1.
|
Executive summary of the Japanese-language Quarterly Report, submitted by the registrant to the Director-General of the Kanto Local Finance Bureau of the Ministry of Finance of Japan on November 14, 2012.
|
2.
|
English-language translation of the registrant’s Quarterly Consolidated Financial Statements for the fiscal second quarter ended September 30, 2012, filed with the Director-General of the Kanto Local Finance Bureau as part of the registrant’s Quarterly Report.
|
Advantest Corporation | ||||
By: | /s/ Hiroshi Nakamura | |||
Name: | Hiroshi Nakamura | |||
Title: | Director, Managing Executive Officer | |||
I.
|
Corporate Information
|
1.
|
Corporate Overview
|
·
|
Significant financial indices
|
·
|
Business overview
|
2.
|
Business Information
|
·
|
Risk factors
|
·
|
Material agreements
|
·
|
Operating and financial review and prospects
|
3.
|
Company Data
|
·
|
Share information
|
-
|
Total number of shares
|
-
|
Stock acquisition rights
|
-
|
Bonds with stock acquisition rights with contingently adjustable exercise price (none)
|
-
|
Rights plan (none)
|
-
|
Number of shares outstanding, changes in capital stock
|
-
|
Major shareholders
|
-
|
Voting rights
|
·
|
Changes in directors and corporate auditors
|
4.
|
Financial information
|
·
|
Consolidated financial statements (Unaudited)
|
·
|
Others
|
II.
|
Information on Guarantors (none)
|
Yen (Millions)
|
||||||||
Assets
|
March 31, 2012
|
September 30, 2012
|
||||||
Current assets:
|
||||||||
Cash and cash equivalents
|
¥ | 58,218 | 51,000 | |||||
Trade receivables, net
|
24,119 | 25,218 | ||||||
Inventories
|
29,836 | 31,027 | ||||||
Other current assets
|
6,522 | 6,359 | ||||||
Total current assets
|
118,695 | 113,604 | ||||||
Investment securities
|
5,929 | 4,692 | ||||||
Property, plant and equipment, net of accumulated
|
34,206 | 37,144 | ||||||
depreciation of 39,386 million yen and 39,375 million yen,
|
||||||||
as of March 31, 2012 and September 30, 2012, respectively
|
||||||||
Intangible assets, net of accumulated
|
15,794 | 14,124 | ||||||
amortization of 3,380 million yen and 4,213 million yen,
|
||||||||
as of March 31, 2012 and September 30, 2012, respectively
|
||||||||
Goodwill
|
36,496 | 34,494 | ||||||
Other assets
|
8,106 | 7,571 | ||||||
Total assets
|
¥ | 219,226 | 211,629 |
Yen (Millions)
|
||||||||
Liabilities and Stockholders’ Equity
|
March 31, 2012
|
September 30, 2012
|
||||||
Current liabilities:
|
||||||||
Trade accounts payable
|
¥ | 15,659 | 15,201 | |||||
Short term debt
|
25,000 | - | ||||||
Accrued expenses
|
12,068 | 9,940 | ||||||
Accrued warranty expenses
|
2,129 | 2,094 | ||||||
Customer prepayments
|
2,228 | 2,523 | ||||||
Other current liabilities
|
3,288 | 4,256 | ||||||
Total current liabilities
|
60,372 | 34,014 | ||||||
Corporate bonds
|
- | 25,000 | ||||||
Accrued pension and severance costs
|
23,444 | 23,276 | ||||||
Other liabilities
|
3,858 | 3,513 | ||||||
Total liabilities
|
87,674 | 85,803 | ||||||
Commitments and contingent liabilities
|
||||||||
Stockholders’ equity:
|
||||||||
Common stock,
|
||||||||
Authorized 440,000,000 shares; issued 199,566,770 shares
|
32,363 | 32,363 | ||||||
Capital surplus
|
42,280 | 42,401 | ||||||
Retained earnings
|
179,081 | 178,297 | ||||||
