Anritsu - Company History

Updated: Author:

Financial history 1946–2026 — revenue, cost structure, balance sheet, cash flow and key ratios, year by year →

Founded 1895
Founder Ishiguro Keizaburo (石黒慶三郎)
Founding location 東京都中央区
Core business at founding Manufacture of wire and radio telecommunications equipment
Listed 1961
CEO Hamada Koichi CEO since 2018 (age 62, as of 2026)
Current priority New businesses · Capital efficiency Opening the new fields of 6G and data centres, and $1.3B (¥200bn) of revenue by 2030
Founding
Sekisugisha, started in 1895 by Ishiguro Keizaburo (石黒慶三郎), and Annaka Electric Works, founded in 1900 by Annaka Tsunejiro (安中常次郎), are the two sources of Anritsu. The first made wire telecommunications equipment and the second radio equipment, and the picket ship Shinano Maru, carrying an Annaka-built Type 36 wireless telegraph set, sent the signal that the enemy fleet had been sighted at the Battle of Tsushima in 1905. In March 1931 the former, by then Kyoritsu Electric, merged with Annaka Electric Works, and Anritsu Electric began at Fujimicho, Azabu, in Tokyo with capital of ¥500,000. The name took one character each from An(naka) and (Kyo)ritsu. In October 1950 the company set up a second company under the Enterprise Reconstruction and Reorganisation Law, in October 1961 it listed on the second section of the Tokyo Stock Exchange, and in October 1985 it changed its corporate name to Anritsu.
The Decision
A company that earned its money from government demand at home paid one overseas firm a sum out of all proportion to those earnings. By 1957 business with the Nippon Telegraph and Telephone Public Corporation was about 40 per cent of sales, and in 1959 a First Sales Section dedicated to the public corporation hardened that dependence into organisational form. In February 1990 Anritsu put up $179.5M (¥26bn) — more than four times its net profit of some $41.4M (¥6bn) at the time — to acquire Wiltron Company of the United States. Microwave and high-frequency measurement technology in North America, a brand and a sales network came with it in one stroke. Meshing the Japanese and the overseas operations took more than a decade, but that foothold moved the company into a business where demand arises afresh with every change of generation, from 2G through to 5G.
Today
For some thirty years consolidated revenue has not moved far from $632.3M (¥100bn). In the year to March 2026 revenue was $742.9M (¥118bn), operating profit $93.6M (¥15bn) and net profit $74M (¥12bn). By segment, Test and Measurement had revenue of $434.4M (¥69bn) and profit of $67.7M (¥11bn), PQA revenue of $196M (¥31bn) and profit of $20.9M (¥3bn), and Environmental Measurement revenue of $67.7M (¥11bn) and profit of $5.1M (¥800m). The purchase of Takasago, an NEC subsidiary, in January 2022 brought in battery-evaluation testing technology, and from the year to March 2024 the company has reported on these three divisions. GLP2026, the medium-term plan announced in April 2024, puts return on equity at the centre of its measures of corporate value and sets a revenue target of $1.3B (¥200bn) for the 2030 financial year. Test and Measurement, which produces more than seven-tenths of operating profit, is also the business that has held revenue at that same $632.3M (¥100bn) mark.
Competition
Development test for 5G smartphones is divided between Anritsu and Keysight of the United States. In 2003, at the bottom of the telecom bubble's collapse, when revenue halved to $677.2M (¥79bn) and the company posted a net loss of $282.1M (¥33bn), President Shiomi Akira (塩見昭) narrowed the fields the company would keep and invested in handset test instruments for 3G ahead of the market opening. Repeating that cycle of sowing and reaping with each change of generation left Anritsu and Keysight Technologies holding most of the development market for 5G smartphones and part of the market for optical devices. Demand still rises and falls with the waves of telecom investment: revenue fell to $877.4M (¥96bn) in the year to March 2016 and $781M (¥88bn) in the year to March 2017. The early investment that built a position shared between two firms left in place, at the same time, the structure by which revenue rises and falls on that same wave.

