Overview of FY2006 first Quarter Financial Results (Consolidated)
(Prepared in accordance with U.S. GAAP)
July 26, 2006
Company name Advantest Corporation (Stock code number: 6857, TSE 1st Section)
(URL http://www.advantest.co.jp/investors/) (Ticker Symbol: ATE, NYSE)
Contacts Company representative: Toshio Maruyama, Representative Board Director, President and CEO
Person-in-charge: Hiroshi Nakamura, Executive Officer, Vice President of the Corporate Affairs
Group
(TEL (03) 3214-7500)
1. Notes to the Quarterly Financial Results:
(1) Use of simplified accounting method: Yes
Simplified tax effect accounting is used for the
calculation of tax expenses for the purpose of
the quarterly financial results.
(2) Changes in accounting method from the most recent fiscal year: No
(3) Changes in scope of consolidation and equity method (as compared to
March 31, 2006): No
Number of consolidated subsidiaries: 40
(Newly included) 0
(Excluded) 0
Number of unconsolidated subsidiaries: 0
Number of affiliates accounted for under the equity method: 0
(Newly included) 0
(Excluded) 0
(4) Advantest's independent outside auditor has not been involved in the preparation of these consolidated quarterly
financial statements.
2. Consolidated Financial Results of FY2006 1Q (April 1, 2006 through June 30, 2006)
(1) Consolidated Financial Results
Income before
Net sales Operating income income taxes Net income
- -----------------------------------------------------------------------------------------------------------------------
Million % increase Million % increase Million % increase Million % increase
yen (decrease) yen (decrease) yen (decrease) yen (decrease)
FY2006 Q1 59,874 15.1 16,338 38.8 17,213 42.0 11,479 46.8
FY2005 Q1 52,002 (27.8) 11,770 (47.5) 12,121 (46.5) 7,820 (44.1)
- ------------------------------------------------------------------------------------------------------------------------
(For reference) FY2005 253,922 64,458 67,454 41,374
- ------------------------------------------------------------------------------------------------------------------------
Net income per share Net income per share
(basic) (diluted)
- -------------------------------------------------------------------------------
Yen Yen
FY2006 Q1 122.92 122.04
FY2005 Q1 84.61 84.37
- -------------------------------------------------------------------------------
(For reference) FY2005 446.34 443.96
- -------------------------------------------------------------------------------
(Note) The percentages shown in the above items including net sales and
operating income are changes in comparison to the corresponding period of the
previous fiscal year.
(Qualitative Information Regarding Consolidated Financial Results)
During this first quarter, Advantest's operating environment was mostly
favorable, due to continued strong sales of digital consumer products (such as
flat-panel TVs and portable music players) from the previous fiscal year. In
addition, other favorable factors include an increase in production by
semiconductor manufacturers and their increased capital expenditures on new
generation semiconductors, which were prompted by a change of generation from
the previous type of DRAM semiconductors (which is mainly used for personal
computers) to DDR2-SDRAM semiconductors that are higher-speed and lower energy
consuming.
Under this environment, Advantest made concentrated efforts to increase orders
input received and expand sales, by introducing products that meet customers'
demand and providing customer-oriented test solutions. Advantest also made
continuing efforts to improve its productivity and to reduce costs. As a result
of the above, in this first quarter, orders input received was (Y)64.9 billion
(6.7% increase in comparison to the corresponding first quarter of the previous
fiscal year), sales was (Y)59.9 billion (15.1% increase), net income before
income taxes was (Y)17.2 billion (42.0% increase), and net income was (Y)11.5
billion (46.8% increase). Overseas sales as a percentage of total sales were
57.0%, as compared with 69.5% in the corresponding first quarter of the previous
fiscal year.
