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富士紡HD Research Memo(7):半導体需要の本格的回復などで、2025年3月期は大幅な増収増益予想(2)

Fujibo HD Research Memo (7): A significant recovery in semiconductor demand etc is expected to lead to substantial revenue and profit growth for the fiscal year ending March 2025.

Fisco Japan ·  Dec 9 11:07

■Future outlook for Fujibo Holdings<3104>

3. Prospects for capital investment

The capital investment plan for the fiscal year ending 2025/3 anticipates a double investment of 6220 million yen (92.0% increase from the previous fiscal year) for the previous fiscal year. In the abrasives business, we are strengthening investment in research and development as medium- to long-term growth investments. Investment themes include the construction of a new technology development building that integrates domestic technology development functions and the construction of Taiwan laboratory facilities. In the chemical industrial products business, orders for functional materials are expected to expand over the medium to long term, so investments related to ancillary equipment for new plant construction have begun.

4. Prospects for R&D investment in the abrasives business

The miniaturization of semiconductors is about to enter the Ongstrong era (from the 2nm generation to the 0.3nm generation) around 2030. The level of demand from customers is becoming increasingly strict, but the company's abrasive soft pads have definitely caught up. Going forward, if research and development investments to support miniaturization can continue to be carried out, the company sees “the future is bright” for the abrasives business.

(Written by FISCO Visiting Analyst Keiji Shimizu)

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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