Bloomberg News

Tokyo Electron Falls Most in Five Months After Cutting Forecast

August 01, 2011

Aug. 2 (Bloomberg) -- Tokyo Electron Ltd., Japan’s biggest chip-equipment maker, dropped the most in almost five months after cutting its full-year net income forecast 49 percent.

Tokyo Electron declined 5.7 percent to 3,960 yen as of 9:17 a.m. on the Tokyo Stock Exchange, headed for the biggest fall since March 17. The benchmark Nikkei 225 Stock Average slid 1.3 percent.

To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net

To contact the editor responsible for this story: Kyung Bok Cho at kcho7@bloomberg.net


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