Interim report
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FY2025 Second Quarter (Semi-Annual) Consolidated Financial Results (Advantest’s consolidated financial statements are prepared in accordance with IFRS) (Period ended September 30, 2025) October 28, 2025 Company Name : Advantest Corporation (URL https://www.advantest.com/en/investors/) Stock Exchange on which shares are listed : Prime Market of the Tokyo Stock Exchange Stock Code Number : 6857 Company Representative : Koichi Tsukui, Representative Director, Senior Executive Officer and President, Group COO Contact Person : Hisako Takada, Senior Executive Officer, CFO (03) 3214-7500 Semi-Annual Securities Report Filing Date (as planned) : November 13, 2025 Dividend Payable Date (as planned) : December 1, 2025 Quarterly Results Supplemental Materials : Yes Quarterly Results Presentation Meeting : Yes (Rounded to the nearest million yen) (% changes as compared to the corresponding period of the previous fiscal year) Net sales Operating income Income before income taxes Net income Net income attributable to owners of the parent Total comprehensive income for the period Million yen % increase (decrease) Million yen % increase (decrease) Million yen % increase (decrease) Million yen % increase (decrease) Million yen % increase (decrease) Million yen % increase (decrease) FY2025 Q2 526,733 60.0 232,435 145.0 230,517 148.8 169,813 144.9 169,813 144.9 185,969 229.3 FY2024 Q2 329,206 51.4 94,859 169.0 92,645 178.1 69,343 167.3 69,343 167.3 56,478 26.6 Basic earnings per share Diluted earnings per share Yen Yen FY2025 Q2 232.19 231.49 FY2024 Q2 93.92 93.64 Total assets Total equity Equity attributable to owners of the parent Ratio of equity attributable to owners of the parent Million yen Million yen Million yen % FY2025 Q2 971,541 610,340 610,340 62.8 FY2024 854,210 506,539 506,539 59.3 1. Consolidated Results of FY2025 Q2 (Semi-Annual) (April 1, 2025 through September 30, 2025) (1) Consolidated Financial Results (Accumulated) (2) Consolidated Financial Position Advantest Corporation (FY2025 Q2)
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Dividend per share First quarter end Second quarter end Third quarter end Year end Annual total Yen Yen Yen Yen Yen FY2024 － 19.00 － 20.00 39.00 FY2025 － 29.00 FY2025 (forecast) － － － (% changes as compared to the previous fiscal year) Net sales Operating income Income before income taxes Net income Net income attributable to owners of the parent Basic earnings per share Million yen % increase (decrease) Million yen % increase (decrease) Million yen % increase (decrease) Million yen % increase (decrease) Million yen % increase (decrease) Yen FY2025 950,000 21.8 374,000 63.9 371,500 65.3 275,000 70.6 275,000 70.6 378.06 2. Dividends (Note) Revision of dividends forecast for this period: Yes For details, please refer to “Interim Dividends for the Fiscal Year Ending March 31, 2026” separately released today. 3. Earnings Forecast for FY2025 (April 1, 2025 through March 31, 2026) (Notes) 1. Revision of earnings forecast for this period: Yes For details, please refer to (4) Outlook, page 5 and “Revision of Earnings Forecast for the Fiscal Year Ending March 31, 2026” separately released today. 2. Basic earnings per share in earnings forecast is calculated deeming the average number of outstanding shares as the number of issued and outstanding shares as of September 30, 2025 excluding the number of treasury shares as of September 30, 2025. For details, please refer to 4. Others (3) Number of issued and outstanding shares (common shares). 4. Others (1) Significant changes in the scope of consolidation during this period: None (2) Changes in accounting policies and accounting estimates 1) Changes in accounting policies required by IFRS: None 2) Changes arising from factors other than 1): None 3) Changes in accounting estimates: None (3) Number of issued and outstanding shares (common shares): 1) Number of issued and outstanding shares at the end of each fiscal period (including treasury shares): FY2025 Q2 766,141,256 shares; FY2024 766,141,256 shares. 2) Number of treasury shares at the end of each fiscal period: FY2025 Q2 38,749,080 shares; FY2024 32,422,231 shares. 3) Average number of outstanding shares for each period (cumulative term): FY2025 Q2 731,357,237 shares; FY2024 Q2 738,334,137 shares. (Note) Shares used for stock remuneration plans are considered in calculating average number of outstanding shares for each period. Status of Audit Procedures Second quarter (semi-annual) financial results are exempt from review conducted by certified public accountants or an audit firm. Advantest Corporation (FY2025 Q2)
