{"slug":"kokusai-electric","name":"Kokusai Electric","name_en":"Kokusai Electric","ticker":"6525.T","updated_at":"2026-07-12T05:22:00.755+00:00","canonical":"https://valuechain.wiki/kokusai-electric","same_as":["https://finance.yahoo.com/quote/6525.T"],"citable":"밸류체인 그래프 기준 Kokusai Electric의 직접 연결 기업은 3곳(관계 기준 공급 0·매출 3)이고, 사슬을 2차까지 넓히면 11곳에 닿는다. 링크의 근거 출처는 4건이며 그중 1차공시가 2건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Kokusai Electric is directly linked to 3 companies (0 supply, 3 revenue relationships) and reaches 11 companies within two hops; the links are backed by 4 dated sources, 2 of them primary filings (as of 2026-07-12).","kicker":"닛케이 · 반도체 장비 · 배치 ALD 세계 1위","kicker_en":"Nikkei · Semi equipment · World No.1 batch ALD","lead":"배치(다매엽) 원자층증착(ALD) 장비 세계 1위(점유 ~70%, 배치 증착 합산 ~46%). 옛 히타치국제전기 반도체부문에서 분리, KKR 보유 후 2023년 상장. GAA·3D D램·3D 낸드 등 첨단 노드 증착에 핵심. 삼성·SK·마이크론·TSMC 등이 고객.","lead_en":"World #1 in batch atomic-layer deposition (ALD), ~70% share (~46% across batch deposition). Spun from Hitachi Kokusai’s semiconductor unit, held by KKR, IPO’d 2023. Key for GAA, 3D DRAM and 3D NAND deposition. Customers include Samsung, SK Hynix, Micron and TSMC.","segments":{"parts":[{"desc":"다매엽 원자층증착(ALD) 세계 1위(~70%). GAA·3D D램·3D 낸드 첨단 노드 증착의 핵심.","name":"배치 ALD"},{"desc":"배치 CVD·산화·확산 장비 — 증착 포트폴리오의 확장 축.","name":"배치 CVD·산화·확산"}],"total":"배치 ALD 세계 1위(~80%) · FY2026(2026.3) 매출 2,351억엔(-1.6%)","concentration":"메모리·첨단로직 증착. 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Processing many wafers at once gives batch tools a cost and throughput edge, so as leading-edge nodes stack layers — GAA, 3D DRAM, 3D NAND — demand for uniform thin-film deposition grows, and with Samsung, SK hynix, Micron and TSMC as common customers, revenue tracks total memory and advanced-logic deposition investment rather than any single fab. Spun from Hitachi Kokusai's semiconductor unit, held by KKR and IPO'd in 2023, it has a portfolio concentrated purely on deposition. Risks are heavy exposure to the memory capex cycle, which swings in downturns, and ongoing share contests with deposition rivals like Lam and Applied.","analysis_asof":"2026-07-10"},"edges":[{"direction":"revenue","counterparty":"SK하이닉스","counterparty_slug":"sk-hynix","confidence":"high","metric":{"fy":2026,"application":"memory","revenue_yoy_pct":-1.6,"service_mix_pct":40,"dram_equip_yoy_pct":-44,"nand_equip_yoy_pct":90,"batch_ald_share_pct":80,"fy2026_revenue_jpy_bn":235.1},"note":"SK하이닉스 메모리 라인에 배치 ALD·CVD 장비 공급 — HBM용 D램 증설의 수혜.","note_en":"Supplies batch ALD/CVD tools to SK hynix's memory lines — a beneficiary of HBM DRAM expansion.","sources":[{"stance":"confirms","publisher":"KOKUSAI ELECTRIC","publisher_en":"KOKUSAI ELECTRIC","kind":"filing","lang":"en","published_at":"2026-05-13","url":"https://www.kokusai-electric.com/en/latest_report","title":"코쿠사이일렉트릭 FY2026 결산 실적(2026.3 종료)","title_en":"KOKUSAI ELECTRIC FY2026 Financial Results (ended Mar 2026)","excerpt":"FY2026(2026.3) 매출 2,351억엔(-1.6%)·조정영업이익 476억엔(마진 20.2%). 