Disco Corporation improves share value on improved income forecast
10 August 10
According to Bloomberg the Disco Corp., a Japanese maker of abrasives and precision machinery, jumped the most in a year after boosting its first-half net income forecast 50 percent on Asian chip demand.
Bloomberg reports that Disco gained 7.7 percent to 5,170 yen as of 9:48 a.m. on the Tokyo Stock Exchange, headed for the biggest advance since Aug. 10, 2009. Disco which has been in operation since 1937, makes precision machines and processing equipment aimed at the semiconductor industry. Its products includes saws, cutting, grinding and polishing solutions and is supported by a global sales and support network. In June 2010, the company completed construction of a new plant at Chiba in Japan.