Semiconductor Equipment industry map

Who earns the money in Semiconductor Equipment, and who keeps it. When a company spans several industries, only the relevant segment is counted.

FY2025 · 77 companies · ¥7.95T

Industry map

Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.

Industry size (revenue): ¥7.95T
Companies: 77
Avg. salary（parent only）: ¥7.3M
Industry weather: Sunny

Tokyo Electron[8035]

Revenue: ¥2.44T▲0.5%
Operating income: ¥624.9B▼10.4%

Avg. salary ¥13.8M · 43.1（parent only）

Advantest[6857]

Test System Business + 1 more

Revenue: ¥1.13T▲44.7%
Operating income: ¥527.5B▲114.4%

Whole company: Revenue ¥1.13T · Net income ¥375.4B

Avg. salary ¥11M · 45.7（parent only）

SCREEN Holdings[7735]

Spe + 2 more

Revenue: ¥540.3B▼4.6%
Operating income: ¥131.7B▼6.7%

Whole company: Revenue ¥605.7B · Net income ¥92B

Avg. salary ¥10.8M · 42.0（parent only）

Disco[6146]

Revenue: ¥436.9B▲11.1%
Operating income: ¥185B▲10.9%

Avg. salary ¥18.8M · 37.2（parent only）

Ebara[6361]

Precision Machinery

Revenue: ¥342.3B▲23.0%
Operating income: ¥57.8B▲15.2%

Whole company: Revenue ¥958.3B · Net income ¥76.6B

Avg. salary ¥9.8M · 43.1（parent only）

Lasertec[6920]

#6▲

Revenue: ¥251.5B▲17.8%
Operating income: ¥122.8B▲51.0%

Avg. salary ¥16.8M · 40.1（parent only）

Kokusai Electric[6525]

#7▼

Revenue: ¥235.1B▼1.6%
Operating income: ¥41.8B▼18.5%

Avg. salary ¥9.6M · 44.1（parent only）

NGK[5333]

Digital Society

#8▲

Revenue: ¥205.4B▲19.7%
Operating income: ¥28.1B▲63.5%

Whole company: Revenue ¥670.1B · Net income ¥59.9B

Avg. salary ¥9.2M · 40.7（parent only）

Ulvac[6728]

Vacuum Equipment Business

#9▼

Revenue: ¥199.1B▼6.2%
Operating income: ¥21.9B▼16.3%

Whole company: Revenue ¥251.2B · Net income ¥16.7B

Avg. salary ¥8.9M · 44.6（parent only）

Ferrotec[6890]

Equipment related

#10▲

Revenue: ¥185.1B▲12.0%
Operating income: ¥16B▲30.4%

Whole company: Revenue ¥288.9B · Net income ¥14.9B

Avg. salary ¥6.7M · 42.4（parent only）

Kurita Water Industries[6370]

Electronics Industry

#11

Revenue: ¥171.8B▲1.4%
Operating income: ¥28.7B▲3.2%

Whole company: Revenue ¥402.9B · Net income ¥16B

Avg. salary ¥10M · 43.3（parent only）

Horiba[6856]

Materials and Semiconductor

#12▲

Revenue: ¥156.5B▲4.5%
Operating income: ¥44.5B▼1.0%

Whole company: Revenue ¥333.1B · Net income ¥37.1B

Avg. salary ¥8.2M · 42.8（parent only）

※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.

Other companies: Tokyo Seimitsu · Rorze · Shibaura Mechatronics · Daifuku · Ushio · Micronics Japan · Toto · Nomura Micro Science · Japan Material · Tocalo · Towa · V Technology · Jeol · Pillar · Shibuya · Hirata · Tazmo · Optorun · Daihen · RS Technologies · Japan Electronic Materials · Sinfonia Technology · Yamaichi Electronics · Gltechno Holdings · Enplas · Obara Group · Hamamatsu Photonics · A&D HOLON Holdings · Aimechatec · Yokowo · Innotech · Eagle Industry · J.E.T. · Okamoto Machine Tool Works · Helios Techno Holding · Adtec Plasma Technology · Y.A.C. Holdings · Oxide · Samco · Showa Shinku …+25

The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).

Switch years to see how the map shifts

Who earns the money

Area = revenue from businesses in this industry. Color = operating margin.

LossHigh margin(middle = 0% margin)

Who makes a profit

Across = revenue (log scale), up = operating margin, bubble size = operating income.

