Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥3,834, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 243% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,220 per share. Announcement • 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 Price Target Changed • May 19
Price target increased by 13% to JP¥2,836 Up from JP¥2,503, the current price target is an average from 9 analysts. New target price is 32% below last closing price of JP¥4,144. Stock is up 170% over the past year. The company is forecast to post earnings per share of JP¥113 for next year compared to JP¥91.19 last year. Price Target Changed • Apr 28
Price target increased by 15% to JP¥2,581 Up from JP¥2,242, the current price target is an average from 9 analysts. New target price is 35% below last closing price of JP¥3,972. Stock is up 176% over the past year. The company is forecast to post earnings per share of JP¥109 for next year compared to JP¥91.19 last year. Reported Earnings • Apr 28
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥91.19 (up from JP¥70.42 in FY 2025). Revenue: JP¥117.5b (up 4.0% from FY 2025). Net income: JP¥11.7b (up 26% from FY 2025). Profit margin: 9.9% (up from 8.2% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 5.9%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 27
Anritsu Corporation, Annual General Meeting, Jun 25, 2026 Anritsu Corporation, Annual General Meeting, Jun 25, 2026. Announcement • 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 Buy Or Sell Opportunity • Mar 25
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to JP¥2,977. The fair value is estimated to be JP¥2,447, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.7%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%). Price Target Changed • Mar 14
Price target increased by 7.5% to JP¥2,242 Up from JP¥2,086, the current price target is an average from 9 analysts. New target price is 22% below last closing price of JP¥2,891. Stock is up 115% over the past year. The company is forecast to post earnings per share of JP¥86.09 for next year compared to JP¥70.42 last year. Buy Or Sell Opportunity • Mar 05
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to JP¥3,041. The fair value is estimated to be JP¥2,450, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.7%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥3,094, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 172% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,984 per share. Buy Or Sell Opportunity • Feb 13
Now 21% undervalued Over the last 90 days, the stock has risen 4.2% to JP¥2,371. The fair value is estimated to be JP¥2,993, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 7.7%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Jan 30
Third quarter 2026 earnings: EPS misses analyst expectations Third quarter 2026 results: EPS: JP¥19.63 (down from JP¥20.23 in 3Q 2025). Revenue: JP¥29.4b (up 6.7% from 3Q 2025). Net income: JP¥2.51b (down 5.7% from 3Q 2025). Profit margin: 8.6% (down from 9.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jan 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.0% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Jan 21
Now 20% undervalued Over the last 90 days, the stock has risen 26% to JP¥2,337. The fair value is estimated to be JP¥2,922, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Declared Dividend • Dec 04
First half dividend of JP¥20.00 announced Dividend of JP¥20.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 1.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • 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 Buy Or Sell Opportunity • Dec 02
Now 21% undervalued Over the last 90 days, the stock has risen 32% to JP¥2,292. The fair value is estimated to be JP¥2,914, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Price Target Changed • Nov 14
Price target increased by 11% to JP¥1,886 Up from JP¥1,700, the current price target is an average from 9 analysts. New target price is 17% below last closing price of JP¥2,275. Stock is up 98% over the past year. The company is forecast to post earnings per share of JP¥84.27 for next year compared to JP¥70.42 last year. Announcement • 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. 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 JP¥2,258, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,896 per share. Buy Or Sell Opportunity • Nov 05
Now 23% undervalued Over the last 90 days, the stock has risen 26% to JP¥2,243. The fair value is estimated to be JP¥2,916, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Oct 31
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: EPS: JP¥25.20 (up from JP¥11.54 in 2Q 2025). Revenue: JP¥28.1b (flat on 2Q 2025). Net income: JP¥3.23b (up 112% from 2Q 2025). Profit margin: 12% (up from 5.4% in 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). New Risk • Sep 12
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 Japanese stocks, typically moving 5.7% 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 (5.7% average weekly change). Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,992, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,934 per share. Announcement • 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 Reported Earnings • Jul 31
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: JP¥4.55 (down from JP¥5.43 in 1Q 2025). Revenue: JP¥23.6b (down 6.4% from 1Q 2025). Net income: JP¥583.0m (down 19% from 1Q 2025). Profit margin: 2.5% (down from 2.8% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 66%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥20.00 announced Dividend of JP¥20.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 01
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥70.42 (up from JP¥58.28 in FY 2024). Revenue: JP¥113.0b (up 2.8% from FY 2024). Net income: JP¥9.26b (up 21% from FY 2024). Profit margin: 8.2% (up from 7.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • 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 Price Target Changed • May 27
Price target increased by 7.7% to JP¥1,381 Up from JP¥1,283, the current price target is an average from 7 analysts. New target price is 14% below last closing price of JP¥1,606. Stock is up 37% over the past year. The company is forecast to post earnings per share of JP¥81.19 for next year compared to JP¥70.42 last year. Reported Earnings • Apr 26
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥70.42 (up from JP¥58.28 in FY 2024). Revenue: JP¥113.0b (up 2.8% from FY 2024). Net income: JP¥9.26b (up 21% from FY 2024). Profit margin: 8.2% (up from 7.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Apr 25
Anritsu Corporation, Annual General Meeting, Jun 25, 2025 Anritsu Corporation, Annual General Meeting, Jun 25, 2025. Announcement • 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 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Jan 31
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: JP¥20.23 (up from JP¥8.61 in 3Q 2024). Revenue: JP¥27.5b (up 2.4% from 3Q 2024). Net income: JP¥2.67b (up 135% from 3Q 2024). Profit margin: 9.7% (up from 4.2% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • 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. Declared Dividend • Dec 04
First half dividend of JP¥20.00 announced Dividend of JP¥20.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 5.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • 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: EPS misses analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • 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 Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Announcement • 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 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,020, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Electronic industry in Japan. Total loss to shareholders of 41% over the past three years. Reported Earnings • Aug 02
First quarter 2025 earnings: EPS misses analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 58%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Dividend of JP¥20.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 3.2%, 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. Announcement • 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 Announcement • Apr 26
Anritsu Corporation Announces Retirement of Masumi Niimi as Director, Effective from June 25, 2024 Anritsu Corporation announced the retirement of Masumi Niimi as Director (excluding Directors elected as Audit & Supervisory Committee Members). Mr. Masumi Niimi will retire from Director at the conclusion of the 98th Ordinary General Meeting of Shareholders scheduled for June 25, 2024. Reported Earnings • Apr 26
Full year 2024 earnings: Revenues and EPS in line with analyst expectations 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 was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Apr 26
Anritsu Corporation, Annual General Meeting, Jun 25, 2024 Anritsu Corporation, Annual General Meeting, Jun 25, 2024. 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 Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Announcement • 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 Reported Earnings • Jan 31
Third quarter 2024 earnings: EPS and revenues miss analyst expectations 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 missed analyst estimates by 5.5%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. 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 23% per year. Announcement • 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 21% After last week's 21% share price gain to JP¥1,181, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Electronic industry in Japan. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,003 per share. New Risk • Nov 02
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 Japanese stocks, typically moving 5.4% 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 Dividend is not well covered by cash flows (109% cash payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (6.5% net profit margin). Reported Earnings • Nov 01
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations 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 exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Japan. 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 21% 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%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Announcement • 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 Price Target Changed • Aug 09
Price target decreased by 11% to JP¥1,095 Down from JP¥1,229, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥1,043. Stock is down 36% over the past year. The company is forecast to post earnings per share of JP¥69.19 for next year compared to JP¥69.97 last year.