Tokyo Electron cuts full-year forecasts after Q1 decline

Tokyo Electron reported Q1 2025 net sales of 549.6bn yen, down 1.0% year-over-year, with net income falling 6.6% to 117.8bn yen.

The company revised its full-year 2026 sales forecast to 2.35 trillion yen from 2.6 trillion yen, and cut net income guidance to 444bn yen from 566bn yen. Annual dividends were reduced from 618 yen to 485 yen per share.