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Lasertec Corporation ( 6920 ) First 9 Months of Fiscal Year ending June 2021 - 1on1 FAQ 1. Results ( first 9 months , July 2020 to March 2021 ) ( 1 ) Sales ● Sales totaled JPY 51.9B ( up 26.3B YoY ) → 83.8 % progress vs. 62.0B forecast of sales for FY2021 → EUV - related systems installed and accepted by customers as expected " Semiconductor - related products " accounted for 43.3B ( up 23.9B YoY ) " Other products " accounted for 3.1B ( up 1.3B YoY ) " Services " accounted for 5.4B ( up 1.0B YoY ) Gross profit amounted to 26.2B ( up 11.6B YoY ) , and GP margin was 50.6 % ( -6.4 % YoY ) → GP increased , but GP margin fell due to unfavorable change in product mix as anticipated Operating profit amounted to 18.5B ( up 9.7B YoY ) , and OP margin was 35.8 % ( + 1.2 % YoY ) → OP margin rose due to delay in R & D spending Net profit amounted to 13.4B ( up 7.1B YoY ) , and NP margin was 25.9 % ( + 1.3 % YoY ) ( 2 ) Orders Orders totaled 79.2B ( up 13.3B YoY ) , and backlog at the end of the period amounted to 120.4B ( up 24.6B YoY ) → 83.4 % progress vs. 95.0B forecast of orders for FY2021 → EUV - related systems continued to drive orders growth " Semiconductor - related products " accounted for 73.0B ( up 15.1B YOY ) " Other products " accounted for < 0.6B ( down 2.7B YoY ) " Services " accounted for 5.5B ( up < 1.0B YoY ) April 30 , 2021 ( 3 ) Income statement R & D expenses amounted to 3.6B , 7.1 % of sales ( up 1.3B YoY ) → 59.5 % progress vs. 6.1B , or 9.9 % of sales , forecast of R & D expenses for FY2021 → R & D spending to increase in Q4 and expected to be close to the forecast at year - end Depreciation and amortization amounted to > 0.9B ( up 0.3B YoY ) → 72.0 % progress vs. 1.3B forecast of depreciation and amortization for FY2021 Capital expenditure amounted to 3.4B ( up 2.5B YoY ) → 99.0 % progress vs. 3.4B forecast of capital expenditure for FY2021 → Proactive investment ( in intangible assets ) made in FY2021 H1 for future growth of EUV related business ( 4 ) Balance sheet & cash flows Cash and deposits at the end of the period was 18.5B ( down 6.1B YoY ) → Inventories increased ( up 13.5B YoY ) → Accounts receivable - trade increased ( up 6.8B YoY ) Work in process amounted to 43.2B ( up 13.1B YOY ) → Continue to increase due to increased orders and expedited production of some yet - to be ordered products 1