{"slug":"hitachi-hightech","name":"히타치 하이테크","name_en":"Hitachi High-Tech","ticker":"8036.T","updated_at":"2026-07-12T06:14:39.046+00:00","canonical":"https://valuechain.wiki/hitachi-hightech","same_as":["https://finance.yahoo.com/quote/8036.T"],"citable":"밸류체인 그래프 기준 히타치 하이테크의 직접 연결 기업은 4곳(관계 기준 공급 0·매출 3·투자 1)이고, 사슬을 2차까지 넓히면 32곳에 닿는다. 링크의 근거 출처는 6건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Hitachi High-Tech is directly linked to 4 companies (0 supply, 3 revenue, 1 investment relationships) and reaches 32 companies within two hops; the links are backed by 6 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"히타치 계열 · 반도체 장비 · 식각·계측(CD-SEM)","kicker_en":"Hitachi group · Semi equipment · Etch & metrology (CD-SEM)","lead":"플라즈마 식각과 계측(CD-SEM) 등 반도체 전공정 장비를 만드는 히타치 계열사로, 도쿄일렉트론·램리서치·KLA와 겨루는 일본 장비 축이다. 첨단 3D 소자용 등방성 식각과 계측 장비를 삼성전자·SK하이닉스·TSMC에 공급하는데, 미세화와 고단 적층이 진행될수록 식각·계측 스텝 수가 늘어나는 구조라 첨단공정 전환이 곧 수요다. 관전점은 파운드리·메모리의 첨단공정 capex 사이클과 일본 장비의 점유 방어다.","lead_en":"A Hitachi-group maker of front-end semiconductor equipment — plasma etch and metrology (CD-SEM) — competing with Tokyo Electron, Lam Research and KLA as a Japanese tools axis. It supplies isotropic etch and metrology for advanced 3D devices to Samsung, SK hynix and TSMC, and as scaling and high-layer stacking advance, the number of etch/metrology steps rises — so the advanced-node transition is the demand. Watch the advanced-process capex cycle at foundries and memory, and Japanese tools' share defense.","segments":{"fy":2025,"parts":[{"desc":"플라즈마 식각·CD-SEM 계측. 미세화·고단 적층이 스텝 수를 늘려 수요를 확대.","name":"식각·계측 장비"}],"total":"식각·계측 장비 (히타치 FY2025: 계측·분석 +9%, SPE 증가로 수익성 개선; 비상장 자회사)","source":"https://www.hitachi-hightech.com/global/en/company/financial-info/","private":true},"segments_en":{"fy":2025,"parts":[{"name":"Etch and metrology equipment"}],"total":"Etch & metrology equipment (Hitachi FY2025: Measurement & Analysis +9%, profitability up on SPE; non-public subsidiary)","private":true},"returns_yearly":null,"return_asof":null,"value_chain":{"leading":[{"slug":"dell","name":"Dell","name_en":"Dell Technologies","tier":3,"returns_yearly":{"2021":51.2,"2022":-26.6,"2023":95.9,"2024":53,"2025":11.2,"2026":248.1}},{"slug":"seagate","name":"Seagate","name_en":"Seagate 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Electronics","tier":1,"returns_yearly":{"2021":-9,"2022":-14.2,"2023":20.9,"2024":-26.4,"2025":212.9,"2026":77.9}},{"slug":"tsmc","name":"TSMC","name_en":"TSMC","tier":1,"returns_yearly":{"2021":12.1,"2022":-36.7,"2023":42.3,"2024":92.6,"2025":55.9,"2026":43.6}}],"benefiting":[{"slug":"hitachi","name":"히타치","name_en":"Hitachi","tier":1,"returns_yearly":{"2021":40.6,"2022":16.7,"2023":75.4,"2024":71.1,"2025":37.5,"2026":-11.8}},{"slug":"hitachi-construction-machinery","name":"히타치건설기계","name_en":"Hitachi Construction Machinery","tier":2,"returns_yearly":{"2021":-3.3,"2022":9.6,"2023":44.5,"2024":-9,"2025":41.3,"2026":5.8}}],"analysis":"히타치 하이테크의 논점은 '첨단공정 전환의 후행 장비 수혜'다. 식각·계측은 미세화와 3D 고단 적층이 진행될수록 스텝 수가 늘어 장비당 수요가 커지는데, 고객(삼성·SK하이닉스·TSMC)의 첨단공정 capex가 결정된 뒤 장비 발주가 뒤따르는 후행 구조다. 도쿄일렉트론·램리서치와 겨루는 일본 장비 축으로 등방성 식각 등 선단 공정에 특화하지만, 2020년 히타치가 100% 자회사로 비상장화해 지배구조상 그룹 전략에 종속된다. 리스크는 첨단 capex 사이클과 미·중 장비 규제. 