Accumulated other comprehensive income (loss)
|
(22,574 | ) | (28,585 | ) | ||||
Treasury stock, 26,295,390 shares and 26,045,251 shares
|
||||||||
as of March 31, 2012 and September 30, 2012, respectively
|
(99,598 | ) | (98,650 | ) | ||||
Total stockholders’ equity
|
131,552 | 125,826 | ||||||
Total liabilities and stockholders’ equity
|
¥ | 219,226 | 211,629 |
ADVANTEST CORPORATION
|
AND SUBSIDIARIES
|
Yen (Millions)
|
||||||||
Six months ended
|
Six months ended
|
|||||||
September 30, 2011
|
September 30, 2012
|
|||||||
Net sales
|
¥ | 64,460 | 72,558 | |||||
Cost of sales
|
34,199 | 34,498 | ||||||
Gross profit
|
30,261 | 38,060 | ||||||
Research and development expenses
|
13,824 | 16,674 | ||||||
Selling, general and administrative expenses
|
18,720 | 18,017 | ||||||
Operating income (loss)
|
(2,283 | ) | 3,369 | |||||
Other income (expense):
|
||||||||
Interest and dividend income
|
185 | 91 | ||||||
Interest expense
|
(66 | ) | (60 | ) | ||||
Other, net
|
(2,509 | ) | (283 | ) | ||||
Total other income (expense)
|
(2,390 | ) | (252 | ) | ||||
Income (loss) before income taxes and equity
|
||||||||
in earnings (loss) of affiliated company
|
(4,673 | ) | 3,117 | |||||
Income tax expense (benefit)
|
(169 | ) | 1,628 | |||||
Equity in earnings (loss) of affiliated company
|
(35 | ) | 30 | |||||
Net income (loss)
|
¥ | (4,539 | ) | 1,519 | ||||
Yen
|
||||||||
Six months ended
|
Six months ended
|
|||||||
September 30, 2011
|
September 30, 2012
|
|||||||
Net income (loss) per share:
|
||||||||
Basic
|
¥ | (26.20 | ) | 8.76 | ||||
Diluted
|
(26.20 | ) | 8.75 |
ADVANTEST CORPORATION
|
AND SUBSIDIARIES
|
Yen (Millions)
|
||||||||
Three months ended
|
Three months ended
|
|||||||
September 30, 2011
|
September 30, 2012
|
|||||||
Net sales
|
¥ | 37,612 | 39,203 | |||||
Cost of sales
|
20,433 | 18,701 | ||||||
Gross profit
|
17,179 | 20,502 | ||||||
Research and development expenses
|
8,038 | 8,620 | ||||||
Selling, general and administrative expenses
|
12,208 | 9,269 | ||||||
Operating income (loss)
|
(3,067 | ) | 2,613 | |||||
Other income (expense):
|
||||||||
Interest and dividend income
|
68 | 23 | ||||||
Interest expense
|
(65 | ) | (30 | ) | ||||
Other, net
|
(1,987 | ) | (744 | ) | ||||
Total other income (expense)
|
(1,984 | ) | (751 | ) | ||||
Income (loss) before income taxes and equity
|
||||||||
in earnings (loss) of affiliated company
|
(5,051 | ) | 1,862 | |||||
Income tax expense (benefit)
|
(177 | ) | 775 | |||||
Equity in earnings (loss) of affiliated company
|
(11 | ) | 9 | |||||
Net income (loss)
|
¥ | (4,885 | ) | 1,096 | ||||
Yen
|
||||||||
Three months ended
|
Three months ended
|
|||||||
September 30, 2011
|
September 30, 2012
|
|||||||
Net income (loss) per share:
|
||||||||
Basic
|
¥ | (28.19 | ) | 6.32 | ||||
Diluted
|
(28.19 | ) | 6.32 |
ADVANTEST CORPORATION
|
AND SUBSIDIARIES
|
Yen (Millions)
|
||||||||
Six months ended
|
Six months ended
|
|||||||
September 30, 2011
|
September 30, 2012
|
|||||||
Comprehensive income (loss)
|
||||||||
Net income (loss)
|
¥ | (4,539 | ) | 1,519 | ||||
Other comprehensive income (loss), net of tax
|
||||||||
Foreign currency translation adjustments
|
(6,084 | ) | (5,856 | ) | ||||
Net unrealized gains (losses) on investment securities
|
||||||||