배치 ALD 장비 점유 80%. 용도별 장비매출 NAND +90%·DRAM -44%·로직파운드리 -11%. 서비스 매출 +27%(전체 40%)·중국 비중 39%. 코쿠사이는 용도·지역별로 공시하며 개별 고객 실명 매출은 미공개(고객 귀속은 업계 리서치 기반).","excerpt_en":"FY2026 (ended Mar 2026) revenue JPY 235.1bn (-1.6%), adjusted operating profit JPY 47.6bn (20.2% margin). Batch-ALD equipment share 80%. By application, equipment sales NAND +90%, DRAM -44%, logic/foundry -11%. Service revenue +27% (40% of sales), China 39% of revenue. Kokusai discloses by application/region and does not disclose named-customer revenue (customer attribution is based on industry research)."},{"stance":"confirms","publisher":"디일렉/다음","publisher_en":"TheElec/Daum","kind":"news","lang":"ko","published_at":"2025-01-01","url":"https://v.daum.net/v/3edKEYlopo","title":"유진테크-코쿠사이 배치 ALD 특허소송","title_en":"Eugene Tech vs Kokusai batch-ALD patent suit","excerpt":"SK하이닉스 메모리 라인이 코쿠사이 배치 ALD 사용.","excerpt_en":"sk-hynix memory lines use Kokusai batch ALD."},{"stance":"confirms","publisher":"SemiAnalysis","publisher_en":"SemiAnalysis","kind":"research","lang":"en","published_at":"2023-10-15","url":"https://newsletter.semianalysis.com/p/going-vertical-gate-all-around-3d","title":"Kokusai Electric IPO: 배치 ALD ~70%","title_en":"Kokusai Electric IPO: ~70% batch ALD","excerpt":"SK하이닉스 메모리 라인이 코쿠사이 배치 ALD 사용.","excerpt_en":"sk-hynix memory lines use Kokusai batch ALD."}]},{"direction":"revenue","counterparty":"삼성전자","counterparty_slug":"samsung-electronics","confidence":"high","metric":{"fy":2026,"application":"memory","revenue_yoy_pct":-1.6,"service_mix_pct":40,"dram_equip_yoy_pct":-44,"nand_equip_yoy_pct":90,"batch_ald_share_pct":80,"fy2026_revenue_jpy_bn":235.1},"note":"삼성전자 메모리·첨단로직 라인에 배치 ALD·CVD 장비 공급 — 층 적층이 늘수록 균일 증착 수요가 커지는 관계.","note_en":"Supplies batch ALD/CVD tools to Samsung's memory and advanced-logic lines — demand for uniform deposition grows as layers stack.","sources":[{"stance":"confirms","publisher":"KOKUSAI ELECTRIC","publisher_en":"KOKUSAI ELECTRIC","kind":"filing","lang":"en","published_at":"2026-05-13","url":"https://www.kokusai-electric.com/en/latest_report","title":"코쿠사이일렉트릭 FY2026 결산 실적(2026.3 종료)","title_en":"KOKUSAI ELECTRIC FY2026 Financial Results (ended Mar 2026)","excerpt":"FY2026(2026.3) 매출 2,351억엔(-1.6%)·조정영업이익 476억엔(마진 20.2%). 배치 ALD 장비 점유 80%. 용도별 장비매출 NAND +90%·DRAM -44%·로직파운드리 -11%. 서비스 매출 +27%(전체 40%)·중국 비중 39%. 코쿠사이는 용도·지역별로 공시하며 개별 고객 실명 매출은 미공개(고객 귀속은 업계 리서치 기반).","excerpt_en":"FY2026 (ended Mar 2026) revenue JPY 235.1bn (-1.6%), adjusted operating profit JPY 47.6bn (20.2% margin). Batch-ALD equipment share 80%. By application, equipment sales NAND +90%, DRAM -44%, logic/foundry -11%. Service revenue +27% (40% of sales), China 39% of revenue. Kokusai discloses by application/region and does not disclose named-customer revenue (customer attribution is based on industry research)."