그래프 파급: 삼성·SK하이닉스·TSMC 첨단공정 투자가 수요를 끌고, 모회사 히타치가 지배구조 상류.","analysis_en":"Hitachi High-Tech's thesis is lagging-equipment leverage on the advanced-process transition. Etch and metrology gain steps as scaling and 3D stacking advance, growing per-tool demand, but orders follow after customers (Samsung, SK hynix, TSMC) commit advanced-process capex — a lagging structure. It is a Japanese tools axis competing with Tokyo Electron and Lam, specialized in leading-edge steps like isotropic etch, but Hitachi took it fully private in 2020, subordinating it to group strategy. Risks are the advanced-capex cycle and US-China equipment controls. Graph propagation: advanced-process investment at Samsung, SK hynix and TSMC pulls demand, with parent Hitachi as governance upstream.","analysis_asof":"2026-06-23"},"edges":[{"direction":"revenue","counterparty":"삼성전자","counterparty_slug":"samsung-electronics","confidence":"high","metric":{"fy":2025,"driver":"spe_sales_growth","segment":"measurement_analysis","yoy_pct":9,"nonpublic":true},"note":"삼성전자에 식각·계측 장비를 공급 — 메모리·파운드리 첨단공정 capex가 장비 발주로 이어지는 후행 수혜.","note_en":"Supplies etch/metrology tools to Samsung — advanced memory/foundry capex flows into tool orders as a lagging benefit.","sources":[{"stance":"mentions","publisher":"MarketScreener","publisher_en":"MarketScreener","kind":"research","lang":"en","published_at":"2026-06-01","url":"https://www.marketscreener.com/quote/stock/HITACHI-LTD-6492153/consensus/","title":"히타치(6501) 컨센서스 — 히타치 하이테크는 완전자회사(비상장)라 모회사 커버리지로 대리","title_en":"Hitachi (6501) analyst consensus — Hitachi High-Tech is a wholly owned (non-public) subsidiary, proxied via parent coverage","excerpt":"비상장 자회사라 직접 애널리스트 커버리지가 없어 모회사 히타치(6501) 컨센서스로 대리 — 반도체 장비(계측·분석) 성장이 그룹 실적 기여.","excerpt_en":"Being a non-public subsidiary with no direct analyst coverage, it is proxied via parent Hitachi (6501) consensus — semiconductor-equipment (measurement & analysis) growth contributes to group results."},{"stance":"confirms","publisher":"히타치","publisher_en":"Hitachi","kind":"filing","lang":"en","published_at":"2026-04-27","url":"https://www.hitachi.com/content/dam/hitachi/global/en/press/files/2026/04/260427/2025_An.pdf","title":"히타치 FY2025(2026.3 종료) 연결결산 — 계측·분석(반도체 장비 포함)","title_en":"Hitachi FY2025 consolidated results (ended Mar 2026) — Measurement & Analysis incl. semiconductor equipment","excerpt":"히타치 FY2025(2026.3) 결산: 계측·분석 사업(반도체 제조장비 포함) 매출 +9%, SPE 판매 증가로 수익성 개선. 히타치 하이테크는 히타치 100% 자회사(비상장)라 부문 실적은 모회사 공시로만 확인되고 개별 고객 매출은 미공개.","excerpt_en":"Hitachi FY2025 (ended Mar 2026): Measurement & Analysis (incl. semiconductor manufacturing equipment) revenue +9%, profitability improved on higher SPE sales. Hitachi High-Tech is a wholly owned (non-public) Hitachi subsidiary, so segment results are only visible via parent disclosure and per-customer revenue is not disclosed."},{"stance":"confirms","publisher":"디지털투데이","publisher_en":"Digital Today","kind":"news","lang":"ko","published_at":"2025-06-01","url":"https://www.digitaltoday.co.kr/news/articleView.html?idxno=610284","title":"HBM4 시대 일본 소부장 의존 심화","title_en":"Deepening reliance on Japanese suppliers in the HBM4 era","excerpt":"HBM4 시대 일본 소부장 의존 심화","excerpt_en":"Deepening reliance on Japanese suppliers in the HBM4 era"},{"stance":"confirms","publisher":"히타치 하이테크","publisher_en":"Hitachi High-Tech","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.hitachi-hightech.com/global/en/company/financial-info/","title":"Hitachi High-Tech 재무정보","title_en":"Hitachi High-Tech financials","excerpt":"삼성전자에 식각·계측 장비 공급.","excerpt_en":"Supplies etch and metrology equipment to Samsung Electronics."