Japan’s Advantest expects 6% annual profit growth as AI boosts testing

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Japanese chip testing equipment maker Advantest forecast its operating profit to grow 6% next fiscal year on Friday, buoyed by demand for its testing tools for chips used in the artificial intelligence tasks. Advantest “does not recognise more than a minor direct impact” from tariffs but the business environment is increasingly uncertain, the company said in an earnings release.

The company reported a net profit of 228.2 billion yen ($1.59 billion) for the year ended March 31, sharply higher from 81.6 billion yen in fiscal year 2024.

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Japan’s Advantest expects 6% annual profit growth as AI boosts testing


Japanese chip testing equipment maker Advantest forecast its operating profit to grow 6% next fiscal year on Friday, buoyed by demand for its testing tools for chips used in the artificial intelligence tasks. Advantest “does not recognise more than a minor direct impact” from tariffs but the business environment is increasingly uncertain, the company said in an earnings release.

The company reported a net profit of 228.2 billion yen ($1.59 billion) for the year ended March 31, sharply higher from 81.6 billion yen in fiscal year 2024.

Advantest…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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