OPTORUN CO.,LTD. (JP:6235)
:6235
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OPTORUN CO.,LTD.
(6235)
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Rating:75Outperform
Price Target:
¥3,403.00
▲(20.63% Upside)
Action:ReiteratedDate:03/06/26
The score is driven primarily by strong financial resilience (very low leverage and solid recent cash generation) and favorable technical momentum (price above key moving averages with positive MACD). Offsetting these strengths are the sharp deterioration in profitability/margins and a valuation that appears relatively demanding at ~26x earnings despite a modest dividend yield.
Positive Factors
Low leverage / strong balance sheet
Exceptionally low leverage and a sizable equity base provide durable financial flexibility. This balance-sheet strength supports funding of capex, R&D, and dividends, cushions downturns, and reduces refinancing risk, enabling strategic investments without stressing liquidity over months.
Negative Factors
Sharp margin compression
Material drop in gross and net margins signals worsening pricing power or rising costs, reducing profitability per sale. Persistently lower margins would constrain cash available for reinvestment and returns, and make earnings more sensitive to revenue swings over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Exceptionally low leverage and a sizable equity base provide durable financial flexibility. This balance-sheet strength supports funding of capex, R&D, and dividends, cushions downturns, and reduces refinancing risk, enabling strategic investments without stressing liquidity over months.
Read all positive factors
OPTORUN CO.,LTD. (6235) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥121.78B
Dividend Yield2.72%
Average Volume (3M)264.55K
Price to Earnings (P/E)26.1
Beta (1Y)1.23
Revenue Growth-6.46%
EPS Growth-47.27%
CountryJP
Employees596
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)22.38
Shares Outstanding44,358,000
10 Day Avg. Volume433,110
30 Day Avg. Volume264,550
Financial Highlights & Ratios
PEG Ratio-0.53
Price to Book (P/B)1.34
Price to Sales (P/S)2.28
P/FCF Ratio10.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,700.00Price Target Upside-4.29% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)142
Revenue Forecast (FY)¥38.30B
OPTORUN CO.,LTD. Business Overview & Revenue Model
Company Description
Optorun Co.,Ltd. engages in the manufacture, distribution, and import/export of vacuum coating machines, peripheral equipment, and units using vacuum coating products in Japan. The company offers optical thin film coaters, reactive plasma depositi...
How the Company Makes Money
OPTORUN generates revenue primarily through the sale of its optical measurement systems and laser processing equipment. These products are sold to manufacturers in the semiconductor and electronics sectors, where precision and quality are critical...
OPTORUN CO.,LTD. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
88
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.58B | 33.86B | 32.41B | 36.81B | 34.30B | 30.89B |
| Gross Profit | 10.97B | 11.44B | 14.50B | 18.45B | 14.95B | 13.39B |
| EBITDA | 5.01B | 4.54B | 9.47B | 6.99B | 10.11B | 9.26B |
| Net Income | 4.28B | 2.96B | 6.35B | 4.63B | 6.89B | 6.33B |
Balance Sheet | ||||||
| Total Assets | 77.08B | 86.15B | 81.44B | 78.49B | 84.03B | 65.76B |
| Cash, Cash Equivalents and Short-Term Investments | 27.78B | 31.44B | 32.53B | 33.05B | 34.92B | 32.27B |
| Total Debt | 4.83B | 415.79M | 5.06B | 411.08M | 418.89M | 487.31M |
| Total Liabilities | 24.34B | 28.54B | 22.44B | 21.57B | 31.88B | 19.68B |
| Stockholders Equity | 52.57B | 57.38B | 58.69B | 56.32B | 52.14B | 46.07B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 7.54B | 1.93B | 64.70M | 4.18B | 9.75B |
| Operating Cash Flow | 0.00 | 8.53B | 5.05B | 3.18B | 8.56B | 10.69B |
| Investing Cash Flow | 0.00 | 256.71M | -7.70B | -3.60B | -4.40B | 375.57M |
| Financing Cash Flow | 0.00 | -6.26B | -3.81B | -2.21B | -2.17B | -2.74B |
OPTORUN CO.,LTD. Technical Analysis
Positive
2821.00
Price Trends
2532.00
Positive
2177.28
Positive
1885.53
Positive
Market Momentum
37.87
Positive
52.23
Neutral
26.07
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6235, the sentiment is Positive. The current price of 2821 is below the 20-day moving average (MA) of 2915.65, above the 50-day MA of 2532.00, and above the 200-day MA of 1885.53, indicating a neutral trend. The MACD of 37.87 indicates Positive momentum. The RSI at 52.23 is Neutral, neither overbought nor oversold. The STOCH value of 26.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6235.