Net unrealized gains (losses) arising
|
||||||||
during the period
|
(1,130 | ) | (813 | ) | ||||
Less reclassification adjustments for net
|
||||||||
gains (losses) realized in earnings
|
685 | 251 | ||||||
Net unrealized gains (losses)
|
(445 | ) | (562 | ) | ||||
Pension related adjustments
|
154 | 407 | ||||||
Net unrealized gains (losses) on derivative instruments
|
(65 | ) | - | |||||
Total other comprehensive income (loss)
|
(6,440 | ) | (6,011 | ) | ||||
Total comprehensive income (loss)
|
¥ | (10,979 | ) | (4,492 | ) | |||
Yen (Millions)
|
||||||||
Three months ended
|
Three months ended
|
|||||||
September 30, 2011
|
September 30, 2012
|
|||||||
Comprehensive income (loss)
|
||||||||
Net income (loss)
|
¥ | (4,885 | ) | 1,096 | ||||
Other comprehensive income (loss), net of tax
|
||||||||
Foreign currency translation adjustments
|
(5,523 | ) | (1,620 | ) | ||||
Net unrealized gains (losses) on investment securities
|
||||||||
Net unrealized gains (losses) arising
|
||||||||
during the period
|
(916 | ) | (222 | ) | ||||
Less reclassification adjustments for net
|
||||||||
gains (losses) realized in earnings
|
685 | 251 | ||||||
Net unrealized gains (losses)
|
(231 | ) | 29 | |||||
Pension related adjustments
|
76 | 123 | ||||||
Net unrealized gains (losses) on derivative instruments
|
(65 | ) | - | |||||
Total other comprehensive income (loss)
|
(5,743 | ) | (1,468 | ) | ||||
Total comprehensive income (loss)
|
¥ | (10,628 | ) | (372 | ) |
ADVANTEST CORPORATION
|
AND SUBSIDIARIES
|
Yen (Millions)
|
||||||||
Six months ended
|
Six months ended
|
|||||||
September 30, 2011
|
September 30, 2012
|
|||||||
Cash flows from operating activities:
|
||||||||
Net income (loss)
|
¥ | (4,539 | ) | 1,519 | ||||
Adjustments to reconcile net income to net cash
|
||||||||
provided by (used in) operating activities:
|
||||||||
Depreciation and amortization
|
2,877 | 3,838 | ||||||
Deferred income taxes
|
(233 | ) | (322 | ) | ||||
Stock option compensation expense
|
218 | 291 | ||||||
Impairment losses on investment securities
|
1,345 | 388 | ||||||
Changes in assets and liabilities:
|
||||||||
Trade receivables
|
(1,344 | ) | (1,965 | ) | ||||
Inventories
|
(1,768 | ) | (1,784 | ) | ||||
Trade accounts payable
|
5,638 | 250 | ||||||
Accrued expenses
|
(129 | ) | (1,875 | ) | ||||
Accrued pension and severance costs
|
61 | 578 | ||||||
Other
|
2,067 | 1,478 | ||||||
Net cash provided by (used in) operating activities
|
4,193 | 2,396 | ||||||
Cash flows from investing activities:
|
||||||||
(Increase) decrease in short-term investments
|
13,744 | - | ||||||
Proceeds from sale of available-for-sale securities
|
9,762 | - | ||||||
Acquisition of subsidiary, net of cash acquired
|
(57,145 | ) | - | |||||
Proceeds from sale of property, plant and equipment
|
76 | 23 | ||||||
Purchases of property, plant and equipment
|
(3,293 | ) | (5,878 | ) | ||||
Purchases of intangible assets
|
(143 | ) | (244 | ) | ||||
Other
|
50 | 22 | ||||||
Net cash provided by (used in) investing activities
|
(36,949 | ) | (6,077 | ) | ||||
Cash flows from financing activities:
|
||||||||
Increase (decrease) in short term debt
|
41,146 | (25,000 | ) | |||||
Proceeds from issuance of corporate bonds
|
- | 25,000 | ||||||
