6626 Socionext explanation
- Prime Market
- Nikkei225
- Fujitsu and Panasonic’s logic semiconductor divisions merge
- Semiconductor fabless manufacturer (fabless company…does not have its own factory and specializes only in design)
- Japan’s first commercialized 5 nanometer semiconductor
- Manufacturing is outsourced to TSMC
- SoC development, main customers are overseas companies such as America and China
- In a sense, it is a labor-intensive business.
- In July 2023, major shareholders Fujitsu, Panasonic HD, and Development Bank of Japan sold their 37.5% shares, causing a sharp drop in stock prices.
Fiscal period
Mar.
6626 Socionext
Fiscal year ending March 2024 Sales: Sales: 221.2 billion yen (+14.8%) Operating income: 35.5 billion yen (+63.6%) Ordinary income: 37.1 billion yen (+58.4%)
