ANRITSU CORPORATION CONSOLIDATED FINANCIAL SUMMARY
FOR THE THIRD QUARTER ENDED DECEMBER 31, 2021
(IFRS)
Company Name: ANRITSU CORPORATION | January 27, 2022 | |||||||||||||||||||||||||||||
Stock exchange listings: Tokyo | ||||||||||||||||||||||||||||||
Securities code: 6754 | URL: https://www.anritsu.com | |||||||||||||||||||||||||||||
Representative: Hirokazu Hamada ; President and Director | ||||||||||||||||||||||||||||||
Inquiries: Akifumi Kubota ; Director, Executive Vice President, CFO | Tel : +81 46 296 6507 | |||||||||||||||||||||||||||||
Quarterly statement filing date (as planned): February 10, 2022 | ||||||||||||||||||||||||||||||
Dividend payable date (as planned): - | ||||||||||||||||||||||||||||||
Supplemental material of quarterly results: Yes | ||||||||||||||||||||||||||||||
Convening briefing of quarterly results: Yes (for financial analysts and institutional investors) | ||||||||||||||||||||||||||||||
(Millions of yen, round down) | ||||||||||||||||||||||||||||||
1. Consolidated financial results of the third quarter ended December 31, 2021 | ||||||||||||||||||||||||||||||
(From April 1, 2021 to December 31, 2021) | ||||||||||||||||||||||||||||||
(1) Consolidated Operating Results | (Note) Percentage figures indicate change from the same quarter a year ago. | |||||||||||||||||||||||||||||
Operating profit | Profit (loss) | Profit (loss) | Total | |||||||||||||||||||||||||||
Revenue | Profit (loss) | attributable to | ||||||||||||||||||||||||||||
comprehensive | ||||||||||||||||||||||||||||||
(loss) | before tax | owners of | income | |||||||||||||||||||||||||||
parent | ||||||||||||||||||||||||||||||
For the nine months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||||||||||
December, 2021 | 75,864 | -0.9 | 10,943 | -22.2 | 11,097 | -20.4 | 8,206 | -21.7 | 8,168 | -21.8 | 9,412 | -10.2 | ||||||||||||||||||
December, 2020 | 76,564 | 0.2 | 14,060 | 24.3 | 13,933 | 24.0 | 10,477 | 25.6 | 10,445 | 25.7 | 10,485 | 32.5 | ||||||||||||||||||
Basic earnings | Diluted earnings | |||||||||||||||||||||||||||||
per share | per share | |||||||||||||||||||||||||||||
For the nine months ended | Yen | Yen | ||||||||||||||||||||||||||||
December, 2021 | 59.83 | 59.81 | ||||||||||||||||||||||||||||
December, 2020 | 76.00 | 75.96 | ||||||||||||||||||||||||||||
(2) Consolidated Financial Positions | ||||||||||||||||||||||||||||||
Total assets | Total equity | Equity attributable to | Equity attributable to | |||||||||||||||||||||||||||
owners of parent to | ||||||||||||||||||||||||||||||
owners of parent | ||||||||||||||||||||||||||||||
total assets ratio | ||||||||||||||||||||||||||||||
For the nine months ended | Millions of yen | Millions of yen | Millions of yen | % | ||||||||||||||||||||||||||
December, 2021 | 142,123 | 107,745 | 107,511 | 75.6 | ||||||||||||||||||||||||||
For the year ended | ||||||||||||||||||||||||||||||
March, 2021 | 144,100 | 109,455 | 109,258 | 75.8 | ||||||||||||||||||||||||||
2. Dividends | ||||||||||||||||||||||||||||||
Annual dividend | ||||||||||||||||||||||||||||||
First quarter | Second quarter | Third quarter | Fiscal year end | Total | ||||||||||||||||||||||||||
