Tokyo Electron Device to book JPY 0.9bn extraordinary income from affiliate sale

Tokyo Electron Device Limited announced on September 29, 2025, its resolution to transfer all shares in its equity-method affiliate, Fidus Systems Inc., to Catchment Capital, L.P. The transaction is expected to result in the recording of approximately JPY 0.9bn in extraordinary income from the gain on sale of shares in the third quarter of the fiscal year ending March 31, 2026. This move will end Fidus Systems Inc.'s status as an equity-method affiliate of Tokyo Electron Device.

The total transfer price for the 1,081,641 shares is estimated at approximately JPY 1.2bn, with a potential range of JPY 1.2bn to JPY 1.6bn, subject to a price adjustment clause based on Fidus's final EBITDA results for 2025. The share transfer agreement was concluded on September 29, 2025, with the execution of the transfer planned for October 2025.

Tokyo Electron Device cited a reduction in the strategic significance of its capital alliance with Fidus, initially formed in 2014 to expand its FPGA evaluation board business, as the primary reason for the divestiture. The company aims to optimize its managerial resource allocation and strengthen its financial foundation through this sale.