TOPPAN Holdings (TYO:7911) said the Tokyo Stock Exchange approved the listing of its consolidated subsidiary Tekscend Photomask Corp on the Prime Market, according to a Monday filing on the local bourse.

Toppan said Tekscend, a semiconductor photomask maker spun off in 2022, will use the listing to accelerate R&D and capital spending in response to growing demand from AI and 5G-driven chip markets.

Following the listing, Toppan's stake in Tekscend will fall to 46.6% from 50.1%, shifting the unit's status to an equity-method affiliate.