Anritsu Corporation revised consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects revenue of JPY 110,000 million, operating profit Of JPY 13,500 million, profit before tax of JPY 14,500 million, and profit attributable to owners of parent of JPY 11,000 million or JPY 82.86 per basic share compared to previous guidance of revenue of JPY 115,000 million, operating profit Of JPY 17,500 million, profit before tax of JPY 19,000 million, and profit attributable to owners of parent of JPY 14,000 million or JPY 105.08 per basic share. Reasons for revision: There are concerns of a decline in the global economy as the result of rising prices, financial tightening policies, rising geopolitical risks, and other factors.

In the T&M business, Group's main business segment, mobile market growth has temporarily slowed due to factors such as delays in investment decision-making by customers as a result of the uncertainty of economic situation produced by the sudden rise of inflation. Due to these conditions, and based on actual results from the third quarter, the company has revised revenue forecast and operating income forecast for the T&M business downwards by JPY 5.0 billion and JPY 4.0 billion respectively.