资源描述
2009 1210 2023 3 1 DISCO DISCO 1937 Kezuru Migaku 1 2/DISCO 2021 2537 131 1447 75 584 30/SEMI 2021 70 20 Marketresearch 2021 6.14/DISCO ADT 5%DISCO DISCO 1 DISCO 5 m 2 3 DISCO/30 4 SiC KABRA SiC DISCO/CMP CMP-DISK 2021 30 DISCO+1 DISCO 2 DISCO 3 4 DISCO 2023 1 DISCO 400 2025/DISCO 0755-82755859 S0360517100004 S0360521120002%()415 0.06()66,654.26 7.13()48,718.51 6.82%1M 6M 12M-1.0%-6.4%-21.2%2.2%-4.8%-9.6%MCU 2022-12-31 2022-12-29 2022-12-28-33%-22%-10%1%22/02 22/05 22/07 22/10 22/12 23/022022-02-282023-02-28 300 2009 1210 DISCO DISCO 2021/26 2021 30+DISCO DISCO SiC 0YDWwPqNoNoPrPtQrMtMqRbRaO6MnPoOoMsRiNqQnOlOrRmN8OrQoRuOsQrNMYsRrQ 2009 1210 3 DISCO.6.6.7 DISCO/.9.9.11 DISCO.12 1.12 2.12 3.13.14 1.14 2 TAIKO.15 3 SiC.16 DISCO.17 DISCO.17 DISCO.22 1.22 2+.23 3.24 4.24.25 1&.25 2.26 3.26.27 2009 1210 4 1 DISCO.6 2 DISCO.7 3 FY2017-FY2021.7 4 FY20Q1-FY22Q3.7 5 FY2017-FY2022.8 6.8 7 FY22Q1-3.8 8 FY22Q1-3.8 9 FY22.9 10 FY22.9 11 FY2018-FY2022E.9 12 DISCO.10 13 DISCO.10 14 DISCO.11 15/.12 16 DISCO.12 17.13 18 DISCO.14 19.15 20.15 21 TAIKO.16 22 DISCO KABRA.16 23 DISCO 4.17 24 DISCO.17 25.18 26.18 27.19 28 CMP.19 29 DISCO.20 30.20 31.20 32 CMP.21 33 CMP.21 2009 1210 5 34.21 35.21 36.22 37 DISCO.22 38 DISCO.23 39 DISCO.24 40 DISCO.25 2009 1210 6 DISCO DISCO Corporation 1937 Kiru Kezuru Migaku 1 2/1 DISCO DISCO 1968 DISCO 40 m MICRO-CUT DISCO 1970 DISCO DAS/DAD 1978 20 DISCO 2001 8 DISCO 2009 1210 7 2 DISCO DISCO 2017-2021 1673.6 2537.8 4 11.0%21Q3 FY22Q3 658.4 2.57%3 FY2017-FY2021 4 FY20Q1-FY22Q3 wind wind 2017 371.7 2021 662.1 4 CAGR 15.5%20172021 2017 22.2%2021 26.1%FY2020Q1 55%FY2022Q23 65.5%-20%-10%0%10%20%30%40%50%050010001500200025003000FY2017 FY2018 FY2019 FY2020 FY2021精密加工 设备 精密加工 工具 维修业务其他 总营收-同比0%10%20%30%40%50%010020030040050060070080090020Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3营收/亿 日元 同比增速 2009 1210 8 5 FY2017-FY2022 6 wind wind FY2022 Q13 62%24%9%6%/39%19%60%40%/DGP 57.6%7 FY22Q1-3 8 FY22Q1-3 wind wind 93%98%IC 51%11%7%IC 51%32%SAW-40%-20%0%20%40%60%80%100%0100200300400500600700FY2017 FY2018 FY2019 FY2020 FY2021净利润/亿日元 同比增速 净利率52%54%56%58%60%62%64%66%68%精 密 加 工工具,24%维修业务,9%其他,6%切割机,39%研磨/抛光机,19%其他设备,4%精密加工设备,62%2009 1210 9 9 FY22 10 FY22 FY2018-2020 FY2021 280 Haneda FY2018-2021 273 837 11 FY2018-FY2022E wind DISCO/DISCO Kiru Kezuru Migaku+/54 39 Dicing Saws Laser Saws Die Separator Water Jet Saw IC,51%封装切割,11%光 学 半 导体,7%其他半导体,25%非半导体,7%IC,51%封装,3%光学半导体,32%其他半导体,12%非半导体,2%0100200300400500600700800900FY2018 FY2019 FY2020 FY2021 FY2022E资本开支/亿日元 经 营 性 现金流/亿日元 2009 1210 10 12 DISCO DISCO 15 Grinders Polishers Grinder/Polisher Surface Planer Tape Mounter 13 DISCO DISCO DISCO DISCO 2009 1210 11 DISCO Au Cu CMP DISCO DISCO 12 DISCO die DISCO DISCO chip 14 DISCO DISCO SEMI 2021 70 6.8%28%2021 20 Marketresearch 2021 6.14 2021/26 DISCO 2021 DISCO 2538 21 2022 2021 56%DISCO ADT 5%DISCO 2009 1210 12 15/DISCO 1937 1949 CMP/ADT 2003 DISCO 1 DISCO 35 5m 1/20 30 cm 1.5 m 10 DISCO 10%16 DISCO DISCO 