Lasertec orders recovered in fiscal year ended June 2026
Service revenue rose 36.5% to 58,646 million yen.
Lasertec Corporation (TSE-6920) recorded a recovery in group orders for the fiscal year ended June 30, 2026, with orders increasing to 237,504 million yen from 105,226 million yen in the preceding year.
Lasertec's consolidated revenue fell 8.3% to 230,485 million yen, a decline attributed to the effect of the preceding year's order intake on sales in the period under review.
Demand related to AI data centers strengthened further in the semiconductor industry, Lasertec's main customer market, supported by substantial investment aimed at putting agentic AI into use and broadening its adoption.
Demand for advanced semiconductors, including CPUs, GPUs and high-bandwidth memory, remained high and drove growth in the semiconductor market served by Lasertec during the fiscal year.
Lasertec's semiconductor-related equipment revenue declined 17.2% from the preceding year to 168,090 million yen in the fiscal year ended June 30, 2026.
Lasertec's service revenue increased 36.5% from the preceding year to 58,646 million yen for the fiscal year ended June 30, 2026.
Lasertec continued expanding its service business against a backdrop of increased equipment shipments, which formed the basis for that business expansion.
Lasertec plans to strengthen both the capabilities and number of its service engineers and further develop its worldwide service organization so customers can continue using its equipment with confidence.
Lasertec's medium-term management plan sets a target for services to account for at least 20% of revenue over the course of the plan.
Lasertec's consolidated operating profit declined 14.3% from the preceding year to 105,259 million yen for the fiscal year ended June 30, 2026.
Lasertec generated 48,540 million yen in cash from operating activities during the fiscal year, a decrease of 37.7% compared with the preceding year's operating cash inflow.
Lasertec's cash outflow from financing activities increased 75.8% from the preceding year to 43,181 million yen for the fiscal year ended June 30, 2026.
Lasertec's financing cash outflow principally reflected dividend payments of 31,131 million yen and spending of 12,003 million yen on purchases of its own shares during the fiscal year.
Lasertec ended the fiscal year with cash and cash equivalents of 91,503 million yen, an increase of 5,416 million yen from the balance at the preceding fiscal year-end.
Lasertec's funding requirements had grown as it spent on research and development for products including those related to extreme ultraviolet technology and on work in progress to address its high order backlog.
Customer-driven changes in delivery or acceptance timing could affect Lasertec's results for an individual fiscal year, even when those changes involved only a small number of items.
Lasertec's principal funding needs included materials, outsourced work and labor for manufacturing, together with materials and labor for research and development intended to distinguish its products from competitors.
Lasertec had previously concentrated limited resources on equipment commissioning and performance improvements as it gave priority to responding to the rapid expansion of its business.
Lasertec plans to pursue new business opportunities by investigating customers' future needs and potential markets and actively investing in research, development and facilities, with the aim of expanding into additional business areas through new solutions.