[ADVANTEST LOGO]
Advantest Corporation
Business Report for Fiscal Year 2003
(April 1, 2003 through March 31, 2004)
[Cover graphics]
To Our Shareholders
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Let us report on the business results of Advantest (the "Company") on a
consolidated basis during fiscal year 2003 (April 1, 2003 through March 31,
2004).
During fiscal year 2003, business conditions affecting the Company were
generally very favorable due to an increase in capital expenditures in the
semiconductor manufacturing industry, as stimulated by increased demand for
digital consumer products including digital cameras and DVD recorders, decreased
volatility of DRAM prices, and improved demand for personal computers. In this
environment, the Company made concentrated efforts to increase incoming orders
and expand sales through the timely introduction of new products. The Company
and its subsidiaries combined forces in a drive towards improving profitability
by shortening production time and improving production efficiency, in part
through a reorganization of its manufacturing operations implemented on July 1,
2003 to consolidate certain of its manufacturing subsidiaries under Advantest
Manufacturing, Inc., as well as continuing its efforts from the previous fiscal
year to reduce fixed costs.
As a result, the Company returned to profit as incoming orders increased by
105.9% to (Y)208.9 billion and net sales increased by 78.2% to (Y)174.2 billion,
each as compared with the previous fiscal year, while achieving net income
before income taxes of (Y)28.8 billion and net income of (Y)17.3 billion.
Overseas sales as a percentage of total sales was 66.7%, as compared to 60.2% in
the previous fiscal year.
Dividends were approved at the 62nd General Shareholders' Meeting. A
year-end dividend of (Y)25 per share, which, together with the interim dividend
of (Y)15 per share, amounted to a fiscal year total of (Y)40 per share (as
compared with (Y)30 per share in the previous fiscal year).
With respect to business conditions in the upcoming fiscal year, the
Company expects a continued increase in demand for digital consumer devices as
well as a strong increase in semiconductor demand in light of the recovery of
the personal computer market and the expansion of the third-generation mobile
phone market. In addition, the Company expects an increase in capital
expenditures by semiconductor manufacturers resulting from investments relating
to 300mm wafers and the transition to the next generation of memory devices.
Notwithstanding the existence of certain factors that may have a negative
impact, such as the strengthening of the Yen and the prospects for continued
economic recovery, the Company expects the business environment to improve in
general.
In order to capture the expected increases in demand, the Company plans to
implement a number of measures aimed at furthering profitability, including
plans to increase sales through the timely introduction of new products that
meet market needs, as well as its continued efforts to shorten time-to-delivery
through improvements in manufacturing efficiency. The Company is focused on
improving operating results through establishing an operating structure that
responds timely to market changes, promoting fast development of key future
technologies and providing timely customer solutions under the concept of
"GETsolution".*1
To achieve these objectives, the Company strives to further strengthen its
product development operations and improve production efficiency by selectively
focusing on certain businesses, while strengthening its overseas operations in
the U.S., Europe and Asia. In connection with the reclassification of its
business segments, as described below, of the Company's business in fiscal year
2004, the Company plans to reclassify its two reportable segments of "Automated
Test Equipment" and "Measuring Instruments" into the following three new
segments: "Semiconductor and Component Test System", "Mechatronics System" and
"Services, Support and Others". The Company has undertaken a fundamental review
of its business segments, and made the decision to reclassify its business
segments by selectively focusing on certain of its existing businesses, that
center on the act of "measurement" which is the basic pillar of the Company's
business.
Fiscal year 2004 marks the Company's 50th anniversary and is the last
fiscal year of a company-wide initiative called "Initiative21" which the Company
launched in October 2001. This initiative seeks to promote new ideas and
improvement strategies at all levels of the Company, in such divisions ranging
from sales, development and manufacturing to maintenance and administration,
with an aim toward strengthening the Company's competitiveness. The Company
expects to achieve further growth and fulfill its social mission by having each
employee take the initiative to tackle new issues.
