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Financial Results for the 3rd quarter of the Fiscal Year ending March 31, 2026 Shunichi Sugita Director, Senior Vice President, CFO ANRITSU CORPORATION January 29th, 2026 TSE code：6754 https://www.anritsu.com TSE Prime Market
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2ANRITSU CORPORATION Financial Results FY2025 3Q All information contained in this release which pertains to the current plans, estimates, strategies and beliefs of ANRITSU CORPORATION (hereafter "Anritsu") that is not historical fact shall be considered forward-looking statements of future business results or other forward-looking projections pertinent to the business of Anritsu. Implicit in reliance on these and all future projections is the unavoidable risk, caused by the existence of uncertainties about future events, that any and all suggested projections may not, come to pass. Forward-looking statements include but are not limited to those using words such as "believe", "expect", "plans", "strategy", "prospects", "forecast", "estimate", "project", "anticipate", "may" or "might" and words of similar meaning in connection with a discussion of future operations or financial performance. Actual business results are the outcome of a number of unknown variables and may substantially differ from the figures projected herein. Factors which may affect the actual business results include but are not limited to the economic situation in the geographic areas in which Anritsu conducts business, including but not limited to, Japan, Americas, Asia, and Europe, changes in actual demand for Anritsu products and services, increases or decreases in the competitive nature of markets in which Anritsu sells products or buys supplies, changing aptitudes at providing services, and exchange rates. You also should not place reliance on any obligation of Anritsu to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise. Anritsu disclaims any such obligation. Cautionary Statement
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3Financial Results FY2025 3QANRITSU CORPORATION Agenda 1. Outline of our business segments 2. Consolidated performance review of the 3rd quarter of the Fiscal Year ending March 31, 2026 3. Outlook for full year of the Fiscal Year ending March 31, 2026 (Consolidated) 4. Anritsu Initiatives
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4ANRITSU CORPORATION Financial Results FY2025 3Q PQA Safety & security of food & medicals/pharmaceuticals 1. Outline of our business segments PQA 28% T&M 62% PQA 25% Mobile 43% Network Infrastructure 39% Electronics 18% T&M Evolution and advances of networked society EM Toward a decarbonized society ◆ Food inspection market ◆ Medical/pharmaceutical inspection market ◆ EVs and batteries market ◆ Social infrastructure IT market ◆ Mobile : 5G/6G, 5G Utilization ◆ Network Infrastructure : Data center, Optical/Wireless NW ◆ Electronics : Electronics parts, Wireless Equipment, R&D Mobile 40% Network Infrastructure 36% Electronics 24% T&M 59 % Others ◆ Sensing & devices ◆ Others Others 6 % Others 5% EM 8% EM 7 % 113.0 billion Yen consolidated revenue in FY2024 Revenue in FY2024 81.1 billion Yen consolidated revenue in FY2025 (Apr to Dec) （ Revenue by business segment ） Japan 16% Americas 29% EMEA 19% Asia & Others 36% Revenue in FY2025 (Apr to Dec) （ Revenue of T&M business by region ） Americas 28% EMEA 18%Asia & Others 38%Japan 16%
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5ANRITSU CORPORATION Financial Results FY2025 3Q YoY increased revenue and profit 2-1. Consolidated performance - Financial results - International Financial Reporting Standards (IFRS) (Note) Numbers for FY2024 and FY2025 are rounded to the first decimal place. Unit: Billion Yen FY2024 (Apr to Dec) FY2025 (Apr to Dec) YoY YoY (%) Orders 81.9 86.8 4.9 6% Revenue 80.8 81.1 0.3 0% Operating profit (loss) 6.4 8.4 2.0 31% Profit (loss) before tax 7.2 9.4 2.2 30% Profit (loss) 4.9 6.3 1.4 29% Comprehensive income 6.4 10.1 3.7 57%
