竹田iPホールディングス positions semiconductor-related masks as a growth engine, with revenue and profit increasing in Q1 FY2027. The company has raised its interim and full-year earnings forecasts, while its PBR is reported to be in the 0.6x range and its dividend yield around 3%.
The company operates a business portfolio centered on semiconductor-related masks as a growth strategy while retaining printing as its founding business. It is leveraging synergies with Daiei Electronics, which it acquired as a subsidiary, to bring inspection capabilities in-house and strengthen its integrated system covering mask manufacturing through inspection.
Recent results showed revenue of ¥8,199 million for the first quarter of the fiscal year ending March 2027, up 3.9% year on year, while operating profit rose 23.8% to ¥236 million, driven by semiconductor-related masks.
On the same day, the company revised its interim forecast, raising revenue to ¥16,800 million and net income from ¥369 million to ¥651 million. It also raised its full-year forecast, with revenue revised to ¥36,000 million and net income to ¥1,450 million.
Toward the final year of its medium-term management plan, the company outlined plans to pursue its ¥10 billion semiconductor-related mask revenue target and leverage synergies within the group, aiming to improve ROE and capital efficiency. Its shareholder return policy is based on a payout ratio of at least 30%, with a projected annual dividend of ¥23.50 after the stock split.