ULVAC : Script of Financial Results Presentation for 1Q FY2022

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Orders received in 1Q remained high at 66.6 billion yen, with a 37% increase in Semiconductor and Electronics YoY, offsetting a YoY decline in FPDs orders.

Orders for Electronics increased significantly, especially due to active investments for power devices in China and Japan, as well as μOLED for AR/VR.

Orders for semiconductor-related equipment were also strong, partly due to the expansion of new customers in the Logic field.

In FPDs, there was a reactionary decline in LCD investment, but OLED investment continued.

Net sales increased 18% to 56.2 billion yen and operating profit increased 43% to 5.1 billion yen, both higher YoY.

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Orders in 1Q remained high at 66.6 billion yen, with growth in Electronics, including power devices, and Components as well, offsetting the reactionary decline in FPDs orders YoY.

Net sales increased 8.8 billion yen to 56.2 billion yen from 47.4 billion yen YoY.

Operating profit increased by 1.6 billion yen from 3.6 billion yen to 5.1 billion yen.

Profit attributable to owners of parent also increased by 1.8 billion yen from

2.2 billion yen to 4.1 billion yen. All figures were higher YoY.

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The graph on the left shows the orders received YoY .

Semiconductors and Electronics grew significantly from 21.4 billion yen to 29.3 billion yen.

Memory-related investment has currently being restrained, and some projects have been postponed to the second half of the fiscal year.

Logic increased YoY partly due to orders from new customers in the analog field.

Power devices increased to about 1/3 of Semiconductors and Electronics segment due to large orders in China as well as increased investment in Japan. In addition, investment in µOLED for AR/VR has been recently active in Japan, and orders for Electronics devices remained at a high level.

As the trend of longer delivery times for parts and materials continued, Components performed well, partly due to orders received ahead of schedule.

Orders for FPDs declined due to a decline in investment in LCDs for IT panels used in tablets and PCs, which had been active in the previous fiscal year, but were offset by Semiconductors & Electronics and Components, resulting as the same level YoY in orders received.

Sales were higher YoY for all segments, although sales were lower for Semiconductors and Electronics, etc. relative to the high level of orders received, due to longer delivery times for parts and materials.

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