Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €20.00, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 24x in the Electronic industry in Germany. Total returns to shareholders of 177% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.95 per share. Aankondiging • May 30
Anritsu Corporation to Report Q1, 2027 Results on Jul 30, 2026 Anritsu Corporation announced that they will report Q1, 2027 results on Jul 30, 2026 Aankondiging • Apr 27
Anritsu Corporation, Annual General Meeting, Jun 25, 2026 Anritsu Corporation, Annual General Meeting, Jun 25, 2026. Aankondiging • Apr 02
Anritsu Corporation to Report Fiscal Year 2026 Results on Apr 27, 2026 Anritsu Corporation announced that they will report fiscal year 2026 results on Apr 27, 2026 Aankondiging • Dec 02
Anritsu Corporation to Report Q3, 2026 Results on Jan 29, 2026 Anritsu Corporation announced that they will report Q3, 2026 results on Jan 29, 2026 Aankondiging • Nov 11
Anritsu Corporation Launches Virtual Network Measurement Solution to Evaluate Communication Quality in Cloud and Virtual Environments Anritsu Corporation introduced its Virtual Network Master for AWS MX109030PC, a virtual network measurement solution operating in Amazon Web Services (AWS) cloud environments. This software-based solution enables accurate, repeatable evaluation of communication quality across networks, including cloud and virtual environments. It measures key network quality indicators, such as latency, jitter, throughput, and packet (frame) loss rate, in one-way and round-trip directions. This software can accurately evaluate end-to-end (E2E) communication quality, even in virtual environments where hardware test instruments cannot be installed. Anritsu virtual network measurement solution operates in AWS cloud environments to ensure network operation. Moreover, adding the Network Master™? Pro MT1000A/MT1040A test hardware to the network cellular side supports consistent quality evaluation from the core and cloud to field-deployed devices. With advances in cloud technology and virtualization, network communication quality is influenced significantly by virtual layers, such as servers and virtual switches. However, installing test hardware in data centers and cloud environments is difficult, causing challenges in understanding the actual quality of service between applications. Anritsu has developed this solution operating on AWS to accurately and reproducibly evaluate E2E quality under realistic operating conditions even in virtual environments. The Virtual Network Master for AWS MX 109030PC software-based solution accurately evaluates network communication quality in cloud and virtual environments. Deploying software probes running on AWS across cloud, data center, and virtual networks enables precise communication quality assessment, even in environments where hardware test instruments cannot been located. It supports: Measurement Items: Throughput, latency, jitter, and packet (frame) Loss rate; Operability: Remote operation and automation via web browser GUI and API; Interoperability: Peer-to-peer testing between MX109030PC units and provides end-to-end network quality visualization from field to cloud using the MT1000A/MT10 40A. Aankondiging • Sep 01
Anritsu Corporation to Report Q2, 2026 Results on Oct 30, 2025 Anritsu Corporation announced that they will report Q2, 2026 results on Oct 30, 2025 Aankondiging • Jun 27
Anritsu Corporation to Report Q1, 2026 Results on Jul 30, 2025 Anritsu Corporation announced that they will report Q1, 2026 results on Jul 30, 2025 Aankondiging • Apr 25
Anritsu Corporation, Annual General Meeting, Jun 25, 2025 Anritsu Corporation, Annual General Meeting, Jun 25, 2025. Aankondiging • Apr 08
Anritsu Corporation to Report Fiscal Year 2025 Results on Apr 25, 2025 Anritsu Corporation announced that they will report fiscal year 2025 results on Apr 25, 2025 Aankondiging • Jan 30
Anritsu Corporation (TSE:6754) announces an Equity Buyback for 5,000,000 shares, representing 3.79% for ¥5,000 million. Anritsu Corporation (TSE:6754) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 3.79% for ¥5,000 million. The purpose of repurchase program is to improve capital efficiency and further enhance shareholder returns. The plan is valid till April 30, 2025. As of December 31, 2024, the company had 131,783,591 issued and outstanding shares (excluding treasury stock) and 4,087,003 shares in treasury stock. Aankondiging • Dec 03
Anritsu Corporation to Report Q3, 2025 Results on Jan 30, 2025 Anritsu Corporation announced that they will report Q3, 2025 results on Jan 30, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥11.54 (vs JP¥19.28 in 2Q 2024) Second quarter 2025 results: EPS: JP¥11.54 (down from JP¥19.28 in 2Q 2024). Revenue: JP¥28.1b (flat on 2Q 2024). Net income: JP¥1.52b (down 40% from 2Q 2024). Profit margin: 5.4% (down from 9.0% in 2Q 2024). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 23% per year. Aankondiging • Sep 23
