ADVANTEST, The Current Fiscal Year Net Income Revised Upward by 37%, Highest in Two Terms, The Undetermined Dividend Set at 39 yen

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Wed Jan 29, 2025 3:30 pm JST Earnings

6857 ADVANTEST CORPORATION 【IFRS】

Earnings Report

ADVANTEST CORPORATION <6857> [TSE Prime] announced its financial results (based on IFRS) after the market closed on January 29th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.6 times that of the same period last year, reaching 121 billion yen.

In addition, the full-year consolidated net income has been revised upward 37.3%, from the previous forecast of 122 billion yen to 167 billion yen (compared to 62.2 billion yen in the previous period), increasing the growth rate from 95.9% to 2.7 times, reaches new record high for the first time in two terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 86.4%, from the previous forecast of 52.6 billion yen to 98.1 billion yen (compared to 36.3 billion yen in the same period of the previous year), increasing the growth rate from 44.9% to 2.7 times.

At the same time, the company has decided to implement a annual dividend of 39 yen for the current fiscal year, which was previously undecided.

In the most recent three-month period, from October to December (3Q), the consolidated net income surged 2.4 times that of the same period last year, reaching 51.8 billion yen. The operating profit margin jumped from 20.1% in the same period last year to 31.8%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	412,799	129,140	132,858	99,806	132.8	77.6	Jan 31, 2023	IFRS
Apr - Dec, 2023	350,744	62,099	59,567	47,143	63.9	76.2	Jan 31, 2024	IFRS
Apr - Dec, 2024	547,358	164,126	163,192	121,210	164.2	72.5	Jan 29, 2025	IFRS
YoY	+56.1%	+164.3%	+174.0%	+157.1%	+156.9%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	310,794	70,141	69,855	52,657	71.8	－	Oct 30, 2024	IFRS
Oct - Mar, 2024 New	410,794	131,141	132,355	98,157	133.8	20	Jan 29, 2025	IFRS
Revision Rate	+32.2%	+87.0%	+89.5%	+86.4%	+86.4%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	640,000	165,000	162,500	122,000	166.3	－	Oct 30, 2024	IFRS
Mar, 2025 New	740,000	226,000	225,000	167,500	228.3	39	Jan 29, 2025	IFRS
Revision Rate	+15.6%	+37.0%	+38.5%	+37.3%	+37.3%

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	268,996	46,359	44,853	36,352	49.3	18	Apr 26, 2024	IFRS
Oct - Mar, 2024 Guidance	410,794	131,141	132,355	98,157	133.8	20	Jan 29, 2025	IFRS
YoY	+52.7%	+182.9%	+195.1%	+170.0%	+171.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	560,191	167,687	171,270	130,400	174.4	33.75	Apr 26, 2023	IFRS
Mar, 2024	486,507	81,628	78,170	62,290	84.5	34.25	Apr 26, 2024	IFRS
Mar, 2025 Guidance	740,000	226,000	225,000	167,500	228.3	39	Jan 29, 2025	IFRS
YoY	+52.1%	+176.9%	+187.8%	+168.9%	+170.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	133,233	26,830	26,250	21,205	28.8	20.1	Jan 31, 2024	IFRS
Jan - Mar, 2024	135,763	19,529	18,603	15,147	20.5	14.4	Apr 26, 2024	IFRS
Apr - Jun, 2024	138,725	31,325	31,930	23,873	32.4	22.6	Jul 31, 2024	IFRS
Jul - Sep, 2024	190,481	63,534	60,715	45,470	61.6	33.4	Oct 30, 2024	IFRS
Oct - Dec, 2024	218,152	69,267	70,547	51,867	70.3	31.8	Jan 29, 2025	IFRS
YoY	+63.7%	+158.2%	+168.8%	+144.6%	+144.3%