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1.
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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 February 14, 2013.
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2.
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English-language translation of the registrant’s Quarterly Consolidated Financial Statements for the fiscal third quarter ended December 31, 2012, filed with the Director-General of the Kanto Local Finance Bureau as part of the registrant’s Quarterly Report.
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Advantest Corporation | ||||
By: | /s/ Hiroshi Nakamura | |||
Name: | Hiroshi Nakamura | |||
Title: | Director, Managing Executive Officer | |||
I.
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Corporate Information
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1.
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Corporate Overview
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·
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Significant financial indices
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·
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Business overview
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2.
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Business Information
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·
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Risk factors
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·
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Material agreements
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·
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Operating and financial review and prospects
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3.
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Company Data
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·
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Share information
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-
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Total number of shares
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-
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Stock acquisition rights
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-
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Bonds with stock acquisition rights with contingently adjustable exercise price (none)
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-
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Rights plan (none)
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-
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Number of shares outstanding, changes in capital stock
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-
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Major shareholders
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-
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Voting rights
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·
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Changes in directors and corporate auditors
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4.
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Financial information
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·
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Consolidated financial statements (Unaudited)
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·
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Others
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ADVANTEST CORPORATION
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||||||||
AND SUBSIDIARIES
|
||||||||
Consolidated Balance Sheets (Unaudited)
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||||||||
Yen (Millions)
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||||||||
Assets
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March 31, 2012
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December 31, 2012
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||||||
Current assets:
|
||||||||
Cash and cash equivalents
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¥ | 58,218 | 43,610 | |||||
Trade receivables, net
|
24,119 | 23,226 | ||||||
Inventories
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29,836 | 34,629 | ||||||
Other current assets
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6,522 | 8,372 | ||||||
Total current assets
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118,695 | 109,837 | ||||||
Investment securities
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5,929 | 5,090 | ||||||
Property, plant and equipment, net of accumulated
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34,206 | 39,281 | ||||||
depreciation of 39,386 million yen and 40,633 million yen,
|
||||||||
as of March 31, 2012 and December 31, 2012, respectively
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||||||||
Intangible assets, net of accumulated
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15,794 | 15,134 | ||||||
amortization of 3,380 million yen and 5,151 million yen,
|
||||||||
as of March 31, 2012 and December 31, 2012, respectively