Anritsu Corporation(TSE:6754) dropped from FTSE All-World Index (USD) Anritsu Corporation(TSE:6754) dropped from FTSE All-World Index (USD) Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.8%). Aankondiging • Aug 27
Anritsu Corporation to Report Q2, 2025 Results on Oct 30, 2024 Anritsu Corporation announced that they will report Q2, 2025 results on Oct 30, 2024 New Risk • Aug 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €5.85, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Electronic industry in Germany. Total loss to shareholders of 55% over the past three years. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥5.43 (vs JP¥1.90 in 1Q 2024) First quarter 2025 results: EPS: JP¥5.43 (up from JP¥1.90 in 1Q 2024). Revenue: JP¥25.2b (up 11% from 1Q 2024). Net income: JP¥716.0m (up 186% from 1Q 2024). Profit margin: 2.8% (up from 1.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 23% per year. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 296%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 42% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 29
Anritsu Corporation to Report Q1, 2025 Results on Jul 31, 2024 Anritsu Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: JP¥58.28 (vs JP¥69.97 in FY 2023) Full year 2024 results: EPS: JP¥58.28 (down from JP¥69.97 in FY 2023). Revenue: JP¥110.0b (flat on FY 2023). Net income: JP¥7.68b (down 17% from FY 2023). Profit margin: 7.0% (down from 8.4% in FY 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 24% per year. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (1.5%). Aankondiging • Mar 02
Anritsu Corporation to Report Fiscal Year 2024 Results on Apr 25, 2024 Anritsu Corporation announced that they will report fiscal year 2024 results on Apr 25, 2024 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €7.65, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Electronic industry in Germany. Total loss to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.76 per share. Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: JP¥8.62 (vs JP¥8.72 in 3Q 2023) Third quarter 2024 results: EPS: JP¥8.62 (down from JP¥8.72 in 3Q 2023). Revenue: JP¥26.9b (down 3.0% from 3Q 2023). Net income: JP¥1.13b (down 1.2% from 3Q 2023). Profit margin: 4.2% (up from 4.1% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 26% per year. Aankondiging • Nov 29
Anritsu Corporation to Report Q3, 2024 Results on Jan 30, 2024 Anritsu Corporation announced that they will report Q3, 2024 results on Jan 30, 2024 Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €7.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Electronic industry in Germany. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.01 per share. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥19.28 (vs JP¥16.55 in 2Q 2023) Second quarter 2024 results: EPS: JP¥19.28 (up from JP¥16.55 in 2Q 2023). Revenue: JP¥28.2b (up 1.3% from 2Q 2023). Net income: JP¥2.54b (up 16% from 2Q 2023). Profit margin: 9.0% (up from 7.9% in 2Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 27% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥20.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.5%). Aankondiging • Aug 27
Anritsu Corporation to Report Q2, 2024 Results on Oct 30, 2023 Anritsu Corporation announced that they will report Q2, 2024 results on Oct 30, 2023 Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €6.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Electronic industry in Germany. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €12.41 per share. Reported Earnings • Jul 30
First quarter 2024 earnings released: EPS: JP¥1.90 (vs JP¥21.70 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.90 (down from JP¥21.70 in 1Q 2023). Revenue: JP¥22.7b (down 13% from 1Q 2023). Net income: JP¥250.0m (down 91% from 1Q 2023). Profit margin: 1.1% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. Board Change • Jul 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Hidetoshi Saigo was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 28
Anritsu Corporation to Report Q1, 2024 Results on Jul 28, 2023 Anritsu Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥69.97 (vs JP¥93.98 in FY 2022) Full year 2023 results: EPS: JP¥69.97 (down from JP¥93.98 in FY 2022). Revenue: JP¥110.9b (up 5.2% from FY 2022). Net income: JP¥9.27b (down 28% from FY 2022). Profit margin: 8.4% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.0%). Aankondiging • Jan 31