Timeline

1895–1984The Annaka and Kyoritsu lineages, and 130 years before Anritsu

  1. 1895Ishiguro Keizaburo founds Sekisugisha, a pioneer in wire telecommunications equipment
  2. 1900Annaka Tsunejiro founds Annaka Electric Works, the progenitor of radio equipment manufacture in Japan
  3. 1905The Shinano Maru sends the Enemy fleet in sight signal on an Annaka Type 36 wireless set
  4. 1914The TYK wireless telephone, the world's first practical set, is put into service
  5. 1931Anritsu Electric established by the merger of Annaka Electric Works and Kyoritsu Electric
  6. 1933Japan's first television broadcast transmitter built and delivered to Hamamatsu Technical College
  7. 1939AC-bias magnetic recorder developed; Japan's first automatic payphone follows
  8. 1950VHF field-strength meter completed and designated a national standard instrument; second company established under the reconstruction law
  9. 1952The telecommunications test and measurement business is established
  10. 1961Atsugi works opened in April; shares listed on the TSE second section in October
  11. 1963Jitter meter developed to measure the signal quality of PCM transmission
  12. 1964The Auto Checker weight sorter developed
  13. 1968Work begins on the semiconductor laser, the key part in optical communications; moved to the TSE first section in August
  14. 19772Gbps high-speed bit-error-rate tester completed
  15. 1979New head office building completed at Hiroo; manufacturing concentrated at Atsugi the year before
  16. 1981World's first optical time-domain reflectometer (OTDR); metal detector using magnetic sensing

1985–2017A global-leader strategy in telecom test, and the concentration of weight on mobile measurement

  1. 1985Corporate name changed from Anritsu Electric to Anritsu; Tohoku Anritsu established at Koriyama
  2. 1990Wiltron Company of the United States acquired, today Anritsu Company
  3. 2000Executive officer system introduced to speed up decision-making
  4. 2002Industrial machinery business split off to Anritsu Industrial Solutions
  5. 2003Head office moved to Atsugi; device business split off; investment ahead of the market in mobile test begins in earnest
  6. 2005NetTest A/S of Denmark acquired, adding a European base in optical measurement
  7. 2006Anritsu EMEA established in the UK; information and communications business split off
  8. 2009Koriyama works opened
  9. 2013Second Koriyama works brought into operation
  10. 2015Global headquarters building completed inside the Atsugi head office grounds
  11. 2016FY15 consolidated revenue $877.4M (¥96bn), net profit $34.9M (¥4bn)
  12. 2017GLP2017 makes accelerated R&D for LTE-Advanced and 5G explicit policy

2018–2025President Hamada Koichi opens new fields, and the plan for ¥200bn of revenue by 2030

  1. 2018Hamada Koichi becomes president in April; GLP2020 sets out three pillars of structural reform
  2. 2019Hamada also takes on the group CEO role; a corporate planning office is set up under the president
  3. 2020Three group companies absorbed into the parent in April; FY19 revenue $1.0B (¥107bn), operating profit $163M (¥17bn) as 5G demand rises
  4. 2021The Advancing beyond brand statement announced
  5. 2022Takasago acquired in January; the company moves to the Prime Market in April
  6. 2023GLP2023 names four new fields: local 5G, industrial DX, 6G and data centres
  7. 2024Environmental measurement becomes a reporting segment; GLP2026 announced on 25 April
  8. 2025Environmental measurement revenue reaches $56.8M (¥9bn) in FY24
  9. 2026FY26 revenue $742.9M (¥118bn), operating profit $93.6M (¥15bn); a $63.2M (¥10bn) buy-back announced

Founding Story

1895–1984The Annaka and Kyoritsu lineages, and 130 years before Anritsu

Two makers of telecommunications equipment for government customers — one in radio, one in wire — were merged in 1931 to form Anritsu Electric, and for the next half-century the company supplied the sets on which Japan's telegraph, telephone and broadcasting networks ran. The test benches it had kept in-house to prove that equipment against specification grew, quietly, into the business that would outlive it: standalone revenue rose from $5.3M (¥2bn) in the year of listing to $269.9M (¥64bn) by 1984, by which time measurement, rather than communications equipment, was becoming the centre of gravity.

