FOR IMMEDIATE RELEASE
September 26, 2007
ADVANTEST CORPORATION
Toshio Maruyama, Representative Board Director, President & CEO
Stock Code Number: 6857, TSE first section
NYSE Ticker Symbol: ATE
CONTACT:
Hiroshi Nakamura
Executive Officer & Senior Vice President, Financial Group
Phone: +81-(0)3-3214-7500
Notice Concerning the Dissolution of a Subsidiary
Tokyo – September 26, 2007 – Advantest Corporation (the “Company”) resolved at the meeting of its Board of Directors today to dissolve its subsidiary, Advantest Technology Solutions Corporation.
1. Reason for Dissolution
The Company established Advantest Technology Solutions Corporation in 2005 as a wholly owned subsidiary responsible for the business related to semiconductor design verification systems that utilized new test technology to simplify the verification process. However, the Company does not anticipate the continuation or further development of this business at the present time, and has therefore resolved to dissolve Advantest Technology Solutions Corporation.
2. Profile of Advantest Technology Solutions Corporation
Name: | Advantest Technology Solutions Corporation |
Location: | 403 Kosugi-cho 1-chome, Nakahara-ku, Kawasaki-shi, Kanagawa, Japan |
Representative: | Shigeru Sugamori |
Primary Business: | The development, manufacture and sale of semiconductor design support equipment |
Established: | July 1, 2005 |
Capital: | 80 million yen |
Shareholder: | Advantest Corporation (100%) |
3. Date of Dissolution
Advantest Technology Solutions Corporation is scheduled to be dissolved in December 2007.
4. Outlook
The effects of the dissolution on the consolidated and non-consolidated business performance of Advantest Corporation for the fiscal year ending March 31, 2008 are expected to be minor.