JAPAN ELECTRONIC MATERIALS CORPORATION
6855・Standard Market・Electric Appliances
Semiconductor Inspection Components Business
The company's core business, centered on probe cards, accounting for over 99% of sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment Sales | ¥29,142 million | ¥23,603 million | ↑ |
| Segment Profit | ¥9,139 million | ¥6,033 million | ↑ |
| Segment Profit Margin | 31.4% | 25.6% | ↑ |
| Depreciation and Amortization | ¥1,259 million | ¥1,132 million | ↑ |
| YoY Sales Growth Rate | +23.5% | ― | ↑ |
| YoY Segment Profit Growth Rate | +51.5% | ― | ↑ |
Business Details
This business develops, manufactures, and sells probe cards used for electrical characteristic testing of semiconductor wafers. It operates three product lines: cantilever-type (C-type), vertical-type (V-type), and MEMS-technology-based M-type. In addition to domestic plants (Head Office, Sanda, Kumamoto), the company sells globally through overseas subsidiaries in the US, Hong Kong, Taiwan, Europe, China, Thailand, and Shenzhen. By capturing demand for advanced semiconductors, centered on probe cards for memory applications, the segment achieved its highest-ever sales and profit since the company's founding in FY2026 (ending March 2026).
Recent Overview
Accelerated sales expansion of memory probe cards drove record sales and profit since the company's founding.
In FY2026 (ending March 2026), demand for advanced memory probe cards, including those for HBM and image processing semiconductors for generative AI, continued to expand, resulting in segment sales of ¥29,142 million (up 23.5% year on year) and segment profit of ¥9,139 million (up 51.5% year on year), both renewing record highs since the company's founding. The full-scale operation of the Kumamoto No. 4 Plant and continued capital investment in existing plants contributed to improved production capacity. Meanwhile, demand for non-memory probe cards remained soft. To strengthen future production capacity, the company resolved in February 2026 to construct a new plant in Amagasaki City, Hyogo Prefecture (scheduled for completion in August 2028).
Key Products
Growth Drivers
- Continued robust expansion in demand for advanced semiconductors such as image processing semiconductors for generative AI and HBM (High Bandwidth Memory)
- Progress in expanding sales of high-value-added memory probe cards for domestic and Asian markets
- Increased production capacity and higher domestic plant utilization rates through full-scale operation of the Kumamoto No. 4 Plant and continued capital investment in existing plants
- Strengthening of M-type probe card production capacity through construction of a new plant in Amagasaki City, Hyogo Prefecture (scheduled for completion in August 2028)
- Medium- to long-term demand expansion driven by moves to build new plants to strengthen and secure semiconductor manufacturing infrastructure for data centers
- Strengthening product competitiveness through continued development of probe cards for next-generation semiconductors
Risks
- Risk of delayed demand recovery for non-memory probe cards (for automotive, industrial equipment, etc.)
- Risk of increased costs associated with construction of the new plant (Amagasaki City, scheduled for completion in August 2028) and advance investment in existing plants
- Risk of sales concentration in major customers (approximately 30% of sales from two Micron-related companies)
- Fluctuations in semiconductor market demand (uncertainty over recovery of markets other than generative AI applications)
- Impact on the entire supply chain from developments in US trade policy and heightened geopolitical risk
- Impact on earnings from foreign exchange rate instability
- Concerns over a global economic slowdown due to escalating tensions in the Middle East
Last updated: June 24, 2026