Advantest Management
Management criteria checks 2/4
Advantest's CEO is Douglas Lefever, appointed in Apr 2024, has a tenure of 2.17 years. total yearly compensation is ¥912.00M, comprised of 14.4% salary and 85.6% bonuses, including company stock and options. directly owns 0.002% of the company’s shares, worth ¥462.53M. The average tenure of the management team and the board of directors is 2.2 years and 6 years respectively.
Key information
Douglas Lefever
Chief executive officer
JP¥912.0m
Total compensation
| CEO salary percentage | 14.36% |
| CEO tenure | 2.2yrs |
| CEO ownership | 0.002% |
| Management average tenure | 2.2yrs |
| Board average tenure | 6yrs |
Recent management updates
Recent updates
Narrative Update • Jun 07
6857: AI Test Demand And Automation Advances Will Support Further Upside
Analysts have kept Advantest's fair value estimate steady at ¥39,200. The latest price target update reflects a recalibrated view on growth, profitability and valuation following recent Street research upgrades.
Narrative Update • May 24
6857: AI And HPC Optimism Will Outpace Earnings Despite Recent Upgrade
Analysts have raised their price target on Advantest to ¥23,000 from about ¥21,865. They cite updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E following recent research that includes an upgrade at a major brokerage.Analysis Article • Apr 29
Advantest Corporation Just Beat EPS By 12%: Here's What Analysts Think Will Happen Next
Advantest Corporation ( TSE:6857 ) investors will be delighted, with the company turning in some strong numbers with...Narrative Update • Apr 27
6857: AI Test Demand And New Solutions Will Support Further Upside
Analysts have raised their price target for Advantest from ¥32,300 to ¥39,200, citing updated assumptions for growth, profitability and a higher future P/E multiple in recent research. Analyst Commentary Bullish Takeaways Bullish analysts point to the higher price target of ¥39,200 as a sign that updated P/E assumptions and earnings expectations are supporting a richer valuation base than before.Narrative Update • Apr 13
6857: AI And HPC Hype Will Outrun Earnings Despite Aggressive Buybacks
Analysts have raised their price target for Advantest from approximately ¥15,900 to about ¥21,900, citing updated assumptions for higher revenue growth, a stronger profit margin profile, and a slightly lower projected P/E multiple. What's in the News Advantest reported completing a share repurchase of 2,048,700 shares, about 0.28% of outstanding shares, for ¥67,680.2 million under the buyback announced on October 28, 2025.
Narrative Update • Mar 30
6857: Capital Returns And Margin Strength Will Support Future Upside
Analysts have raised their price target on Advantest from about ¥19,200 to roughly ¥28,400, citing updated assumptions for higher revenue growth, stronger profit margins and a slightly different P/E outlook as key drivers of the change. What's in the News A board meeting is scheduled for January 28, 2026, to discuss the cancellation of treasury shares, indicating a focus on capital structure decisions (company filing).Narrative Update • Mar 16
6857: AI And HPC Hype Will Outpace Earnings Despite Share Cancellations
Analysts have lifted their price target for Advantest from about ¥12,472 to roughly ¥15,926, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News A board meeting is scheduled for January 28, 2026 to consider the cancellation of treasury shares, which can affect share count and capital structure (Board Meeting).Narrative Update • Mar 02
6857: AI Test Demand Will Support Stronger Margins And Future Upside
Analysts have raised their Advantest price target to ¥32,300, reflecting updated assumptions that include slightly adjusted discount rates, a modestly higher revenue growth outlook, stronger profit margin expectations, and a lower future P/E multiple. What's in the News Revised earnings guidance for the year ending March 31, 2026, with expected net sales of ¥1,070,000m, operating income of ¥454,000m, and net income attributable to owners of the parent of ¥328,500m, or basic EPS of ¥452.34, compared with previous guidance that referenced net sales of ¥950.0b and operating income of ¥374.0b (Corporate guidance).Narrative Update • Feb 16
6857: AI Test Demand And New Products Will Drive Future Upside
Analysts have raised their price target on Advantest from ¥26,100 to ¥32,300, reflecting updated assumptions regarding revenue growth, profit margins, the future P/E multiple, and a slightly lower discount rate. What's in the News Revised consolidated earnings guidance for the year ending March 31, 2026, with expected net sales of ¥1.07b, operating income of ¥454.0b, net income of ¥328.5b, and basic EPS of ¥452.34, compared with prior guidance of net sales of ¥950.0b, operating income of ¥374.0b, and net income of ¥275.0b (corporate guidance).Narrative Update • Feb 02
6857: AI And HPC Hype Will Likely Outrun Earnings Reality