Redemption of senior convertible notes of acquired subsidiary
|
(13,830 | ) | - | |||||
Dividends paid
|
(865 | ) | (1,728 | ) | ||||
Other
|
(8 | ) | 208 | |||||
Net cash provided by (used in) financing activities
|
26,443 | (1,520 | ) | |||||
Net effect of exchange rate changes on cash and cash equivalents
|
(4,472 | ) | (2,017 | ) | ||||
Net change in cash and cash equivalents
|
(10,785 | ) | (7,218 | ) | ||||
Cash and cash equivalents at beginning of period
|
75,323 | 58,218 | ||||||
Cash and cash equivalents at end of period
|
¥ | 64,538 | 51,000 |
(a)
|
Terminology, Form and Method of Preparation of the Consolidated Financial Statements
|
(b)
|
Preparation of the Consolidated Financial Statements and Registration with the U.S. Securities and Exchange Commission
|
(c)
|
Significant differences from the preparation of financial statements under Japanese GAAP
|
(a)
|
Description of Business
|
(b)
|
Accounting Changes and Accounting Standards Not Yet Adopted
|
(c)
|
Reclassification
|
Yen (Millions)
|
|
Cash paid
|
77,661
|
Assumed stock options
|
1,068
|
Total purchase price
|
78,729
|
Yen (Millions)
|
|
Assets acquired and liabilities assumed
|
|
Cash and cash equivalents
|
20,516
|
Trade receivable, net
|
2,104
|
Inventories
|
11,013
|
Property, plant and equipment
|
3,316
|
Intangible assets
|
16,899
|
Goodwill
|
35,140
|
Other assets
|
20,145
|
Trade accounts payable
|
(3,136)
|
Other liabilities
|
(27,268)
|
Net assets acquired
|
78,729
|
Purchase Price
|
78,729
|
Yen (Millions)
|
|
Six months ended
September 30, 2011
|
|
Pro forma net sales
|
73,283
|
Pro forma income (loss) before income taxes
|
(5,377)
|
Yen (Millions)
|
||||||||
March 31, 2012
|
September 30, 2012
|
|||||||
Finished goods
|
¥ | 8,318 | 6,325 | |||||
Work in process
|
11,303 | 11,008 | ||||||
Raw materials and supplies
|
10,215 |
13,694
|
||||||
¥ | 29,836 |
31,027
|
Yen (Millions)
|
||||||||||||||||
March 31, 2012
|
||||||||||||||||
Acquisition
cost
|
Gross
unrealized gains
|
Gross
unrealized losses
|
Fair value
|
|||||||||||||
Noncurrent:
|
||||||||||||||||
Available-for-sale:
|
||||||||||||||||
Equity securities
|
¥ | 3,422 | 2,248 | 191 | 5,479 | |||||||||||
Yen (Millions)
|
||||||||||||||||
September 30, 2012
|
||||||||||||||||
Acquisition
cost
|
Gross
unrealized gains
|
Gross
unrealized losses
|
Fair value
|
|||||||||||||
Noncurrent:
|
||||||||||||||||
Available-for-sale:
|
||||||||||||||||
Equity securities
|
¥ | 3,005 | 1,278 | 40 | 4,243 |
Yen (Millions)
|
||||||||||||||||
March 31, 2012
|
||||||||||||||||
Less than 12 months
|
12 months or longer
|
|||||||||||||||
Fair value
|
Gross
unrealized
losses
|
Fair value
|
Gross
unrealized
losses
|
|||||||||||||
Noncurrent:
|
||||||||||||||||
Available-for-sale:
|
||||||||||||||||
Equity securities
|
¥ | 825 | 178 | 179 | 13 |
Yen (Millions)
|
||||||||||||||||
September 30, 2012
|
||||||||||||||||
Less than 12 months
|
12 months or longer
|
|||||||||||||||
Fair value
|
Gross
unrealized
losses
|
Fair value
|
Gross
unrealized
losses
|
|||||||||||||
Noncurrent:
|
||||||||||||||||
Available-for-sale:
|
||||||||||||||||
Equity securities
|
¥ | 1,187 | 25 | 170 | 15 |
Yen (Millions) | ||||||||||||||
March 31, 2012 |
September 30, 2012
|
|||||||||||||
Balance Sheet Location
|
Fair Value
|
