Note: This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

August 13, 2024

Consolidated Financial Results for the Fiscal Year
Ended June 30, 2024 (Under Japanese GAAP)
Company name:
ULVAC, Inc.
Listing:
Tokyo Stock Exchange
Securities code:
6728
URL:
https://www.ulvac.co.jp/en/
Representative:
Setsuo Iwashita, President and CEO
Inquiries:
Daichi Harada, General Manager of IR Department, Administration HQ
Telephone:+81-467-89-2024
Scheduled date of ordinary general meeting of shareholders:
September 27, 2024
Scheduled date to commence dividend payments:
September 30, 2024
Scheduled date of filing annual securities report:
September 27, 2024
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
Yes (for domestic institutional
investors and analysts)(Yen amounts are rounded to the nearest million, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended June 30, 2024 (from July 1, 2023 to June30, 2024)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

Net sales
Fiscal year ended
June 30, 2024
June 30, 2023

Millions of yen

261,115
227,528

Note: Comprehensive income% Millions of yen

14.8
(5.7)

29,771
19,946% Millions of yen

49.3(33.6)

29,78522,880Yen% Millions of yen

30.2(28.9)

Yen

Ordinary profit tototal assets%––

20,233
14,169%42.8(29.9)¥29,088 million [88.7%]¥15,415 million [(47.0)%]

Diluted earnings
Return on equity
per share

410.67287.70

Profit attributable toowners of parent

Ordinary profit

For the fiscal year ended June 30, 2024:
For the fiscal year ended June 30, 2023:

Basic earnings
per share
Fiscal year ended
June 30, 2024
June 30, 2023

Operating profit

Operating profit to
net sales

%

9.7
7.3

8.0
6.5

Reference: Share of profit (loss) of entities accounted for using equity method:
For the fiscal year ended June 30, 2024:
For the fiscal year ended June 30, 2023:¥495 million¥2,661 million

%

11.4
8.8

(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen

June 30, 2024

388,653

227,72756.7

4,473.50

June 30, 2023

353,474

204,853

56.1

4,024.72

Reference:

EquityAs of June 30, 2024:
As of June 30, 2023:¥220,430 million¥198,212 million%

Net assets per shareYen(3) Consolidated cash flows
Cash flows fromoperating activities
Fiscal year ended

Cash flows frominvesting activities

Millions of yen

Cash flows fromfinancing activities

Millions of yen

Millions of yen

Cash and cash
equivalents at end of
periodMillions of yen

June 30, 2024

17,162(19,524)(2,784)84,541

June 30, 2023

1,011

(15,673)(5,438)87,317

2. Cash dividends
Annual dividends per shareFirst
quarter-end

Secondquarter-end

Thirdquarter-end

Fiscalyear-end

Total

Yen

Total
dividend(Annual)Payout ratio(Consolidated)

Dividend on
equity(Consolidated)

%

%

Yen

Yen

Yen

Fiscal year ended
June 30, 2023

Yen Millions of yen

–

–

–

109.00109.00

5,379

37.9

2.8

Fiscal year ended
June 30, 2024

–

–

–

144.00144.00

7,107

35.1

3.4

Fiscal year ending
June 30, 2025
(Forecast)

–

–

–

164.00164.0035.1

3. Consolidated earnings forecasts for the fiscal year ending June 30, 2025 (from July 1, 2024 toJune 30, 2025)
Net sales(Percentages indicate year-on-year changes.)
Basic
Profit attributable toOrdinary profit
earnings perowners of parent
share

Operating profit

Millions ofyen%Millions ofyen%Millions ofyen%Millions of
yen

%

Yen

Six months ending
December 31, 2024

129,000

7.3

14,00035.8

14,000

27.3

9,000

31.2

182.67

Fiscal year ending
June 30, 2025

275,000

5.3

34,50015.9

35,00017.5

23,00013.7

466.82

* Notes(1) Significant changes in the scope of consolidation during the period: None
(2) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations:None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(3) Number of issued shares (common shares)(i) Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

49,355,938 shares

As of June 30, 2023

49,355,938 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2024

81,370 shares

As of June 30, 2023

107,207 shares(iii) Average number of shares outstanding during the period
Fiscal year ended June 30, 2024

49,269,006 sharesFiscal year ended June 30, 2023

49,248,917 shares[Reference] Summary of non-consolidated financial results
Non-consolidated financial results for the fiscal year ended June 30, 2024 (from July 1, 2023 to June30, 2024)(1) Non-consolidated operating results
Net sales
Fiscal year ended
June 30, 2024
June 30, 2023

Fiscal year ended
June 30, 2024
June 30, 2023

Operating profit

Millions of yen

108,193
94,250(Percentages indicate year-on-year changes.)% Millions of yen

14.8(13.1)

5,288
777

Basic earnings
per share

Diluted earnings
per share

Yen

Yen

291.80250.57

Ordinary profit% Millions of yen

580.2(93.1)

15,661
12,159Profit% Millions of yen

28.8(43.7)

14,37912,342%16.5(33.8)––(2) Non-consolidated financial position
Total assets
As ofMillions of yen

Net assets
Millions of yen

Equity-to-asset ratio

Net assets per share%

Yen

June 30, 2024

248,105

142,11857.3

2,883.83

June 30, 2023

231,764

133,15857.5

2,703.44

Reference:

EquityAs of June 30, 2024:
As of June 30, 2023:¥142,118 million¥133,158 million* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.

* Proper use of earnings forecasts, and other special matters
The forward-looking statements, including the earnings forecasts shown in this document are based on
information currently available to the Company and on certain assumptions deemed to be reasonable. As
such, they do not constitute guarantees by the Company of future performance. Actual performance andother results may differ materially from these forecasts due to various factors. Please refer to “(4) Outlook
for the future” in “1. Overview of operating results, etc.” on page 5 of the attached material for the
suppositions that form the assumptions for earnings forecasts and cautions concerning the use thereof.