},{"stance":"confirms","publisher":"Kokusai/EDINET","publisher_en":"Kokusai/EDINET","kind":"filing","lang":"ja","published_at":"2025-06-25","url":"https://www.kokusai-electric.com/en/ir","title":"코쿠사이일렉트릭 IR·유가증권보고서","title_en":"Kokusai Electric IR / securities report","excerpt":"코쿠사이 유가증권보고서: 배치 ALD 매출.","excerpt_en":"Kokusai securities report: batch-ALD revenue."},{"stance":"confirms","publisher":"디일렉/다음","publisher_en":"TheElec/Daum","kind":"news","lang":"ko","published_at":"2025-01-01","url":"https://v.daum.net/v/3edKEYlopo","title":"유진테크-코쿠사이 배치 ALD 특허소송","title_en":"Eugene Tech vs Kokusai batch-ALD patent suit","excerpt":"삼성전자 메모리 라인이 코쿠사이 배치 ALD 사용.","excerpt_en":"samsung-electronics memory lines use Kokusai batch ALD."},{"stance":"confirms","publisher":"SemiAnalysis","publisher_en":"SemiAnalysis","kind":"research","lang":"en","published_at":"2023-10-15","url":"https://newsletter.semianalysis.com/p/going-vertical-gate-all-around-3d","title":"Kokusai Electric IPO: 배치 ALD ~70%","title_en":"Kokusai Electric IPO: ~70% batch ALD","excerpt":"삼성전자 메모리 라인이 코쿠사이 배치 ALD 사용.","excerpt_en":"samsung-electronics memory lines use Kokusai batch ALD."}]},{"direction":"revenue","counterparty":"파운드리·메모리 (배치 증착)","counterparty_slug":null,"confidence":"mid","metric":{"fy":2026,"batch_ald_share_pct":80,"logic_foundry_equip_yoy_pct":-11},"note":"TSMC 등 파운드리 첨단 노드 증착에 배치 ALD 공급 — 메모리 편중을 완화하는 로직 축.","note_en":"Supplies batch ALD for advanced-node deposition at foundries like TSMC — the logic axis offsetting memory concentration.","sources":[{"stance":"confirms","publisher":"KOKUSAI ELECTRIC","publisher_en":"KOKUSAI ELECTRIC","kind":"filing","lang":"en","published_at":"2026-05-13","url":"https://www.kokusai-electric.com/en/latest_report","title":"코쿠사이일렉트릭 FY2026 결산 실적(2026.3 종료)","title_en":"KOKUSAI ELECTRIC FY2026 Financial Results (ended Mar 2026)","excerpt":"FY2026(2026.3) 매출 2,351억엔(-1.6%)·조정영업이익 476억엔(마진 20.2%). 배치 ALD 장비 점유 80%. 용도별 장비매출 NAND +90%·DRAM -44%·로직파운드리 -11%. 서비스 매출 +27%(전체 40%)·중국 비중 39%. 코쿠사이는 용도·지역별로 공시하며 개별 고객 실명 매출은 미공개(고객 귀속은 업계 리서치 기반).","excerpt_en":"FY2026 (ended Mar 2026) revenue JPY 235.1bn (-1.6%), adjusted operating profit JPY 47.6bn (20.2% margin). Batch-ALD equipment share 80%. By application, equipment sales NAND +90%, DRAM -44%, logic/foundry -11%. Service revenue +27% (40% of sales), China 39% of revenue. Kokusai discloses by application/region and does not disclose named-customer revenue (customer attribution is based on industry research)."},{"stance":"confirms","publisher":"SemiAnalysis","publisher_en":"SemiAnalysis","kind":"research","lang":"en","published_at":"2023-10-15","url":"https://newsletter.semianalysis.com/p/going-vertical-gate-all-around-3d","title":"Kokusai Electric IPO: 배치 ALD ~70%","title_en":"Kokusai Electric IPO: ~70% batch ALD","excerpt":"GAA·3D D램·3D 낸드 증착에 배치 ALD 핵심.","excerpt_en":"Batch ALD key for GAA, 3D DRAM, 3D NAND."