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HARIMA CHEMICALS rises against market trend to new highs, gaining upward momentum on renewed interest in semiconductor materials sector

Tue Jun 2, 2026 2:20 pm JST Catalyst

Harima Chemicals Group, Inc. <4410> bucked the broader market rout on Tuesday, scaling a succession of fresh year-to-date highs. As a pioneer in pine-derived chemicals such as rosin, Harima has built a formidable track record in high-grade semiconductor photoresist resins and electronic encapsulation materials used in advanced backend packaging processes, riding a powerful wave of investor interest in semiconductor materials. This structural momentum was further amplified in mid-May when the company announced the construction of a new manufacturing facility and an advanced R&D center dedicated to semiconductor materials at its core plant in Kakogawa City, Hyogo Prefecture?a move that has strongly resonated with institutional capital.

In addition to these tech-driven catalysts, the company presents a compelling deep-value profile from a fundamental perspective. With full-year net sales projected to expand in the fiscal year ending March 2027 to extend its streak of record-breaking top-line performance, the stock is undergoing a significant valuation re-rating. Market participants are aggressively reassessing Harima's attractive valuation trifecta: a price-to-earnings (P/E) ratio hovering around 10x, a price-to-book (P/B) ratio deeply discounted in the 0.6x range, and a generous dividend yield of approximately 3.7%.

Source: MINKABU PRESS

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

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