Ulvac, Inc. · TSE:6728
Ulvac — FY2026/6 Earnings Presentation
42 slides from Ulvac's earnings presentation, Aug 14, 2026
Slide 1: FY2026/6 Business Results
FY2026/6 Business Results Consolidated Financial Results and Earnings Forecast Progress of Mid- to Long-Term Management Plan ULVAC, Inc. Aug.14 2026 Copyright© 2026, 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 1. FY2026/6 Financial Results Overview • Orders received: Achieved a record high of ¥324.2 billion, driven by Semiconductor, Display, and Rare earth-related businesses. • Net sales and Operating profit: Exceeded previous forecast, but resulted in higher sales and lower profit YoY due to the
Slide 4: FY2026/6 Financial Results Overview
1 FY2026/6 Financial Results Overview Copyright© 2026, ULVAC, Inc. All rights reserved 4
Slide 5: Financial Results Overview
Financial Results Overview • Orders received: Achieved a record high of ¥324.2 billion, a significant increase of ¥98.7 billion YoY. • Net sales: Landed roughly in line with previous forecasts, an increase in sales of ¥17.9 billion YoY. • Each profit item: Landed roughly in line with previous foreca
Slide 6: Orders Received and Net Sales Results
Orders Received and Net Sales Results • Orders received: Achieved a record high, with significant YoY increases in Semiconductor, Display and General industries including the Rare earth-related businesses. • Net sales: Landed roughly in line with previous forecast. Orders Received Net Sales Semicond
Slide 7: Profit Margin Trends
Profit Margin Trends • Gross profit margin: Decreased by 2.9 pt YoY, due to the recognition of EV-related expenses, mix changes from an increase in display-related businesses, etc. • Operating profit margin: Decreased by 3.3 pt YoY due to an increase in SG&A expenses driven by one-time factors, high
Slide 8: Balance Sheet
Balance Sheet Assets Liabilities and Net Assets (Unit: ¥1 billion) (Unit: ¥1 billion) ※Contract Liabilities ¥39.9 billion 414.0 414.0 375.1 375.1 39.2 Cash on hand and in banks 105.0 Note and accounts 38.9 44.2 payable,trade 99.0 Notes and accounts receivable,trade 42.1 Interest-bearing debt 73.9 In
Slide 9: FY2027/6 Financial Forecast
2 FY2027/6 Financial Forecast Copyright© 2026, ULVAC, Inc. All rights reserved 9
Slide 10: Financial Forecast
Financial Forecast • Orders received and Net sales: The semiconductor business continues at a high level, despite factoring in a drop-off due to business reforms and a reactionary decline in Display-related business. • Each profit item: Due to the contribution of highly profitable projects, the Gros
Slide 11: Orders Received and Net Sales Plan
Orders Received and Net Sales Plan • Orders received: Overall orders decreased due to a drop-off from business reforms and a reactionary decline in display- related business, but the semiconductor and electronics business continues at a high level. • Net sales: While a drop-off from business reforms
Slide 12: Operating Profit WF
Operating Profit WF • Laying the groundwork for solid growth: The partial drop-off in operating profit due to business divestitures is offset by 1)The fading impact of one-time factors, 2)Profit contributions from highly profitable Semiconductor・Electronics and Rare earth-related businesses, and 3)t
Slide 13: Profit Margin Plan
Profit Margin Plan • Gross profit margin: Significantly improved to 33.7% (+4.9 pt YoY), driven by Semiconductor and Rare earth- related businesses. Steadily taking steps toward realizing the Value-up Plan. • Operating profit margin: 11.0% (+3.7 pt YoY) due to the improvement in the Gross profit mar
Slide 14: Progress of the Value-up Plan
3 Progress of the Value-up Plan Copyright© 2026, ULVAC, Inc. All rights reserved 14
Slide 15: Review of the First Year of the Value-up Plan
Review of the First Year of the Value-up Plan Changes in the external environment since To realize the Value-up Plan formulation of Value-up Plan (Aug. 2025) Leveraging proven execution capabilities and a solid While Physical AI market growth is expected, track record in AI・Data center-related busin
Slide 16: From Comprehensive review and transformation in FY2027/6 to Realizing growth in FY2028/6
From "Comprehensive review and transformation" in FY2027/6 to "Realizing growth" in FY2028/6 and onward • A crucial year to establish a foundation for rapid growth in FY2028/6 and onward, by comprehensively reviewing past initiatives in response to changes in the business environment and decisively
