3 promising brands for power semiconductor manufacturing! Demand for EVs expands rapidly, making it Hinomaru Semiconductors' trump card
On the 8th of this month, ROHM and Toshiba announced that they will jointly produce power semiconductors. The total project cost of both companies is approximately 380 billion yen, and the government will subsidize a maximum of about 130 billion yen. Not only semiconductor manufacturing equipment and materials that Japan excels atExpectations are also high for the revival of production of semiconductors themselves.Unlike general semiconductors that are responsible for computation and memory, power semiconductors can convert and control extremely large amounts of power, and are used in automobiles, industrial equipment, data centers, etc. In particular, it is regarded as a next-generation power semiconductorProducts using silicon carbide (SiC) are highly energy efficient, and demand is rapidly expanding as the cruising range of electric vehicles (EVs) can be extended.
High-tech brands such as semiconductors will be in the US this year $NVIDIA (NVDA.US)$It rose due to speculative purchases in response to a sharp rise in stocks. We manufacture power semiconductors $Mitsubishi Electric (6503.JP)$Ya $Renesas Electronics (6723.JP)$Stocks were also adjusted after rising rapidly, but they have begun to lower prices again.
[Screening conditions] (Toshiba delisted on December 20)
・Year to date gain/fall rate of 50% or less
・Return on equity (ROE) of 9% or more (median value of stocks listed on the Tokyo Stock Exchange Prime Market)
・The oscillator indicator RSI (parameter: 14 days) indicating overbought and oversold is 60 or less
◆ $Fuji Electric (6504.JP)$
A major heavy electric company. Consolidated sales exceeded 1 trillion yen for the first time in the fiscal year ending 23/3,Net profit hits record high for 3 consecutive termsI did it. Power electronics (power conversion, control technology) and power semiconductors are also doing well for the fiscal year ending March 24, and sales are expected to increase 5% from the previous fiscal year to 1.6 trillion yen, and net profit is expected to increase 5.1% to 64.5 billion yen. We also handle the industry's largest high-capacity uninterruptible power supplies to respond to expanding data center demand. Among power semiconductors, production capacity is being increased, especially for EVs. Exchange sensitivity is positive by 0.1 billion yen in dollar yen due to changes in the depreciation of the yen of 1 yen. The assumed exchange rate for the second half is 140 yen per dollar. Analysts'The average target stock price is 7258.33 yen. (20.25% margin of increase from the closing price of 6036 yen on the 21st)
A major heavy electric company. Consolidated sales exceeded 1 trillion yen for the first time in the fiscal year ending 23/3,Net profit hits record high for 3 consecutive termsI did it. Power electronics (power conversion, control technology) and power semiconductors are also doing well for the fiscal year ending March 24, and sales are expected to increase 5% from the previous fiscal year to 1.6 trillion yen, and net profit is expected to increase 5.1% to 64.5 billion yen. We also handle the industry's largest high-capacity uninterruptible power supplies to respond to expanding data center demand. Among power semiconductors, production capacity is being increased, especially for EVs. Exchange sensitivity is positive by 0.1 billion yen in dollar yen due to changes in the depreciation of the yen of 1 yen. The assumed exchange rate for the second half is 140 yen per dollar. Analysts'The average target stock price is 7258.33 yen. (20.25% margin of increase from the closing price of 6036 yen on the 21st)
◆ $Rohm (6963.JP)$
LSI (large-scale integrated circuit), semiconductor device manufacturing. Production capacity related to SiC power semiconductors is being increased, mainly for EVs. We are working to increase production at the Chikugo Plant (Fukuoka Prefecture), etc. A new base was acquired in Miyazaki Prefecture and is scheduled to be put into operation in '24.The plan is to increase production of SiC power semiconductors by investing 510 billion yen over 7 years until fiscal year 27.The capital investment amount for fiscal year 23 was 160 billion yen. The overseas sales ratio was 44.7%. Consolidated sales for the fiscal year ending 2014/3 are expected to decrease 1.6% to 500 billion yen due to a decrease in sales for PCs, smartphones, and home appliances, and net profit is expected to fall 26.6% to 59 billion yen. Products for EVs are doing well, but increases in amortization costs and research and development expenses are likely to resonate. Analysts'The average target stock price is 3494.23 yen. (There is room for an increase of 26.17% from the closing price of 2769.5 yen on the 21st)
LSI (large-scale integrated circuit), semiconductor device manufacturing. Production capacity related to SiC power semiconductors is being increased, mainly for EVs. We are working to increase production at the Chikugo Plant (Fukuoka Prefecture), etc. A new base was acquired in Miyazaki Prefecture and is scheduled to be put into operation in '24.The plan is to increase production of SiC power semiconductors by investing 510 billion yen over 7 years until fiscal year 27.The capital investment amount for fiscal year 23 was 160 billion yen. The overseas sales ratio was 44.7%. Consolidated sales for the fiscal year ending 2014/3 are expected to decrease 1.6% to 500 billion yen due to a decrease in sales for PCs, smartphones, and home appliances, and net profit is expected to fall 26.6% to 59 billion yen. Products for EVs are doing well, but increases in amortization costs and research and development expenses are likely to resonate. Analysts'The average target stock price is 3494.23 yen. (There is room for an increase of 26.17% from the closing price of 2769.5 yen on the 21st)
◆ $Sanken Electric (6707.JP)$
Electronic component and device manufacturer in Saitama Prefecture. White goods and devices for industrial machinery did not work well in the first half,Strong sales for automobiles, up 28% from the same period last yearIt was. Consolidated sales for the fiscal year ending March 24 are expected to increase 6.9% to 241 billion yen, and net profit is expected to increase 2.8% to 9.8 billion yen. A new power semiconductor factory for traction motors used to drive EVs was established in Niigata Prefecture, and mass production will begin in the latter half of '24 (investment amount is 8 billion yen). We are aiming for a sales ratio of 50% or more for automobiles. The ratio of foreign investors was 55.2% (as of September 30, 23). Analysts'The average target stock price is 15,500 yen. (There is room for an increase of 38.71% from the closing price of 7570.0 yen on the 21st)
Electronic component and device manufacturer in Saitama Prefecture. White goods and devices for industrial machinery did not work well in the first half,Strong sales for automobiles, up 28% from the same period last yearIt was. Consolidated sales for the fiscal year ending March 24 are expected to increase 6.9% to 241 billion yen, and net profit is expected to increase 2.8% to 9.8 billion yen. A new power semiconductor factory for traction motors used to drive EVs was established in Niigata Prefecture, and mass production will begin in the latter half of '24 (investment amount is 8 billion yen). We are aiming for a sales ratio of 50% or more for automobiles. The ratio of foreign investors was 55.2% (as of September 30, 23). Analysts'The average target stock price is 15,500 yen. (There is room for an increase of 38.71% from the closing price of 7570.0 yen on the 21st)
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Source: Nihon Keizai Shimbun, IR materials from various companies, semiconportal, moomoo
Source: Nihon Keizai Shimbun, IR materials from various companies, semiconportal, moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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