Anritsu Corporation Revises Consolidated Earnings Guidance for the Year Ending March 31, 2023 Anritsu Corporation revised consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects revenue of JPY 110,000 million, operating profit Of JPY 13,500 million, profit before tax of JPY 14,500 million, and profit attributable to owners of parent of JPY 11,000 million or JPY 82.86 per basic share compared to previous guidance of revenue of JPY 115,000 million, operating profit Of JPY 17,500 million, profit before tax of JPY 19,000 million, and profit attributable to owners of parent of JPY 14,000 million or JPY 105.08 per basic share. Reasons for revision: There are concerns of a decline in the global economy as the result of rising prices, financial tightening policies, rising geopolitical risks, and other factors. In the T&M business, Group's main business segment, mobile market growth has temporarily slowed due to factors such as delays in investment decision-making by customers as a result of the uncertainty of economic situation produced by the sudden rise of inflation. Due to these conditions, and based on actual results from the third quarter, the company has revised revenue forecast and operating income forecast for the T&M business downwards by JPY 5.0 billion and JPY 4.0 billion respectively. Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: JP¥8.72 (vs JP¥20.01 in 3Q 2022) Third quarter 2023 results: EPS: JP¥8.72 (down from JP¥20.01 in 3Q 2022). Revenue: JP¥27.7b (up 13% from 3Q 2022). Net income: JP¥1.15b (down 57% from 3Q 2022). Profit margin: 4.1% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Aankondiging • Jan 30
Anritsu Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023 Anritsu Corporation provided dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expects to pay dividend of JPY 20.00 per share compared to JPY 20.00 per share paid a year ago. Aankondiging • Nov 30
Anritsu Corporation to Report Q3, 2023 Results on Jan 30, 2023 Anritsu Corporation announced that they will report Q3, 2023 results on Jan 30, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released: EPS: JP¥16.55 (vs JP¥24.68 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.55 (down from JP¥24.68 in 2Q 2022). Revenue: JP¥27.8b (up 1.2% from 2Q 2022). Net income: JP¥2.18b (down 35% from 2Q 2022). Profit margin: 7.9% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥16.55 (vs JP¥24.68 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.55 (down from JP¥24.68 in 2Q 2022). Revenue: JP¥27.8b (up 1.2% from 2Q 2022). Net income: JP¥2.18b (down 35% from 2Q 2022). Profit margin: 7.9% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Aankondiging • Oct 06
Anritsu Company Enhances Signal Quality Analyzer-R MP1900A to Support PCI Express 6.0 Base Specification Rx Test Anritsu Company announced that its Signal Quality Analyzer-R MP1900A now supports the PCI Express 6.0 (PCIe 6.0) Base Specification Receiver Test (Rx Test) and has been further enhanced with an SKP function to filter SKP packets to support separate clock architecture (SRNS). As a result, one MP1900A supports PCIe 3.0 to PCIe 6.0 and can calibrate stressed test signals and measure jitter tolerance using a real-time oscilloscope to provide engineers with an efficient solution to verify their high-speed interconnect designs for 5G data centers and services. Because PCIe 6.0 is the first standard to support emerging technologies, such as PAM4 modulation and Forward Error Correction (FEC), it requires test methods to evaluate the quality of 32 Gbaud PAM4 signals with a one-third smaller eye opening. It also must measure the bit error rate (BER) and evaluate FEC. The MP1900A is well suited for conducting such measurements. The MP1900A PCIe 6.0 solution provides each preset and compliance test pattern required by PCIe 6.0. It also has a built-in SKP filter function for common and separate clocks (SRNS), in addition to real-time FEC uncorrectable error measurement. Test time is reduced, as the software automates stressed signal calibration and BER measurements for efficient evaluation. Device margin tests are supported, as the MP1900A has measurement functions, such as high-quality pulse pattern generator (PPG) waveforms, high-sensitivity reception PAM4 error detector (ED), and various jitter and vertical noise generation. Future PCIe 6.0 CEM specifications can be easily supported, due to the MP1900A's flexible multi-channel platform and software architecture. Anritsu is continuing to develop forthcoming quality evaluation for PCIe equipment by actively proposing new technologies to PCI-SIG®, and extending the MP1900A functions with a focus on the PCIe 6.0 Base Specification Compliance Test. MP1900A Product Outline: The Signal Quality Analyzer-R MP1900A is a high-performance BERT for Rx tests of high-speed computing and data communications interfaces, including PCIe, USB, Thunderbolt™, and 400/800GbE. Link Training Status State Machine (LTSSM) functions are supported by an industry-best level PAM4/NRZ PPG for high-quality waveforms, high-sensitivity input ED, high-accuracy jitter generation source (SJ, RJ, SSC, BUJ), and vertical noise generation source (CM-I/DM-I and white noise), facilitating various applications, including compliance and margin tests, as well as troubleshooting. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.2%). Aankondiging • Sep 21