}]},{"direction":"revenue","counterparty":"Micron Technology","counterparty_slug":"micron","confidence":"mid","metric":{"fy":2026,"application":"memory","revenue_yoy_pct":-1.6,"service_mix_pct":40,"dram_equip_yoy_pct":-44,"nand_equip_yoy_pct":90,"batch_ald_share_pct":80,"fy2026_revenue_jpy_bn":235.1},"note":"마이크론 메모리 라인에 배치 ALD·CVD 장비 공급 — 3D 낸드·D램 증설의 증착 채널.","note_en":"Supplies batch ALD/CVD tools to Micron's memory lines — the deposition channel of 3D-NAND/DRAM expansion.","sources":[{"stance":"confirms","publisher":"KOKUSAI ELECTRIC","publisher_en":"KOKUSAI ELECTRIC","kind":"filing","lang":"en","published_at":"2026-05-13","url":"https://www.kokusai-electric.com/en/latest_report","title":"코쿠사이일렉트릭 FY2026 결산 실적(2026.3 종료)","title_en":"KOKUSAI ELECTRIC FY2026 Financial Results (ended Mar 2026)","excerpt":"FY2026(2026.3) 매출 2,351억엔(-1.6%)·조정영업이익 476억엔(마진 20.2%). 배치 ALD 장비 점유 80%. 용도별 장비매출 NAND +90%·DRAM -44%·로직파운드리 -11%. 서비스 매출 +27%(전체 40%)·중국 비중 39%. 코쿠사이는 용도·지역별로 공시하며 개별 고객 실명 매출은 미공개(고객 귀속은 업계 리서치 기반).","excerpt_en":"FY2026 (ended Mar 2026) revenue JPY 235.1bn (-1.6%), adjusted operating profit JPY 47.6bn (20.2% margin). Batch-ALD equipment share 80%. By application, equipment sales NAND +90%, DRAM -44%, logic/foundry -11%. Service revenue +27% (40% of sales), China 39% of revenue. Kokusai discloses by application/region and does not disclose named-customer revenue (customer attribution is based on industry research)."},{"stance":"confirms","publisher":"디일렉/다음","publisher_en":"TheElec/Daum","kind":"news","lang":"ko","published_at":"2025-01-01","url":"https://v.daum.net/v/3edKEYlopo","title":"유진테크-코쿠사이 배치 ALD 특허소송","title_en":"Eugene Tech vs Kokusai batch-ALD patent suit","excerpt":"Micron Technology 메모리 라인이 코쿠사이 배치 ALD 사용.","excerpt_en":"micron memory lines use Kokusai batch ALD."},{"stance":"confirms","publisher":"SemiAnalysis","publisher_en":"SemiAnalysis","kind":"research","lang":"en","published_at":"2023-10-15","url":"https://newsletter.semianalysis.com/p/going-vertical-gate-all-around-3d","title":"Kokusai Electric IPO: 배치 ALD ~70%","title_en":"Kokusai Electric IPO: ~70% batch ALD","excerpt":"Micron Technology 메모리 라인이 코쿠사이 배치 ALD 사용.","excerpt_en":"micron memory lines use Kokusai batch ALD."}]},{"direction":"cost","counterparty":"R&D·엔지니어 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"ALD·CVD R&D.","note_en":"ALD/CVD R&D.","sources":[{"stance":"confirms","publisher":"디일렉/다음","publisher_en":"TheElec/Daum","kind":"news","lang":"ko","published_at":"2025-01-01","url":"https://v.daum.net/v/3edKEYlopo","title":"유진테크-코쿠사이 배치 ALD 특허소송","title_en":"Eugene Tech vs Kokusai batch-ALD patent suit","excerpt":"배치 ALD 막질 개선 R&D.","excerpt_en":"Batch-ALD film-quality R&D."}]},{"direction":"cost","counterparty":"부품·소재 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"증착 챔버 부품·전구체.","note_en":"Deposition chamber parts/precursors.","sources":[{"stance":"confirms","publisher":"Kokusai/EDINET","publisher_en":"Kokusai/EDINET","kind":"filing","lang":"ja","published_at":"2025-06-25","url":"https://www.kokusai-electric.com/en/ir","title":"코쿠사이일렉트릭 IR·유가증권보고서","title_en":"Kokusai Electric IR / securities report","excerpt":"증착 장비 부품·전구체 조달.","excerpt_en":"Sources deposition parts/precursors."}]}]}