(Results by Business Segment)
During the first quarter, for the Semiconductor and Component Test System
Segment, due to a stable price fluctuation of DRAM semiconductors and a
full-scale introduction of capital expenditures by semiconductor manufacturers,
which was caused by increasing demand for DDR2-SDRAM semiconductors, demand for
DRAM semiconductor test systems remained steady as in the previous fiscal year
in Korea, Taiwan and Japan, among other countries. Furthermore, sales remained
steady for flash memory semiconductor test systems due to strong demand for
portable music players, among other things. For non-memory semiconductor test
systems, demand declined for T2000, a test system which is comparable with
OPENSTAR(R)*, due to a temporary pause in the demand cycle following favorable
demand in the previous fiscal year. On the other hand, demand remained steady
for non-memory semiconductor test systems for LCD driver ICs in Taiwan and
Japan. Accordingly, orders input received was (Y)46.8 billion, sales was (Y)43.2
billion and operating income was (Y)13.9 billion. For Mechatronics System
Segment, business remained positive for test handlers and device interfaces for
flash memory semiconductors and non-memory semiconductors. As a result, orders
input received was (Y)14.7 billion, sales was (Y)13.2 billion and operating
income was (Y)4.2 billion. For Services, Support and Others Segment, orders
input received was (Y)5.0 billion, sales was (Y)4.9 billion and operating income
was (Y)1.0 billion.
*OPENSTAR(R) -The name of an open architecture standard published by the
Semiconductor Test Consortium, Inc. OPENSTAR(R) is a registered trademark or
trademark of Semiconductor Test Consortium, Inc. in the U.S., Japan and other
countries.
1
(2) Changes in Consolidated Financial Position
Total assets Net assets Equity-to-assets ratio Net assets
per share
- -------------------------------------------------------------------------------------------------------------------------------
Million yen Million yen % Yen
- -------------------------------------------------------------------------------------------------------------------------------
FY2006 Q1 343,703 265,048 77.1 2,835.42
FY2005 Q1 306,734 213,448 69.6 2,309.40
- -------------------------------------------------------------------------------------------------------------------------------
(For reference) FY2005 350,776 257,927 73.5 2,763.71
- -------------------------------------------------------------------------------------------------------------------------------
(Consolidated Cash Flows)
Cash flows from Cash flows from Cash flows from financing Cash and cash equivalents
operating activities investing activities activities at end of period
- ------------------------------------------------------------------------------------------------------------------------------------
Million yen Million yen Million yen Million yen
FY2006 Q1 1,262 (2,384) (2,839) 152,980
FY2005 Q1 (785) (1,372) (2,157) 117,601
- ------------------------------------------------------------------------------------------------------------------------------------
(For reference) FY2005 59,480 (8,542) (18,336) 157,925
- ------------------------------------------------------------------------------------------------------------------------------------
(Qualitative Information Regarding Changes in Consolidated Position)
At the end of this first quarter, total assets decreased by (Y)7.1 billion from
the end of the previous fiscal year to (Y)343.7 billion, due to a decrease of
trade accounts receivables by (Y)5.6 billion. Total liabilities decreased by
(Y)14.2 billion from the end of the previous fiscal year to (Y)78.7 billion.
Such decrease is mainly caused by a reduction in other current liabilities, for
example, through the payment of corporate tax. Net assets were (Y)265.0 billion,
and equity ratio increased by 3.6 percentage points to 77.1%.
(Cash Flow Statements)
Cash and cash equivalents at the end of this first quarter decreased by (Y)4.9
billion from the end of the previous fiscal year to (Y)153.0 billion.
Cash flows from operating activities was an inflow of (Y)1.3 billion after
including this first quarter's net income of (Y)11.5 billion and after the
payment of corporate tax.
Cash flows from investing activities was an outflow of (Y)2.4 billion, which
consisted primarily of capital expenditures on tangible fixed assets, including
lease assets.
Cash flows from financing activities was an outflow of (Y)2.8 billion, which
consisted primarily of (Y)4.0 billion outflow resulted from dividends payment
and (Y)1.2 billion inflow resulted from sales of treasury shares.
