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Largest Semiconductors Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
KIOXIA, Tokyo Electron, Advantest, Renesas Electronics and Disco.
 | Kioxia Holdings is a Japan-based semiconductor memory manufacturer focusing on NAND memory chips. The company is currently the third-largest NAND supplier globally, with a 14% market share as of 2024. The largest single shareholder of Kioxia is currently Toshiba, which had a 21.9% stake as of November 2025. Kioxia operates nine fabs across Japan: seven in Yokkaichi and two in Kitakami. They are mostly run via a joint venture with Sandisk, Flash Ventures. Flash Ventures is 51% owned by Kioxia. The company’s memory chips are used in various consumer electronics and enterprise infrastructure, such as PCs, smartphones, servers, and USB sticks. Of Kioxia’s revenue, 51% comes from the sales of NAND memory used in solid-state drives, which are used in PCs and servers. | $412 | +3017% | $225B | $230B | 21.4x | 47.5x | ||
| Tokyo Electron is a major supplier of semiconductor fabrication tools. It operates primarily in the etching, deposition, and cleaning segments, which involve adding and removing materials to and from semiconductor wafers. Customers include leading-edge logic, foundry, and memory chipmakers such as Samsung Electronics, Intel, TSMC, and SK Hynix. | $328 | +127% | $149B | $146B | 9.6x | 30.6x | ||
| Founded in 1954 and headquartered in Tokyo, Advantest specializes in semiconductor test systems and is a well-known leader in automated test equipment, or ATE. Advantest also has a high market share in test systems for nonmemory semiconductors, including application processors for mobile phones. The company is also involved in peripheral businesses, such as semiconductor device transport equipment. Following its acquisition of Verigy in July 2011, Advantest holds a market share of over 50% in the ATE market. | $175 | +277% | $127B | $125B | 25.4x | 77.1x | ||
| Headquartered in Tokyo, Japan, Renesas Electronics Corp is an integrated device manufacturer, or IDM, selling semiconductors including microcontrollers, systems on chips, and other analog chips. The company was a combination of parts of the electronics businesses of Hitachi, Mitsubishi, NEC Electronics. Renesas’ manufacturing sites are located in Japan, China, and Malaysia. It employed 21,907 people as of June 30, 2025. | $27 | +141% | $49B | $55B | 6.5x | 18.9x | ||
| Disco Corp is a Japan-based company engaged in the manufacture and sale of precision processing equipment and related tools. The company operates as a single business segment focused on precision cutting, grinding, and polishing technologies used in semiconductor manufacturing and electronic component production. It provides equipment, consumables, and services that support high-precision wafer processing for the semiconductor and electronics industries. | $439 | +112% | $48B | $46B | 18.5x | 40.7x | ||
| JX Advanced Metals Corp is engaged in business activities, with its main products being sputtering targets for semiconductors and rolled copper foil. In addition, the group is also involved in copper and rare metal resource development, smelting and recycling businesses, and is involved in a wide range of businesses from upstream to downstream. The Group consists of three reportable segments: Semiconductor Materials, Information and Communication Materials, and Basic Materials. | $27 | +443% | $25B | $27B | 5.9x | 26.6x | ||
| Lasertec Corp is a Japan-based company mainly engaged in the design, manufacture, and sale of inspection and measurement equipment. The company focuses on providing optical inspection systems and related technologies. The company’s main products include semiconductor-related equipment such as photomasks and wafer inspection or measurement systems, SiC wafer inspection equipment for the energy and environment sector, FPD photomask inspection systems, and hybrid laser microscopes. | $271 | +194% | $24B | $24B | 14.2x | 27.8x | ||
| Screen Holdings Co Ltd is a Japan-based company engaged in the manufacture and sale of semiconductors, electronic equipment, and components. The company operates through five segments. The Semiconductor Manufacturing Equipment Business (SPE) segment develops, manufactures, sells, and services semiconductor equipment. The Display Manufacturing Equipment and Film Deposition Equipment Business segment handles display and film deposition equipment. The Printed circuit board related equipment business segment provides printed circuit board-related equipment and services, and the Graphic Arts Equipment Business segment covers printing-related equipment. The Others segment includes life sciences equipment, software development, and printed materials production. | $69 | +7% | $13B | $12B | 3.0x | 12.3x | ||
