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    Shimamoto Takashi • Okasan Securities

    Shimamoto Takashi's questions to Advantest Corp (ATEYY) leadership

    Shimamoto Takashi's questions to Advantest Corp (ATEYY) leadership • Q3 2024

    Question

    Shimamoto Takashi of Okasan Securities requested a breakdown of the SoC TAM estimate, asking for the AI-specific portion for CY'24 and CY'25. Alternatively, he asked for the market split between 'computing/communications' and 'automotive/industrial/consumer' applications.

    Answer

    Executive Makoto Nakahara responded that it is difficult to isolate the AI-only portion of the TAM. For the alternative breakdown, he provided a ballpark market estimate of a 70-30 split, with 70% for computing and communications. He expects this split to remain similar in 2025, though the computing segment will likely show a higher growth rate.

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    Shimamoto Takashi's questions to Advantest Corp (ATEYY) leadership • Q3 2024

    Question

    Shimamoto Takashi requested a breakdown of the SoC TAM estimate for calendar years 2024 and 2025, asking for either the AI-specific portion or the split between computing/communications and automotive/industrial/consumer applications.

    Answer

    Makoto Nakahara, an executive, stated that it is difficult to isolate the AI portion of the TAM. He provided an approximate split for the broader categories, estimating that computing and communications represent about 70% of the market, with the remaining 30% from other applications. An executive confirmed this 70-30 split is expected to remain similar for both 2024 and 2025, though the computing/communications segment will have a higher growth rate due to its larger base.

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    Shimamoto Takashi's questions to Advantest Corp (ATEYY) leadership • Q1 2024

    Question

    Shimamoto Takashi of Okasan Securities sought more detail on the upward revision for SoC testers, asking if longer-than-expected test times were the primary factor. He also questioned if this stronger outlook was already considered in the Mid-Term Management Plan (MTP3) briefing held a month prior.

    Answer

    Executive Douglas Lefever confirmed that both Advantest and its customers were surprised by the unpredictable test times of new complex devices. Makoto Nakahara specified that a rapid production ramp-up in the last month was the main driver. An executive clarified that while it's a good start for the MTP3, the outlook for FY25 and FY26 remains uncertain, so the three-year plan itself has not been revised.

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    Shimamoto Takashi's questions to Advantest Corp (ATEYY) leadership • Q3 2024

    Question

    Shimamoto Takashi from Okasan Securities requested a breakdown of the SoC TAM estimate for CY '24 and '25, asking to either isolate the AI portion or provide the split between 'computing/communications' and 'automotive/industrial/consumer'.

    Answer

    Executive Makoto Nakahara stated it is difficult to isolate the AI-specific TAM. However, he provided an approximate 70-30 split for the SoC TAM, with 70% from computing/communications and 30% from automotive/industrial/consumer. He indicated this split would remain similar for both CY '24 and '25, but the computing/communications segment would see a higher growth rate due to its larger base.

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