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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, 2014.
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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, 2013, 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 | |||
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By:
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/s/ Hiroshi Nakamura | |
Name: | Hiroshi Nakamura | ||
Title: |
Director, Managing Executive Officer
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||
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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Total number of shares
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-
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Stock acquisition rights (none)
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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 (none)
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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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II.
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Information on Guarantors (none)
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ADVANTEST CORPORATION
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|||||||||||
AND SUBSIDIARIES
|
|||||||||||
Consolidated Balance Sheets (Unaudited)
|
Yen (Millions)
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||||||||
Assets
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March 31, 2013
|
December 31, 2013
|
||||||
Current assets:
|
||||||||
Cash and cash equivalents
|
¥ | 45,668 | 42,121 | |||||
Trade receivables, net
|
26,953 | 12,504 | ||||||
Inventories
|
31,849 | 32,914 | ||||||
Other current assets
|
8,319 | 8,321 | ||||||
Total current assets
|
112,789 | 95,860 | ||||||
Investment securities
|
5,923 | 5,040 | ||||||
Property, plant and equipment, net of accumulated depreciation of 43,869 million yen and 46,469 million yen, as of March 31, 2013 and December 31, 2013, respectively
|
41,368 | 40,938 | ||||||
Intangible assets, net of accumulated amortization of 4,334 million yen and 1,346 million yen, as of March 31, 2013 and December 31, 2013, respectively
|
15,833 | 3,344 | ||||||
Goodwill
|
41,670 | 47,800 | ||||||
Other assets
|
7,932 | 10,316 | ||||||
Total assets
|
¥ | 225,515 | 203,298 |
The accompanying notes, together with the Notes to Consolidated Financial Statements included in Advantest’s Annual Report on Form 20-F for the year ended March 31, 2013 are an integral part of the consolidated financial statements.
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ADVANTEST CORPORATION
|
||||||||
AND SUBSIDIARIES
|
||||||||
Consolidated Balance Sheets (Unaudited)
|
||||||||
Yen (Millions)
|
||||||||
Liabilities and Stockholders’ Equity
|
March 31, 2013
|
December 31, 2013
|
||||||
Current liabilities:
|
||||||||
Trade accounts payable
|
¥ | 10,380 | 11,300 | |||||
Accrued expenses
|
7,910 | 6,893 | ||||||
Income taxes payable
|
1,436 | 909 | ||||||
Accrued warranty expenses
|
1,889 | 1,675 | ||||||
Customer prepayments
|
3,198 | 3,110 | ||||||
Other current liabilities
|
3,087 | 2,664 | ||||||
Total current liabilities
|
27,900 | 26,551 | ||||||
Corporate bonds
|
25,000 | 25,000 | ||||||
Accrued pension and severance costs
|
26,785 | 28,243 | ||||||
Other liabilities
|
4,589 | 3,273 | ||||||
Total liabilities
|
84,274 | 83,067 | ||||||
Commitments and contingent liabilities
|
||||||||
Stockholders’ equity:
|
||||||||
Common stock,
|
||||||||
Authorized 440,000,000 shares; issued 199,566,770 shares
|
32,363 | 32,363 | ||||||
Capital surplus
|
42,801 | 43,492 | ||||||
Retained earnings
|
170,626 | 132,133 | ||||||
Accumulated other comprehensive income (loss)
|
(6,929 | ) | 8,326 | |||||
Treasury stock, 25,773,688 shares and 25,368,364 shares as of March 31, 2013 and December 31, 2013, respectively
|
(97,620 | ) | (96,083 | ) | ||||
Total stockholders’ equity
|
141,241 | 120,231 | ||||||
Total liabilities and stockholders’ equity
|
¥ | 225,515 | 203,298 | |||||
The accompanying notes, together with the Notes to Consolidated Financial Statements included in Advantest’s Annual Report on Form 20-F for the year ended March 31, 2013 are an integral part of the consolidated financial statements.
