ULVAC : Script of Financial Results Presentation for FY2021

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I would like to discuss the results of FY2021. The result shows that orders received, net sales, and operating profit all exceeded those of the same period of the previous fiscal year and even the plan.

Orders received ended at JPY270.1 billion, increased by 36% YoY. As for semiconductors and electronics, as noted here, sales of logic, memory, power devices, and various electronic devices grew significantly. In FPDs, investment remained active in IT panels, especially in LCDs.

Net sales ended at JPY241.3 billion, up by 32% YoY. Although the previous fiscal year was affected by factors such as longer delivery times for parts and materials, net sales increased significantly due to an increase in orders received.

Operating profit was JPY30.1 billion, up by 75% YoY, and the gross profit margin reached 30.6%, the highest level since ULVAC was listed.

Furthermore, the operating profit margin was 12.5%, which is a 3.1% improvement over the previous year. Regarding the dividend forecast, we were able to increase the dividend to JPY124 from the initial forecast of JPY110. This is an increase of JPY29 over the previous year.

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The current fiscal year is the third year and the final year of our mid-term management plan. As I mentioned earlier, growth achieved mainly in semiconductors and electronics, and despite the impact of longer delivery times for parts and materials, we will improve profitability by strengthening our manufacturing capabilities in this area.

For the current FY2022, we are planning orders received of JPY270 billion, net sales of JPY250 billion, and operating profit of JPY34.5 billion. Regarding the dividend forecast, the dividend for FY2022 is JPY141, up by JPY17 from the previous fiscal year, FY2021. Furthermore, from FY2023 onward, we will formulate a new mid-term management plan, the details of which will be disclosed and explained in August 2023.

In our new mid-term management plan, we intend to concentrate development investment in growth areas to increase sales and profits, and further improve profit margins.

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Here are the mid-term management plan performance trends.

As I mentioned, net sales for FY2021 were JPY241.3 billion and operating profit was JPY30.1 billion, both of which were significantly higher than the same period of the previous year.

Furthermore, for the current fiscal year, which is the final year of the mid-term management plan, net sales are expected to reach JPY250 billion. As you can see from this graph, the bottom dark blue, semiconductors and electrons grow significantly. Operating profit is planned at JPY34.5 billion.

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