Tektronix and Anritsu Corporation Adds Powerful New PCI Express® 6.0 Solution to Accelerate the Next Generation of High-Speed Devices Tektronix, Inc. in collaboration with Anritsu Corporation, introduces an intuitive new PCIe® 6.0 Receiver Test Solution that equips engineers to test PCIe 6.0 (Base) receivers and addresses ever-growing performance demands of the next generation of high performance systems. With this release, Tektronix provides a cohesive PCIe 6.0 transmitter and receiver test solution that delivers faster test times, higher-quality measurements, and an intuitive user interface. There is a constant demand for faster devices and technologies for high-speed networks. Engineers innovating the latest technology need the ability to test more and more data as it is transferred at increasing speeds. Data-intensive markets like artificial intelligence (AI), cloud, and data centers use PCIe as a de-facto standard. While the recently released Gen 6.0 standard provides fast speeds to handle such workloads, testing brings a unique set of challenges to companies charged with integrating PCIe 6.0 on their devices. PCIe receiver validation is notoriously difficult due to the sensitivity of calibrating the stressed eye signal across a high loss channel. Tektronix's PCIe receiver test solutions provide confidence that designs are thoroughly tested at the required bit error rate (BER) target. The intuitive step-by-step tools provide link training routines for the Anritsu MP1900A BERT to ensure the receiver is tested accurately. The Tektronix PCIe 6.0 Base Rx Solution includes the fastest 64 GT/s (PAM4) Rx calibration in the industry. Novel algorithms efficiently address the new challenge of calibrating the Transmitter's additional pre-cursor added to the 6.0 Base specification. The Tektronix PAMJET DSP tool provides critical 64 GT/s jitter and noise measurements with advanced instrument noise compensation. This fully automated solution leverages the first-to-market 6.0 Base Tx solution techniques and enhances the capabilities to address Receiver challenges at the latest data rate introduced by the PCI Special Interest Group (PCI-SIG®). Intuitive User Experience: The TekRxTest automation software provides a single control panel with the power to manage a Tektronix oscilloscope and Anritsu BERT during receiver calibration. This intuitive software wizard guides users through short- and long-channel calibration steps with ease, resulting in an accurate and repeatable calibration at 64 GT/s. Aankondiging • Aug 28
Anritsu Corporation to Report Q2, 2023 Results on Oct 28, 2022 Anritsu Corporation announced that they will report Q2, 2023 results on Oct 28, 2022 Board Change • Jul 31
High number of new directors Independent Outside Director Toru Wakinaga was the last director to join the board, commencing their role in 2021. Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥21.70 (vs JP¥15.15 in 1Q 2022) First quarter 2023 results: EPS: JP¥21.70 (up from JP¥15.15 in 1Q 2022). Revenue: JP¥26.2b (up 10% from 1Q 2022). Net income: JP¥2.92b (up 40% from 1Q 2022). Profit margin: 11% (up from 8.8% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.1%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Aankondiging • Jul 02
Anritsu Introduces Software to Expand IQ Measurement and Analysis Capabilities of Field Spectrum Analysis Solutions Anritsu Company introduced the IQ Signal Master MX280005A Vector Signal Analysis software that delivers expanded post processing measurements and analysis of IQ data files captured on AnritsuField Master Pro™ MS2090A, Remote Spectrum Monitor MS27201A, and Remote Spectrum Monitor MS2710xA spectrum analyzers. Designed for challenging field environments, the software assists government regulators inspect the RF spectrum, security agencies track illegal or nefarious signals, spectrum owners protect their licensed spectrum, and defense electronics companies analyze radar and EW signals. A comprehensive suite of enhanced functions in the new VSA software allows users to analyze the modulation of captured signals or replay the captured IQ data with enhanced resolution. It includes an IQ file browser with a detailed view of IQ file metadata, as well as an IQ data capture control that allows users to quickly and easily configure the spectrum analyzer for IQ data capture. A basic IQ data viewer that provides a quick and easy method to interpret images of any captured IQ data file to validate that the file contains information of interest is also