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Explanation on the Appropriate Use of Future Earnings Projections and Other Special Instructions This document contains “forward-looking statements” that are based on Advantest’s current expectations, estimates and projections. These statements include, among other things, the discussion of Advantest’s business strategy, outlook and expectations as to market and business developments, production and capacity plans. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “project,” “should” and similar expressions. Forward- looking statements are subject to known and unknown risks, uncertainties and other factors that may cause Advantest’s actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. Advantest Corporation (FY2025 Q2)
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1. Overview of Business Results ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P. 2 (1) Overview of Business Results ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P. 2 (2) Overview of Financial Condition ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P. 4 (3) Overview of Cash Flows ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P. 4 (4) Outlook ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P. 5 2. Condensed Semi-Annual Consolidated Financial Statements and Main Notes・・・・・・・・・・・・・・・・ P. 6 (1) Condensed Semi-Annual Consolidated Statement of Financial Position ・・・・・・・・・・・・・・・・・ P. 6 (2) Condensed Semi-Annual Consolidated Statement of Profit or Loss and Condensed Semi- Annual Consolidated Statement of Comprehensive Income・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P. 8 (3) Condensed Semi-Annual Consolidated Statement of Changes in Equity ・・・・・・・・・・・・・・・・・ P. 10 (4) Condensed Semi-Annual Consolidated Statement of Cash Flows ・・・・・・・・・・・・・・・・・・・・・・ P. 11 (5) Notes to the Condensed Semi-Annual Consolidated Financial Statements ・・・・・・・・・・・・・・・・ P. 12 (Notes on Going Concern) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P. 12 (Segment Information) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P. 12 FY2025 Second Quarter (Semi-Annual) Consolidated Financial Results Overview・・・・・・・・・・・ P. 14 Contents - 1 - Advantest Corporation (FY2025 Q2)
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(in billion yen) Six months ended September 30, 2024 Six months ended September 30, 2025 As compared to the corresponding period of the previous fiscal year increase (decrease) Net sales 329.2 526.7 60.0% Operating income 94.9 232.4 145.0% Income before income taxes 92.6 230.5 148.8% Net income 69.3 169.8 144.9% 1. Overview of Business Results (1) Overview of Business Results Consolidated Financial Results of FY2025 Q2 (Semi-Annual) (April 1, 2025 through September 30, 2025) During Advantest’s six-month period ended September 30, 2025, the global economy as a whole held firmly, despite concerns about a slowdown amid geopolitical risks and increasing uncertainty surrounding trade policies. Under such global economic conditions, the semiconductor industry’s growth continued to be driven by AI- related semiconductors, such as HPC (High Performance Computing) devices and high-performance DRAM for data centers. On the other hand, demand for semiconductors for applications such as those for automotive and industrial equipment remained soft. In Advantest’s business, demand for testers for AI-related high-performance semiconductors grew significantly. Amid growing requests from customers for product deliveries, Advantest worked to expand the procurement of parts and materials along with product supply capabilities in order to meet customer demand to the greatest extent possible and successfully carried out timely product deliveries. As a result of the above, net sales were (Y) 526.7 billion (60.0% increase in comparison to the corresponding period