OREANDA-NEWS. August 02, 2011. During the first quarter of the current fiscal year, concerns about future developments persisted, but the global economy overall showed a steady change. Strong economies continued in China, India, and other emerging nations, however the momentum of economic growth has begun to slow. Meanwhile, the Japanese economy has only recently started to recover from the effects of the Great East Japan Earthquake, reported the press-centre of TEL.

In the electronics industry, in which the Tokyo Electron group conducts its business, the information terminals devices including smartphones remained strong, but the gap between supply and demand for semiconductors widened, and inventory adjustments have begun.

Consequently, consolidated net sales for the first quarter were 153,117 million yen (up 5.7% compared to the same period of the previous year). Consolidated operating income and ordinary income, respectively, were 23,088 million yen (up 26.0% compared to the same period of the previous year) and 23,751 million yen (up 24.6% compared to the same period of the previous year). Net income for the first quarter was 16,636 million yen (up 13.0% compared to the same period of the previous year).