Note: This is an English translation of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
〔Under Japanese GAAP〕
May 12, 2026
Registered Company Name: V-Technology Co., Ltd.
Code Number: 7717, Tokyo Stock Exchange URL: https://www.vtec.co.jp
Representative: Shigeto Sugimoto (President & CEO)
Contact: Masahiro ONO(Leader of IR Group) TEL: 045-338-1980
Planned Date for the General Meeting of Shareholders: June,25 2026 Planned Date for Submission of the Securities Report: June,24 2026 Planned Date for Commencement of dividend payments: June,26 2026
Supplementary materials for the financial statements: Yes Briefing session on financial results: Yes (for institute investors)
(Amounts less than one million yen have been omitted.)
- Consolidated Financial Results for the Year Ended March 31, 2026 (April 1, 2025 to March 31, 2026)
- Consolidated Results of Operations
Year ended March 31, 2025
Year ended March 31, 2026
Amount
YoY(%)
Amount
YoY(%)
Net sales (Millions of Yen)
46,182
23.7
52,992
14.7
Operating profit (Millions of Yen)
1,821
115.3
3,768
106.9
Ordinary profit or loss (Millions of Yen)
1,891
70.0
3,474
83.7
Net profit attributable to owners of the parent (Millions of Yen)
800
2.8
2,301
187.5
Comprehensive Income (Millions of Yen)
73
▲94.2
3,485
—
Net profit per share (Yen)
84.07
—
243.48
—
Diluted net profit per share (Yen)
—
—
—
—
Return on equity(%)
2.4
6.6
Ordinary income to total assets(％)
2.5
4.8
Operatiing income to net sales(％)
3.9
7.1
（Ref）Profit (loss) on equity method (Mliion of Yen)
▲309
▲737
- Consolidated Financial Position
As of
March 31 ,2025
As of
March 31, 2026
Total assets(Millions of Yen)
73,201
73,049
Net assets(Millions of Yen)
33,581
36,250
Equity ratio(％)
45.8
49.5
Net assets per share(Yen)
3,544.98
3,825.90
*Reference: Shareholders’ equity (Millions of Yen)
33,500
36,167
- Consolidated Cash flows
As of
March 31 ,2025
As of
March 31, 2026
Cash flows from operating activities
5,344
5,748
Cash flows from investing activities
▲1,470
▲1,700
Cash flows from financing activities
▲471
▲1,565
Cash and cash equivalents at end of period
26,124
28,901
- Consolidated Results of Operations
- Dividends
Year ended March 31 2025
Year ended March 31 2026
FY2027/3 Forecast
1Q-end dividends per share (Yen)
—
—
—
2Q-end dividends per share (Yen)
40.00
40.00
40.00
3Q-end dividends per share (Yen)
—
—
—
Year-end dividends per share (Yen)
40.00
40.00
40.00
Anual dividends per share (Yen)
80.00
80.00
80.00
- Forecast for the Fiscal Year ending March 31, 2027 (April 1, 2026 through March 31, 2027)
Amounts | YoY(％) | |
Net sales (Millions of Yen) | 60,000 | 13.2 |
Operating profit (Millions of Yen) | 5,500 | 45.9 |
Ordinary profit (Millions of Yen) | 4,700 | 35.3 |
Net profit attributable to owners of the parent (Millions of Yen) | 3,000 | 30.4 |
Net profit per share (Yen) | 317.35 | — |
Changes in significant subsidiaries during the period(April 1, 2025 through March 31, 2026) (Changes in specified subsidiaries associated with changes in scope of consolidation) : Yes Newly included: 1 company (Name: KOHAN Electronics Industry Co., Ltd.)
Excluded: 2 companies (Names: Lumiotec Co., Ltd. FLASK Co., Ltd.)
Changes in accounting policies, Changes in accounting estimates, or Restatement
Changes in accounting policies due to changes in accounting standards: None
Changes other than “i.” above: None
Changes in accounting estimates: None
Restatements: None
For details, please refer to page 12 of the attached document, “3. Consolidated Financial Statements and Notes to the Consolidated Financial Statements
(5) Notes to the Consolidated Financial Statements (Notes on Changes in Accounting Policies).”
