V TECHNOLOGY CO., LTD. Supplementary Materials for Financial Results for the Third Quarter of FY2023
V Technology Co., Ltd.
Copyright(C) 2023 V Technology Co., Ltd. All Right reserved.
February 10, 2023
1
Note
- Forward-LookingStatements
- Our plans, strategies, forecasts and other statements that are not historical facts are forward-looking statements that are based on currently available expectations, estimates and projections. These expectations, estimates, and forecasts are subject to a number of potential risks, uncertainties, and processes, including changes in economic and market conditions, changes in the competitive environment, changes in the policies of countries in which we have customers, and the outcome of pending and future litigation, which could cause actual results to differ materially from those projected. Accordingly, you should not place undue reliance on these forward-looking statements. We undertake no obligation to update these forward-looking statements based on new information, future events, or otherwise.
- Foreign Exchange Risk
- In principle, export sales of semiconductor and flat panel display manufacturing equipment, our main products, are denominated in yen. Some of our sales are denominated in foreign currencies, but we hedge foreign exchange risk by entering into forward exchange contracts when orders are received. Therefore, the impact of exchange rate fluctuations on equipment sales is minimal.
- Treatment of figures
- Amounts are rounded down to the nearest unit, and percentages are rounded to the nearest unit.
- Matters concerning changes in reportable segments, etc... [Changed from Q1, FYE Mar. 2023].
- Previously, the Group's reportable segments were "FPD business" and "Semiconductor business," but due to a review of the management classification in response to changes in the profit structure, effective from the first quarter of the current fiscal year, the segments have been changed to "FPD equipment business" and "Semiconductor and photomask equipment business". The business segments not included in the reportable segments are disclosed as "Other" segment information.
- The segment information for the previous consolidated accounting period is disclosed based on the reporting segment classification after the product group review.
Copyright(C) 2023 V Technology Co., Ltd. All Right reserved. | 2 |
Summary of Consolidated Financial Results
- Net sales and profits in decrease by FPD Market sluggish ongoing, but our earning plan is inline, hasnʼt changed our earning forecast.
Nine months ended | Nine months ended | ||||
FY22 Q3 | FY23 Q3 | ||||
(Millions of yen) | Amount | Ratio | Amount | Ratio | YoY |
Net Sales | 36,817 | 100.0％ | 29,892 | 100.0％ | ▲18.8％ |
Gross profit | 10,524 | 28.6% | 7,204 | 24.1％ | ▲31.5％ |
Operating profit | 3,314 | 9.0％ | 119 | 0.4％ | ▲96.4％ |
Ordinary profit | 3,413 | 9.3％ | 743 | 2.5％ | ▲78.2％ |
Profit attributable to | 2,920 | 7.9％ | 646 | 2.2％ | ▲77.9% |
owners of parent | |||||
Copyright(C) 2023 V Technology Co., Ltd. All Right reserved. | 3 |
Net sales and Operating profit by business segments
Semiconductor & Photomask Equipment
FY22Q3 | FY23Q3 | YoY | ||||||||||
Net sales | 6,333 | 4,207 | ▲33.6％ | |||||||||
Operating profit | 345 | ▲237 | ー | |||||||||
9,000 | 8,639 | （Millions of yen） | ||||||||||
7,000 | 6,333 | |||||||||||
5,000 | 4,513 | 4,207 | ||||||||||
3,069 | ||||||||||||
3,000 | 2,550 | |||||||||||
1,322 | ||||||||||||
1,000 | 163 | 295 | 345 | 554 | (237) | |||||||
(197) | (89) | |||||||||||
(1,000) | 22Q1 | 22Q2 | 22Q3 | 22Q4 | 23Q1 | 23Q2 | 23Q3 | |||||
Net Sales | Operating profit | |||||||||||
FPD Equipment
FY22Q3 | FY23Q3 | YoY | |||||||||
Net sales | 30,378 | 24,954 | ▲17.9％ | ||||||||
Operating profit | 3,037 | 515 | ▲83.0％ | ||||||||
（Millions of yen） | |||||||||||
50,000 | |||||||||||
42,415 | |||||||||||
40,000 | |||||||||||
30,378 | |||||||||||
30,000 | 24,954 | ||||||||||
22,508 | |||||||||||
20,000 | 15,706 | ||||||||||
10,438 | |||||||||||
10,000 | 5,101 | 6,187 | |||||||||
3,037 | |||||||||||
1,176 | 2,351 | 697 | 759 | 515 | |||||||
0 | |||||||||||
22Q1 | 22Q2 | 22Q3 | 22Q4 | 23Q1 | 23Q2 | 23Q3 | |||||
Net Sales | Operating profit | ||||||||||
Copyright(C) 2023 V Technology Co., Ltd. All Right reserved. | 4 |
Orders & Backlogs by business segments | （Millions of yen） |
Consolidated
22Q3 | 23Q3 | YoY | |
Orders(quarter) | 15,688 | 4,777 | ▲69.5％ |
Backlogs | 47,084 | 35,298 | ▲25.0％ |
50,000 | 46,461 | 47,084 | 44,841 | ||
41,123 | |||||
40,000 | 42,721 | ||||
40,939 | 41,086 | ||||
30,000 | 35,298 | ||||
20,000 | 18,616 | ||||
15,688 | |||||
10,238 | |||||
10,000 | 11,024 | 7,777 | |||
8,658 | 9,914 | ||||
4,777 | |||||
0 | |||||
Backlogs Quarter's order
Semiconductor
& Photomask
22Q3 | 23Q3 | YoY | |
Orders(quarter) | 2,921 | 2,641 | ▲10.1％ |
Backlogs | 6,648 | 17,287 | ＋160.0％ |
20,000 | ||||
17,287 | ||||
15,000 | 15,784 | |||
12,103 | ||||
10,000 | ||||
7,120 | 8,543 | |||
5,548 | ||||
5,428 | ||||
6,648 | ||||
5,000 | 5,741 | |||
4,882 | ||||
3,936 | 1,769 | 4,202 | ||
2,921 | 2,641 | |||
0 | 1,171 |
Backlogs Quarter's order
FPD
22Q3 | 23Q3 | YoY | |
Orders(quarter) | 12,767 | 1,919 | ▲85.0％ |
Backlogs | 40,435 | 18,010 | ▲55.5％ |
50,000 | |||||
40,000 | 40,720 | 40,435 | |||
35,538 | 32,738 | ||||
30,000 | 33,818 | 34,177 | |||
17,339 | 25,338 | ||||
20,000 | 18,010 | ||||
12,767 | |||||
10,000 | 5,779 | ||||
7,098 | 6,889 | 1,919 | |||
4,7472,120 | |||||
0 |
Backlogs Quarter's order
Copyright(C) 2023 V Technology Co., Ltd. All Right reserved. | 5 |
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V Technology Co. Ltd. published this content on 10 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2023 07:09:43 UTC.
