From April 1,2024 to March 31, 2025
May 14, 2025
Copyright(C) 2025 V Technology Co., Ltd. All Right reserved.
YoY： Achieved significant increase in revenue and profit
VS Forecast：
① Net Sales： Mainly due to the extension of photomask equipment, lower than expected (▲818M)
② Operating profit：Improvement in gross profit margin exceeded expectations（＋221M）
(Million JPY)
③ Ordinary profit：Significantly exceeded forecasts due to an increase in operating income and foreign exchange gains. (＋491M/+35.1％)
④ Net profit：Decreased from forecast due to impairment of fixed assets of underperforming businesses (▲200M)
(Million JPY)
FY24/3
Actual
FY25/3 Forecast & Actual
Forecast
Actual
YoY
VS forecast
Net Sales
37,335
47,000
46,182
＋23.7%
▲1.7%
Operating profit
846
1,600
1,821
＋115.3%
＋13.8%
(Margin％)
2.3％
3.4％
3.9％
＋1.6%
＋0.5%
Ordinary profit
1,112
1,400
1,891
＋70.0%
＋35.1%
（Margin％）
3.0％
3.0％
4.1％
＋0.0%
＋1.1%
Net profit attributable to owners of the parent
778
1,000
800
2.8%
▲20.0%
(Margin％)
2.1％
2.1％
1.7％
▲0.4%
▲0.4%
Semiconductor & Photomask equipment business ：Both sales and profits increased slightly compared to the previous quarter.
FPD equipment business ：Capex recovered, resulting in a significant increase in revenue and profit compared to the previous quarter.
Semiconductor & Photomask equipment business (Unit：million JPY)
FY24/3
FY25/3
YoY
Net Sales
14,052
14,905
＋6.1％
Operating profit(▲Loss)
1,234
1,242
＋0.7％
(Margn)
(8.8%)
(8.3%)
(▲0.5％)
FPD equipment business(unit：million JPY)
FY24/3
FY25/3
YoY
Net Sales
22,258
29,809
＋33.9％
Operating profit(▲Loss)
▲25
912
＋937
(Margn)
(－％)
(3.1％)
(－)
16,000
14,000
12,000
10,000
Net sales quartely sales OPM(right axis)
14,052
14,905
50.0%
35,000
30,000
25,000
Net sales OP
OPM(right axis)
22,258
29,809
15.0%
8,000
6,000
4,000
8.8%
6,724
8.3%
0.0%
6,444
20,000
15,000
10,000
-0.1%
11,241
3.1%
0.0%
7,501
2,000
5,000
0
Q1 Q2 Q3 Q4
FY23/3
Q1 Q2 Q3 Q4
FY24/3
Q1 Q2 Q3 Q4
FY25/3
-50.0%
0
Q1 Q2 Q3 Q4
FY23/3
Q1 Q2 Q3 Q4
FY24/3
Q1 Q2 Q3 Q4
FY25/3
-15.0%
Mainly, sales to Chinese customers in the FPD equipment business increased.
（Unit：Million JPY）
FY24/3
FY25/3
46,182
37,335
32,350
23,695
8,995
7,335
2,915
2,969
1,730
3,528
50,000
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
China Taiwan Japan Korea/others Total
Increase in sales led to an increase in "product warranty-related expenses"
Increase in sales, expenses related to the launch of new products, reversal of provisions from the previous period, etc. (+777 M JPY)
FY24/3
FY25/3
10,306
9,758
3,809
3,817
2,746 2,693
2,415
2,197
465
499
1,100
323
10,000
5,000
0
Personel Shiping R&D Product warranty-related
Others Total
（Unit：Million JPY）