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6ANRITSU CORPORATION Financial Results FY2025 3Q Unit: Billion Yen FY2024 (Apr to Dec) FY2025 (Apr to Dec) YoY YoY (%) Revenue 50.9 48.2 (2.7) -5% Op. profit (loss) 4.4 6.5 2.1 47% Revenue 19.8 22.2 2.4 12% Op. profit (loss) 1.6 2.1 0.5 32% Revenue 5.7 5.6 (0.1) -2% Op. profit (loss) 0.4 (0.0) (0.4) - Revenue 4.4 5.1 0.7 15% Op. profit (loss) 1.1 1.4 0.3 27% Adjustment Op. profit (loss) (1.1) (1.5) (0.4) - Revenue 80.8 81.1 0.3 0% Op. profit (loss) 6.4 8.4 2.0 31% Others PQA Total T&M Environmental Measurement T&M decrease revenue but increase profit YoY, PQA increase revenue and profit YoY, Environmental Measurement decrease revenue and profit YoY 2-2. Consolidated performance - Results by business segment - (Note 1): Numbers for FY2024 and FY2025 are rounded to the first decimal place. (Note 2): Adjustment includes elimination of inter-segment transactions and non distributed company-wide expenses of each business segment. International Financial Reporting Standards (IFRS)
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7ANRITSU CORPORATION Financial Results FY2025 3Q 3Q(Oct-Dec) Operating margin：T&M 14.8％, PQA 8.0%, Environmental Measurement 3.2% 2-3. Consolidatedperformance -RevenueandOp.profitbyquarters- Note: Numbers are rounded to the first decimal place. Op. profit Bn. Yen Revenue Bn. Yen FY2025FY2024 FY2025FY2024
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8ANRITSU CORPORATION Financial Results FY2025 3Q 2-4. Overview of operations by business segment Segment FY2025 (Apr to Dec) T&M: Customer investment, which had been deferred due to US tariff policies, recovered gradually. Capital investment, which had been stagnant due to rising global prices and labor costs, has resumed. However, cautiousness regarding investment remained. Mobile Despite unstable investments, there is a gradual recovery trend in the 5G development market. Demand from automotives field is strong in the 5G utilization market. Network Infrastructure The creation of green data centers and data centers dedicated for generative AI use is accelerating. Installation of optical submarine cables is in increasing trend. Electronics Aggressive investment in basic research for 6G is currently in a wait-and-see situation. Demand for general purpose test instruments rose in both North America and Japan. Asia & Others/Japan Investment in the Chinese 5G smartphone development market is stagnating. Investment by data center market customers is strong. Americas Investment by data center market customers is strong. PQA: In Japan, the food demand related to inbound tourism is strong. Environmental: US tariff policies had an observable impact on demand for test solutions for EV/battery.
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9ANRITSU CORPORATION Financial Results FY2025 3Q T&M : increased 24％ YoY, PQA : increased 8% YoY, Environmental Measurement : decreased 32% YoY 2-5. Transition of Orders Note: Numbers are rounded to the first decimal place. Bn. Yen FY2025FY2023 FY2024
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10ANRITSU CORPORATION Financial Results FY2025 3Q Bn. Yen 2-6. Transition of Revenue by Region Note: Numbers are rounded to the first decimal place. FY2025FY2023 FY2024
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11ANRITSU CORPORATION Financial Results FY2025 3Q Operating cash flow margin ratio was 11.5% 2-7. Cash Flow FY2025 (Apr to Dec) Operating CF : 9.3 Bn. Yen Investing CF : (12.5) Bn. Yen Financing CF : (5.8) Bn. Yen Free Cash Flow Op.CF＋Inv. CF : (3.2) Bn. Yen Cash at the end of period 43.0 Bn. Yen Interest-bearing debt 7.0 Bn. Yen Note: Numbers are rounded to the first decimal place. Inv. CF (12.5) Fin. CF (5.8)Op. CF 9.3 Details Unit : Billion Yen
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12ANRITSU CORPORATION Financial Results FY2025 3Q Unit: Billion Yen FY2024 Actual Forecast YoY YoY(%) 113.0 123.0 10.0 9% 12.1 15.0 2.9 24% 12.7 15.0 2.3 18% 9.3 11.0 1.7 19% Revenue 70.1 77.0 6.9 10% Op. profit (loss) 8.4 12.0 3.6 43% Revenue 28.2 30.0 1.8 6% Op. profit (loss) 2.8 3.0 0.2 6% Revenue 8.5 10.0 1.5 17% Op. profit (loss) 0.9 0.9 0.0 0% Revenue 6.1 6.0 (0.1) -1% Op. profit (loss) 1.5 1.0 (0.5) -31% Adjustment Op. profit (loss) (1.4) (1.9) (0.5) - FY2025 Revenue PQA Operating profit (loss) Profit (loss) before tax Profit (loss) T&M Others Environmental Measurement Remains unchanged from that announced on April 25, 2025. 3. Forecast for full year of FY2025 (Consolidated) Reference : Exchange rate : FY2024 (Actual) 1USD=153 yen, 1EURO=164 yen FY2025 (Forecast) 1USD=145 yen, 1EURO=160 yen Note： Numbers for actual and forecast are rounded to the first decimal place. International Financial Reporting Standards (IFRS)