},{"stance":"confirms","publisher":"히타치","publisher_en":"Hitachi","kind":"news","lang":"en","published_at":"2024-11-27","url":"https://www.hitachi.com/New/cnews/month/2024/11/241127a.html","title":"Hitachi High-Tech DCR 식각 시스템","title_en":"Hitachi High-Tech DCR etch system","excerpt":"삼성전자에 식각·계측 장비 공급.","excerpt_en":"Supplies etch and metrology equipment to Samsung Electronics."}]},{"direction":"investor","counterparty":"Hitachi (모회사)","counterparty_slug":"hitachi","confidence":"high","metric":null,"note":"히타치가 2020년 히타치 하이테크를 100% 자회사로 비상장화.","note_en":"Hitachi took Hitachi High-Tech private as a wholly owned subsidiary in 2020.","sources":[{"stance":"confirms","publisher":"Hitachi High-Tech","publisher_en":"Hitachi High-Tech","kind":"ir","lang":"en","published_at":"2026-01-01","url":"https://www.hitachi-hightech.com/global/en/company/group/","title":"히타치 하이테크, 히타치 완전자회사(2020)","title_en":"Hitachi High-Tech, wholly owned by Hitachi (2020)","excerpt":"히타치가 2020년 히타치 하이테크를 100% 자회사로 비상장화.","excerpt_en":"Hitachi took Hitachi High-Tech private as a wholly owned subsidiary in 2020."}]},{"direction":"revenue","counterparty":"SK하이닉스","counterparty_slug":"sk-hynix","confidence":"mid","metric":{"fy":2025,"driver":"spe_sales_growth","segment":"measurement_analysis","yoy_pct":9,"nonpublic":true},"note":"SK하이닉스에 식각·계측 장비를 공급 — HBM·D램 첨단공정이 식각·계측 스텝을 늘리는 대표 수요처.","note_en":"Supplies etch/metrology tools to SK hynix — advanced HBM/DRAM processes add etch/metrology steps, a key demand source.","sources":[{"stance":"confirms","publisher":"히타치","publisher_en":"Hitachi","kind":"filing","lang":"en","published_at":"2026-04-27","url":"https://www.hitachi.com/content/dam/hitachi/global/en/press/files/2026/04/260427/2025_An.pdf","title":"히타치 FY2025(2026.3 종료) 연결결산 — 계측·분석(반도체 장비 포함)","title_en":"Hitachi FY2025 consolidated results (ended Mar 2026) — Measurement & Analysis incl. semiconductor equipment","excerpt":"히타치 FY2025(2026.3) 결산: 계측·분석 사업(반도체 제조장비 포함) 매출 +9%, SPE 판매 증가로 수익성 개선. 히타치 하이테크는 히타치 100% 자회사(비상장)라 부문 실적은 모회사 공시로만 확인되고 개별 고객 매출은 미공개.","excerpt_en":"Hitachi FY2025 (ended Mar 2026): Measurement & Analysis (incl. semiconductor manufacturing equipment) revenue +9%, profitability improved on higher SPE sales. Hitachi High-Tech is a wholly owned (non-public) Hitachi subsidiary, so segment results are only visible via parent disclosure and per-customer revenue is not disclosed."},{"stance":"confirms","publisher":"히타치 하이테크","publisher_en":"Hitachi High-Tech","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.hitachi-hightech.com/global/en/company/financial-info/","title":"Hitachi High-Tech 재무정보","title_en":"Hitachi High-Tech financials","excerpt":"SK하이닉스에 식각·계측 장비 공급.","excerpt_en":"Supplies etch and metrology equipment to SK hynix."},{"stance":"confirms","publisher":"히타치","publisher_en":"Hitachi","kind":"news","lang":"en","published_at":"2024-11-27","url":"https://www.hitachi.com/New/cnews/month/2024/11/241127a.html","title":"Hitachi High-Tech DCR 식각 시스템","title_en":"Hitachi High-Tech DCR etch system","excerpt":"SK하이닉스에 식각·계측 장비 공급.","excerpt_en":"Supplies etch and metrology equipment to SK hynix."