included in the software. An optional IQ file format converter enables IQ data captured using an Anritsu spectrum analyzer to be converted to the format required by the Anritsu Vector Signal Generator MG3710E and downloaded for playback to enable simulation of captured signals in a controlled lab environment. The VSA mode of the new MX280005A features the same modulation quality measurements included in the initial release of the software. With the expanded MX280005A, Anritsu offers a complete end-to-end solution for IQ capture and analysis. It enhances the best-in-class performance of the Field Master Pro MS2090A, and Remote Spectrum Monitors MS27201A and MS2710XA. The MS2090A with continuous frequency coverage from 9 kHz to 54 GHz and a 110 MHz real-time option delivers a displayed average noise level (DANL) of -164 dBm, and Third Order Intercept (TOI) of +20 dBm (typical). Wide area spectrum monitoring up to 43.5 GHz can be conducted with the MS27201A. Anritsu offers three models of remote spectrum monitors in the MX2710XA family. The MS27101A is housed in a half-rack enclosure with 1U height, while the MS27102A is an IP67-rated device for outdoor applications. The MS27103A is a multi-port spectrum monitor for applications requiring the use of multiple antennas. Aankondiging • Jun 22
Anritsu Corporation and Tektronix, Inc. Demonstrate PCI-Express® 6.0 Anritsu Corporation President Hirokazu Hamada announced Anritsu is demonstrating its Signal Quality Analyzer-R MP1900A series as part of a PCI-Express® (PCIe®) 6.0 Base Specification test system, along with Tektronix Inc.'s DPO70000SX real-time oscilloscope and silicon-proven Synopsys® PCI Express 6.0 IP. The demonstration will be conducted during the PCI-SIG Developers Conference at Santa Clara Convention Center, June 21-22, 2022. PCIe 6.0 utilizes Forward Error Correction (FEC) as a key technology to assure the integrity of 32-Gbaud PAM4 (64 Gbps), low-SNR signals affected by transmission path loss. The result is more complexity associated with evaluating devices under test (DUTs). The demonstration will highlight a more efficient testing solution using automatic Base Specification calibration and signal-quality evaluation by a Tektronix DPO70000SX real-time oscilloscope, combined with Anritsu's industry-first MP1900A supporting error-correction analysis to measure FEC symbol errors in real time. In the demonstration, the Anritsu MP1900A will generate a stressed compliant signal calibrated by a Tektronix DPO70000SX oscilloscope based on PCI Express 6.0 Base Specification. The signal will be transmitted to the Synopsys PCI Express 6.0 IP to measure bit errors using the DUT internal error counter. Additionally, bit errors will be measured by the MP1900A PAM4 Error Detector in DUT Loopback mode. Using its FEC function, the MP1900A will analyze and display FEC corrected/uncorrected errors and post FEC error rate, while the Tektronix DPO70000SX real-time oscilloscope analyzes the signal waveforms from the DUT. In addition to the PCIe 6.0 Base Test, a complete PCIe 5.0 LEQ test will be also demonstrated. The Signal Quality Analyzer-R MP1900A is a high-performance BERT for measuring high-speed computer interfaces, such as PCIe 6.0, PCIe 3.0 to 5.0, and USB3.2/4.0, as well as ultra-broadband communications interfaces, including 400 GbE/800 GbE. Due to its excellent test reproducibility and easy operation, the MP1900A is a PCI-SIG-certified instrument for compliance tests up to PCIe 5.0. The joint demonstration supporting the new PCIe 6.0 standard will help advance PCIe worldwide. Aankondiging • May 31
Anritsu Corporation (TSE:6754) announces an Equity Buyback for 5,000,000 shares, representing 3.7% for ¥5,000 million. Anritsu Corporation (TSE:6754) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 3.7% for ¥5,000 million. The purpose of repurchase program is to enhance capital efficiency as well as further substantial returns to shareholders. The plan is valid till July 29, 2022. As of April 30, 2022, the company had 134,959,906 issued and outstanding shares (excluding treasury stock) and 3,349,588 shares in treasury stock. Aankondiging • May 29
Anritsu Corporation to Report Q1, 2023 Results on Jul 28, 2022 Anritsu Corporation announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥93.98 (vs JP¥117 in FY 2021) Full year 2022 results: EPS: JP¥93.98 (down from JP¥117 in FY 2021). Revenue: JP¥105.4b (flat on FY 2021). Net income: JP¥12.8b (down 21% from FY 2021). Profit margin: 12% (down from 15% in FY 2021). Over the next year, revenue is forecast to grow 13%, compared to a 26% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Toru Wakinaga was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 05
Anritsu Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022 Anritsu Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (0.8%). Reported Earnings • Jan 29
