SBI Securities initiated coverage of テクセンド and JEOL with a Neutral rating, citing the pace of expansion in the photomask market, while ROHM raised its price target against a backdrop of growing demand from the AI and data-center sectors. Developments among related stocks drew market attention.
SBI Securities initiated coverage of 2 stocks, テクセンドフォトマスク and JEOL, with a Neutral rating, setting a price target of ¥4,100 for テクセンド and ¥7,700 for JEOL. The firm indicated that the photomask market is expected to expand at a slower pace than the equipment market.
SMBC Nikko raised its price target for ROHM from ¥3,500 to ¥4,900, citing increased visibility on demand from the AI and data-center sectors. It pointed to developments in AI and DrMOS as important to the company's next phase of earnings growth, and also identified the restructuring of Toshiba assets as a factor that could affect performance.
ITOKI fell for 3 straight sessions after the company signed an exclusive general agency agreement with Stäubli of Switzerland for its industrial robot business in Japan. PARK24, meanwhile, suffered a sharp decline for the second consecutive session as selling pressure continued following the company's announcement of unauthorized access to Times Car and the leakage of personal information.
TOYO fell for the second consecutive session after signing an exclusive sales agency agreement in Japan with France's Miratlas. The company announced that it had begun domestic sales of Sky Monitor and said it would support the practical implementation of optical satellite communications in Japan.