Japan materials and energy monthly: June 2026

Research evidence excerpt

Japan materials and energy monthly: June 2026

Global Markets Research

Japan materials and energy monthly: June 2026 19 June 2026

EQUITY: MATERIALS

We expect further improvements in business Research Analysts

conditions for AI and semiconductor applications Japan chemicals & textiles Shigeki Okazaki - NSC

Stabilization of situation in Middle East would be good news for chemical shigeki.okazaki@nomura.com

companies +81 3 6703 1170

Daiki Ban - NSC

We forecast growth for glass & ceramics as well as wire & cable and electronic daiki.ban@nomura.com

materials subsectors in AI and semiconductor applications +81 3 6703 1124

We recommend the glass & ceramics, as well as the wire & cable and electronic materials Takaomi Kono - NSC

subsectors. In the wire & cable subsector, we forecast sharp growth in demand for optical takaomi.kono@nomura.com

parts and materials used in AI and data center applications. We also expect +81 3 6703 1207

semiconductor-related products to drive earnings growth in the electronic materials and Yusho Yoshitake - NSC

glass & ceramics subsegments. We think a settling down of crude oil supply shortages yusho.yoshitake@nomura.com

and sharp price rises as a result of a ceasefire in the Middle East would be a positive for +81 3 6703 1169

earnings at chemicals, textiles, ink, paper & pulp, glass, and cement companies, which

Shu Kanbe, CFA - NSCuse large amounts of petrochemical inputs. Among glass & ceramics companies, we shu.kanbe@nomura.com

recommend AGC [5201] (Buy) and Sumitomo Osaka Cement [5232] (Buy). +81 3 6703 1214

Wire & cable: Several pieces of news pointing to favorable business conditions Japan steel, nonferrous metals,

Wire & cable companies' share prices were weak at times in early June, but we think wire & cable

business conditions are favorable.