ULVAC (6728) investor relations material

Executive summary

• Orders received reached a record ¥324.2 billion, up 43.7% YoY, driven by semiconductor, display, and rare earth-related businesses, with net sales at ¥269.1 billion (+7.1% YoY); operating profit declined 26.1% YoY due to one-time EV-related expenses.

• Profit attributable to owners increased 2.4% YoY to ¥17.1 billion, while comprehensive income jumped 157.2% to ¥30.0 billion.

• The company is transforming its Value-up Plan, focusing on AI data center-related businesses and business portfolio reforms for future growth.

• FY2027/6 forecast anticipates a drop in orders and sales from business reforms and display sector decline, but expects high levels in semiconductor and electronics, with improved profit margins from high-value projects.

Financial highlights

• Orders received: ¥324.2 billion (+44% YoY), net sales: ¥269.1 billion (+7% YoY), gross profit: ¥77.7 billion (-3% YoY), operating profit: ¥19.6 billion (-26% YoY), profit attributable to owners: ¥17.1 billion (+2% YoY).

• Gross profit margin was 28.9% (-2.9pt YoY), operating profit margin 7.3% (-3.3pt YoY), and basic EPS increased to ¥347.41.

• Total assets grew 10.4% to ¥414.0 billion, net assets rose to ¥249.2 billion, and cash and cash equivalents at year-end were ¥106.5 billion.

• Dividend per share maintained at ¥152.

Outlook and guidance

• FY2027/6 plan: Orders received ¥260.0 billion (-20% YoY), net sales ¥255.0 billion (-5% YoY), gross profit margin 33.7% (+4.9pt YoY), operating profit margin 11.0% (+3.7pt YoY), profit attributable to owners ¥19.0 billion (+11% YoY).

• Dividend forecast for FY2027 is ¥152 per share, unchanged from FY2026.

• Demand expected to expand in advanced semiconductors, electronic devices, and data centers, supported by AI proliferation and government initiatives.

• Shareholder returns to remain stable.