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ADVANTEST CORPORATION
|
||||||||
AND SUBSIDIARIES
|
||||||||
Consolidated Statements of Operations (Unaudited)
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||||||||
Yen (Millions)
|
||||||||
Nine months ended
|
Nine months ended
|
|||||||
December 31, 2012
|
December 31, 2013
|
|||||||
Net sales
|
¥ | 97,186 | 79,251 | |||||
Cost of sales
|
46,049 | 45,913 | ||||||
Gross profit
|
51,137 | 33,338 | ||||||
Research and development expenses
|
24,200 | 25,294 | ||||||
Selling, general and administrative expenses
|
26,113 | 29,380 | ||||||
Impairment charge
|
— | 13,068 | ||||||
Operating income (loss)
|
824 | (34,404 | ) | |||||
Other income (expense):
|
||||||||
Interest and dividend income
|
159 | 169 | ||||||
Interest expense
|
(97 | ) | (104 | ) | ||||
Gain on sale of investment securities
|
— | 778 | ||||||
Other, net
|
(778 | ) | (760 | ) | ||||
Total other income (expense)
|
(716 | ) | 83 | |||||
Income (loss) before income taxes and equity in earnings of affiliated company
|
108 | (34,321 | ) | |||||
Income tax expense (benefit)
|
2,059 | (171 | ) | |||||
Equity in earnings of affiliated company
|
34 | 2 | ||||||
Net income (loss)
|
¥ | (1,917 | ) | (34,148 | ) |
Yen
|
||||||||
Nine months ended
|
Nine months ended
|
|||||||
December 31, 2012
|
December 31, 2013
|
|||||||
Net income (loss) per share:
|
||||||||
Basic
|
¥ | (11.05 | ) | (196.12 | ) | |||
Diluted
|
(11.05 | ) | (196.12 | ) |
The accompanying notes, together with the Notes to Consolidated Financial Statements included in Advantest’s Annual Report on Form 20-F for the year ended March 31, 2013 are an integral part of the consolidated financial statements.
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ADVANTEST CORPORATION
|
||||||||
AND SUBSIDIARIES
|
||||||||
Consolidated Statements of Operations (Unaudited)
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||||||||
Yen (Millions)
|
||||||||
Three months ended
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Three months ended
|
|||||||
December 31, 2012
|
December 31, 2013
|
|||||||
Net sales
|
¥ | 24,628 | 19,613 | |||||
Cost of sales
|
11,551 | 15,120 | ||||||
Gross profit
|
13,077 | 4,493 | ||||||
Research and development expenses
|
7,526 | 7,886 | ||||||
Selling, general and administrative expenses
|
8,096 | 9,949 | ||||||
Impairment charge
|
— | 13,068 | ||||||
Operating income (loss)
|
(2,545 | ) | (26,410 | ) | ||||
Other income (expense):
|
||||||||
Interest and dividend income
|
68 | 69 | ||||||
Interest expense
|
(37 | ) | (34 | ) | ||||
Gain on sale of investment securities
|
— | 202 | ||||||
Other, net
|
(495 | ) | (761 | ) | ||||
Total other income (expense)
|
(464 | ) | (524 | ) | ||||
Income (loss) before income taxes and equity in earnings of affiliated company
|
(3,009 | ) | (26,934 | ) | ||||
Income tax expense (benefit)
|
431 | (2,125 | ) | |||||
Equity in earnings of affiliated company
|
4 | 0 | ||||||
Net income (loss)
|
¥ | (3,436 | ) | (24,809 | ) |
Yen
|
||||||||
Three months ended
|
Three months ended
|
|||||||
December 31, 2012
|
December 31, 2013
|
|||||||
Net income (loss) per share:
|
||||||||
Basic
|
¥ | (19.80 | ) | (142.42 | ) | |||
Diluted
|
(19.80 | ) | (142.42 | ) |
The accompanying notes, together with the Notes to Consolidated Financial Statements included in Advantest’s Annual Report on Form 20-F for the year ended March 31, 2013 are an integral part of the consolidated financial statements.