For the year ended | Yen | Yen | Yen | Yen | Yen | |||||||||||||||||||||||||
March, 2021 | － | 15.50 | － | 24.50 | 40.00 | |||||||||||||||||||||||||
For the year ending | ||||||||||||||||||||||||||||||
March, 2022 | － | 20.00 | － | |||||||||||||||||||||||||||
For the year ending | ||||||||||||||||||||||||||||||
March, 2022 | 20.00 | 40.00 | ||||||||||||||||||||||||||||
(Forecast) | ||||||||||||||||||||||||||||||
(Note) Correction of dividend forecast from the most recent dividend forecast: No | ||||||||||||||||||||||||||||||
3. Consolidated Forecast for the year ending March 31, 2022 (From April 1, 2021 to March 31, 2022) | ||||||||||||||||||||||||||||||
(Note) Percentage figures indicate change from the previous period. | ||||||||||||||||||||||||||||||
Operating profit | Profit (loss) | Profit (loss) | Basic earnings | |||||||||||||||||||||||||||
Revenue | Profit (loss) | attributable to | ||||||||||||||||||||||||||||
(loss) | before tax | owners of | per share | |||||||||||||||||||||||||||
parent | ||||||||||||||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | ||||||||||||||||||||
Annual | 110,000 | 3.8 | 17,500 | -10.9 | 17,500 | -11.8 | 14,000 | -13.3 | 14,000 | -13.1 | 102.55 | |||||||||||||||||||
(Note) Correction of financial forecast from the most recent financial forecast: Yes
- Others
(1) Material changes in subsidiaries during this period
(Changes in scope of consolidations resulting from change in subsidiaries) : None
Number of subsidiaries newly consolidated : -
Number of subsidiaries excluded from consolidation : -
- Changes in accounting policies and accounting estimates
- Changes in accounting policies required by IFRS : None
- Changes in accounting policies other than IFRS requirements : None
- Changes in accounting estimates : None
- The number of issued shares
- Number of issued shares at the period end （including treasury stock）
Q3FY2021 (Dec. 31, 2021) | 138,303,994 | shares | FY2020 (Mar. 31, 2021) | 138,282,494 | shares | ||
2. | Total number of treasury stock at the period end | ||||||
Q3FY2021 (Dec. 31, 2021) | 3,349,538 | shares | FY2020 (Mar. 31, 2021) | 830,502 | shares | ||
3. | Average number of issued shares during the period (quarterly period-YTD) | ||||||
Q3FY2021 (Dec. 31, 2021) | 136,520,492 | shares | Q3FY2020 (Dec. 31, 2020) | 137,441,710 | shares |
This financial summary is not subject to audit by a certified public accountant or an audit corporation.
Notes for using forecasted information and others
・As the business forecast mentioned above are based on the recent information, actual results may vary substantially from projections above due to known or unknown risks, changes relating to uncertainties, and others. The reader should be aware that actual results may be materially different from any future results expressed herein due to various factors.
・With regard to notes for utilizing preconditions of outlook and business forecast, please refer to 1. Consolidated Financial Results (2) Outlook for the Fiscal Year Ending March 31, 2022 at page 5.
・Additional supplemental material related to the financial statements will be available at Anritsu's web site since the results briefing session to be held on January 27, 2022.