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||||||||
Goodwill
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36,496 | 38,411 | ||||||
Other assets
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8,106 | 8,340 | ||||||
Total assets
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¥ | 219,226 | 216,093 |
ADVANTEST CORPORATION
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AND SUBSIDIARIES
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Consolidated Balance Sheets (Unaudited)
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Yen (Millions)
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||||||||
Liabilities and Stockholders’ Equity
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March 31, 2012
|
December 31, 2012
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||||||
Current liabilities:
|
||||||||
Trade accounts payable
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¥ | 15,659 | 11,892 | |||||
Short term debt
|
25,000 | — | ||||||
Accrued expenses
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12,068 | 6,846 | ||||||
Accrued warranty expenses
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2,129 | 1,934 | ||||||
Customer prepayments
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2,228 | 2,424 | ||||||
Other current liabilities
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3,288 | 5,904 | ||||||
Total current liabilities
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60,372 | 29,000 | ||||||
Corporate bonds
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— | 25,000 | ||||||
Accrued pension and severance costs
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23,444 | 24,045 | ||||||
Other liabilities
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3,858 | 3,639 | ||||||
Total liabilities
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87,674 | 81,684 | ||||||
Commitments and contingent liabilities
|
||||||||
Stockholders’ equity:
|
||||||||
Common stock,
|
||||||||
Authorized 440,000,000 shares; issued 199,566,770 shares
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32,363 | 32,363 | ||||||
Capital surplus
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42,280 | 42,634 | ||||||
Retained earnings
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179,081 | 172,930 | ||||||
Accumulated other comprehensive income (loss)
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(22,574 | ) | (15,199 | ) | ||||
Treasury stock, 26,295,390 shares and 25,958,093 shares
|
||||||||
as of March 31, 2012 and December 31, 2012, respectively
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(99,598 | ) | (98,319 | ) | ||||
Total stockholders’ equity
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131,552 | 134,409 | ||||||
Total liabilities and stockholders’ equity
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¥ | 219,226 | 216,093 |
ADVANTEST CORPORATION
|
||||||||
AND SUBSIDIARIES
|
||||||||
Consolidated Statements of Operations (Unaudited)
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||||||||
Yen (Millions)
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||||||||
Nine months ended
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Nine months ended
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|||||||
December 31, 2011
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December 31, 2012
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|||||||
Net sales
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¥ | 95,155 | 97,186 | |||||
Cost of sales
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51,498 | 46,049 | ||||||
Gross profit
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43,657 | 51,137 | ||||||
Research and development expenses
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21,512 | 24,200 | ||||||
Selling, general and administrative expenses
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27,468 | 26,113 | ||||||
Operating income (loss)
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(5,323 | ) | 824 | |||||
Other income (expense):
|
||||||||
Interest and dividend income
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291 | 159 | ||||||
Interest expense
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(110 | ) | (97 | ) | ||||
Other, net
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(2,947 | ) | (778 | ) | ||||
Total other income (expense)
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(2,766 | ) | (716 | ) | ||||
Income (loss) before income taxes and equity
|
||||||||
in earnings (loss) of affiliated company
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(8,089 | ) | 108 | |||||
Income tax expense (benefit)
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(358 | ) | 2,059 | |||||
Equity in earnings (loss) of affiliated company
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(1 | ) | 34 | |||||
Net income (loss)
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¥ | (7,732 | ) | (1,917 | ) | |||
Yen
|
||||||||
Nine months ended
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Nine months ended
|
|||||||
December 31, 2011
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December 31, 2012
|
|||||||
Net income (loss) per share:
|
||||||||
Basic
