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ULVAC (6728) investor relations material

ULVAC Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary10 Feb, 2026

Executive summary

  • Orders received in H1 FY26/6 rose 17.8% year-over-year to ¥137.1 billion, exceeding both the initial plan and prior year, mainly due to strong performance in semiconductor and display-related businesses.

  • Net sales for H1 were ¥123.9 billion, down 8.1% year-over-year but up ¥8.4 billion (7%) from plan, with profit items generally in line with the initial plan.

  • Operating profit for H1 was ¥8.5 billion, down 44.9% year-over-year and ¥0.5 billion (-6%) from plan; profit attributable to owners of parent was ¥6.2 billion, down 40.5% year-over-year.

  • The business environment was marked by global economic uncertainty, with mixed trends in the semiconductor, electronics, and display industries.

  • Upward revision of full-year orders received forecast to ¥280.0 billion, the second-highest since listing, driven by record-high semiconductor and electronics orders.

Financial highlights

  • H1 FY26/6 orders received rose 14% year-over-year to ¥137.1 billion, exceeding the plan by ¥17.1 billion.

  • Gross profit decreased to ¥36.4 billion from ¥42.9 billion year-over-year, with gross profit margin declining to 29.4%.

  • Operating profit margin fell to 6.8% from 11.4% year-over-year.

  • Basic earnings per share declined to ¥125.95 from ¥211.33 year-over-year.

  • Cash and cash equivalents at period-end were ¥86.7 billion, down ¥5.9 billion from the previous fiscal year-end.

Outlook and guidance

  • Orders received forecast for FY26/6 raised to ¥280.0 billion (+¥30.0 billion from initial plan), with net sales maintained at ¥250.0 billion.

  • Operating profit is projected at ¥28.5 billion (up 7.5%), and profit attributable to owners of parent at ¥20.0 billion (up 19.9%).

  • Gross profit and operating profit margins expected to improve in H2, with no changes to earnings or dividend forecasts.

  • Semiconductor and electronics orders expected to reach a record ¥94.0 billion, up 54% year-over-year.

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Frequently asked questions

ULVAC Inc specializes in the development, manufacture, and sale of vacuum-based technology and equipment. The company operates through two main segments: Vacuum Equipment and Vacuum Application. The Vacuum Equipment segment focuses on producing a variety of machinery such as sputtering equipment, organic EL manufacturing equipment, and vacuum pumps. Meanwhile, the Vacuum Application segment deals with sputtering target materials, control system-related equipment, and analytical tools. The company is headquartered in Chigasaki, Japan, and its shares are listed on the Tokyo Stock Exchange.

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