Supplemental Information to the FY2004 Earnings Digest
* All consolidated figures were prepared in accordance with U.S. GAAP.
1. Summary of FY2004 Results (April 1, 2004 through March 31, 2005)
(Consolidated) (In billion yen; truncated after the hundred million)
---------------------------------------------------------------------------------------------------------------------------------
FY2003 FY2004 Increase/Decrease Percentage
change (%)
=================================================================================================================================
Net sales 174.2 239.4 65.2 37.4
---------------------------------------------------------------------------------------------------------------------------------
Operating income (loss) 30.9 60.7 29.7 96.1
--------------------------------------------------------------------------------------------------------------------------
Income (loss) before income taxes 28.8 61.8 32.9 114.0
--------------------------------------------------------------------------------------------------------------------------
Net income (loss) 17.3 38.0 20.7 119.7
--------------------------------------------------------------------------------------------------------------------------
Total assets 330.8 296.7 (34.0) (10.3)
--------------------------------------------------------------------------------------------------------------------------
Stockholders' equity 221.7 206.7 (15.0) (6.8)
--------------------------------------------------------------------------------------------------------------------------
Net income (loss) per share (basic) (in yen) 176.37 389.54 213.17 120.9
--------------------------------------------------------------------------------------------------------------------------
Net income (loss) per share (diluted) (in yen) 176.0 388.51 212.49 120.7
--------------------------------------------------------------------------------------------------------------------------
Stockholders' equity per share (in yen) 22,256.6 2,236.97 (19.62) (0.9)
--------------------------------------------------------------------------------------------------------------------------
Net interest payment (0.1) 0.1 0.2 -
--------------------------------------------------------------------------------------------------------------------------
ROE(%) 8.0 17.8 9.8 122.5
--------------------------------------------------------------------------------------------------------------------------
(Unconsolidated) (Japanese GAAP) (In billion yen; truncated after the hundred million)
---------------------------------------------------------------------------------------------------------------------------------
FY2003 FY2004 Increase/Decrease Percentage
change (%)
=================================================================================================================================
Net sales 150.5 203.3 52.7 35.0
---------------------------------------------------------------------------------------------------------------------------------
Operating income (loss) 23.7 41.9 18.1 76.3
---------------------------------------------------------------------------------------------------------------------------------
Ordinary income (loss) 24.0 43.3 19.3 80.4
---------------------------------------------------------------------------------------------------------------------------------
Net income (loss) 11.9 28.4 16.4 137.7
---------------------------------------------------------------------------------------------------------------------------------
Total assets 277.0 238.1 (38.9) (14.1)
---------------------------------------------------------------------------------------------------------------------------------
Stockholders' equity 188.8 159.0 (29.8) (15.8)
---------------------------------------------------------------------------------------------------------------------------------
Net income (loss) per share (basic) (in yen) 119.97 288.68 168.71 140.6
---------------------------------------------------------------------------------------------------------------------------------
Net income (loss) per share (diluted) (in yen) 119.73 287.91 168.18 140.5
---------------------------------------------------------------------------------------------------------------------------------
Stockholders' equity per share (in yen) 1,920.33 1,718.95 (201.4) (10.5)
---------------------------------------------------------------------------------------------------------------------------------
Dividends per share (in yen) 40.0 50.0 40.0 25.0
---------------------------------------------------------------------------------------------------------------------------------
2. Consolidated Net Sales by Business and Geographic Segment (In billion yen; truncated after the hundred million)
---------------------------------------------------------------------------------------------------------------------------------
By Business Segment FY2003 FY2004 Increase/Decrease Percentage
change (%)
=================================================================================================================================
Semi-Conductor and Component Test System 123.4 180.6 57.1 46.3
-------------------------------------------------------------------------------------------------------------------------
Mechatronics System 34.2 46.3 12.1 35.6
-------------------------------------------------------------------------------------------------------------------------
Services, Support and Others 20.4 19.6 (0.7) (3.8)
-------------------------------------------------------------------------------------------------------------------------
Intercompany transactions elimination (3.9) (7.3) (3.3) -
-------------------------------------------------------------------------------------------------------------------------
Total Net Sales 174.2 239.4 65.2 37.4
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
By Geographic Segment FY2003 FY2004 Increase/Decrease Percentage
change (%)
=================================================================================================================================
Japan 57.9 60.0 2.0 3.5
---------------------------------------------------------------------------------------------------------------------------------
Americas 16.2 23.0 6.7 41.6
-------------------------------------------------------------------------------------------------------------------------
Europe 10.4 12.2 1.8 18.0
-------------------------------------------------------------------------------------------------------------------------
Asia 89.5 144.1 54.5 60.9
-------------------------------------------------------------------------------------------------------------------------
Total Overseas 116.2 179.4 63.1 54.4
---------------------------------------------------------------------------------------------------------------------------------
- 19 -
3. Consolidated Volume of Order and Orders Backlog by Business Segment (In billion yen; truncated after the hundred million)