Further, the Company seeks to achieve better transparency and strengthen
its corporate branding by focusing on the importance of corporate social
responsibilities, enhancing its disclosure process and compliance system, and
addressing environmental as well as human rights issues.
We look forward to your continued support and guidance.
June 2004
[Picture of Hiroshi Oura and Toshio Maruyama]
Hiroshi Oura Toshio Maruyama
(Chairman of the Board and CEO) (Representative Board Director,
President of Corporate Executive
Officers and COO)
*1 GETsolution (Globally Enabled Total solution) is the Company's service
business designed to provide a set of comprehensive solutions to deal with
issues ranging from design to delivery of semiconductors.
Business Results by Segment
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Automated Test Equipment Segment
Flash memory testers in the memory tester market performed strongly both
domestically and overseas. In addition, DRAM testers experienced solid sales,
particularly with respect to new models such as the T5593 high-speed memory
tester for next generation DDR memory and general purpose high-speed memory
testers, that generated a high level of purchase inquiries both domestically and
overseas.
In the SoC (System-on-a-chip) and application specific semiconductor tester
market, testers for SoC used in mobile phones and digital consumer devices and
testers for LCD driver ICs continued their strong sales from the previous fiscal
year particularly in Japan and in Taiwan. In addition, the Company has
introduced new products aiming at the CCD and in-car device market. The Company
has also launched the T2000 series, a new-concept tester based on OPENSTAR(TM),
*2 which recorded strong sales in the North American market.
As a result, incoming orders in the automated test equipment segment
increased by 118.9% to (Y)195.4 billion while net sales of the segment increased
by 89.4% to (Y)160.8 billion, each as compared with the previous fiscal year.
Overseas sales as a percentage of total sales in the automated test equipment
segment was 70.2%, as compared to 65.4% in the previous fiscal year.
[Picture of the Memory test system T5724]
[Picture of the Test system T2000]
*2 OPENSTAR(TM) - The open architecture standard published by the Semiconductor
Test Consortium, Inc.
Measuring Instruments Segment
Business conditions continued to be severe due to delays in the recovery of
demand in the general communications market, despite certain markets in wireless
communications, such as the wireless LAN market, performing well. In this
segment, despite efforts to introduce new products based on the WMT*3 platform,
including a high-performance signal analyzer for next generation mobile
communication, full-fledged recovery was not seen in sales or profits.
Incoming orders in the measuring instruments segment increased by 10.8% to
(Y)13.4 billion while net sales of the segment increased by 4.2% to (Y)13.3
billion, each as compared with the previous fiscal year. Overseas sales as a
percentage of total sales in the measuring instruments segment was 25.2%, as
compared to 25.8% in the previous fiscal year. In addition, the measuring
instruments segment has faced operating deficits in the two preceding fiscal
years and, despite the Company's restructuring efforts, did not return to
profitability in the current fiscal year, with any such prospects for the
foreseeable future. Therefore, the Company made a determination to recognize an
impairment loss on the fixed assets of this segment in the aggregate amount of
(Y)3.0 billion, which was included in operating expenses of this fiscal year.
[Picture of the signal analyzer R3681]
*3 WMT (Wizard of Module Test) is a common platform proprietarily developed by
Advantest for measuring instruments.
Summary of Consolidated Results (U.S. GAAP)
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FY2000 FY2001 FY2002 FY2003
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(in millions of Yen)
Incoming orders 262,485 65,465 101,487 208,961
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(in millions of Yen)
Net sales 276,512 95,244 97,740 174,218
Automated test equipment 241,499 74,206 84,910 160,855
Measuring instruments 35,013 21,038 12,830 13,363
Overseas portion of net 197,863 57,496 58,867 116,228
sales
Operating income (loss) 84,905 (37,105) (16,743) 30,960
Net income (loss) 53,121 (23,906) (12,994) 17,329
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(in Yen)
Net income (loss) per share 534.44 (240.38) (131.99) 176.37
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(in millions of Yen)
Total assets 407,431 307,562 281,224 330,808
Stockholders' equity 267,929 240,716 210,663 221,768
-----------------------------------------------------------------------------------------
(in Yen)
Stockholders' equity per 2,695.15 2,420.28 2,144.23 2,256.59
share
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* "Net income (loss) per share" was calculated based on the average number of
issued shares (excluding treasury stock) during the period.