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥20.02 (down from JP¥24.61 in 3Q 2021). Revenue: JP¥24.6b (flat on 3Q 2021). Net income: JP¥2.70b (down 20% from 3Q 2021). Profit margin: 11% (down from 14% in 3Q 2021). Revenue missed analyst estimates by 13%. Over the next year, revenue is forecast to grow 14%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • Jan 09
Anritsu Corporation Announces First Enhanced Network Slicing and User Equipment Power-Saving Protocol Conformance Tests for 5G New Radio Standalone Anritsu Corporation announced that the first enhanced Network Slicing and User Equipment power-saving Protocol Conformance Tests for 5G New Radio Standalone have been verified on the 5G NR Mobile Device Test Platform ME7834NR powered by the Snapdragon® X65 5G Modem-RF System, the world's first Release 16 modem-RF system. Network Slicing is a key 5G NR feature that enables support of specific use cases on a network slice, which is a set of network resources dynamically configured for the purpose. Third Generation Partnership Project (3GPP) Release 16 introduces support for interworking from Evolved Packet Core (EPC) to 5G Core (5GC) for network slices and introduces authentication and authorization controls. Power saving for UE is another area where 3GPP Release 16 has defined a number of new features, such as Wake up signal, Enhanced Cross-slot scheduling, Adaptive Multiple Input Multiple Output (MIMO) Layer reduction, and Relaxed radio resource management measurement. The conformance tests are defined by 3GPP in TS 38.523-1 corresponding to core requirements in TS 38.331and have been submitted to 3GPP Radio Access Network Working Group 5 (RAN WG5) by Anritsu. These tests will also be submitted to Global Certification Forum (GCF) Certification Agreement Group (CAG), and PCS Type Certification Review Board (PTCRB) PTCRB Validation Group (PVG) for approval in the upcoming meetings. The 5G NR Mobile Device Test Platform ME7834NR is registered with both the GCF and PTCRB as Test Platform 251. The ME7834NR is a test platform for 3GPP-based Protocol Conformance Test (PCT) and Carrier Acceptance Testing (CAT) of mobile devices incorporating Multiple Radio Access Technologies. It supports 5G NR in both Standalone and Non-Standalone, in addition to LTE, LTE-Advanced, LTE-A Pro, and W-CDMA. When combined with Anritsu's OTA RF chamber MA8171A and RF converters, the ME7834NR covers the sub-6 GHz and millimeter wave (mmWave) 5G NR frequency bands. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥24.70 (vs JP¥25.79 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥27.4b (up 3.7% from 2Q 2021). Net income: JP¥3.38b (down 4.6% from 2Q 2021). Profit margin: 12% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.7%). Aankondiging • Sep 03
Anritsu Introduces Broadband VNA System with Single-Sweep Coverage Up to 125 GHZ with Guaranteed and Typical Specifications Anritsu introduced the VectorStar ME7838AX/EX series, the first vector network analyzer (VNA) broadband systems to offer single-sweep coverage up to 125 GHz/110 GHz with guaranteed and typical specifications. The unique capabilities of the VectorStar ME7838AX/EX systems to sweep and provide characterized data through 125 GHz provide design engineers with the ability to significantly and confidently improve their device models for dramatic improvements in first time yields and performance. Four broadband VectorStar-based VNA models from 10 MHz (optional 70 kHz) to 125 GHz with guaranteed specifications are available. With the additional 5 GHz guaranteed frequency sweep compared to previous VectorStar systems, the ME7838AX, ME7838A4X, ME7838EX and ME7838E4X meet the market need for accurate verification of components and broadband applications operating at 122 GHz. 125 GHz Calibration/Verification Kits:
To support measurements to 125 GHz, Anritsu also introduces the 3656C Series calibration and verification kits that are characterized to 125 GHz. Four versions are available to meet customer requirements and needs. Calibration kits are available with cal. coefficients (.ccf) only and with or without a verification kit. Anritsu also offers .s1p database definitions (and .ccf) calibration kits with or without verification kits. Best-in-class Performance: The VectorStar ME7838AX/EX continue to provide the best-in-class performance of existing VectorStar ME7838 series broadband systems, including superior time domain analysis utilizing the most points available in a single channel with the widest broadband frequency and best resolution. Other performance benefits of VectorStar broadband systems are industry-best millimeter wave (mmWave) noise floor and dynamic range at 120/125 GHz, calibration and measurement stability of 0.05° over 24 hours, and broadband measurement