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ADVANTEST CORPORATION
|
||||||||
AND SUBSIDIARIES
|
||||||||
Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
|
||||||||
Yen (Millions)
|
||||||||
Nine months ended
|
Nine months ended
|
|||||||
December 31, 2012
|
December 31, 2013
|
|||||||
Comprehensive income (loss)
|
||||||||
Net income (loss)
|
¥ | (1,917 | ) | (34,148 | ) | |||
Other comprehensive income (loss), net of tax
|
||||||||
Foreign currency translation adjustments
|
7,345 | 15,147 | ||||||
Net unrealized gains (losses) on investment securities:
|
||||||||
Net unrealized gains (losses) arising during the period
|
(605 | ) | 209 | |||||
Less reclassification adjustments for net gains (losses) realized in earnings
|
251 | (503 | ) | |||||
Net unrealized gains (losses)
|
(354 | ) | (294 | ) | ||||
Pension related adjustments
|
384 | 402 | ||||||
Total other comprehensive income
|
7,375 | 15,255 | ||||||
Total comprehensive income (loss)
|
¥ | 5,458 | (18,893 | ) |
Yen (Millions)
|
||||||||
Three months ended
|
Three months ended
|
|||||||
December 31, 2012
|
December 31, 2013
|
|||||||
Comprehensive income (loss)
|
||||||||
Net income (loss)
|
¥ | (3,436 | ) | (24,809 | ) | |||
Other comprehensive income (loss), net of tax
|
||||||||
Foreign currency translation adjustments
|
13,201 | 9,428 | ||||||
Net unrealized gains (losses) on investment securities:
|
||||||||
Net unrealized gains (losses) arising during the period
|
208 | 133 | ||||||
Less reclassification adjustments for net gains (losses) realized in earnings
|
- | (131 | ) | |||||
Net unrealized gains (losses)
|
208 | 2 | ||||||
Pension related adjustments
|
(23 | ) | 31 | |||||
Total other comprehensive income
|
13,386 | 9,461 | ||||||
Total comprehensive income (loss)
|
¥ | 9,950 | (15,348 | ) |
The accompanying notes, together with the Notes to Consolidated Financial Statements included in Advantest’s Annual Report on Form 20-F for the year ended March 31, 2013 are an integral part of the consolidated financial statements.
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ADVANTEST CORPORATION
|
AND SUBSIDIARIES
|
Consolidated Statements of Cash Flows (Unaudited)
|
Yen (Millions)
|
||||||||
Nine months ended
|
Nine months ended
|
|||||||
December 31, 2012
|
December 31, 2013
|
|||||||
Cash flows from operating activities:
|
||||||||
Net income (loss)
|
¥ | (1,917 | ) | (34,148 | ) | |||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
|
||||||||
Depreciation and amortization
|
5,828 | 6,831 | ||||||
Deferred income taxes
|
(449 | ) | (2,048 | ) | ||||
Stock option compensation expense
|
581 | 870 | ||||||
Impairment charge
|
— | 13,495 | ||||||
Changes in assets and liabilities:
|
||||||||
Trade receivables
|
2,201 | 15,651 | ||||||
Inventories
|
(3,980 | ) | 311 | |||||
Trade accounts payable
|
(4,624 | ) | (79 | ) | ||||
Accrued expenses
|
(5,296 | ) | (1,310 | ) | ||||
Income taxes payable
|
1,639 | (631 | ) | |||||
Accrued warranty expenses
|
(224 | ) | (269 | ) | ||||
Customer prepayments
|
76 | (662 | ) | |||||
Accrued pension and severance costs
|
952 | 1,207 | ||||||
Other
|
1,877 | 615 | ||||||
Net cash provided by (used in) operating activities
|
(3,336 | ) | (167 | ) | ||||
Cash flows from investing activities:
|
||||||||
Proceeds from sale of available-for-sale securities
|
- | 1,418 | ||||||
Acquisition of subsidiary, net of cash acquired
|
- | (1,272 | ) | |||||
Proceeds from sale of property, plant and equipment
|
30 | 370 | ||||||
Purchases of property, plant and equipment
|
(9,527 | ) | (5,096 | ) | ||||
Purchases of intangible assets
|
(323 | ) | (648 | ) | ||||
Other
|
201 | 280 | ||||||
Net cash provided by (used in) investing activities
|
(9,619 | ) | (4,948 | ) | ||||
Cash flows from financing activities:
|
||||||||
Increase (decrease) in short term debt
|
(25,000 | ) | — | |||||
Proceeds from issuance of corporate bonds
|
25,000 | — | ||||||
Dividends paid
|
(3,356 | ) | (3,369 | ) | ||||
Other
|
334 | 501 | ||||||
Net cash provided by (used in) financing activities
|
(3,022 | ) | (2,868 | ) | ||||
Net effect of exchange rate changes on cash and cash equivalents
|
1,369 | 4,436 | ||||||
Net change in cash and cash equivalents
|
(14,608 | ) | (3,547 | ) | ||||
Cash and cash equivalents at beginning of period
|
58,218 | 45,668 | ||||||
Cash and cash equivalents at end of period
|
¥ | 43,610 | 42,121 |
The accompanying notes, together with the Notes to Consolidated Financial Statements included in Advantest’s Annual Report on Form 20-F for the year ended March 31, 2013 are an integral part of the consolidated financial statements.
