What is the new price target for TOWA?

Marusan Securities raised its target for TOWA (6315.JP) to 4,200 yen from 3,400 yen, while keeping its "Buy" rating.

Why did Marusan raise the target?

It judged that production expansion investment for AI and data-center chips will drive equipment demand, and it revised its earnings forecast upward.

What did Marusan say about TOWA's orders?

It said first-quarter order value for the fiscal year ending March 2027 hit a quarterly record, led by memory-related orders, as molding equipment sales expanded.

AI Stocks & MarketsTop Companies' AI MovesAI Business & IndustryTop Companies AI6m agoOct 17, 2026, 06:30 JST

TOWA (6315.JP) target lifted to 4,200 yen on memory capex

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3 Key Points

What happened
Marusan Securities kept its "Buy" rating on TOWA (6315.JP) and raised its price target to 4,200 yen from 3,400 yen, citing expanding memory-related capital investment.
Why it matters
Marusan expects AI and data-center chip capacity expansion to drive equipment demand, and says TOWA's order value hit a quarterly record led by memory-related orders in the first quarter of the fiscal year ending March 2027.

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Context & Analysis

The move follows a broad rebound in Tokyo, where the Nikkei average rose for the first time in seven sessions and AI and semiconductor-related shares recovered after the prior day's sharp drop.

TOWA fits that pattern: Marusan said demand for molding equipment is expanding on the back of production capacity investment for AI and data-center chips, and that first-quarter order value hit a quarterly record, led by memory-related orders. The brokerage also pointed to a higher share of high-margin compression equipment as supporting earnings, absorbing higher personnel and depreciation costs, and revised its earnings forecast upward.

FAQ

What is the new price target for TOWA?: Marusan Securities raised its target for TOWA (6315.JP) to 4,200 yen from 3,400 yen, while keeping its "Buy" rating.
Why did Marusan raise the target?: It judged that production expansion investment for AI and data-center chips will drive equipment demand, and it revised its earnings forecast upward.
What did Marusan say about TOWA's orders?: It said first-quarter order value for the fiscal year ending March 2027 hit a quarterly record, led by memory-related orders, as molding equipment sales expanded.

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