of the previous fiscal year), operating income was (Y) 232.4 billion (145.0% increase in comparison to the corresponding period of the previous fiscal year), income before income taxes was (Y) 230.5 billion (148.8% increase in comparison to the corresponding period of the previous fiscal year) and net income was (Y) 169.8 billion (144.9% increase in comparison to the corresponding period of the previous fiscal year). These key figures reached record highs in a six-month period due to factors such as greater sales mix of high-margin products, in addition to the overall increase in sales. Average currency exchange rates in the current period were 1 USD to 146 JPY (154 JPY in the corresponding period of the previous fiscal year), and 1 EUR to 166 JPY (167 JPY in the corresponding period of the previous fiscal year). The percentage of net sales booked outside of Japan was 98.3% (97.0% in the corresponding period of the previous fiscal year). - 2 - Advantest Corporation (FY2025 Q2)
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(in billion yen) Six months ended September 30, 2024 Six months ended September 30, 2025 As compared to the corresponding period of the previous fiscal year increase (decrease) Net sales 284.6 478.0 68.0% Segment income (loss) 102.3 240.6 135.1% Conditions of business segments are described below. From the first quarter of the fiscal year ending March 31, 2026, Advantest has changed its reportable segments into two reportable segments, which are “Test System Business” and “Services and Others”. For details, please refer to (Segment Information) on page 12. Conditions of business segments for the six-month period ended September 30, 2024 is after the changes of the reportable segments. <Test System Segment> In this segment, sales of SoC Test Systems for high-performance SoC semiconductors increased significantly. This reflects the rising tester demand driven by the growing complexity and enhanced performance of semiconductors, in response to the increasing demand for HPC devices and AI-related semiconductors. On the other hand, tester demand for mature semiconductors such as those used in the automotive and industrial equipment sectors remained soft. With regards to Memory Test Systems, sales for high-performance DRAM, such as HBM (High Bandwidth Memory), remained strong. Advantest’s enhanced procurement of parts and materials along with product supply capabilities also supported this segment’s sales growth. As a result of the above, net sales were (Y) 478.0 billion (68.0% increase in comparison to the corresponding period of the previous fiscal year), and segment income was (Y) 240.6 billion (135.1% increase in comparison to the corresponding period of the previous fiscal year). - 3 - Advantest Corporation (FY2025 Q2)
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(in billion yen) Six months ended September 30, 2024 Six months ended September 30, 2025 As compared to the corresponding period of the previous fiscal year increase (decrease) Net sales 44.6 48.8 9.3% Segment income (loss) 0.6 3.0 404.6% <Services and Others Segment> In this segment, demand for support services remained elevated as the installed base grew. In addition, sales of consumables such as test interface boards for high-performance SoC semiconductors increased. Meanwhile, we recorded expenses to enhance our competitiveness over the mid-to-long-term. Segment income for six-month period ended September 30, 2025 includes a gain of approximately (Y) 2.5 billion resulting from the partial divestiture of a business. As a result of the above, net sales were (Y) 48.8 billion (9.3% increase in comparison to the corresponding period of the previous fiscal year), and segment income was (Y) 3.0 billion (404.6% increase in comparison to the corresponding period of the previous fiscal year). (2) Overview of Financial Condition Total assets at September 30, 2025 amounted to (Y) 971.5 billion, an increase of (Y) 117.3 billion compared to the fiscal year ended March 31, 2025. This was primarily attributable to increases of (Y) 50.6 billion in trade and other receivables, (Y) 35.7 billion in cash and cash equivalents, and (Y) 13.3 billion in other financial assets. The amount of total liabilities was (Y) 361.2 