speed of 1 second at 1601 points, 10 kHz IFBW. Similar to other VectorStar broadband systems, the ME7838AX/EX are compatible with compact, lightweight mmWave modules for easy, precise, and economical positioning on the wafer probe station. They are the only mmWave modules compact enough to provide direct connection to on-wafer probes for maximum dynamic range and measurement stability. Included in the series is the first mmWave module with electronic power leveling to offer the widest power level control of up to 50 dB. Anritsu provides an efficient upgrade path to existing VectorStar ME7838 broadband system customers. The ME7838AX/EX systems are available in 2- and 4-port configurations. Variety of Applications: The ME7838AX/EX have been developed for communication design engineers designing systems for on-wafer applications, as well as on-wafer production facilities where a combination of RF, microwave, and mmWave devices, components, and subsystems need to be measured on the same wafer. They are also well suited for research institutes exploring new technologies and system designs, manufacturers, institutes, and universities designing and developing silicon photonic solutions, and universities investigating emerging communications technologies. Aankondiging • Aug 06
Anritsu Corporation in Collaboration with Qualcomm, Verifies Industry-First Dual Connectivity Test for 5G New Radio Standalone Mode Anritsu Corporation announced that the first Dual Connectivity Protocol Conformance test for 5G New Radio (NR) Standalone (SA) has been verified on the 5G NR Mobile Device Test Platform ME7834NR powered by the Snapdragon® X65 5G Modem-RF System. NR Dual Connectivity (NR DC) allows a device to connect to two 5G NR serving nodes concurrently, enabling higher throughput, better coverage, and improved latency and reliability. This is the first test where NR SA is operated over millimeter Wave (mmWave), and sub-6 GHz frequencies simultaneously. 5G devices can now take advantage of the wider reach of mid-band sub-6 GHz frequencies, along with the high data rates supported by mmWave. The conformance tests are defined by 3GPP in TS 38.523 and have been submitted to 3GPP RAN WG5 (Radio Access Network Working Group 5) by Anritsu and others. These tests will also be submitted to GCF (Global Certification Forum) CAG (Certification Agreement Group), and PTCRB (PCS Type Certification Review Board) PVG (PTCRB Validation Group) for approval in the upcoming meetings. Reported Earnings • Jun 29
Full year 2021 earnings released: EPS JP¥117 (vs JP¥97.20 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥105.9b (down 1.0% from FY 2020). Net income: JP¥16.1b (up 21% from FY 2020). Profit margin: 15% (up from 13% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥117 (vs JP¥97.20 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥105.9b (down 1.0% from FY 2020). Net income: JP¥16.1b (up 21% from FY 2020). Profit margin: 15% (up from 13% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 27
Anritsu Corporation Announces Dividend for the Year Ended March 31, 2021, Payable on June 25, 2021 Anritsu Corporation announced that it has revised the year-end dividend from JPY 21.50 per share to JPY 24.50 per share (increase JPY 3.00
per share). As a result, the annual dividend will be JPY 40.00 per share (including interim dividend JPY 15.50 per share) for the fiscal year ended March 31, 2021. Record date is March 31, 2021. The dividend will be payable on June 25, 2021. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥21.50 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.5%). Aankondiging • Mar 04
Anritsu Corporation to Report Fiscal Year 2021 Results on Apr 27, 2021 Anritsu Corporation announced that they will report fiscal year 2021 results on Apr 27, 2021 Is New 90 Day High Low • Feb 26
New 90-day low: €17.50 The company is down 7.0% from its price of €18.80 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.19 per share. Aankondiging • Feb 26
Anritsu and Tektronix Introduce PCI Express 5.0® Test System Anritsu Corporation and Tektronix, Inc. announce an automated PCI Express® 5.0 (PCIe Gen5) test solution combining Anritsu'sSignal Quality Analyzer-R MP1900A BERT series with Tektronix's DPO70000SX series 70 GHz Real-time Oscilloscope and automation software. The all-in-one solution supports tests of PCIe 5.0 electrical characteristics, physical-layer protocol analysis, and transmitter/receiver and Link Equalization Training (LEQ) tests to facilitate efficient development of high-speed ICs, devices, and networks used in emerging environments, including 5G. The Anritsu and Tektronix end-to-end solution can be quickly configured to support required PCIe 5.0 specifications and supports automated transmitter test, receiver jitter tolerance test, and Tx/Rx LEQ compliance test items. It incorporates waveform-calibration automation software with analysis functionality using event trigger and high-speed calibration between the MP1900A BERT and DPO70000SX oscilloscope to reduce test times. Cost-of-test is lowered, as the solution supports PCIe 1.0-5.0 without a hardware upgrade and can upgrade to PCIe 6.0 test capability with a minimum hardware investment. Aankondiging • Feb 25
