Anritsu (6754) Q1 2025 earnings summary

Executive summary

• Orders rose 12.9% year-over-year to ¥25,986 million, with revenue up 10.9% to ¥25,229 million for the quarter ended June 30, 2024.

• Operating profit reached ¥622 million, reversing a loss of ¥57 million in the prior year period.

• All major business segments—T&M, PQA, and Environmental Measurement—reported year-over-year revenue and operating profit growth.

• Growth driven by strong demand in data center network testing, generative AI, and automation in quality assurance for food markets.

• Capital investment in T&M resumed, with steady demand for higher-speed fixed networks and strong data center market performance.

Financial highlights

• 1Q FY2024 revenue reached ¥25,229 million, up from ¥22,700 million year-over-year.

• Operating profit improved to ¥622 million from a loss of ¥57 million in the prior year.

• Net profit attributable to owners of parent rose to ¥716 million, a 185.6% increase year-over-year.

• Free cash flow improved to ¥3,084 million from ¥1,212 million year-over-year.

• Cash and cash equivalents at period end were ¥47,172 million; interest-bearing debt at ¥7,276 million.

Outlook and guidance

• Full-year FY2024/FY2025 guidance: revenue forecast at ¥115,000 million, operating profit at ¥11,000 million, and net profit at ¥8,300 million.

• T&M segment revenue expected to grow 3.9–5% year-over-year, with operating profit up 22%.

• PQA and Environmental Measurement segments also forecasted to see revenue and profit growth.

• Dividend forecast maintained at ¥40 per share for FY2025.