SCREEN Holdings revisits China risk: SCREEN Holdings stock sits 23.32 percent above fair value

Published on 10/07/2026 at 02:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 10.30 percent to JPY 121.78 billion in fiscal 2027. SCREEN Holdings stock last stood at EUR 91.02 on October 5, 2026 after EUR 91.02.

SCREEN, JP3494600004, Illustration mit AI erstellt.

SCREEN Holdings (ISIN JP3494600004) had a Lang & Schwarz prior close of EUR 91.02 on October 5, 2026. An updated assessment puts the Tokyo-listed company at JPY 15,785 against fair value of JPY 12,800, or 23.32 percent above that level, according to Simply Wall St on October 5, 2026.

China risk meets fixed costs

The updated thesis shifts attention from China exposure alone to the interaction between regional demand and SCREEN's cost base. It identifies a potential 10.00 to 15.00 percent reduction in China-related business and cites JPY 43.00 billion of annual research and development spending, JPY 43.00 billion of capital expenditure and a JPY 32.00 billion fixed-cost increase.

Simply Wall St says the company may need Taiwan, North America and its Graphic Arts business to offset a China sales mix moving toward the low to mid 30 percent range. For investors, the valuation gap therefore depends on whether capacity investment converts into revenue without eroding operating margins.

Soft quarter, higher full-year forecast

SCREEN's first quarter of fiscal 2027 ended June 30, 2026, with revenue of JPY 121.78 billion, down 10.30 percent from JPY 135.79 billion a year earlier. Operating income fell 41.10 percent to JPY 14.37 billion, and the operating margin declined to 11.80 percent from 18.00 percent, according to Investing.com.

The same report shows a sharply different full-year forecast. SCREEN expects fiscal 2027 revenue of JPY 743.00 billion, up 22.70 percent, operating income of JPY 156.50 billion, up 27.70 percent, and net income attributable to owners of the parent of JPY 115.00 billion, up 25.00 percent.

Stock remains below its yearly high

The Tokyo Stock Exchange quote was JPY 16,230 at 3:30 p.m. JST on October 6, 2026, within a 52-week range of JPY 5,825 to JPY 19,770. Market capitalization stood at JPY 3.1 trillion on the same date, making the JPY 12,800 fair-value estimate a clear counterweight to the company forecast.

The Lang & Schwarz prior close was EUR 91.02 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of SCREEN Holdings stock.