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Advantest's ¥150bn Share Buyback Nears Its Spending Cap With Two-Thirds of Shares Still Unbought

Advantest has spent virtually all of the ¥150bn set aside for its share buyback but filled only a third of the 18 million-share ceiling the board authorized, leaving the value cap effectively reached with two months still on the clock before the program's October 2026 expiry.

Sep 15, 20262 min readADVANTEST CORPORATION6857
Illustration of two bar-chart columns made of stacked coin discs, one reaching a ceiling line and one falling well short, representing a capital-return program that hit its spending cap before its share-count target.

Advantest's monthly self-share purchase report, filed with the Kanto Local Finance Bureau on September 15, 2026, shows the chipmaker has effectively used up the cash ceiling on its buyback program while still holding well below the share-volume limit the board approved.

The board authorized the program on October 28, 2025, permitting purchases of up to 18,000,000 shares for up to ¥150bn between November 4, 2025 and October 28, 2026. During August 2026 alone, Advantest bought 459,700 shares for ¥15.62bn across 14 trading days, including a single-day purchase of 93,000 shares for ¥3.36bn on August 20.

That brought cumulative repurchases through August 31 to 5,759,000 shares for ¥149,996,716,000, close enough to the ¥150bn ceiling that the filing itself records the value progress as 100.00%. The share-count progress, by contrast, stands at just 31.99% of the 18 million-share cap.

Buyback Progress vs. Authorization Caps
Cumulative repurchases through August 31, 2026, against the board's October 2025 authorization.
MeasureCumulative (through Aug 31, 2026)Board AuthorizationProgress
Shares repurchased5,759,000 shares18,000,000 shares31.99%
Value repurchased¥149,996,716,000 (~¥150.0bn)¥150,000,000,000 (~¥150bn)100.00%

The gap between the two figures means Advantest reached its yen-denominated spending limit long before exhausting the share-count allowance, with roughly two months still remaining in the authorized buying window that runs to October 28, 2026.

The same filing shows Advantest disposed of 131,161 treasury shares worth ¥1,932,919,657 on August 28 as restricted stock compensation, drawing down part of what it had bought back. As of August 31, 2026, the company held 10,047,051 treasury shares against 732,000,000 shares outstanding.