Anritsu (6754) Q1 2026 earnings summary

Executive summary

• Revenue for the first quarter FY2025 declined 6.4% year-over-year to ¥23.6B, with orders and backlog also decreasing by about 3%.

• Operating profit surged 115% year-over-year to ¥1.3B, while net profit fell 19% to ¥0.6B.

• Comprehensive income dropped sharply by 94% year-over-year to ¥194M.

Financial highlights

• Gross profit was ¥11.7B with a margin of 49.7%, up from 46.2% a year earlier.

• Free cash flow reached ¥3.5B; operating cash flow margin was 18.3%.

• Cash at period end: ¥50.7B; interest-bearing debt: ¥6.3B.

• Basic and diluted EPS were ¥4.55, down from ¥5.43 year-over-year.

• Total assets were ¥154.0B; equity attributable to owners of parent was ¥120.6B.

Outlook and guidance

• Full-year FY2025 forecast unchanged: revenue ¥123.0B (+9% YoY), operating profit ¥15.0B (+24% YoY), net profit ¥11.0B (+19% YoY).

• Segment revenue growth expected in Test and Measurement (+9.8%), PQA (+6.2%), and Environmental Measurement (+17.0%).

• T&M and PQA segments expected to drive profit growth.