Financial Review

Consolidated Financial Results of FY2026 Q2 (Semi-Annual) (April 1, 2026 through September 30, 2026)

October 28, 2026
(in billion yen)

During the six-month period ended September 30, 2026, the global economy as a whole maintained a steady growth trajectory, supported by increased investment related to AI, particularly in the United States. On the other hand, uncertainties persisted amid geopolitical risks, including the situation in the Middle East, and inflation concerns.

Under such global economic conditions, the semiconductor market continued to grow robustly, driven by accelerating competition in AI technology and broader adoption across society. AI-related high-performance semiconductors such as SoC semiconductors and memory semiconductors for data centers drove market growth.

In Advantest’s business, as production volumes of AI-related high-performance semiconductors increased and semiconductor complexity grew with the adoption of advanced packaging and other technologies, customers continued to invest actively in our testers. Advantest worked to expand production capacity throughout the supply chain to meet customers’ strong tester demand in a timely manner.

As a result of the above, net sales were (Y) 845.2 billion (60.5% increase in comparison to the corresponding period of the previous fiscal year), and operating income was (Y) 456.8 billion (96.5% increase in comparison to the corresponding period of the previous fiscal year), due to factors including an increase in net sales and an improved sales mix. In addition, Advantest recorded financial income of approximately (Y) 57.0 billion, primarily attributable to valuation gains on investment securities. As a result, income before income taxes was (Y) 510.2 billion (121.3% increase in comparison to the corresponding period of the previous fiscal year) and net income was (Y) 368.1 billion (116.8% increase in comparison to the corresponding period of the previous fiscal year). The depreciation of the yen against the U.S. dollar also contributed to our financial performance, with net sales, operating income, income before income taxes, and net income all reaching record highs in a six-month period. Average currency exchange rates in the current period were 1 USD to 160 JPY (146 JPY in the corresponding period of the previous fiscal year), and 1 EUR to 185 JPY (166 JPY in the corresponding period of the previous fiscal year). The percentage of net sales to overseas customers was 99.4% (98.3% in the corresponding period of the previous fiscal year).

(in billion yen)

In this segment, product sales recorded broad-based growth. In particular, sales of SoC test systems grew, driven primarily by rising production volumes and increasing complexity of AI-related SoC semiconductors. With regard to memory test systems, amid growing investment in data centers, sales of products for DRAM and non-volatile memory also increased.

(in billion yen)

In this segment, sales of support services increased as the installed base grew. In addition, sales of consumables such as test interface boards for high-performance SoC semiconductors increased. The segment income in the corresponding period of the previous fiscal year included a gain of approximately (Y) 2.5 billion resulting from the partial divestiture of a business.

Total assets as of September 30, 2026 were (Y) 1,732.1 billion, an increase of (Y) 560.3 billion from March 31, 2026. This was primarily attributable to increases in investment securities of (Y) 364.7 billion, inventories of (Y) 120.7 billion, and cash and cash equivalents of (Y) 61.8 billion. Total liabilities were (Y) 586.9 billion, an increase of (Y) 210.9 billion from March 31, 2026. This was primarily attributable to increases in bonds of (Y) 89.5 billion, trade and other payables of (Y) 46.5 billion, other current liabilities of (Y) 45.2 billion and income taxes payable of (Y) 24.4 billion. Total equity was (Y) 1,145.1 billion. Ratio of equity attributable to owners of the parent was 66.1%, a decrease of 1.8 percentage points from March 31, 2026.