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¥ | (44.62 | ) | (11.05 | ) | |||
Diluted
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(44.62 | ) | (11.05 | ) |
ADVANTEST CORPORATION
|
||||||||
AND SUBSIDIARIES
|
||||||||
Consolidated Statements of Operations (Unaudited)
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Yen (Millions)
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||||||||
Three months ended
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Three months ended
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|||||||
December 31, 2011
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December 31, 2012
|
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Net sales
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¥ | 30,695 | 24,628 | |||||
Cost of sales
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17,299 | 11,551 | ||||||
Gross profit
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13,396 | 13,077 | ||||||
Research and development expenses
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7,688 | 7,526 | ||||||
Selling, general and administrative expenses
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8,748 | 8,096 | ||||||
Operating income (loss)
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(3,040 | ) | (2,545 | ) | ||||
Other income (expense):
|
||||||||
Interest and dividend income
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106 | 68 | ||||||
Interest expense
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(44 | ) | (37 | ) | ||||
Other, net
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(438 | ) | (495 | ) | ||||
Total other income (expense)
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(376 | ) | (464 | ) | ||||
Income (loss) before income taxes and equity
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||||||||
in earnings (loss) of affiliated company
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(3,416 | ) | (3,009 | ) | ||||
Income tax expense (benefit)
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(189 | ) | 431 | |||||
Equity in earnings of affiliated company
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34 | 4 | ||||||
Net income (loss)
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¥ | (3,193 | ) | (3,436 | ) | |||
Yen
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||||||||
Three months ended
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Three months ended
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|||||||
December 31, 2011
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December 31, 2012
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Net income (loss) per share:
|
||||||||
Basic
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¥ | (18.43 | ) | (19.80 | ) | |||
Diluted
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(18.43 | ) | (19.80 | ) |
ADVANTEST CORPORATION
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AND SUBSIDIARIES
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Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
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Yen (Millions)
|
||||||||
Nine months ended
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Nine months ended
|
|||||||
December 31, 2011
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December 31, 2012
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|||||||
Comprehensive income (loss)
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Net income (loss)
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¥ | (7,732 | ) | (1,917 | ) | |||
Other comprehensive income (loss), net of tax
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||||||||
Foreign currency translation adjustments
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(4,975 | ) | 7,345 | |||||
Net unrealized gains (losses) on investment securities:
|
||||||||
Net unrealized gains (losses) arising
|
||||||||
during the period
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(1,076 | ) | (605 | ) | ||||
Less reclassification adjustments for net
|
||||||||
gains (losses) realized in earnings
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813 | 251 | ||||||
Net unrealized gains (losses)
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(263 | ) | (354 | ) | ||||
Pension related adjustments
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165 | 384 | ||||||
Net unrealized gains (losses) on derivative instruments
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(63 | ) | - | |||||
Total other comprehensive income (loss)
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(5,136 | ) | 7,375 | |||||
Total comprehensive income (loss)
|
¥ | (12,868 | ) | 5,458 | ||||
Yen (Millions)
|
||||||||
Three months ended
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Three months ended
|
|||||||
December 31, 2011
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December 31, 2012
|
|||||||
Comprehensive income (loss)
|
||||||||
Net income (loss)
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¥ | (3,193 | ) | (3,436 | ) | |||
Other comprehensive income (loss), net of tax
|
||||||||
Foreign currency translation adjustments
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1,109 | 13,201 | ||||||