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

Attached Material
Index
1. Overview of operating results, etc. ............................................................................................................ 2(1) Overview of operating results for the current fiscal year ................................................................... 2(2) Overview of financial position for the current fiscal year .................................................................. 4(3) Overview of cash flows for the current fiscal year ............................................................................. 4(4) Outlook for the future ......................................................................................................................... 5(5) Basic policy on profit distribution and dividends for the current and next fiscal years ..................... 6
2. Basic approach to the selection of accounting standards .......................................................................... 7
3. Consolidated financial statements and significant notes ........................................................................... 8(1) Consolidated balance sheet ................................................................................................................. 8(2) Consolidated statement of income and consolidated statement of comprehensive income ............. 10
Consolidated statement of income .................................................................................................... 10
Consolidated statement of comprehensive income ........................................................................... 11(3) Consolidated statement of changes in equity .................................................................................... 12(4) Consolidated statement of cash flows ............................................................................................... 14(5) Notes to consolidated financial statements ....................................................................................... 16
Notes – Going concern assumption .................................................................................................. 16
Significant matters that serve as the basis for preparing consolidated financial statements ............ 16
Notes on segment information, etc. .................................................................................................. 21
Per share information ........................................................................................................................ 24
Significant subsequent events ........................................................................................................... 25

1

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

1. Overview of operating results, etc.
(1) Overview of operating results for the current fiscal year

Orders received
Net sales
Operating profit
Ordinary profit
Profit attributable to owners ofparentFiscal year ended
June 30, 2023
247,221
227,528
19,94622,880Fiscal year ended
June 30, 2024
258,181261,115
29,771
29,785(Millions of yen)
Year-on-year change
rate (%)
4.4
14.8
49.3
30.2

14,16920,23342.8

In the current fiscal year, the global economy remained on a gradual recovery track, but uncertainty
increased, mainly because of concerns about the risk of an overseas economic downturn due to global
monetary tightening.
Regarding the business environment in which the Group operates, in the semiconductor sector, capital
investment by semiconductor manufacturers is slowing in the short term, in line with the deceleration indemand for items such as smartphones and personal computers. However, the demand forsemiconductors is expected to expand in the medium- to long-term, partly due to expectations forgenerative AI, and plans for the construction and expansion of semiconductor plants are underway aroundthe world in response to geopolitical risks. In the electronics field, there has been a continued investment
in power devices in line with progress in the shift to green energy, EVs, etc.; technological innovation,
as well as investment to increase the production of various electronic devices for the realization of asmart society, digitalization, and the metaverse; and investment aimed at shifting to domestic productionin China. In the flat panel display (FPD) sector, investments are expected in large-sized organic lightemitting diode displays as IT panels for tablets and personal computers have been replaced by organic
light-emitting diode displays from LCDs in recent years. Additionally, investment in the mass productionof EV batteries aimed at realizing smaller sizes, larger capacities, and higher safety is starting in earnest.
As a result, in the current fiscal year, orders received increased by 10,960 million yen (4.4%) year on
year to 258,181 million yen and net sales increased by 33,587 million yen (14.8%) to 261,115 million
yen. Regarding profit, operating profit increased by 9,825 million yen (49.3%) to 29,771 million yen,ordinary profit increased by 6,905 million yen (30.2%) to 29,785 million yen, and profit attributable toowners of parent increased by 6,064 million yen (42.8%) to 20,233 million yen.
Results by segment are as follows.
[Vacuum Equipment Business]

Orders received
Net sales
Operating profit

Fiscal year ended
June 30, 2023
201,493
184,760
16,5502

Fiscal year ended
June 30, 2024
207,156
212,314
26,146(Millions of yen)
Year-on-year change
rate (%)
2.8
14.9
58.0

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

Details for Vacuum Equipment Business by item are as follows.
FPD production equipment
Orders received were roughly in line with the same period of the previous year while net sales increased
year on year due to full-fledged investment in mass production of EV batteries aimed at realizing smaller
sizes, larger capacities, and higher safety.
Semiconductor and electronic device production equipment
In semiconductor and electronic device production equipment, orders received and net sales increased
year on year following a recovery in investment entering the second half of the year after a period ofadjustments, and active investment in power devices in Japan and China.
Components
In the components business, orders received and net sales both increased year on year, as business wasstrong, especially for leak detectors designed for use in batteries for EVs, thermal management systems
and home electrical appliances.
Industrial equipment
Orders received and net sales increased year on year due to contributions from businesses in areas suchas high performance magnet production equipment and freeze drying equipment for medical applications.
As a result, the Vacuum Equipment Business recorded orders received of 207,156 million yen, orderbacklogs of 125,968 million yen, net sales of 212,314 million yen, and operating profit of 26,146 million
yen.
[Vacuum Application Business]

Orders received
Net sales
Operating profit

Fiscal year ended
June 30, 2023
45,72842,768
3,355

Fiscal year ended
June 30, 2024
51,02648,801
3,563(Millions of yen)
Year-on-year change
rate (%)
11.6
14.1
6.2

Details for Vacuum Application Business by item are as follows.
Materials
Orders received and net sales both increased year on year, primarily owing to a recovery in the operating
rate of FPD related plants.
OthersOrders received decreased year on year, mainly due to a time lag of orders received in businesses related
to surface analyzer equipment, while net sales increased year on year following contributions frombusinesses related to mask blanks for high-definition, high-performance displays.
As a result, the Vacuum Application Business recorded orders received of 51,026 million yen, orderbacklogs of 19,032 million yen, net sales of 48,801 million yen, and operating profit of 3,563 million
yen.

