KK Advantest

6857

Equity

ISIN JP3122400009 / Valor 761420

Tokyo Stock Exchange (2024-09-17)

JPY 6,016.00-5.63%

KK Advantest
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About company

KK Advantest operates primarily within the semiconductor industry, focusing on the development and manufacturing of testing equipment and systems for semiconductors. The company's business is segmented into three main areas: Semiconductor and Component Test Systems, which form the bulk of its sales; Mechatronics Systems, dealing with test system peripherals; and Services, Support, and Other, which includes customer support and system-level test products. Advantest's product lineup is diverse, catering to a wide range of semiconductor testing needs, from system-on-chip (SoC) and memory semiconductors to nanotechnology products for front-end semiconductor manufacturing processes. The company's SoC testers are designed to assess a variety of devices beyond memory chips, including logic, analog, and RF semiconductors, highlighting the company's capability to support the testing of low-cost IoT devices to high-end semiconductors. Additionally, Advantest provides test handlers and device interfaces, creating integrated "test cells" that aim to enhance both the quality and efficiency of semiconductor testing processes. This comprehensive portfolio positions Advantest as a key player in the semiconductor testing equipment market, addressing the intricate and evolving demands of semiconductor manufacturers and related industries.

Summarized from source with an LLMView SourceSector: Technology

Net Sales Decline

KK Advantest reported net sales of ¥350.7 billion for the third quarter of 2023, marking a 15.0% decrease compared to the same period in the previous year. This decline was attributed to reduced demand for semiconductors used in consumer electronics and data centers.

Operating Income Drop

Operating income for KK Advantest in Q3 2023 was ¥62.1 billion, a significant 51.9% decrease from the previous year's corresponding period. The drop was primarily due to lower sales and an unfavorable sales mix, coupled with increased raw material costs.

Income Before Taxes

KK Advantest's income before income taxes for the third quarter of 2023 stood at ¥59.6 billion, reflecting a 55.2% decrease year-over-year. This decline was influenced by higher financial expenses, including foreign exchange losses.

Net Income Reduction

For Q3 2023, KK Advantest reported a net income of ¥47.1 billion, which is a 52.8% decrease compared to the same quarter in the previous year. The reduction in net income was driven by lower sales and increased costs.

Cash Flow from Operating Activities

KK Advantest experienced a net cash outflow of ¥2.8 billion from operating activities in the third quarter of 2023, contrasting with a net cash inflow of ¥46.5 billion in the same period last year. This was mainly due to higher income taxes paid and increased inventory levels.

Summarized from source with an LLMView Source

Key figures

44.7%1Y

112%3Y

412%5Y

Performance

55.5%1Y

46.9%3Y

46.4%5Y

Volatility