Ranking and momentum

Rank	Company (business)	Revenue	Share	Op. margin	CAGR	FCF*
1	Tokyo Electron	¥2.44T	30.7%	25.6%	+5.1%	¥320.3B
2	AdvantestTest System Business + 1 more	¥1.13T	14.2%	46.7%	+90.4%	¥299.2B
3	SCREEN HoldingsSpe + 2 more	¥540.3B	6.8%	24.4%	+10.2%	¥61.8B
4	Disco	¥436.9B	5.5%	42.3%	+14.5%	¥98.3B
5	EbaraPrecision Machinery	¥342.3B	4.3%	16.9%	+15.4%	-¥51.5B
6▲1	Lasertec	¥251.5B	3.2%	48.9%	+37.5%	¥75.6B
7▼1	Kokusai Electric	¥235.1B	3.0%	17.8%	-1.1%	¥31.8B
8▲2	NGKDigital Society	¥205.4B	2.6%	13.7%	+8.1%	¥82.5B
9▼1	UlvacVacuum Equipment Business	¥199.1B	2.5%	11.0%	+7.1%	¥23.5B
10▲2	FerrotecEquipment related	¥185.1B	2.3%	8.7%	+19.7%	-¥25.3B
11	Kurita Water IndustriesElectronics Industry	¥171.8B	2.2%	16.7%	—	¥26B
12▲1	HoribaMaterials and Semiconductor	¥156.5B	2.0%	28.4%	—	¥28.2B
13▲2	Tokyo SeimitsuSemiconductor manufacturing device	¥127.9B	1.6%	22.2%	+6.0%	¥13.4B
14	RorzeSemiconductor and Flat panel display	¥127.6B	1.6%	25.1%	—	¥26.7B
15▲4	Shibaura MechatronicsFine mechatronics + 1 more	¥83.6B	1.1%	19.0%	+16.6%	-¥2.61B
16▲1	DaifukuDSA (Daifuku Automation Suzhou) + 1 more	¥78.5B	1.0%	—	+13.7%	¥53.9B
17▲1	UshioIndustrial Processes	¥77.1B	1.0%	8.4%	—	¥8.7B
18▲3	Micronics JapanProbe Card Business + 1 more	¥70.2B	0.9%	28.4%	+15.1%	-¥6.47B
19▲5	TotoAdvanced Ceramics business	¥67.4B	0.8%	42.9%	—	¥28.1B
20▼4	Nomura Micro ScienceJapan + 4 more	¥56.2B	0.7%	11.9%	+15.2%	¥2.97B
21▲2	Japan MaterialElectronics related	¥56B	0.7%	27.9%	+11.3%	¥8.88B
22▲3	TocaloThermal spray processing(Non-consolidated) + 1 more	¥53B	0.7%	25.9%	+8.1%	-¥2.17B
23▼1	TowaSemiconductor equipment + 1 more	¥51.9B	0.7%	12.5%	+1.5%	¥51.4M
24▲2	V TechnologyFPD equipment business + 1 more	¥51.6B	0.6%	7.5%	+0.3%	¥4.66B
25▼5	JeolIndustrial Equipment	¥48.1B	0.6%	40.2%	+9.1%	¥905M
26▲1	PillarElectronics Components	¥39.4B	0.5%	23.0%	+6.7%	¥8.17B
27▲1	ShibuyaMECHATRONICS DIV.	¥37.8B	0.5%	6.2%	+5.9%	¥2.09B
28▲4	HirataSemiconductor-related production equipment	¥36.1B	0.5%	6.7%	+14.6%	¥12.8B
29	TazmoProcess Equipment Business + 1 more	¥34.2B	0.4%	13.7%	+13.8%	¥7.93B
30▲1	Optorun	¥33.9B	0.4%	9.8%	+2.3%	¥7.54B
31▼1	DaihenFactory Automation	¥32.9B	0.4%	6.0%	—	-¥8.22B
32▲8	RS TechnologiesSemiconductor equipment and materials	¥30.2B	0.4%	5.4%	+37.5%	¥7.17B
33▲3	Japan Electronic MaterialsSemiconductor testing device related	¥29.1B	0.4%	31.4%	+5.7%	¥2.24B
34▼1	Sinfonia TechnologyClean Transport System	¥28B	0.4%	17.1%	+4.4%	¥5.47B
35▼1	Yamaichi ElectronicsTest solution business	¥26.4B	0.3%	26.5%	+6.3%	¥7.47B
36▲2	Gltechno HoldingsSemiconductor	¥23.7B	0.3%	19.8%	+11.0%	-¥312.5M
37▲4	EnplasSemiconductor Peripherals Business	¥23.6B	0.3%	21.1%	+10.4%	-¥99M
38▼1	Obara GroupPlane polishing apparatus related	¥22.9B	0.3%	18.4%	+5.1%	¥1.51B
39▲9	Hamamatsu PhotonicsLaser	¥22.3B	0.3%	-19.6%	—	¥562M
40▼5	A&D HOLON HoldingsSemiconductor-related business + 2 more	¥22.2B	0.3%	32.6%	+21.6%	¥2.85B
41▲3	AimechatecSemiconductor-related business + 2 more	¥21B	0.3%	17.5%	+6.9%	¥462.6M
42▲1	YokowoCircuit Testing Connectors (CTC)	¥19.6B	0.2%	14.9%	—	¥777M
43▲2	InnotechTest Solution Business	¥18.5B	0.2%	6.5%	+6.3%	¥2.62B
44▲3	Eagle Industrysemiconductor industry	¥16.5B	0.2%	-7.1%	+7.8%	¥13.3B
45▼6	J.E.T.	¥14.7B	0.2%	-10.2%	-14.1%	¥2.68B
46	Okamoto Machine Tool WorksSemiconductor Equipment	¥13.6B	0.2%	20.2%	—	-¥901M
47▲7	Helios Techno HoldingManufacturing Equipment Business	¥11.5B	0.1%	18.1%	+15.3%	¥1.1B
48▲1	Adtec Plasma TechnologyRelated business of semiconductor and LCD	¥11.3B	0.1%	15.0%	+13.8%	¥3.08B
49▲1	Y.A.C. HoldingsSemiconductor and Mechatronics	¥10.5B	0.1%	13.7%	—	¥2.54B
50▲2	Oxide	¥10B	0.1%	5.4%	—	¥2.17B