---------------------------------------------------------------------------------------------------------------------------------
Volume of order FY2003 FY2004 Increase/Decrease Percentage
change (%)
=================================================================================================================================
Semi-Conductor and Component Test System 154.0 171.0 17.0 11.1
-------------------------------------------------------------------------------------------------------------------------
Mechatronics System 39.4 43.8 4.3 11.1
-------------------------------------------------------------------------------------------------------------------------
Services, Support and Others 20.1 19.1 (1.0) (5.1)
-------------------------------------------------------------------------------------------------------------------------
Intercompany transactions elimination (4.6) (6.5) (1.8) -
-------------------------------------------------------------------------------------------------------------------------
Total volume of orders 208.9 227.4 18.5 8.9
---------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------
Orders backlog FY2003 FY2004 Increase/Decrease Percentage
change (%)
=================================================================================================================================
Semi-Conductor and Component Test System 41.6 32.0 (9.6) (23.1)
-------------------------------------------------------------------------------------------------------------------------
Mechatronics System 9.2 6.6 (2.5) (27.8)
-------------------------------------------------------------------------------------------------------------------------
Services, Support and Others 1.4 0.8 (0.5) (39.9)
-------------------------------------------------------------------------------------------------------------------------
Intercompany transactions elimination (0.7) - 0.7 -
-------------------------------------------------------------------------------------------------------------------------
Total orders backlog 51.4 39.5 (11.9) (23.2)
---------------------------------------------------------------------------------------------------------------------------------
(Note) The amount of incoming orders for any given year consists of the sum
of the revenues for such year and the amount of backlog at the end of
such year less the backlog at the end of the previous year. Incoming
orders are recorded as such once a written customer order is received.
4. Consolidated Cash Flows (In billion yen; truncated after the hundred million)
---------------------------------------------------------------------------------------------------------------------------------
FY2003 FY2004 Increase/Decrease Percentage
change (%)
=================================================================================================================================
Operating activities 28.2 90.3 62.1 220.1
-------------------------------------------------------------------------------------------------------------------------
Investing activities (5.0) (8.2) (3.1) -
-------------------------------------------------------------------------------------------------------------------------
(Free cash flows) 23.1 82.0 58.9 254.6
-------------------------------------------------------------------------------------------------------------------------
Financing activities (6.3) (63.0) (56.6) -
-------------------------------------------------------------------------------------------------------------------------
Total cash flows 16.7 19.0 2.2 13.5
---------------------------------------------------------------------------------------------------------------------------------
Cash and cash equivalents at end of year 101.1 120.9 19.8 19.6
---------------------------------------------------------------------------------------------------------------------------------
5. Consolidated Outstanding Interest-bearing Liabilities (In billion yen; truncated after the hundred million)
---------------------------------------------------------------------------------------------------------------------------------
FY2003 FY2004 Increase/Decrease Percentage
change (%)
=================================================================================================================================
Bonds and warrant bonds 24.5 20.0 (4.5) (18.4)
-------------------------------------------------------------------------------------------------------------------------
Loans and lease obligations 0.1 - - (36.8)
-------------------------------------------------------------------------------------------------------------------------
Total interest-bearing liabilities 24.6 20.0 (4.5) (18.5)
---------------------------------------------------------------------------------------------------------------------------------
6. Consolidated Capital Expenditure, Depreciation and Amortization and Research and Development Expenses
(In billion yen; truncated after the hundred million)
---------------------------------------------------------------------------------------------------------------------------------
FY2003 FY2004 Increase/Decrease Percentage
change (%)
=================================================================================================================================
Capital expenditures 5.6 9.3 3.7 66.3
---------------------------------------------------------------------------------------------------------------------------------
Depreciation and amortization 9.3 8.2 (1.0) (11.2)
---------------------------------------------------------------------------------------------------------------------------------
Research and development expenses 21.6 26.2 4.6 21.5
---------------------------------------------------------------------------------------------------------------------------------
7. Number of Employees (Advantest Corporation and Consolidated Subsidiaries) (Persons)
---------------------------------------------------------------------------------------------------------------------------------
FY2003 FY2004 Increase/Decrease Percentage
change (%)
=================================================================================================================================
Unconsolidated 1,450 1,433 (17) (1.2)
---------------------------------------------------------------------------------------------------------------------------------
Domestic affiliates 1,370 1,350 (20) (1.5)
-----------------------------------------------------------------------------------------------------------------------
Overseas affiliates 724 782 58 8.0
-----------------------------------------------------------------------------------------------------------------------
Affiliates total 2,094 2,132 38 1.8
---------------------------------------------------------------------------------------------------------------------------------
Consolidated full-time employee total 3,544 3,565 21 0.6
---------------------------------------------------------------------------------------------------------------------------------
- 19 -