3. Projected Results for FY2006 (April 1, 2006 through March 31, 2007)
With respect to its earnings forecast for the second quarter and beyond, despite
future uncertainties, including economic conditions in the United States and a
sharp rise in petroleum prices, Advantest anticipates that capital expenditures
by semiconductor manufacturers will remain steady due to an expansion of digital
consumer devices (such as flat-panel TVs) and sales of new operating systems for
new game devices and personal computers as planned to be launched.
Accordingly, Advantest did not revise its interim and full-term earnings
forecast for the fiscal year ending March 31, 2007, which Advantest announced on
April 26, 2006.
- -------------------------------------------------------------------------------------------------------------
(Reference) Consolidated Earnings Forecast Released on April 26, 2006
- -------------------------------------------------------------------------------------------------------------
Net sales Income before income Net income
taxes
- -------------------------------------------------------------------------------------------------------------
Million yen Million yen Million yen
- -------------------------------------------------------------------------------------------------------------
FY2006 interim 130,000 35,000 21,000
- -------------------------------------------------------------------------------------------------------------
FY2006 265,000 72,000 44,000
- -------------------------------------------------------------------------------------------------------------
(Note) Figures presented in the Quarterly Financial Results have been rounded
to the nearest million yen.
2
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.
3
Quarterly Consolidated Financial Statements (Summary)
Advantest Corporation - Consolidated (June 2006)
1. Quarterly Consolidated Balance Sheets (Summary)
Q1 of FY2006 FY2005 Q1 of FY2005
(As of June (As of March Increase (As of June
30, 2006) 31, 2006) (Decrease) 30, 2005)
- ------------------------------------------------------------------------------------------------------------------------------------
Item Notes Amount Percentage Amount Percentage Amount Amount Percentage
(in million (%) (in million (%) (in million (in million (%)
yen) yen) yen) yen)
- ------------------------------------------------------------------------------------------------------------------------------------
(Assets)
Cash and cash equivalents 152,980 157,925 (4,945) 117,601
Trade accounts receivable, less *1 63,939 69,567 (5,628) 64,157
allowance for doubtful accounts
Inventories 34,885 29,911 4,974 35,685
Other current assets 18,031 18,230 (199) 17,599
------------ ----------- ---------- -----------
Total current assets 269,835 78.5 275,633 78.6 (5,798) 235,042 76.6
Investment securities 11,489 3.3 12,273 3.5 (784) 7,944 2.6
Property, plant and equipment, net *2 50,042 14.6 50,793 14.5 (751) 50,683 16.5
Intangible assets, at cost, less 2,769 0.8 2,858 0.8 (89) 2,966 1.0
accumulated amortization
Other assets 9,568 2.8 9,219 2.6 349 10,099 3.3
------------ ----------- ---------- -----------
Total assets 343,703 100.0 350,776 100.0 (7,073) 306,734 100.0
------------ ----------- ---------- -----------
====================================================================================================================================
(Liabilities)
Current portion of long-term debt 30 30 -- 20,043
Trade accounts payable 31,912 32,584 (672) 29,748
Other current liabilities 30,809 44,131 (13,322) 27,189
------------ ----------- ---------- -----------
Total current liabilities 62,751 18.3 76,745 21.9 (13,994) 76,980 25.1
Long-term debt, excluding current portion 10 0.0 10 0.0 -- 40 0.0
Accrued pension and severance cost 12,000 3.5 12,292 3.5 (292) 12,476 4.1
Other liabilities 3,894 1.1 3,802 1.1 92 3,790 1.2
------------ ----------- ---------- -----------
Total liabilities 78,655 22.9 92,849 26.5 (14,194) 93,286 30.4
------------ ----------- ---------- -----------
(Stockholders' equity)
Common stock 32,363 9.4 32,363 9.2 -- 32,363 10.6
Capital surplus 37,147 10.8 37,147 10.6 -- 35,277 11.5
Retained earnings 252,165 73.4 245,090 69.9 7,075 215,625 70.3
Accumulated other comprehensive *3 40 0.0 1,344 0.3 (1,304) (3,719) (1.2)
income (loss)
Treasury stock (56,667) (16.5) (58,017) (16.5) 1,350 (66,098) (21.6)
------------ ----------- ---------- -----------
Total stockholders' equity 265,048 77.1 257,927 73.5 7,121 213,448 69.6
------------ ----------- ---------- -----------
Total liabilities and stockholders' 343,703 100.0 350,776 100.0 (7,073) 306,734 100.0
equity ------------ ----------- ---------- -----------
- ------------------------------------------------------------------------------------------------------------------------------------