Number of Shares Outstanding (Common stock)
Items | As of | Number of shares | As of | Number of shares |
① Number of shares outstanding at end of year (Including treasury stock) | March 31, 2026 | 10,057,600 | March 31, 2025 | 10,057,600 |
② Number of treasury shares at end of year | March 31, 2026 | 604,312 | March 31, 2025 | 607,386 |
③ Average number of shares outstanding | March 31, 2026 | 9,452,224 | March 31, 2025 | 9,522,482 |
- Results of Operations
Year ended March 31, 2025
Year ended March 31, 2026
Amount
YoY(%)
Amount
YoY(%)
Net sales (Millions of Yen)
30,694
29.5
34,184
11.4
Operating profit or loss(▲) (Millions of Yen)
108
▲81.7
1,950
—
Ordinary profit or loss(▲) (Millions of Yen)
893
▲64.8
2,307
158.4
Net profit or loss(▲) (Millions of Yen)
248
—
1,544
520.6
Net profit per share (Yen)
26.13
—
163.38
—
Diluted net profit per share (Yen)
—
—
—
—
- Financial Position
As of March 31 ,2025 | As of March 31, 2026 | |
Total assets(Millions of Yen) | 57,916 | 55,572 |
Net assets(Millions of Yen) | 28,004 | 28,795 |
Equity ratio(％) | 48.4 | 51.8 |
Net assets per share(Yen) | 2,963.34 | 3,046.09 |
*Reference: Shareholders’ equity (Millions of Yen) | 28,004 | 28,795 |
The forward-looking statements in this document, including earnings forecasts, are based on information currently available to the Company and certain assumptions that the Company believes to be reasonable. Actual results may differ materially from these statements due to a variety of factors.
Refer to "1. Qualitative Information on Quarterly Results (3) Explanation of Forward-Looking Statements" on page 3 of the attached materials for the assumptions used and precautions regarding the use of earnings forecasts.
- Qualitative Information on Quarterly Results
- Explanation of Business Results
As for the consolidated business results of V Technology group (hereinafter "the Group" or "the Company") for the current fiscal year ended March 31, 2026, net sales amounted to 52,992 million yen (46,182 million yen in the same period of the previous year), operating profit was 3,768 million yen (operating profit of 1,821 million yen in the same period of the previous year), ordinary profit was 3,474 million yen (ordinary profit of 1,891 million yen in the same period of the
previous year), and profit attributable to owners of parent was 2,301 million yen (profit attributable to owners of parent of 800 million yen in the same period of the previous year).
Segment results are as follows.
(Semiconductor and Photomask Equipment Business)
In the semiconductor and photomask equipment business, although net sales increased compared with the previous fiscal year, results fell short of the plan due to the impact of extended installation timing for certain equipment from the originally scheduled dates. As a result, net sales of the Group's semiconductor and photomask equipment business for the current fiscal year amounted to 19,593 million yen (14,905 million yen in the same period of the previous year) and
operating profit was 654 million yen (operating profit of 1,242 million yen in the same period of the previous year).
(FPD Equipment Business)
In the flat panel display (FPD) equipment business, market conditions remained firm, centered on equipment for large panels; however, the delivery timing of certain equipment was extended. As a result, net sales of the Group's FPD equipment business for the current fiscal year amounted to 31,964 million yen (29,809 million yen in the same period of the previous year) and operating profit was 3,220 million yen (operating profit of 912 million yen in the same period of the
previous year).
- Explanation of Financial Condition
BS
(Assets)
Current assets at the end of the current fiscal year decreased by 928 million yen compared with the end of the previous fiscal year to 64,464 million yen. This was mainly due to an increase of 2,803 million yen in "Cash and deposits," and decreases of 2,292 million yen in "Notes and accounts receivable - trade" and 701 million yen in "Raw materials and supplies."
Non-current assets at the end of the current fiscal year increased by 776 million yen compared with the end of the previous fiscal year to 8,584 million yen. This was mainly due to increases of 1,005 million yen in "Investment securities" and 465 million yen in "Machinery and equipment," and a decrease of 396 million yen in "Shares of subsidiaries and associates."