Anritsu Electric, born of the wartime consolidation of two telecommunications makers

In March 1931 Anritsu Electric Co., Ltd. was established with capital of ¥500,000 through the merger of Annaka Electric Works Ltd. and Kyoritsu Electric Co., Ltd.[1] Annaka Electric Works, founded in 1900 by Annaka Tsunejiro (安中常次郎), was the progenitor of radio equipment manufacture in Japan; it had widened its output from wireless sets to transformers, capacitors and vacuum tubes, and belonged to the line of domestic makers that carried the growth of the telegraph and telephone business[2]. Kyoritsu Electric traced its own line to Sekisugisha, the pioneering maker of wire telecommunications equipment that Ishiguro Keizaburo (石黒慶三郎) started in 1895; after a merger with Abe Electric Wire Works it developed into a manufacturer of wire telecommunications equipment — telephones, instruments and cable[3]. Each firm had some thirty years behind it when the two were brought together, in one of the consolidations of the telecommunications equipment industry in interwar Japan. The name Anritsu was coined by taking one character each from An(naka) and (Kyo)ritsu. At incorporation the head office stood at Fujimicho, Azabu, Tokyo[4], and the business was the manufacture and sale of radio and wire telecommunications equipment and measuring instruments.

The technical stock the two parents brought with them reached back into prewar radio development. Annaka Electric Works was designated a supplier to the Navy Ministry in 1905[5], and the picket ship Shinano Maru, carrying the company's Type 36 wireless telegraph set, sent the historic signal Enemy fleet in sight at the opening of the Battle of Tsushima in May 1905[6]. Incorporated as a joint-stock company in 1917, Annaka Electric began making vacuum tubes[7], and became known for installing a domestically built 500W broadcast transmitter at the Atagoyama transmitting station of the Tokyo Central Broadcasting Station, and for fitting vacuum-tube radio transmitters to Nippon Yusen's Asama Maru, Tatsuta Maru and Terukuni Maru[8]. After Anritsu Electric was launched in 1931 it built Japan's first television broadcast transmitter, in 1933, and delivered it to Hamamatsu Technical College (today the Faculty of Engineering of Shizuoka University)[9]; at the end of 1939 it developed the first automatic payphone made in Japan[10]. As the war deepened, production of military radio ordnance grew, and by the surrender the payroll had reached some 9,000[11].

In October 1950 Anritsu Electric set up a second company under the Enterprise Reconstruction and Reorganisation Law[12]. It was one of the firms that, in the course of the dissolution of the zaibatsu and the corporate rebuilding carried out under the Allied occupation, liquidated the old legal entity and began again as a new one — a reconstruction that carried with it the shedding of wartime dependence on military demand and a conversion to civilian markets. Riding the network expansion of the first five-year plan of the Nippon Telegraph and Telephone Public Corporation, which began in 1953, Anritsu Electric supplied payphones, carrier transmission equipment and line test sets, and by 1957, when the first plan ended, business with the public corporation accounted for about 40 per cent of total company sales[13]. In 1959 it created a First Sales Section as a market-specific organisation dedicated to the public corporation[14], hardening its reliance on government demand into organisational form as well. In April 1961 it opened a new works at Atsugi in Kanagawa Prefecture, and that October listed its shares on the second section of the Tokyo Stock Exchange[15]. In August 1968 it was reassigned to the first section[16], winning the capital market's endorsement during the postwar expansion of communications infrastructure.

