FOR IMMEDIATE RELEASE
October 26, 2005
ADVANTEST CORPORATION
(Toshio Maruyama, Representative Board Director,
President and CEO)
(Stock Code Number: 6857, TSE first section)
(Ticker Symbol: ATE, NYSE)
CONTACT:
Hiroshi Nakamura
(Manager, Accounting Department)
Phone: +81-(0)3-3214-7500
Revision of Earnings Forecast for the Fiscal Year Ending March 2006
In light of recent changes in business performance, we hereby revise the FY 2005
Interim Non-Consolidated earnings forecast and the Non-Consolidated earnings
forecast for the fiscal year ending March 2006, which were released on April 26,
2005, as follows:
[Non-Consolidated Earnings] (Parent Company only)
1. FY 2005 Interim (April 1, 2005 to September 30, 2005)
(in millions of yen)
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Net Sales Ordinary Income Net Income
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Previous forecast (A)
95,000 19,000 12,000
(As of April 26, 2005)
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Revised forecast (B) 101,484 24,589 16,524
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Difference (B-A) 6,484 5,589 4,524
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Percentage change 6.8% 29.4% 37.7%
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FY 2004 Interim results 121,065 30,185 18,684
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2. FY 2005 (April 1, 2005 to March 31, 2006)
(in millions of yen)
- ------------------------------------------------------------------------------------------------------------------------
Net Sales Ordinary Income Net Income
- ------------------------------------------------------------------------------------------------------------------------
Previous forecast (A)
205,000 44,000 28,000
(As of April 26, 2005)
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Revised forecast (B) 210,000 48,000 31,000
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Difference (B-A) 5,000 4,000 3,000
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Percentage change 2.4% 9.1% 10.7%
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FY 2004 results 203,315 43,365 28,421
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3. Reasons for the above Revisions
At the second quarter of FY 2005, overseas sales exceeded our previous forecast
and that resulted in increases in both sales and profits. In addition, due to an
increase in dividend income from our subsidiaries, etc., we predict that an
ordinary income and current net income will exceed our previous forecast. We
therefore revise the earnings forecast as above.
* 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
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. These factors include : (i) changes
in demand for the products and services produced and offered by Advantest's
customers, including semiconductors, communications services and electronic
goods; (ii) 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; (iii) significant changes in the competitive
environment in the major markets where Advantest purchases materials, components
and supplies for the production of its products or where its products are
produced, distributed or sold; and (iv) changes in economic conditions, currency
exchange rates or political stability in the major markets where Advantest
procures materials, components and supplies for the production of its principal
products or where its products are produced, distributed or sold. A discussion
of these and other factors which may affect Advantest's actual results, levels
of activity, performance or achievements is contained in the "Operating and
Financial Review and Prospects", "Key Information - Risk Factors" and
"Information on the Company" sections and elsewhere in Advantest's annual report
on Form 20-F, which is on file with the United States Securities and Exchange
Commission.