billion, an increase of (Y) 13.5 billion compared to the fiscal year ended March 31, 2025. This was primarily attributable to increases of (Y) 11.6 billion in other current liabilities, and (Y) 10.1 billion in trade and other payables offset by a decrease of (Y) 9.4 billion in income taxes payable. Total equity was (Y) 610.3 billion. Ratio of equity attributable to owners of the parent was 62.8%, an increase of 3.5 percentage point from March 31, 2025. (3) Overview of Cash Flows Cash and cash equivalents held at September 30, 2025 were (Y) 298.2 billion, an increase of (Y) 35.7 billion from March 31, 2025. Significant cash flows during the six-month period of this fiscal year and the details are described below. Net cash provided by operating activities was (Y) 139.9 billion (net cash inflow of (Y) 92.9 billion in the corresponding period of the previous fiscal year). This amount was primarily attributable to income taxes paid of (Y) 69.7 billion, increases of (Y) 46.1 billion in trade and other receivables, (Y) 9.6 billion in advanced receipts and adjustments of non-cash items such as depreciation and amortization in addition to the income before income taxes of (Y) 230.5 billion. Net cash used in investing activities was (Y) 17.1 billion (net cash outflow of (Y) 11.8 billion in the corresponding period of the previous fiscal year). This amount was primarily attributable to purchases of property, plant and equipment in the amount of (Y) 18.3 billion and proceeds from transfer of business of (Y) 2.9 billion. Net cash used in financing activities was (Y) 87.2 billion (net cash outflow of (Y) 16.1 billion in the corresponding period of the previous fiscal year). This amount was primarily attributable to purchases of treasury shares of (Y) 70.0 billion and dividends paid of (Y) 14.7 billion. - 4 - Advantest Corporation (FY2025 Q2)
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(4) Outlook Looking at Advantest’s business environment going forward, in CY2025, the semiconductor industry growth is likely to continue to be driven by AI-related semiconductors. In the semiconductor tester industry, tester demand is expected to exceed the previous year’s level, driven by factors such as the increasing complexity and enhanced performance, as well as rising production volumes of AI-related semiconductors. Based on this outlook and the progress made in the six-month period ended September 30, 2025, Advantest has revised its full-year’s consolidated forecast for the current fiscal year from the forecast as of July 2025 as follows. Sales forecast is revised up to (Y) 950.0 billion from (Y) 835.0 billion, operating income is revised up to (Y) 374.0 billion from (Y) 300.0 billion, income before income taxes is revised up to (Y) 371.5 billion from (Y) 297.0 billion and net income is revised up to (Y) 275.0 billion from (Y) 221.5 billion, respectively. This forecast is based on exchange rate assumptions of 1 USD to 140 JPY and 1 EUR to 155 JPY for the second half of the current consolidated fiscal year. At this time, Advantest does not anticipate that tariffs will have a major impact on its business or financial results. However, Advantest perceives that the business environment surrounding the company remains unpredictable, due to factors such as geopolitical risks and sharp exchange rate fluctuations. Advantest will continue to constantly monitor changes in the external environment and respond expeditiously and with agility. At the same time, Advantest will strive to expand the value it provides to stakeholders over the mid/long-term by pursuing the measures set out in the Third Mid-term Management Plan. - 5 - Advantest Corporation (FY2025 Q2)
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Millions of Yen As of March 31, 2025 As of September 30, 2025 Assets Current assets Cash and cash equivalents 262,544 298,196 Trade and other receivables 113,031 163,652 Inventories 209,707 210,038 Other current assets 14,471 22,225 Total current assets 599,753 694,111 Non-current assets Property, plant and equipment, net 78,602 89,993 Right-of-use assets 18,338 16,009 Goodwill and intangible assets, net 78,365 78,617 Other financial assets 30,167 43,464 Deferred tax assets 47,894 48,413 Other non-current assets 1,091 934 Total non-current assets 254,457 277,430 Total assets 854,210 971,541 2. Condensed Semi-Annual Consolidated Financial Statements and Main Notes (1) Condensed Semi-Annual Consolidated Statement of Financial Position - 6 - Advantest Corporation (FY2025 Q2)