3

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

(2) Overview of financial position for the current fiscal year

Fiscal year ended
June 30, 2023
353,474
148,620
204,853

AssetsLiabilities
Net assets

Fiscal year ended
June 30, 2024
388,653
160,926
227,727(Millions of yen)
Year-on-year change
rate (%)
10.0
8.3
11.2

Total assets increased by 35,179 million yen from the end of the fiscal year ended June 30, 2023.
This was primarily due to an increase of 19,723 million yen in notes and accounts receivable - trade,and contract assets, an increase of 7,537 million yen in inventories, and an increase of 10,157 million
yen in property, plant and equipment, despite a decrease of 2,065 million yen in cash and deposits.
Total liabilities increased by 12,306 million yen from the end of the fiscal year ended June 30, 2023.
This was primarily due to an increase of 3,939 million yen in contract liabilities, an increase of 3,714
million yen in long-term borrowings and an increase of 1,881 million yen in provision for bonuses.
Total net assets increased by 22,873 million yen from the end of the fiscal year ended June 30, 2023.
This was primarily due to an increase of 14,854 million yen in retained earnings and an increase of
5,976 million yen in foreign currency translation adjustment.
(3) Overview of cash flows for the current fiscal year
(Millions of yen)
Category
Cash flows from operating
activities
Cash flows from investing
activities
Cash flows from financing
activities
Cash and cash equivalents at
end of period
Interest-bearing debt

Fiscal year ended
June 30, 2023

Fiscal year ended
June 30, 2024

1,011

17,162

16,150(15,673)(19,524)(3,850)(5,438)(2,784)2,654

87,31784,541(2,776)

41,95846,762

4,804

ChangeCash flows from operating activities amounted to an inflow of 17,162 million yen. Positive factors
behind this included profit before income taxes, depreciation, and an increase in contract liabilities,
while negative factors included an increase in trade receivables, an increase in inventories, and adecrease in trade payables.
Cash flows from investing activities amounted to an outflow of 19,524 million yen. The main factor
behind this was the purchase of property, plant and equipment and intangible assets.
Cash flows from financing activities amounted to an outflow of 2,784 million yen, primarily due toproceeds from long-term borrowings, repayments of long-term borrowings, and dividends paid.
As a result, cash and cash equivalents at the end of the fiscal year ended June 30, 2024, decreased by
2,776 million yen from the end of the fiscal year ended June 30, 2023, to 84,541 million yen.

4

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

Trends in cash flow-related indicators

Equity-to-asset ratio (%)
Equity-to-asset ratio based onmarket value (%)
Cash flow to interest-bearing
debt ratio (years)
Interest coverage ratio (times)

Fiscal year ended
June 30, 2022
53.3

Fiscal year ended
June 30, 2023
56.1

Fiscal year ended
June 30, 2024
56.7

64.2

84.9

133.2

1.2

41.5

2.7

83.4

2.5

32.1

Notes: Equity-to-asset ratio: Equity/Total assets
Equity-to-asset ratio based on market value: Market capitalization/Total assets
Ratio of interest-bearing debt to cash flow: Interest-bearing debt/Cash flow
Interest coverage ratio: Cash flow/Interest payments*1. All indicators are calculated based on consolidated financial figures.
*2. Market capitalization is calculated by multiplying the closing stock price at the end of
the fiscal year by the number of shares outstanding at the end of the fiscal year (after
deduction of treasury shares).
*3. Cash flows used are the cash flows from operating activities in the consolidated
statement of cash flows. Interest-bearing debt includes all liabilities on the consolidatedbalance sheet for which interest is paid. For interest payments, the amount of interest
paid in the consolidated statement of cash flows is used.
(4) Outlook for the future(i) Outlook for the next fiscal year
For the future business environment in which we operate, medium- to long-term investment
expansion in logic, memory, and other semiconductor relations is expected, as exemplified by the
expansion of demand for semiconductors in association with the development of digitalization
involving generative AI, big data, and IoT and the establishment of local supply chains supported bycentral governments. In the electronics field, there will be a continued investment in power devices
in line with progress in the shift to green energy, EVs, etc.; investment in various electronic devices
for the realization of a smart society, digitalization, and the metaverse; and investment aimed at
shifting to domestic production in China, and the expansion will entail technological innovation.
Furthermore, the expansion of investment in the mass production of EV batteries aimed at realizing
smaller size, larger capacity, and higher safety is expected to be full-fledged.
Based on these circumstances, we currently expect the following consolidated results for the fiscal
year ending June 30, 2025.
The Group is working on a mid-term management plan that covers the period through the fiscal year
ending June 30, 2026.
For the fiscal year ending June 30, 2026, there is no changed in the final year of the current mid-term
management plan. We expect net sales of 300.0 billion yen and operating profit of 48.0 billion yen.
To continuously support the achievement of a smart and digital society, shift to green energy, andachieve lower power consumption, all of which will contribute to the solution of social issues, withtechnological innovation, we adopt “Creating Social Value Through Vacuum Technology” and“Enhancing Profit and Capital Efficiency Oriented Management” as our basic policy with the aim ofachieving sustainable growth.

5

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

<Net sales forecast by product>

Net sales
Vacuum Equipment Business
Display and energy-related production
equipment
Semiconductor and electronic device
production equipment
Components
Industrial equipment
Vacuum Application Business
Materials
OthersOperating profit
Ordinary profit
Profit attributable to owners of parent

Fiscal year ended
June 30, 2024
(Actual)
261.1
212.3

(Billions of yen)
Fiscal year ending
June 30, 2025
(Forecast)
275.0[5.3%]
224.0[5.5%]

55.1

55.0[(0.1)%]

95.9

103.0

[7.4%]

39.1
22.2
48.8
24.2
24.6
29.8
29.8
20.2

45.0
21.0
51.0
25.0
26.0
34.5
35.0
23.0

[15.2%][(5.6)%][4.5%][3.2%][5.7%][15.9%][17.5%][13.7%]