"Stockholders' equity per share" was calculated based on the number of issued
shares (excluding treasury stock) as of the end of the period.
[Charts illustrating information presented in the above table]
Consolidated Financial Statements (U.S. GAAP)
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| Balance Sheets
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FY2002 FY2003
(as of March 31, (as of March 31, 2004)
2003)
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(in millions of Yen)
(Assets)
Current assets 182,015 255,762
Cash and cash equivalents 87,338 101,146
Trade accounts receivable, less allowance 42,921 76,133
for doubtful accounts
Inventories 34,995 49,423
Deferred tax assets 13,875 24,223
Other current assets 2,886 4,837
Investment securities 6,928 7,952
Property, plant and equipment, net 55,431 50,516
Deferred tax assets 27,827 9,599
Intangible assets 5,291 3,756
Other assets 3,732 3,223
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Total assets 281,244 330,808
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(Liabilities) (in millions of Yen)
Current liabilities 28,398 66,611
Current installments of long-term debt 2,243 4,543
Trade accounts payable 10,787 38,214
Accrued expenses 6,443 8,939
Other current liabilities 8,925 14,915
Long-term debt, excluding current installments 24,626 20,083
Accrued pension and severance cost 14,219 18,348
Other long-term liabilities 3,006 3,411
Total liabilities 70,249 108,453
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(Minority interests)
Minority interests 312 587
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(Stockholders' equity)
Common stock 32,363 32,363
Capital surplus 32,973 32,973
Retained earnings 162,547 177,404
Accumulated other comprehensive income (loss) (4,055) (8,061)
Treasury stock (13,165) (12,911)
Total stockholders' equity 210,663 221,768
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Total liabilities and stockholders' equity 281,224 330,808
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| Capital expenditures, Depreciation and amortization
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FY2002 FY2003
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(in millions of Yen)
Capital expenditures 7,564 5,621
Depreciation and amortization 10,942 9,328
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| Statements of Income
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FY2002 FY2003
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(in millions of Yen)
Net sales 97,740 174,218
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Cost of sales 56,551 85,513
Research and development expenses 23,615 21,637
Selling, general and administrative 34,317 36,108
expenses
Operating income (loss) (16,743) 30,960
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Other income (expense) (1,945) (2,082)
Income (loss) before income taxes (18,688) 28,878
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Income taxes (5,694) 11,549
Net income (loss) (12,994) 17,329
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| Statements of Cash Flows
--------------------------------------------------- ----------- -----------
FY2002 FY2003
--------------------------------------------------- -----------------------
(in millions of Yen)
Net cash provided by operating activities 4,967 28,215
Net cash used in investing activities (8,419) (5,070)
Net cash used in financing activities (14,488) (6,376)
Net effect of exchange rate changes on cash and (654) (2,961)
cash equivalents
--------------------------------------------------- ----------- -----------
Net change in cash and cash equivalents (18,594) 13,808
--------------------------------------------------- ----------- -----------
Cash and cash equivalents at beginning of year 105,932 87,338
--------------------------------------------------- ----------- -----------
Cash and cash equivalents at end of year 87,338 101,146
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| Consolidated Subsidiaries
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40 subsidiaries (23 in Japan and 17 overseas)
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Advantest Laboratories Ltd.
Advantest Customer Support Corporation
Advanmechatec Co., Ltd.
Advantest Manufacturing, Inc.
Japan Engineering Co., Ltd.
Advantest Finance Inc.
Advantest America Corporation (Holding Co.)
Advantest America, Inc.
Advantest (Europe) GmbH
Advantest Taiwan Inc.