|
(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)
|
||||||||
March 31, 2013
|
December 31, 2013
|
|||||||
Finished goods
|
¥ | 6,485 | 7,326 | |||||
Work in process
|
11,378 | 12,448 | ||||||
Raw materials and supplies
|
13,986 | 13,140 | ||||||
¥ | 31,849 | 32,914 |
Yen (Millions)
|
||||||||||||||||
March 31, 2013
|
||||||||||||||||
Acquisition
cost
|
Gross
unrealized gains
|
Gross
unrealized losses
|
Fair value
|
|||||||||||||
Noncurrent:
|
||||||||||||||||
Available-for-sale:
|
||||||||||||||||
Equity securities
|
¥ | 3,079 | 2,377 | 1 | 5,455 | |||||||||||
Yen (Millions) | ||||||||||||||||
December 31, 2013 | ||||||||||||||||
Acquisition cost
|
Gross unrealized gains
|
Gross unrealized losses
|
Fair value
|
|||||||||||||
Noncurrent:
|
||||||||||||||||
Available-for-sale:
|
||||||||||||||||
Equity securities
|
¥ | 2,625 | 1,966 | 22 | 4,569 |
Yen (Millions) | ||||||||||||||||
March 31, 2013 | ||||||||||||||||
Less than 12 months
|
12 months or longer
|
|||||||||||||||
Fair value
|
Gross
unrealized
losses
|
Fair value
|
Gross
unrealized
losses
|
|||||||||||||
Noncurrent:
|
||||||||||||||||
Available-for-sale:
|
||||||||||||||||
Equity securities
|
¥ | - | - | 5 | 1 |
Yen (Millions) | ||||||||||||||||
December 31, 2013 | ||||||||||||||||
Less than 12 months
|
12 months or longer
|
|||||||||||||||
Fair value
|
Gross
unrealized
losses
|
Fair value
|
Gross
unrealized
losses
|
|||||||||||||
Noncurrent:
|
||||||||||||||||
Available-for-sale:
|
||||||||||||||||
Equity securities
|
¥ | 302 | 21 | 5 | 1 |
Yen (Millions)
|
||||||||||||||
March 31, 2013
|
December 31, 2013 | |||||||||||||
Balance Sheet Location
|
Fair Value
|
Balance Sheet Location
|
Fair Value
|
|||||||||||
Assets
|
||||||||||||||
Foreign exchange contracts
|
Other current assets | ¥ | 16 | Other current assets | - | |||||||||
Liabilities
|
||||||||||||||
Foreign exchange contracts
|
Other current liabilities | ¥ | 0 | Other current liabilities | 2 |
Yen (Millions)
|
|||||||||
Amount of gain (loss) recognized in income on derivatives
|
|||||||||
Location of gain (loss) recognized in income on derivatives
|
Nine months ended December 31, 2012
|
Nine months ended
December 31, 2013
|
|||||||
Foreign exchange contracts
|
Other income (expense)
|
¥ | (62 | ) | 63 |
Yen (Millions) | |||||||||
Amount of gain (loss) recognized in income on derivatives
|
|||||||||
Location of gain (loss) recognized in income on derivatives
|
Three months ended December 31, 2012
|
Three months ended
December 31, 2013
|
|||||||
Foreign exchange contracts
|
Other income (expense)
|
¥ | (68 | ) | (27 | ) |
Yen (Millions)
|
||||||||||||||||
March 31, 2013
|
December 31, 2013
|
|||||||||||||||
Carrying
amount
|
Fair
value
|
Carrying
amount
|
Fair
value
|
|||||||||||||
Financial assets:
|
||||||||||||||||
Investment securities
|
||||||||||||||||
Available-for-sale securities
|
¥ | 5,455 | 5,455 | 4,569 | 4,569 | |||||||||||
Foreign exchange contracts
|
16 | 16 | - | - | ||||||||||||
Financial liabilities:
|
||||||||||||||||
Foreign exchange contracts
|
0 | 0 | 2 | 2 | ||||||||||||
Corporate bonds
|
25,000 | 25,026 | 25,000 | 25,044 |
Yen (Millions)
|
||||||||||||||||
Fair Value Measurements
at March 31, 2013
|
||||||||||||||||
Total
|
Level 1
|
Level 2
|
Level 3
|
|||||||||||||
Assets
|
||||||||||||||||
Available-for-sale equity securities
|
¥ | 5,455 | 5,455 | - | - | |||||||||||
