Japan's Advantest hikes annual profit forecast by 21.4%

TOKYO, Jan 28 : Japan's Advantest on Wednesday hiked its operating profit by 21.4 per cent to 454 billion yen ($2.98 billion) for the financial year ending March 2026 as spending on artificial intelligence drives demand for its chip-testing equipment.

Advantest booked record sales during the October-December quarter and reported that operating profit jumped 64 per cent to 113.6 billion yen compared to the same period a year earlier.

($1 = 152.6000 yen)