AIMECHATEC, Ltd.
6227・Standard Market・Machinery
Business
AI Mechatec Co., Ltd. is a precision equipment manufacturer engaged in the development, manufacturing, sales, and after-sales service of flat panel display (FPD)/optical device manufacturing equipment and semiconductor package manufacturing equipment. The company was established in 2016 through a corporate split from Hitachi, Ltd., and listed on the Tokyo Stock Exchange in 2021. Its business consists of three segments: the IJP Solutions Business, the Semiconductor-Related Business, and the LCD Business. Its main customers are global companies in the advanced semiconductor packaging field, such as MIC-TECH (SHANGHAI) CORP. (35.3% of net sales) and MARKETECH INTERNATIONAL CORP. (31.4% of net sales), with demand for advanced semiconductors for AI serving as the primary growth engine. The company has Nanjing Xinchuang Electromechanical Technology Co., Ltd. as a consolidated subsidiary and Nanolithotics Co., Ltd. as an equity-method affiliate.
Business Model
The company provides materials, equipment, and processes as an integrated, inseparable solution (A-PI strategy) that embodies customer needs, adopting a build-to-order model that earns its main revenue from equipment sales. It converts its track record with flagship companies into brand strength, leveraging this to develop new customers. After-Sales Service (Parts, Modification, LCS activities), which is more profitable than the equipment itself, complements this structure with stable earnings, and the order backlog of ¥26,193 million (up 29.4% year on year) enhances visibility into future sales.
Company Strengths
In FY2025 (ended June 2025), the Semiconductor-Related Business achieved net sales of ¥19,521 million (up 70.5% year on year) and segment profit of ¥3,760 million (up 134.7% year on year). The Wafer Handling System has captured demand for advanced semiconductor packages for AI applications, establishing large-scale transaction track records with MIC-TECH (SHANGHAI) CORP. (¥7,418 million) and MARKETECH INTERNATIONAL CORP. (¥6,597 million).
Originating from the operation of Hitachi Techno Engineering's Ryugasaki Plant in 1990, the company has accumulated fine coating, high-precision alignment, and laminating technologies over more than 30 years. Leveraging the Process Development Center opened in 2018, the company continues R&D activities in collaboration with leading universities, research institutions, and materials manufacturers. In FY2025 (ended June 2025), R&D expenses amounted to ¥435 million and capital expenditure amounted to ¥1,084 million.
In September 2022, the company acquired the process equipment business from Tokyo Ohka Kogyo Co., Ltd., strengthening its Semiconductor-Related Business. In February 2025, the company concluded a capital and business alliance with Optran and is promoting the nanoimprint lithography business through the joint venture Nanolithotics Co., Ltd. Through collaboration with multiple partners, the company has built a system of mutual complementarity in technology and sales channels.
ENVALITH's Perspective
Performance Trend
From FY2021 to FY2024, the company remained in a low-growth phase with revenue in the range of ¥14,000-16,000 million and operating profit of ¥261-1,010 million, but a sharp recovery began in FY2025 (revenue of ¥21,006 million, operating profit of ¥2,095 million). In the cumulative nine months of Q3 FY2026 (ending June 2026), the company recorded revenue of ¥24,863 million, operating profit of ¥4,228 million, and net income attributable to owners of the parent of ¥2,820 million, representing a 134.4% year-on-year increase in revenue and an operating profit increase of more than 22-fold. The primary external driver was the continued expansion of investment in advanced semiconductors for AI applications, with the Semiconductor-Related Business posting revenue of ¥21,480 million, up 120.1% year on year. Full-year forecasts (revenue of ¥34,312 million, operating profit of ¥4,854 million, net income of ¥3,078 million) anticipate high growth of 63.3%, 131.7%, and 811.3% year on year, respectively, with no revision to the forecast as of the end of Q3.
Growth Strategy
Aiming for ¥30 billion in revenue and a 12% operating margin in FY2028 (ending June 2028) through deepening the Semiconductor-Related Business and cultivating the IJP Solutions Business
Focus is on capturing additional demand for the Wafer Handling System, expanding orders for panel-level packaging (PLP) systems, and steadily capturing demand for the Solder Ball Mounter Equipment during the investment recovery phase. Cumulative segment sales for the third quarter reached ¥21,480 million with profit of ¥6,262 million, establishing this as the core business.
Through the joint venture Nanolithotics Corporation, the company is advancing orders and sales accumulation for anti-reflection pattern forming systems for tablets and similar devices, as well as systems for silicon photonics semiconductors. The IJP Solutions Business expanded to cumulative third-quarter sales of ¥1,421 million (up 288.9% year on year), but a segment loss of ¥567 million continued due to upfront investment.
Shipments of the Batch Sealing Line for Microdisplays (IJP Equipment) for OLEDoS and other microdisplays have been progressing, with continued inquiries from customers. The company is capturing the expansion of the AR/VR end market as an external factor, while also confirming expansion into new application areas such as silicon photonics semiconductors. Production capacity improvements utilizing the clean room in the new equipment assembly building support this responsiveness.
A stock split at a ratio of 3 shares for every 1 share was implemented effective April 1, 2026 (shares outstanding after the split: 18,849,000). By lowering the investment unit price, the company aims to expand its individual investor base and improve stock liquidity. The forecast annual dividend is ¥17 per share after the split (equivalent to ¥51 before considering the split).
Last updated: July 17, 2026