Advantest (Singapore) Pte. Ltd.
and 29 others
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Summary of Unconsolidated Results (prepared in accordance with accounting
principles generally accepted in Japan)
--------------------------------- ---------- -------------- -------------- --------------
FY2000 FY2001 FY2002 FY2003
--------------------------------- ---------- -------------- -------------- --------------
(in millions of Yen)
Incoming orders 221,146 52,267 78,217 172,414
--------------------------------- ---------- -------------- -------------- --------------
(in millions of Yen)
Net sales 225,309 72,928 76,686 150,558
Automated test equipment 191,060 52,619 64,656 138,258
Measuring instruments 34,249 20,308 12,030 12,300
Export portion of net sales 154,813 38,714 40,570 97,744
Operating income (loss) 47,802 (39,098) (18,209) 23,776
Net income (loss) 31,820 (19,265) (11,467) 11,957
--------------------------------- ---------- -------------- -------------- --------------
(in Yen)
Net income (loss) per share 319.08 (193.71) (116.49) 119.97
--------------------------------- ---------- -------------- -------------- --------------
(in Yen)
Dividends per share 50.00 40.00 30.00 40.00
--------------------------------- ---------- -------------- -------------- --------------
(in millions of Yen)
Total assets 354,357 258,544 235,456 277,047
Stockholders' equity 230,988 204,058 178,253 188,891
--------------------------------- ---------- -------------- -------------- --------------
(in Yen)
Stockholders' equity per share 2,316.01 2,051.71 1,814.36 1,920.33
--------------------------------- ---------- -------------- -------------- --------------
* "Net income (loss) per share" was calculated based on the average number of
issued shares during the period. Treasury stock was excluded from such number
beginning in FY2001.
Beginning FY2002, the Company has adopted the "Accounting Standards Regarding
Calculations of Earnings Per Share of the Net Income Per Share" and
"Guideline for Accounting Standards Regarding Calculations of Earnings Per
Share of the Net Income Per Share".
"Stockholders' equity per share" was calculated based on the number of issued
shares as of the end of the period. Treasury stock was excluded from such
number beginning in FY2001.
[Charts illustrating the information presented in the above table]
Unconsolidated Financial Statements
| Balance Sheets
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FY2002 FY2003
(as of March 31, 2003) (as of March 31, 2004)
----------------------------------------------------------------------------
(in millions of Yen)
(Assets)
Current assets 140,656 203,388
Cash and deposits 56,949 64,469
Trade accounts receivables 33,740 72,021
Inventories 27,218 35,588
Other 22,747 31,308
Noncurrent assets 94,799 73,658
Property, plant and equipment 44,399 40,054
Buildings and structures 20,066 17,227
Machinery and equipment 3,389 3,252
Land 18,133 18,141
Other 2,810 1,433
Intangible fixed assets 3,990 1,884
Investments and other assets 46,410 31,718
Investment securities 4,105 6,713
Investment in associated companies 15,512 16,347
Other 26,792 8,657
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Total assets 235,456 277,047
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(in millions of Yen)
(Liabilities)
Current liabilities 21,754 56,504
Trade accounts payable 10,371 38,444
Current installments of bonds 2,200 4,500
Other 9,182 13,559
Noncurrent liabilities 35,447 31,651
Bonds 24,500 20,000
Long-term borrowings 125 82
Allowance for retirement benefits 8,510 9,386
Other 2,311 2,181
Total liabilities 57,202 88,155
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(Stockholders' equity)
Common stock 32,362 32,362
Capital surplus 32,973 32,973
Retained earnings 126,187 135,672
Net unrealized holding gains (104) 793
(losses) on other securities
Treasury stock (13,165) (12,910)
Total stockholders' equity 178,253 188,891
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Total liabilities and 235,456 277,047
stockholders' equity
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* In accordance with amendments to regulations under the Commercial Code of
Japan, certain reclassifications have been made under "Investments and other
assets" and "Stockholders' equity".