Slide 17: Toward reliable execution under new management for full-scale growth
Toward reliable "execution" under new management for full-scale growth in the next fiscal year (FY2028/6) Comprehensive review and Realization of Target Preparation Phase (FY2026/6) transformation(FY2027/6) growth(FY2028/6) achievement(FY2031/6) Shift in growth drivers and Execute performance recove
Slide 18: Growth Strategy: Define the AI・Data center market as a strategic theme
Growth Strategy: Define the AI・Data center market as a strategic theme • Position the rapid expansion of the AI・Data center market as a growth opportunity and focus on advancing business development. AI Data Server Investment Trends Global investment is concentrated in AI・Data centers 【Unit: Billion
Slide 19: Growth Strategy: Capturing Key AI・Data Center Areas in All Directions
Growth Strategy: Capturing Key AI・Data Center Areas in All Directions • Possessing a rich business track record and solid execution capabilities in the key areas of AI・Data centers, we will maximize these overwhelming strengths to capture the market in all directions and achieve strategic, robust gr
Slide 20: Growth Strategy: Core Growth Engines
Growth Strategy: Core Growth Engines • In addition to Semiconductors (logic/memory) and Advanced packaging, Rare earth magnet-related business will also become a growth engine, strongly driving the growth of AI・Data center businesses. Semiconductor Semiconductor Infrastructure Manufacturing Manufact
Slide 21: Growth Strategy: Omnidirectional acquisition through high-market-share products × comprehensive lineup
Growth Strategy: Omnidirectional acquisition through high-market-share products × comprehensive lineup • Possessing a rare and extensive product lineup, including top-market-share products, to deliver “end-to-end” value to customers in the quality-driven AI・Data center market. Top-market-share Semic
Slide 22: Growth Strategy: Semiconductors (Logic / Memory)
Growth Strategy: Semiconductors (Logic / Memory) • With increasing transistor density, the application of hard mask films is expanding, and the number of wiring processes is increasing. • The importance of the core technology "PVD," which is essential for both processes, is growing. Aim for sustaina
Slide 23: Growth Strategy: Advanced Packaging
Growth Strategy: Advanced Packaging • Application processes for our equipment are expanding alongside the sophistication of "advanced packaging technology," which determines the performance of next-generation semiconductors. • Integrate our elemental technologies in both the semiconductor and electr
Slide 24: Semiconductor and Electronics: Growth Trajectory toward Orders received exceeding ¥200 billion
Semiconductor and Electronics: Growth Trajectory toward Orders received exceeding ¥200 billion • In the semiconductor and electronics field, application processes for our equipment are expanding against the backdrop of market expansion related to AI and data centers. 〈Core products〉 • The rising com
Slide 25: Growth Strategy: Rare Earth Magnet-Related Business
Growth Strategy: Rare Earth Magnet-Related Business • Rapid growth of the essential rare earth magnet market, driven by explosively expanding AI・Data center demand. Reliably capturing the massive global demand for neodymium magnets—projected to surge to "approximately 3× current levels by 2040"—and
Slide 26: Trends in Orders Received for Vacuum Furnaces (Rare Earth Magnet-Related)
Trends in Orders Received for Vacuum Furnaces (Rare Earth Magnet-Related) • Steady accumulation of high-margin projects and reliable realization of improved profitability, driven by the strong tailwind of expanding investments associated with supply chain diversification Trends in Vacuum Furnace Ord
Slide 27: Business Reforms
Business Reforms • While business divestitures and production sites restructuring have made steady progress, the impact on improving profitability has been limited. Under the new management structure, we will review head office functions, the fixed cost structure, and business portfolio reforms to a
Slide 28: Overall optimization through Production reforms + Reorganization of production and logistics bases