Balance Sheet Location
|
Fair Value
|
|||||||||||
Assets
|
||||||||||||||
Foreign exchange contracts
|
Other current assets | ¥ | 21 |
Other current assets
|
7 | |||||||||
Liabilities
|
||||||||||||||
Foreign exchange contracts
|
Other current liabilities | ¥ | 0 |
Other current liabilities
|
2 |
Yen (Millions)
|
||||||||
Amount of gain (loss)
recognized in OCI on derivatives
(effective portion)
|
||||||||
Six months ended
September 30, 2011 |
Six months ended
September 30, 2012 |
|||||||
Foreign exchange contracts
|
¥ | (65 | ) | - |
Yen (Millions)
|
||||||||
Amount of gain (loss)
recognized in OCI on derivatives
(effective portion)
|
||||||||
Three months ended
September 30, 2011 |
Three months ended
September 30, 2012 |
|||||||
Foreign exchange contracts
|
¥ | (65 | ) | - |
Yen (Millions)
|
|||||||||
Location of gain (loss)
recognized in |
Amount of gain (loss) recognized in
income on derivatives
|
||||||||
income on derivatives |
Six months ended
September 30, 2011 |
Six months ended
September 30, 2012 |
|||||||
Foreign exchange contracts
|
Other income (expense)
|
¥ | 601 | 6 |
Yen (Millions)
|
|||||||||
Location of gain (loss)
recognized in |
Amount of gain (loss) recognized in
income on derivatives
|
||||||||
income on derivatives |
Three months ended
September 30, 2011 |
Three months ended
September 30, 2012 |
|||||||
Foreign exchange contracts
|
Other income (expense)
|
¥ | (130) | 23 |
Yen (Millions)
|
||||||||||||||||
March 31, 2012
|
September 30, 2012
|
|||||||||||||||
Carrying
amount
|
Fair
value
|
Carrying
amount
|
Fair
value
|
|||||||||||||
Financial assets:
|
||||||||||||||||
Investment securities
|
||||||||||||||||
Available-for-sale securities
|
¥ | 5,479 | 5,479 | 4,243 | 4,243 | |||||||||||
Foreign exchange contracts
|
21 | 21 | 7 | 7 | ||||||||||||
Financial liabilities:
|
||||||||||||||||
Foreign exchange contracts
|
0 | 0 | 2 | 2 | ||||||||||||
Corporate bonds
|
- | - | 25,000 | 25,021 |
Yen (Millions)
|
||||||||||||||||
Fair Value Measurements
at March 31, 2012
|
||||||||||||||||
Total
|
Level 1
|
Level 2
|
Level 3
|
|||||||||||||
Assets
|
||||||||||||||||
Available-for-sale equity securities
|
¥ | 5,479 | 5,479 | - | - | |||||||||||
Foreign exchange contracts
|
21 | - | 21 | - | ||||||||||||
Total assets measured at fair value
|
5,500 | 5,479 | 21 | - | ||||||||||||
Liabilities
|
||||||||||||||||
Foreign exchange contracts
|
0 | - | 0 | - | ||||||||||||
Total liabilities measured at fair value
|
¥ | 0 | - | 0 | - |
Yen (Millions)
|
||||||||||||||||
Fair Value Measurements
at September 30, 2012
|
||||||||||||||||
Total
|
Level 1
|
Level 2
|
Level 3
|
|||||||||||||
Assets
|
||||||||||||||||
Available-for-sale equity securities
|
¥ | 4,243 | 4,243 | - | - | |||||||||||
Foreign exchange contracts
|
7 | - | 7 | - | ||||||||||||
Total assets measured at fair value
|
4,250 | 4,243 | 7 | - | ||||||||||||
Liabilities
|
||||||||||||||||
Foreign exchange contracts
|
2 | - | 2 | - | ||||||||||||
Total liabilities measured at fair value
|
¥ | 2 | - | 2 | - |
Yen (Millions)
|
||||||||||||||||
Fair Value Measurements
at March 31, 2012
|
||||||||||||||||
Total
|
Level 1
|
Level 2
|
Level 3
|
|||||||||||||
Assets
|
||||||||||||||||
Non-marketable equity securities
|
¥ | 400 | - | 400 | 0 | |||||||||||
