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Techsend Photomask Surges Further as Major Domestic Brokerage Initiates Coverage with 'Buy' Rating

Tue Mar 31, 2026 1:49 pm JST Catalyst

Techsend Photomask <429A> continued its sharp rise. Nomura Securities initiated coverage on the company's shares with a "Buy" rating, the highest of its three-tier scale, on the 30th. The target price was set at \4,000. The company manufactures and sells photomasks, glass substrates used in the exposure process of semiconductor manufacturing, and holds the top share in the merchant photomask market. The merchant market is expected to grow faster than semiconductor wafers as the merchant ratio expands. Additionally, among merchant market players, the company with its global supply network is well-positioned to capture demand and is expected to outperform the market.

Source: MINKABU PRESS

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