Anritsu (6754) Q2 2027 earnings summary

Executive summary

• H1 FY2027 orders rose 59.6% to ¥87,841 million and backlog increased 63.1% to ¥61,238 million; revenue rose 34.1% to ¥69,313 million.

• Operating profit increased 89.8% to ¥9,553 million and profit attributable to owners of parent rose 72.0% to ¥6,553 million.

• FY2027 revenue and operating profit forecasts were raised to ¥145,000 million and ¥22,000 million, respectively.

Financial highlights

• Gross profit was ¥37,817 million versus ¥25,678 million YoY; comprehensive income was ¥5,853 million versus ¥4,466 million.

• Basic EPS was ¥51.20, up from ¥29.74 YoY.

• Operating cash flow was ¥8,841 million; investing and financing cash outflows were ¥2,294 million and ¥4,430 million, respectively.

• Free cash flow was ¥6,547 million versus ¥7,128 million YoY; cash and cash equivalents ended at ¥51,339 million.

Outlook and guidance

• FY2027 forecast: revenue ¥145,000 million, operating profit ¥22,000 million, profit before tax ¥22,000 million, attributable profit ¥16,000 million and basic EPS ¥125.00.

• Segment forecasts: Test and Measurement revenue/profit ¥90,000/¥20,000 million; PQA ¥34,000/¥4,200 million; Environmental Measurement ¥14,500/¥(1,200) million; Others ¥6,500/¥2,000 million.

• Annual dividend forecast increased to ¥63 per share, including ¥25 interim and ¥38 year-end; year-end guidance was raised from ¥25 to ¥38.