Notes: (1) Figures in square brackets indicate year-on-year change rate. Percentages are calculated
in millions of yen and rounded to the nearest million.
(2) In July 2024, the product name of FPD production equipment was changed to Display
and energy-related production equipment(ii) Outlook for cash flows in the next fiscal year
For cash flows in the next fiscal year, we will secure cash inflow from operating activities by posting
profit before income taxes and improving capital efficiency through measures to shorten the cash
conversion cycle (CCC).
In addition, we will promote strengthening research and development in drivers of growth. Funds forthis purpose will be allocated from cash inflows from operating activities and other sources.
(5) Basic policy on profit distribution and dividends for the current and next fiscal years
We recognize that the distribution of profits to shareholders is one of our most important policies.
On the other hand, we are in an industry with significant fluctuations in capital investment trends andremarkable technological innovation. Taking into account the need to secure sufficient funds for researchand development investments in growth areas and to enhance internal reserves necessary to build a stablefinancial base, we aim to return profits to shareholders in a performance-linked manner with aconsolidated payout ratio of 35% or more from the fiscal year ended June 30, 2024 .
Our basic policy is to pay dividends from surplus once a year as a year-end dividend. The decisionmaking body for this distribution of surplus is the general meeting of shareholders.
We decided to increase the dividend for the current fiscal year from the previous forecast of 114 yen per
share to 144 yen per share in a performance-linked manner. For the next fiscal year (ending June 30,2025), we plan to pay a dividend of 164 yen per share based on the above policy.

6

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

Note: The future outlook for us in this financial results report are based on information currently
available. The FPD, semiconductor and electronic devices sectors, which the Group’s main
customers belong to, are particularly competitive industries with a very fast pace of technologicalinnovation. In addition, there are various external factors that directly or indirectly affect theGroup’s performance, such as the global economy, exchange rate fluctuations, raw material
prices, market conditions for FPDs, semiconductors and electronic devices, and trends in capital
investment. Accordingly, please be aware that actual net sales and profits may differ significantly
from the forecasts in this financial results report.

2. Basic approach to the selection of accounting standards
For the time being, the Group’s policy is to prepare its consolidated financial statements in accordancewith Japanese GAAP, taking into consideration the comparability of the consolidated financial statementsfrom period to period and the comparability among companies.
Regarding the application of international accounting standards, we will take appropriate measures inconsideration of various domestic and international situations.

7

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

3. Consolidated financial statements and significant notes(1) Consolidated balance sheet(Millions of yen)
As of June 30, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsMerchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Leased assets
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

8

As of June 30, 2024

98,39996,334

83,538103,261

6,140
36,485
19,335
11,903(521)
255,280

6,426
40,911
22,162
10,224(472)
278,846

87,062(61,146)
25,91584,162(63,763)
20,39914,840(13,099)
1,741
8,245
5,981
(2,311)
3,670
9,617
69,58898,606(64,288)
34,31891,002(66,142)
24,86015,272(12,940)
2,332
8,285
6,202
(2,506)
3,696
6,254
79,745

23
1,746
2,568
4,336

24
2,998
2,381
5,403

10,151
940
6,245
8,962
(2,030)24,26998,193
353,474

10,307
1,158
5,860
8,173
(839)
24,659109,807388,653ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024
(Millions of yen)
As of June 30, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Lease liabilities
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for product warranties
Provision for loss on orders received
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Lease liabilities
Deferred tax liabilities
Retirement benefit liability
Provision for share awards for directors (and otherofficers)
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

9

As of June 30, 2024

47,336
11,878898
2,328
22,685
5,072

46,34012,967958
3,378
26,624
6,954

368

396

1,726
313
14,149106,7541,750
884
16,126116,378

30,080
3,037
195
7,414

33,794
2,972
473
5,758

311

470

409
420
41,867
148,620414
667
44,548160,926

20,873
3,912
160,563(345)
185,003

20,873
3,912
175,417(257)
199,945

2,036
12,721(1,547)
13,2096,641
204,853
353,474

1,928
18,696(140)
20,485
7,297
227,727
388,653ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

(2) Consolidated statement of income and consolidated statement of comprehensive income
Consolidated statement of income(Millions of yen)
Fiscal year ended
June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Selling expenses
General and administrative expenses
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Subsidy income
Share of profit of entities accounted for using equity
methodOther
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Commission for syndicated loans
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Impairment losses
Loss on valuation of investment securities
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent

10

Fiscal year ended
June 30, 2024

227,528
160,366
67,162

261,115
180,455
80,66017,89329,32447,217
19,946

20,84030,05050,89029,771

394
429
321

522
574
340

2,661

495

1,259
5,063

1,060
2,989

441
574
287
826
2,128
22,880

507
1,386
–
1,081
2,975
29,785

–
153
153

155
94
249

2,311
–
2,311
20,722
6,100
542
6,642
14,080(89)
14,169217
303
520
29,515
7,401
565
7,966
21,5491,316
20,233

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

Consolidated statement of comprehensive income(Millions of yen)
Fiscal year ended
June 30, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

11

Fiscal year ended
June 30, 2024

14,08021,549

602
639
154

(121)
5,600
1,405

(59)

655

1,336
15,415

7,539
29,08815,35727,50959

1,579

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

(3) Consolidated statement of changes in equity
Fiscal year ended June 30, 2023
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of
periodCapital surplus

Retained earnings

Treasury shares

Total shareholders’equity3,912

152,514(344)

176,955

20,873

Changes during period
Dividends of surplus(6,120)(6,120)

Profit attributable toowners of parent

14,16914,169Purchase of treasury
shares
Disposal of treasury
shares(1)(1)–

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

–

–

8,049

(1)

8,048

20,873

3,912

160,563(345)

185,003

Accumulated other comprehensive income
Valuation difference
on available-for-salesecurities
Balance at beginning of period

