Ibiden: A 'Buy' After The Beat And Raise

I rate Ibiden as a 'Buy' after evaluating its results and outlook. IBIDY's FY2025 earnings rose 89% and beat the consensus by 52%, thanks to the solid performance of its core Electronics division and the disposal of cross-shareholdings. Management raised Ibiden's FY2026 operating profit guidance to ¥90 billion, implying a 45% growth. The promising prospects are supported by its market leadership and the industry's favorable demand-supply dynamics.