Anritsu raised its forecast for the year to March 2027 on stronger demand for instruments used to test optical transceivers. The same announcement cut expectations for its EV and battery test business, which the company now expects to lose money.
The guidance change
In a revision approved by the board on 29 October 2026, Anritsu lifted revenue guidance to ¥145bn from ¥140bn, and operating profit to ¥22bn from ¥20bn. Net profit attributable to owners rose to ¥16bn from ¥15bn. The communications test segment's operating-profit guide went to ¥20bn from ¥16.5bn. The company said demand for instruments serving optical-transceiver production was strong and expected to exceed its initial plan.
The interim results tie that demand to AI. Anritsu said data-centre demand, including the optical-transceiver market, was strong against the spread of AI, and that customer investment delayed by last year's US tariff policy had recovered. Communications test operating profit for April to September was ¥8.69bn, up 120.2%.
The weak spot
Environmental measurement is the exception. Anritsu now guides this segment to an operating loss of ¥1.2bn, against a ¥1bn profit in the April forecast, and cut its revenue guide to ¥14.5bn from ¥16bn. The company cited delayed domestic EV and battery test investment and a goodwill impairment at a consolidated subsidiary. The impairment was ¥1.34bn for the half, and the segment's operating loss in the period was ¥1.26bn. Anritsu's presentation describes EV and battery test equipment demand as in an adjustment phase, while data-acquisition systems stayed solid.
Shareholders
The year-end dividend forecast rises to ¥38 from ¥25, taking the annual forecast to ¥63 per share including the ¥25 interim payout, against ¥50 the previous year. Anritsu's stated policy is to raise dividend on equity as profit grows, with a consolidated payout-ratio target of 50% or more.
The forecasts carry the company's standard warning that actual results may differ materially, with demand trends, price pressure and exchange rates among the factors it names. The guidance assumes ¥150 to the dollar for the second half.