Anritsu Corporation · TSE:6754
Anritsu — FY2025 Earnings Presentation
20 slides from Anritsu's earnings presentation, Apr 27, 2026
Slide 1: Financial Results of the Fiscal Year ended March 31, 2026
Financial Results of the Fiscal Year ended March 31, 2026 Shunichi Sugita Director, Executive Vice President, CFO ANRITSU CORPORATION April 27th, 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 Fiscal Year ended March 31, 2026 3. Outlook for full year of the Fiscal Year ending March 31, 2027 (Consolidated) 4. Anritsu Initiatives ANRITSU CORPORATION Financial Results FY2025 3
Slide 4: 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 medicals/pharmaceuticals society ◆ Mobile : 5G/6G, 5G Utilization ◆ Food inspection market ◆ EVs and batteries ◆ Sensing & ◆ Network Infrastructure : Da
Slide 5: Consolidated performance - Financial results
2-1. Consolidated performance - Financial results - YoY increased revenue and profit Unit: Billion Yen International Financial FY2024 FY2025 Reporting Standards (IFRS) YoY YoY (%) (Apr to Mar) (Apr to Mar) Orders 112.6 124.6 12.0 11% Revenue 113.0 117.5 4.5 4% Operating profit (loss) 12.1 14.8 2.7 2
Slide 6: Consolidated performance - Results by business segment
2-2. Consolidated performance - Results by business segment - T&M decrease revenue but increase profit YoY, PQA increase revenue and profit YoY, Environmental Measurement increase revenue but decrease profit YoY Unit: Billion Yen International Financial FY2024 FY2025 Reporting Standards (IFRS) YoY Y
Slide 7: Consolidated performance - Revenue and Op. profit by quarters
2-3. Consolidatedperformance - RevenueandOp.profitbyquarters 4Q(Jan-Mar) Operating margin：T&M 20.8％, PQA 14.2%, Environmental Measurement 16.7% Bn. Yen Bn. Yen 8.0 40.0 36.4 6.4 7.0 35.0 32.1 1.8 5.7 0.6 28.1 1.7 28.1 29.4 5.2 6.0 0.4 0.9 30.0 27.5 2.8 0.5 1.8 5.0 25.2 1.5 2.0 1.6 23.6 1.8 2.7 3.7 1
Slide 8: Overview of operations by business segment
2-4. Overview of operations by business segment Segment FY2025 (Apr to Mar) T&M: Customer investment, which had been deferred due to US tariff policies, recovered. Capital investment, which had been stagnant due to rising global prices and labor costs, has resumed. However, cautiousness regarding in
Slide 9: Transition of Orders
2-5. Transition of Orders T&M : increased 20％ YoY, PQA : increased 21% YoY, Environmental Measurement : increased 57% YoY Bn. Yen 40.0 37.7 2.1 35.0 32.8 3.3 30.7 31.8 1.5 29.9 1.7 30.0 2.1 27.5 28.4 1.8 27.2 26.0 1.6 2.1 2.0 2.2 8.8 1.6 1.7 25.2 1.4 25.0 6.5 24.2 1.4 3.3 23.0 1.5 1.7 1.7 3.0 1.7 7.
Slide 10: Transition of Revenue by Region
2-6. Transition of Revenue by Region Bn. Yen 40.0 36.4 35.0 32.2 32.1 29.4 9.4 30.0 28.2 26.9 28.1 27.5 28.1 8.4 9.8 25.2 25.0 7.6 22.7 8.2 8.2 23.6 7.4 5.5 7.9 7.9 8.5 4.1 20.0 7.6 4.2 7.1 4.1 4.3 4.1 4.1 4.2 3.8 7.8 7.6 15.0 6.7 3.3 3.6 3.6 6.8 8.2 7.0 6.8 7.1 6.7 10.0 6.6 5.8 5.6 13.6 11.5 12.0 5
Slide 11: Cash Flow
2-7. Cash Flow Operating cash flow margin ratio was Details Unit : Billion Yen 15.2% FY2025 (Apr to Mar) Operating CF : 17.9 Bn. Yen Investing CF : (14.7) Bn. Yen Financing CF : (6.4) Bn. Yen Free Cash Flow Op.CF＋Inv. CF : 3.2 Bn. Yen Cash at the end of period 49.3 Bn. Yen Interest-bearing debt 6.8
Slide 12: Forecast for full year of FY2026 (Consolidated)
3-1. Forecast for full year of FY2026 (Consolidated) We aim to increase in revenue and profit in T&M and PQA and Environmental Measurement business. Unit: Billion Yen FY2025 FY2026 International Financial Reporting Standards (IFRS) Actual Forecast YoY YoY(%) Revenue 117.5 140.0 22.5 19% Operating pr
Slide 13: Dividend plan and forecast
3-2. Dividend plan and forecast 40Yen → 50Yen FY2025 Revision of Dividend Interim dividend : 20 Yen Forecast （Increase） Year-end dividend: 30 Yen(Ordinary : 26 Yen, Commemorative : 4 Yen) Purchase of Purchase of Purchase of treasury stock Payout Yen treasury stock treasury stock 5.0B Yen (including
Slide 14: 4. Anritsu Initiatives
4. Anritsu Initiatives Hirokazu Hamada Representative Director, President ANRITSU CORPORATION ANRITSU CORPORATION Financial Results FY2025 14
Slide 15: GLP2026 Financial Results and Outlook
4-1. GLP2026 Financial Results and Outlook FY2026 Indicators FY2024 Actual FY2025 Actual Original Plan Revised plan※1 Revenue 113.0 B Yen 117.5 B Yen 140.0 B Yen 140.0 B Yen Op.Profit 12.1 B Yen 14.8 B Yen 20.0 B Yen 20.0 B Yen Op.margin 11 ％ 13 ％ 14 ％ 14 ％ Profit 9.3 B Yen 11.7 B Yen 15.0 B Yen 15.
Slide 16: Optical Transceiver Manufacturing Market Trends
4-2. Optical Transceiver Manufacturing Market Trends Optical modules by data rate Demand for 800GE optical transceivers is expected to $14,000 remain at a high level in 2026. Increased production $12,000 of optical transceivers is expected to lead to an Revenue ($m) $10,000 increase in demand for te
Slide 17: Upcoming Initiatives: Mobile market trends and Business opportunity
4-3. Upcoming Initiatives : Mobile market trends and Business opportunity Market size ・3.2TE development ・CPO mass production ・IOWN 3.0 ・1.6TE mass production ・Investment in PCIe 7.0 development ・1.6TE development ・800GE mass production ・PCIe 7.0 standardization ・Investment in PCIe 6.0 development ・
Slide 18: FY2026 Accelerate Business Expansion in Growth Areas
4-4. FY2026 Accelerate Business Expansion in Growth Areas 6G FY2030 Revenue Target 50.0 B Yen ５G/Automotive/NTN ANS *2 Test and AI/Data center Measurement Industrial Measurement Company Industrial Measurement Div. Food Environmental Infivis Anritsu Apr 2026: Sales agreement with TTi (UK) Food Busine
Slide 19: Participation in Mobile World Congress (MWC) 2026
4-5. Participation in Mobile World Congress (MWC) 2026 Overview of MWC 2026 • This year’s theme was “The IQ Era,” and various companies showcased their products with a focus on Agentic AI, which integrates AI and communications • Exhibits related to data centers increased significantly, with NTT’s I
Slide 20: Slide 20