■Future outlook for Fujibo Holdings＜3104＞

3. Prospects for capital investment

The capital investment plan for the fiscal year ending 2025/3 anticipates a double investment of 6220 million yen (92.0% increase from the previous fiscal year) for the previous fiscal year. In the abrasives business, we are strengthening investment in research and development as medium- to long-term growth investments. Investment themes include the construction of a new technology development building that integrates domestic technology development functions and the construction of Taiwan laboratory facilities. In the chemical industrial products business, orders for functional materials are expected to expand over the medium to long term, so investments related to ancillary equipment for new plant construction have begun.

4. Prospects for R&D investment in the abrasives business

The miniaturization of semiconductors is about to enter the Ongstrong era (from the 2nm generation to the 0.3nm generation) around 2030. The level of demand from customers is becoming increasingly strict, but the company's abrasive soft pads have definitely caught up. Going forward, if research and development investments to support miniaturization can continue to be carried out, the company sees “the future is bright” for the abrasives business.

(Written by FISCO Visiting Analyst Keiji Shimizu)