Analysts have lifted their price target on Advantest by roughly 20%, citing updated assumptions that reflect higher modeled revenue growth, an improved profit margin outlook, and a lower future P/E multiple. What's in the News Advantest plans a board meeting on January 28, 2026 to consider cancelling treasury shares, following recent share repurchases under its buyback program (company filing).Analysis Article • Jan 31
Advantest Corporation Just Recorded A 61% EPS Beat: Here's What Analysts Are Forecasting Next
Advantest Corporation ( TSE:6857 ) just released its latest quarterly results and things are looking bullish. Statutory...Analysis Article • Jan 28
Earnings Tell The Story For Advantest Corporation (TSE:6857) As Its Stock Soars 29%
Advantest Corporation ( TSE:6857 ) shareholders would be excited to see that the share price has had a great month...Narrative Update • Jan 18
6857: AI Tester Demand And Higher Margins Will Drive Future Upside
Analysts have increased their fair value estimate for Advantest from ¥16,000 to ¥26,100, citing updated assumptions that combine a slightly higher discount rate and P/E multiple with meaningfully higher projected profit margins and adjusted revenue growth expectations. What's in the News Advantest announced a share repurchase program of up to 18,000,000 shares, or 2.47% of outstanding shares, for up to ¥150,000 million, running through October 28, 2026, with the stated aim of shareholder returns and capital efficiency (Buyback Transaction Announcements).Narrative Update • Jan 04
6857: Elevated AI Tester Expectations Will Likely Prove Unsustainable
Analysts have raised their price target for Advantest significantly, from approximately ¥6,973 to about ¥10,429. They cited upgraded expectations for revenue growth, structurally higher profit margins, and a slightly lower future price to earnings multiple that still supports a richer fair value.Narrative Update • Dec 15
6857: New Test Platforms Will Support Future Returns At A Fair Price
Analysts have modestly raised their price target on Advantest to approximately ¥19,218, citing a slightly higher assumed discount rate while maintaining largely unchanged expectations for long term revenue growth, profit margins, and future valuation multiples. What's in the News Launched the T2000 AiR2X next generation air cooled SoC test system, doubling test resources versus the prior AiR platform while remaining compatible with existing T2000 installations and targeting high mix, low volume and legacy system replacement demand (company announcement).Narrative Update • Dec 01
6857: Shareholder Returns And New Solutions Will Balance Higher Market Expectations
Analysts have raised their price target for Advantest from ¥16,436 to ¥19,218. This increase is attributed to improved expectations for revenue growth, higher profit margins, and a lower discount rate.Narrative Update • Nov 16
6857: Softer Revenue Outlook And Lower Margins Will Challenge Near-Term Upside
Analysts have raised their price target for Advantest from ¥14,609 to ¥16,436, citing ongoing confidence in the company's valuation even though projections for revenue growth and profit margins are slightly softer. What's in the News Advantest revised its full-year consolidated earnings forecast upward for the fiscal year ending March 31, 2026, citing surging demand from AI-related semiconductor growth.Narrative Update • Nov 02
6857: Margins Will Likely Peak As Market Overenthusiasm Signals Pullback Ahead
Analysts have raised their price target for Advantest from ¥12,873 to ¥14,609. They cite expectations for stronger revenue growth and improving profit margins.Analysis Article • Oct 31
Why Investors Shouldn't Be Surprised By Advantest Corporation's (TSE:6857) 58% Share Price Surge
Despite an already strong run, Advantest Corporation ( TSE:6857 ) shares have been powering on, with a gain of 58% in...Analysis Article • Oct 30
JP¥14,609 - That's What Analysts Think Advantest Corporation (TSE:6857) Is Worth After These Results
The investors in Advantest Corporation 's ( TSE:6857 ) will be rubbing their hands together with glee today, after the...Narrative Update • Oct 19
AI And Advanced Node Adoption Will Drive Semiconductor Testing Expansion
Analysts have raised their price target for Advantest from ¥12,625 to ¥12,873. This change reflects updated expectations for revenue growth and modest adjustments to discount rates and profitability assumptions.Narrative Update • Oct 05
AI And Advanced Node Adoption Will Drive Semiconductor Testing Expansion
Advantest's analyst price target has been raised from ¥11,988 to ¥12,625 as analysts anticipate stronger revenue growth and improving profit margins, which are expected to drive fair value higher. What's in the News Advantest launched the Advantest Power Optimization Solution (APOS) for its V93000 SoC test platform, which helps semiconductor manufacturers reduce energy consumption and improve sustainability by managing tester power usage in real time (Key Developments).Narrative Update • Sep 20
AI And Advanced Node Adoption Will Drive Semiconductor Testing Expansion
