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Overview

Precision Instruments

V Technology Co.,Ltd.

V-Technology is a Japanese manufacturer of precision equipment for flat panel display (FPD) and semiconductor/photomask industries. The company develops, designs, manufactures, and sells manufacturing and inspection equipment for LCD and OLED display production processes, as well as OLED evaporation masks and related materials. In the semiconductor and photomask segment, the company provides manufacturing and inspection equipment for semiconductor fabrication processes, and is actively expanding into advanced semiconductor packaging through its newly established Advanced Package Business Promotion Division and participation in the Hi-CHIP alliance.

Market Cap

¥44.9B

US$286M

¥37.8B

US$241M

Stock¥4,745▼-2.37%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

7.1

LTM EV/EBIT

8.3

LTM PER

13.6

LTM PBR

1.2

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+11.4%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Nov 13, 25Decline due to semiconductor market adjustment concerns

2Oct 15, 26US CPI surprise & CoreWeave bond rout triggered global semiconductor stock selloff

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

66%

34%

EquityD/E 0.52xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 38.1%

as of 2026-03-31 · Source: Annual Securities Report

Shigeto SUGIMOTO

12.27%

The Master Trust Bank of Japan, Ltd. (Trust Account)

11.86%

Custody Bank of Japan, Ltd. (Trust Account)

4.03%

HSBC HONG KONG-TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVES (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)

1.93%

BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) (Standing Proxy: MUFG Bank, Ltd.)

1.67%

STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd., Settlement Operations Department)

1.55%

GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)

1.39%

JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd., Settlement Operations Department)

1.31%

Yoshiaki SHIMANE

1.13%

MSCO CUSTOMER SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)

0.99%

Management

5 officers

Shigeto SUGIMOTO

Representative Director, President and Executive Officer

Apr 1981 Joined Sokuki-sha Co., Ltd. (currently TOPCON CORPORATION) Apr 1996 General Manager, Measurement Sales Department, Sokuki-sha Co., Ltd. Dec 1997 Representative Director, President of the Company Jun 2005 Representative Director, President, V Imaging Technology Co., Ltd. Dec 2017 Director, V-E.T Co., Ltd. (current) Jun 2019 Representative Director, President and Executive Officer of the Company (current) Apr 2020 Chairman, V-Tech Shining Color Technology (Kunshan) Co., Ltd. (current)

1958-07-09

Yukihiro KANZAWA

Director and Senior Managing Executive Officer

Apr 1987 Joined Sumitomo Trust & Banking Co., Ltd. (currently Sumitomo Mitsui Trust Bank, Limited) Jun 2005 Joined the Company Jan 2010 General Manager, Finance Department of the Company Jun 2014 Executive Officer, General Manager, Finance & Accounting Department of the Company Jun 2017 Director in charge of Administration and General Manager, Finance & Accounting Department of the Company Oct 2019 Chairman, V Investment China Co., Ltd. (current) Jun 2020 Director and Managing Executive Officer, General Manager of Administration Division, General Manager of President's Office and General Manager of Business Planning Office of the Company Apr 2023 Chairman, VETON TECH LIMITED (current) Jun 2023 Director and Senior Managing Executive Officer, General Manager of Administration Division of the Company (current) May 2024 Chairman, Kunshan V Technology Co., Ltd. (currently Shanghai V Technology Co., Ltd.) (current) Chairman, V-Technology (Shanghai) Human Resource Management Co., Ltd. (current) Oct 2024 Senior General Manager, Production Division of the Company (current)

1962-10-17

Hideki WAKABAYASHI

Director, Audit and Supervisory Committee Member

Apr 1986 Joined Nomura Research Institute, Ltd. Oct 1997 Director, Senior Analyst, Dresdner Kleinwort Benson Securities Co. (currently Commerzbank AG) Apr 1999 Advisory Committee Member, Semiconductor Industry Research Institute Japan Apr 2000 Managing Director, Head of Equity Research and Chief Analyst, J.P. Morgan Securities Japan Co., Ltd. Dec 2001 Head of Research and Chief Analyst, Mizuho Securities Co., Ltd. Apr 2005 President and Fund Manager, FinWave Investments Co., Ltd. Apr 2017 Professor, Graduate School of Innovation Management, Tokyo University of Science Apr 2018 Professor, Department of Management of Technology, Graduate School of Management, Tokyo University of Science; Head of Department of Management of Technology Apr 2020 Head, Research Unit for Management of Technology and Financial Engineering for Social Implementation, Institute for Research Administration, Tokyo University of Science Apr 2021 Chair, Policy Recommendation Task Force, Semiconductor Division, JEITA (current) Apr 2021 Technical Committee Member, New Energy and Industrial Technology Development Organization (NEDO) (current) Apr 2021 Councilor, Tokyo University of Science Jan 2023 Vice President and Director, Society for Research and Innovation Studies (current) Apr 2025 Distinguished Professor, Institute for Semiconductor and Digital Research and Education, Kumamoto University (current) Apr 2025 Visiting Professor, Graduate School of Management, Ritsumeikan University (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member of the Company (current) Sep 2025 Outside Director, Furuya Metal Co., Ltd. (current)

1959-11-26

Junko TATEYAMA

Director, Audit and Supervisory Committee Member

Oct 2006 Registered as attorney; joined Linklaters Foreign Law Joint Enterprise Law Firm Apr 2009 Climate Change Division, International Cooperation Bureau, Ministry of Foreign Affairs of Japan Oct 2012 Joined Dai-Ichi Chuo Law Office (current) Jun 2024 Outside Audit & Supervisory Board Member, Muraki Co., Ltd. (current) Outside Director of the Company Jun 2025 Outside Director, Audit and Supervisory Committee Member of the Company (current)

1980-10-29

Kaori OGAWA

Director, Audit and Supervisory Committee Member

Dec 2007 Joined Azsa LLC (currently Azsa LLC) Feb 2012 Registered as Certified Public Accountant Mar 2013 MCC PTA Asia Pacific Pte. Ltd. Apr 2014 Marubeni ASEAN Pte. Ltd. Feb 2016 Joined Coca-Cola East Japan Co., Ltd. (currently Coca-Cola Bottlers Japan Holdings Inc.) Oct 2019 Mazars LLC (currently Forvis Mazars Japan LLC) Feb 2022 Representative, Ogawa Certified Public Accountant Office (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member of the Company (current) Feb 2026 Outside Audit & Supervisory Board Member, FP Partners Co., Ltd. (current)

1982-05-11

Large Shareholding Reports

Goldman Sachs Asset Management International

2026-10-22

4.81%→4.10%

Shigeto SUGIMOTO

2026-06-01

15.05%→11.68%

Annual report (as of 2026-03-31): 12.27%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-10-22

Large Shareholding Report

V Technology Co.,Ltd.

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V Technology Co.,Ltd.

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