| Capital expenditures, Depreciation and amortization
---------------------------------------------------------------------------
FY2002 FY2003
---------------------------------------------------------------------------
(in millions of Yen)
Capital expenditures 2,601 2,323
Depreciation and amortization 6,598 5,348
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| Statements of Income
---------------------------------------------------------------------------
FY2002 FY2003
---------------------------------------------------------------------------
(in millions of Yen)
Net sales 76,686 150,558
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Cost of sales 49,163 86,008
Selling, general and administrative 45,732 40,772
expenses
Operating income (loss) (18,209) 23,776
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Non-operating income 4,307 4,067
Non-operating expenses 5,182 3,811
Ordinary income (loss) (19,084) 24,033
---------------------------------------------------------------------------
Extraordinary loss - 2,996
Income (loss) before income taxes (19,084) 21,036
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Income taxes 43 86
Income taxes - deferred (7,659) 8,993
Net income (loss) (11,467) 11,957
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Retained earnings brought forward 2,595 2,180
Interim dividend 1,965 1,473
Loss from disposition of treasury stock - 16
Unappropriated retained earnings at end of year - 12,647
(Undisposed deficit at end of year) (10,837) -
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| Appropriation of Retained Earnings
--------------------------------------------------------------
(in millions of Yen)
--------------------------------------------------------------
Unappropriated retained earnings 12,647
Earnings will be appropriated as
follows:
Dividends ((Y)25 per share) 2,456
Directors' bonus 150
Corporate auditors' bonus 20
General reserve 7,000
Retained earnings to be carried forward 3,020
--------------------------------------------------------------
* On December 10, 2003, the Company paid an interim dividend of (Y)15 per
share to its stockholders.
Domestic (Japan) Operations
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[Map of Branch Offices, Subsidiaries and Service Stations in Japan]
[Picture of Gyoda Office]
Gyoda-shi, Saitama
Gyoda Office
Advantest Customer Support Corporation
Advanfacilities Co., Ltd.
Advantest Technical Information Service Corporation
Advantest Analysis Laboratory Ltd.
Advantest Staff Resource
Advantest Media Service Corporation
Advantest Academy
Advantest RF Technology Corporation
Advantest Manufacturing, Inc.
[Picture of Head Office]
(Shinjuku-ku, Tokyo)
[Picture of Gunma R&D Center]
[Picture of Gunma Factory]
[Picture of Gunma Factory 2]
Ora-gun, Gunma
Gunma R&D Center
Gunma Factory
Gunma Factory 2
Advansoft Development Corporation
Advantest Logistics Corporation
Advantest Manufacturing, Inc.
[Picture of Advantest Laboratories]
Sendai-shi, Miyagi
Advantest Laboratories Ltd.
Advantest Tohoku Systems Co., Ltd.
[Picture of Kitakyusyu R&D Center]
Kitakyusyu-shi, Fukuoka
Kitakyusyu R&D Center
Advantest Kyusyu Systems Co., Ltd.
[Picture of Otone R&D Center]
Kitasaitama-gun, Saitama
Otone R&D Center
Advantest DI Corporation
Advanmechatec Co., Ltd.
[Picture of Menuma Factory]
Osato-gun, Saitama
Menuma Factory
Advantest Manufacturing, Inc.
[Picture of Nerima Office (Registered Office)]
Nerima-ku, Tokyo
Nerima Office (Registered Office)
Advantest Tokyo Systems Co., Ltd.
Shinjuku-ku, Tokyo
Head Office
Advantest Finance Inc.
Advantest Information Systems, Inc.
Kawasaki-shi, Kanagawa
Japan Engineering Co., Ltd.
[Picture of Western Japan Office]
Suita-shi, Osaka
Western Japan Office
Advantest Kansai Systems Co., Ltd.
As of June 2004
Worldwide Operations
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[Map of Advantest Subsidiaries in the World]
England
UK Branch (East Kilbride)*
Germany
Advantest (Europe) GmbH
Head Office (Munich)
Dresden Support Office (Dresden)*
[Picture of Advantest (Europe) GmbH]
China
Advantest (Suzhou) Co., Ltd.
