Rorze Corporation (6323) AI Stock Analysis

• Market Cap: ¥438.37B
• Dividend Yield: 0.79%
• Average Volume (3M): 2.39M
• Price to Earnings (P/E): 23.4
• Beta (1Y): 1.87
• Revenue Growth: 15.38%
• EPS Growth: -26.84%
• Country: JP
• Employees: 3,997
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): N/A
• 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: 82 Outperform
• Price Target: ¥2,888.00 ▲(28.47% Upside)

The score is driven primarily by very strong financial performance (high growth, strong margins, low leverage, and exceptional cash flow conversion). Technicals are also supportive with a clear uptrend, though overbought signals temper the near-term outlook. Valuation is acceptable but not especially cheap, and the dividend yield is low.

Positive Factors

Strong revenue growth

Sustained 33% revenue growth signals durable demand for Rorze's automation products and expanding market penetration in semiconductors. Over a multi-quarter horizon this supports scale benefits, reinvestment capacity, and long‑term contract leverage versus peers.

High profitability and margins

Robust gross and operating margins indicate strong product differentiation and operational efficiency in automation systems. Durable margins provide cash for R&D, support pricing resilience, and create a buffer through cyclical downturns in end markets.

Strong cash generation and balance sheet

Very strong cash conversion and low leverage give Rorze flexible capital to fund capex, product development, and occasional strategic investments without stressing liquidity. This enhances resilience through semiconductor cycle volatility and supports long‑term growth execution.

Negative Factors

Concentration in semiconductor customers

Heavy reliance on semiconductor OEMs concentrates revenue risk and ties performance to cyclical capex cycles. Even with secular semiconductor demand, customer concentration can produce durable revenue volatility and bargaining pressure during industry slowdowns.

High market sensitivity (beta)

A near‑1.9 beta reflects pronounced sensitivity to economic and market swings, consistent with cyclical capital equipment exposure. This implies earnings and investment timing can vary materially across cycles, complicating multi‑quarter planning and cash flow predictability.

Negative EPS growth in fundamentals

Material negative EPS growth despite revenue gains suggests earnings volatility from non‑operating items, margin timing, or share effects. This undermines near‑term earnings predictability and signals potential structural pressures on per‑share profitability that require monitoring.

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

Rorze Corporation demonstrates strong financial performance with robust income growth, solid profitability, and efficient cost management. The balance sheet reflects stability with low leverage and high equity proportion, while cash flows are exceptionally strong, indicating financial flexibility and operational efficiency.

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: Negative
• STOCH: Negative

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 above the 20-day moving average (MA) of 2232.73, above the 50-day MA of 2151.17, and above the 200-day MA of 1888.96, indicating a bullish trend. The MACD of 97.34 indicates Negative momentum. The RSI at 70.18 is Negative, neither overbought nor oversold. The STOCH value of 87.75 is Negative, 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	82 Outperform	¥438.37B	23.43	―	0.79%	15.38%	-26.84%
7729	76 Outperform	¥480.49B	21.85	12.66%	2.28%	9.53%	-11.17%
6890	75 Outperform	¥240.76B	18.71	5.41%	3.28%	11.15%	-19.39%
6966	75 Outperform	¥136.70B	13.29	―	2.45%	4.60%	-21.64%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6963	46 Neutral	$923.65B	-21.47	-4.26%	2.30%	0.04%	-323.26%
6707	46 Neutral	¥121.84B	111.46	―	―	-51.82%	-96.08%

Rorze Corporation Corporate Events

Rorze Corporation Reports Mixed Financial Results for First Half of 2025

Rorze Corporation reported its consolidated financial results for the six months ended August 31, 2025, showing a year-on-year increase in net sales by 8.9% to ¥65,602 million. However, the company experienced declines in operating profit, ordinary profit, and profit attributable to owners of the parent, with decreases of 5.4%, 29.2%, and 31.4%, respectively. The company’s equity-to-asset ratio improved to 65.6% as of August 31, 2025. Despite the challenges in profitability, Rorze maintains its financial forecast for the fiscal year ending February 28, 2026, with a slight increase in net sales projected.

The most recent analyst rating on (JP:6323) stock is a Buy with a Yen2641.00 price target. To see the full list of analyst forecasts on Rorze Corporation stock, see the JP:6323 Stock Forecast page.