Anritsu Corporation in Collaboration with Qualcomm, Verifies Industry-First EPS-FB Test for 5G New Radio Anritsu Corporation announced that the first EPS-FB Protocol Conformance test for 5G NR has been verified on the ME7834NR 5G NR Mobile Device Test Platform powered by the Qualcomm Snapdragon X60 5G Modem-RF System. EPS Fallback is a mobility trigger for improving voice Key Performance Indicator (KPI), which enables 5G phones to use Next Generation Core (NGC) with New Radio for all data traffic, while allowing phones to switch to Long Term Evolution (LTE) Evolved Packet Core (EPC) for voice calls. Now, devices without full support of Voice over New Radio (VoNR) capability can use Standalone mode (SA) NR networks, and network operators can deploy NGC without full support of voice services. The conformance tests are defined by 3GPP in TS 38.523-1 and have been submitted by Anritsu to 3GPP Radio Access Network Working Group 5 (RAN WG5). These tests will also be submitted to Global Certification Forum (GCF) Certification Agreement Group (CAG), and PCS Type Certification Review Board (PTCRB) PTCRB Validation group (PVG) for approval in the upcoming meetings. The ME7834NR 5G Mobile Device Test Platform is registered with both the GCF and PTCRB as Test Platform (TP) 251. The ME7834NR is a test platform for 3GPP-based Protocol Conformance Test (PCT) and Carrier Acceptance Testing (CAT) of mobile devices incorporating Multiple Radio Access Technologies (RAT). It supports 5G NR in both Standalone (SA) and Non-Standalone (NSA) mode, in addition to LTE, LTE-Advanced (LTE-A), LTE-A Pro, and W-CDMA. When combined with Anritsu's new OTA chamber MA8171A and RF converters, the ME7834NR covers the sub-6 GHz and millimeter wave (mmWave) 5G frequency bands. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥24.62 (vs JP¥26.56 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥24.4b (down 8.3% from 3Q 2020). Net income: JP¥3.38b (down 7.3% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue misses expectations Revenue missed analyst estimates by 9.7%. Over the next year, revenue is forecast to grow 11%, compared to a 22% growth forecast for the Electronic industry in Germany. Aankondiging • Jan 29
Anritsu Corporation Revises Earnings Results for the Year Ending March 31, 2021 Anritsu Corporation revised earnings results for the year ending March 31, 2021. For the year, the company expects revenue of JPY 110,000 million compared to previous guidance of JPY 110,000 million a year ago, operating profit of JPY 19,000 million compared to previous guidance of JPY 17,500 million a year ago, profit of JPY 14,500 million compared to previous guidance of JPY 13,500 million a year ago, and basic earnings per share of JPY 105.50 compared to JPY 98.23 a year ago. Is New 90 Day High Low • Jan 18
New 90-day high: €20.00 The company is up 2.0% from its price of €19.70 on 20 October 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.56 per share. Aankondiging • Nov 29
Anritsu Corporation to Report Q3, 2021 Results on Jan 28, 2021 Anritsu Corporation announced that they will report Q3, 2021 results on Jan 28, 2021 Analyst Estimate Surprise Post Earnings • Nov 18
Revenue misses expectations Revenue missed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 6.2%, compared to a 26% growth forecast for the Electronic industry in Germany. Reported Earnings • Nov 18
Second quarter 2021 earnings released: EPS JP¥25.79 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: JP¥26.5b (flat on 2Q 2020). Net income: JP¥3.55b (up 23% from 2Q 2020). Profit margin: 13% (up from 11% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Nov 01
Semi-annual earnings released: Revenue misses expectations Semi-annual revenue missed analyst estimates by 2.1% at JP¥52.2b. Revenue is forecast to grow 6.8% over the next year, compared to a 22% growth forecast for the Electronic industry in Germany. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of JP¥15.8b, up 50% from the prior year. Total revenue was JP¥109.4b over the last 12 months, up 4.0% from the prior year. Is New 90 Day High Low • Oct 13
New 90-day high: €20.40 The company is up 1.0% from its price of €20.20 on 15 July 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.32 per share. Aankondiging • Aug 30
Anritsu Corporation to Report Q2, 2021 Results on Oct 29, 2020 Anritsu Corporation announced that they will report Q2, 2021 results on Oct 29, 2020 