}]},{"direction":"revenue","counterparty":"TSMC","counterparty_slug":"tsmc","confidence":"mid","metric":{"fy":2025,"driver":"spe_sales_growth","segment":"measurement_analysis","yoy_pct":9,"nonpublic":true},"note":"TSMC에 식각·계측 장비를 공급 — 로직 미세화가 계측·등방성 식각 수요를 끄는 선단공정 고객.","note_en":"Supplies etch/metrology tools to TSMC — logic scaling pulls metrology and isotropic-etch demand at the leading edge.","sources":[{"stance":"confirms","publisher":"히타치","publisher_en":"Hitachi","kind":"filing","lang":"en","published_at":"2026-04-27","url":"https://www.hitachi.com/content/dam/hitachi/global/en/press/files/2026/04/260427/2025_An.pdf","title":"히타치 FY2025(2026.3 종료) 연결결산 — 계측·분석(반도체 장비 포함)","title_en":"Hitachi FY2025 consolidated results (ended Mar 2026) — Measurement & Analysis incl. semiconductor equipment","excerpt":"히타치 FY2025(2026.3) 결산: 계측·분석 사업(반도체 제조장비 포함) 매출 +9%, SPE 판매 증가로 수익성 개선. 히타치 하이테크는 히타치 100% 자회사(비상장)라 부문 실적은 모회사 공시로만 확인되고 개별 고객 매출은 미공개.","excerpt_en":"Hitachi FY2025 (ended Mar 2026): Measurement & Analysis (incl. semiconductor manufacturing equipment) revenue +9%, profitability improved on higher SPE sales. Hitachi High-Tech is a wholly owned (non-public) Hitachi subsidiary, so segment results are only visible via parent disclosure and per-customer revenue is not disclosed."},{"stance":"confirms","publisher":"히타치 하이테크","publisher_en":"Hitachi High-Tech","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.hitachi-hightech.com/global/en/company/financial-info/","title":"Hitachi High-Tech 재무정보","title_en":"Hitachi High-Tech financials","excerpt":"TSMC에 식각·계측 장비 공급.","excerpt_en":"Supplies etch and metrology equipment to TSMC."},{"stance":"confirms","publisher":"히타치","publisher_en":"Hitachi","kind":"news","lang":"en","published_at":"2024-11-27","url":"https://www.hitachi.com/New/cnews/month/2024/11/241127a.html","title":"Hitachi High-Tech DCR 식각 시스템","title_en":"Hitachi High-Tech DCR etch system","excerpt":"TSMC에 식각·계측 장비 공급.","excerpt_en":"Supplies etch and metrology equipment to TSMC."}]},{"direction":"cost","counterparty":"부품·소재·R&D (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"제조용 부품·소재·R&D(비공개).","note_en":"Parts, materials and R&D (undisclosed).","sources":[{"stance":"confirms","publisher":"히타치 하이테크","publisher_en":"Hitachi High-Tech","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.hitachi-hightech.com/global/en/company/financial-info/","title":"Hitachi High-Tech 재무정보","title_en":"Hitachi High-Tech financials","excerpt":"제조용 부품·소재·R&D(비공개).","excerpt_en":"Parts, materials and R&D (undisclosed)."}]},{"direction":"cost","counterparty":"설비·인프라 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"설비·인프라 투자(비공개).","note_en":"Equipment and infrastructure (undisclosed).","sources":[{"stance":"confirms","publisher":"히타치 하이테크","publisher_en":"Hitachi High-Tech","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.hitachi-hightech.com/global/en/company/financial-info/","title":"Hitachi High-Tech 재무정보","title_en":"Hitachi High-Tech financials","excerpt":"설비·인프라 투자(비공개).","excerpt_en":"Equipment and infrastructure (undisclosed)."}]}]}