Anritsu Corporation (JP:6754)
:6754
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Anritsu
(6754)
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Rating:70Outperform
Price Target:
¥4,131.00
▲(20.86% Upside)
Action:ReiteratedDate:04/28/26
The score is driven primarily by above-average financial performance (especially the low-leverage balance sheet and improving margins) and strong upward technical momentum. This is tempered by weaker valuation (higher P/E and modest yield) and some concern around cash-flow consistency despite strong current free cash flow.
Positive Factors
Conservative balance sheet
Very low leverage (debt-to-equity ~0.05) and a large equity base give durable financial flexibility. This supports steady R&D, capacity investment and shareholder options through cycles, reducing refinancing and solvency risk during telecom capex downturns.
Negative Factors
Volatile cash conversion
Material variability in cash conversion (OCF/net income ~0.42 TTM and a weak 2023) signals working-capital sensitivity. That volatility can impair predictable funding for R&D or capex and raise business risk during revenue lulls or customer payment slowdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage (debt-to-equity ~0.05) and a large equity base give durable financial flexibility. This supports steady R&D, capacity investment and shareholder options through cycles, reducing refinancing and solvency risk during telecom capex downturns.
Read all positive factors
Anritsu (6754) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥513.46B
Dividend Yield1.76%
Average Volume (3M)1.08M
Price to Earnings (P/E)16.4
Beta (1Y)1.21
Revenue Growth3.97%
EPS Growth29.53%
CountryJP
Employees3,966
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)91.21
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
¥4,033.33Price Target Upside18.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)106.67
Revenue Forecast (FY)¥132.32B
Anritsu Business Overview & Revenue Model
Company Description
Anritsu Corporation develops, manufactures, and sells measurement instruments and systems for various communications applications in Japan and internationally. It operates through Test and Measurement, Products Quality Assurance, and Others segmen...
How the Company Makes Money
Anritsu primarily makes money by selling test and measurement products and associated solutions to customers that build, operate, and validate communications networks and electronic hardware.
Key revenue streams typically include:
- Sale of test ...
Anritsu Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
67
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 117.46B | 112.98B | 109.95B | 110.92B | 105.39B |
| Gross Profit | 60.08B | 54.98B | 51.62B | 54.05B | 55.47B |
| EBITDA | 20.25B | 18.59B | 16.13B | 18.61B | 22.60B |
| Net Income | 11.68B | 9.26B | 7.67B | 9.27B | 12.80B |
Balance Sheet | |||||
| Total Assets | 173.26B | 159.83B | 161.09B | 152.24B | 153.26B |
| Cash, Cash Equivalents and Short-Term Investments | 49.31B | 50.09B | 45.66B | 36.83B | 45.71B |
| Total Debt | 3.56B | 6.07B | 7.19B | 4.14B | 4.12B |
| Total Liabilities | 40.54B | 35.06B | 35.04B | 34.72B | 38.82B |
| Stockholders Equity | 132.72B | 124.27B | 125.52B | 117.29B | 114.20B |
Cash Flow | |||||
| Free Cash Flow | 13.77B | 18.63B | 13.94B | 1.97B | 13.09B |
| Operating Cash Flow | 17.88B | 21.07B | 16.57B | 6.11B | 16.03B |
| Investing Cash Flow | -14.68B | -3.92B | -3.64B | -5.22B | -8.71B |
| Financing Cash Flow | -6.41B | -12.26B | -6.58B | -11.41B | -13.39B |
Anritsu Technical Analysis
Positive
3418.00
Price Trends
2860.29
Positive
2565.32
Positive
2207.50
Positive
Market Momentum
171.22
Negative
67.78
Neutral
76.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6754, the sentiment is Positive. The current price of 3418 is above the 20-day moving average (MA) of 3076.58, above the 50-day MA of 2860.29, and above the 200-day MA of 2207.50, indicating a bullish trend. The MACD of 171.22 indicates Negative momentum. The RSI at 67.78 is Neutral, neither overbought nor oversold. The STOCH value of 76.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6754.
Anritsu Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥18.54T | 24.82 | 12.80% | 0.78% | 10.40% | 11.67% | |
83 Outperform | ¥327.30B | 13.13 | 25.32% | 2.30% | 15.50% | 12.62% | |
81 Outperform | ¥153.25B | 14.32 | ― | 3.23% | 5.32% | -3.12% | |
78 Outperform | ¥906.25B | 12.89 | 11.99% | 0.65% | 4.95% | 10.47% | |
70 Outperform | ¥513.46B | 16.37 | 7.44% | 1.76% | 3.97% | 29.53% | |
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 Issues Cautious Notice Alongside Fiscal 2025 Results
Apr 27, 2026
Anritsu released its financial results for the fiscal year ended March 31, 2026, outlining its performance in the context of varied economic conditions across its key markets and competitive dynamics in demand for its products and services. The co...
Anritsu Reshapes Board With New Outside Director to Strengthen Governance
Apr 27, 2026
Anritsu has announced changes to its board of directors, to be finalized at the 100th Ordinary General Meeting of Shareholders on June 25, 2026. The company will appoint marketing veteran Keiko Hirayama as a new outside director, succeeding outgoi...
Anritsu Lifts Profit, Dividend and Forecasts on Solid FY2026 Results
Apr 27, 2026
Anritsu reported consolidated revenue of ¥117.5 billion for the fiscal year ended March 31, 2026, up 4.0% year on year, with operating profit climbing 22.3% to ¥14.8 billion and profit attributable to owners of the parent rising 26.1% to...
Anritsu to Mark 130th Anniversary With Higher Year-End Dividend and Stronger Shareholder Returns
Apr 27, 2026
Anritsu’s board has approved a year-end dividend of 30 yen per share for the fiscal year ended March 31, 2026, up from 20 yen a year earlier, consisting of an ordinary dividend of 26 yen and a 4 yen commemorative dividend to mark the company...
Anritsu to Take Control of SmartViser to Expand Automated Network Testing Business
Mar 31, 2026
Anritsu Corporation will increase its stake in French software firm SmartViser SAS from 32.72% to 51%, turning it from an equity-method affiliate into a consolidated subsidiary. SmartViser develops automated testing and evaluation software for mob...
Anritsu Delivers Strong Profit Growth on Flat Sales, Confirms Full-Year Outlook and Dividend
Jan 29, 2026
Anritsu reported largely flat revenue but significantly higher profits for the nine months ended December 31, 2025, with sales edging up 0.3% year on year to ¥81.1 billion while operating profit jumped 31.1% to ¥8.4 billion and profit at...
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.