| Rohm Co Ltd is a Japan-based company that manufactures and distributes electronic components for use in automotive, transportation, medical, healthcare, audiovisual, telecommunications, digital power, computer and peripherals, and home appliance end markets. The group operates through three reportable segments: LSI, Semiconductor Elements, and Modules. The LSI segment produces analog, logic, and memory LSIs; the Semiconductor Elements segment includes transistors, diodes, power devices, light-emitting diodes, and semiconductor lasers; and the Module segment produces print heads and optical modules. | $32 | +221% | $12B | $12B | 4.3x | 68.8x | ||
| Kokusai Electric Corp is engaged in the semiconductor manufacturing equipment business. The company operates as a single business segment focused on the development, manufacture, and supply of semiconductor production equipment used in the fabrication of electronic components. The main products include batch film deposition equipment, treatment equipment for film quality improvement, units for measuring instruments and cleaning equipment, and others. | $48 | +155% | $11B | $11B | 7.4x | 27.4x | ||
| Founded in 1999 as a joint venture between Nippon Steel and two Mitsubishi entities, Sumco is the world’s second-largest semiconductor-grade silicon wafer manufacturer, with an estimated 21% market share in 2025. Sumco is headquartered in Tokyo and operates seven production sites across Japan. It also maintains sales and support offices in Taiwan, the US, the UK, Indonesia, and Singapore. Sumco sells to most semiconductor manufacturers like TSMC, Intel, Samsung, and Micron. The firm employs over 9,800 people. | $22 | +249% | $8B | $9B | 3.5x | 12.2x | ||
| Tokyo Seimitsu Co Ltd is engaged in the manufacture and sale of semiconductor manufacturing equipment and measuring instruments. The group has two reportable segments: Semiconductor Manufacturing Equipment and Measuring Instruments. The Semiconductor Manufacturing Equipment segment produces wafer probing machines, wafer dicing machines, polish grinders, wafer manufacturing machines, CMP equipment, and precision cutting blades. The Measuring Instruments segment manufactures 3D coordinate measuring machines, roundness and cylindrical shape measuring machines, surface roughness and contour shape measuring machines, and various automatic measuring, sorting, and assembly machines. It generates the majority of its revenue from the Semiconductor Manufacturing Equipment segment. | $115 | +128% | $5B | $4B | 4.7x | 17.8x | ||
| RORZE Corp is engaged in development, design, manufacturing, and sales of automation system for semiconductor/FPD production. Its semiconductor automation product generates more revenue. It also has products like Atmospheric robot, vacuum water robot, Mask handling system, control device. | $25 | +142% | $4B | $4B | 5.0x | 18.5x | ||
| Micronics Japan Co Ltd is a Japanese company which is engaged in manufacturing of semiconductor and related products. It mainly produces probe cards for testing the electrical properties of wafers, testing equipment and test sockets for property testing after packaging, and a wafer prober, which is used for evaluation and analysis of devices. The company also offers products such as array probers, which are used for testing the electrical properties of flat panel displays (FDP), automated optical inspection equipment used for the display inspection of panels, and probe units that send electrical signals to test panels. Its product portfolio includes probe cards, package probe, semiconductor test equipment, automated optical inspection equipment, probe units, and FDP prober products. | $96 | +319% | $4B | $4B | 8.1x | 25.7x | ||
| Macnica Holdings Inc is an independent electronics distribution company in Japan. The company imports, exports, and distributes electronic components such as semiconductor devices and Integrated Circuit (IC), and business accompanying or pertaining to such activities. Its business segments are the Integrated Circuit, Electronic Devices, and Other Business, and the Network Business. The IC, Electronic Devices, and Other Business handles the sales of products such as ICs and electronic devices, and the Network Business is responsible for the sales of network-related hardware, software, and services. | $20 | +67% | $4B | $4B | 0.6x | 13.8x | ||
| Socionext Inc is engaged in the research, design, development, manufacture, and sale of semiconductor products. The company operates under a Solution SoC business model, providing custom system-on-chip (SoC) solutions for various markets, including automotive, networking, imaging, and industrial applications. The company's revenue is mainly derived from the sales of semiconductor products. | $18 | +35% | $3B | $3B | 2.5x | 11.3x | ||