Overall optimization through Production reforms + Reorganization of production and logistics bases • Fundamentally review the entire production system to achieve early resolution of parts/materials supply and production constraints and promote the maximization of sales and profits as the highest pri
Slide 29: Realization of reforms / Profitability expansion driven by increased business for AI・Data centers
Realization of reforms / Profitability expansion driven by increased business for AI・Data centers Toward FY2028/6 Toward FY2031/6 Steadily link order expansion to increases in sales and profit Realization of mid- to long-term management plan targets Net Sales： Over ¥260.0billion FY31/6 Net Sales：￥36
Slide 30: Capital Allocation
Capital Allocation • In order to maximize profit opportunities in the AI・Data center areas, we will execute growth investments that outpace market growth as well as production-related investments. Furthermore, keeping agile additional investments in scope, we will ensure this leads to solid profit g
Slide 31: To securely capture the growth of the AI・Data center markets
To securely capture the growth of the AI・Data center markets, we will complete the “comprehensive review and transformation” driven by the new management structure and fully transition to the “profit expansion phase” Copyright© 2026, ULVAC, Inc. All rights reserved 31
Slide 32: Appendix
Appendix Copyright© 2026, ULVAC, Inc. All rights reserved 32
Slide 33: Business results (Quarterly)
Business results (Quarterly) FY2025/6 FY2026/6 (Unit: ¥1 billion) Q1 Q2 Q3 Q4 Full Year Q1 Q2 Q3 Q4 Full Year YoY Orders Received 50.9 65.5 47.5 61.7 225.6 60.4 76.7 99.1 88.0 324.2 +98.7 +44% Net Sales 61.0 73.9 52.9 63.5 251.2 52.7 71.2 67.7 77.5 269.1 +17.9 +7% Gross Profit 19.1 23.8 17.6 19.3 79
Slide 34: Orders Received & Net Sales (Quarterly)
Orders Received & Net Sales (Quarterly) Orders Received Net Sales Semiconductor and Electronic Device Semiconductor and Electronic Device Industrial Equipment Materials Industrial Equipment Materials Production Equipment Production Equipment Display and Energy-Related Production Components Other Dis
Slide 35: Profit Margin (Quarterly)
Profit Margin (Quarterly) (Unit: ¥1 billion, %) Gross Profit Margin Operating Profit Margin SG&A Expenses Net Sales Gross Profit Gross Profit Margin Net Sales Operating Profit Operating Profit Margin SG&A Expenses R&D Expenses included in SG&A Expenses 33.8% SG&A Expenses to Net sales ratio 33.3% 32
Slide 36: Net Sales by Region (Actual)
Net Sales by Region (Actual) Net Sales Net Sales Ratio Japan China Korea Taiwan Other Asia Europe,others Japan China Korea Taiwan Other Asia Europe,others (Unit: ¥1 billion) 269.1 261.1 4% 5% 251.2 2% 9% 8% 7% 17.6 3% 241.3 24.2 6.6 2% 3% 227.5 21.2 12% 4% 9.5 10% 12% 4.7 10.3 5.8 31.4 11% 8% 12.0 2
Slide 37: Capital Investment and R&D Expenses
Capital Investment and R&D Expenses Capital Expenditures R&D Expenses* Building and production facilities,etc. (Unit: ¥1 billion) (Unit: ¥1 billion) R&D facilities Depreciation 21.5 19.7 14.6 18.0 13.8 14.0 13.3 15.7 10.3 11.9 16.5 10.4 11.0 8.8 7 11 11.0 8.6 9.2 7.8 8.2 6.9 7.6 4 5.1 FY22/6 FY23/6
Slide 38: Breakdown by Application（FY26/6 Actual・FY27/6 Plan）
Breakdown by Application（FY26/6 Actual・FY27/6 Plan） Orders Received FY26/6 FY27/6 (Unit: ¥1 billion) Q1 Q2 Q3 Q4 Full Year Plan Semiconductors and 18.0 28.7 41.5 25.1 113.3 115.5 Electronics ・Memory less than 20% about 20% more than 30% about 40% less than 30% more than 30% ・Logic more than 30% mid-
Slide 39: Breakdown by Application（FY26/6 Actual・FY27/6 Plan）
Breakdown by Application（FY26/6 Actual・FY27/6 Plan） Net Sales FY26/6 FY27/6 (Unit: ¥1 billion) Q1 Q2 Q3 Q4 Full Year Plan Semiconductors and 16.2 21.3 25.6 25.3 88.3 107.0 Electronics ・Memory less than 30% more than 20% less than 20% mid-10% less than 20% mid-20% ・Logic less than 20% about 30% less
Slide 40: Operating profit margin ranking（FY26/6 4Q・Full Year）
Operating profit margin ranking（FY26/6 4Q・Full Year） Semiconductor business only: 3rd Rank Q1 Q2 Q3 Q4 Full Year 1 Components Industries Industries Industries Industries Display and Energy- 2 Industries Components Others Components Related Display and Energy- Display and Energy- 3 Components Compone
Slide 41: 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 42: Copyright© 2026, ULVAC, Inc. All rights reserved
Copyright© 2026, ULVAC, Inc. All rights reserved 42