Based on recent business performance trends and other factors, Tokyo Electron Limited (TEL) has revised its forecasts for financial results and dividends per share (released when financial results were announced on May 12, 2005) as follows:

1. Consolidated financial forecast revision

a. Financial forecast revision for the six months ended September 30, 2005 (April 1, 2005 - Septeber 30, 2005)



                                                                                                                   (Million of Yen, %)

	Net sales	Ordinary income	Net income
Previous forecast (A) (May 12, 2005)	315,000	30,500	18,000
Revised forecast (B)	333,100	36,700	23,900
Amount of increase/decrease (B-A)	18,100	6,200	5,900
Percent increase/decrease	5.7%	20.3%	32.8%
Results for the six months ended September 30, 2004	280,199	20,984	1,272

b. Financial forecast revision for the year ending March 31, 2006 (April 1, 2005 - March 31, 2006)

                                                                                                                   (Million of Yen, %)

	Net sales	Ordinary income	Net income
Previous forecast (A) (May 12, 2005)	610,000	61,000	36,000
Revised forecast (B)	650,000	69,000	44,000
Amount of increase/decrease (B-A)	40,000	8,000	8,000
Percent increase/decrease	6.6%	13.1%	22.2%
Results for the six months ended March 31, 2005	635,710	65,632	61,601

2. Non-consolidated financial forecast revision

a. Financial forecast revision for the six months ended September 30, 2005 (April 1, 2005 - September 30, 2005)

                                                                                                                   (Million of Yen, %)

	Net sales	Ordinary income	Net income
Previous forecast (A) (May 12, 2005)	270,000	14,000	8,500
Revised forecast (B)	286,700	20,500	13,800
Amount of increase/decrease (B-A)	16,700	6,500	5,300
Percent increase/decrease	6.2%	46.4%	62.4%
Results for the six months ended September 30, 2004	229,154	12,143	-67

b. Financial forecast revision for the year ending March 31, 2006 (April 1, 2005 - March 31, 2006)



                                                                                                                   (Million of Yen, %)

	Net sales	Ordinary income	Net income
Previous forecast (A) (May 12, 2005)	510,000	29,000	17,500
Revised forecast (B)	550,000	37,000	24,000
Amount of increase/decrease (B-A)	40,000	8,000	6,500
Percent increase/decrease	7.8%	27.6%	37.1%
Results for the six months ended March 31, 2005	536,711	33,227	33,805

[Reason for revision]



In the markets related to semiconductors and flat panel displays (FPDs), inventory adjustments for semiconductors and electronic components, which began in the second half of last year, have run their course and semiconductor and FPD manufacturers continue to make brisk capital investments. Under these circumstances, net sales by TEL's semiconductor and FPD production equipment divisions are expected to exceed previous forecasts.

3. Dividends per share forecast revision

	Interim	Year-end	Full year
Previous forecast (May 12, 2005)	21 yen	21 yen	42 yen
Revised forecast	25 yen	25 yen	50 yen
Previous FY Dividends (Year ended on March 31, 2004)	15 yen	30 yen	45 yen

[Reason for revision]



As announced on April 19, 2005, TEL's new dividend policy is to aim for a payout ratio of 20% based on consolidated net income for the current term, starting with the payment of interim and year-end dividends for the fiscal year ending March 2006. Therefore, following the revision of financial forecasts for the full year as mentioned above, the previous dividend forecasts have also been revised.