Net unrealized gains (losses) on investment securities:
|
||||||||
Net unrealized gains (losses) arising
|
||||||||
during the period
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54 | 208 | ||||||
Less reclassification adjustments for net
|
||||||||
gains (losses) realized in earnings
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128 | - | ||||||
Net unrealized gains (losses)
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182 | 208 | ||||||
Pension related adjustments
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11 | (23 | ) | |||||
Net unrealized gains (losses) on derivative instruments
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2 | - | ||||||
Total other comprehensive income (loss)
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1,304 | 13,386 | ||||||
Total comprehensive income (loss)
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¥ | (1,889 | ) | 9,950 |
ADVANTEST CORPORATION
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||||||||
AND SUBSIDIARIES
|
||||||||
Consolidated Statements of Cash Flows (Unaudited)
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||||||||
Yen (Millions)
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||||||||
Nine months ended
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Nine months ended
|
|||||||
December 31, 2011
|
December 31, 2012
|
|||||||
Cash flows from operating activities:
|
||||||||
Net income (loss)
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¥ | (7,732 | ) | (1,917 | ) | |||
Adjustments to reconcile net income (loss) to net cash
|
||||||||
provided by (used in) operating activities:
|
||||||||
Depreciation and amortization
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4,958 | 5,828 | ||||||
Deferred income taxes
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(1,186 | ) | (449 | ) | ||||
Stock option compensation expense
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408 | 581 | ||||||
Impairment losses on investment securities
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1,454 | 388 | ||||||
Changes in assets and liabilities:
|
||||||||
Trade receivables
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6,202 | 2,201 | ||||||
Inventories
|
444 | (3,980 | ) | |||||
Trade accounts payable
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(325 | ) | (4,624 | ) | ||||
Accrued expenses
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(2,308 | ) | (5,296 | ) | ||||
Accrued pension and severance costs
|
179 | 952 | ||||||
Other
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3,240 | 2,980 | ||||||
Net cash provided by (used in) operating activities
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5,334 | (3,336 | ) | |||||
Cash flows from investing activities:
|
||||||||
(Increase) decrease in short-term investments
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14,375 | - | ||||||
Proceeds from sale of available-for-sale securities
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10,262 | - | ||||||
Acquisition of subsidiary, net of cash acquired
|
(57,145 | ) | - | |||||
Proceeds from sale of property, plant and equipment
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67 | 30 | ||||||
Purchases of property, plant and equipment
|
(4,303 | ) | (9,527 | ) | ||||
Purchases of intangible assets
|
(234 | ) | (323 | ) | ||||
Other
|
34 | 201 | ||||||
Net cash provided by (used in) investing activities
|
(36,944 | ) | (9,619 | ) | ||||
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
|
(13,742 | ) | - | |||||
Dividends paid
|
(1,678 | ) | (3,356 | ) | ||||
Other
|
(12 | ) | 334 | |||||
Net cash provided by (used in) financing activities
|
25,714 | (3,022 | ) | |||||
Net effect of exchange rate changes on cash and cash equivalents
|
(4,037 | ) | 1,369 | |||||
Net change in cash and cash equivalents
|
(9,933 | ) | (14,608 | ) | ||||
Cash and cash equivalents at beginning of period
|
75,323 | 58,218 | ||||||
Cash and cash equivalents at end of period
|
¥ | 65,390 | 43,610 |
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
(1)
|
Accounting Principles, Procedures and the Presentation of the Consolidated Financial Statements
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(a)
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Terminology, Form and Method of Preparation of the Consolidated Financial Statements
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(b)
|
Preparation of the Consolidated Financial Statements and Registration with the U.S. Securities and Exchange Commission
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(c)
|
Significant differences from the preparation of financial statements under Japanese GAAP
|
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
(2)
|
Description of Business and Summary of Significant Accounting Policies and Practices
|
|
(a)
|
Description of Business
|
|
(b)
|
Accounting Changes and Accounting Standards Not Yet Adopted
|
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
|
(c)
|
Reclassification
|
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
(3)
|
Business Combinations
|
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
|
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