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Millions of Yen As of March 31, 2025 As of September 30, 2025 Liabilities and Equity Liabilities Current liabilities Trade and other payables 107,093 117,179 Short-term borrowings 74,952 74,888 Income taxes payable 73,023 63,654 Provisions 12,454 14,317 Lease liabilities 5,046 4,464 Other financial liabilities 5,790 6,443 Other current liabilities 31,066 42,619 Total current liabilities 309,424 323,564 Non-current liabilities Long-term borrowings 3 － Lease liabilities 13,502 11,786 Retirement benefit liabilities 17,614 18,045 Deferred tax liabilities 4,709 5,071 Other non-current liabilities 2,419 2,735 Total non-current liabilities 38,247 37,637 Total liabilities 347,671 361,201 Equity Share capital 32,363 32,363 Share premium 46,665 48,354 Treasury shares (104,193) (173,107) Retained earnings 489,850 644,478 Other components of equity 41,854 58,252 Total equity attributable to owners of the parent 506,539 610,340 Total equity 506,539 610,340 Total liabilities and equity 854,210 971,541 - 7 - Advantest Corporation (FY2025 Q2)
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Millions of Yen Six months ended September 30, 2024 Six months ended September 30, 2025 Net sales 329,206 526,733 Cost of sales (142,209) (191,454) Gross profit 186,997 335,279 Selling, general and administrative expenses (92,374) (105,868) Other income 671 3,290 Other expenses (435) (266) Operating income 94,859 232,435 Financial income 959 1,316 Financial expenses (3,173) (3,234) Income before income taxes 92,645 230,517 Income taxes (23,302) (60,704) Net income 69,343 169,813 Net income attributable to: Owners of the parent 69,343 169,813 Earnings per share: Yen Yen Basic 93.92 232.19 Diluted 93.64 231.49 (2) Condensed Semi-Annual Consolidated Statement of Profit or Loss and Condensed Semi-Annual Consolidated Statement of Comprehensive Income Condensed Semi-Annual Consolidated Statement of Profit or Loss - 8 - Advantest Corporation (FY2025 Q2)
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Millions of Yen Six months ended September 30, 2024 Six months ended September 30, 2025 Net income 69,343 169,813 Other comprehensive income (loss), net of tax Items that will not be reclassified to profit or loss Remeasurements of defined benefit pension plan (227) (242) Net change in fair value measurements of equity instruments at fair value through other comprehensive income (662) 10,372 Items that may be subsequently reclassified to profit or loss Exchange differences on translation of foreign operations (11,976) 6,026 Total other comprehensive income (loss) (12,865) 16,156 Total comprehensive income for the period 56,478 185,969 Comprehensive income attributable to: Owners of the parent 56,478 185,969 Condensed Semi-Annual Consolidated Statement of Comprehensive Income - 9 - Advantest Corporation (FY2025 Q2)
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Millions of Yen Equity attributable to owners of the parent Share capital Share premium Treasury shares Retained earnings Other components of equity Total Total Equity Balance as of April 1, 2024 32,363 45,441 (56,353) 355,299 54,428 431,178 431,178 Net income 69,343 69,343 69,343 Other comprehensive income (loss), net of tax (12,865) (12,865) (12,865) Total comprehensive income for the period － － － 69,343 (12,865) 56,478 56,478 Purchase of treasury shares (3) (3) (3) Disposal of treasury shares (1,653) 1,891 (48) 190 190 Dividends (13,291) (13,291) (13,291) Share-based payments 1,259 1,259 1,259 Transfer from other components of equity to retained earnings (227) 227 － － Total transactions with the owners － (394) 1,888 (13,566) 227 (11,845) (11,845) Balance as of September 30, 2024 32,363 45,047 (54,465) 411,076 41,790 475,811 475,811 Millions of Yen Equity attributable to owners of the parent Share capital Share premium Treasury shares Retained earnings Other components of equity Total Total Equity Balance as of April 1, 2025 32,363 46,665 (104,193) 489,850 41,854 