Nitto Boseki surges to \26,000 level on five consecutive gains, riding AI data center boom with specialty glass

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Thu Apr 9, 2026 12:33 pm JST Catalyst

Nitto Boseki <3110> surged sharply, marking its fifth consecutive session of gains. The stock climbed to \26,290 at its intraday high, rising over \6,000 across five trading sessions. Its specialty glass (special glass fiber), which commands an estimated 90% global market share and forms the backbone of the company's revenue, is seeing a dramatic expansion in business opportunities driven by soaring demand for AI servers installed in data centers amid the rapid growth of the generative AI market.

AI servers require heat-resistant substrate materials with specialized properties that prevent signal degradation for advanced semiconductors, and Nitto Boseki's specialty glass is capturing this demand in its entirety. The company appears to be attracting intense interest from both domestic and international fund investors as a global niche leader in the generative AI era. For the fiscal year ending March 2026, the company has raised its operating profit forecast twice during the period, now projecting \20.0 billion ? a 22% increase YoY and a significant upgrade to its record high. Double-digit profit growth is also within reach for the fiscal year ending March 2027. Furthermore, the company is actively pursuing alliance strategies to expand its business, including a collaboration with Nan Ya Plastics, a major Taiwanese manufacturer of electronic materials and resin products, for specialty glass fabric manufacturing.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.