Slide 1: The Third Quarter of FY2025/6 Business Results
ULVAC, Inc. The Third Quarter of FY2025/6 Business Results July 2024 - March 2025 May 13, 2025 Copyright© 2025, ULVAC, Inc. All rights reserved 1
Slide 2: Disclaimer regarding forward-looking statements etc.
Disclaimer regarding forward-looking statements etc. Forward-looking statements Forward-looking statements of the company in this presentation are based on information that was available at the time these documents were prepared. There are several factors that directly or indirectly impact the compa
Slide 3: Summary
Summary Q3 FY2025/6 Despite a decline in Net sales and profit items due to changes in the external Business environment, the Gross profit margin improved steadily to 33.3% in Q3, and increased Progress YoY by 1.2 pt in Q3 YTD. Downward Revised full-year performance forecast downward due to a decreas
Slide 4: Q3 FY25/6 Consolidated Financial Results
Q3 FY25/6 Consolidated Financial Results Copyright© 2025, ULVAC, Inc. All rights reserved 4
Slide 5: FY25/6 Q3 Financial Highlights
FY25/6 Q3 Financial Highlights FY2024/6 FY2025/6 (Unit: ¥1 billion) Q1 Q2 Q3 9 months Q4 Full Year Q1 Q2 Q3 9 months YoY Orders Received 78.0 56.1 55.6 189.7 68.5 258.2 50.9 65.5 47.5 163.9 -25.8 -14% Net Sales 55.0 65.2 65.0 185.2 75.9 261.1 61.0 73.9 52.9 187.7 +2.5 +1% Gross Profit 15.3 20.1 22.0
Slide 6: Quarterly Trends
Quarterly Trends Orders Received (Unit: ¥1 billion) Net Sales (Unit: ¥1 billion) Semiconductors & Electronics Component Material Semiconductors & Electronics Component Material Device Production Equipment Device Production Equipment Display and energy-related Industrial equipment Others Display and
Slide 7: Profit Margin Trends
Profit Margin Trends Gross Profit Margin (Unit: ¥ 1 billion, %) Operating Profit Margin (Unit: ¥ 1 billion, %) S.G.&A. Expenses (Unit: ¥ 1 billion, %) Net Sales Gross Profit Margin Gross Profit Margin Net Sales Operating Profit Operating Profit Margin SG&A Expenses R&D Expenses SG&A Expenses to Net
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Unit: ¥1 billion) Liabilities and Net Assets (Unit: ¥1 billion) 388.9 388.9 ※ Contract Liabilities: 382.6 382.6 ¥26 billion 46.3 43.3 Cash on hand and in banks 96.3 Note and accounts 107.3 payable,trade 46.8 51.8 Notes and accounts receivable,trade Interest-bearing
Slide 9: FY25/6 Earnings Forecast
FY25/6 Earnings Forecast Copyright© 2025, ULVAC, Inc. All rights reserved 9
Slide 10: FY25/6 Revised Full-Year Forecast
FY25/6 Revised Full-Year Forecast FY24/6 FY25/6 Previous Latest Vs. Previous Forecast YoY Actual (Unit: ¥1 billion) Forecast Forecast Amount % Amount % Orders Received 258.2 260.0 230.0 -30.0 -12% -28.2 -11% Net Sales 261.1 275.0 250.0 -25.0 -9% -11.1 -4% Gross Profit 80.7 89.0 80.0 -9.0 -10% -0.7 -
Slide 11: FY25/6 Earnings forecast (Orders received/Net Sales)
FY25/6 Earnings forecast（Orders received/Net Sales） Orders Received (Unit: ¥1 billion) Net Sales (Unit: ¥1 billion) Semiconductors & Electronics Component Material Semiconductors & Electronics Component Material Device Production Equipment Device Production Equipment Display and energy-related Indus
Slide 12: Market Environment and Investment Trends
Market Environment and Investment Trends Item Market Environment / Investment Trends CY25 • DRAM: Recovery driven by smartphone and AI demand, with continued Semiconductors investment in HBM-related projects. Logic & Memory • NAND: Expansion expected due to storage and generative AI-related demand.
