TDK and Taiyo Yuden shares surged. Buying led the market against the backdrop of joint development of cutting-edge products, sending both companies' shares sharply higher.
TDK's share price rose as much as 5.0% from the previous day's close to ¥3,066. Taiyo Yuden was bought up to ¥9,955, a gain of as much as 9.1%.
The move is reportedly driven by favorable sentiment toward the joint development of cutting-edge products for data centers and physical AI.
The report said the two companies aim to strengthen their competitiveness in advanced technologies through the joint development.