AnritsuANRITSU CORPORATION6754東証プライム電気機器FY ending Mar 2026, consolidated, IFRS

Anritsu revenue and profit

Out of every ¥100 of sales, about ¥13 is left as operating profit. Revenue changed +4.0% from the prior year, operating profit +22.3%.

Five-year trend

Revenue¥117.5B
FY ending Mar 2022: ¥105.4B¥105.4BFY ending Mar 2023: ¥110.9B¥110.9BFY ending Mar 2024: ¥110B¥110BFY ending Mar 2025: ¥113B¥113BFY ending Mar 2026: ¥117.5B¥117.5BFY22FY23FY24FY25FY26
Operating income¥14.8B
FY ending Mar 2023: ¥11.7B¥11.7BFY ending Mar 2024: ¥8.98B¥8.98BFY ending Mar 2025: ¥12.1B¥12.1BFY ending Mar 2026: ¥14.8B¥14.8BFY22FY23FY24FY25FY26
Operating margin12.6%
FY ending Mar 2023: 10.6%10.6%FY ending Mar 2024: 8.2%8.2%FY ending Mar 2025: 10.7%10.7%FY ending Mar 2026: 12.6%12.6%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin9.9%
Asset turnover0.71×
ROA7.0%
ROA7.0%
Financial leverage1.30×
ROE9.1%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin9.9%
2023: 8.4%8.4%2024: 7.0%7.0%2025: 8.2%8.2%2026: 9.9%9.9%2223242526
Asset turnover0.71×
2023: 0.73×0.73×2024: 0.70×0.70×2025: 0.70×0.70×2026: 0.71×0.71×2223242526
ROA7.0%
2022: 8.3%8.3%2023: 6.1%6.1%2024: 4.9%4.9%2025: 5.8%5.8%2026: 7.0%7.0%2223242526
Financial leverage1.30×
2023: 1.30×1.30×2024: 1.29×1.29×2025: 1.28×1.28×2026: 1.30×1.30×2223242526
ROE9.1%
2023: 7.9%7.9%2024: 6.3%6.3%2025: 7.4%7.4%2026: 9.1%9.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×8.3%—×—
20238.4%0.73×6.1%1.30×7.9%
20247.0%0.70×4.9%1.29×6.3%
20258.2%0.70×5.8%1.28×7.4%
20269.9%0.71×7.0%1.30×9.1%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue24.9%
2023: 26.1%26.1%2024: 26.3%26.3%2025: 24.1%24.1%2026: 24.9%24.9%192223242526
PPE ÷ total assets16.9%
2023: 19.1%19.1%2024: 18.0%18.0%2025: 17.1%17.1%2026: 16.9%16.9%192223242526
Goodwill ÷ parent equity6.1%
2023: 2.6%2.6%2024: 2.3%2.3%2025: 2.3%2.3%2026: 6.1%6.1%192223242526
Goodwill balance¥8.06B
2023: ¥3.11B¥3.11B2024: ¥2.87B¥2.87B2025: ¥2.87B¥2.87B2026: ¥8.06B¥8.06B192223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥10.2B
2023: ¥11.4B¥11.4B2024: ¥9.94B¥9.94B2025: ¥9.88B¥9.88B2026: ¥10.2B¥10.2B192223242526
R&D / revenue8.7%
2023: 10.3%10.3%2024: 9.0%9.0%2025: 8.7%8.7%2026: 8.7%8.7%192223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue105,387110,919109,952112,979117,462
Cost of revenue—56,86458,33358,00357,387
Gross profit—54,05451,61854,97560,075
SG&A—31,57832,70333,39036,391
Operating income—11,7468,98312,12414,828
Pretax income17,15012,4389,95112,73716,147
Income tax—3,1822,2773,4784,469
Net income attributable to owners12,7969,2727,6759,25711,677
Operating margin—10.6%8.2%10.7%12.6%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 28%
Property, plant and equipment 17%
5%
Other assets 50%

Funding

Other liabilities 23%
Equity 77%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥45.7B¥36.8B¥45.7B¥50.1B¥49.3B
Total assets¥153.3B¥152.2B¥161.1B¥159.8B¥173.3B
Net assets—¥117.5B¥125.5B¥124.3B¥132.7B
Share capital—¥19.2B¥19.2B¥19.2B¥19.2B
Property, plant and equipment—¥29B¥28.9B¥27.3B¥29.2B
Goodwill—¥3.11B¥2.87B¥2.87B¥8.06B
Current assets—¥98.1B¥105.8B¥106.1B¥109.4B
Total liabilities—¥34.7B¥35.6B¥35.6B¥40.5B
Equity attributable to owners of parent—¥117.3B¥125.5B¥124.3B¥132.7B
Retained earnings—¥63.1B¥65.7B¥68.9B¥74B
Treasury stock—-¥6.18B-¥6.05B-¥9.87B-¥11.1B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第100期(2025/04/01-2026/03/31)

    ID S100YH5E2026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第99期(2024/04/01-2025/03/31)

    ID S100W3T42025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第98期(2023/04/01-2024/03/31)

    ID S100TR4W2024-06-25Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第97期(2022/04/01-2023/03/31)

    ID S100RS2D2023-08-31Open
  • EDINET (FSA Japan)

    有価証券報告書-第96期(令和3年4月1日-令和4年3月31日)

    ID S100OFC52022-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第95期(令和2年4月1日-令和3年3月31日)

    ID S100LJOA2021-06-24Open

Extracted from XBRL: 43 / Derived from other figures: 1

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