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Stock in focus: KANTO DENKA benefits from expanding semiconductor demand
KANTO DENKA KOGYO CO.,LTD. <4047> deserves attention. The company is a major player in specialty gases. It has strengths in fluorine-based specialty gases used in semiconductor and LCD manufacturing, and the current expansion in semiconductor demand is providing tailwinds for the company. The forecast for consolidated operating profit for the fiscal year ending March 2026 was initially revised downward from 4.0 billion yen to 3.3 billion yen in November last year due to the impact of a fire accident at the Shibukawa Plant (Shibukawa City, Gunma Prefecture), but was then revised upward in February to 4.5 billion yen (up 5.3% from the previous year). Benefiting from tailwinds in the semiconductor sector, operating profit for the fiscal year ending March 2027 is expected to expand to around 6.0 billion yen.
The stock price reached a high of 1,843 yen in February and has since been consolidating, but against the backdrop of expectations for earnings expansion, a further advance beyond the previous high can be anticipated. (Chiwa)
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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