The upward revision in Advantest's price target reflects modestly improved revenue growth expectations, while valuation multiples remain stable, resulting in an increased fair value to ¥11,988. What's in the News Launched the 7038 Single Test Rack (STR) system, offering scalable, liquid-cooled, and asynchronous SLT/BI solutions tailored for AI, HPC, and automotive devices, addressing growing power and complexity requirements.Analysis Article • Sep 16
Advantest Corporation's (TSE:6857) 25% Share Price Surge Not Quite Adding Up
Advantest Corporation ( TSE:6857 ) shares have continued their recent momentum with a 25% gain in the last month alone...Narrative Update • Sep 05
AI And Advanced Node Adoption Will Drive Semiconductor Testing Expansion
With both the discount rate and future P/E remaining effectively unchanged, analysts have maintained Advantest’s fair value estimate at ¥11,467. What's in the News Advantest will present new sustainable test technologies at SEMICON Taiwan, aligning with its vision to lead in semiconductor test solutions; its Taiwanese subsidiary marks its 30th anniversary.Analysis Article • Aug 07
Solid Earnings Reflect Advantest's (TSE:6857) Strength As A Business
TSE:6857 1 Year Share Price vs Fair Value Explore Advantest's Fair Values from the Community and select yours Even...Analysis Article • Aug 01
Advantest Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Advantest Corporation ( TSE:6857 ) investors will be delighted, with the company turning in some strong numbers with...Analysis Article • Jul 17
Do Advantest's (TSE:6857) Earnings Warrant Your Attention?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | JP¥375b |
| Dec 31 2025 | n/a | n/a | JP¥288b |
| Sep 30 2025 | n/a | n/a | JP¥262b |
| Jun 30 2025 | n/a | n/a | JP¥227b |
| Mar 31 2025 | JP¥912m | JP¥131m | JP¥161b |
| Dec 31 2024 | n/a | n/a | JP¥136b |
| Sep 30 2024 | n/a | n/a | JP¥106b |
| Jun 30 2024 | n/a | n/a | JP¥77b |
| Mar 31 2024 | JP¥329m | JP¥99m | JP¥62b |
| Dec 31 2023 | n/a | n/a | JP¥78b |
| Sep 30 2023 | n/a | n/a | JP¥85b |
| Jun 30 2023 | n/a | n/a | JP¥103b |
| Mar 31 2023 | JP¥279m | JP¥78m | JP¥130b |
| Dec 31 2022 | n/a | n/a | JP¥126b |
| Sep 30 2022 | n/a | n/a | JP¥123b |
| Jun 30 2022 | n/a | n/a | JP¥104b |
| Mar 31 2022 | JP¥280m | JP¥64m | JP¥87b |
| Dec 31 2021 | n/a | n/a | JP¥94b |
| Sep 30 2021 | n/a | n/a | JP¥81b |
| Jun 30 2021 | n/a | n/a | JP¥79b |
| Mar 31 2021 | JP¥191m | JP¥66m | JP¥70b |
Compensation vs Market: Douglas's total compensation ($USD5.65M) is above average for companies of similar size in the JP market ($USD1.29M).
Compensation vs Earnings: Douglas's compensation has increased by more than 20% in the past year.
CEO
Douglas Lefever (56 yo)
2.2yrs
Tenure
JP¥912,000,000
Compensation
Mr. Douglas Lefever serves as Group Chief Executive Officer at Advantest Corporation since April 01, 2024 and serves as its Representative Director since January 2023. He served as Corporate Vice President...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO | 2.2yrs | JP¥912.00m | 0.0020% ¥ 441.5m | |
| President | 2.2yrs | JP¥197.00m | 0.010% ¥ 2.3b | |
| Senior Executive Officer & CFO | 1.2yrs | no data | no data | |
| CTO, Executive VP of ATE Business Group & Senior Executive Officer | no data | no data | no data | |
| Corporate Planning & Investor Relations Manager | no data | no data | no data | |
| Chief Legal Officer & Senior Executive Officer | 1.4yrs | no data | no data | |
| Managing Executive Officer & Chief Production Officer | 18yrs | JP¥116.00m | no data | |
| Senior Executive Officer | 1.4yrs | no data | no data | |
| Chief Human Capital Officer & Senior Executive Officer | 12yrs | no data | no data | |
| China Business Strategy & Senior Executive Officer | no data | no data | no data | |
| Executive Officer & Senior VP of Sales Group | 9yrs | no data | no data | |
| Chief Stakeholder Relations Officer & Senior Executive Officer | 1.4yrs | no data | no data |
2.2yrs
Average Tenure
61yo
Average Age
Experienced Management: 6857's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO | 6yrs | JP¥912.00m | 0.0020% ¥ 441.5m | |
| President | 6yrs | JP¥197.00m | 0.010% ¥ 2.3b | |
| Director | 11yrs | no data | 0.0029% ¥ 648.0m | |
| Non-Executive Chairman of the Board | 13yrs | JP¥162.00m | 0.041% ¥ 9.0b | |
| Independent Outside Director | 7yrs | no data | 0.00070% ¥ 153.8m | |
| Independent Outside Director | 3yrs | no data | 0.00018% ¥ 39.5m | |
| Independent Outside Director | 7yrs | no data | 0.00041% ¥ 90.1m | |
| Independent Outside Director | 6yrs | no data | 0.00061% ¥ 134.0m | |
| Independent Outside Director | 3yrs | no data | 0.00018% ¥ 39.5m |
6.0yrs
Average Tenure
68yo
Average Age
Experienced Board: 6857's board of directors are considered experienced (6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 13:24 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Advantest Corporation is covered by 31 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Steven Liu | Aletheia Analyst Network Limited |
| Warren Lau | Aletheia Analyst Network Limited |
| Stacy Rasgon | Bernstein |