Ushio Inc. shares rose sharply, while SBI Securities raised its target from ¥5,700 to ¥6,000 and indicated that it may revise its earnings forecast upward on the back of growing EMIB-T demand.
Ushio Inc. shares continued to rise sharply, with SBI Securities reported to have raised its price target while maintaining its “Buy” rating.
It indicated that manufacturing capacity for CoWoS is becoming tight as performance requirements for AI semiconductors increase, and that demand spillover to EMIB-T has been confirmed.
The brokerage revised its earnings forecast upward, estimating operating profit of ¥26.2 billion for the fiscal year ending March 2028, above the consensus estimate of ¥22.4 billion.
Rising demand for AI-related packaging is cited as a growth driver for Ushio Inc., supported by expanding demand for EMIB-T.