| Fujimi Inc is a Japan-based company engaged in the manufacture and sale of synthetic precision abrasives materials. The company offers abrasives for silicon wafers and other semiconductor substrates, chemical mechanical planarization products which are required for multilayered circuits on semiconductor chips, and abrasives for computer hard disks. In addition, it also provides various materials that are used in electronic components, and thermal spray material related to the engine, and many more. The company operates in four geographical regions, including Japan, North America, Asia, and Europe. | $24 | +98% | $2B | $2B | 4.2x | 18.4x | ||
| Towa Corp develops, manufactures and sells resin encapsulation systems for semiconductors and singulation systems. In addition, it also manufactures and sells precision molds for manufacturing semiconductors and plastic molded products. Its product portfolio is divided into two technologies molding including light-emitting diode, semiconductor, and sensors/module products and Singulation including semiconductor, and light-emitting diode-other applications. The company's segments include semiconductor equipment and fine plastic mold. The majority of the company revenue is derived from the sale of semiconductor equipment. | $18 | +88% | $1B | $1B | 3.9x | 14.7x | ||
| Sanken Electric Co Ltd manufactures, sells, and purchases electric equipment and apparatuses. Its product lineup includes semiconductors, power line filters, inverters, DC power supplies, and other items. Products are offered to the automotive, power supply, LED, and other markets for purposes such as meeting global energy conservation regulations. Semiconductors are the company's leading sales generator and find use in automobiles, home appliances, and industrial automation. In addition to having its equipment manufactured domestically (Japan), and in regions such as North America, the company has stationed sales offices in each region to work with clients and meet specific needs. | $59 | +24% | $1B | $1B | 1.9x | 3.7x | ||
| MegaChips Corp. is engaged in the design, development, manufacture, and sale of system large scale integration (LSI), based on its basic image, audio and communications technologies and electronic devices and system equipment that contain its system LSIs. The company's main products Include LSIs for entertainment devices such as game consoles, image processing LSIs for digital cameras, LSIs for liquid crystal display (LCD) panels, and video surveillance system equipment for security field, among others. Geographically all the operations are functioned through the region of Japan and it derives revenue through the sale of LSI products. | $77 | -- | $1B | $1B | 4.2x | 20.1x | ||
| Hosiden Corp is a Japanese electronic parts and equipment manufacturer. The company offers its product through four segments, Electromechanical Components, Acoustic Components, Display Components, and Allied Equipment and Others. Its product portfolio includes connector, switch, acoustic parts, and touch panel that are also used in various electronic devices. It derives the majority of its revenues from its Electromechanical Components segment which mainly includes electrical parts. | $16 | -- | $810M | $380M | 0.2x | 3.4x | ||
| Tokyo Electron Device Ltd is engaged in the sales of semiconductor products, board computer products, software and other electronic components. It is also involved in the business of network and security solutions, storage solutions, and software solutions. | $26 | +46% | $780M | $917M | 0.7x | 11.4x | ||
| JIG-SAW Inc is a Japan-based company engaged in the software-infrastructure business sector. It provides managed services using automatic operation and control AI robot technology. The services offered by the company include Monitoring, Data Control, Embedded, Selecting Cloud, Infrastructure and Module/Chip among others. | $17 | -3% | $110M | $101M | 4.3x | 23.0x | ||
| TMH Inc is engaged in Sales and repair services for semiconductor manufacturing equipment parts, and support for the purchase and sale of semiconductor manufacturing equipment. | $15 | +46% | $54M | $52M | 1.0x | 25.6x | ||
| Himeji Rika Co Ltd produces and supplies high-precision, high-purity quartz glass products that are essential for increasingly sophisticated semiconductor manufacturing equipment. Having expanded from the production of lab glass to the semiconductor field, the core of its production is its quartz glass processing technology and its in-house developed machinery and equipment. Its products, created with master craftsmanship and cutting-edge technology, support comfortable living and a new future in ways that are not visible to the naked eye. | $5 | -- | $38M | $164M | 1.8x | 14.9x | ||
| Median | $27 | +127% | $4B | $4B | 4.3x | 18.9x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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