In the midst of Japan’s efforts to regain its position in the global semiconductor industry, Tokyo-based Disco has emerged as a standout performer. The company, known for its equipment used in the manufacturing of semiconductor chips, has seen a substantial increase in its stock value. As a result, the Sekiya family, who holds a minority stake in the company, has experienced a significant surge in their net worth, reaching $7.4 billion with a growth of nearly 150%.
Led by CEO Kazuma Sekiya, the grandson of founder Mitsuo Sekiya, Disco has reported a steady increase in net profit, reaching almost $550 million for the fiscal year ending in March 2024. Additionally, the company’s sales have grown by over 8% to nearly $2 billion compared to the previous year. A key factor contributing to Disco’s success is the favorable exchange rate, with nearly 90% of its revenue coming from overseas markets.
Despite the challenges in the semiconductor industry, Disco remains optimistic about its future prospects. The company refrains from providing long-term revenue forecasts due to the dynamic nature of demand in the industry. However, in an earnings presentation in April, Disco indicated that the demand for equipment used in the production of chips for generative AI applications and electric vehicles is expected to remain high, reflecting a positive outlook for the company.
As Japan continues to focus on rebuilding its semiconductor sector, companies like Disco play a crucial role in driving innovation and growth in the industry. With a history dating back to 1937, when it was founded to manufacture grindstones, Disco has evolved into a key player in the semiconductor equipment market. Under the leadership of Kazuma Sekiya, the company has demonstrated resilience and adaptability, positioning itself for future success.
The success of Disco and the Sekiya family reflects the broader trend of wealth creation among Japan’s richest individuals. As the semiconductor industry undergoes rapid transformations, there are ample opportunities for companies to capitalize on emerging technologies and market trends. With a global perspective and a focus on innovation, Disco has proven to be a valuable asset for investors, driving significant gains in net worth for its stakeholders.
Looking ahead, Disco’s growth trajectory remains promising, fueled by the increasing demand for semiconductor chips in key sectors such as AI and electric vehicles. As the company continues to expand its global reach and enhance its product offerings, it is well-positioned to capitalize on the evolving dynamics of the semiconductor market. With a strong foundation built on decades of experience and expertise, Disco is poised to sustain its momentum and solidify its position as a leading player in the semiconductor equipment industry.