Head Office (Suzhou)
Beijing Branch Office (Beijing)
Shanghai Branch Office (Shanghai)
Advantest Shanghai Co., Ltd. (Shanghai)
Korea
Advantest Korea Co., Ltd.
Head Office (Seoul)
Technical Center (Cheonan)
Cheonan Factory (Cheonan)
Ichon Office (Ichon)
Taiwan
Advantest Taiwan Inc.
Head Office (Hsinchu)
Kaohsiung Office (Kaohsiung)
Advantest Taiwan Engineering Inc. (Hsinchu)
Italy
Italy Branch (Milan)*
France
France Branch (Meylan)*
Advantest Europe R&D S.A.R.L. (Courtaboeuf)
Portugal
Portugal Branch (Vila du Conde)*
Philippines
Advantest Philippines, Inc. (Muntinlupa City)
Singapore
Advantest (Singapore) Pte. Ltd. (Singapore)
Malaysia
Advantest (Malaysia) Sdn. Bhd. (Kuala Lumpur)
Advantest Engineering (M) Sdn. Bhd. (Penang)
[Picture of Advantest (Singapore) Pte. Ltd.]
[Picture of Advantest America Corporation]
America
Advantest America Corporation (Santa Clara)
Advantest America, Inc.
Head Office (Santa Clara)
Burlington Office (Williston)
Portland Office (Portland)
Richmond Office (Mechanicsville)
Allentown Office (Allentown)
Chicago Office (Buffalo Glove)
Boise Office (Boise)
Austin Office (Austin)
Boston Office (Lexington)
Folsom Office (Folsom)
Advantest America R&D Center, Inc. (Santa Clara)
Advantest America Measuring Solutions, Inc.
(Edison)
*The Branches of Advantest (Europe) GmbH As of June 2004
Corporate Overview
Registered name ADVANTEST CORPORATION
Registered office 1-32-1 Asahi-cho, Nerima-ku, Tokyo
Head office Shinjuku NS Building
2-4-1 Nishi-Shinjuku, Shinjuku-ku
Tokyo, JAPAN 163-0880
(03) 3342-7500
Date registered December 2, 1954
Number of employees 3,544 (consolidated)
(as of March 31, 2004) 1,450 (unconsolidated)
* Employee numbers above do not include temporary
employees
Listed stock exchanges Tokyo Stock Exchange, First Section (Code: 6857)
New York Stock Exchange (Ticker Symbol: ATE)
Directors, Corporate Auditors and Executive Officers (as of June 25, 2004)
Directors and Corporate Auditors
Chairman of the Board and CEO Hiroshi Oura
Vice Chairman of the Board Shinpei Takeshita
Representative Board Director Toshio Maruyama
Director Kiyoshi Miyasaka
Director Junji Nishiura
Director Hiroji Agata
Director Hitoshi Owada
Director Takashi Tokuno
Standing Corporate Auditor Noboru Yamaguchi
Standing Corporate Auditor Tadahiko Hirano
Corporate Auditor Takashi Takaya
Corporate Auditor Kuniaki Suzuki
Executive Officers
President of Corporate Toshio Maruyama
Executive Officers and COO
Senior Executive Officer Kiyoshi Miyasaka
Senior Executive Officer Junji Nishiura
Senior Executive Officer Hiroji Agata
Managing Executive Officer Hitoshi Owada
Managing Executive Officer Takashi Tokuno
Managing Executive Officer Kenichi Mitsuoka
Managing Executive Officer Norihito Kotani
Managing Executive Officer Yuri Morita
Managing Executive Officer Jiro Katoh
Executive Officer Takao Tadokoro
Executive Officer Hiroyasu Sawai
Executive Officer Hiroshi Tsukahara
Executive Officer Masao Shimizu
Executive Officer Masao Araki
Executive Officer Yoshiaki Furuse
Executive Officer Yuichi Kurita
Executive Officer Yoshiro Yagi
Executive Officer Hideaki Imada
Executive Officer Shinichiro Umeda
Major Shareholders (as of March 31, 2004)
- --------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------
Name of shareholder Number of shares Percentage in
(in thousands) voting rights
--------------------------------------------------------------------------------------------
Mizuho Trust & Banking Co., Ltd. (retirement benefit 16,023 16.33%
trust (Fujitsu account))
The Master Trust Bank of Japan, Ltd. (trust account) 8,716 8.88
Japan Trustee Services Bank, Ltd. (trust account) 8,042 8.19
Fujitsu Limited 4,047 4.12
Barclays Bank PLC Sub-Account Barclays
Capital Securities 2,164 2.20
The Dai-ichi Mutual Life Insurance Company 1,724 1.75
Shinsei Bank, Limited 1,627 1.65
BNP Paribas Securities (Japan) Ltd. 1,584 1.61
Fukoku Mutual Life Insurance Company 1,546 1.57
Credit Suisse First Boston Securities (Japan) Limited 1,399 1.42
1. 1,507 thousand treasury shares held by the Company have not been included in
the table above.
