Nippon Chemical Industrial surges to daily limit up on growing expectations for barium titanate demand for MLCCs

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Mon May 25, 2026 11:21 am JST Catalyst

Nippon Chemical Industrial Co Ltd <4092> shares surged by their daily limit of 700 yen to finish Monday's session at 4,605 yen, drawing heavy inflows as a key play in the booming artificial intelligence data center supply chain.

As global investment in AI data centers accelerates, demand has spiked for multilayer ceramic capacitors (MLCCs) used in server-mounted AI semiconductors and communication boards. While major global suppliers like Murata Manufacturing Co Ltd <6981> have seen their shares rally, Nippon Chemical is attracting substantial capital as a core upstream supplier of barium titanate, a critical raw material for MLCCs.

Adding to the upward momentum, a large shareholding report filed last Thursday showed that Nomura Asset Management holds a 5.44% stake in Nippon Chemical through joint ownership. Part of the holding includes positions for securities businesses involving stock lending contracts. A strategist at a mid-tier brokerage noted that the presence of these lending contracts suggests the stock's dramatic rally may be further accelerated by a short squeeze.

Source: MINKABU PRESS

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