Foreign exchange contracts
|
16 | - | 16 | - | ||||||||||||
Total assets measured at fair value
|
5,471 | 5,455 | 16 | - | ||||||||||||
Liabilities
|
||||||||||||||||
Foreign exchange contracts
|
0 | - | 0 | - | ||||||||||||
Total liabilities measured at fair value
|
¥ | 0 | - | 0 | - |
Yen (Millions)
|
||||||||||||||||
Fair Value Measurements
at December 31, 2013
|
||||||||||||||||
Total
|
Level 1
|
Level 2
|
Level 3
|
|||||||||||||
Assets
|
||||||||||||||||
Available-for-sale equity securities
|
¥ | 4,569 | 4,569 | - | - | |||||||||||
Total assets measured at fair value
|
4,569 | 4,569 | - | - | ||||||||||||
Liabilities
|
||||||||||||||||
Foreign exchange contracts
|
2 | - | 2 | - | ||||||||||||
Total liabilities measured at fair value
|
¥ | 2 | - | 2 | - |
Yen (Millions)
|
||||||||||||||||
Fair Value Measurements
at March 31, 2013
|
||||||||||||||||
Total
|
Level 1
|
Level 2
|
Level 3
|
|||||||||||||
Assets
|
||||||||||||||||
Non-marketable equity securities
|
¥ | 8 | - | - | 8 | |||||||||||
Assets held for sale
|
1,337 | - | - | 1,337 | ||||||||||||
Total assets measured at fair value
|
¥ | 1,345 | - | - | 1,345 |
Yen (Millions)
|
||||||||||||||||
Fair Value Measurements
at December 31, 2013
|
||||||||||||||||
Total
|
Level 1
|
Level 2
|
Level 3
|
|||||||||||||
Assets
|
||||||||||||||||
Assets held for sale
|
1,230 | - | - | 1,230 | ||||||||||||
Property, plant and equipment
|
- | - | - | - | ||||||||||||
Intangible assets
|
- | - | - | - | ||||||||||||
Total assets measured at fair value
|
¥ | 1,230 | - | - | 1,230 |
Yen (Millions)
|
||||||||
March 31, 2013
|
December 31, 2013
|
|||||||
Unsecured corporate bonds | ||||||||
Maturity date May 25, 2015, 0.416% per annum
|
¥ | 10,000 | 10,000 | |||||
Maturity date May 25, 2017, 0.606% per annum
|
15,000 | 15,000 | ||||||
¥ | 25,000 | 25,000 |
Yen (Millions)
|
||||||||||||||||
Nine months ended December 31, 2013
|
||||||||||||||||
Foreign currency translation adjustment
|
Net unrealized gains (losses) on investment securities
|
Pension related adjustment
|
Accumulated other comprehensive income (loss)
|
|||||||||||||
Balance at March 31, 2013
|
¥ | 3,934 | 1,549 | (12,412 | ) | (6,929 | ) | |||||||||
Other comprehensive income
(loss) before reclassifications |
15,147 | 209 | (304 | ) | 15,052 | |||||||||||
Amounts reclassified from
|
||||||||||||||||
Accumulated other comprehensive
Income (loss) |
- | (503 | ) | 706 | 203 | |||||||||||
Net change during the period
|
15,147 | (294 | ) | 402 |
15,255
|
|||||||||||
Balance at December 31, 2013
|
¥ | 19,081 | 1,255 | (12,010 | ) | 8,326 |
Yen (Millions)
|
||||||||
Nine months ended December 31, 2013
|
||||||||
Amount reclassified from accumulated other comprehensive income (loss) *(1)
|
Affected line items in consolidated statements of income
|
|||||||
Unrealized gains and
|
||||||||
losses on investment securities
|
¥ | (778 | ) |
Other income (expense): Other, net
|
||||
275 |
Income taxes
|
|||||||
(503 | ) |
Net income (loss)
|
||||||
Pension liability adjustments
|
||||||||
Amortization of actuarial loss
|
914 | (2) | ||||||
Amortization of prior service cost
|
(126 | ) | (2) | |||||
(82 | ) |
Income taxes
|
||||||
706 |
Net income (loss)
|
|||||||
Total amount reclassified, net of
|
||||||||
tax
|
¥ | 203 |
(1)
|
Amounts in parentheses indicate gain in consolidated statements of operations.