The turn to measurement, and the 1985 renaming to Anritsu

Through the 1970s Anritsu Electric ran its business as a manufacturer producing on two pillars, communications equipment and measuring instruments, but a structural shift was under way in which the weight of measurement steadily grew. In May 1978 it moved the radio equipment manufacturing divisions from Gotanda in Tokyo to the Atsugi works, completing the concentration of manufacturing at Atsugi[17]. In June 1979 it finished a new head office building on the site of a former company dormitory in front of Hiroo underground station, and moved its head office and sales divisions there[18]. The division of labour — production at Atsugi, head office and sales in central Tokyo at Hiroo — became the company's geographical shape for the next thirty-odd years.

In March 1985 it established a production subsidiary, Tohoku Anritsu Co., Ltd., at Koriyama in Fukushima Prefecture[19], and on 1 October the same year changed its corporate name to Anritsu Corporation[20]. The change rewrote 安立 in katakana as アンリツ, and marked a turning point that carried with it a redefinition of the brand as a company whose main business was measuring instruments. Hashimoto Hirokazu (橋本裕一), the sixth president, said years later that what lay behind a history of more than 120 years was having remained an entity that society needed, and identified three sources of the strength to break through crises: being advanced, being adaptable, being dependable. The half-century and more from the founding of Anritsu Electric in 1931 to the renaming in 1985 was the history of a process by which the accumulation of core technologies in measurement became the company's centre.

Read the full history in Japanese →


Notes

  1. Anritsu, securities report for the 99th term (FYE March 2025), corporate history section
  2. 安立電気五十年史 (Fifty Years of Anritsu Electric, Anritsu Electric, 1982)
  3. 安立電気五十年史 (Fifty Years of Anritsu Electric, Anritsu Electric, 1982)
  4. 安立電気五十年史 (Fifty Years of Anritsu Electric, Anritsu Electric, 1982)
  5. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji, Keizai Shunju-sha, 1968)
  6. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji, Keizai Shunju-sha, 1968)
  7. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji, Keizai Shunju-sha, 1968)
  8. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji, Keizai Shunju-sha, 1968)
  9. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji, Keizai Shunju-sha, 1968)
  10. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji, Keizai Shunju-sha, 1968)
  11. 企業の歴史 : 明治百年 (Corporate Histories: A Century of Meiji, Keizai Shunju-sha, 1968)
  12. Anritsu, securities report for the 99th term (FYE March 2025), corporate history section
  13. 安立電気五十年史 (Fifty Years of Anritsu Electric, Anritsu Electric, 1982)
  14. 安立電気五十年史 (Fifty Years of Anritsu Electric, Anritsu Electric, 1982)
  15. Anritsu, securities report for the 99th term (FYE March 2025), corporate history section
  16. Anritsu, securities report for the 99th term (FYE March 2025), corporate history section
  17. Anritsu, securities report for the 99th term (FYE March 2025), corporate history section
  18. Anritsu, securities report for the 99th term (FYE March 2025), corporate history section
  19. Anritsu, securities report for the 99th term (FYE March 2025), corporate history section
  20. Anritsu, securities report for the 99th term (FYE March 2025), corporate history section

References & sources

  1. Fifty Years of Anritsu Electric, Anritsu Electric, October 1982.
  2. Corporate Histories: A Century of Meiji, Keizai Shunju-sha (1968), the Anritsu Electric entry.

Yen amounts are converted at the average rate of each figure’s own year — not today’s rate; revenue charts are shown in yen. Exchange rates & sources — the full ¥/US$ table →


Data API

Anritsu’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/6754/company.json ·/api/6754/history.json ·/api/6754/ceo.json ·/api/6754/financials.json ·/api/6754/financials/segment.json ·/api/6754/financials/pl.json ·/api/6754/financials/cf.json ·/api/6754/financials/bs.json ·/api/6754/financials/employee.json ·/api/6754/financials/stock.json ·/api/6754/financials.csv ·/api/6754/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json