2. Mizuho Trust & Banking Co., Ltd. holds 16,023 thousand shares of common stock
referred above as the trustee of a retirement benefit plan of Fujitsu Limited,
and exercises its voting rights pursuant to instructions given by Fujitsu
Limited.
Share Data (as of March 31, 2004)
- --------------------------------------------------------------------------------
Total number of authorized shares--------------------------------220,000,000
Total number of issued shares------------------------------------99,783,385
Number of shareholders-----------------------------------------------33,112
Shareholders by Category
Category Number of Number of shares Percentage
shareholders (in thousands)
----------------------------------------------------------------------------
Financial institutions and 178 52,451 52.5
securities firms
Foreign nationals and entities 445 28,241 28.3
Other individual investors 32,076 10,236 10.3
Other corporate investors 413 8,852 8.9
Guide to Common Stock
- ------------------------------------------------------------------------
End of fiscal year March 31 of each year
General meeting of shareholders June of each year
Record date for determining March 31 of each year (in the case
eligibility to receive dividends of interim dividends, if paid,
payment September 30)
Newspaper for public notices Nihon Keizai Shimbun
Web site to view Advantest's
balance sheets and income
statements:
http://www.advantest.co.jp/j/ir/index.html
Share handling agent Tokyo Securities Transfer Agent Co., Ltd.
Head Office
Transfer agent for common stock New Maru Building 7th floor
1-5-1 Marunouchi, Chiyoda-ku
Tokyo, JAPAN 100-0005
(0120) 49-7009 [toll-free], (03) 3212-4611
As of July 20, the address of the
transfer agent will be as follows.
The telephone numbers will remain
the same.
Tougin Building 3rd floor
1-4-2 Marunouchi, Chiyoda-ku
Tokyo, JAPAN 100-0005
(Share handling offices)
Offices or agents of the above share
handling agent, head office and branches
of Mizuho Investors Securities Co., Ltd.
Number of shares per unit 100 shares
Requests for Repurchase by Advantest of Shares Constituting Less Than A
Full Unit/ Requests to Purchase Additional Shares from Advantest to
Constitute a Full Unit
Any such requests shall be made to the transfer agent stated above.
However, requests to purchase additional shares from Advantest are
temporarily suspended during the 12 business days before, and including,
March 31 and September 30 of each year. Advantest may establish other
periods in which the handling of requests to purchase additional shares
from Advantest will be temporarily suspended.
Registration of Loss of Share Certificates
In case of loss of share certificates, shareholders may perform procedures
for registration of lost share certificates through the transfer agent
stated above. Upon registration of loss of share certificates, the serial
number and other information of the lost share certificates will be
available for public viewing on the registry of lost share certificates. In
the event that no objection against such registration is filed within one
year, or that the registration is not cancelled by the shareholder within
one year, such share certificates shall be cancelled and the shareholder
may have new share certificates issued. The fee for registering loss of
share certificates is (Y)10,000 in addition to (Y)500 per lost share
certificates.
Related inquiries shall be directed to the above transfer agent.
[Advantest logo]