ULVAC, the Kanagawa-based maker of vacuum deposition and etching equipment used by chipmakers and display producers, booked a record ¥324.2bn in new orders for the year to June 2026, up 43.7% from a year earlier. Turning that backlog into profit proved harder: consolidated sales rose 7.1% to ¥269.1bn, but ordinary profit fell 30.4% to ¥19.9bn from ¥28.6bn.
| Metric | Year to June 2025 | Year to June 2026 |
|---|---|---|
| Consolidated revenue | ¥251.2bn | ¥269.1bn |
| Consolidated ordinary profit | ¥28.6bn | ¥19.9bn |
| Net profit attributable to owners | ¥16.7bn | ¥17.1bn |
| Parent-only revenue | ¥98.9bn | ¥87.2bn |
| Parent-only ordinary profit | ¥16.1bn | ¥6.2bn |
| Dividend per share | ¥164 | ¥152 |
ULVAC attributes the gap to operational strain rather than weak demand. The company cites "material supply risk" and constrained production capacity that kept it from converting record orders into sales and profit quickly enough. It also absorbed one-off costs tied to its electric-vehicle-related business, and a shift in product mix toward increased display-related sales, which together pulled the operating margin down 3.3 points to 7.3%.
Net profit attributable to shareholders still edged up 2.4% to ¥17.1bn. The parent company on a standalone basis fared worse: revenue fell to ¥87.2bn from ¥98.9bn and ordinary profit dropped to ¥6.2bn from ¥16.1bn.
The board has proposed a dividend of ¥152 a share for the year, down from ¥164, subject to approval at the annual shareholders meeting set for September 29, 2026. Because parent-company earnings per share fell further than the dividend was cut, the payout ratio calculated on that basis rose to 77.8% from 57.5%. Consolidated headcount fell to 5,613 from 6,132 over the same period.
The annual securities report covers only ULVAC's own results; it does not establish how widely supply and capacity constraints are affecting other semiconductor-equipment makers.