ANRITSU CORPORATION（6754） Financial Summary of 3rd Quarter FY2021
INDEX
1. | Consolidated Financial Results | 2 | |
(1) | Operating Results | 2 | |
(2) | Outlook for the Fiscal Year Ending March 31, 2022 | 5 | |
2. | Condensed Quarterly Consolidated Financial Statements | 7 | |
(1) | Condensed Quarterly Consolidated Statement of Financial Position | 7 | |
(2) | Condensed Quarterly Consolidated Statement of Comprehensive Income | 9 | |
(3) | Condensed Quarterly Consolidated Statements of Changes in Equity | 11 | |
(4) | Condensed Quarterly Consolidated Statements of Cash Flows | 12 | |
(5) | Notes to the Consolidated Financial Statements | 13 | |
3. | Reference Information | 14 | |
Consolidated Quarterly Financial Highlights | 14 | ||
Consolidated Quarterly Financial Position | 15 | ||
Consolidated Quarterly Segment Information | 16 | ||
Anritsu Corporation Supplement | 17 |
1
ANRITSU CORPORATION（6754） Financial Summary of 3rd Quarter FY2021
1. Consolidated Financial Results
(1) Operating Results
Nine Months Ended December 31, | (Millions of yen) | |||
2020 | 2021 | Change | ||
Orders | 79,797 | 83,203 | 3,406 | 4.3% |
Backlog | 24,326 | 31,810 | 7,483 | 30.8% |
Revenue | 76,564 | 75,864 | (700) | -0.9% |
Operating profit (loss) | 14,060 | 10,943 | (3,117) | -22.2% |
Profit (loss) before tax | 13,933 | 11,097 | (2,835) | -20.4% |
Profit (loss) | 10,477 | 8,206 | (2,271) | -21.7% |
Profit (loss) attributable to owners of parent | 10,445 | 8,168 | (2,276) | -21.8% |
In the field of information and communication, which is the main field of Test and Measurement Business, 5G commercialization schedules of operators in each country are making progress smoothly. In July 2020, 3GPP has standardized release 16(*1), which prescribe ultralow latency communications and multiple simultaneous connections for expansion of use case. 3GPP is working on standards of release 17(*1), targeting improved 5G efficiency and capability such as expansion of high frequency range, expansion of communication area, low-power consumption, and low-cost communication. Even in the United States, where adoption of commercial 5G via millimeter wave is lagging, moves toward commercialization via C-band (*2), which is in the Sub-6 GHz band, are becoming more active. In response, research and development for 5G utilization in the automotive field has begun, as well as research and demonstration experiments for building 5G networks in private domains such as local 5G. Furthermore, research and development for the next generation communication standard, 6G, has begun.
In 5G networks, the O-RAN ALLIANCE has been working to open up wireless access networks so that operators can build wireless networks more flexibly. By applying the O-RAN standard specifications to base station equipment that was previously configured with the manufacturer's proprietary interface, it has become easier to build multi-vendor radio access networks. As a result, operators around the world are introducing O-RAN, and the 5G base station market is vitalizing.
Since the data traffic is expanding rapidly due to sophisticated cloud computing services and the progress of 5G services, the network infrastructure is under strain. To solve this issue, service providers that are pursuing higher-speed networks are concentrating on the promotion of 100Gbps services, and network equipment manufacturers are developing 400Gbps network equipment.
With regard to COVID-19, the situation continues to be uncertain due to the re-spreading of infection by new variants. There are concerns about the prolonged impact of the global shortage of semiconductors on socioeconomic activities, and this is a significant risk factor for corporate performance.
Amid such environment, the Test and Measurement Business Group has focused on solution development for the 5G investment demand as well as improvement of organizational infrastructure. Consequently, the group acquired development demand for 5G commercialization. Furthermore, it acquired development and production demand for higher-speed networks.
While in the field of PQA (Product Quality Assurance), automation investment on processed foods production lines is underway, and demand for contaminant inspection using X-rays and quality guarantee toward packaging remained steady. Amid such environment, the PQA Group has worked to reinforce competitiveness of its solutions focused on X-rays, as well as strengthen its sales structure.
As a result, during the cumulated third-quarter of the fiscal year ending March 31, 2022, orders
2
ANRITSU CORPORATION（6754） Financial Summary of 3rd Quarter FY2021
increased 4.3 percent compared with the same period of the previous fiscal year to 83,203 million yen, and revenue decreased 0.9 percent to 75,864 million yen. Operating profit decreased 22.2 percent to 10,943 million yen, profit before tax decreased 20.4 percent to 11,097 million yen. Profit decreased 21.7 percent to 8,206 million yen, and profit attributable to owners of parent decreased 21.8 percent to 8,168 million yen.
(*1) standard number used in 3GPP
(*2)The name for one of the frequency bands (4 to 8 GHz) when dividing the microwave bands
3
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Anritsu Corporation published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 06:28:20 UTC.
