Anritsu (6754) Q3 2026 earnings summary

Executive summary

• Revenue for the nine months ended December 2025 increased 0.3% year-over-year to ¥81,070 million, with comprehensive income up 56.9% and orders rising 6% YoY.

• Operating profit rose 31.1% to ¥8,412 million, and profit attributable to owners of parent grew 28.9% to ¥6,322 million.

Financial highlights

• Gross profit improved to ¥40,803 million, and basic earnings per share rose to ¥49.37.

• Free cash flow was negative at ¥-3,171 million due to significant investing outflows, including a subsidiary acquisition.

• Total assets increased to ¥168,527 million, and equity attributable to owners of parent reached ¥127,949 million.

• Cash at period end was ¥43,020 million; operating cash flow for the period was ¥9,300 million with a margin of 11.5%.

Outlook and guidance

• Full-year FY2025 forecast remains unchanged: revenue expected at ¥123,000 million (+8.9% YoY), operating profit at ¥15,000 million (+23.7% YoY), and net profit at ¥11,000 million (+19% YoY).

• Basic EPS forecast is ¥85.89; assumed exchange rate is 1 USD = ¥145.

• T&M segment forecasted to lead profit growth, with a 43% YoY increase in operating profit.