RS Technologies to Monetize Part of Chinese Wafer Unit Stake While Retaining Control

The latest update is out from RS Technologies Co. Ltd. ( (JP:3445) ).

RS Technologies will sell 12.5 million shares, or about 1% of outstanding stock, in its Chinese consolidated subsidiary GRINM Semiconductor Materials (GRITEK) between February 11 and May 8, 2026, for an estimated ¥3.49 billion, while retaining a majority of voting rights and keeping GRITEK as a consolidated subsidiary. The company cites GRITEK’s strong post-acquisition growth and stock-market listing as a backdrop for monetizing part of its stake, with proceeds earmarked for group-wide growth investments such as M&A and capital expenditures to support RS Technologies’ long-term expansion in the semiconductor materials business.

GRITEK, which manufactures and sells 5-, 6- and 8-inch prime wafers and silicon materials from its operations in China, has seen net sales roughly double and operating profit rise fivefold since before its consolidation in 2017. RS Technologies’ partial stake sale reflects a capital recycling strategy designed to enhance overall group value while maintaining operational control over a key growth platform in the Chinese semiconductor materials market.

The most recent analyst rating on (JP:3445) stock is a Buy with a Yen4418.00 price target. To see the full list of analyst forecasts on RS Technologies Co. Ltd. stock, see the JP:3445 Stock Forecast page.

More about RS Technologies Co. Ltd.

RS Technologies Co., Ltd. operates in the semiconductor materials sector, focusing on the manufacturing and sale of silicon wafers, including 5-, 6- and 8-inch prime wafers, through subsidiaries such as GRINM Semiconductor Materials Co., Ltd. (GRITEK) in China. RS Technologies targets the growing semiconductor market, particularly in China, where GRITEK and joint venture Shandong GRITEK run prime wafer production, and GRITEK is listed on Shanghai’s STAR Market.

Average Trading Volume: 107,071

Technical Sentiment Signal: Buy

Current Market Cap: Yen100.7B

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