Yen (Millions)
|
|
Nine months ended
December 31, 2011
|
|
Pro forma net sales
|
104,001
|
Pro forma income (loss) before income taxes
|
(6,798)
|
(4)
|
Inventories
|
Yen (Millions)
|
||||||||
March 31, 2012
|
December 31, 2012
|
|||||||
Finished goods
|
¥ | 8,318 | 8,000 | |||||
Work in process
|
11,303 | 12,238 | ||||||
Raw materials and supplies
|
10,215 | 14,391 | ||||||
¥ | 29,836 | 34,629 |
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
(5)
|
Investment Securities
|
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)
|
||||||||||||||||
December 31, 2012
|
||||||||||||||||
Acquisition
cost
|
Gross
unrealized gains
|
Gross
unrealized losses
|
Fair value
|
|||||||||||||
Noncurrent:
|
||||||||||||||||
Available-for-sale:
|
||||||||||||||||
Equity securities
|
¥ | 3,086 | 1,606 | 52 | 4,640 |
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
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)
|
||||||||||||||||
December 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
|
¥ | 473 | 33 | 167 | 19 |
(6)
|
Derivative Financial Instruments
|
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
Yen (Millions)
|
||||||||||||||||
March 31, 2012
|
December 31, 2012
|
|||||||||||||||
Balance Sheet
Location
|
Fair Value
|
Balance Sheet
Location
|
Fair Value
|
|||||||||||||
Assets
|
||||||||||||||||
Foreign exchange contracts
|
Other current assets | ¥ | 21 | Other current assets | 16 | |||||||||||
Liabilities
|
||||||||||||||||
Foreign exchange contracts
|
Other current liabilities | ¥ | 0 | Other current liabilities | 29 |
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
Yen (Millions)
|
||||||||||||
Location of
gain (loss)
recognized in
income on
derivatives
|
Amount of gain (loss) recognized in
income on derivatives
|
|||||||||||
Nine months ended
December 31, 2011
|
Nine months ended
December 31, 2012
|
|||||||||||
Foreign exchange contracts | Other income (expense) | ¥ | 607 | (62 | ) |
Yen (Millions)
|
||||||||||||
Location of
gain (loss)
recognized in
income on
derivatives
|
Amount of gain (loss) recognized in
income on derivatives
|
|||||||||||
Three months ended
December 31, 2011
|
Three months ended
December 31, 2012
|
|||||||||||
Foreign exchange contracts | Other income (expense) | ¥ | 5 | (68 | ) |
(7)
|
Fair Value Measurement
|
Yen (Millions)
|
||||||||||||||||
March 31, 2012
|
December 31, 2012
|
|||||||||||||||
Carrying
amount
|
Fair
value
|
Carrying
amount
|
Fair
value
|
|||||||||||||
Financial assets:
|
||||||||||||||||
Investment securities
|
||||||||||||||||
Available-for-sale securities
|
¥ | 5,479 | 5,479 | 4,640 | 4,640 | |||||||||||
Foreign exchange contracts
|
21 | 21 | 16 | 16 | ||||||||||||
Financial liabilities:
|
||||||||||||||||
Foreign exchange contracts
|
0 | 0 | 29 | 29 | ||||||||||||
Corporate bonds
|
- | - | 25,000 | 25,001 |
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
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 December 31, 2012
|
||||||||||||||||
Total
|
Level 1
|
Level 2
|
Level 3
|
|||||||||||||
Assets
|
||||||||||||||||
Available-for-sale equity securities
|
¥ | 4,640 | 4,640 | - | - | |||||||||||
Foreign exchange contracts
|
16 | - | 16 | - | ||||||||||||
Total assets measured at fair value
|
4,656 | 4,640 | 16 | - | ||||||||||||
Liabilities
|
||||||||||||||||
Foreign exchange contracts
|
29 | - | 29 | - | ||||||||||||
Total liabilities measured at fair value
|
¥ | 29 | - | 29 | - |
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
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 |
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
(8)
|
Short Term Debt and Corporate Bonds
|
Yen (Millions)
|
||||||||
March 31, 2012
|
December 31, 2012
|
|||||||
Unsecured borrowings
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
|
(9)
|
Income Taxes
|
(10)
|
Stock-Based Compensation
|
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
Yen (Millions)
|
||||||||||||||||
Nine months ended
|
||||||||||||||||
December 31, 2011
|
December 31, 2012
|
|||||||||||||||
Japanese
Plans
|
Non-Japanese
Plans
|
Japanese
Plans
|
Non-Japanese
Plans
|
|||||||||||||
Service cost
|
¥ | 1,011 | 175 | 1,113 | 291 | |||||||||||
Interest cost
|
562 | 169 | 517 | 253 | ||||||||||||
Expected return on plan assets
|
(304 | ) | (167 | ) | (225 | ) | (198 | ) | ||||||||
Amortization of unrecognized:
|
||||||||||||||||
Net actuarial (gain) or loss
|
384 |
-
|
593 | 175 | ||||||||||||
Prior service (benefit) cost
|
(132 | ) |
-
|
(126 | ) |
-
|
||||||||||
Others
|
(18 | ) |
-
|
-
|
-
|
|||||||||||
Net periodic benefit cost
|
¥ |
1,503
|
177 | 1,872 | 521 |
Yen (Millions)
|
||||||||||||||||
Three months ended
|
||||||||||||||||
December 31, 2011
|
December 31, 2012
|
|||||||||||||||
Japanese
Plans
|
Non-Japanese
Plans
|
Japanese
Plans
|
Non-Japanese
Plans
|
|||||||||||||
Service cost
|
¥ | 335 | 82 | 373 | 120 | |||||||||||
Interest cost
|
187 | 71 | 172 | 86 | ||||||||||||
Expected return on plan assets
|
(101 | ) | (84 | ) | (75 | ) | (67 | ) | ||||||||
Amortization of unrecognized:
|
||||||||||||||||
Net actuarial (gain) or loss
|
128 |
-
|
198 | 59 | ||||||||||||
Prior service (benefit) cost
|
(44 | ) |
-
|
(42 | ) |
-
|
||||||||||
Others
|
(18 | ) |
-
|
-
|
-
|
|||||||||||
Net periodic benefit cost
|
