(The following is an unofficial English translation of the Interim Business
Report for the 65th Fiscal Year of Advantest Corporation (the "Company"). The
Company provides this translation for your reference and convenience only and
without any warranty as to its accuracy or otherwise.)
[Advantest logo]
Advantest Corporation
Interim Business Report for the 65th Fiscal Year
(April 1, 2006 through September 30, 2006)
[Cover graphics]
To Our Shareholders
- --------------------------------------------------------------------------------
Let us report on the business results of Advantest on a consolidated
basis during the interim period of fiscal year 2006 (April 1, 2006 through
September 30, 2006).
During this interim fiscal period, Advantest's operating environment
was overall favorable, as stimulated by continuing steady sales of consumer
digital products (such as portable audio players and flat-panel televisions)
from the previous period. Partly due to a trend of inventory adjustment of
liquid crystal panels and a reduction in capital expenditures by some
semiconductor manufacturers, we did not achieve the interim results forecasted
in our previous forecast. However, mainly due to increases in demand for
semiconductors and increases in capital expenditures by semiconductor
manufacturers for new production lines, our overall sales remained steady.
Under this environment, Advantest made efforts to increase orders
input received and expand sales by introducing products that meet customers'
demand and providing test solutions that are targeted at its customers.
Advantest also continued to make efforts to improve productivity and cost
reduction.
Accordingly, as compared to the previous interim fiscal period, orders
input received decreased by 5.2 % to (Y)115.2 billion, net sales increased by
12.5 % to (Y)120.5 billion, net income before income taxes increased by 38.6 %
to (Y)34.0 billion, and net income for the interim fiscal period increased by
51.9 % to (Y)22.2 billion. Overseas sales as a percentage of total sales were
60.0%, as compared with 67.7 % in the previous interim fiscal period.
Interim dividends of (Y)35 per share as compared to (Y)25 in the
corresponding interim period for the previous fiscal year will be distributed to
shareholders recorded in the register as of September 30, 2006 beginning on
December 1, 2006, as resolved by the Board of Directors' Meeting on October 27,
2006.
We look forward to your continued support and guidance.
November 2006
[Picture of Toshio Maruyama]
Toshio Maruyama
(Representative Board Director, President and CEO)
Summary of Consolidated Results (U.S. GAAP)
- --------------------------------------------------------------------------------
Amounts of less than one million are rounded.
-------------------------------------------------------------------------------
FY2004 FY2005 FY2005 FY2006
Interim Interim
-------------------------------------------------------------------------------
(in millions of Yen)
Incoming orders 227,482 259,435 121,586 115,218
-------------------------------------------------------------------------------
(in millions of Yen)
Net sales 239,439 253,922 107,099 120,492
Semiconductor and 180,685 191,415 80,832 85,974
Component Test System
Mechatronics System 46,395 48,260 20,481 26,655
Services, Support and 19,680 19,062 8,535 9,660
Others
Intercompany transactions (7,321) (4,815) (2,749) (1,797)
elimination
Overseas portion of net 179,414 172,782 72,492 72,286
sales
Operating income (loss) 60,719 64,458 22,660 32,199
Net income (loss) 38,078 41,374 14,614 22,204
-------------------------------------------------------------------------------
(in Yen)
Net income (loss) per share 194.77 223.17 79.03 118.79
(basic)
-------------------------------------------------------------------------------
(in millions of Yen)
Total assets 296,769 350,776 320,069 347,089
Stockholders' equity 206,749 257,927 222,602 278,673
-------------------------------------------------------------------------------
(in Yen)
Stockholders' equity per 1,118.49 1,381.85 1,202.81 1,489.45
share
-------------------------------------------------------------------------------
* On October 1, 2006, a one to two stock split was made to shares of the common
stock in respect of shareholders recorded in the register as of September 30,
2006. "Net income (loss) per share (basic)" and "Stockholders' equity per
share" were calculated based on the number of issued and outstanding shares
after such stock split.