1,440

Foreign currency
Total accumulated
Remeasurements oftranslation
other comprehensive
defined benefit plansadjustment
income12,282(1,700)12,022

Non-controllinginterests

Total net assets

7,508

196,484

Changes during period
Dividends of surplus(6,120)

Profit attributable toowners of parent

14,169Purchase of treasury
shares
Disposal of treasury
sharesNet changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period

(1)
–
596

439

153

1,188

(867)

321

596

439

153

1,188

(867)

8,369

2,036

12,721(1,547)

13,2096,641

204,853

12

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

Fiscal year ended June 30, 2024
(Millions of yen)
Shareholders’ equity
Share capital
Balance at beginning of
periodCapital surplus

Retained earnings

Treasury shares

Total shareholders’equity3,912

160,563(345)

185,003

20,873

Changes during period
Dividends of surplus(5,379)(5,379)Profit attributable toowners of parent

20,233

20,233Purchase of treasury
shares
Disposal of treasury
shares

(1)

(1)

88

88

Net changes in items otherthan shareholders’ equity
Total changes during period
Balance at end of period––

14,85488

14,942

20,873

3,912

175,417(257)

199,945

Accumulated other comprehensive income
Valuation difference
on available-for-salesecurities
Balance at beginning of period

2,036

Foreign currency
Total accumulated
Remeasurements oftranslation
other comprehensive
defined benefit plansadjustment
income12,721(1,547)

13,209Non-controllinginterests

Total net assets

6,641

204,853

Changes during period
Dividends of surplus(5,379)Profit attributable toowners of parent

20,233Purchase of treasury
shares
Disposal of treasury
sharesNet changes in items otherthan shareholders’ equity

(1)
88
(108)

5,976

1,408

7,276

656

7,932

Total changes during period

(108)

5,976

1,408

7,276

656

22,873

Balance at end of period

1,928

18,696(140)

20,485

7,297

227,727

13

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

(4) Consolidated statement of cash flows(Millions of yen)
Fiscal year ended
June 30, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Loss on valuation of shares of subsidiaries andassociates
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for bonuses
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for share awards for
directors (and other officers)
Increase (decrease) in provision for product warranties
Increase (decrease) in provision for loss on orders
received
Interest and dividend income
Interest expenses
Subsidy income
Share of loss (profit) of entities accounted for using
equity method
Loss (gain) on sale of investment securities
Loss (gain) on sale of non-current assets
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Increase (decrease) in contract liabilities
Increase (decrease) in accrued consumption taxes
Decrease (increase) in consumption taxes refund
receivable
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment andintangible assets
Proceeds from sale of property, plant and equipment
and intangible assets
Proceeds from sale of investment securities
Subsidy income
Other, net
Net cash provided by (used in) investing activities

14

Fiscal year ended
June 30, 2024

20,7228,245
2,311

29,515
9,181
217

–

303

36
(869)
238

(1,358)
1,639
319

39

159

328

(65)

297

571

(822)
441
(321)

(1,095)507(340)(2,661)

(495)

–
(153)
3,629
(12,530)(8,418)(2,725)
(913)

(155)
(94)
(15,524)(6,904)(2,981)
2,113
71

(40)

1,496

2,540
9,373
1,026
(400)
(8,987)
1,011

4,768
21,851
1,601(535)(5,756)
17,162(25,578)
25,495(25,562)
25,214(16,311)(19,881)

435

128

–
321
(36)
(15,673)

291
340
(53)
(19,524)ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024
(Millions of yen)
Fiscal year ended
June 30, 2023
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings
Repayments of lease liabilities
Dividends paid
Purchase of treasury shares
Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

15

Fiscal year ended
June 30, 2024

1,483
7,300
(6,368)(879)(6,115)(1)(858)
0(5,438)(459)
12,800(7,722)(1,078)(5,375)(1)(949)–(2,784)

312

2,369

(19,788)
107,106
87,317(2,776)87,31784,541ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

(5) Notes to consolidated financial statements
Notes – Going concern assumption
Not applicable.
Significant matters that serve as the basis for preparing consolidated financial statements
1. Scope of consolidation(1) Number of consolidated subsidiaries: 29
The names of consolidated subsidiaries are as follows:
ULVAC TECHNO, Ltd.
ULVAC Technologies, Inc.
ULVAC KIKO, Inc.
ULVAC EQUIPMENT SALES, Inc.
ULVAC CRYOGENICS INCORPORATEDULVAC-PHI, Inc.
ULVAC KOREA, Ltd.
ULVAC TAIWAN INC.
ULVAC SINGAPORE PTE LTD.
ULVAC (SUZHOU) CO., LTD.
ULVAC Orient (Chengdu) Co., Ltd.
ULVAC Automation Technology (Shanghai) Corporation
ULVAC Tianma Electric (Jingjiang) Co., Ltd.
ULVAC (Shenyang) Co., Ltd.
ULVAC (CHINA) HOLDING CO., LTD.
ULVAC MALAYSIA SDN. BHD.
Physical Electronics USA, Inc.
TIGOLD CORPORATION
Pure Surface Technology, Ltd.
ULVAC CRYOGENICS KOREA INCORPORATEDULTRA CLEAN PRECISION TECHNOLOGIES CORP.
ULVAC COATING CORPORATIONULCOAT TAIWAN, Inc.
ULVAC (Shanghai) Trading Co., Ltd.
ULVAC Materials (Suzhou) Co., Ltd.
ULVAC VACUUM EQUIPMENT (SHANGHAI) CO., LTD.
ULVAC Coating Technology (HEFEI) Co., Ltd.
ULVAC ORIENT TEST AND MEASUREMENT TECHNOLOGY (CHENGDU) CO., LTD.
ULVAC PHI Instruments Co., Ltd.
In the current fiscal year, the newly established ULVAC PHI Instruments Co., Ltd. is included in
the scope of consolidation.
(2) Number of unconsolidated subsidiaries: 8
The names of unconsolidated subsidiaries are as follows:
ULVAC GmbHULVAC SOFTWARE CREATIVE TECHNOLOGY, CO., LTD.
ULVAC Materials Taiwan, Inc.
16

