Flash | 02 Jul 2026 09:12:48 ET │ 10 pages JX Advanced Metals (5016.T) Implications — The news reconfirms that there is strong demand for InP substrates. As we have previously reported, JXAM currently sees demand at c2x production capacity and seemingly expects it to reach approximately 4x-5x current levels by 2029-2030 (approximately 8x-10x current production capacity), even conservatively accounting for risks such as dual ordering. Requests for long-term contracts appear strong, coming from the customer s ...