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Electronic Technology

ULVAC, Inc.

Business Summary

ULVAC, Inc. engages in the development, manufacture, import, export, sale and customer support for vacuum-related equipment, components, and materials. It operates through the following segments: Vacuum Equipment and Vacuum Application. The Vacuum Equipment segment covers liquid display and semiconductor sputtering equipment, organic electro-luminescence and solar battery production devices, vacuum pumps, and measuring instruments and products. The Vacuum Application segment deals with liquid display sputtering target materials, control systems, and diagnostic equipment. The company was founded by Jin Imachi on August 23, 1952 and is headquartered in Chigasaki, Japan.

Financial Highlights

Jun 2022 JPYUSD
Revenue241,260M2,054.95M
Gross Profit73,743M628.11M
Operating income30,061M256.04M
Income before tax29,280M249.39M
Net income20,210M172.14M
EBITDA38,648M329.18M
Diluted EPS410.383.49
Dividends Per Share1241.05
Total Assets354,304M2,607.95M
Total liabilities157,818M1,161.66M
Total equity188,976M1,391.01M
Operating cash flow33,931M289.01M
Currency in JPYCurrency in USD

Historical Data

 Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022
Revenue 249,271M 220,721M 185,402M 183,011M 241,260M
Gross Profit 74,023M 65,938M 51,054M 54,295M 73,743M
Operating income 35,351M 23,829M 15,959M 17,197M 30,061M
Income before tax 38,527M 27,148M 21,122M 21,559M 29,280M
Net income 35,905M 18,665M 10,769M 14,830M 20,210M
EBITDA 41,892M 30,767M 23,808M 25,583M 38,648M
Diluted EPS 728.67 378.76 218.54 301.12 410.38
Dividends Per Share 95 105 80 95 124
Total Assets 297,418M 282,302M 282,350M 292,761M 354,304M
Total liabilities 143,347M 124,713M 121,256M 119,063M 157,818M
Total equity 147,531M 150,912M 154,253M 166,899M 188,976M
Operating cash flow 19,086M 18,282M 18,738M 25,520M 33,931M
 Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022
Revenue 2,259.24M 1,986.84M 1,714.56M 1,718.06M 2,054.95M
Gross Profit 670.90M 593.54M 472.13M 509.70M 628.11M
Operating income 320.40M 214.49M 147.58M 161.44M 256.04M
Income before tax 349.18M 244.37M 195.33M 202.39M 249.39M
Net income 325.42M 168.01M 99.58M 139.22M 172.14M
EBITDA 379.68M 276.95M 220.17M 240.16M 329.18M
Diluted EPS 6.60 3.40 2.02 2.82 3.49
Dividends Per Share 0.86 0.94 0.73 0.89 1.05
Total Assets 2,685.12M 2,620.21M 2,617.13M 2,637.72M 2,607.95M
Total liabilities 1,294.15M 1,157.53M 1,123.93M 1,072.73M 1,161.66M
Total equity 1,331.92M 1,400.70M 1,429.79M 1,503.73M 1,391.01M
Operating cash flow 172.98M 164.56M 173.28M 239.57M 289.01M

Valuation Measures

Jun 2022
PER11.25
ROA6.24%
ROE11.35%
Operating margin12.46%
Profit margin8.37%

Key executives

  • President & Representative Director: Setsuo Iwashita
  • Managing Executive Officer & Manager-Finance: Sadao Aoki
  • Director & Vice President: Mitsuru Motoyoshi
  • Executive Officer & Manager-Legal Affairs: Shinji Takahashi
  • Senior Executive Officer: Shigemitsu Sato

Shareholders

  • Taiyo Pacific Partners LP (10.3%)
  • Nippon Life Insurance Co. (6.5%)
  • FIL Investment Advisors (UK) Ltd. (5.1%)
  • Asset Management One Co., Ltd. (3.8%)
  • Nomura Asset Management Co., Ltd. (3.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.1%)
  • Norges Bank Investment Management (2.5%)
  • The Vanguard Group, Inc. (2.4%)
  • Kempen Capital Management NV (2.2%)
  • Indus Capital Partners LLC (1.8%)

Contact Details

Related Companies

  • Ulvac (Shenyang) Co., Ltd.
  • ULVAC Coating Technology (HEFEI) Co., Ltd.
  • Ulvac Board Benefit Trust
  • ULVAC Materials Taiwan, Inc.
  • ULVAC (Thailand) Ltd.
  • ULVAC (Suzhou) Co., Ltd.
  • ULVAC Vacuum Equipment (Shanghai) Co., Ltd.
  • ULVAC Tianma Electric (Jingjiang) Co., Ltd.
  • ULVAC Nonferrous Metals (Ningbo) Co., Ltd.
  • ULVAC Cryogenics (Ningbo), Inc.
  • ULVAC Ningbo Co., Ltd.
  • ULVAC Research Center SUZHOU Co., Ltd.
  • ULVAC Automation Technology (Shanghai) Corp.
  • ULVAC Software Creative Technology Co., Ltd.
  • UF TECH Ltd.
  • ULVAC GmbH
  • ULVAC Taiwan, Inc.
  • ULVAC Singapore Pte Ltd.
  • ULVAC (Shanghai) Trading Co., Ltd.
  • ULVAC Materials Korea Ltd.
  • Pure Surface Technology Ltd.
  • ULVAC (China) Holding Co., Ltd.
  • ULVAC Malaysia Sdn. Bhd.
  • ULVAC Seiki Co., Ltd.
  • Ulvac Automation Shanghai, Inc.
  • Ulvac Automation Taiwan, Inc.
  • Ultra Clean Precision Technologies Corp.
  • ULVAC Korea Precision Ltd.
  • Ulvac Coating Corp.
  • ULVAC Equipment Sales, Inc.

Competitors

  • Intevac, Inc.
  • New Power Plasma Co., Ltd.
  • VAT Group AG
  • Jilin OLED Material Tech Co., Ltd. Class A
Last Updated on 26 Sep, 2022

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