** "Net income (loss) per share (basic)" 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]
Business Results by Segment
Semiconductor and Component Test System Segment
In this segment, overall sales was positive despite a trend of
inventory adjustment of the liquid crystal panels used for personal computers
and a reduction in capital expenditures by some semiconductor manufacturers.
Such positive sales was primarily due to increased demand for new test systems
resulting from a growth in sales of consumer digital products, among other
things.
In the memory semiconductor test system market, because the price of
DRAM semiconductors remained stable and manufacturers of DRAM semiconductors
promoted capital expenditures for mass production of DDR2-DRAM semiconductors,
demand for front-end test systems for DRAM semiconductors was overall positive
in Japan, Taiwan and Korea, among other countries. However, the results of
back-end test systems for DRAM semiconductors did not achieve our previous
forecasts. In addition, sales of test systems for flash memory semiconductors
remained steady, due to stable demand for portable audio players and digital
cameras, among other things.
In the market of non-memory semiconductor test system, sales of SoC
semiconductor test systems for devices used in consumer digital products and
car-related products was primarily favorable in Japan. However, sales of test
systems for non-memory semiconductors used in LCD driver IC was weak in the
latter half of this interim fiscal period as a result of inventory adjustment of
liquid crystal panels in Japan and in Taiwan. Furthermore, demand for the T2000,
a test system compatible with OPENSTAR(R)*, which was very favorable in the
previous fiscal year, was low due to slow down in the demand.
As a result of the above, orders input received was (Y)82.0 billion
(12.5 % decrease in comparison to the previous interim fiscal period), sales was
(Y)86.0 billion (6.4 % increase) and operating income was (Y)26.5 billion (26.3
% increase).
[Picture of the Memory test system T5588]
[Picture of the Memory test system T5377S]
*OPENSTAR(R): The name of an open architecture standard published by the STC
(Semiconductor Testing Consortium, Inc.). OPENSTAR(R) is a
registered trademark or a trademark of STC in the United States,
Japan and other countries.
Mechatronics System Segment
Sales of memory semiconductor test handlers was favorable, primarily
due to positive sales of test handlers for flash memory semiconductors. Sales of
non-memory semiconductor test handlers remained steady in connection with test
handlers for SoC semiconductors used for consumer digital product devices. Sales
of device interface products was also steady, due to an increase in demand for
flash memory semiconductors and semiconductors for SoC.
As a result, orders input received was (Y)25.5 billion (17.6 %
increase in comparison with the previous interim fiscal period), sales was
(Y)26.7 billion (30.1 % increase) and operating income was (Y)7.6 billion (64.5
% increase).
[Picture of the Dynamic Test Handler M6300]
Services, Support and Others Segment
In this segment, orders input received was (Y) 9.4 billion (4.0 %
increase in comparison with the previous interim fiscal period), sales was (Y)
9.7 billion (13.2 % increase) and operating income was (Y) 1.4 billion (27.6 %
decrease).
Prospects for the Fiscal Year
- --------------------------------------------------------------------------------
With respect to its operating environment in the fiscal year,
Advantest expects a rapid increase in demand for DDR2-DRAM used in personal
computers resulting from, among other things, the planned launch of a new
operating system for personal computers in January 2007. Advantest also expects
to see expanded volume and application of flash memory semiconductors used for
mobile telephones, portable audio players and digital cameras. Furthermore, a
continuous increase in demand is anticipated for semiconductors used for
car-related products and digital consumer products (due to wider acceptance of
flat-panel televisions by consumers). With such increase in demand, Advantest
expects that demand for semiconductor manufacturing equipments will continue to
increase going forward.
On the other hand, Advantest is concerned that restrained capital
expenditures as a result of poor supply and demand balance, an issue unique to
the semiconductor market, increased prices of raw materials such as oil, risks
relating to exchange rates, and strengthened downward pressure on prices as a
result of the above-mentioned factors may affect our results.