|
(2)
|
The accumulated other comprehensive income components are included in the computation of net periodic pension cost (see note 11 for additional details).
|
Yen (Millions)
|
||||||||
Three months ended December 31, 2013
|
||||||||
Amount reclassified from accumulated other comprehensive income (loss) *(1)
|
Affected line items in consolidated statements of income
|
|||||||
Unrealized gains and
|
||||||||
losses on investment securities
|
¥ | (202 | ) |
Other income (expense): Other, net
|
||||
71 |
Income taxes
|
|||||||
(131 | ) |
Net income (loss)
|
||||||
Pension liability adjustments
|
||||||||
Amortization of actuarial loss
|
307 | (2) | ||||||
Amortization of prior service cost
|
(42 | ) | (2) | |||||
(28 | ) |
Income taxes
|
||||||
237 |
Net income (loss)
|
|||||||
Total amount reclassified, net of
|
||||||||
tax
|
¥ | 106 |
(1)
|
Amounts in parentheses indicate gain in consolidated statements of operations.
|
(2)
|
The accumulated other comprehensive income components are included in the computation of net periodic pension cost (see note 11 for additional details).
|
(10)
|
Stock-Based Compensation
|
(11)
|
Accrued Pension and Severance Costs
|
Yen (Millions)
|
||||||||||||||||
Nine months ended
|
||||||||||||||||
December 31, 2012
|
December 31, 2013
|
|||||||||||||||
Japanese
Plans
|
Non-Japanese
Plans
|
Japanese
Plans
|
Non-Japanese
Plans
|
|||||||||||||
Service cost
|
¥ | 1,113 | 291 | 1,301 | 381 | |||||||||||
Interest cost
|
517 | 253 | 424 | 329 | ||||||||||||
Expected return on plan assets
|
(225 | ) | (198 | ) | (348 | ) | (244 | ) | ||||||||
Amortization of unrecognized:
|
||||||||||||||||
Net actuarial (gain) or loss
|
593 | 175 | 689 | 225 | ||||||||||||
Prior service (benefit) cost
|
(126 | ) |
-
|
(126 | ) |
-
|
||||||||||
Net periodic benefit cost
|
¥ | 1,872 | 521 | 1,940 | 691 |
Yen (Millions)
|
||||||||||||||||
Three months ended
|
||||||||||||||||
December 31, 2012
|
December 31, 2013
|
|||||||||||||||
Japanese
Plans
|
Non-Japanese
Plans
|
Japanese
Plans
|
Non-Japanese
Plans
|
|||||||||||||
Service cost
|
¥ | 373 | 120 | 434 | 145 | |||||||||||
Interest cost
|
172 | 86 | 142 | 113 | ||||||||||||
Expected return on plan assets
|
(75 | ) | (67 | ) | (116 | ) | (84 | ) | ||||||||
Amortization of unrecognized:
|
||||||||||||||||
Net actuarial (gain) or loss
|
198 | 59 | 229 | 78 | ||||||||||||
Prior service (benefit) cost
|
(42 | ) |
-
|
(42 | ) |
-
|
||||||||||
Net periodic benefit cost
|
¥ | 626 | 198 | 647 | 252 |
(12)
|
Dividends
|
(13)
|
Accrued Warranty Expenses
|
Yen (Millions)
|
||||||||
Nine months ended
|
||||||||
December 31, 2012
|
December 31, 2013
|
|||||||
|
|
|||||||
Balance at beginning of period
|
¥ | 2,129 | 1,889 | |||||
Addition
|
2,268 | 1,917 | ||||||
Reduction
|
(2,491 | ) | (2,186 | ) | ||||
Translation adjustments
|
28 | 55 | ||||||
Balance at end of period
|
¥ | 1,934 | 1,675 |
(14)
|
Other income (expense)
|
(15)
|
Operating Segment Information
|
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 |
Yen (Millions)
|
||||||||||||||||||||
Nine months ended December 31, 2013
|
||||||||||||||||||||
Semiconductor and Component Test System Business
|
Mechatronics System Business
|
Services, Support and Others
|
Elimination and Corporate
|
Total
|
||||||||||||||||