Showing the top 50. See all 77 in the list below

* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.

How they make money differently

Where each company's ¥100 of sales goes, and how much it keeps (company-wide).

Cost of sales
SG&A
Operating profit

Lasertec
41
10
49
Advantest
36
20
44
Disco
30
28
42
Tokyo Electron
55
20
25
Japan Material
66
9
25
Rorze
59
17
24
Tocalo
61
15
24
Micronics Japan
52
25
23
SCREEN Holdings
62
18
20
Tokyo Seimitsu
59
21
20
Kokusai Electric
59
23
18
Shibaura Mechatronics
61
22
17
Horiba
56
28
16
Daifuku
76
9
15
NGK
71
15
14
Kurita Water Industries
62
24
14
Jeol
54
32
14
Towa
66
21
13
Ebara
67
21
12
Nomura Micro Science
77
11
12
Ulvac
68
21
11
Ferrotec
72
19
9
Ushio
63
30
7
Toto
65
28
7
V Technology
72
21
7

Showing the 25 largest companies by revenue.

Ownership links

From the major-shareholder section of annual securities reports.

㈱ＮＦＫホールディングスOutside
- SubsidiaryCastrico52.1%
ＮＯＫ株式会社Outside
- AffiliateEagle Industry32.0%
三井物産株式会社Outside
- AffiliateOkamoto Machine Tool Works30.0%
フューチャー株式会社Outside
- AffiliateFuture Innovation Group23.7%
西華産業株式会社Outside
- AffiliateFenwal Controls of Japan23.3%
UlvacIn industry
- AffiliateShowa Shinku21.3%
OptorunIn industry
- StakeAimechatec17.6%
東京応化工業株式会社Outside
- StakeAimechatec17.6%
コクヨ株式会社Outside
- StakeTakano14.1%
NikonIn industry
- StakeAvaldata11.1%
北興化学工業株式会社Outside
- StakeNomura Micro Science11.0%
極東貿易株式会社Outside
- StakeNireco6.6%
関西電力株式会社Outside
- StakeDaihen6.2%
日本製鉄株式会社Outside
- StakeYokogawa Bridge Holdings5.0%
SMC株式会社Outside
- StakeHirata4.9%
丸文㈱Outside
- StakeCastrico4.5%
株式会社島津製作所Outside
- StakeGltechno Holdings4.5%
横河電機株式会社Outside
- StakeYokogawa Bridge Holdings4.2%
株式会社群馬銀行(常任代理人株式会社日本カストディ銀行)Outside
- StakeYokowo4.2%
株式会社神戸製鋼所Outside
- StakeShinagawa Refra3.9%
ダイキン工業㈱Outside
- StakeSinfonia Technology3.6%
株式会社ＴＢＳホールディングスOutside
- StakeTokyo Electron3.3%

The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.