(Notes)
1. Allowance for doubtful accounts 2,047 2,117 (70) 2,184
2. Accumulated depreciation
on property, plant and equipment 72,700 72,131 569 69,117
3. Accumulated other comprehensive
income (loss)
Foreign currency translation
adjustment (2,242) (1,378) (864) (5,401)
Net unrealized gain 2,282 2,722 (440) 1,682
on securities
4
Advantest Corporation - Consolidated (June 2006)
Quarterly Consolidated Statements of Income (Summary)
====================================================================================================================================
Q1 of FY2006 Q1 of FY2005 Increase FY2005
[April 1, 2006 through [April 1, 2005 through (Decrease) [April 1, 2005 through
June 30, 2006 ] June 30, 2005 ] March 31, 2006 ]
- ------------------------------------------------------------------------------------------------------------------------------------
Item Amount Percentage Amount Percentage Amount Amount Percentage
(in million (%) (in million (%) (in million (in million (%)
yen) yen) yen) yen)
- ------------------------------------------------------------------------------------------------------------------------------------
Net sales 59,874 100.0 52,002 100.0 7,872 253,922 100.0
Cost of sales 27,158 45.4 24,330 46.8 2,828 121,429 47.8
------ ------ ----- -------
Gross profit 32,716 54.6 27,672 53.2 5,044 132,493 52.2
Research and development expenses 7,339 12.3 6,635 12.8 704 26,927 10.6
Selling, general and administrative
expenses 9,039 15.0 9,267 17.8 (228) 41,108 16.2
------ ------ ----- -------
Operating income 16,338 27.3 11,770 22.6 4,568 64,458 25.4
Other income (expense):
Interest and dividend income 645 329 316 1,760
Interest expense (4) (106) 102 (290)
Other 234 875 1.5 128 351 0.7 106 524 1,526 2,996 1.2
--------------- -------------- -------------------------------------
Income before
income taxes 17,213 28.8 12,121 23.3 5,092 67,454 26.6
Income taxes 5,734 9.6 4,301 8.3 1,433 26,080 10.3
------ ------ ----- -------
Net income 11,479 19.2 7,820 15.0 3,659 41,374 16.3
------ ------ ----- -------
====================================================================================================================================
====================================================================================================================================
Q1 of FY2006 Q1 of FY2005 Increase FY2005
[April 1, 2006 through [April 1, 2005 through (Decrease) [April 1, 2005 through
June 30, 2006 ] June 30, 2005 ] March 31, 2006 ]
- ------------------------------------------------------------------------------------------------------------------------------------
Item Amount (in yen) Amount (in yen) Amount (in yen) Amount (in yen)
- ------------------------------------------------------------------------------------------------------------------------------------
Net income per share
Basic 122.92 84.61 38.31 446.34
Diluted 122.04 84.37 37.67 443.96
====================================================================================================================================
5
Advantest Corporation - Consolidated (June 2006)
3. Quarterly Consolidated Statements of Cash Flows (Summary)
- ----------------------------------------------------------------- -------------------- -------------------- ---------------------
Q1 of FY2006 Q1 of FY2005 FY2005
[ April 1, 2006 [ April 1, 2005 [ April 1, 2005
through through through
June 30, 2006 ] June 30, 2005 ] March 31, 2006 ]
- ----------------------------------------------------------------- -------------------- -------------------- ---------------------
Item Amount Amount Amount
(in million yen) (in million yen) (in million yen)
- ---------------------------------------------------------------------------------------------------------------------------------
I Cash flows from operating activities:
Net income 11,479 7,820 41,374
Adjustments to reconcile net income to net cash
provided by operating activities:
Depreciation and amortization 1,793 1,953 8,275
Decrease (increase) in trade accounts receivable 5,269 (6,901) (11,072)
Decrease (increase) in inventories (5,075) (5,977) 108
Increase (decrease) in trade accounts payable (117) 6,023 7,627
Other (12,087) (3,703) 13,168
---------------------------------------------------------------
Net cash provided by operating activities 1,262 (785) 59,480
---------------------------------------------------------------
II Cash flows from investing activities:
Purchases of property, plant and equipment (2,329) (1,444) (7,071)
Other (55) 72 (1,471)
---------------------------------------------------------------
Net cash used in investing activities (2,384) (1,372) (8,542)
---------------------------------------------------------------
