财务信息 | Anritsu 中国

1. Trend of Results

International Financial Reporting Standards (IFRS)

(Millions of yen)

	2016/3	2017/3	2018/3	2019/3	2020/3
Revenue	95,532	87,638	85,967	99,659	107,023
Change %	-3.3%	-8.3%	-1.9%	15.9%	7.4%
Operating Profit	5,897	4,234	4,912	11,246	17,413
Change %	-45.8%	-28.2%	16.0%	128.9%	54.8%
as % of Revenue	6.2%	4.8%	5.7%	11.3%	16.3%
Profit before Taxes	5,434	3,628	4,602	11,362	17,181
Change %	-53.1%	-33.2%	26.8%	146.9%	51.2%
as % of Revenue	5.7%	4.1%	5.4%	11.4%	16.1%
Profit	3,767	2,734	2,898	8,991	13,397
Change %	-52.2%	-27.4%	6.0%	210.2%	49.0%
as % of Revenue	3.9%	3.1%	3.4%	9.0%	12.5%
Basic Earnings Per Share	¥27.38	¥19.65	¥20.97	¥65.20	¥97.20

Revenue Operating Profit

	2016/3	2017/3	2018/3	2019/3	2020/3
Orders	94,589	88,934	88,542	100,819	107,709
Change %	-6.4%	-6.0%	-0.4%	13.9%	6.8%
Cash Flow from Operating Activities	10,195	9,246	7,946	12,247	14,721
Change %	34.5%	-9.3%	-14.1%	54.1%	20.2%
Free Cash Flow	1,153	5,581	4,014	11,631	11,035
Change %	-24.8%	384.0%	-28.1%	189.7%	-5.1%

Orders Free Cash Flow

	2016/3	2017/3	2018/3	2019/3	2020/3
*Capital Expenditures^1**	5,399	2,588	3,430	2,436	4,518
Change %	-43.8%	-52.1%	32.5%	-29.0%	85.5%
*Depreciation^2**	3,736	3,935	3,964	4,031	4,732
Change %	17.3%	5.3%	0.7%	1.7%	17.4%
*R&D Expenses^3**	13,089	11,212	10,556	12,008	13,321
Change %	-2.1%	-14.3%	-5.9%	13.8%	10.9%
as % of Revenue	13.7%	12.8%	12.3%	12.0%	12.4%
Number of Employees	3,846	3,788	3,717	3,778	3,881

(*1) Capitalized development cost booked as intangible asset for the fiscal year is not included.
(*2) Amortization of capitalized development cost is not included.
(*3) R&D expenses are amounts of R&D investment including capitalized development cost. Thus, these amounts do not agree the R&D expense booked on the consolidated statement of profit or loss and other comprehensive income.

2-1. Segment Information (Revenue by Segment, Operating Profit by Segment)

1) Revenue by Segment

(Millions of yen)

	2016/3	2017/3	2018/3	2019/3	2020/3
Test and Measurement	67,729	59,333	54,433	68,168	75,165
Change %	-7.8%	-12.4%	-8.3%	25.2%	10.3%
PQA	18,891	19,588	22,549	23,074	22,575
Change %	16.6%	3.7%	15.1%	2.3%	-2.2%
Others	8,910	8,716	8,984	8,416	9,282
Change %	-3.1%	-2.2%	3.1%	-6.3%	10.3%
Total	95,532	87,638	85,967	99,659	107,023
Change %	-3.3%	-8.3%	-1.9%	15.9%	7.4%

(*) The name "PQA" has been changed from "Industrial Automation" since April 1, 2015 and it is also restated for the past fiscal years. The Information and Communications segment has been included in "Others" since April 1, 2012. Numbers for FY2011 have also been retrospectively presented in "Others".

Revenue by Segment

2) Operating Profit by Segment

(Millions of yen)

	2016/3	2017/3	2018/3	2019/3	2020/3
Test and Measurement	4,706	2,130	2,147	9,413	15,148
Change %	-47.4%	-54.7%	0.8%	338.3%	60.9%
PQA	1,194	1,302	1,969	1,609	1,287
Change %	45.0%	9.0%	51.2%	-18.3%	-20.0%
Others	575	992	1,458	1,145	1,900
Change %	-70.7%	72.5%	47.0%	-21.5%	65.9%
Adjustment	-578	-190	-663	-921	-921
Change %	-	-	-	-	-
Total	5,897	4,234	4,912	11,246	17,413
Change %	-45.8%	-28.2%	16.0%	128.9%	54.8%

2-2. Segment Information (Revenue by Markets)

(Millions of yen)

	2016/3	2017/3	2018/3	2019/3	2020/3
Japan	28,565	29,338	29,753	32,183	36,293
Change %	5.3%	2.7%	1.4%	8.2%	12.8%
Overseas	66,966	58,299	56,213	67,475	70,729
Change %	-6.6%	-12.9%	-3.6%	20.0%	4.8%
Americas	23,246	19,633	17,419	26,429	20,773
Change %	-4.6%	-15.5%	-11.3%	51.7%	-21.4%
EMEA	13,537	12,520	12,781	12,170	10,693
Change %	-14.8%	-7.5%	2.1%	-4.8%	-12.1%
Asia and others	30,182	26,145	26,012	28,876	39,262
Change %	-4.1%	-13.4%	-0.5%	11.0%	36.0%
Total	95,532	87,638	85,967	99,659	107,023
Change %	-3.3%	-8.3%	-1.9%	15.9%	7.4%

(*) EMEA: Europe, Middle East and Africa

Revenue by Markets

3. Financial positions, Key Financial Indicators

	2016/3	2017/3	2018/3	2019/3	2020/3
Total assets	124,624	125,054	121,190	130,467	138,873
Total equity	75,862	76,485	78,313	85,678	94,331
Equity attributable to owners of parent to total assets ratio	60.8	61.1	64.6	65.6	67.8
Interest-bearing Liabilities	22,159	22,228	16,165	16,435	14,594
Interest-bearing Liabilities Ratio (％)	17.8%	17.8%	13.3%	12.6%	10.5%

Total Equity Interest-bearing Liabilities

	2016/3	2017/3	2018/3	2019/3	2020/3
ROE (%)^*1	4.9	3.5	3.7	10.9	14.9
ROA (%)^*2	3.0%	2.2%	2.4%	7.1%	9.9%
Interest Coverage Ratio: Times^*3	52.0	68.4	72.6	124.2	143.3
Dividend Payout Ratio^*4	87.7	76.3	71.5	33.7	31.9
Dividends on Equity^*5	4.3	2.7	2.7	3.7	4.7
Debt to Equity Ratio: Times^*6	0.29	0.29	0.21	0.19	0.15
Net Debt to Equity Ratio: Times^*7	-0.20	-0.23	-0.25	-0.33	-0.35

(*1) ROE: Profit attributable to owners of parent/Equity attributable to owners of parent
(*2) ROA: Profit attributable to owners of parent/Total Assets
(*3) Interest Coverage Ratio: Operating Cash flows/Interest Expense
(*4) Dividend Payout Ratio: Total Cash Dividends/Profit attributable to owners of parent
(*5) Dividends on Equity: Total Cash Dividends/Equity attributable to owners of parent to total assets ratio
(*6) Debt-to-Equity Ratio: Interest-bearing Debt/Equity attributable to owners of parent
(*7) Net Debt-to-Equity Ratio: (Interest-bearing Debt - Cash and Cash Equivalents)/Equity attributable to owners of parent

Total Equity Total Assets

Financial Information