In order to respond to these conditions, Advantest plans to continue
its efforts to increase orders input received and expand sales through the
timely introduction of new products that meet customers' needs by strengthening
marketing and development structure. To further strengthen its cost
competitiveness, Advantest will make continued efforts to further improve
profitability by reviewing its operational process company wide and improving
manufacturing efficiency.
As a result of the above, net sales for the fiscal year are currently
estimated at (Y)255.0 billion, while income before income taxes is estimated at
(Y)68.0 billion and net income at (Y)43.0 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
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.
Consolidated Financial Statements (U.S. GAAP)
Amounts of less than one million are rounded.
- ---------------------------------------------------------------------------------------------------------
Balance Sheets
----------------------------------------------------------------------------------------------------
FY2005 FY2006 interim
(as of March 31, 2006) (as of September 30, 2006)
----------------------------------------------------------------------------------------------------
(in millions of Yen)
(Assets)
Current assets 275,633 273,108
Cash and cash equivalents 157,925 163,635
Trade accounts receivable, less allowance 69,567 67,336
for doubtful accounts
Inventories 29,911 27,040
Deferred tax assets 13,708 12,471
Other current assets 4,522 2,626
Investment securities 12,273 11,423
Property, plant and equipment, net 50,793 50,002
Deferred tax assets 7,378 7,783
Intangible assets, at cost, less 2,858 2,973
accumulated amortization
Other assets 1,841 1,800
----------------------------------------------------------------------------------------------------
Total assets 350,776 347,089
----------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------
(Liabilities) (in millions of Yen)
Current liabilities 76,745 53,441
Current portion of long-term debt 30 10
Trade accounts payable 32,584 22,915
Income taxes payable 19,970 10,831
Accrued expenses 12,781 11,780
Accrued warranty expenses 4,776 4,373
Deferred revenue 2,979 620
Other current liabilities 3,625 2,912
Long-term debt, excluding current portion 10 5
Accrued pension and severance cost 12,292 11,420
Other liabilities 3,802 3,550
Total liabilities 92,849 68,416
----------------------------------------------------------------------------------------------------
(Stockholders' equity)
Common stock 32,363 32,363
Capital surplus 37,147 37,702
Retained earnings 245,090 262,875
Accumulated other comprehensive income (loss) 1,344 1,757
Treasury stock (58,017) (56,024)
Total stockholders' equity 257,927 278,673
----------------------------------------------------------------------------------------------------
Total liabilities and stockholders' equity 350,776 347,089
----------------------------------------------------------------------------------------------------
Statements of Income
----------------------------------------------------------------------------------------------------
FY2005 Interim FY2006 Interim
----------------------------------------------------------------------------------------------------
(in millions of Yen)
Net sales 107,099 120,492
----------------------------------------------------------------------------------------------------
Cost of sales 51,714 55,493
Gross Profit 55,385 64,999
----------------------------------------------------------------------------------------------------
Research and development expenses 12,877 14,121
Selling, general and administrative expenses 19,848 18,679
Operating income 22,660 32,199
----------------------------------------------------------------------------------------------------
Other income (expense) 1,842 1,752
Income before income taxes 24,502 33,951
----------------------------------------------------------------------------------------------------
Income taxes 9,888 11,747
Net income 14,614 22,204
----------------------------------------------------------------------------------------------------
Statements of Stockholder's Equity
FY2006 interim (April 1, 2006 through September 30, 2006)
-------------------------------------------------------------------------------------------------------------
Accumulated
Common Capital Retained other Treasury stock Total
