Financial Results for 3rd Quarter Fiscal 2005

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1 Financial Results for 3rd Quarter Fiscal 25 Summary of Achievements FY24 FY25 2Q - Total 2Q - Total YOY % YOY % Orders Net Sales Operating Income Income Before Tax Net Income Backlog

2 /FY25 Summary Flash Memory T537 Series Taiwan South Korea MPU T2 Americas Rest of Asia LCD Driver IC T63 Series Taiwan Japan Financial Forecast FY24(Results) FY25 Y on Y % Orders Sales Operating Income Income Before Tax Net Income Backlog

3 Quarterly Order Trends Half-Yearly Order Trends H 2H FY 4 1H 2H FY Q 2Q 2Q 2Q FY 1 FY 2 FY 3 FY 4 2Q FY 5 Quarterly Orders by Segment Semiconductor and Component Test System Mechatronics System Services, Support & Others Q FY 3 Note: Intersegment sales have been eliminated from totals Q FY Q FY 5 3

4 Quarterly Sales Trends Half-Yearly Sales Trends H 2H 1H 2H FY 4 FY Q 2Q 2Q 2Q FY 1 FY 2 FY 3 FY 4 2Q FY 5 Quarterly Sales by Segment Semiconductor and Component Test System Mechatronics System Services, Support & Others Q FY Note: Intersegment sales have been eliminated from totals Q FY Q FY 5 4

5 Sales by Segment Semiconductor and Component Test System Mechatronics System Services, Support & Others Interim Full Year Interim Full Year FY 3 FY 4 Note: Intersegment sales have been eliminated from totals Interim Full Year FY 5 Quarterly Sales (Semiconductor and Component Test System) Memory Non-Memory Q FY Q FY FY Q 5

6 Quarterly Sales by Region Japan Americas Europe South Korea Taiwan Rest of Asia Q FY Q FY Q FY Sales by Region % Overseas Sales as a Percentage of Total Sales Japan Americas Europe South Korea Taiwan Rest of Asia Interim Full Year Interim Full Year Interim Full Year FY 3 FY 4 FY 5 6

7 Income Operating Income Net Income Operating Income Ratio % Q 2Q FY 4 FY 5 Operating Income by Segment Semiconductor and Component Test System Mechatronics System Services, Support & Others Q 2Q FY 4 FY 5 Note: eliminations and corporate are included in totals 7

8 Balance Sheet ( of yen) Mar. 31, 5 Sep. 3, 5 Dec. 31, 5 Variance Current Assets (Cash & Cash Equivalent (Accounts Receivable (Inventories Fixed & Other Assets (121.) (56.7) (29.6) 72.8 (135.2) (59.) (34.5) 71.8 (127.9) (64.8) (37.6) Total Assets Current Liabilities Fixed & Other Liabilities Shareholder s Equity % of total assets (69.7%) (69.5%) (73.6%) Liabilities & Equity Cash Flow Operating CF Free CF Investment CF ~ FY Full Year ~ Full Year FY 5 8

9 R&D Expenses % % of Net Sales FY 1 FY 2 FY 3 FY 4 FY 5 CAPEX & Depreciation CAPEX Depreciation FY 1 FY 2 FY 3 FY 4 FY 5 9

10 Forecast for Future Growth Growth in Applications Millions of units 9 6 ~ 2 +22% +6.8% % +32.9% +136% +12% +6.2% +34.% +22.% +115% +1% +8.6% +23.3% +16.% +56% Mobile Phones Desktop PCs MP3 Players Notebook PCs LCD TVs Year Source: Forecasts by isuppli and Advantest 1

11 Major Products with Strong Growth Forecast Billions of units 2 NAND Flash +28.2% +23.4% For NAND Flash T537 Series % Billions of units Year Source: VLSI Research LCD Driver IC For large panels +15% For LCD Driver ICs T63 Series % For small panels % +7% +7% +12% Year Source: Advantest forecast Slogan for 26 Sustain Innovation to Accelerate Success! Pursue Market Share Strive to Cut Costs Improve Product Quality 11

12 NOTE Prepared in accordance with US GAAP Cautionary Statement with Respect to Forward-Looking Statements This presentation contains forward-looking statements that are based on Advantest's current expectations, estimates and projections. These statements include, among other things, a discussion of Advantest s business strategy, outlook and expectations as to market and business developments, production and capacity plans. These forward-looking statements can be identified by use of forward-looking terminology 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. These factors include: (i) changes in demand for the products and services produced and offered by Advantest s customers, including semiconductors, communications services and electronic goods; (ii) circumstances relating to Advantest s investment in technology, including its ability to develop in a timely fashion products that meet the changing needs of semiconductor manufacturers and communications network equipment and component makers and service providers; (iii) significant changes in the competitive environment in the major markets where Advantest purchases materials, components and supplies for the production of its products or where its products are produced, distributed or sold; and (iv) changes in economic conditions, currency exchange rates or political stability in the major markets where Advantest procures materials, components and supplies for the production of its principal products or where its products are produced, distributed or sold. A discussion of these and other factors which may affect Advantest s actual results, levels of activity, performance or achievements is contained in the Operating and Financial Review and Prospects, Key Information - Risk Factors and Information on the Company sections and elsewhere in Advantest s annual report on Form 2-F, which is on file with the United States Securities and Exchange Commission. 12