2 DISCO DISCO/die stacking DISCO 2009 1210 13 17 DISCO DISCO CORPORATE REPORT 2020 3 SEMI Marketresearch DISCO/30 3%DISCO 20%DISCO 2009 1210 14 18 DISCO DISCO 1 DISCO 2002 1 2 3 4 10 m 3 Low-k/MEMS 18%19%20%21%21%22%25%23%25%28%25%23%24%4%4%5%5%6%7%8%8%9%10%10%8%9%0%5%10%15%20%25%30%35%40%2009 1210 15 19 DISCO 2022 35%40%DISCO 20 DISCO 2022 2 TAIKO TAIKO 3 mm TAIKO/(2009 1210 16)21 TAIKO DISCO 3 SiC DISCO KABRA 4 2016 DISCO KABRA 6 SiC 3.1 10 56%1.4 22 DISCO KABRA DISCO 2022 2009 1210 17 DISCO 4 23 DISCO 4 DISCO 2022 24 DISCO DISCO 2022 DISCO DISCO,/CMP 2009 1210 18 25 CMP CMP-Disk 2022 1 2 26 2022 CMP 2009 1210 19 27 2022 CMP CMP-Disk CMP CMP 0.35 m CMP CMP CMP CMP-Disk CMP-Disk 28 CMP 1 HAZ 2 100/3 HAZ 2009 1210 20 29 DISCO 30 DISCO 26.5%55.0%30 2018 600-800 IC insights Knometa Research 2018-2021 9.6%2021 864-1152 1008 160 2021 16 55%2021 29.3 7.8 31 QYResearch 2020 CMP 15 2026 18 3.1%CMP 22%21%15%14%减薄砂轮,26.5%划片刀,55.0%其他,18.5%2009 1210 21 32 CMP 33 CMP QYResearch QYResearch DISCO 90%DISCO(EHW A)UKAM DISCO 2021 DISCO 49 23%2021 DISCO 11 23.8 47%34 35 如晶棒剪裁、晶棒滚圆、晶圆倒角与开槽以及晶片研磨工艺中的金刚石工具已能自给。但由于晶圆减薄及划片技术要求更高，国内减薄砂轮与划片刀产品与国外差距较大。CMP-Disk 1012141618202020 2026E中国台湾,22%韩国,21%中国大陆,15%日本,14%其他,28%9%91%国产 进口10%90%国产 进口 CAGR=3.1%2009 1210 22 36 QYResearch DISCO Disco 1937+1 DISCO DISCO DISCO 37 DISCO ZH05 GaAs GaP LiTaO3 5 ZH14 GaAs GaP LiTaO4 ZHCR 60 m ZHDG LED ZHFX LiTaO3 ZHZZ GaAs GaP 10 m 2009 1210 23 NBC-ZH GaAs GaP LiTaO3(Bevel cut)Step Cut)B1A P1A LiTaO3 R07 TM11 VT07 Si3N4 ZP07+SiC DISCO DISCO GF01 Poligrind/UltraPoligrind DISCO 38 DISCO GF01 BK09 BK-09 Poligrind 8 3.5mm 0 m 12 UltraPoligrind Poligrind DP DISCO 2+10000 60000 DISCO 2009 1210 24 39 DISCO DISCO 3 2003 DISCO Will Will Will Will 2011 DISCO Will Will will 10%Will DISCO 4 DISCO DISCO 2023 1 DISCO/400 2025 2 2009 1210 25 40 DISCO DISCO DISCO+1&1999 20+2011/CMP-Disk 2015/CMP-Disk 2023 22 100 Km/23 3 150 Km/23 400 Km/4100 1.2 1800 2009 1210 26 2+2001 500 1 2 1958 GaAs GaP/MPCVD 2016 8 MPCVD 30 MPCVD 2022 12 1.98 MPCVD MPCVD 2022 3 LP LPB ADT-8230 2009 1210 27-6230-6110 UV MiniLED-6110 LP 50 LPB ADT ADT 0.1 ADT ADT LP LPB ADT 10%8230 6230 6110 8230 12 178 2009 1210 28 TMT 2019 2016 2017 3 2020 2019 2021 2021 1 2022 2022 2009 1210 29 010-63214682 010-63214682 010-63214682 010-63214682 010-63214682 010-63214682 010-66500808 010-66500821 010-63214682 0755-82828570 0755-83715428 0755-82871425 0755-83024576 0755-82756804 0755-82756803 0755-82871425 021-20572536 021-20572551 021-20572555 021-20572257-2552 021-20572506 021-20572585 021-20572560 021-20572509 021-20572548 021-20572573 021-20572559 021-20572559 0755-82756805 021-20572559 玙 021-25072549 2009 1210 30(300)6 20%6 10%20%6-10%10%6 10%20%3-6 5%3-6-5%5%3-6 5%26 C 3A 1061 A 19 33 12 100033 518034 200120 010-66500801 0755-82027731 021-20572500 010-66500900 0755-82828562 021-20572522 前沿报告库是中国新经济产业咨询报告共享平台。行业范围涵盖新一代信息技术、5G、物联网、新能源、新材料、新消费、大健康、大数据、智能制造等新兴领域。为企事业单位、科研院所、投融资机构等提供研究和决策参考。扫一扫免费获取海量报告
展开阅读全文