stock surplus earnings comprehensive
income (loss)
-------------------------------------------------------------------------------------------------------------
(in millions of Yen)
Balance of March 31, 2006 32,363 37,147 245,090 1,344 (58,017) 257,927
-------------------------------------------------------------------------------------------------------------
Comprehensive income (loss)
Net income (loss) 22,204 22,204
Other comprehensive income
(loss), net of tax
Foreign currency 813 813
translation adjustments
Net unrealized gain (loss) on (400) (400)
available-for-sale securities
---------
Total comprehensive income 22,617
(loss)
---------
Cash dividends (4,200) (4,200)
Stock option compensation 648 648
expense
Other decrease (93) 2,004 1,911
Purchase of treasury stock (18) (18)
Disposal of treasury stock (219) 7 (212)
-------------------------------------------------------------------------------------------------------------
Balance of September 30, 2006 32,363 37,702 262,875 1,757 (56,024) 278,673
Statements of Cash Flows
- ------------------------------------------------------------------------------------------------------------------
FY2005 Interim FY2006 Interim
- ------------------------------------------------------------------------------------------------------------------
(in millions of Yen)
Cash flows from operating activities 16,798 12,191
Cash flows from investing activities (2,818) (4,524)
Cash flows from financing activities (1,531) (2,542)
Net effect of exchange rate changes on cash and 1,791 585
cash equivalents
- -----------------------------------------------------------------------------------------------------------------
Net change in cash and cash equivalents 14,240 5,710
Cash and cash equivalents at beginning of period 120,986 157,925
- -----------------------------------------------------------------------------------------------------------------
Cash and cash equivalents at end of period 135,226 163,635
- -----------------------------------------------------------------------------------------------------------------
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.
Advantest DI Corporation
Japan Engineering Co., Ltd.
Advantest Finance Inc.
Advantest America, Inc.
Advantest (Europe) GmbH
Advantest Taiwan Inc.
Advantest (Singapore) Pte. Ltd.
Advantest Korea Co., Ltd.
Advantest (Suzhou) Co., Ltd.
and 27 others
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Summary of Unconsolidated Results
Amounts of less than one million are truncated.
-----------------------------------------------------------------------------
FY2004 FY2005 FY2005 FY2006
Interim Interim
-----------------------------------------------------------------------------
(in millions of Yen)
Net sales 203,315 217,688 101,484 99,562
Semiconductor and Component 161,749 176,665 83,344 78,395
Test System
Mechatronics System 36,536 38,123 16,701 19,771
Services, Support and Others 5,028 2,899 1,438 1,395
Export portion of net sales 148,018 144,159 69,501 55,477
Operating income (loss) 41,910 49,746 21,161 21,465
Net income (loss) 28,421 35,273 16,524 16,707
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(in Yen)
Net income (loss) per share 288.68 378.34 178.72 178.78
-----------------------------------------------------------------------------
(in Yen)
Dividends per share 50.00 70.00 25.00 35.00
-----------------------------------------------------------------------------
(in millions of Yen)
Total assets 238,109 274,538 255,783 266,206
Net assets 159,074 197,226 173,999 211,459
-----------------------------------------------------------------------------
(in Yen)
Net assets per share 1,718.95 2,111.11 1,880.38 2,253.49
-----------------------------------------------------------------------------
* On October 1, 2006, a one to two stock split was made to shares of the common
stock in respect of shareholders recorded in the register as of September 30,
2006. "Net income (loss) per share", "Dividends per share" and "Net assets per
share" were calculated based on the number of issued and outstanding shares
before such stock split.
** "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.
*** "Net assets 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.
[Charts illustrating the information presented in the above table]
Unconsolidated Financial Statements (Japanese GAAP)
Amounts of less than one million are truncated.
