VAN Balance Sheet - Advantest Corp

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Price: 189.76 EUR -0.05%

Market Cap: €140.1B

A	Advantest Corp XMUN:VAN	JP
K	Kirin Holdings Co Ltd OTC:KNBWF	JP
W	Wolters Kluwer NV XMUN:WOSB	NL
S	Sherwin-Williams Co F:SJ3	US
A	Adyen NV XETRA:1N8	NL
	Daimler Truck Holding AG OTC:DTGHF	DE

Financial profile · Q1 FY2027

A rapidly scaling semiconductor tester with widening margins and durable cash generation

Advantest’s multi-year record shows a cyclical semiconductor-equipment model that can scale revenue rapidly while expanding operating leverage. Free cash flow has remained positive as capital spending stayed modest relative to operating cash generation, although working-capital swings can materially affect conversion.

What is developing

The June 30, 2026 quarter extended the established growth-and-margin pattern, but bottom-line growth was additionally amplified by valuation gains on financial instruments tied to strategic investments. That makes the latest earnings mix more non-operational than the operating result alone suggests.

What matters next

Whether operating cash flow continues to cover capital spending while inventory-related working-capital absorption moderates.

Metric	FY2017 Mar 2017	FY2018 Mar 2018	FY2019 Mar 2019	FY2020 Mar 2020	FY2021 Mar 2021	FY2022 Mar 2022	FY2023 Mar 2023	FY2024 Mar 2024	FY2025 Mar 2025	FY2026 Mar 2026
Cash & Cash Equivalents	95.3B	104B	119.9B	127.7B	149.2B	116.6B	85.5B	106.7B	262.5B	340B
Cash Equivalents	95.3B	104B	119.9B	127.7B	149.2B	116.6B	85.5B	106.7B	262.5B	340B
Total Receivables	32.5B	37.9B	51.8B	46.4B	57B	82.2B	102.2B	88.9B	113B	228.7B
Accounts Receivables	31B	34.2B	49.9B	44.1B	54.1B	72.4B	89.8B	74.2B	100.9B	209.1B
Other Receivables	1.5B	3.7B	1.9B	2.3B	2.9B	9.8B	12.4B	14.7B	12.1B	19.6B
Inventory	39.1B	49.6B	57.1B	58.9B	64.3B	95B	169.1B	204.4B	209.7B	231.7B
Other Current Assets	4.3B	5.6B	4.4B	7.1B	8.6B	11.2B	17.9B	20.3B	14.5B	36B
Total Current Assets	171.1B	197.1B	233.3B	240.1B	279.1B	304.9B	374.7B	420.3B	599.8B	836.4B
PP&E Net	29.9B	29.2B	30.8B	46.3B	53.3B	64B	81.4B	98B	96.9B	121.6B
PP&E Gross	29.9B	29.2B	30.8B	46.3B	53.3B	64B	81.4B	98B	96.9B	121.6B
Accumulated Depreciation	(64.6B)	(58B)	(59.1B)	(67.1B)	(70.3B)	(77.9B)	(89.3B)	(109B)	(116.7B)	(124.2B)
Intangible Assets	1.6B	1.2B	1.3B	4.1B	21.8B	22.1B	32.7B	33.3B	17.2B	18.6B
Goodwill	14.9B	14.1B	24.8B	46.9B	32.8B	63.2B	63.1B	65.3B	61.2B	65.7B
Long-Term Investments	3.8B	2.8B	3.2B	3B	10.2B	14.6B	21.5B	20.1B	30.2B	71.9B
Other Long-Term Assets	10.2B	10.1B	11.2B	15.4B	25.5B	25.8B	26.9B	34.3B	49B	57.6B
Other Assets	14.9B	14.1B	24.8B	46.9B	32.8B	63.2B	63.1B	65.3B	61.2B	65.7B
Total Assets	231.6B	254.6B	304.6B	355.8B	422.6B	494.7B	600.2B	671.2B	854.2B	1.2T
Accounts Payable	19.2B	31.4B	28.6B	31.4B	40.3B	49.6B	66.2B	128.4B	178B	236.4B
Accrued Liabilities	9.3B	11.9B	15.4B	15.2B	18.3B	20.8B	23.1B	25.3B	28.9B	37.8B
Short-Term Debt	0	0	0	0	0	18.4B	0	0	0	0
Current Portion of Long-Term Debt	15B	29.9B	—	2.3B	2.5B	2.9B	17.9B	5.1B	80B	5B
Other Current Liabilities	7.9B	14.1B	18.9B	21.6B	28.8B	59.3B	67.5B	44.3B	129.7B	193.2B
Deferred Revenue	—	—	—	—	—	—	19.8B	18.2B	28.8B	40.1B
Total Current Liabilities	51.4B	87.2B	62.8B	70.5B	89.8B	150.9B	174.7B	126.3B	309.4B	330.3B
Long-Term Debt	29.7B	0	0	9B	9.4B	22.2B	32.9B	89.3B	13.5B	15.2B
Deferred Income Tax	420m	1.1B	1.7B	1.6B	4.5B	3.4B	5.8B	3.9B	4.7B	6.4B
Other Liabilities	40.5B	41.7B	41.3B	43.2B	38.6B	23.6B	18.2B	20.5B	20B	24.1B
Total Liabilities	122.1B	129.9B	105.8B	124.3B	142.3B	200.1B	231.5B	240.1B	347.7B	376.1B
Common Stock	32.4B	32.4B	32.4B	32.4B	32.4B	32.4B	32.4B	32.4B	32.4B	32.4B
Retained Earnings	113.7B	125.2B	125.9B	159.8B	214.9B	279.8B	319.2B	355.3B	489.9B	655.6B
Additional Paid In Capital	44.3B	43.5B	43B	43.6B	44.6B	45B	44.6B	45.4B	46.7B	52.5B
Unrealized Security Profit/Loss	—	—	—	—	—	—	—	—	(2.7B)	30.5B
Treasury Stock	(86B)	(77.7B)	(6.3B)	(4.2B)	(15B)	(81.5B)	(59.1B)	(56.4B)	(104.2B)	(44.4B)
Other Equity	5.2B	1.3B	3.7B	(85m)	3.6B	19B	31.6B	54.4B	44.5B	69.2B
Total Equity	109.5B	124.6B	198.7B	231.5B	280.4B	294.6B	368.7B	431.2B	506.5B	795.7B
Total Liabilities & Equity	231.6B	254.6B	304.6B	355.8B	422.6B	494.7B	600.2B	671.2B	854.2B	1.2T
Common Shares Outstanding	176.8m	179m	197.8m	198.4m	785.7m	759.6m	736.9m	738.4m	733.7m	725.5m