As a result, total assets decreased by 151 million yen compared with the end of the previous fiscal year to 73,049 million yen.
(Liabilities)
Current liabilities at the end of the current fiscal year decreased by 1,489 million yen compared with the end of the previous fiscal year to 22,773 million yen. This was mainly due to decreases of 1,351 million yen in "Electronically recorded obligations - operating" and 782 million yen in "Advances received," and an increase of 865 million yen in "Short-term borrowings."
Non-current liabilities decreased by 1,331 million yen to 14,025 million yen. This was mainly due to a decrease of 1,535 million yen in "Long-term borrowings." As a result, total liabilities decreased by 2,820 million yen compared with the end of the previous fiscal year to 36,799 million yen.
(Net assets)
Net assets at the end of the current fiscal year increased by 2,668 million yen compared with the end of the previous fiscal year to 36,250 million yen. This was mainly due to increases of 1,535 million yen in "Retained earnings," 642 million yen in "Foreign currency translation adjustment," and 476 million yen in
"Valuation difference on available-for-sale securities."
- Explanation of Cash Flows
Cash and cash equivalents ("funds") at the end of the current fiscal year increased by 2,776 million yen compared with the end of the previous fiscal year to 28,901 million yen. The status of each cash flow is as follows.
(Cash flows from operating activities)
Net cash provided by operating activities amounted to 5,748 million yen. The acquisition of funds was mainly due to profit before income taxes of 3,425 million yen and a decrease in trade receivables of 2,692 million yen. The use of funds was mainly due to a decrease in trade payables of 2,038 million yen and income taxes paid of 1,040 million yen.
(Cash flows from investing activities)
Net cash used in investing activities amounted to 1,700 million yen. The acquisition of funds was mainly due to proceeds from withdrawal of time deposits of 730 million yen. The use of funds was mainly due to purchase of property, plant and equipment of 1,063 million yen and purchase of shares of subsidiaries resulting in change in scope of consolidation of 571 million yen.
(Cash flows from financing activities)
Net cash used in financing activities amounted to 1,565 million yen. The acquisition of funds was mainly due to proceeds from short-term borrowings of 5,040 million yen and proceeds from long-term borrowings of 4,880 million yen. The use of funds was mainly due to repayments of long-term borrowings of 6,042
million yen and repayments of short-term borrowings of 4,650 million yen.
- Explanation of Forward-Looking Statements
With regard to the consolidated earnings forecast for the fiscal year ending March 31, 2027, the Company expects net sales of 60,000 million yen (a 13.2%
increase year on year), operating profit of 5,500 million yen (a 45.9% increase year on year), ordinary profit of 4,700 million yen (a 35.3% increase year on year), and profit attributable to owners of parent of 3,000 million yen (a 30.4% increase year on year).
*The outlook for future results is based on judgments made based on information available at the time of this announcement. Forecasts involve various uncertainties, and actual results may differ from forecasts due to various factors.
- Basic Policy on Profit Allocation and Payment of Dividends for the Current and Next Fiscal Years
The Company's basic policy on the appropriation of profits is to return profits in line with business performance, taking into consideration the stability and continuity of dividends, the dividend payout ratio, and other factors, while also taking into account the need to enhance internal reserves required for M&A, capital investment, R&D investment, and the strengthening of the management base, all of which are necessary for further future business expansion. Going forward, in order to further enhance shareholder returns, the Company plans to actively engage in initiatives such as strengthening share buybacks and
increasing dividends.
Under this policy, the Company plans to pay a year-end dividend of 40.00 yen per share for the fiscal year ended March 31, 2026 (annual dividend of 80.00 yen per share including an interim dividend of 40.00 yen per share). The Company plans an annual dividend of 80.00 yen per share for the next fiscal year.
Devidens
Interim
Year ended
Anual
FY2026/3 (Yen)
40.00
40.00
80.00
FY2027/3 (Yen)
40.00
40.00
80.00
- Explanation of Business Results
- Basic philosophy on the selection of accounting standards
In order to ensure comparability with other companies in the same industry in Japan, the Group has adopted Japanese GAAP for accounting standards. Regarding the application of IFRS, the Group's policy is to respond appropriately, taking into account various domestic and international circumstances.
-