Advantest 9-month Profit Rises, Net Sales Up 37.6%; Affirms Guidance

(RTTNews) - Advantest Corp. (ATE) reported net income of 99.8 billion yen for the nine months ended December 31, 2022, up 63.9% from last year. Earnings per share was 529.01 yen compared to 310.03 yen. The company noted that, although procurement costs rose, sales mix tilted towards more-profitable products, and the weaker yen also had the effect of increasing sales and profits. Net sales were 412.8 billion yen, an increase of 37.6% from previous year.

Advantest has not changed its full-year consolidated earnings forecast for fiscal 2022. The company expects net sales of 550.0 billion yen, and net income of 130.0 billion yen.

Also, Advantest announced it entered into an agreement to acquire Taiwan-based Shin Puu Technology Co., Ltd., a supplier of printed circuit boards that manufactures and assembles PCBs, key components used in electronics.

Advantest CEO Yoshiaki Yoshida said: "The acquisition of Shin Puu is part of our medium- to long-term growth strategy to expand our test and measurement solutions across the continuously evolving semiconductor value chain."

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