# If Toppan Printing moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/toppan-printing · Facet: ripple · Updated: 2026-07-12T03:37:28.769+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Toppan Printing is directly linked to 3 companies (2 supply, 1 revenue relationships) and reaches 11 companies within two hops; the links are backed by 5 dated sources, 1 of them primary filings (as of 2026-07-12).

Toppan Printing operates across Nikkei 225, Printing→semis (FC-BGA substrates, photomask). It is +7.2% in 2026. Demand side (avg +3.8%), the stock (+7.2%) and supply side (avg -6.1%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is Broadcom (+3.8%) and the furthest behind is Hoya Corporation (-6.1%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Nikkei 225 constituent.

## Demand chain (leading)
- T1 Broadcom (https://valuechain.wiki/broadcom.md)
- T2 Anthropic (https://valuechain.wiki/anthropic.md)
- T3 Shopify (https://valuechain.wiki/shopify.md)
- T2 Meta Platforms (https://valuechain.wiki/meta.md)
- T3 Procter & Gamble (https://valuechain.wiki/procter-gamble.md)
- T3 Omnicom Group Inc. (https://valuechain.wiki/omnicom-group.md)
- T2 Apple (https://valuechain.wiki/apple.md)
- T3 T-Mobile US, Inc. (https://valuechain.wiki/t-mobile-us.md)
- T3 Target Corporation (https://valuechain.wiki/target.md)
- T3 Take-Two Interactive Software, Inc. (https://valuechain.wiki/take-two-interactive.md)
- T2 Alphabet (Google) (https://valuechain.wiki/alphabet.md)
- T3 Planet Labs (https://valuechain.wiki/planet-labs.md)
- T3 Walmart Inc (https://valuechain.wiki/walmart.md)
- T3 McDonald's (https://valuechain.wiki/mcdonalds.md)
- T3 MercadoLibre, Inc. (https://valuechain.wiki/mercadolibre.md)
- T3 Uber (https://valuechain.wiki/uber.md)
- T3 Costco Wholesale (https://valuechain.wiki/costco.md)
- T3 LVMH Moet Hennessy Louis Vuitton (https://valuechain.wiki/lvmh.md)
- T3 Recursion Pharmaceuticals (https://valuechain.wiki/recursion.md)
- T3 Intuit Inc. (https://valuechain.wiki/intuit.md)
- T3 Workday, Inc. (https://valuechain.wiki/workday.md)
- T3 Salesforce, Inc. (https://valuechain.wiki/salesforce.md)
- T3 Booking Holdings Inc. (https://valuechain.wiki/booking-holdings.md)
- T3 Stryker Corporation (https://valuechain.wiki/stryker.md)
- T3 HCA Healthcare, Inc. (https://valuechain.wiki/hca-healthcare.md)
- T3 DoorDash, Inc. (https://valuechain.wiki/doordash.md)
- T3 AppLovin Corporation (https://valuechain.wiki/applovin.md)
- T3 Cintas Corporation (https://valuechain.wiki/cintas.md)
- T3 Colgate-Palmolive Company (https://valuechain.wiki/colgate-palmolive.md)
- T3 Honeywell Technologies (https://valuechain.wiki/honeywell-technologies.md)
- T3 AutoZone (https://valuechain.wiki/autozone.md)
- T3 eBay Inc. (https://valuechain.wiki/ebay.md)
- T3 Expedia Group, Inc. (https://valuechain.wiki/expedia-group.md)
- T3 The Kraft Heinz Company (https://valuechain.wiki/kraft-heinz.md)
- T3 Ingersoll Rand Inc. (https://valuechain.wiki/ingersoll-rand.md)
- T2 Arista Networks (https://valuechain.wiki/arista.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T3 Microsoft (https://valuechain.wiki/microsoft.md)
- T2 OpenAI (https://valuechain.wiki/openai.md)
- T3 Accenture plc (https://valuechain.wiki/accenture.md)
- T2 Eoptolink (https://valuechain.wiki/eoptolink.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T2 NetApp, Inc. (https://valuechain.wiki/netapp.md)

## Supply chain (benefiting)
- T1 Hoya Corporation (https://valuechain.wiki/hoya.md)
- T1 AGC (https://valuechain.wiki/agc.md)

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Full node: https://valuechain.wiki/toppan-printing.md · JSON: https://valuechain.wiki/toppan-printing.json