【東京エレクトロン】営業利益-10.4%減益なのに、上期予想は+42%増益？シェア91%のコア独占企業！AI半導体時代の本命を【元機関投資家が分析】

Former institutional investor Ryosuke Izumida provides a professional analysis of Tokyo Electron's (8035) financial results for the fiscal year ending March 2026. Despite a 10.4% decrease in operating profit, the company boasts a bullish outlook with a projected 42% increase in profits for the first half of the new fiscal year. This analysis thoroughly examines the company's dominant 91% global market share as a coater-developer, and whether the AI ​​semiconductor boom will transcend a mere "cycle" and become a "trend." 00:00 Opening - What is Tokyo Electron? 01:36 What is the coating and developing equipment with a 91% market share (the core of the core)? 03:22 10-year stock price trend - AI semiconductor boom 04:41 FY2026 March financial results (details of the -10.4% decrease in operating profit) 06:02 FY2027 March first half forecast (bullish forecast of +42% profit increase) 08:11 Double ordering risk and the company's cautious stance 09:35 METI document - monopolistic structure with an 85% market share in coater development 11:21 Limits of market share expansion through M&A (antitrust law, ASML) 15:46 2027 growth drivers (coater development +50%, etching +25%, ad package +60%) 17:12 Sales composition by application (non-memory, logic) 17:57 Sales by region (China, South Korea, Taiwan) 19:20 Is the AI ​​Capital Investment Boom a Cycle or a Trend? 26:23 Summary: How to Distinguish Between Cycles and Trends Learn the Essence of Stock Investment and Asset Management with Izumidaism. Former institutional investor Ryosuke Izumida thoroughly explains the concepts of company analysis and valuation (fair stock price) for Japanese and US stocks necessary in the new NISA era. Ryosuke Izumida's new channel, "Izumidaism," is launching! Hello, I'm Ryosuke Izumida. This channel is where I, with my experience as a former institutional investor and securities analyst, explain "professional company analysis" and "economic news" in an easy-to-understand way for individual investors. ▼What you can learn from this channel Instead of short-term information like "buy this stock and you'll make money," which is abundant in the market, we deliver content that cultivates a fundamental "eye for companies." Professional Corporate Analysis: Unraveling the "True Value of a Company" Behind Financial Statements and News Valuation (Pricing): Is the Stock Price Undervalued? Overvalued? Explaining the Logic of Institutional Investors ■Ryosuke Izumida Profile Securities Analyst After graduating from Keio University's Faculty of Commerce, he worked as a portfolio manager and securities analyst for foreign and Japanese stocks at Nippon Life Insurance and Fidelity Investments. He completed his Master's degree at Keio University Graduate School of System Design and Management. Certified Securities Analyst (CMA) of the Securities Analysts Association of Japan. Part-time lecturer at Tokyo University of Science Graduate School, lecturing on energy and industrial architecture. ■Books "Stock Investment Methods That Don't Require Forecasts, Known Only to Institutional Investors" https://amzn.asia/d/9ZYntIf "The Industrial Landscape Where Technology Will Reshape Everything" https://amzn.asia/d/4u3GYpI "Google vs. Toyota: Self-Driving Cars are Just the Beginning" https://amzn.asia/d/3E1vHv6 "What Will Happen to Banks?" https://amzn.asia/d/fw4fYhB "Japan's Electronics Industry: What Will Determine Success or Failure?" https://amzn.asia/d/gGnQe7m *The information on this channel is provided for informational purposes only, representing the personal views of an analyst. It does not endorse any specific stocks or investment methods. Investment is at your own risk. #NISA #Investment #JapaneseStocks