Assets held for sale
|
1,471 | - | - | 1,471 | ||||||||||||
Total assets measured at fair value
|
¥ | 1,871 | - | 400 | 1,471 |
Yen (Millions)
|
||||||||
March 31, 2012
|
September 30, 2012
|
|||||||
Unsecured borrowing, with weighted average annual interest 0.38%
|
¥ | 25,000 | - | |||||
¥ | 25,000 | - |
Amount
|
Interest rate
|
Maturity date
|
||
¥10,000 million
|
0.416% per annum
|
May 25, 2015
|
||
¥15,000 million
|
0.606% per annum
|
May 25, 2017
|
Yen (Millions)
|
||||||||||||||||
Six months ended
|
||||||||||||||||
September 30, 2011
|
September 30, 2012
|
|||||||||||||||
Japanese
Plans
|
Non-Japanese
Plans
|
Japanese
Plans
|
Non-Japanese
Plans
|
|||||||||||||
Service cost
|
¥ | 676 | 93 | 740 | 171 | |||||||||||
Interest cost
|
375 | 98 | 345 | 167 | ||||||||||||
Expected return on plan assets
|
(203 | ) | (83 | ) | (150 | ) | (131 | ) | ||||||||
Amortization of unrecognized:
|
||||||||||||||||
Net actuarial (gain) or loss
|
256 |
–
|
395 | 116 | ||||||||||||
Prior service (benefit) cost
|
(88 | ) |
–
|
(84 | ) |
–
|
||||||||||
Net periodic benefit cost
|
¥ | 1,016 | 108 | 1,246 | 323 |
Yen (Millions)
|
||||||||||||||||
Three months ended
|
||||||||||||||||
September 30, 2011
|
September 30, 2012
|
|||||||||||||||
Japanese
Plans
|
Non-Japanese
Plans
|
Japanese
Plans
|
Non-Japanese
Plans
|
|||||||||||||
Service cost
|
¥ | 338 | 81 | 368 | 87 | |||||||||||
Interest cost
|
188 | 98 | 173 | 82 | ||||||||||||
Expected return on plan assets
|
(102 | ) | (83 | ) | (75 | ) | (65 | ) | ||||||||
Amortization of unrecognized:
|
||||||||||||||||
Net actuarial (gain) or loss
|
128 |
–
|
197 | 58 | ||||||||||||
Prior service (benefit) cost
|
(44 | ) |
–
|
(42 | ) |
–
|
||||||||||
Net periodic benefit cost
|
¥ | 508 | 96 | 621 | 162 |
Yen (Millions) | ||||||||
Six months ended
|
||||||||
September 30, 2011
|
September 30, 2012
|
|||||||
Balance at beginning of period
|
¥ | 1,754 | 2,129 | |||||
Acquisition of Verigy
|
205 |
–
|
||||||
Addition
|
1,643 | 1,583 | ||||||
Reduction
|
(1,397 | ) | (1,600 | ) | ||||
Translation adjustments
|
(12 | ) | (18 | ) | ||||
Balance at end of period
|
¥ | 2,193 | 2,094 |
Yen (Millions)
|
||||||||||||||||||||
Six months ended September 30, 2011
|
||||||||||||||||||||
Semiconductor
and Component
Test System
Business
|
Mechatronics
System
Business
|
Services,
Support and
Others
|
Elimination
and Corporate
|
Total
|
||||||||||||||||
Net sales to unaffiliated customers
|
¥ | 46,664 | 10,041 | 7,755 |
-
|
64,460 | ||||||||||||||
Inter-segment sales
|
3,038 | 34 |
-
|
(3,072 | ) |
-
|
||||||||||||||
Net sales
|
49,702 | 10,075 | 7,755 | (3,072 | ) | 64,460 | ||||||||||||||
Operating income (loss) before stock option compensation expense
|
4,144 | (321 | ) | 128 | (6,016 | ) | (2,065 | ) | ||||||||||||
Adjustment:
|
||||||||||||||||||||
Stock option compensation expense
|
218 | |||||||||||||||||||
Operating income (loss)
|
¥ | (2,283 | ) |
Yen (Millions)
|
||||||||||||||||||||
Six months ended September 30, 2012
|
||||||||||||||||||||
Semiconductor
and Component
Test System
Business
|
Mechatronics
System
Business
|
Services,
Support and
Others
|
Elimination
and Corporate
|
Total
|
||||||||||||||||
Net sales to unaffiliated customers
|
¥ | 55,276 | 7,631 | 9,651 |
-
