Worth reading
75Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-29.1
Year-on-year change in operating income (%)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 July 2025 to 31 March 2026ConsolidatedJapanese GAAPNet Sales191,631¥ millionYear on year +2.1%Progress 73.7%
Operating profit14,719¥ millionYear on year -29.1%Progress 77.5%
Ordinary income14,534¥ millionYear on year -34.3%Progress 76.5%
Net income attributable to owners of the parent9,111¥ millionYear on year -30.5%Progress 49.2%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥185.17
Financial position at period-end
Total assets390,851¥ million
of which net assets 237,007 ¥ millionEquity ratio 58.8%vs. prior year-end -0.8pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+12,577
Investment-9,818
Financials-12,496
Net change-9,737
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥85,460 million
Segment revenue
Vacuum Equipment Business150,00578.3%-0.0%
Vacuum Applications Business41,62621.7%+10.5%
Segment profit
Vacuum Equipment Business12,76987.3%-28.0%
Vacuum Applications Business1,86312.7%-36.3%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥260,000 million (YoY +3.5%)
Operating profit¥19,000 million (YoY -28.4%)
Ordinary income¥19,000 million (YoY -33.6%)
Net income¥18,500 million (YoY +10.9%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥260,000 million / Operating profit Not disclosed → ¥19,000 million / Ordinary income Not disclosed → ¥19,000 million / Net income Not disclosed → ¥18,500 million
Annual Dividend Forecast¥164 → ¥152
Factors Behind Changes in Business Performance
Investment progressed in advanced logic and next-generation memory in response to the rapid spread of generative AI, in investment to increase panel sizes associated with the growing adoption of OLED panels in FPDs, and in supply-chain diversification in the rare-earth magnet field. Meanwhile, investment in power devices in Japan and China declined following the previous increase.
Disclosure regarding the going concern assumption
No applicable matters. The notes on the going concern assumption state that there are no applicable matters.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsAt a meeting of the Board of Directors held on 12 May 2026, the Company resolved to conclude an agreement to transfer all equity interests in its consolidated subsidiary, 愛発科電子材料（蘇州）有限公司, to 北京豊科晶晟電子材料有限公司. The transfer of equity interests is scheduled to take place between May and June 2026, and a gain of approximately ¥7.8 billion on the sale of investments in an affiliated company is expected to be recorded as extraordinary income.
Impairment loss¥300 million
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥95 million / Extraordinary loss Impairment Losses ¥300 million, Special retirement payments ¥997 million
Depreciation and amortization¥7,951 million
Orders received and order backlogOrders received Consolidated ¥236,185 million / Vacuum Equipment Business ¥191,644 million / Vacuum Applications Business ¥44,541 million / Order backlog Vacuum Equipment Business ¥144,780 million / Vacuum Applications Business ¥21,586 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for institutional investors and analysts)
Issued Shares at Period-End49,355,938 Shares
Treasury Shares at Period-End182,148 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 July 2025 to 31 March 2026 |
| Net Sales | ¥191,631 million (YoY +2.1%) |
| Operating profit | ¥14,719 million (YoY -29.1%) |
| Ordinary income | ¥14,534 million (YoY -34.3%) |
| Profit attributable to owners of the parent | ¥9,111 million (YoY -30.5%) |
| Net income per share | ¥185.17 |
| Equity ratio | End of the current fiscal period 58.8 / End of previous period 59.6 |
| Total assets | ¥390,851 million |
| Net assets | ¥237,007 million |
| Cash flows from operating activities | ¥12,577 million |
| Cash flows from investing activities | ¥-9,818 million |
| Cash flows from financing activities | ¥-12,496 million |
| Cash and cash equivalents at end of period | ¥85,460 million |
| Full-year earnings forecast | Net Sales ¥260,000 million (YoY +3.5%) / Operating profit ¥19,000 million (YoY -28.4%) / Ordinary income ¥19,000 million (YoY -33.6%) / Net income ¥18,500 million (YoY +10.9%) |
| Revision to Earnings Forecast | Net Sales Not disclosed → ¥260,000 million / Operating profit Not disclosed → ¥19,000 million / Ordinary income Not disclosed → ¥19,000 million / Net income Not disclosed → ¥18,500 million |
| Annual Dividend Forecast | ¥164 → ¥152 |
| Segment revenue | Vacuum Equipment Business ¥150,005 million (YoY -0.0%) / Vacuum Applications Business ¥41,626 million (YoY +10.5%) |
| Segment profit | Vacuum Equipment Business ¥12,769 million (YoY -28.0%) / Vacuum Applications Business ¥1,863 million (YoY -36.3%) |
| Orders received and order backlog | Orders received Consolidated ¥236,185 million / Vacuum Equipment Business ¥191,644 million / Vacuum Applications Business ¥44,541 million / Order backlog Vacuum Equipment Business ¥144,780 million / Vacuum Applications Business ¥21,586 million |
| Depreciation and amortization | ¥7,951 million |
| Impairment loss | ¥300 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets ¥95 million / Extraordinary loss Impairment Losses ¥300 million, Special retirement payments ¥997 million |
| Disclosure regarding the going concern assumption | No applicable matters. The notes on the going concern assumption state that there are no applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | At a meeting of the Board of Directors held on 12 May 2026, the Company resolved to conclude an agreement to transfer all equity interests in its consolidated subsidiary, 愛発科電子材料（蘇州）有限公司, to 北京豊科晶晟電子材料有限公司. The transfer of equity interests is scheduled to take place between May and June 2026, and a gain of approximately ¥7.8 billion on the sale of investments in an affiliated company is expected to be recorded as extraordinary income. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for institutional investors and analysts) |
| Issued Shares at Period-End | 49,355,938 Shares |
| Treasury Shares at Period-End | 182,148 Shares |
| Factors Behind Changes in Business Performance | Investment progressed in advanced logic and next-generation memory in response to the rapid spread of generative AI, in investment to increase panel sizes associated with the growing adoption of OLED panels in FPDs, and in supply-chain diversification in the rare-earth magnet field. Meanwhile, investment in power devices in Japan and China declined following the previous increase. |
Items this document does not state (4)
Operating MarginPayout ratioShareholder Return PolicyRegional sales
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Investment progressed in advanced logic and next-generation memory in response to the spread of generative AI, in investment associated with the growing adoption of OLED panels in FPDs, and in supply-chain diversification in the rare-earth magnet field. Meanwhile, investment in power devices in Japan and China declined following the previous increase.
How to read this page
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