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

NISSIN SEIGYO Co., LTD.
ULVAC (THAILAND) LTD.
ULVAC CRYOGENICS (NINGBO) INCORPORATEDULVAC Research Center SUZHOU Co., Ltd.
FINE SURFACE TECHNOLOGY CO., LTD.
(3) Reason for excluding unconsolidated subsidiaries from the scope of consolidation
The unconsolidated subsidiaries are all small companies and do not have a material impact on the
consolidated financial statements in terms of total assets, net sales, profit/loss, retained earnings,
etc.
2. Application of equity method(1) Number of unconsolidated subsidiaries accounted for by the equity method: none
(2) Number of associates accounted for by the equity method: 3
SHOWA SHINKU CO., LTD.
ULVAC AUTOMATION TAIWAN Inc.
ULVAC (NINGBO) CO., LTD.
(3) Unconsolidated subsidiaries (8 companies) and associates (5 companies) that are not accounted forby the equity method are excluded from the scope of application of the equity method because they
do not have a material impact on consolidated profit/loss, retained earnings, etc. and are notsignificant as a whole.
3. Fiscal year, etc. of consolidated subsidiaries
Among the consolidated subsidiaries, the fiscal year closing date of ULVAC (SUZHOU) CO., LTD.,ULVAC Orient (Chengdu) Co., Ltd., ULVAC Automation Technology (Shanghai) Corporation,ULVAC Tianma Electric (Jingjiang) Co., Ltd., ULVAC (Shenyang) Co., Ltd., ULVAC (CHINA)HOLDING CO., LTD., ULVAC (Shanghai) Trading Co., Ltd., ULVAC Materials (Suzhou) Co., Ltd.,ULVAC VACUUM EQUIPMENT (SHANGHAI) CO., LTD., ULVAC Coating Technology (HEFEI)
Co., Ltd., ULVAC ORIENT TEST AND MEASUREMENT TECHNOLOGY (CHENGDU) CO.,LTD., and ULVAC PHI Instruments Co., Ltd. is December 31, and that of ULVAC KIKO, Inc., ULVACTechnologies, Inc., ULVAC SINGAPORE PTE LTD., and ULVAC MALAYSIA SDN. BHD. is March
31.
In preparing the consolidated financial statements, provisional financial statements prepared forconsolidation as of the consolidated balance sheet date are used for consolidated subsidiaries of which
the fiscal year closing date is December 31. Regarding consolidated subsidiaries of which the fiscal
year closing date is March 31, financial statements as of the consolidated balance sheet date are used.
However, necessary adjustments are made for significant transactions that occurred between theirclosing dates and the consolidated balance sheet date.

17

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

4. Accounting policies(1) Valuation standards and methods for significant assets
Inventories
Mainly stated at cost determined by the specific identification method (balance sheet amount iscalculated by writing down the book value of assets which decreased in profitability).
Securities
Available-for-sale securities
Other than stocks, etc. with no market priceStated at fair value (valuation differences are booked directly in a separate componentof net assets, and cost of securities sold is determined by the moving average method).
Stocks, etc. with no market priceStated at cost determined by the moving-average method.
Derivatives
Stated at fair value(2) Depreciation method for significant depreciable assets
Property, plant and equipment (excluding leased assets)
In addition to the declining-balance method, the straight-line method is used for our researchand development division, Fuji Susono Plant, and property, plant and equipment for lease.
However, buildings (excluding facilities attached to buildings) acquired on or after April 1,
1998 are depreciated by the straight-line method, and facilities attached to buildings andstructures acquired by domestic consolidated subsidiaries on or after April 1, 2016 aredepreciated by the straight-line method.
Assets with an acquisition cost of 100,000 yen or more but less than 200,000 yen are depreciatedin equal amounts over three years.
The useful lives of major assets are as follows.
Buildings and structures: 10 to 50 years
Machinery, equipment and vehicles: 4 to 13 years
Intangible assets (excluding leased assets)
The straight-line method is used.
However, software (for internal use) is amortized by the straight-line method over its useful life
as internally determined (5 years).
Leased assets
The straight-line method is used, where the lease period is deemed as the useful life of the asset
and residual value is set as zero.
Foreign consolidated subsidiaries have adopted IFRS 16 “Leases” or ASU 2016-02 “Leases.”
For lessees of leases, in principle, all leases are recorded as assets and liabilities on the balance
sheet, and the recorded assets are depreciated on a straight-line basis.
(3) Accounting policy for significant provisions(i) Allowance for doubtful accounts
The allowance for doubtful accounts is provided for possible losses on receivables based on thehistorical write-off ratio for general receivables and on the estimated amount of uncollectible
receivables based on a case-by-case determination of collectability for specific receivables suchas highly doubtful receivables.
(ii) Provision for bonuses
To provide for the payment of bonuses to employees, an amount accrued for the current fiscal
year among the estimated amount of bonus payments is recorded.
18