III Cash flows from financing activities:
Dividends paid (3,981) (2,190) (4,622)
Other 1,142 33 (13,714)
---------------------------------------------------------------
Net cash used in financing activities (2,839) (2,157) (18,336)
---------------------------------------------------------------
IV Net effect of exchange rate changes on cash and cash (984) 929 4,337
equivalents ---------------------------------------------------------------
V Net change in cash and cash equivalents (4,945) (3,385) 36,939
VI Cash and cash equivalents at beginning of period 157,925 120,986 120,986
---------------------------------------------------------------
VII Cash and cash equivalents at end of period 152,980 117,601 157,925
---------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------------------------------------
6
Advantest Corporation - Supplemental Information (June 2006)
Supplemental Information to FY2006 First Quarter Financial Results
1. Business Segment Operating Income
(Rounded to the nearest million yen)
- ------------------------------------------------------------------------------------------------------------------------------------
Q1 of FY2006 Q1 of FY2005 Increase FY2005
[April 1, 2006 through [April 1, 2005 through (Decrease) [April 1, 2005 through
June 30, 2006 ] June 30, 2005 ] March 31, 2006 ]
- ------------------------------------------------------------------------------------------------------------------------------------
Amount (in Percentage Amount (in Percentage Amount Amount (in Percentage
million yen) (%) million yen) (%) million yen) (%)
- ------------------------------------------------------------------------------------------------------------------------------------
| Sales to unaffiliated
| customers 41,835 96.9 38,504 98.2 3,331 187,136 97.8
Semiconductor| Intersegment sales 1,346 3.1 714 1.8 632 4,279 2.2
and | --------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
Component |Net sales 43,181 100.0 39,218 100.0 3,963 191,415 100.0
Test System |--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Operating expenses 29,259 67.8 27,944 71.3 1,315 133,898 70.0
|--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Operating income 13,922 32.2 11,274 28.7 2,648 57,517 30.0
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
|
| Sales to unaffiliated
| customers 13,092 99.3 9,342 99.6 3,750 47,724 98.9
| Intersegment sales 92 0.7 34 0.4 58 536 1.1
Mechatronics | --------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
System |Net sales 13,184 100.0 9,376 100.0 3,808 48,260 100.0
|--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Operating expenses 8,956 67.9 7,086 75.6 1,870 36,294 75.2
|--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Operating income 4,228 32.1 2,290 24.4 1,938 11,966 24.8
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
| Sales to unaffiliated
| customers 4,947 100.0 4,156 100.0 791 19,062 100.0
| Intersegment sales - - - - - - -
Services, | --------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
Support |Net sales 4,947 100.0 4,156 100.0 791 19,062 100.0
and Others |--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Operating expenses 3,941 79.7 3,289 79.1 652 15,209 79.8
|--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Operating income 1,006 20.3 867 20.9 139 3,853 20.2
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
| Sales to unaffiliated
| customers - - - - - - -
| Intersegment sales (1,438) 100.0 (748) 100.0 (690) (4,815) 100.0
Elimination | --------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
and |Net sales (1,438) 100.0 (748) 100.0 (690) (4,815) 100.0
Corporate |--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Operating expenses 1,380 - 1,913 - (533) 2,179 -
|--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Operating income (2,818) - (2,661) - (157) (6,994) -
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
| Sales to unaffiliated
| customers 59,874 100.0 52,002 100.0 7,872 253,922 100.0
| Intersegment sales - - - - - - -
| --------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
Consolidated |Net sales 59,874 100.0 52,002 100.0 7,872 253,922 100.0
|--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Operating expenses 43,536 72.7 40,232 77.4 3,304 187,580 73.9
|--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Operating income 16,338 27.3 11,770 22.6 4,568 66,342 26.1
- ------------------------------------------------------------------------------------------------------------------------------------
(Notes) 1. Adjustments to operating income included in Corporate
mainly consist of research and development expenses for
basic research activities, which are not allocated to
corporate general administrative expenses and segment by
business sector.
