September 25, 2026 06:30 AM GMT Semiconductor Production Equipment | Japan Investment Strategy for 2H F3/27 We maintain our Attractive industry view. Heading into 2H F3/27, we favor names where earnings growth visibility is likely to improve through guidance updates and reported results. Key Takeaways Since July, valuations of SPE-related stocks have corrected sharply despite continued strength in fundamentals. At the same time, we believe consensus EPS forecasts still do not fully reflect the favorable ope ...