ULVAC Cuts Profit and Dividend Forecasts Despite Stronger Orders

ULVAC ( (JP:6728) ) has shared an announcement.

ULVAC revised its full-year forecast for the fiscal year ending June 30, 2026, projecting higher net sales of ¥260 billion but significantly lower operating and ordinary profits of ¥19 billion and a reduced profit attributable to owners of ¥18.5 billion. The downgrade in profits reflects a decline in high-margin projects in power devices and optoelectronics and the booking of EV-related expenses, even as order intake is expected to rise to ¥310 billion on stronger demand from semiconductor, display, and general industrial customers.

The company also cut its projected year-end dividend from ¥164 to ¥152 per share for the same fiscal year, aligning the payout with the lower earnings outlook while maintaining a payout ratio of 40.4 percent in line with its performance-linked policy. This move underscores management’s effort to balance shareholder returns with profitability pressures, signaling near-term margin headwinds but a resilient order environment that could support longer-term growth if demand trends persist.

The most recent analyst rating on (JP:6728) stock is a Buy with a Yen11500.00 price target. To see the full list of analyst forecasts on ULVAC stock, see the JP:6728 Stock Forecast page.

More about ULVAC

ULVAC, Inc. is a Japan-based manufacturer specializing in vacuum technologies and equipment used across semiconductors, displays, power devices, optoelectronics, and general industrial markets. Listed on the TSE Prime Market, the company serves as a key supplier to high-tech manufacturing sectors that rely on advanced deposition, processing, and inspection tools.

Average Trading Volume: 353,008

Technical Sentiment Signal: Buy

Current Market Cap: Yen522B

Learn more about 6728 stock on TipRanks’ Stock Analysis page.