Slide 13: New Mid-to-Long-Term Management Plan ~Value-Up Plan~
New Mid-to-Long-Term Management Plan ~Value-Up Plan~ Copyright© 2025, ULVAC, Inc. All rights reserved 13
Slide 14: New Mid-to-Long-Term Management Plan ~Value-Up Plan~
New Mid-to-Long-Term Management Plan ~Value-Up Plan~ » Aiming to achieve high growth and high profitability, we intend to accelerate the shift to a business portfolio centered on semiconductors and electronics, in order to enhance corporate value and improve reputation in the capital markets. A new
Slide 15: Background and for the Mid-to-Long-Term Plan (6 Years)
Background and for the Mid-to-Long-Term Plan (6 Years) To ensure sustainable growth, immediate business reforms are essential. Therefore a six-year mid-to-long- term management plan has been formulated, consisting “Business Reform” “Production Reform” and “Growth Strategy” Boldly implement business
Slide 16: Business Reform: Complete Optimization of Management Resources Within 2 Years
Business Reform »Complete Optimization of Management Resources Within 2 Years through FY27/6 Accelerate selection and concentration through business portfolio review, including FPD-related businesses Contribution to Profitability expected from FY28/6 Scale down or withdraw from low-profitability Bus
Slide 17: Production Reforms through Modular Design
Production Reforms through Modular Design » Increase the proportion of MD*1 equipment mainly for semiconductors and electronics to respond quickly to customer needs and improve profitability. We have been reviewing our production system and have proceeded to build a system for Modular Design, and th
Slide 18: Growth Strategy
Growth Strategy »Strengthen the business portfolio to achieve high growth and high profitability Create new semiconductors and electronics related businesses by leveraging synergies across business Further Growth segment Centered on Semiconductors Accelerating Growth in the semiconductors and and El
Slide 19: Semiconductors and electronics Market Expected to Reach $1 Trillion by 2030
Growth Strategy Semiconductors and electronics Market Expected to Reach $1 Trillion by 2030 » The semiconductors and electronics market is expected to grow to $1 trillion by 2030. Growth of the semiconductors and electronics Market USD Million Towards $1 trillion 1,000,000 Doubling over approx. 10 y
Slide 20: AI-Related Business Expansion (Logic/Memory/Packaging)
AI-Related Business Expansion（Logic/ Memory/ Packaging） Cutting-edge AI Semiconductor Packaging Memory (DRAM/NAND) Business • HBM Processes: Expansion of metal Memory Logic Memory redistribution layers • Wiring Processing: Adoption of MHM (Metal HBM Hard Mask) in DRAM due to miniaturization HBM • Lo
Slide 21: Business Portfolio Strategy Image
Growth Strategy Business Portfolio Strategy Image Bubble Size: Represents net sales / Arrow Direction: Indicates future position / Semiconductors and electronics Future Bubble: Reflects the state as of FY31/6 related business High Business synergies Vacuum related business Semiconductors Profitabili
Slide 22: Transition of Semiconductor & Electronics Composition Ratio
Growth Strategy Transition of Semiconductor & Electronics Composition Ratio » Based on the lean structure achieved through the Value-Up Plan, we will accelerate our focus on semiconductors & electronics and create new semiconductor & electronics-related businesses by leveraging synergies across busi
Slide 23: Semiconductor Growth Scenario
Growth Strategy Semiconductor Growth Scenario DRAM NAND Logic CS(Semiconductors) Specific Growth Strategies • Apply HM (Hard Mask) technology to high-density functional Order Received films. ¥100 billion or more • Establish a top position in HM processes and expand into Cu wiring applications. • Exp
Slide 24: Electronics Growth Scenario
Growth Strategy Electronics Growth Scenario Power Packaging Various Electronics CS(Electronics) Specific Growth Strategies • Expand applications to support GaN mass production in addition Order Received to SiC sputtering and ion implantation. ¥100 billion or more • Capture new processes and benefit
Slide 25: Business Synergies Component Growth Scenario
Business Synergies Component Growth Scenario Pump Power Supply Measurement Others Specific Growth Strategies Orders received* • Launch new products for semiconductors and Approx. electronics, including DC power supplies, RF power ¥44 billion supplies, dry pumps, and cryopumps. Approx. 6% 1.4x • Deve
Slide 26: Mid-Term Financial Targets
Mid-Term Financial Targets KGI FY25/6E FY31/6 Target Net Sales ¥250 billion ¥360 billion （CAGR） （CAGR 12％）*1 Semiconductors and Electronics （CAGR 17％） related business*2 Operating Profit Margin 10.8％ 22％ Semiconductors and Electronics related business*2 13.0％ 25％ Semiconductors and Electronics relat
Slide 27: Topics
Topics New Long-Term Issuer Rating of "A" from JCR Developed next-generation dilution refrigerators in collaboration with IBM to support quantum computing advancements. We have newly obtained a long-term issuer rating of "A" from Japan Superconducting quantum bits (qubits) in quantum computers funct
Slide 28: Semiconductor Glossary
Semiconductor Glossary PVD（Physical Vapor Deposition） POR（Process of Record） A thin-film deposition technology, primarily sputtering for ULVAC. A certified process used in mass production. MHM（Metal Hard Mask） HM（Hard Mask） A mask film used in etching processes for wiring A mask layer formed using P
Slide 29: Copyright© 2025, ULVAC, Inc. All rights reserved
Copyright© 2025, ULVAC, Inc. All rights reserved 29