|
72,558 | ||||||||||||||
Inter-segment sales
|
1,162 | 543 |
-
|
(1,705 | ) |
-
|
||||||||||||||
Net sales
|
56,438 | 8,174 | 9,651 | (1,705 | ) | 72,558 | ||||||||||||||
Operating income (loss) before stock option compensation expense
|
9,010 | (1,956 | ) | 254 | (3,648 | ) | 3,660 | |||||||||||||
Adjustment:
|
||||||||||||||||||||
Stock option compensation expense
|
291 | |||||||||||||||||||
Operating income (loss)
|
¥ | 3,369 |
Yen (Millions)
|
||||||||||||||||||||
Three months ended September 30, 2011
|
||||||||||||||||||||
Semiconductor
and Component
Test System
Business
|
Mechatronics
System
Business
|
Services,
Support and
Others
|
Elimination
and Corporate
|
Total
|
||||||||||||||||
Net sales to unaffiliated customers
|
¥ | 26,706 | 6,058 | 4,848 |
-
|
37,612 | ||||||||||||||
Inter-segment sales
|
2,851 | 1 |
-
|
(2,852 | ) |
-
|
||||||||||||||
Net sales
|
29,557 | 6,059 | 4,848 | (2,852 | ) | 37,612 | ||||||||||||||
Operating income (loss) before stock option compensation expense
|
1,541 | (127 | ) | (247 | ) | (4,016 | ) | (2,849 | ) | |||||||||||
Adjustment:
|
||||||||||||||||||||
Stock option compensation expense
|
218 | |||||||||||||||||||
Operating income (loss)
|
¥ | (3,067 | ) |
Yen (Millions)
|
||||||||||||||||||||
Three months ended September 30, 2012
|
||||||||||||||||||||
Semiconductor
and Component
Test System
Business
|
Mechatronics
System
Business
|
Services,
Support and
Others
|
Elimination
and Corporate
|
Total
|
||||||||||||||||
Net sales to unaffiliated customers
|
¥ | 29,755 | 4,392 | 5,056 |
-
|
39,203 | ||||||||||||||
Inter-segment sales
|
801 | 437 |
-
|
(1,238 | ) |
-
|
||||||||||||||
Net sales
|
30,556 | 4,829 | 5,056 | (1,238 | ) | 39,203 | ||||||||||||||
Operating income (loss) before stock option compensation expense
|
5,665 | (809 | ) | 228 | (2,180 | ) | 2,904 | |||||||||||||
Adjustment:
|
||||||||||||||||||||
Stock option compensation expense
|
291 | |||||||||||||||||||
Operating income (loss)
|
¥ | 2,613 |
Yen (Millions)
except share and per share data
|
||||||||
Six months ended
|
Six months ended
|
|||||||
September 30, 2011
|
September 30, 2012
|
|||||||
Numerator:
|
||||||||
Net income (loss)
|
¥ | (4,539 | ) | 1,519 | ||||
Denominator:
|
||||||||
Basic weighted average shares of common stock outstanding
|
173,271,864 | 173,304,731 | ||||||
Dilutive effect of exercise of stock options
|
-
|
211,401 | ||||||
Diluted weighted average shares of common stock outstanding
|
173,271,864 | 173,516,132 | ||||||
Basic net income (loss) per share
|
¥ | (26.20 | ) | 8.76 | ||||
Diluted net income (loss) per share
|
¥ | (26.20 | ) | 8.75 |
Yen (Millions)
except share and per share data
|
||||||||
Three months ended
|
Three months ended
|
|||||||
September 30, 2011
|
September 30, 2012
|
|||||||
Numerator:
|
||||||||
Net income (loss)
|
¥ | (4,885 | ) | 1,096 | ||||
Denominator:
|
||||||||
Basic weighted average shares of common stock outstanding
|
173,271,836 | 173,333,843 | ||||||
Dilutive effect of exercise of stock options
|
-
|
152,819 | ||||||
Diluted weighted average shares of common stock outstanding
|
173,271,836 | 173,486,662 | ||||||
Basic net income (loss) per share
|
¥ | (28.19 | ) | 6.32 | ||||
Diluted net income (loss) per share
|
¥ | (28.19 | ) | 6.32 |