Nomura Micro Science Co.,Ltd. (6254) Stock Price

Nomura Micro-Science designs, constructs, sells, and maintains ultrapure water manufacturing equipment. Ultrapure water is highly purified water free of ions, organic matter, living bacteria, and fine particles—essential for semiconductor manufacturing cleaning processes. The purity of this water directly affects product yield, making thorough removal of impurities critical.

The company's business is primarily concentrated in water treatment equipment. It provides ultrapure water manufacturing equipment for semiconductors, flat panel displays, and pharmaceuticals, along with water treatment equipment for various applications. This includes equipment maintenance, consumables such as cartridge filters and ion exchange resins, and water quality analysis services.

To keep pace with advances in semiconductor manufacturing technology, Nomura Micro-Science offers end-to-end solutions from raw water pretreatment to ultrapure water production. The company also provides wastewater and recovery treatment equipment to reduce environmental impact and promote efficient water resource use. These products are sold to customers both domestically and internationally.

The company operates in regions including South Korea, China, Taiwan, and the United States through consolidated subsidiaries. Notably, Nomura Micro-Science Korea has research and development capabilities, establishing an R&D structure close to overseas customers. This enables the company to propose tailored technical solutions and achieve cost reductions based on customer needs.

Additionally, the company offers services through BOOM contracts to reduce customers' capital investment burden. Under BOOM contracts, Nomura Micro-Science provides the ultrapure water equipment while customers pay usage fees, with the company handling equipment operation and maintenance. These contracts are included in the water treatment equipment business.

As other business operations, Nomura Micro-Science and A-Group Plastic sell high-purity chemicals and piping materials. High-purity chemicals support stable operation of ultrapure water manufacturing equipment, while piping materials are used for ultrapure water supply, chemical, water, and gas transfer.

Nomura Micro-Science formulated its medium-term management plan "TTT-26 (Together Toward Transformation-26)" in fiscal year 2023. The plan aims to establish the company as a leader in ultra-pure water manufacturing equipment for semiconductor and pharmaceutical factories, primarily across Asia. The company is also advancing sustainability-focused management that creates both economic and social value alongside its customers.

By fiscal year 2026, the company targets net sales of 101 billion yen, operating profit of 14.6 billion yen, ROE of 25% or higher, and ROIC of 22% or higher. To achieve these goals, the company is prioritizing five key initiatives: strengthening sales capabilities, reforming engineering processes, accelerating research and development, enhancing human capital, and addressing environmental challenges.

The company is particularly focused on expanding into Southeast Asia, having established a new subsidiary in Singapore. It has also strengthened sales efforts by securing orders for water treatment equipment at semiconductor manufacturing facilities in India. In the pharmaceutical market, the company has opened a new sales office in the Hokuriku region to enhance domestic and international business development.

To improve ultra-pure water equipment efficiency, the company is advancing modularization and skid-based manufacturing, reforming its engineering processes. These efforts deliver improved operational efficiency, shorter lead times, and better responsiveness to customer needs.

In research and development, the company is working on enhancing ultra-pure water purity and developing next-generation semiconductor equipment. For the pharmaceutical market, it is launching an endotoxin monitor—a new product developed through joint research with universities—to expand its business.

The company is also prioritizing human capital development through recruitment of talented personnel and expanded training programs. It is promoting digital investment to improve operational efficiency and enhance corporate value. The company is advancing sustainability management by proposing water treatment equipment that reduces environmental impact and contributes to energy conservation.