Anritsu (6754) AI Stock Analysis

• Market Cap: ¥293.13B
• Dividend Yield: 1.82%
• Average Volume (3M): 1.08M
• Price to Earnings (P/E): 26.5
• Beta (1Y): 1.03
• Revenue Growth: -0.89%
• EPS Growth: 53.87%
• Country: JP
• Employees: 3,966
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 25.19
• Shares Outstanding: 135,870,590
• 10 Day Avg. Volume: 928,330
• 30 Day Avg. Volume: 1,078,236
• PEG Ratio: 0.92
• Price to Book (P/B): 1.42
• Price to Sales (P/S): 1.56
• P/FCF Ratio: 9.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: ¥2,396.00 ▲(7.23% Upside)

Anritsu's overall stock score reflects strong financial performance and operational efficiency, despite challenges in revenue and cash flow growth. Technical analysis suggests mixed signals with some positive momentum, while valuation metrics indicate potential overvaluation. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Strong Financial Position

Anritsu's low leverage indicates minimal financial risk, providing flexibility for strategic investments and resilience against market volatility.

Operational Efficiency

Efficient operations and healthy margins allow Anritsu to maintain profitability and competitiveness, even amid revenue growth challenges.

Cash Generation Ability

Strong cash generation relative to net income supports Anritsu's capacity to fund operations and invest in growth opportunities.

Negative Factors

Decline in Revenue Growth

Inconsistent revenue growth could hinder Anritsu's ability to scale and compete effectively, impacting long-term market position.

Free Cash Flow Decline

Reduced free cash flow growth may limit Anritsu's ability to invest in new projects or pay down debt, affecting future financial flexibility.

Pressure on Profitability

Decreasing net profit margins suggest challenges in maintaining profitability, which could affect Anritsu's long-term financial health.

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 segments. The company's test and measurement products include bit error rate tester and sampling oscilloscope; mobile/wireless communications measuring instruments, such as base station analyzers, Bluetooth and WLAN testers, cable and antenna analyzers, channel emulators/fading simulators, conformance test systems, handset one box testers, land mobile radio products, passive intermodulation analyzers, shield boxes/chambers, and signaling testers; optical measuring instruments comprising OTDRs, optical loss test set/light source/optical power meter products, optical spectrum analyzers, video inspection probes, and accessories; RF microwave measuring instruments, such as peripheral equipment, and power meters and sensors; signal generators; and signal/spectrum analyzers, vector network analyzers, and transport and ethernet testing products. It also provides X-Ray inspection systems, checkweighers, automatic combination weighers, and metal detectors for the food, pharmaceutical, and cosmetics industries, as well as service assurance solutions; and designs and produces precision microwave components. In addition, the company offers optical sensing for industry and medicine sectors; optical devices for communication sector; and electron devices. Further, it engages in the environmental measurement, logistics, welfare services, real estate leasing, and other businesses. The company was founded in 1895 and is headquartered in Atsugi, Japan.

How the Company Makes Money

Anritsu generates revenue through the sale of its test and measurement equipment, software solutions, and related services. Key revenue streams include the sales of hardware such as signal analyzers, network testers, and optical measurement tools, which are essential for telecommunications companies and service providers. The company also earns income from software licensing and maintenance contracts, as well as training and support services. Strategic partnerships with major telecommunications firms and technology companies enhance its market reach and drive sales. Additionally, Anritsu's focus on emerging technologies, such as 5G and IoT, positions it to capitalize on growing demand for high-performance testing solutions.

Anritsu Financial Statement Overview

Summary

Anritsu demonstrates strong financial health with stable profitability and a solid balance sheet. The income statement shows consistent margins, but the recent decline in revenue growth could pose a risk. The company's low leverage and strong equity position provide a buffer against potential market fluctuations, while cash flow improvements suggest effective financial management.

