Anritsu Corporation

Anritsu Corporation

2,845.50
JPY
-122.50
(-4.13%)
350.44BMarket Cap
Oct 29Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
710.7
700.9
695.54
638.29
625.97
725.49
778.94
770.78
774
837.08
835.06
859.46
917.3
- -
Basic EPS, GAAP
65.02
55.84
27.43
19.91
21.1
65.2
97.2
117.18
93.98
69.97
58.29
70.42
91.19
- -
Free Cash Flow per Basic Share
62.95
18.22
18.42
52.47
40.06
73.77
86.55
129.43
96.14
7.03
97.11
131.9
98.45
- -
Dividend per Share
22.5
22.35
24
19.5
14.99
16
24.49
35.49
44.63
40.24
39.99
40.09
40.13
- -
Book Value per Share
522.53
572.04
552.25
556.4
569.54
622.86
685.25
794.88
846.15
890.77
952.65
963.38
1,036.92
1,036.92
Tangible Book Value per Share
508.42
553.43
528.87
529.3
540.47
596.75
657.36
757.17
782.59
826.34
890.18
900.11
897.73
897.73
Basic Weighted Avg Shares
143
141
137
137
137
137
137
137
136
133
132
131
128
129
Sales/Revenue/Turnover
101,853
98,839
95,532
87,638
85,967
99,659
107,023
105,939
105,387
110,919
109,952
112,979
117,462
- -
Operating Margin (%)
13.87
11.01
6.17
4.83
5.71
11.29
16.27
18.55
15.66
10.59
8.17
10.73
12.63
- -
Depreciation Expense
3,052
3,371
3,969
4,197
4,285
4,386
4,999
4,946
5,132
5,693
5,888
5,707
6,014
- -
Net Income, GAAP
9,318
7,874
3,767
2,734
2,898
8,957
13,355
16,105
12,796
9,272
7,675
9,257
11,677
- -
Effective Tax Rate (%)
34.56
32.06
30.68
24.61
37.01
20.87
22.02
18.63
25.13
25.58
22.88
27.31
27.68
- -
Profit Margin (%)
9.15
7.97
3.94
3.12
3.37
8.99
12.48
15.2
12.14
8.36
6.98
8.19
9.94
- -
Working Capital
56,214
49,610
58,991
54,027
52,773
62,743
61,663
68,595
70,699
70,897
75,251
77,465
76,854
76,854
LT Debt
11,960
9,479
20,434
14,460
11,477
10,978
2,994
- -
2,990
2,993
- -
2,991
2,994
2,994
Total Equity
74,896
78,665
75,862
76,485
78,313
85,677
94,331
109,454
114,442
117,515
125,525
124,268
132,717
132,717
Return on Invested Capital (%)
10.07
7.62
4.18
3.2
3.15
8.83
12.56
14.06
10.44
7.2
5.47
6.73
7.95
- -
Return on Capital (%)
10.91
8.81
4.35
3.4
3.43
9.32
13.16
14.69
11.19
8.03
6.29
7.27
8.99
- -
Return on Common Equity (%)
13.37
10.26
4.88
3.59
3.75
10.94
14.86
15.83
11.45
8.01
6.32
7.41
9.09
- -

Capital Structure

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
ST Debt
- -
570
570
LT Borrowings
- -
2,992
2,994
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
128
128
128
Market Capitalization
238,989
241,321
350,442

Working Capital

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
Total Current Assets
- -
106,251
109,404
Cash, Cash Equivalents & STI
- -
54,603
49,324
Accounts Receivable, Net
- -
24,397
29,295
Inventories
- -
24,085
26,281
Total Current Liabilities
- -
28,095
32,550
Payables & Accruals
- -
- -
- -
ST Debt
- -
570
570
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.86%
3.97%
6.8%
Free Cash Flow
147.47%
232.49%
-27.29%
Net Income, GAAP
23.88%
-3.71%
26.14%
Sales/Revenue/Turnover
2.27%
2.12%
3.97%
Total Cash Common Dividend
7.16%
1.73%
-2.49%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
22,742
28,153
26,886
32,171
109,952
2025
- -
- -
- -
- -
112,979
2026
- -
- -
- -
- -
117,462

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.9
19.33
8.61
28.48
58.29
2025
- -
- -
- -
- -
70.42
2026
- -
- -
- -
- -
91.19

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
20
- -
20
- -
39.99
2025
- -
- -
- -
- -
40.09
2026
- -
- -
- -
- -
40.13

Company Description

CEO
Hirokazu Hamada
Full Time Employees
4,114
Sector
Electronic technology
Industry
Electronic equipment/Instruments
Address
5-1-1 Onna Atsugi KN Japan 243-8555
IPO Date
Oct 2, 1961
Business
Anritsu Corporation develops, manufactures, and sells electronic measurement instruments and product quality assurance systems primarily for communications, food, pharmaceutical, and industrial applications worldwide. Founded in 1895 and headquartered in Atsugi, Japan, the company operates through three main segments: Test and Measurement, Product Quality Assurance, and Others, with the majority of revenue generated from Japan and international markets including the United States, Europe, China, and Southeast Asia. Its core Test and Measurement products encompass mobile and wireless communications testers including Bluetooth/WLAN analyzers, cable and antenna analyzers, conformance test systems, handset one-box testers, passive intermodulation analyzers, Open RAN testers, and signaling testers; optical measuring instruments such as optical time-domain reflectometers (OTDRs), optical loss test sets, power meters, spectrum analyzers, and video inspection probes; RF/microwave instruments including power meters, sensors, signal generators, spectrum analyzers, vector network analyzers, and transport/Ethernet testers; bit error rate testers; sampling oscilloscopes; high return loss connectors; cables; precision adapters; attenuators; and microwave components. In the Product Quality Assurance segment, Anritsu offers X-ray inspection systems, metal detectors, checkweighers, and automatic combination weighers for contaminants and quality control in food, pharmaceutical, and cosmetics industries; service assurance solutions; and environmental measurement tools, while the Others segment includes optical sensing for industry and healthcare, optical devices for communications, electron devices, logistics services, real estate leasing, and production management systems. Anritsu continues to advance solutions for 5G, 6G, IoT, data centers, e-mobility/battery testing, non-terrestrial networks, and ophthalmic diagnostics using superluminescent diodes and wavelength swept light sources. Recent major developments include the April 2025 acquisition of DEWETRON, a test and measurement specialist in EV/battery and vehicle testing, establishing it as a strategic partner to bolster growth in high-demand markets; the March 2025 French government approval of Anritsu's acquisition of 32.72% stake in SmartViser to enhance automated test solutions for smartphones, private networks, automotive, and sustainability initiatives following their February 2024 partnership; an October 2025 collaboration with Skylo Technologies for non-terrestrial network (NTN) test cases supporting satellite connectivity in transportation, logistics, agriculture, and mining; and the launch of a traceable 145GHz optical-electrical module for 1.6Tbps data center testing. Under its GLP2026 growth plan, Anritsu targets consolidated revenue of ¥140 billion with expanded M&A in pharmaceuticals and new areas, aiming for ¥200 billion by FY2030 through 6G advancements, organic growth, and synergies in emerging technologies.

Company News

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