ULVAC (6728) Q1 2027 earnings summary

Executive summary

• Q1 FY2027 orders reached a quarterly record ¥116,638 million, up 93.1% YoY; net sales rose 39.0% to ¥73,299 million and operating profit increased to ¥6,191 million.

• Semiconductor, electronics and rare-earth-related demand supported growth; Vacuum Equipment profit surged while Vacuum Application profit declined. FY2027 forecasts were raised.

Financial highlights

• Gross profit rose to ¥21,424 million from ¥15,674 million; SG&A increased to ¥15,233 million from ¥13,390 million.

• Ordinary profit was ¥8,981 million and profit attributable to owners of parent was ¥5,680 million; basic EPS was ¥115.50 versus ¥33.76 YoY.

• Ordinary profit included ¥2,337 million in foreign-exchange gains; prior-year results included a ¥315 million gain on sale of businesses.

• Free cash flow was ¥23.0B versus ¥2.5B YoY; operating and investing cash flows were ¥15,997 million and ¥7,001 million, respectively.

Outlook and guidance

• FY2027 full-year forecast raised to orders ¥290B, net sales ¥283B, operating and ordinary profit ¥30B each, and parent-attributable profit ¥20B; forecast EPS is ¥406.68.

• H1 forecasts are orders ¥180B, net sales ¥147B, operating and ordinary profit ¥14.5B each, and parent-attributable profit ¥9B; forecast EPS is ¥183.00.

• Full-year forecast versus FY2026 actual: sales +5%, operating profit +53% and parent-attributable profit +17%; forecast operating margin is 10.6%.

• Revisions reflect Q1 performance, high backlog and expected favorable conditions; higher sales support profit, partly offset by ¥3.0B higher selling-related expenses.