Balance Sheets
--------------------------------------------------------------------------------------
FY2005 FY2006 interim
(as of March 31, 2006) (as of September 30, 2006)
--------------------------------------------------------------------------------------
(in millions of Yen)
(Assets)
Current assets 199,872 192,591
Cash and deposits 86,669 88,398
Trade accounts receivables 72,893 68,196
Inventory 21,607 19,721
Deferred tax assets 9,514 8,331
Other 9,187 7,942
Noncurrent assets 74,665 73,615
Property, plant and equipment 38,781 37,894
Buildings 14,163 13,740
Land 17,915 17,915
Other 6,702 6,239
Intangible fixed assets 1,233 1,343
Investments and other assets 34,650 34,376
Investment in associated 16,470 16,470
companies
Deferred tax assets 3,482 4,124
Other 14,698 13,781
--------------------------------------------------------------------------------------
Total assets 274,538 266,206
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
(in millions of Yen)
(Liabilities)
Current liabilities 68,120 46,085
Trade accounts payable 30,476 21,049
Income tax payable 16,315 6,910
Allowance for product warranty 4,877 4,395
Other 16,451 13,729
Noncurrent liabilities 9,191 8,661
Long-term borrowings 10 5
Allowance for retirement benefits 6,970 6,359
Allowance for officers' 1,681 -
retirement benefits
Other 529 2,296
Total liabilities 77,311 54,746
--------------------------------------------------------------------------------------
(Stockholders' equity)
Common stock 32,362 -
Capital surplus 32,973 -
Retained earnings 187,229 -
Net unrealized holding gains on 2,677 -
other securities
Treasury stock (58,017) -
Total stockholders' equity 197,226 -
--------------------------------------------------------------------------------------
(Net assets)
Stockholders' equity - 208,534
Common stock - 32,362
Capital surplus - 32,973
Retained earnings - 199,222
Treasury stock - (56,024)
Difference of appreciation and - 2,277
conversion
Net unrealized gains on - 2,277
securities
Stock acquisition rights - 648
Total net assets - 211,459
--------------------------------------------------------------------------------------
Total liabilities and net 274,538 266,206
assets/ (Stockholder's equity)
--------------------------------------------------------------------------------------
Statements of Income
---------------------------------------------------------------------------
FY2005 Interim FY2006 Interim
---------------------------------------------------------------------------
(in millions of Yen)
Net sales 101,484 99,562
---------------------------------------------------------------------------
Cost of sales 53,972 50,768
Gross profit 47,512 48,793
---------------------------------------------------------------------------
Selling, general and administrative 26,350 27,328
expenses
Operating income 21,161 21,465
---------------------------------------------------------------------------
Non-operating income 4,769 3,852
Non-operating expenses 1,341 1,024
Ordinary income 24,589 24,293
---------------------------------------------------------------------------
Income before income taxes 24,589 24,293
---------------------------------------------------------------------------
Income taxes 7,173 6,774
Income taxes - deferred 891 810
Net income 16,524 16,707
---------------------------------------------------------------------------
Statements of Changes in Stockholders' Equity
FY2006 interim (April 1, 2006 through September 30, 2006)
- ------------------------------------------------------------------------------------------------------------------------------------
Difference of
Stockholders' equity appreciation
and
conversion
-------------------------------------------------------------------------------------------
Capital Stock
surplus Retained earnings acquisition Total net
------------------------------------------------ rights assets
Other Retained earnings Net
Common ----------------------------- Treasury Total unrealized
Stock Additional Reserve for Retained stock stockholders' gains on
paid-in Legal losses in General earnings equity securities
capital reserve foreign reserve brought
investments forward
- ------------------------------------------------------------------------------------------------------------------------------------
(in millions of Yen)
Balance of 32,362 32,973 3,083 27,062 121,880 35,204 (58,017) 194,548 2,677 - 197,226
March 31, 2006
- ------------------------------------------------------------------------------------------------------------------------------------
Changes in the term
Transfer to 25,000 (25,000) - -
voluntary reserve
(Note)
Bonus of directors (203) (203) (203)
and corporate
auditors (Note)
Dividends from (4,199) (4,199) (4,199)
surplus (Note)
Net income 16,707 16,707 16,707
Purchase of (18) (18) (18)
treasury stock
Disposal of (312) 2,010 1,698 1,698
treasury stock
Net changes of - (400) 648 247
items other than
stockholders'
equity
- ------------------------------------------------------------------------------------------------------------------------------------
Total changes in 25,000 (13,007) 1,992 13,985 (400) 648 14,233
the term
- ------------------------------------------------------------------------------------------------------------------------------------
Balance of 32,362 32,973 3,083 27,062 146,880 22,197 (56,024) 208,534 2,277 648 211,459
September 30, 2006
- ------------------------------------------------------------------------------------------------------------------------------------
(Note) These are appropriation items as of the Ordinary Shareholders' Meeting
held in June, 2006.
