Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Japan Experts, Extraordinary Performance

Equity Bottom-Up

<ul><li>Slower recovery in Industrial Equipment – Semiconductors suffered lower segment OP margin (6.7% Q2 FY3/24, 3.4% Q2 FY3/25), reflecting weakness in Industrial Equipment, poor sales mix, acute yen appreciation and a margin dilutive impact from Glosel.</li><li>In addition, we believe the normalizing order size has eroded operating leverage.</li><li>Consequently, slower-than-expected recovery in Semiconductors led to a full-year guidance OP downgrade. </li></ul>

Slower recovery in Industrial Equipment – Semiconductors suffered lower segment OP margin (6.7% Q2 FY3/24, 3.4% Q2 FY3/25), reflecting weakness in Industrial Equipment, poor sales mix, acute yen appreciation and a margin dilutive impact from Glosel.In addition, we believe the normalizing order size has eroded operating leverage.Consequently, slower-than-expected recovery in Semiconductors led to a full-year guidance OP downgrade. 

Macnica Holdings (3132 JP) - Slower Recovery in Semiconductors than Expected

Macnica Holdings Inc

Macnica Holdings (3132 JP) - Slower Recovery in Semiconductors than Expected