Rorze Corporation (6323) AI Stock Analysis

• Market Cap: ¥488.81B
• Dividend Yield: 0.79%
• Average Volume (3M): 2.39M
• Price to Earnings (P/E): 13.8
• Beta (1Y): 1.85
• 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): 160.15
• Revenue Forecast (FY): ¥138.67B

• Rating: 77 Outperform
• Price Target: ¥3,151.00 ▲(40.17% Upside)
• Action: Reiterated Date: 01/17/26
• Date: Action: Reiterated 01/17/26

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

Robust revenue and margins

Consistent double-digit revenue growth with high gross and EBITDA margins indicates durable demand and structural pricing power in semiconductor automation. These profitability levels support sustained reinvestment in products, healthy operating leverage, and long-term competitive positioning.

Strong cash generation

High cash conversion and exceptional FCF growth provide a durable funding source for capex, R&D, M&A or shareholder returns. Reliable operating cash flow enhances resilience through semiconductor cycles and reduces reliance on external financing for strategic investments.

Prudent capital structure

Low leverage combined with a strong equity ratio and high ROE signals conservative financing and efficient capital use. This structural balance sheet strength increases financial flexibility to fund growth, absorb cyclical downturns, and maintain investment in competitive capabilities.

Negative Factors

End-market cyclicality

Rorze's revenue is structurally tied to semiconductor capital expenditure and equipment replacement cycles, which are inherently cyclical. This dependency can make order flow lumpy, strain capacity utilization during downturns, and create variability in multi-quarter revenue visibility.

Elevated equity volatility

A high beta reflects sensitivity to macro and semiconductor cycle swings, implying more volatile cash flows and equity returns. Elevated volatility can raise the company's cost of capital and complicate long-term planning, especially when accessing capital or negotiating supplier/customer terms.

Recent EPS contraction

Negative EPS growth despite revenue expansion suggests issues converting sales into shareholder earnings—possible margin pressure, one-offs, or dilution. If persistent, declining EPS can limit dividend or buyback capacity and undermine investor confidence in sustained profitability.

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

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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	Feb 2025	Feb 2024	Feb 2023	Feb 2022	Feb 2021
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	14.33B	-6.43B	975.95M	5.84B
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: Negative
• Last Price: 2248.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Negative. The current price of 2248 is below the 20-day moving average (MA) of 3070.58, below the 50-day MA of 3199.56, and below the 200-day MA of 2310.95, indicating a neutral trend. The MACD of -117.70 indicates Positive momentum. The RSI at 39.05 is Neutral, neither overbought nor oversold. The STOCH value of 37.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6323.

Rorze Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7735	78 Outperform	¥1.81T	15.60	21.73%	2.29%	11.29%	11.38%
6323	77 Outperform	¥488.81B	13.81	―	0.79%	15.38%	-26.84%
6146	75 Outperform	$7.55T	35.55	25.78%	0.79%	13.45%	20.37%
8035	73 Outperform	¥18.02T	33.18	26.01%	1.79%	16.74%	16.03%
6871	71 Outperform	¥417.91B	22.63	―	1.02%	29.60%	24.39%
6525	62 Neutral	¥1.29T	44.15	―	0.73%	10.98%	6.51%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Rorze Corporation Corporate Events

Rorze Hit with $48 Million U.S. Patent Verdict, Plans Appeal Amid Financial Uncertainty

Rorze Corporation has disclosed that a U.S. federal jury in the Northern District of California returned a verdict against the company and its U.S. subsidiary in a patent infringement lawsuit brought by Kawasaki Heavy Industries, awarding provisional damages of 48 million dollars. The dispute centers on alleged infringement of Kawasaki’s U.S. patent rights, which Rorze has consistently argued are neither infringed nor valid, and the company is now evaluating the financial impact while preparing to pursue post-trial motions and an appeal, signaling ongoing legal and earnings uncertainty for shareholders and business partners.

Management emphasized that the verdict is not final and that all lawful avenues will be used to seek review and possible reversal, a stance that could extend the litigation timeline and delay clarity on ultimate liability. Until the legal process concludes and the financial effects are quantified, the ruling introduces additional risk to Rorze’s balance sheet and may influence its strategic flexibility, although the company has committed to making further disclosures if the situation triggers material impacts requiring timely announcement.

The most recent analyst rating on (JP:6323) stock is a Buy with a Yen3318.00 price target. To see the full list of analyst forecasts on Rorze Corporation stock, see the JP:6323 Stock Forecast page.

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.