April 25, 2025
(JPY B)
Looking at Advantest's market environment going forward, in CY2025, the semiconductor market will continue to be driven by demand for AI-related semiconductors, as it was in the previous year with the ongoing implementation of AI in society. In the semiconductor test equipment market, while the recovery in demand for applications other than AI, such as for automotive and industrial equipment, is expected to take some time, high level of demand is expected to continue for AI-related applications, against the backdrop of increasing complexity and production expansion. The increasing number of companies entering the AI-related semiconductor market is also likely to contribute to the growth in demand.
On the other hand, looking at the global economy, the business environment surrounding Advantest is becoming increasingly uncertain due to ongoing geopolitical risks, and the risk of rapid exchange rate fluctuations.
Based on this outlook, our full-year consolidated earnings forecast for FY2025 calls for net sales of -Y 755.0 billion, operating income of -Y 242.0 billion, income before income taxes of -Y 240.0 billion, and net income of -Y 179.0 billion. This forecast is based on exchange rate assumptions of 1 USD to 140 JPY and 1 EUR to 155 JPY.
At this time, Advantest does not recognize more than a minor direct impact on its business and results from tariff measures. However, we perceive that the business environment surrounding our company is becoming increasingly uncertain, and the situation remains unpredictable.
Advantest will continue to constantly monitor changes in the external environment and respond expeditiously and flexibly. 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.