Anritsu (6754) Q4 2026 earnings summary

Executive summary

• Revenue for FY2025 ended March 31, 2026, increased 4% year-over-year to ¥117.5 billion, with operating profit up 22% to ¥14.8 billion and net profit rising 26% to ¥11.7 billion.

• Orders grew 10.6% year-over-year to ¥124,564 million, with growth driven by strong demand in data center and quality assurance markets, and Environmental Measurement benefiting from a new subsidiary.

• The company is targeting FY2026 revenue of ¥140.0 billion (+19% YoY) and operating profit of ¥20.0 billion (+35% YoY).

Financial highlights

• FY2025 revenue: ¥117,462 million (+4.0% YoY); operating profit: ¥14,828 million (+22.3% YoY); net profit: ¥11,677 million (+26.1% YoY).

• Gross margin improved to ¥60,075 million from ¥54,975 million YoY.

• Free cash flow was ¥3,199 million, with cash at period end of ¥49,314 million and interest-bearing debt of ¥0.9 billion.

• Basic earnings per share rose to ¥91.20 from ¥70.42 YoY.

• Comprehensive income nearly doubled, up 90% year-over-year.

Outlook and guidance

• FY2026 guidance: revenue ¥140,000 million (+19% YoY), operating profit ¥20,000 million (+35% YoY), net profit ¥15,000 million (+28% YoY).

• Segment revenue growth expected in Test and Measurement (+23.6%), PQA (+6.3%), and Environmental Measurement (+48.3%).

• Dividend for FY2025 revised up to ¥50 per share, including a ¥4 commemorative dividend, with a payout ratio of 120%.