On June 24, Tokyo Electron fell 4.93% in regular trading, trading at $217.065/share, with turnover of $7.99 million. The decline follows reports that Japan's five major semiconductor equipment makers posted their first-ever year-over-year decline in combined China sales.
According to financial disclosures, Tokyo Electron, Advantest, Screen Holdings, Disco, and Kokusai Electric reported combined China sales of 1.47 trillion yen (approximately $9.11 billion) for the fiscal year ended March 31, representing a 12% decline from the prior fiscal year. Tokyo Electron's China revenue share dropped to 27% in the January-March quarter, down 7 percentage points year-over-year and sharply lower than the 50% level seen in the April-June quarter of 2024.
Front-end process equipment makers were hit hardest, with Tokyo Electron, Screen Holdings, and Kokusai seeing combined China sales decline nearly 20%. The downturn reflects China's accelerating semiconductor equipment localization push, with domestic production rates rising from 10% in 2021 to 21% last year. Western peers including ASML, Applied Materials, and KLA also face similar headwinds in China as Beijing mandates domestic chip makers prioritize locally made equipment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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