ADVANTEST CORP to Merge with Subsidiary; Lowers Consolidated Full-year Outlook for FY 2013

ADVANTEST CORP announced that it has decided to merge with a wholly owned subsidiary, Advantest Systems Corporation, which is engaged in software development, effective April 1, 2013. After this, the Company will be the surviving company and the subsidiary will be dissolved. The Company also announced that it has lowered the consolidated full-year outlook for revenue for revenue from JPY 140,000~160,000 million to JPY 132,000 million and operating profit from JPY 6,000 million ~ JPY 16,000 million to JPY 2,500 million for the fiscal year ending March 31, 2013. The negative outlook is mainly due to the low market demand.