OPTORUN CO.,LTD. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥156.63B | 16.40 | ― | 3.39% | 14.21% | 29.38% | |
76 Outperform | ¥114.68B | 0.96 | ― | 1.43% | -1.38% | 327.52% | |
75 Outperform | ¥121.78B | 26.06 | ― | 2.72% | -6.46% | -47.27% | |
74 Outperform | ¥23.59B | 46.66 | ― | 2.77% | -4.47% | -24.47% | |
69 Neutral | ¥237.03B | 13.46 | 2.20% | 2.81% | -3.70% | -36.38% | |
65 Neutral | ¥19.57B | 10.67 | ― | ― | -2.84% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
JP:6235
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OPTORUN CO.,LTD. Corporate Events
Optorun Corrects Forecast Dividend Payout Ratio for FY2026
Mar 25, 2026
Optorun Co., Ltd. has issued a correction to its previously announced consolidated financial results for the fiscal year ended December 31, 2025, specifically amending an error in the forecasted consolidated cash dividend payout ratio for the fisc...
Optorun to Appoint New Auditor Moore Mirai & Co. to Support Global Expansion
Feb 24, 2026
Optorun Co., Ltd. plans to replace its current accounting auditor, Taiyu Audit LLC, with Moore Mirai Co., subject to approval at the 27th ordinary general shareholders’ meeting on March 26, 2026. The company judged Moore Mirai Co. to be be...
Optorun reshapes executive ranks while keeping core leadership in place
Feb 24, 2026
Optorun Co., Ltd. has announced a reshuffle of its leadership team, highlighted by the resignation of Daiyu Son from executive duties while retaining the title of honorary chairman, and the retirement of senior advisor Toshinori Takahashi, advisor...
Optorun Launches ‘Second Founding’ Strategy With FX-Risk Measures and Shareholder-Return Targets
Feb 13, 2026
Optorun outlined its consolidated results for fiscal 2025 and issued guidance for 2026, emphasizing its vulnerability to foreign exchange swings due to dollar-denominated exports and yuan-linked manufacturing costs. To mitigate FX and geopolitical...
Optorun Profit Slumps Despite Higher Sales, But 2026 Rebound Forecast With Higher Dividend
Feb 13, 2026
Optorun reported consolidated results for the fiscal year ended December 31, 2025, with net sales rising 4.5% year on year to ¥33.9 billion but profitability weakening sharply. Operating profit fell 49.2% to ¥3.3 billion, ordinary profit...
Optorun Sets Profitability and Shareholder Return Targets as It Shifts to Broader Optical Thin-Film Business
Feb 13, 2026
Optorun is transitioning from a manufacturer of optical thin-film deposition equipment to a broader optical thin-film deposition company, leveraging its 25-year foundation in precision manufacturing technologies. The company’s operations are...
Optorun’s Profit Halves in 2025 as It Lifts Payout and Bets on 2026 Rebound
Feb 13, 2026
Optorun reported a modest 4.5% rise in net sales to ¥33.86 billion for the fiscal year ended Dec. 31, 2025, but profitability weakened sharply, with operating profit down 49.2% and profit attributable to owners of the parent dropping 53.4%. M...
Optorun Reshapes Executive Ranks to Bolster U.S. and China Operations
Jan 28, 2026
Optorun Co., Ltd. has announced a reshuffle of its executive leadership, elevating Jianzheng Xi from managing executive officer to senior executive officer while executive officer in charge of accounting, Koji Kondo, is retiring. The company is al...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.