Ulvac, Inc. · TSE:6728
Ulvac — Q1 FY2025 Earnings Presentation
11 slides from Ulvac's earnings presentation, Nov 11, 2024
Slide 1: The First Quarter of FY2025/6 Business Results
ULVAC ULVAC, Inc. The First Quarter of FY2025/6 Business Results July 2024 - September 2024 November 11, 2024
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 com
Slide 3: Summary
Summary Orders received in the 1Q declined YoY, but Net sales and all profit item significantly exceeded YoY. As for profit margins, Gross profit margin was 31.3% and operating profit margin was 9.4%, a significant improvement YoY. Net sales and profit items in Q1 were generally in line with plans.
Slide 4: Q1 FY25/6 Results
Q1 FY25/6 Results Orders received decreased YoY and QoQ due to the anticipation of large orders (OLEDs) in Q2, but the high level of order backlogs contributed to a significant increase in Net sales and profit. In terms of profit, the Gross profit margin was 31.3%, showing steady improvement both Yo
Slide 5: Orders Received and Net Sales
Orders Received and Net Sales Orders received in the left bar graph decreased vs. YoY to ¥50.9 billion, mainly due to a significant reactionary decline in orders for Power devices and Batteries. Orders received in Q2 and beyond are expected to increase due to full-scale investment in OLEDs and recov
Slide 6: Profit Margin Trend
Profit Margin Trend The Gross profit margin on the left was 31.3%, an improvement of 3.6 percentage points YoY. The profit margin base has been steadily increasing, with the high-margin Semiconductors and Electronics and Components sales composition continuing to exceed more than 50%, and margins ha
Slide 7: Balance Sheet
Balance Sheet Total Assets decreased by ¥21.5 billion from FY24/6 to $367.4 billion. This was mainly due to a decrease of ¥12.9 billion in Notes and accounts receivable- trade as a result of the collection of trade receivables. 7
Slide 8: FY25/6 Forecast
FY25/6 Forecast Orders received remain unchanged from the annual plan due to the full-scale investment in OLEDs, recovery in semiconductor investment, and the activation of the advanced packaging business. Net sales and each profit margin (%) are expected to improve steadily through H2, so we have n
Slide 9: Market environment and investment trends in Q2 and beyond
Market environment and investment trends in Q2 and beyond As for order trends in Q2, we expect orders to increase significantly from Q1 as we plan to receive a large OLEDs project worth approximately ¥10 billion. Although Battery-related investments have been delayed more than initially expected due
Slide 10: Here & There, Near your side
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Slide 11: ULVAC
ULVAC 11