Share Data (as of September 30, 2006)
- --------------------------------------------------------------------------------
Total number of issuable shares----------------------------------220,000,000
Total number of issued shares------------------------------------99,783,385
Number of shareholders-------------------------------------------27,297
(Note) On October 1, 2006, a one to two stock split was made to shares of
the common stock. In addition, the company amended its Articles of
Incorporation and increased the total number of issuable shares on
October 1, 2006. As a result, the total number of issuable shares
became 440,000,000 and the total number of issued shares became
199,566,770 as of October 1, 2006.
Shareholders by Category
Category Number of Number of shares Percentage
shareholders (in thousands)
----------------------------------------------------------------------------------------------
Financial institutions and securities firms 170 50,086 50.2
Foreign nationals and entities 454 32,859 32.9
Other individual investors 26,288 8,590 8.6
Other corporate investors 385 8,246 8.3
Major Shareholders (as of September 30, 2006)
- --------------------------------------------------------------------------------
----------------------------------------------------------------------------
Name of shareholder Number of shares Percentage in
(in thousands) voting rights
----------------------------------------------------------------------------
Mizuho Trust & Banking Co., Ltd. 10,071 10.78%
(retirement benefit trust
(Fujitsu account), re-trust trustees,
Trust & Custody Services Bank, Ltd.)
The Master Trust Bank of Japan, Ltd. 9,160 9.80
(trust account)
Japan Trustee Services Bank, Ltd. 7,990 8.55
(trust account)
BNP Paribas Securities (Japan) Ltd. 2,336 2.50
CALYON DMA OTC 2,214 2.36
Japan Trustee Services Bank, Ltd. 2,088 2.23
(trust account 4)
Deutsche Bank AG, London 610 1,729 1.85
The Dai-ichi Mutual Life Insurance Company 1,724 1.84
Trust & Custody Services Bank, Ltd. 1,623 1.73
(investment trust account)
Fukoku Mutual Life Insurance Company 1,546 1.65
1. 6,234 thousand treasury shares held by the Company have not been included
in the table above.
2. Mizuho Trust & Banking Co., Ltd. (retirement benefit trust (Fujitsu
account), re-trust trustees, Trust & Custody Services Bank, Ltd.) holds
10,071 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.
3. The Company has acknowledged that, based on the substantial shareholding
reports filed pursuant to the "Disclosure of Substantial Shareholding"
prescribed in the Securities and Exchange Law, Nomura Securities Co., Ltd.
and its three affiliates jointly held 7,689 thousand shares of Advantest as
of August 31, 2006 according to the substantial shareholding reports filed
on September 15, 2006 and Capital Guardian Trust Company and its three
affiliates jointly held 5,712 thousand shares of Advantest as of July 31,
2006 according to the substantial shareholding reports filed on August 15,
2006. However, the Company has not included the number of shares held by an
unverified number of beneficial owners in the table above.
