June 10, 2026 09:01 AM GMT ZEON(4205) | Japan M Update Briefing on Progress of Medium- term Plan: Strong Message that Company Is on Track to Beat Targets Also introduces new materials for AI chip-related applications: On June 10, Zeon held a briefing to discuss the progress toward Phase 3 of its Medium-term Business Plan for F3/26-F3/29 that was announced in June 2025, with presentations from company CEO Tetsuya Toyoshima, CFO Kazuyoshi Matsuura, and CTO Yuichiro Konishi. The OP target set for F3/27, the fi ...

June 10, 2026 06:30 AM GMT Sumitomo Bakelite (4203) | Japan Expect Guidance Beat | What's Changed | | | | --- | --- | --- | | Sumitomo Bakelite (4203.T) | From | To | | Price Target | ¥6,600 | ¥8,000 | Sales of semis encapsulants to Taiwan currently look strong. Key Takeaways Raise PT to ¥8,000, stay OW: We previously derived our target PT for Sumitomo Bakelite using 10yr avg. P/E for semis back-end process materials makers of 15.5x (based on 1yr-fwd. consensus ests). However, we now think the cycle peak is ...

June 10, 2026 06:30 AM GMT Tokyo Ohka Kogyo (4186) | Japan Focus on Raw Material Price Trends & Share Price Level | What's Changed | | | | --- | --- | --- | | Tokyo Ohka Kogyo (4186.T) | From | To | | Price Target | ¥7,900 | ¥9,400 | TOK is likely to feel the brunt of high raw material prices in F12/26 2Q, but we still expect it to beat full-year targets. Key Takeaways Raise PT to ¥9,400, stay EW: Raising our F12/27e EPS from ¥339.5 to ¥397.9, we lift our price target from ¥7,900 to ¥9,400. Our target P/E o ...