506,539 506,539 Net income 169,813 169,813 169,813 Other comprehensive income (loss), net of tax 16,156 16,156 16,156 Total comprehensive income for the period － － － 169,813 16,156 185,969 185,969 Purchase of treasury shares (18) (70,002) (70,020) (70,020) Disposal of treasury shares (410) 1,088 (269) 409 409 Dividends (14,674) (14,674) (14,674) Share-based payments 2,117 2,117 2,117 Transfer from other components of equity to retained earnings (242) 242 － － Total transactions with the owners － 1,689 (68,914) (15,185) 242 (82,168) (82,168) Balance as of September 30, 2025 32,363 48,354 (173,107) 644,478 58,252 610,340 610,340 (3) Condensed Semi-Annual Consolidated Statement of Changes in Equity Six months ended September 30, 2024 Six months ended September 30, 2025 - 10 - Advantest Corporation (FY2025 Q2)
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Millions of Yen Six months ended September 30, 2024 Six months ended September 30, 2025 Cash flows from operating activities: Income before income taxes 92,645 230,517 Adjustments to reconcile income before income taxes to net cash provided by (used in) operating activities: Depreciation and amortization 14,258 12,362 Changes in assets and liabilities: Trade and other receivables (29,231) (46,128) Inventories (13,245) 1,346 Trade and other payables 19,928 9,068 Warranty provisions 577 1,845 Advance receipts 8,159 9,571 Retirement benefit liabilities 47 (149) Other 1,266 (9,245) Subtotal 94,404 209,187 Interest and dividends received 940 1,273 Interest paid (911) (870) Income taxes paid (1,565) (69,667) Net cash provided by (used in) operating activities 92,868 139,923 Cash flows from investing activities: Purchases of property, plant and equipment (7,142) (18,303) Purchases of intangible assets (1,028) (1,295) Proceeds from transfer of business － 2,902 Acquisition of subsidiaries (3,815) － Other 137 (445) Net cash provided by (used in) investing activities (11,848) (17,141) Cash flows from financing activities: Proceeds from disposal of treasury shares 191 411 Purchases of treasury shares (3) (70,031) Dividends paid (13,278) (14,667) Payments for lease liabilities (2,684) (2,644) Other (326) (318) Net cash provided by (used in) financing activities (16,100) (87,249) Net effect of exchange rate changes on cash and cash equivalents (4,458) 119 Net change in cash and cash equivalents 60,462 35,652 Cash and cash equivalents at the beginning of period 106,702 262,544 Cash and cash equivalents at the end of period 167,164 298,196 (4) Condensed Semi-Annual Consolidated Statement of Cash Flows - 11 - Advantest Corporation (FY2025 Q2)
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(5) Notes to the Condensed Semi-Annual Consolidated Financial Statements (Notes on Going Concern) : None (Segment Information) 1. Overview of Reportable Segments Advantest manufactures and sells test system products and mechatronics-related products such as test handlers and device interfaces. Advantest also engages in research and development activities and provides maintenance and support services associated with these products. Advantest’s previous organizational structure consisted of three reportable segments, which were “Semiconductor and Component Test System Business,” “Mechatronics System Business” and “Services, Support and Others.” In efforts to provide comprehensive test solutions that include not only test equipment but also peripherals, from the first quarter of the fiscal year ending March 31, 2026, Advantest has changed its reportable segments into two, which are “Test System Business” and “Services and Others.” Segment information for the six months ended September 30, 2024 is after the changes of the reportable segments. These reportable segments are determined based on the nature of the products and the markets. Segment information is prepared on the same basis that management reviews financial information for operational decision-making purposes. The test system segment provides product lines such as test systems for SoC semiconductor devices, test systems for memory semiconductor devices, test handlers and mechatronic-applied products for handling semiconductor devices, and device interfaces that serve as interfaces with the devices that are measured, and test solutions of system level testing for such as semiconductor and modules. The services and others segment consists of comprehensive customer solutions provided in connection with the above segments, operations related to nano-technology products, support services, sales of consumables and others. 