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024(iii) Provision for bonuses for directors (and other officers)
To provide for the payment of bonuses to directors and other officers, we accrue an estimatedamount of bonuses to be paid.
(iv) Provision for product warranties
To provide for expenses related to warranties for products sold, we accrue an estimated amountof expenses to be incurred in and after the next fiscal year based on the historical rate ofoccurrence.
(v) Provision for loss on orders received
To provide for losses related to orders received for manufacturing equipment, we record
estimated losses to be incurred in and after the next fiscal year for contracts in which losses are
expected and the amount of the losses can be reasonably estimated.
(vi) Provision for share awards for directors (and other officers)
To provide for our payment of Company shares, etc. to directors, etc. based on the Directors’
Share Benefit Regulations, we record an amount based on the estimated share benefit obligation
at the end of the current fiscal year.
(4) Accounting methods for retirement benefits(i) Method of attributing estimated retirement benefits to periods
For calculation of retirement benefit obligation, the estimated amount of retirement benefits is
attributed to the period up to the end of the current fiscal year based on the benefit formula
method.
(ii) Method of amortizing actuarial gains and losses and prior service cost
Prior service cost is amortized by the straight-line method over a fixed number of years (10years) within the average remaining service period of employees at the time the cost is incurred.
Actuarial gains and losses are amortized by the straight-line method over a fixed number ofyears (10 years) within the average remaining service period of employees at the time the gains
or losses are recognized in the fiscal year following the year in which they are recognized.
(5) Basis for recognition of significant revenues and expenses(i) Main performance obligations of major businesses
The Group is classified into the Vacuum Equipment Business, which is based on vacuum
technology and provides vacuum equipment represented by sputtering equipment for LCDs,
organic EL production equipment, evaporation roll-to-roll equipment, sputtering equipment for
semiconductor manufacturing, vacuum pumps, measuring instruments and components, andthe Vacuum Application Business, which is based on peripheral technologies of vacuum
technology and provides sputtering target materials, analytical instruments, etc. Both businesses
identify the provision of equipment, devices, and materials as the main performance obligation.
(ii) Normal point in time at which performance obligations are satisfied (normal point in time atwhich revenue is recognized)
In the provision of equipment in the Vacuum Equipment Business and Vacuum Application
Business, those that create assets that cannot be assigned to other customers or to another use
and for which we have the right to receive payment for completed performance obligations are
considered to be performance obligations that will be satisfied over a specified period of time,
and we estimate the progress towards satisfaction of performance obligations and recognize
revenue based on the progress. The method of estimating the degree of progress for
performance obligations to be satisfied over a certain period of time is calculated at the
proportion of the cost incurred to the estimated total cost. Other than the above, revenue isrecognized when control is transferred upon completion of acceptance inspection, etc. by thecustomer. For construction contracts in which the period from the date of commencement oftransactions to the time when the performance obligation is expected to be fully satisfied is very
short, we recognize revenue when the performance obligation has been fully satisfied byapplying alternative treatment stipulated in paragraph 95 of the “Implementation Guidance on
19

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

Accounting Standard for Revenue Recognition” without recognizing revenue over a certain
period of time.
Also, for domestic sales of components and materials, etc., the alternative treatment stipulated
in paragraph 98 of the “Implementation Guidance on Accounting Standard for Revenue
Recognition” has been applied, meaning that in cases where the period of time between time of
shipment and the time the control is transferred to the customer is regular, revenue is recognizedat time of shipment.
The consideration for transactions is mainly received in advance from the time the order isreceived until the performance obligation is satisfied, or payment is required after the
performance obligation is satisfied. Payments after satisfaction of performance obligations do
not include a significant financial component, because they are due within one year from thetime of satisfaction of the performance obligation.
(6) Standards for translation of significant foreign currency-denominated assets or liabilities into
Japanese currency
Monetary receivables and payables denominated in foreign currencies are translated into Japanese
yen at the spot exchange rates prevailing as of the balance sheet date, with translation differences
recognized as gains or losses.
Assets and liabilities, and income and expenses of overseas subsidiaries are translated into yen at
the spot exchange rates prevailing as of the balance sheet date, and the translation differences areincluded in the foreign currency translation adjustment and non-controlling interests in net assets.
(7) Scope of cash and cash equivalents in consolidated statements of cash flows
Cash on hand, demand deposits, and short-term investments with maturities of three months or lessfrom the time of acquisition that can be withdrawn on demand and are exposed to insignificant riskof price fluctuations.

20

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

Notes on segment information, etc.
Segment information
1. Overview of reportable segments
Our reportable segments are our components for which separate financial information is available
and are subject to periodic review by the highest management decision-making body to determine
the allocation of management resources and evaluate their performance.
We are composed of product and service segments based on business units, with “Vacuum
Equipment Business” and “Vacuum Application Business” as reportable segments.
The Vacuum Equipment Business consists of products such as sputtering equipment for LCDs,
organic EL production equipment, evaporation roll-to-roll equipment, sputtering equipment for
semiconductor production, vacuum pumps, and measuring equipment, and we develop, manufacture,sell, and provide maintenance services for these products.
The Vacuum Application Business consists of vacuum-applied products such as sputtering target
materials and analytical instrument-related products, and we develop, manufacture, sell, and provide
maintenance services for these products.
2. Calculation of net sales, profit or loss, assets, and other items by reportable segment
The accounting method for reported business segments is generally the same as that described in“Significant matters that serve as the basis for preparing consolidated financial statements.”
Profit by reportable segment is based on operating profit.
Intersegment revenues and transfers are based on prevailing market prices.
3. Information on net sales, profit or loss, assets, and other items by reportable segment andbreakdown of income.
Previous fiscal year (from July 1, 2022 to June 30, 2023)
Reportable segments
Adjustments(Note 1)

(Millions of yen)
Recordedamount inconsolidated
financialstatements(Note 2)

VacuumEquipment
Business

VacuumApplication
Business

Total

78,17733,884

112,061–

112,061

106,5838,884

115,467–

115,467

Revenue from contracts withcustomers

184,760

42,768

227,528–

227,528

Sales to external customers
Intersegment sales or transfers

184,760
819

42,768
2,776

227,528
3,596–(3,596)

227,528–

Total

227,528

Net sales
Goods or services transferred at apoint in time
Goods or services transferredover time

185,580

45,544

231,124(3,596)

Segment profit

16,5503,355

19,90540

19,946

Segment assets

291,931

58,220350,151

3,323

353,474

6,429

1,817

8,246

(1)

8,245

17,721

2,015

19,736–

19,736

Other items
Depreciation
Increase in property, plant andequipment and intangible assets

Notes: 1. Adjustments are as follows:(1) Adjustments to net sales, segment profit, and depreciation represent elimination of intersegment transactions.
(2) Adjustment of segment assets is long-term investment assets (investment securities), etc.
2. Segment profit is adjusted with operating profit in the consolidated statement of income.
3. The amount of revenue, other than revenue from contracts with customers, is not presented separately fromrevenue from contracts with customers because it is not material.