¥ |
487
|
69 | 626 | 198 |
(12)
|
Dividends
|
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
(13)
|
Accrued Warranty Expenses
|
Yen (Millions)
|
||||||||
Nine months ended
|
||||||||
December 31, 2011
|
December 31, 2012
|
|||||||
Balance at beginning of period
|
¥ | 1,754 | 2,129 | |||||
Acquisition of Verigy
|
205 |
-
|
||||||
Addition
|
2,494 | 2,268 | ||||||
Reduction
|
(2,292 | ) | (2,491 | ) | ||||
Translation adjustments
|
(10 | ) | 28 | |||||
Balance at end of period
|
¥ | 2,151 | 1,934 |
(14)
|
Other income (expense)
|
(15)
|
Operating Segment Information
|
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
Yen (Millions)
|
||||||||||||||||||||
Nine months ended December 31, 2011
|
||||||||||||||||||||
Semiconductor
and Component
Test System
Business
|
Mechatronics
System
Business
|
Services,
Support and
Others
|
Elimination
and Corporate
|
Total
|
||||||||||||||||
Net sales to unaffiliated customers
|
¥ | 67,016 | 14,513 | 13,626 |
-
|
95,155 | ||||||||||||||
Inter-segment sales
|
3,267 | 36 |
-
|
(3,303 | ) |
-
|
||||||||||||||
Net sales
|
70,283 | 14,549 | 13,626 | (3,303 | ) | 95,155 | ||||||||||||||
Operating income (loss) before stock option compensation expense
|
1,667 | (736 | ) | 1,149 | (6,995 | ) | (4,915 | ) | ||||||||||||
Adjustment:
|
||||||||||||||||||||
Stock option compensation expense
|
408 | |||||||||||||||||||
Operating income (loss)
|
¥ |
(5,323)
|
Yen (Millions)
|
||||||||||||||||||||
Nine months ended December 31, 2012
|
||||||||||||||||||||
Semiconductor
and Component
Test System
Business
|
Mechatronics
System
Business
|
Services,
Support and
Others
|
Elimination
and Corporate
|
Total
|
||||||||||||||||
Net sales to unaffiliated customers
|
¥ | 72,505 | 10,122 | 14,559 |
-
|
97,186 | ||||||||||||||
Inter-segment sales
|
1,283 | 543 |
-
|
(1,826 | ) |
-
|
||||||||||||||
Net sales
|
73,788 | 10,665 | 14,559 | (1,826 | ) | 97,186 | ||||||||||||||
Operating income (loss) before stock option compensation expense
|
9,027 | (3,135 | ) | 488 | (4,975 | ) | 1,405 | |||||||||||||
Adjustment:
|
||||||||||||||||||||
Stock option compensation expense
|
581 | |||||||||||||||||||
Operating income (loss)
|
¥ |
824
|
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
Yen (Millions)
|
||||||||||||||||||||
Three months ended December 31, 2011
|
||||||||||||||||||||
Semiconductor
and Component Test System Business |
Mechatronics
System Business |
Services,
Support and Others |
Elimination
and Corporate |
Total
|
||||||||||||||||
Net sales to unaffiliated customers
|
¥ | 20,352 | 4,472 | 5,871 |
-
|
30,695 | ||||||||||||||
Inter-segment sales
|
229 | 2 |
-
|
(231 | ) |
-
|
||||||||||||||
Net sales
|
20,581 | 4,474 | 5,871 | (231 | ) | 30,695 | ||||||||||||||
Operating income (loss) before stock option compensation expense
|
(2,477 | ) | (415 | ) | 1,021 | (979 | ) | (2,850 | ) | |||||||||||
Adjustment:
|
||||||||||||||||||||
Stock option compensation expense
|
190 | |||||||||||||||||||
Operating income (loss)
|
¥ |
(3,040)
|
Yen (Millions)
|
||||||||||||||||||||
Three months ended December 31, 2012
|
||||||||||||||||||||
Semiconductor
and Component Test System Business |
Mechatronics
System Business |
Services,
Support and Others |
Elimination
and Corporate |
Total
|
||||||||||||||||
Net sales to unaffiliated customers
|
¥ | 17,229 | 2,491 | 4,908 |
-
|
24,628 | ||||||||||||||
Inter-segment sales
|
121 |
-
|
-
|
(121 | ) |
-
|
||||||||||||||
Net sales
|
17,350 | 2,491 | 4,908 | (121 | ) | 24,628 | ||||||||||||||
Operating income (loss) before stock option compensation expense
|
17 | (1,179 | ) | 234 | (1,327 | ) | (2,255 | ) | ||||||||||||
Adjustment:
|
||||||||||||||||||||
Stock option compensation expense
|
290 | |||||||||||||||||||
Operating income (loss)
|
¥ |
(2,545)
|
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |
(16)
|
Per Share Data
|
Yen (Millions)
except share and per share data
|
||||||||
Nine months ended
|
Nine months ended
|
|||||||
December 31, 2011
|
December 31, 2012
|
|||||||
Numerator:
|
||||||||
Net income (loss)
|
¥ | (7,732 | ) | (1,917 | ) | |||
Denominator:
|
||||||||
Basic weighted average shares of common stock outstanding
|
173,271,828 | 173,382,196 | ||||||
Dilutive effect of exercise of stock options
|
-
|
-
|
||||||
Diluted weighted average shares of common stock outstanding
|
173,271,828 | 173,382,196 | ||||||
Basic net income (loss) per share
|
¥ | (44.62 | ) | (11.05 | ) | |||
Diluted net income (loss) per share
|
¥ | (44.62 | ) | (11.05 | ) | |||
Yen (Millions)
except share and per share data
|
||||||||
Three months ended
|
Three months ended
|
|||||||
December 31, 2011
|
December 31, 2012
|
|||||||
Numerator:
|
||||||||
Net income (loss)
|
¥ | (3,193 | ) | (3,436 | ) | |||
Denominator:
|
||||||||
Basic weighted average shares of common stock outstanding
|
173,271,756 | 173,536,283 | ||||||
Dilutive effect of exercise of stock options
|
-
|
-
|
||||||
Diluted weighted average shares of common stock outstanding
|
173,271,756 | 173,536,283 | ||||||
Basic net income (loss) per share
|
¥ | (18.43 | ) | (19.80 | ) | |||
Diluted net income (loss) per share
|
¥ | (18.43 | ) | (19.80 | ) | |||
ADVANTEST CORPORATION |
AND SUBSIDIARIES |
Notes to Consolidated Financial Statements (Unaudited) |