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Following is a summary of Advantest's (ATE) financial achievements for its third quarter. It had an outstanding quarter in which net income increased 172.7% over the same period in FY04. Although net income for the first nine months of its fiscal is lower than during the same period in FY04 by 18.9% it expects full FY05 net income to increase by 7.7% over FY04. For those unfamiliar with Advantest, it is a leading manufacturer of automated test equipment used with semiconductors and electronics.

Financial results for Q3-FY05 in billions of yen and year-over-year same period increase:

    • Orders: Y75.7 billion (YOY +65.2%)
    • Net Sales: Y67.8 billion (YOY +59.0%)
    • Operating Income: Y17.8 billion (YOY +148.3%)
    • Income Before Tax: Y18.6 billion (YOY +172.7%)
    • Net Income: Y11.3 billion (YOY +172.7%)

Using an exchange rate of Y118/US$1 (an approximation of where the rate stood at the end of 2005) I have converted Advantest's above figures into USD.

    • Orders: $641.5 million
    • Net Sales: $574.6 million
    • Operating Income: $150.8 million
    • Income Before Tax: $157.6 million
    • Net Income: $96 million

For the fiscal year ending in March, Advantest is forecasting the following year-over-year increases against FY04 results:

    • Orders: +9.9%
    • Net Sales: +4.4%
    • Operating Income: +5.4%
    • Income Before Tax: +6.8%
    • Net Income: +7.7%

For more information on its business segments, regional performance, balance sheet, and future growth forecast, see its investor presentation.

At the time of publishing this post Advantest's ADRs (ATE) were up $1.01 (+3.74%) to $28.02 in morning trading. Advantest ended trading Thursday in Tokyo up 3.24%.

ATE 1-yr chart:

Source: Advantest Reports Q3 FY05 Earnings -- Net Income Increases 172% (ATE)