ULVAC (6728) Q1 2026 earnings summary

Executive summary

• Orders received in Q1 FY26/6 rose 19% year-over-year to ¥60.4 billion, but net sales declined 14% to ¥52.7 billion, and profit margins fell due to lower sales and product mix changes.

• Operating profit dropped 60% year-over-year to ¥2.3 billion, and profit attributable to owners of parent fell 55% to ¥1.7 billion.

• Business and production reforms under the Value-Up Plan are progressing as scheduled, including business divestitures and production site restructuring.

• Comprehensive income improved to ¥2.8 billion from a loss of ¥1.9 billion a year earlier.

• No revisions to earnings or dividend forecasts, with steady improvement expected in the second half.

Financial highlights

• Net sales: ¥52.7 billion (down 14% year-over-year); gross profit: ¥15.7 billion (gross margin 29.7%, down 1.6 points YoY).

• Operating profit: ¥2.3 billion (down 60% year-over-year); operating margin: 4.3% (down 5.1 points YoY).

• Profit attributable to owners of parent: ¥1.7 billion (down 55% year-over-year); basic EPS: ¥33.76.

• Ordinary profit: ¥2.5 billion (down 64% year-over-year).

• Orders received: ¥60.4 billion, up 19% year-over-year.

Outlook and guidance

• Full-year orders forecast: ¥250.0 billion, up 11% year-over-year.

• Full-year net sales forecast: ¥250.0 billion, nearly flat year-over-year.

• Full-year operating profit forecast: ¥28.5 billion, up 7% year-over-year; operating margin: 11.4%.

• Full-year profit attributable to owners of parent forecast: ¥20.0 billion, up 20% year-over-year.

• Dividend per share forecast: ¥164.0, unchanged from the previous year.