旭有機材 was selected for a subsidy program run by the Ministry of Economy, Trade and Industry to support the development, production and sale of compact precision valves for semiconductor manufacturing equipment. In response, its share price rebounded, closing at ¥6,090 after the market close on the 24th.
After the market close on Friday, the 18th, the company announced that its project, “Development, production and sale of compact precision valves for semiconductor manufacturing equipment leveraging flow-control and low-particle-generation technologies,” had been selected by the Ministry of Economy, Trade and Industry and would receive a subsidy.
For the subsidized project, the company has outlined a plan to increase total compensation for employees involved in the project by an average of 6.2% annually from the fiscal year ending March 2029 through the fiscal year ending March 2032. Following the announcement, the company's shares rebounded in the stock market, rising as high as ¥6,130.
The shares closed at ¥6,090 on the 24th, unchanged from the previous trading day.