Income Statement

Anritsu's income statement shows a stable gross profit margin around 49%, with a slight decline in revenue growth rate in the TTM period. The net profit margin remains healthy at approximately 8.2%. The EBIT and EBITDA margins are consistent, indicating operational efficiency. However, the negative revenue growth in the TTM suggests potential challenges in maintaining sales momentum.

Balance Sheet

The balance sheet is strong with a low debt-to-equity ratio of 0.03, indicating low leverage and financial stability. The return on equity is reasonable at about 7.4%, reflecting decent profitability. The equity ratio is solid, suggesting a strong capital structure with a high proportion of equity financing.

Cash Flow

Cash flow analysis reveals a positive free cash flow growth rate in the TTM, indicating improved cash generation. The operating cash flow to net income ratio is stable, suggesting efficient cash conversion. However, the free cash flow to net income ratio shows some variability, indicating potential fluctuations in cash flow management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	111.36B	112.98B	109.95B	110.92B	105.39B	105.94B
Gross Profit	55.51B	54.98B	51.62B	54.05B	55.47B	57.20B
EBITDA	19.30B	18.59B	16.13B	18.61B	22.60B	24.97B
Net Income	10.83B	9.26B	7.67B	9.27B	12.80B	16.11B
Balance Sheet
Total Assets	159.96B	159.83B	161.09B	152.24B	153.26B	144.10B
Cash, Cash Equivalents and Short-Term Investments	54.60B	50.09B	45.66B	36.85B	45.71B	49.82B
Total Debt	6.11B	3.56B	4.09B	4.14B	4.12B	4.13B
Total Liabilities	35.10B	35.56B	35.56B	34.72B	38.82B	34.65B
Stockholders Equity	124.86B	124.27B	125.52B	117.29B	114.20B	109.26B
Cash Flow
Free Cash Flow	15.88B	18.63B	12.79B	1.97B	13.09B	17.79B
Operating Cash Flow	18.79B	21.07B	16.57B	6.11B	16.03B	20.48B
Investing Cash Flow	-3.75B	-3.92B	-3.64B	-5.22B	-8.71B	-5.03B
Financing Cash Flow	-11.69B	-12.26B	-6.58B	-11.41B	-13.39B	-14.46B

Anritsu Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2234.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 2234.5 is below the 20-day moving average (MA) of 2284.50, above the 50-day MA of 2144.87, and above the 200-day MA of 1747.39, indicating a neutral trend. The MACD of 8.57 indicates Positive momentum. The RSI at 50.29 is Neutral, neither overbought nor oversold. The STOCH value of 22.41 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6856	77 Outperform	¥652.77B	17.31	11.99%	0.66%	8.50%	14.06%
6787	76 Outperform	¥279.45B	15.49	―	0.77%	15.02%	46.62%
6814	76 Outperform	¥243.19B	14.69	―	1.95%	6.56%	106.55%
6728	73 Outperform	¥327.36B	22.40	6.61%	2.36%	-9.06%	-35.95%
6754	67 Neutral	¥293.13B	26.47	7.44%	1.82%	-0.89%	53.87%
6951	65 Neutral	¥245.51B	13.97	―	2.04%	-0.69%	-29.88%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Anritsu Corporate Events

Anritsu Corporation Releases Q2 FY2025 Financial Results

Anritsu Corporation released its financial results for the second quarter of the fiscal year ending March 31, 2026. The announcement highlights the company’s ongoing strategies and market conditions affecting its operations, with a cautionary note on the uncertainties and variables that could impact future business outcomes. The release underscores the potential fluctuations in demand and competitive dynamics in the regions where Anritsu operates.

Anritsu Reports Mixed Financial Results for H1 2025

Anritsu Corporation reported its consolidated financial results for the six months ended September 30, 2025, showing a slight decline in revenue by 3% compared to the previous year. However, the company experienced significant growth in operating profit and profit before tax, with increases of 40.7% and 58.4%, respectively, indicating improved operational efficiency and profitability.