Rorze Corporation (6323) AI Stock Analysis

• Market Cap: ¥649.46B
• Dividend Yield: 0.79%
• Average Volume (3M): 2.39M
• Price to Earnings (P/E): 30.1
• Beta (1Y): 2.02
• Revenue Growth: 15.38%
• EPS Growth: -26.84%
• Country: JP
• Employees: 3,997
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 37.97
• Shares Outstanding: 176,400,000
• 10 Day Avg. Volume: 2,688,210
• 30 Day Avg. Volume: 2,393,436
• PEG Ratio: 0.59
• Price to Book (P/B): 2.43
• Price to Sales (P/S): 2.31
• P/FCF Ratio: 8.24
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: ¥4,187.00 ▲(86.25% Upside)

The score is driven primarily by very strong financial performance (rapid growth, healthy margins, low leverage, and exceptional cash flow). This is tempered by technically overbought conditions (RSI/Stoch elevated despite a strong uptrend) and a valuation profile that is not especially cheap (P/E 22.81 with a low dividend yield).

Positive Factors

Revenue and margin strength

Sustained double‑digit revenue growth combined with high gross and EBITDA margins indicates durable product-market fit in semiconductor automation. Strong margins suggest pricing power and operational efficiency, supporting reinvestment and consistent profitability over multiple quarters.

Robust cash generation

Very strong operating cash conversion and exceptional free cash flow growth provide durable internal funding for capex, R&D, and service expansion. High FCF reduces reliance on external financing and strengthens the company’s ability to sustain long‑term investments and dividend or buyback capacity.

Conservative balance sheet and high ROE

Low leverage and a strong equity ratio create financial flexibility for strategic investment or downturns, while a 20% ROE reflects efficient capital use. This combination supports durable competitiveness, capacity expansion, and the ability to pursue selective M&A without eroding balance sheet strength.

Negative Factors

EPS growth weakness

Negative EPS growth despite revenue gains signals per‑share profitability pressure that may stem from dilution, higher non‑operating costs, or timing differences. If sustained, declining EPS can erode shareholder returns and limit flexibility for cash returns or equity‑based incentives.

Concentration in cyclical semiconductor sector

High exposure to semiconductor capex cycles creates structural revenue volatility risk. Demand swings in chips and electronics directly impact order timing and utilization of automation equipment, complicating long‑term capacity planning and leading to lumpy multi‑quarter performance.

High business sensitivity (volatility)

A beta above 2 indicates the business and share returns are highly sensitive to macro and industry swings. Elevated volatility raises the cost of capital and complicates multi‑year planning, potentially forcing more conservative investment pacing and higher risk premiums for partners and customers.

Rorze Corporation Business Overview & Revenue Model

Company Description

Rorze Corporation engages in the design, development, manufacture, and sale of automation systems for the semiconductor and flat panel display production worldwide. The company offers wafer handling systems, including atmospheric robots, vacuum wafer robots, aligners, load ports, vacuum platforms, EFEMs/sorters, and stockers; and mask/reticle handling systems. It also provides system integration and package service, as well as host online communication, equipment control, and EDA/interface A solutions; and control devices, such as controllers, and stepping motors and drivers. In addition, the company offers life science automation products comprising mechatronics CO2 incubators, cell keepers, twist decappers and incubators, heat sealers, power seals, varistocks, and cell farms and shots. Further, it is involved in manufacturing of robot for semiconductor production equipment; the processing and export of machinery parts for robots; and importing, selling, maintaining, and broking equipment and parts. The company was founded in 1985 and is headquartered in Fukuyama, Japan.

How the Company Makes Money

Rorze Corporation generates revenue through the sale of its advanced robotic systems and automation solutions to semiconductor and flat panel manufacturers worldwide. The company capitalizes on the growing demand for precision and efficiency in manufacturing processes, driven by the semiconductor industry's continuous advancements and the proliferation of flat panel displays in consumer electronics. Rorze's key revenue streams include the sale of its proprietary robotics equipment, maintenance services, and spare parts. Additionally, the company may engage in strategic partnerships and collaborations with leading technology firms, further enhancing its market presence and revenue potential. These factors contribute significantly to Rorze's earnings, allowing it to maintain a competitive edge in the rapidly evolving landscape of semiconductor and display manufacturing.

Rorze Corporation Financial Statement Overview

Summary

Strong fundamentals across statements: revenue grew 33.46% (2024–2025) with solid profitability (gross margin 39.87%, net margin 18.99%, EBITDA margin 29.90%). Balance sheet is stable with low leverage (debt-to-equity 0.27) and strong ROE (20.05%). Cash generation is excellent (operating cash flow/net income 1.56; free cash flow growth 144.68%).