2. Information of Reportable Segments Advantest uses the operating income (loss) before share-based compensation expense for management’s analysis of operating segment results. Share-based compensation expense represents an expense for restricted stock compensation expense. Segment income (loss) is presented on the basis of operating income (loss) before share-based compensation expense. Inter-segment sales are based on market prices. - 12 - Advantest Corporation (FY2025 Q2)
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Millions of Yen Test System Business Services and Others Elimination and Corporate Consolidated Net sales Net sales to unaffiliated customers 284,575 44,631 － 329,206 Inter-segment sales － － － － Total 284,575 44,631 － 329,206 Segment income (loss) (operating income (loss) before share- based compensation expense) 102,308 604 (6,794) 96,118 Adjustment: Share-based compensation expense － － － (1,259) Operating income － － － 94,859 Financial income － － － 959 Financial expenses － － － (3,173) Income before income taxes － － － 92,645 Millions of Yen Test System Business Services and Others Elimination and Corporate Consolidated Net sales Net sales to unaffiliated customers 477,957 48,776 － 526,733 Inter-segment sales － － － － Total 477,957 48,776 － 526,733 Segment income (loss) (operating income (loss) before share- based compensation expense) 240,556 3,048 (9,052) 234,552 Adjustment: Share-based compensation expense － － － (2,117) Operating income － － － 232,435 Financial income － － － 1,316 Financial expenses － － － (3,234) Income before income taxes － － － 230,517 Six months ended September 30, 2024 Six months ended September 30, 2025 (Notes) 1. Adjustments to segment income (loss) in Corporate principally represent corporate general and administrative expenses and research and development expenses related to fundamental research activities that are not allocated to operating segments. 2. For services and others, the segment income for the six months ended September 30, 2025 includes (Y) 2,504 million income from the partial divestiture of a business. - 13 - Advantest Corporation (FY2025 Q2)
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October 28, 2025 Advantest Corporation FY2025 Second Quarter (Semi-Annual) Consolidated Financial Results Overview 1. Profit or Loss (in billion yen) FY2024 FY2025 FY2025 Forecast 1Q 2Q vs. FY2025 1Q increase (decrease) 1H vs. FY2024 1H increase (decrease) Annual total vs. FY2024 increase (decrease) 835.0 Net sales 779.7 263.8 262.9 (0.3%) 526.7 60.0% 950.0 21.8% Cost of sales (334.6) (92.2) (99.2) 7.8% (191.4) 34.6% － － Selling, general and administrative expenses (195.4) (50.5) (55.4) 9.6% (105.9) 14.6% － － Other income - expenses (21.5) 2.9 0.1 (93.1%) 3.0 1,181.4% － － 300.0 Operating income 228.2 124.0 108.4 (12.5%) 232.4 145.0% 374.0 63.9% Sales ratio 29.3% 47.0% 41.3% 44.1% 39.4% Financial income - expenses (3.4) (2.6) 0.7 － (1.9) (13.4%) － － 297.0 Income before income taxes 224.8 121.4 109.1 (10.1%) 230.5 148.8% 371.5 65.3% Sales ratio 28.8% 46.0% 41.5% 43.8% 39.1% Income taxes (63.6) (31.2) (29.5) (5.3%) (60.7) 160.5% － － 221.5 Net income 161.2 90.2 79.6 (11.7%) 169.8 144.9% 275.0 70.6% Sales ratio 20.7% 34.2% 30.3% 32.2% 28.9% 2. Financial Condition (in billion yen) FY2024 FY2025 4Q End 1Q End 2Q End vs. FY2025 1Q increase (decrease) Total assets 854.2 889.9 971.5 9.2% Equity attributable to owners of the parent 506.5 574.2 610.3 6.3% Ratio of equity attributable to owners of the parent 59.3% 64.5% 62.8% － 3. Dividends (in yen) FY2024 FY2025 Interim Year end Annual total Interim Year end (Forecast) Annual total (Forecast) Dividend per share 19.00 20.00 39.00 29.00 TBD TBD (Note) Upper data is the forecast amount released on July 29, 2025. (Note) The dividends forecast for FY2025 year end hasn't been decided yet. We will disclose promptly after considering the results based on the business performance. - 14 - Advantest Corporation (FY2025 Q2)