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ADVANTEST CORPORATION, The Current Fiscal Year Net Income Revised Upward by 16%

Wed Oct 30, 2024 3:00 pm JST Earnings

6857 ADVANTEST CORPORATION 【IFRS】

Earnings Report

ADVANTEST CORPORATION <6857> [TSE-P] announced its financial results (based on IFRS) after the market closed on October 30th (15:00). The consolidated net income for the cumulative second quarter of the fiscal year ending March 2025 (April to September) surged by 2.7 times that of the same period last year, reaching 69.3 billion yen.

In addition, the full-year consolidated net income has been revised upward by 16.2%, from the previous forecast of 105 billion yen to 122 billion yen (compared to 62.2 billion yen in the previous period), increasing the growth rate from 68.6% to 95.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to expand by 44.9% from the same period last year, reaching 52.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income surged to 2.7 times that of the same period last year, reaching 45.4 billion yen. The operating profit margin jumped from 18.1% in the same period last year to 33.4%.

Kabutan News

Actual Performance and Financial Trends

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Progress Rate
vs. First Half
Announce Accounting
Standards
Apr - Sep, 2022
274,806M 87,916M 95,247M 71,161M 93.9 55.6 Oct 27, 2022 IFRS
Apr - Sep, 2023
217,511M 35,269M 33,317M 25,938M 35.2 42.6 Oct 31, 2023 IFRS
Apr - Sep, 2024
329,206M 94,859M 92,645M 69,343M 93.9 57.0 Oct 30, 2024 IFRS
YoY +51.4% +169.0% +178.1% +167.3% +167.0%
First Half Results vs. Previous Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Apr - Sep, 2024 Guidance 19 Jul 31, 2024 IFRS
Apr - Sep, 2024 Results 329,206M 94,859M 92,645M 69,343M 93.9 19 Oct 30, 2024 IFRS
Revision Rate

Guidance Update

Full Year Update
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Mar, 2025 Prev 600,000M 138,000M 138,500M 105,000M 143.1 Jul 31, 2024 IFRS
Mar, 2025 New 640,000M 165,000M 162,500M 122,000M 166.3 Oct 30, 2024 IFRS
Revision Rate +6.7% +19.6% +17.3% +16.2% +16.2%

Current Period Guidance

Second Half Results
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Oct - Mar, 2023
268,996M 46,359M 44,853M 36,352M 49.3 18 Apr 26, 2024 IFRS
Guidance
Oct - Mar, 2024
310,794M 70,141M 69,855M 52,657M 71.8 Oct 30, 2024 IFRS
YoY +15.5% +51.3% +55.7% +44.9% +45.7%
Current Period Guidance
Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Adj.
Dividend
Announce Accounting
Standards
Mar, 2023
560,191M 167,687M 171,270M 130,400M 174.4 33.75 Apr 26, 2023 IFRS
Mar, 2024
486,507M 81,628M 78,170M 62,290M 84.5 34.25 Apr 26, 2024 IFRS
Guidance
Mar, 2025
640,000M 165,000M 162,500M 122,000M 166.3 Oct 30, 2024 IFRS
YoY +31.6% +102.1% +107.9% +95.9% +96.9%

Quarterly Results

Fiscal Year Revenue Operating
Profit
Ordinary
Profit
Net
Profit
Adj.
EPS
Operating
Profit Margin
Announce Accounting
Standards
Jul - Sep, 2023
116,260M 21,000M 20,356M 16,736M 22.7 18.1 Oct 31, 2023 IFRS
Oct - Dec, 2023
133,233M 26,830M 26,250M 21,205M 28.8 20.1 Jan 31, 2024 IFRS
Jan - Mar, 2024
135,763M 19,529M 18,603M 15,147M 20.5 14.4 Apr 26, 2024 IFRS
Apr - Jun, 2024
138,725M 31,325M 31,930M 23,873M 32.4 22.6 Jul 31, 2024 IFRS
Jul - Sep, 2024
190,481M 63,534M 60,715M 45,470M 61.6 33.4 Oct 30, 2024 IFRS
YoY +63.8% +202.5% +198.3% +171.7% +171.3%