ULVAC's Record Orders Fail to Lift Profit
Vacuum-equipment maker ULVAC booked record orders of ¥324.2bn for the year to June 2026, but ordinary profit fell 30% to ¥19.9bn as supply-chain and capacity limits slowed the conversion of orders into revenue. The board has proposed cutting the dividend to ¥152 a share, from ¥164, subject to shareholder approval, even as consolidated net profit rose slightly to ¥17.1bn.