2. Stock option compensation expense of (Y)1,884 million in
FY2005 is not included in operating income in the business
segment information. Therefore, these operating income do
not match with the operating income in the consolidated
statements of income. Such exclusion was made since such
items are not included in the performance review of each
business segment by management.
2. Geographic Segment Net Sales
Net sales to unaffiliated customers (Rounded to the nearest million yen)
Q1 of FY2006 Q1 of FY2005 Increase FY2005
[April 1, 2006 through [April 1, 2005 through (Decrease) [April 1, 2005 through
June 30, 2006 ] June 30, 2005 ] March 31, 2006 ]
- ------------------------------------------------------------------------------------------------------------------------------------
Amount (in Percentage Amount (in Percentage Amount Amount (in Percentage
million yen) (%) million yen) (%) million yen) (%)
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
|Americas 3,998 6.7 4,790 9.2 (792) 25,516 10.0
|--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Europe 2,932 4.9 2,059 4.0 873 14,558 5.7
|--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Asia 27,192 45.4 29,288 56.3 (2,096) 132,708 52.3
|--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
| Total Overseas 34,122 57.0 36,137 69.5 (2,015) 172,782 68.0
|--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
|Japan 25,752 43.0 15,865 30.5 9,887 81,140 32.0
|--------------------------------- ------------ ---------- ------------ ---------- ---------- ----------- ------------
| Consolidated 59,874 100.0 52,002 100.0 7,872 253,922 100.0
- ------------------------------------------------------------------------------------------------------------------------------------
7
Advantest Corporation - Supplemental Information (June 2006)
3. Consolidated Net Sales by Business Segment
(Rounded to the nearest million yen)
- ------------------------------------------------------------------------------------------------------------------------------------
Q1 of FY2006 Q1 of FY2005 Increase FY2005
[April 1, 2006 through [April 1, 2005 through (Decrease) [April 1, 2005 through
June 30, 2006 ] June 30, 2005 ] March 31, 2006 ]
===================================================================================================================================
Semiconductor and Component Test System 43,181 39,218 3,963 191,415
--------------------------------------------------------------------------------------------------------------------------------
Mechatronics System 13,184 9,376 3,808 48,260
--------------------------------------------------------------------------------------------------------------------------------
Services, Support and Others 4,947 4,156 791 19,062
--------------------------------------------------------------------------------------------------------------------------------
Intercompany transactions elimination (1,438) (748) (690) (4,815)
--------------------------------------------------------------------------------------------------------------------------------
Total net sales 59,874 52,002 7,872 253,922
- ------------------------------------------------------------------------------------------------------------------------------------
4. Consolidated Orders input received and Orders Backlog by Business Segment
(Rounded to the nearest million yen)
- ------------------------------------------------------------------------------------------------------------------------------------
Q1 of FY2006 Q1 of FY2005 Increase FY2005
[April 1, 2006 through [April 1, 2005 through (Decrease) [April 1, 2005 through
June 30, 2006 ] June 30, 2005 ] March 31, 2006 ]
===================================================================================================================================
Semiconductor and Component Test System 46,832 46,980 (148) 195,585
--------------------------------------------------------------------------------------------------------------------------------
Mechatronics System 14,737 10,854 3,883 49,491
--------------------------------------------------------------------------------------------------------------------------------
Services, Support and Others 4,996 4,566 430 19,251
--------------------------------------------------------------------------------------------------------------------------------
Intercompany transactions elimination (1,670) (1,571) (99) (4,892)
--------------------------------------------------------------------------------------------------------------------------------
Total orders input received 64,895 60,829 4,066 259,435
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Q1 of FY2006 Q1 of FY2005 Increase FY2005
(As of June 30, 2006) (As of June 30, 2005) (Decrease) (As of March 31, 2006)
===================================================================================================================================
