FOR IMMEDIATE RELEASE
October 28, 2014
ADVANTEST CORPORATION
Shinichiro Kuroe, Representative Director, President & CEO
(Stock Code Number: 6857, TSE first section)
(Ticker Symbol: ATE, NYSE)
CONTACT:
Hiroshi Nakamura
Director, Managing Executive Officer &
Executive Vice President, Corporate Administration Group
Phone: +81-(0)3-3214-7500
Revisions of Earnings Forecast for the Fiscal Year Ending March 31, 2015
In light of recent changes in business performance, we announce revisions to the consolidated earnings forecast announced on July 24, 2014 for the fiscal year ending March 31, 2015 as follows:
1. Revised consolidated earnings forecast for the fiscal year ending March 31, 2015 (April 1, 2014 to March 31, 2015)
(US GAAP)
| | Net Sales | Operating income (loss) | Income (loss) before income taxes and equity in earnings (loss) of affiliated company | Net income (loss) | Net income (loss) per share - (basic) |
FY2014 forecast (A) (announced July 24, 2014) | Million yen 145,000 | Million yen 10,000 | Million yen 10,000 | Million yen 7,500 | Yen 43.06 |
FY2014 forecast (B) (announced October 28, 2014) | 152,000 | 12,000 | 13,700 | 8,000 | 45.93 |
| Difference (B-A) | 7,000 | 2,000 | 3,700 | 500 | - |
| Percentage change | 4.8% | 20.0% | 37.0% | 6.7% | - |
(Reference) FY2013 actual | 111,878 | (36,369) | (35,501) | (35,540) | (204.10) |
<Reasons for the earnings forecast revisions>
Advantest has revised its forecast for the full FY2014 as follows, with figures in brackets those announced in July 2014. Advantest now expects net sales of (Y) 152.0 billion ((Y) 145.0 billion) and operating income of (Y) 12.0 billion ((Y) 10.0 billion), based on robust demand for test systems. Advantest also now expects consolidated income before taxes of (Y) 13.7 billion ((Y) 10.0 billion), based on cumulative other income (expense) through the first half of the fiscal year, and net profit of (Y) 8.0 billion ((Y) 7.5 billion).
Cautionary Statement with Respect to Forward-Looking Statements
This document contains “forward-looking statements” that are based on Advantest’s current expectations, estimates and projections. These statements include, among other things, the discussion of Advantest’s business strategy, outlook and expectations as to market and business developments, production and capacity plans. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “project,” “should” and similar expressions. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause Advantest’s actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, including:
| | • | changes in demand for the products and services produced and offered by Advantest’s customers, including semiconductors, communications services and electronic goods; |
| | • | circumstances relating to Advantest’s investment in technology, including its ability to timely develop products that meet the changing needs of semiconductor manufacturers and communications network equipment and components makers and service providers; |
| | • | the environment in which Advantest purchases materials, components and supplies for the production of its products, including the availability of necessary materials, components and supplies during a significant expansion in the market in which Advantest operates; and |
| | • | changes in economic conditions, competitive environment, currency exchange rates or political stability in the major markets where Advantest produces, distributes or sells its products. |
These risks, uncertainties and other factors also include those identified in “Operating and Financial Review and Prospects,” “Key Information—Risk Factors” and “Information on the Company” set forth elsewhere in Advantest’s annual report on Form 20-F, which is on file with the United States Securities and Exchange Commission.
