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Anritsu
(6754)
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Rating:63Neutral
Price Target:
¥3,784.00
▼(-4.20% Downside)
Action:Reiterated
Date:07/31/26
The score is anchored by strong financial health—particularly very low leverage and improving profitability—offset by weak near-to-intermediate technical trends (trading below 20/50/100-day averages) and a relatively expensive valuation (P/E ~40) with only a modest dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage (debt-to-equity ~0.03) materially reduces refinancing and interest-rate risk, giving the company durable financial flexibility to fund R&D, service contracts or absorb cyclicality in telecom/industrial spending without forcing distress-driven asset sales.
Negative Factors
Weaker cash conversion
FCF at ~77% of net income indicates earnings do not fully convert to cash, leaving the company exposed to working-capital swings. Over a 2–6 month horizon, this can constrain discretionary spending, delay investments, or require precautionary liquidity despite positive headline FCF.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage (debt-to-equity ~0.03) materially reduces refinancing and interest-rate risk, giving the company durable financial flexibility to fund R&D, service contracts or absorb cyclicality in telecom/industrial spending without forcing distress-driven asset sales.
Read all positive factors
Anritsu (6754) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥474.33B
Dividend Yield1.11%
Average Volume (3M)1.08M
Price to Earnings (P/E)31.7
Beta (1Y)1.49
Revenue Growth13.52%
EPS Growth61.58%
CountryJP
Employees4,114
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)112.33
Shares Outstanding135,870,590
10 Day Avg. Volume928,330
30 Day Avg. Volume1,078,236
Financial Highlights & Ratios
PEG Ratio1.02
Price to Book (P/B)2.64
Price to Sales (P/S)2.98
P/FCF Ratio25.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,514.29Price Target Upside14.29% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)123.31
Revenue Forecast (FY)¥139.04B
Anritsu Business Overview & Revenue Model
Company Description
Established in 1895 and headquartered in Atsugi, Japan, Anritsu Corporation specializes in the global development, manufacturing, and sale of advanced measurement instruments and systems, primarily catering to diverse communications applications. ...
How the Company Makes Money
Anritsu makes money primarily by selling hardware and systems used to measure, test, and assure the performance and quality of communications networks and industrial production/inspection processes. A major revenue stream comes from communications...
Anritsu Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
64
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 126.43B | 117.46B | 112.98B | 109.95B | 110.92B | 105.39B |
| Gross Profit | 65.66B | 60.08B | 54.98B | 51.62B | 54.05B | 55.47B |
| EBITDA | 25.36B | 22.43B | 18.59B | 16.13B | 18.61B | 22.60B |
| Net Income | 14.38B | 11.68B | 9.26B | 7.67B | 9.27B | 12.80B |
Balance Sheet | ||||||
| Total Assets | 175.76B | 173.26B | 159.83B | 161.09B | 152.24B | 153.26B |
| Cash, Cash Equivalents and Short-Term Investments | 50.94B | 49.31B | 50.09B | 45.66B | 36.83B | 45.71B |
| Total Debt | 3.56B | 3.56B | 6.07B | 7.19B | 4.14B | 4.12B |
| Total Liabilities | 42.52B | 40.54B | 35.06B | 35.04B | 34.72B | 38.82B |
| Stockholders Equity | 133.24B | 132.72B | 124.27B | 125.52B | 117.29B | 114.20B |
Cash Flow | ||||||
| Free Cash Flow | 15.82B | 13.77B | 18.63B | 13.94B | 1.97B | 13.09B |
| Operating Cash Flow | 20.06B | 17.88B | 21.07B | 16.57B | 6.11B | 16.03B |
| Investing Cash Flow | -15.26B | -14.68B | -3.92B | -3.64B | -5.22B | -8.71B |
| Financing Cash Flow | -7.73B | -6.41B | -12.26B | -6.58B | -11.41B | -13.39B |
Anritsu Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥19.68T | 39.99 | 13.44% | 0.77% | 16.95% | 23.91% | |
80 Outperform | ¥152.98B | 21.14 | ― | 3.23% | 12.39% | 22.44% | |
72 Outperform | ¥1.08T | 28.65 | 11.31% | 2.11% | 8.38% | 8.43% | |
69 Neutral | ¥203.22B | 26.51 | 31.69% | 1.27% | 31.13% | 51.29% | |
63 Neutral | ¥474.33B | 31.73 | 9.23% | 1.00% | 13.52% | 61.58% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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Anritsu Corporate Events
Anritsu Posts Strong Q1 Earnings and Confirms Full-Year Forecasts
Jul 30, 2026
Anritsu reported a strong start to the fiscal year, with revenue for the three months ended June 30, 2026 rising 38.0% year on year to ¥32,584 million and operating profit surging 219.5% to ¥4,278 million. Profit attributable to owners o...
Anritsu to Dispose Treasury Stock for Employee Restricted Share Scheme
May 28, 2026
Anritsu Corporation’s board has approved the disposal of up to 25,320 shares of its treasury stock as restricted stock to the Anritsu Group Employee Stockholding Association, with a maximum total value of ¥116.8 million and a disposal p...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.