SAMCO INC. (6387) Stock Price

Samco is an equipment manufacturer that designs, manufactures, and sells thin-film deposition equipment, microfabrication equipment, and cleaning equipment used in semiconductor and electronic component manufacturing. The company designs its equipment in-house, outsources manufacturing to partner companies, and ships products after final inspection.

Its primary customers include semiconductor manufacturers, electronic component makers, and research institutions. Applications span optical devices, high-frequency devices, power devices, and more. Revenue is primarily driven by equipment sales, supplemented by stable recurring income from component supply and maintenance services. Sales are conducted through domestic sales offices and, internationally, through select distributors and local subsidiaries.

The company operates as a single business segment with product lines including thin-film deposition equipment (CVD, ALD, and others), high-density plasma etching equipment, and dry cleaning equipment without chemical solutions (including Aqua Plasma). Additional offerings include custom equipment and parts and maintenance services, deployed across applications such as compound semiconductors, silicon semiconductors, electronic components, and healthcare.

The company is pursuing balanced growth and profitability through its medium-term management plan for fiscal years 47-49 (August 1, 2025 to July 31, 2028). Specifically, it aims to increase the ratio of overseas sales to 50% or more, reduce equipment manufacturing cost ratio to below 45.0%, and raise operating profit margin on sales to 25.0% or above. Through these targets, the company seeks to expand stable recurring revenue from parts supply and maintenance services alongside equipment sales, thereby achieving sustained profit growth.

The company prioritizes investment in technology development and product differentiation. It advances research and development of new processes and equipment to meet customer needs, with a strategy to differentiate through proprietary materials and processes. While leveraging its strength in research and development sales, it is also strengthening equipment sales for production facilities. For production customers, the company assigns dedicated personnel to propose optimal equipment and processes, and is implementing concrete measures to expand recurring revenue through enhanced parts supply and maintenance services. Manufacturing is based on in-house design with outsourcing to partner companies, while maintaining a system of final adjustments and performance and quality inspections before shipment.

The company is also focusing on new market development and business expansion, targeting increased market share in North America, Taiwan, China, and South Korea, while opening new markets in Europe, India, and elsewhere. It is strengthening local sales and service personnel and enhancing support systems from headquarters to achieve overseas sales ratio of 50% or above. Additionally, it plans to apply thin-film technology to medical, biotech, environmental, and energy sectors as a new business to be grown over the medium term. Regarding production capacity, the company aims to improve production capability and operational efficiency through facility layout optimization and process standardization.

The company positions technological innovation as fundamental to its management and focuses on creating new materials and processes through ongoing research and development. From a sustainability management perspective, it established an ESG Committee in 2022 and is working to reduce environmental impact through equipment carbon dioxide emission reduction, energy-efficient design, green procurement, and promotion of the 3Rs. The company also invests in human capital development, reviewing personnel systems and refining evaluation frameworks to unlock engineers' creativity while building systems to connect technological foundations to business growth.