B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥539.7B (prior ¥582.2B), and cash on the balance sheet rose to ¥505.4B from ¥485.1B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥791.0B while owners’ equity fell to —. ROE moved from 30.3% to 29.6%, and the equity ratio from 70.1% to 71.5%. Employee count is 20,236 vs 19,573 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YEOO
(東京エレクトロン株式会社), period end 2026-03-31.