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13ANRITSU CORPORATION Financial Results FY2025 3Q 4. Anritsu Initiatives Representative Director, President ANRITSU CORPORATION Hirokazu Hamada
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14ANRITSU CORPORATION Financial Results FY2025 3Q Market size Market size 2024 Mobile Market Wireline Market High speed and increasing capacity of the green data center and for generation AI IoT/ Automotive 5G Manufacturing 2021 ・ Investment in Rel.16 development 20232022 5G/6G Utilization Market All Photonics Network 2025 2026 2027 2028 CY Base station : O - RAN / V - RAN ・ O - RAN base station manufacturing market ・ CPE(IoT module) ・ NR - NTN ・400GE mass production ・800GE mass production ・ Vision Pro (AR/VR) ・ RedCap chip development 2029 2030 5G - Advanced 5G Development ・IOWN 1.0 ・IOWN 2.0 ・ IOWN 3.0 6G ・ Enhancement 5G contents (Metaverse, etc ) ・ Investment in Rel.21 development ・ Investment in sub - Terahertz basic research ・ Investment in Rel.18 development ・ Investment in Rel.17 development ・ Investment in Rel.19 development ・ Investment in 5G Millimeter wave development ・ FR3 Basic research ・ Investment in AI Air Interface smartphone development ・ Manufacturing market for Millimeter wave ・ Manufacturing market for Sub6GHz ・ Investment in Rel.20 development ・ Investment in FR3 development ・ Smart Factory ・ 5G equipped car ・ NB - IoT NTN ・ Platoon drive of tracks ・ Drone ・ Autonomous car ・ Wi - Fi 7 ・ Wi - Fi 8 ・ NG - eCall ・ SDV ・ PCIe 6.0 standardization ・ PCIe 7.0 standardization ・ Investment in PCIe 6.0 development ・ Investment in PCIe 7.0 development ・ eRedCap chip development ・ Multi - core optical fiber ・ CPO mass production ・ 1.6TE mass production 4-1. Upcoming Initiatives : Mobile market trends and Business opportunity ・ Pre - 6G Los Angeles Olympics ・ Hybrid - eCall ・ Wrong - way vehicle detection technology ・1.6TE development ・ 3.2TE development Revised in October 2025
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15ANRITSU CORPORATION Financial Results FY2025 3Q 4-2. Q4 Business Drivers by Business Segment -Demand for manufacturing test instruments driven by expanded production of 800GE optical transceivers and the ramp-up of 1.6TE optical transceiver production in the data center–related market -Demand for general-purpose test and measurement instruments, as well as demand for the automotive market in Japan, Europe, and the United States -Demand for installation and maintenance test instruments for submarine optical cables -Capital investment demand for automation and labor-saving in quality assurance processes in Japan and North America -Demand for replacing auto checkweighters due to revisions to the Japanese Measurement Act PQA T&M Environmental Measurement -Starting sales of DEWETRON products in Japan using Anritsu’s sales network -Roll-out of TAKASAGO products in North American market
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16ANRITSU CORPORATION Financial Results FY2025 3Q One of the World’s Largest Technology Trade Shows January 6–9, 2026 | Las Vegas, USA CES Venue: Las Vegas Convention Center Anritsu’s Booth Goals of participating -Establish a stronger presence in industries outside the information and communication industry, such as the automotive industry -First joint exhibition by Anritsu, TAKASAGO, DEWETRON, and SmartViser, highlighting our broad range of solutions for automotive-related markets -Take the first step in the global expansion of our Environmental Measurement business Results -Our booth was visited by roughly 250 people, including new customers in the automotive, agricultural machinery, and construction machinery fields -Our power supply solutions captured the interest of North American customers 4-3. First-Time Participation CES（Consumer Electronics Show) 2026
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17ANRITSU CORPORATION Financial Results FY2025 3Q Company Name : DEWETRON GmbH Location : Grambach, Austria Established : August 18, 1989 Capital : €500,000 Main Products : Power measurement instruments and data acquisition systems Target Markets : Automotive, Aerospace, Renewable Energy October 21, 2025 – Share Transfer Completed From November 2025 – Fully Consolidated January 8, 2026 – Domestic Sales Launched 4-4. Completion of the DEWETRON Share Acquisition