Semiconductor and Component Test System 39,866 39,808 58 36,215
--------------------------------------------------------------------------------------------------------------------------------
Mechatronics System 9,444 8,138 1,306 7,891
--------------------------------------------------------------------------------------------------------------------------------
Services, Support and Others 1,087 1,260 (173) 1,038
--------------------------------------------------------------------------------------------------------------------------------
Intercompany transactions elimination (325) (840) 515 (93)
--------------------------------------------------------------------------------------------------------------------------------
Total orders backlog 50,072 48,366 1,706 45,051
- ------------------------------------------------------------------------------------------------------------------------------------
(Note) The amount of orders input received for any given period consists of the
sum of the revenues for such period and the amount of orders backlog at
the end of such period less the orders backlog at the end of the previous
fiscal year. Orders input received are recorded upon receipt of a written
customer order.
5. Consolidated Cash Flows
(Rounded to the nearest million yen)
- ------------------------------------------------------------------------------------------------------------------------------------
Q1 of FY2006 Q1 of FY2005 FY2005
[April 1, 2006 through [April 1, 2005 through [April 1, 2005 through
June 30, 2006 ] June 30, 2005 ] March 31, 2006 ]
====================================================================================================================================
Operating activities 1,262 (785) 59,480
---------------------------------------------------------------------------------------------------------------------------------
Investing activities (2,384) (1,372) (8,542)
---------------------------------------------------------------------------------------------------------------------------------
(Free cash flows) (1,122) (2,157) 50,938
---------------------------------------------------------------------------------------------------------------------------------
Financing activities (2,839) (2,157) (18,336)
---------------------------------------------------------------------------------------------------------------------------------
Total cash flows (3,961) (4,314) 32,602
- ------------------------------------------------------------------------------------------------------------------------------------
Cash and cash equivalents at end of period 152,980 117,601 157,925
- ------------------------------------------------------------------------------------------------------------------------------------
6. Consolidated Capital Expenditures, Depreciation and Amortization and Research
and Development Expenses
(Rounded to the nearest million yen)
- ------------------------------------------------------------------------------------------------------------------------------------
Q1 of FY2006 Q1 of FY2005 Increase FY2005
[April 1, 2006 through [April 1, 2005 through (Decrease) [April 1, 2005 through
June 30, 2006 ] June 30, 2005 ] March 31, 2006 ]
====================================================================================================================================
Capital expenditures 1,551 1,184 367 8,323
- ------------------------------------------------------------------------------------------------------------------------------------
Depreciation and amortization 1,793 1,953 (160) 8,275
- ------------------------------------------------------------------------------------------------------------------------------------
Research and development expenses 7,339 6,635 704 26,927
- ------------------------------------------------------------------------------------------------------------------------------------
7. Number of Employees (Advantest Corporation and Consolidated Subsidiaries)
(Persons)
====================================================================================================================================
Q1 of FY2006 FY2005 Increase Q1 of FY2005
(As of June 30, 2006) (As of March 31, 2006) (Decrease) (As of June 30, 2005)
- ------------------------------------------------------------------------------------------------------------------------------------
Non-Consolidated (Parent Company only) 1,452 1,445 7 1,461
- ------------------------------------------------------------------------------------------------------------------------------------
Consolidated subsidiaries 2,179 2,150 29 2,138
- ------------------------------------------------------------------------------------------------------------------------------------
Consolidated full-time employee total 3,631 3,595 36 3,599
- ------------------------------------------------------------------------------------------------------------------------------------
8