Anritsu Corporation · TSE:6754
Anritsu — Q2 FY2026 Earnings Presentation
19 slides from Anritsu's earnings presentation, Oct 29, 2026
Slide 1: Financial Results for the 2nd quarter of the Fiscal Year ending March 31, 2027
Financial Results for the 2nd quarter of the Fiscal Year ending March 31, 2027 Shunichi Sugita Director, Executive Vice President, CFO ANRITSU CORPORATION October 29th, 2026 TSE Prime Market TSE code：6754 https://www.anritsu.com
Slide 2: Cautionary Statement
Cautionary Statement All information contained in this release which pertains to the current plans, estimates, strategies and beliefs of ANRITSU CORPORATION (hereafter "Anritsu") that is not historical fact shall be considered forward-looking statements of future business results or other forward-lo
Slide 3: Agenda
Agenda 1. Outline of our business segments 2. Consolidated performance review of the 2nd quarter of the Fiscal Year ending March 31, 2027 3. Outlook for full year of the Fiscal Year ending March 31, 2027 (Consolidated) 4. Anritsu Initiatives ANRITSU CORPORATION Financial Results FY2026 2Q 3
Slide 4: 1. Outline of our business segments
1. Outline of our business segments T&M PQA EM Others Evolution and advances of Safety & security of food & Toward a decarbonized networked society pharmaceuticals society ◆ Network Infrastructure : Data center, ◆ EVs and batteries Optical/Wireless NW ◆ Food inspection market market ◆ Sensing & ◆ Mo
Slide 5: 2-1. Consolidated performance - Financial results
2-1. Consolidated performance - Financial results - YoY increases in revenue and profit Unit: Billion Yen International Financial FY2025 FY2026 Reporting Standards (IFRS) YoY YoY (%) (Apr to Sep) (Apr to Sep) Orders 55.0 87.8 32.8 60% Revenue 51.7 69.3 17.6 34% Operating profit (loss) 5.0 9.6 4.6 90
Slide 6: 2-2. Consolidated performance - Results by business segment
2-2. Consolidated performance - Results by business segment - YoY increases in revenue and profit for T&M and PQA, and an increase in revenue but a decrease in profit for Environmental Measurement Unit: Billion Yen International Financial FY2025 FY2026 YoY YoY (%) Reporting Standards (IFRS) (Apr to
Slide 7: 2-3. Consolidated performance - Revenue and Op. profit by quarters
2-3. Consolidatedperformance - RevenueandOp.profitbyquarters 2Q (Jul-Sep) Operating margin：T&M 24.4％, PQA 15.2% Bn. Yen Bn. Yen FY2025 FY2026 FY2025 FY2026 Revenue Op. profit Note: Numbers are rounded to the first decimal place. ANRITSU CORPORATION Financial Results FY2026 2Q 7
Slide 8: 2-4. Overview of operations by business segment
2-4. Overview of operations by business segment Segment FY2026 (Apr to Sep) T&M: Demand is strong, mainly related to data centers. The build-out and speeding-up of data centers for generative AI is accelerating. Network Infrastructure Installation of optical submarine cables is in increasing trend.
Slide 9: 2-5. Transition of Orders
2-5. Transition of Orders T&M : increased 37％ YoY, PQA : increased 1% YoY, Environmental Measurement : increased 99% YoY Bn. Yen FY2024 FY2025 FY2026 Note: Numbers are rounded to the first decimal place. ANRITSU CORPORATION Financial Results FY2026 2Q 9
Slide 10: 2-6. Transition of Revenue by Region
2-6. Transition of Revenue by Region Significant YoY growth in the Americas and Asia, driven by data center-related demand Bn. Yen FY2024 FY2025 FY2026 Note: Numbers are rounded to the first decimal place. ANRITSU CORPORATION Financial Results FY2026 2Q 10
Slide 11: 2-7. Cash Flow
2-7. Cash Flow Operating cash flow margin ratio was Details Unit : Billion Yen 12.8% FY2026 (Apr to Sep) Operating CF : 8.8 Bn. Yen Investing CF : (2.3) Bn. Yen Financing CF : (4.4) Bn. Yen Free Cash Flow Op.CF＋Inv. CF : 6.5 Bn. Yen Cash at the end of period 51.3 Bn. Yen Interest-bearing debt 7.0 Bn
Slide 12: 3-1. Forecast for full year of FY2026 (Consolidated)
3-1. Forecast for full year of FY2026 (Consolidated) The full-year forecast announced on April 27 has been revised as follows. Unit: Billion Yen FY2025 FY2026 Full Year YoY Change International Financial Previous Revised Reporting Standards (IFRS) Actual Forecast Forecast Amount % (as of Apr. 27 202
Slide 13: 3-2. Dividend plan and forecast
3-2. Dividend plan and forecast FY2026 Revision of Dividend 50 yen → 63 yen Forecast （Increase） (Interim dividend: 25 yen, Year-end dividend: 38 yen) Payout Yen Purchase of Purchase of Purchase of treasury stock ratio treasury stock treasury stock Payout ratio 5.0B Yen 5.0B Yen 5.0B Yen (including t
Slide 14: 4. Anritsu Initiatives
4. Anritsu Initiatives Hirokazu Hamada Representative Director, President ANRITSU CORPORATION ANRITSU CORPORATION Financial Results FY2026 2Q 14
Slide 15: 4-1. T&M market trends and Business opportunity
4-1. T&M market trends and Business opportunity Market size Revised in October 2026 ・3.2TE mass production ・1.6TE CPO mass production ・1.6TE mass production ・Investment in PCIe 8.0 ・Investment in PCIe 7.0 development development ・800GE mass production ・PCIe 7.0 standardization ・PCIe 8.0 standardizat
Slide 16: 4-2. Business Drivers by Segment for 2H (1/2)
4-2. Business Drivers by Segment for 2H （1/2） T＆M • Data center-related business in North America and Asia • ANS*-related business in Japan, Europe, and the U.S. • Wi-Fi 7 and early-stage development demand for Wi-Fi 8 • NTN-related business in North America • The refurbished smartphone market in No
Slide 17: 4-3. Business Drivers by Segment for 2H (2/2)
4-3. Business Drivers by Segment for 2H （2/2） PQA ・X-ray inspection systems for the food market in North America ・Capsule Checkweighers, Aerosol Checkweighers, and Metal Detectors for the pharmaceutical market in Asia ・Checkweighers for compliance with the revised metrology system in Japan X-ray Ins
Slide 18: 4-4. Exhibitor at CEATEC 2026
4-4. Exhibitor at CEATEC 2026 ■Anritsu booth overview AI Space ・Challenge to the Moon! High-precision • AI-enabled vector network analyzer measurement and data acquisition for that derives optimal measurement testing and verification in support of the methods Artemis program • Mathematical explanati
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