429A.T
BuyUnloved QualityAI neutralTekscend Photomask Corp. · Technology · Japan · $2.4B
JPY 3,800 -4.4% · close 8 Oct · scored 9 Oct
StockRank down 2.2 since 8 Oct.
Unloved Quality: Strong and cheap; the market has not turned yet.
As of 9 Oct 2026, MoatMap's StockRank for Tekscend Photomask Corp. (429A.T) is 77/100: Quality 63, Value 61, Momentum 47, ranked against 24,000+ stocks in 35 markets.
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Tekscend Photomask, formerly Toppan's photomask arm and recently listed, is one of the few independent makers of the masks used to print chip designs onto wafers. Demand for advanced masks rises with the number of new chip designs, which AI is driving. The business is a concentrated industry with real technical barriers, but as a new listing there is limited public track record, and advanced masks require heavy equipment spending, so returns on capital are less certain.
ABOUT TEKSCEND PHOTOMASK CORP.
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Tekscend Photomask Corp. is a specialized Japanese manufacturer of high-precision photomasks used in the production of semiconductors and flat panel displays. The company's advanced lithography technology allows for the micro-patterning required in next-generation semiconductor nodes. Tekscend occupies a critical, high-barrier-to-entry niche within the global semiconductor supply chain, benefiting from long-term partnerships with major chipmakers.
FINANCIAL SUMMARY (JPY)
| Year | 2023 | 2024 | 2025 | 2026 | CAGR | TTM | 2027E | 2028E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 100.8B | 107.1B | 118.0B | 129.6B | 8.7% | 134.4B | 147.3B | 166.2B | 13.3% |
| EPS (JPY) | 232.08 | 168.67 | 104.16 | 261.12 | 4.0% | 249.99 | 263.47 | 286.73 | 4.8% |
| Shares | — | — | — | 99.3M | — | 99.4M | — | — | — |
| Debt | 0 | 0 | 798.0M | 1.5B | 83.0% | 1.3B | — | — | — |
| Equity | 110.6B | 137.7B | 116.4B | 174.5B | 16.4% | — | — | — | — |
| Op CF | 43.3B | 28.6B | 26.2B | — | -22.2% | 38.7B | — | — | — |
| Inv CF | 3.6B | -13.9B | -32.9B | — | — | — | — | — | — |
| Fin CF | -1.3B | -1.6B | -28.5B | — | — | — | — | — | — |
Not enough steady price history for a read yet.
Swung more than 82% of stocks we rank over the past year (68% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 429A.T are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 429A.T | Tekscend Photomask Corp.(you) | $2.4B | 77 | Buy |
| 6890.T | Ferrotec Corporation | $3.5B | 79 | Buy |
| 5384.T | Fujimi Incorporated | $1.6B | 75 | Buy |
| 6871.T | Micronics Japan Co., Ltd. | $3.4B | 82 | Strong Buy |
| 6323.T | Rorze Corporation | $4.1B | 80 | Strong Buy |
| 7729.T | Tokyo Seimitsu Co., Ltd. | $4.4B | 80 | Buy |
| 6627.T | Tera Probe, Inc. | $693M | 73 | Buy |
| 6941.T | Yamaichi Electronics Co.,Ltd. | $993M | 91 | Strong Buy |
| 6590.T | Shibaura Mechatronics Corporation | $1.6B | 46 | Hold |
| 6855.T | Japan Electronic Materials Corporation | $592M | 91 | Strong Buy |
Peer medians: ROE 13.0% · P/E 18.6x · Gross margin 33.5%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.