Compare the leaders side by side

All companies in Semiconductor Equipment (by revenue)

All 78 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.

Tokyo Electron¥2.44T · 25.6%
Advantest¥1.13T · 46.7%
SCREEN Holdings¥540.3B · 24.4%
Disco¥436.9B · 42.3%
Ebara¥342.3B · 16.9%
Kokusai Electric¥235.1B · 17.8%
Lasertec¥230.5B · 45.7%
Ulvac¥210.8B · 7.2%
NGK¥205.4B · 13.7%
Nikon¥202B · 0.8%
Ferrotec¥185.1B · 8.7%
Kurita Water Industries¥171.8B · 16.7%
Horiba¥156.5B · 28.4%
Tokyo Seimitsu¥127.9B · 22.2%
Rorze¥127.6B · 25.1%
Shibaura Mechatronics¥83.6B · 19.0%
Daifuku¥78.5B
Ushio¥77.1B · 8.4%
Micronics Japan¥70.2B · 28.4%
Toto¥67.4B · 42.9%
Nomura Micro Science¥56.2B · 11.9%
Japan Material¥56B · 27.9%
Tocalo¥53B · 25.9%
Towa¥51.9B · 12.5%
V Technology¥51.6B · 7.5%
Jeol¥48.1B · 40.2%
Pillar¥39.4B · 23.0%
Shibuya¥39B · 4.6%
Hirata¥36.1B · 6.7%
Aimechatec¥35.2B · 21.8%
Tazmo¥34.2B · 13.7%
Optorun¥33.9B · 9.8%
Daihen¥32.9B · 6.0%
RS Technologies¥30.2B · 5.4%
Japan Electronic Materials¥29.1B · 31.4%
Sinfonia Technology¥28B · 17.1%
Yamaichi Electronics¥26.4B · 26.5%
Gltechno Holdings¥23.7B · 19.8%
Enplas¥23.6B · 21.1%
Obara Group¥22.9B · 18.4%
Hamamatsu Photonics¥22.3B · -19.6%
A&D HOLON Holdings¥22.2B · 32.6%
Yokowo¥19.6B · 14.9%
Innotech¥18.5B · 6.5%
Eagle Industry¥16.5B · -7.1%
J.E.T.¥14.7B · -10.2%
Okamoto Machine Tool Works¥13.6B · 20.2%
Helios Techno Holding¥11.5B · 18.1%
Adtec Plasma Technology¥11.3B · 15.0%
Y.A.C. Holdings¥10.5B · 13.7%
Oxide¥10B · 5.4%
Samco¥9.34B · 25.1%
Showa Shinku¥9.32B · 23.5%
TMH¥8.63B · 4.1%
Marumae¥7.71B · 23.6%
Takatori¥6.93B · 13.8%
Takano¥6.33B · 3.7%
Avaldata¥5.71B · 10.5%
Asahi Kogyosha¥5.68B · -1.8%
Tesec¥5.57B · 5.4%
Naigai Tec¥4.62B · 12.0%
Daitron¥4.44B · 27.1%
Yokogawa Bridge Holdings¥4.28B · 10.2%
Shinagawa Refra¥4.1B · -2.8%
Future Innovation Group¥4.04B · 10.2%
Qualtec¥3.75B · 32.4%
Castrico¥3.61B · 3.4%
Shikino High-Tech¥3.06B · -5.9%
Inter Action¥2.95B · 45.6%
Nireco¥2.85B · 35.9%
Techno Alpha¥2.6B · 11.0%
inspec¥2.48B · 4.4%
Fenwal Controls of Japan¥2.11B · 16.8%
Kitagawa¥1.78B · 7.8%
Takaoka Toko¥1.67B · 5.8%
Suzuden¥448.1M · -3.4%
Wintest¥429.1M · -284.0%
Nakamura Choukou¥230.9M · -48.5%

Revenue · Op. margin

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