Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>Anritsu's FY03/27 forecast includes revenue of JPY140.0bn, operating profit of JPY20.0bn, and EPS of JPY117.19.</li><li>Orders increased 10.6% YoY; operating profit rose 22.3% YoY, driven by PQA segment growth and profitability improvements.</li><li>Revenue in FY03/26 fell short due to weak Q1 Test and Measurement performance, but profit exceeded plans through PQA expansion.</li></ul>

Anritsu's FY03/27 forecast includes revenue of JPY140.0bn, operating profit of JPY20.0bn, and EPS of JPY117.19.Orders increased 10.6% YoY; operating profit rose 22.3% YoY, driven by PQA segment growth and profitability improvements.Revenue in FY03/26 fell short due to weak Q1 Test and Measurement performance, but profit exceeded plans through PQA expansion.

Anritsu Corp (6754 JP): Full-year FY03/26 flash update

Japanese Equity Specialist, Ortus Advisors

Andrew Jackson

Japanese Equity Specialist

Ortus Advisors

Thematic (Sector/Industry)

<ul>
<li>Even a slight disappointment from NVDA could trigger a big correction in Japanese SPE names who have already started to waver in the last few days post-earnings. </li>
<li>Lasertec, Disco and Advantest retreating but merely a blip on their 1-year charts with room for more profit taking.</li>
<li>Space names Synspective and Axelspace still look attractive ahead of SpaceX pricing in 3 weeks.</li>
</ul>


Even a slight disappointment from NVDA could trigger a big correction in Japanese SPE names who have already started to waver in the last few days post-earnings. 
Lasertec, Disco and Advantest retreating but merely a blip on their 1-year charts with room for more profit taking.
Space names Synspective and Axelspace still look attractive ahead of SpaceX pricing in 3 weeks.


Japan Morning Connection: NVDA Numbers Tomorrow Loom Over Already Wavering SPE Names

<ul><li>Orders increased 6.0% YoY, while revenue declined 0.3% YoY, with operating profit rising 31.0% YoY.</li><li>Revenue for FY03/26 is forecasted at JPY123.0bn, with operating profit at JPY15.0bn, assuming JPY145/USD exchange rate.</li><li>Progress toward full-year targets reached 65.9% for revenue and 56.1% for operating profit by Q3.</li></ul>

Orders increased 6.0% YoY, while revenue declined 0.3% YoY, with operating profit rising 31.0% YoY.Revenue for FY03/26 is forecasted at JPY123.0bn, with operating profit at JPY15.0bn, assuming JPY145/USD exchange rate.Progress toward full-year targets reached 65.9% for revenue and 56.1% for operating profit by Q3.

Anritsu Corp (6754 JP): Q3 FY03/26 flash update

<ul><li>Orders increased 2.9% YoY, while revenue declined 3.0% YoY; operating profit rose 40.7% YoY, driven by Test and Measurement.</li><li>Revenue fell 9.0% YoY due to insufficient recovery from US tariff policy delays; segment operating profit increased 55.3% YoY.</li><li>Full-year FY03/26 forecast: Revenue JPY123.0bn (+8.9% YoY), operating profit JPY15.0bn (+23.7% YoY), EPS JPY85.87.</li></ul>

Orders increased 2.9% YoY, while revenue declined 3.0% YoY; operating profit rose 40.7% YoY, driven by Test and Measurement.Revenue fell 9.0% YoY due to insufficient recovery from US tariff policy delays; segment operating profit increased 55.3% YoY.Full-year FY03/26 forecast: Revenue JPY123.0bn (+8.9% YoY), operating profit JPY15.0bn (+23.7% YoY), EPS JPY85.87.

Anritsu Corp (6754 JP): 1H FY03/26 flash update

<ul><li>Orders decreased by 3.2% YoY, while revenue fell 6.4% YoY; operating profit increased 115.3% YoY.</li><li>Revenue rose 22.6% YoY in the PQA segment, driven by automation investments in the food industry.</li><li>The company forecasts FY03/26 revenue of JPY123.0bn (+8.9% YoY) and operating profit of JPY15.0bn (+23.7% YoY).</li></ul>

Orders decreased by 3.2% YoY, while revenue fell 6.4% YoY; operating profit increased 115.3% YoY.Revenue rose 22.6% YoY in the PQA segment, driven by automation investments in the food industry.The company forecasts FY03/26 revenue of JPY123.0bn (+8.9% YoY) and operating profit of JPY15.0bn (+23.7% YoY).

Anritsu Corp (6754 JP): Q1 FY03/26 flash update

Japan

ANRITSU CORPORATION manufactures electronic systems and equipment for telecommunication equipment, measurement instruments, electronic devices, and industrial machinery.  The Company's products include communication network test equipment, and radio monitoring receivers.  Anritsu operates worldwide.

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Anritsu Corp (6754 JP)