Net sales to unaffiliated customers
|
¥ | 51,299 | 10,031 | 17,921 |
-
|
79,251 | ||||||||||||||
Inter-segment sales
|
161 | 8 |
-
|
(169 | ) |
-
|
||||||||||||||
Net sales
|
51,460 | 10,039 | 17,921 | (169 | ) | 79,251 | ||||||||||||||
Operating income (loss) before stock option compensation expense
|
(26,960 | ) | (4,530 | ) | 2,095 | (4,139 | ) | (33,534 | ) | |||||||||||
Adjustment:
|
||||||||||||||||||||
Stock option compensation expense
|
870 | |||||||||||||||||||
Operating income (loss)
|
¥ | (34,404 | ) |
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 | ) |
Yen (Millions)
|
||||||||||||||||||||
Three months ended December 31, 2013
|
||||||||||||||||||||
Semiconductor and Component Test System Business
|
Mechatronics System Business
|
Services, Support and Others
|
Elimination and Corporate
|
Total
|
||||||||||||||||
Net sales to unaffiliated customers
|
¥ | 10,086 | 3,244 | 6,283 |
-
|
19,613 | ||||||||||||||
Inter-segment sales
|
70 | 8 |
-
|
(78 | ) |
-
|
||||||||||||||
Net sales
|
10,156 | 3,252 | 6,283 | (78 | ) | 19,613 | ||||||||||||||
Operating income (loss) before stock option compensation expense
|
(23,175 | ) | (2,042 | ) | 923 | (1,684 | ) | (25,978 | ) | |||||||||||
Adjustment:
|
||||||||||||||||||||
Stock option compensation expense
|
432 | |||||||||||||||||||
Operating income (loss)
|
¥ | (26,410 | ) |
Yen (Millions)
|
||||||||||||||||||||
March 31, 2013
|
||||||||||||||||||||
Semiconductor
and Component Test System Business |
Mechatronics
System Business |
Services,
Support and Others |
Elimination and
Corporate |
Total
|
||||||||||||||||
Total assets
|
¥ | 99,168 | 18,242 | 36,065 | 72,040 | 225,515 |
Yen (Millions)
|
||||||||||||||||||||
December 31, 2013
|
||||||||||||||||||||
Semiconductor
and Component Test System Business |
Mechatronics
System Business |
Services,
Support and Others |
Elimination and
Corporate |
Total
|
||||||||||||||||
Total assets
|
¥ | 76,962 | 17,172 | 40,502 | 68,662 | 203,298 |
(16)
|
Per Share Data
|
Yen (Millions)
except share and per share data
|
||||||||
Nine months ended
|
Nine months ended
|
|||||||
December 31, 2012
|
December 31, 2013
|
|||||||
Numerator:
|
||||||||
Net income (loss)
|
¥ | (1,917 | ) | (34,148 | ) | |||
Denominator:
|
||||||||
Basic weighted average shares of common stock outstanding
|
173,382,196 | 174,113,609 | ||||||
Dilutive effect of exercise of stock options
|
– | – | ||||||
Diluted weighted average shares of common stock outstanding
|
173,382,196 | 174,113,609 | ||||||
Basic net income (loss) per share
|
¥ | (11.05 | ) | (196.12 | ) | |||
Diluted net income (loss) per share
|
¥ | (11.05 | ) | (196.12 | ) |
Yen (Millions)
except share and per share data
|
||||||||
Three months ended
|
Three months ended
|
|||||||
December 31, 2012
|
December 31, 2013
|
|||||||
Numerator:
|
||||||||
Net income (loss)
|
¥ | (3,436 | ) | (24,809 | ) | |||
Denominator:
|
||||||||
Basic weighted average shares of common stock outstanding
|
173,536,283 | 174,195,834 | ||||||
Dilutive effect of exercise of stock options
|
– | – | ||||||
Diluted weighted average shares of common stock outstanding
|
173,536,283 | 174,195,834 | ||||||
Basic net income (loss) per share
|
¥ | (19.80 | ) | (142.42 | ) | |||
Diluted net income (loss) per share
|
¥ | (19.80 | ) | (142.42 | ) |