Income Statement

Rorze Corporation shows a robust income statement with impressive growth figures. The revenue growth rate from 2024 to 2025 stands at 33.46%, demonstrating strong market demand and operational efficiency. Gross profit margin is solid at 39.87% for 2025, indicating effective cost management. Net profit margin is also strong at 18.99%, reflecting effective profitability. The EBIT and EBITDA margins are commendable at 25.73% and 29.90%, respectively, showing healthy operational performance.

Balance Sheet

The balance sheet is strong, with a debt-to-equity ratio of 0.27, which signifies prudent financial leverage. The return on equity is high at 20.05%, indicating efficient use of equity capital. The equity ratio is 62.79%, suggesting a solid capital structure with a healthy proportion of equity financing. Overall, the balance sheet reflects stability and a strong financial position.

Cash Flow

Cash flows are robust, with a significant operating cash flow to net income ratio of 1.56, emphasizing efficient cash generation from operations. The free cash flow to net income ratio is 1.47, reflecting strong cash flow availability for reinvestment and shareholder returns. The free cash flow growth rate from 2024 to 2025 is an impressive 144.68%, highlighting exceptional cash flow improvement.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	129.78B	124.41B	93.25B	94.52B	67.00B	50.80B
Gross Profit	50.56B	49.62B	35.26B	34.81B	22.64B	14.72B
EBITDA	34.28B	37.20B	26.94B	32.38B	20.05B	10.28B
Net Income	18.66B	23.63B	19.58B	21.38B	12.82B	6.47B
Balance Sheet
Total Assets	177.93B	187.74B	156.14B	126.48B	88.29B	59.53B
Cash, Cash Equivalents and Short-Term Investments	60.95B	62.99B	37.95B	28.29B	23.63B	16.83B
Total Debt	26.65B	31.61B	34.51B	32.82B	20.89B	16.77B
Total Liabilities	51.43B	59.02B	56.59B	51.69B	38.07B	24.93B
Stockholders Equity	116.67B	117.90B	92.30B	68.31B	45.43B	30.91B
Cash Flow
Free Cash Flow	0.00	34.84B	14.24B	-6.49B	899.16M	5.71B
Operating Cash Flow	0.00	36.79B	15.54B	-1.92B	3.02B	8.16B
Investing Cash Flow	0.00	-6.46B	-5.91B	-5.15B	-916.92M	-2.66B
Financing Cash Flow	0.00	-9.16B	-792.00M	10.74B	3.58B	-1.45B

Rorze Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2248.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6323, the sentiment is Positive. The current price of 2248 is below the 20-day moving average (MA) of 3062.27, below the 50-day MA of 2508.53, and above the 200-day MA of 2033.46, indicating a bullish trend. The MACD of 318.50 indicates Negative momentum. The RSI at 60.80 is Neutral, neither overbought nor oversold. The STOCH value of 60.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6323.

Rorze Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6323	77 Outperform	¥649.46B	30.14	―	0.79%	15.38%	-26.84%
7729	76 Outperform	¥572.44B	26.03	12.66%	2.28%	9.53%	-11.17%
6966	75 Outperform	¥137.43B	13.36	―	2.45%	4.60%	-21.64%
6890	73 Outperform	$305.66B	23.76	5.41%	3.28%	11.15%	-19.39%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6707	55 Neutral	¥135.97B	121.16	―	―	-51.82%	-96.08%
6963	52 Neutral	¥1.10T	-25.03	-4.26%	2.30%	0.04%	-323.26%

Rorze Corporation Corporate Events

Rorze Posts Higher Sales but Lower Profits for Nine-Month Period, Confirms Full-Year Outlook

Rorze Corporation reported consolidated net sales of ¥94.5 billion for the nine months ended November 30, 2025, a 5.9% increase year on year, while operating profit fell 8.1% to ¥23.5 billion and profit attributable to owners of parent declined 11.4% to ¥17.5 billion, resulting in lower earnings per share despite higher revenue. The balance sheet strengthened as total assets stood at ¥182.7 billion and the equity-to-asset ratio improved to 68.2%, and the company confirmed its full-year forecast calling for modest 3.0% sales growth and slight profit declines, while maintaining its annual dividend plan of ¥17 per share, signaling stable shareholder returns but a more subdued earnings environment compared with the previous strong year.

The most recent analyst rating on (JP:6323) stock is a Buy with a Yen2888.00 price target. To see the full list of analyst forecasts on Rorze Corporation stock, see the JP:6323 Stock Forecast page.