Now is the time to pay attention to the 4 semiconductor-related stocks that have exceeded a market price of 0.04 million yen in the Nikkei average. Even though the stock prices are soaring, there are concerns about "buying too late" and "sharp decline" at around 20 times the PER.

◆ $Ebara (6361.JP)$
Its main business is an industrial machinery manufacturer for pump production. It is involved in refrigeration machinery, fans, environmental plants, and semiconductor-related equipment. The 'CMP device' for polishing semiconductor wafers has the 2nd largest global market share, achieving a total shipment of 3,000 units. $Taiwan Semiconductor (TSM.US)$Has been repeatedly honored as an excellent supplier. The equipment is mainly produced at factories in Kumamoto Prefecture, and by the end of 2024, a new factory will be added to increase production capacity by 1.5 times. The consolidated financial results for December 2023 show increased revenue and profit, achieving the highest consolidated net profit of 60 billion yen for the first time, updating the highest profit for the fourth consecutive period.

◆ $Fuji Electric (6504.JP)$
Major electrical equipment company. In the consolidated financial results for the fiscal year ending March 2023, sales exceeded 1 trillion yen for the first time, and net profit reached a new record high for the third consecutive period. In the fiscal year ending March 2024, the Power Electronics (power conversion, control technology) sector and power semiconductors are performing well, with sales expected to increase by 6.0% to 1 trillion 70 billion yen compared to the previous year, and net profit expected to increase by 10.8% to 68 billion yen. It also handles industry-leading high-capacity uninterruptible power supply units to meet the growing demand for data centers. Production capacity for power semiconductors, especially products for EVs, is being enhanced.

◆ $Dexerials (4980.JP)$
Formerly listed as Sony Chemical, this electronic material manufacturer specializes in the high-function field. It manufactures and sells electronic components, joining materials, optical materials, etc., with a focus on anisotropic conductive films and optical elastic resin for display purposes. Nitto Denko is a major trading partner. In February 2022, it acquired Kyoto Semiconductor, which is engaged in optical semiconductor business, as a subsidiary, aiming to expand business utilizing optical communication and sensing technologies. Despite expecting a decrease in sales and profit for the fiscal year ending March 2024, it plans to increase dividends. It aims to start operations by fiscal 2026 and has acquired land for expanding existing plants.

◆ $Nomura Micro Science (6254.JP)$
Major manufacturer of ultra-pure water production equipment. It is involved in the design, construction, and sale of various water treatment equipment. Its sales to Asia, primarily China and Taiwan, account for more than half. It is ahead in developing semiconductor companies in South Korea and Taiwan, with about one-fourth of its revenue coming from Samsung Electronics in South Korea. Due to strong investment in semiconductor-related companies and maintenance business, it expects consolidated sales for the fiscal year ending March 2024 to increase by 45.2% to 72 billion yen compared to the previous year, with a net profit increase of 15.4% to 6.7 billion yen.

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