DISCO CORPORATION (6146) Stock Price

Market cap
¥7.25T
P/E ratio
57.4x
Disco manufactures precision semiconductor processing equipment like dicing saws and grinders for chip makers worldwide through 24 subsidiaries.

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Business Overview

Disco manufactures and sells semiconductor manufacturing equipment and precision processing tools as its core business. The company also provides related maintenance and service offerings. The Disco Group consists of 24 subsidiaries, including Disco headquarters, and 2 affiliated companies.

Disco's main products include precision processing equipment such as dicing saws, laser saws, grinders, polishers, and surface planers. The company also handles precision processing tools including dicing blades, grinding wheels, and dry polishing wheels.

Manufacturing is handled by Disco headquarters and Daichi Components Corporation. Sales and service operations are conducted by Disco headquarters and overseas bases including DISCO HI-TEC AMERICA, INC., DISCO HI-TEC (SINGAPORE) PTE LTD, and DISCO HI-TEC EUROPE GmbH. This network supports the company's global market presence.

Management Policy

DISCO pursues sustainability based on "DISCO VALUES" as its growth strategy. Established in 1997, this corporate philosophy clarifies DISCO's social mission and target corporate image, positioning contribution to society as a growth indicator. Rather than expanding sales or scale, DISCO defines growth as improving value exchange with stakeholders and aims to realize a sustainable society.

DISCO's business model centers on "advanced Kiru, Kezuru, and Migaku technologies," manufacturing and selling precision processing equipment and tools while providing total solutions to customers' processing challenges. Particularly through test cuts—complimentary processing verification—DISCO resolves customers' technical issues, enhances customer satisfaction, and drives product development aligned with technology trends.

The "Fab Important Strategy" is DISCO's distinctive approach that positions its manufacturing facilities as the starting point for technological innovation and market responsiveness. By maintaining in-house manufacturing capabilities, DISCO achieves integration of development and manufacturing, enabling rapid customer response and building trust relationships. This strengthens competitiveness and ensures supply chain resilience.

As a medium- to long-term management strategy, DISCO has formulated "DISCO VISION 2030," setting targets that combine quantitative goals with qualitative elements emphasizing stakeholder relationships. Specifically, DISCO aims to maintain a four-year cumulative consolidated ordinary profit margin of 20% or higher and a four-year cumulative RORA of 20% or higher. DISCO also pursues sustainable growth through improvements in customer satisfaction and employee satisfaction.

DISCO is strengthening initiatives toward realizing a sustainable society, anticipating expanded applications of technologies in fields such as AI, IoT, and autonomous driving. Particularly, aiming for carbon neutrality, DISCO has set a medium-term target of achieving carbon neutrality for emissions related to its own operations by fiscal year 2030.

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