Corporate Overview
- --------------------------------------------------------------------------------
Registered name ADVANTEST CORPORATION
Registered office 1-32-1 Asahi-cho, Nerima-ku, Tokyo
Head office Shin Marunouchi Center Building
1-6-2, Marunouchi, Chiyoda-ku,
Tokyo, JAPAN 100-0005
(03) 3214-7500
Date registered December 2, 1954
Number of employees 3,652 (consolidated)
(as of September 30, 2006) 1,461 (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)
Board of Directors, Corporate Auditors and Executive Officers
(as of September 30, 2006)
- --------------------------------------------------------------------------------
Board of Directors and Corporate Auditors
Chairman of the Board Shimpei Takeshita
Representative Board Director Toshio Maruyama
Director and Senior Hiroshi Oura
Executive Advisor
Director Naoyuki Akikusa
Director Yasushige Hagio
Director Junji Nishiura
Director Hiroji Agata
Director Takashi Tokuno
Director Hitoshi Owada
Standing Corporate Auditor Noboru Yamaguchi
Standing Corporate Auditor Tadahiko Hirano
Corporate Auditor Takashi Takaya
Corporate Auditor Megumi Yamamuro
Executive Officers
President and CEO Toshio Maruyama
Senior Executive Officer Junji Nishiura
Senior Executive Officer Hiroji Agata
Senior Executive Officer Takashi Tokuno
Managing Executive Officer Hitoshi Owada
Managing Executive Officer Yuri Morita
Managing Executive Officer Jiro Katoh
Managing Executive Officer Takao Tadokoro
Managing Executive Officer Hiroyasu Sawai
Managing Executive Officer Hiroshi Tsukahara
Executive Officer Masao Shimizu
Executive Officer Masao Araki
Executive Officer Yuichi Kurita
Executive Officer Yoshiro Yagi
Executive Officer Hideaki Imada
Executive Officer Shinichiro Umeda
Executive Officer Akira Hatakeyama
Executive Officer Yasuhiro Kawata
Executive Officer Takashi Sugiura
Executive Officer Shinichiro Kuroe
Executive Officer Takashi Sekino
Executive Officer Hiroshi Nakamura
Executive Officer Yoshiaki Yoshida
Memorandum to Shareholders
- -------------------------------------------------------------------------------------------------------------
Fiscal Year Starting from April 1 of each year and ending on March 31
of the following year
Ordinary General meeting of June of each year
shareholders
Decision on shareholders of record March 31 of each year and September 30 when interim
qualified to receive dividends dividends are paid.
Method for public notice Public notice will be posted on the Advantest website
(http://www.advantest.co.jp/investors/).
However, in the case of accidents or other inevitable
circumstances that prevent the Company from posting
public notices on such Company's website, public notices
are carried in the Nihon Keizai Shimbun.
Share registration agent Main Office, Tokyo Securities Transfer Agent Co., Ltd.
Place for share transfer/registration
business Togin Bld. 3F, 4-2 Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005
Toll free number: (0120)49-7009
Telephone: (03)3212-4611
Agent for share transfer/registration Main Office and Branch Offices in Japan, The Chuo Mitsui
business Trust and Banking Company, Limited
Number of shares comprising one unit 100 shares
Notice
Requests for sales of fractional shares and additional for purchase of
fractional sales:
The share registration agent mentioned above handles requests for sales and
additional purchases of fractional shares. The handling of any request for
additional purchase of fractional shares will be suspended for the 12
business days prior to March 31 and the 12 business days prior to September
30, up to March 31 and September 30, respectively. In addition, Tokyo
Securities Transfer Agent Co., Ltd. may suspend the handling of requests
for additional purchase of fractional shares for a certain period
designated by the Company.
Registration of lost share certificates:
Those who have lost share certificates may fulfill the procedures
concerning the lost share certificates at the share registration agents
mentioned above. When such procedures are complete, the symbol and number
of lost share certificates are registered on the lost share certificate
registration book, which will in turn be available for public inspection.
Should there be no objection to such registration or obliteration of
registered lost share certificates for a period of one year, those who have
lost share certificates may receive the delivery of new share certificates.
The fees charged for the registration will be a basic fee of (Y)10,000 and
an additional fee of (Y)500 per lost certificate.
*For inquiries on details, please contact the above share registration agent.
[Advantest logo]