21

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

Current fiscal year (from July 1, 2023 to June 30, 2024)
Reportable segments
Adjustments(Note 1)

(Millions of yen)
Recordedamount inconsolidated
financialstatements(Note 2)

VacuumEquipment
Business

VacuumApplication
Business

Total

83,95640,899124,855–

124,855

128,358

7,902

136,260–

136,260

Revenue from contracts withcustomers

212,31448,801

261,115–

261,115

Sales to external customers
Intersegment sales or transfers

212,314645

48,801
3,719

261,1154,364–(4,364)

261,115–

Total

212,959

52,520265,480(4,364)

261,115

Net sales
Goods or services transferred at apoint in time
Goods or services transferredover time

Segment profit

26,146

3,563

29,70862

29,771

Segment assets

318,979

66,640385,618

3,035

388,653

7,235

1,948

9,183

(2)

9,181

19,5801,958

21,539–21,539Other items
Depreciation
Increase in property, plant andequipment and intangible assets

Notes: 1. Adjustments are as follows:(1) Adjustments to net sales, segment profit, and depreciation represent elimination of intersegment transactions.
(2) Adjustment of segment assets is long-term investment assets (investment securities), etc.
2. Segment profit is adjusted with operating profit in the consolidated statement of income.
3. The amount of revenue, other than revenue from contracts with customers, is not presented separately fromrevenue from contracts with customers because it is not material.

22

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

Related information
Previous fiscal year (from July 1, 2022 to June 30, 2023)
1. Information by product and service
Description is omitted, because the product and service categories are the same as the reportablesegment categories.
2. Information by region(1) Net sales(Millions of yen)
Japan

China

76,957
Note:

South Korea

77,315

Taiwan31,374

Others22,805

Total

19,077

227,528

Net sales are based on the location of customers and are classified by country or region.

(2) Property, plant and equipment(Millions of yen)
Japan

China
48,598Others7,495

Total
13,496

69,588

3. Information by major customer
Information is omitted, because sales to specific customers do not account for 10% or more of net
sales on the consolidated statements of income.
Current fiscal year (from July 1, 2023 to June 30, 2024)
1. Information by product and service
Description is omitted, because the product and service categories are the same as the reportablesegment categories.
2. Information by region(1) Net sales(Millions of yen)
Japan

China

78,797
Note:

South Korea

91,15534,935

OthersTotal

56,228261,115

Net sales are based on the location of customers and are classified by country or region.

(2) Property, plant and equipment(Millions of yen)
Japan

China

50,517

South Korea
8,946

12,899Others7,382

Total
79,745

3. Information by major customer
Information is omitted, because sales to specific customers do not account for 10% or more of net
sales on the consolidated statements of income.
23

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024

[Information on impairment losses on non-current assets by reportable segment]
Previous fiscal year (from July 1, 2022 to June 30, 2023)(Millions of yen)

Impairment loss

Vacuum Equipment
Business

Vacuum Application
Business

2,275

37

Total
2,311

Current fiscal year (from July 1, 2023 to June 30, 2024)(Millions of yen)
Vacuum Equipment
Business

Vacuum Application
Business–

217

Impairment loss

Total
217

[Information on amortization of goodwill and unamortized balance by reportable segment]
Previous fiscal year (from July 1, 2022 to June 30, 2023)
Not applicable.
Current fiscal year (from July 1, 2023 to June 30, 2024)
Omitted for lack of significance.
[Information on gain on bargain purchase by reportable segment]
Previous fiscal year (from July 1, 2022 to June 30, 2023)
Not applicable.
Current fiscal year (from July 1, 2023 to June 30, 2024)
Not applicable.
Per share information
Previous fiscal year
(from July 1, 2022 toJune 30, 2023)
Net assets per share
Basic earnings per share

Current fiscal year (fromJuly 1, 2023 to June 30,
2024)

4,024.72 yen

4,473.50 yen

287.70 yen

410.67 yen

Notes: 1. Diluted earnings per share are not stated, as there are no dilutive shares.
2. Basis for calculation of basic earnings per share is as follows:
Previous fiscal year
(from July 1, 2022 toJune 30, 2023)

Current fiscal year (fromJuly 1, 2023 to June 30,2024)

Basic earnings per share
Profit attributable to owners of parent (Millions ofyen)

14,16920,233

Amount not attributable to common shareholders(Millions of yen)––

Profit attributable to owners of parent related tocommon stock(Millions of yen)

14,16920,233

Average number of shares of common stock during
the fiscal year (thousand shares)

49,24949,269Note: Our shares remaining in the “Board Benefit Trust (BBT),” which are recorded as treasury shares inshareholders’ equity, are included in treasury shares deducted from the total number of shares outstandingat the end of the period for the calculation of net assets per share. The number of such treasury shares at theend of the fiscal year deducted in the calculation of net assets per share was 97 thousand shares for the24

ULVAC, Inc. (Securities code: 6728)
Consolidated Financial Results for the Fiscal Year Ended June 30, 2024
previous fiscal year and 71 thousand shares for the current fiscal year. In the calculation of basic earnings
per share, they are included in treasury shares which is deducted in the average number of shares
outstanding during the period. The average number of such treasury shares deducted in the calculation ofbasic earnings per share for the period was 97 thousand shares for the previous fiscal year and 77 thousand
shares for the current fiscal year.

Significant subsequent events
Not applicable.

25