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OPTORUN CO.,LTD.
(6235)
Select Model
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Rating:60Neutral
Price Target:
¥3,275.00
▼(-8.13% Downside)
Action:Downgraded
Date:07/19/26
The score is anchored by financial resilience—especially the very low leverage and improved recent free cash flow—while being held back by sharply weaker 2025 margins and earnings volatility. Technicals are weak with the stock below major moving averages and negative MACD, and valuation is constrained by a high P/E with only a modest dividend yield.
Positive Factors
Low Leverage / Strong Balance Sheet
Extremely low leverage and a large equity base provide durable financial flexibility. This balance-sheet strength supports funding working capital, R&D, and capex without reliance on markets, helping the company weather cyclical troughs and pursue strategic investments over the next several months.
Negative Factors
Sharp Margin Compression
Material decline in gross and net margins suggests pricing pressure, cost inflation, or adverse product mix shifts. Persistently lower margins reduce return on capital and limit surplus cash for reinvestment or dividends, weakening earnings power if the trend persists over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Strong Balance Sheet
Extremely low leverage and a large equity base provide durable financial flexibility. This balance-sheet strength supports funding working capital, R&D, and capex without reliance on markets, helping the company weather cyclical troughs and pursue strategic investments over the next several months.
Read all positive factors
OPTORUN CO.,LTD. (6235) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥134.37B
Dividend Yield1.77%
Average Volume (3M)264.55K
Price to Earnings (P/E)60.8
Beta (1Y)1.35
Revenue Growth13.48%
EPS Growth-42.81%
CountryJP
Employees620
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)51.26
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
¥4,500.00Price Target Upside26.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)139.95
Revenue Forecast (FY)¥38.00B
OPTORUN CO.,LTD. Business Overview & Revenue Model
Company Description
Optorun Co.,Ltd., founded in Tokyo, Japan, in 1999, is a company dedicated to the manufacturing, sales, and global distribution of vacuum coating equipment and associated systems. Their extensive product line includes optical thin film coaters, re...
How the Company Makes Money
OPTORUN primarily makes money by selling optical thin-film coating equipment and related systems to industrial customers that manufacture or process optical components and other coated products. Revenue is generated from (1) equipment/system sales...
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 | 32.93B | 33.86B | 32.41B | 36.81B | 34.30B | 30.89B |
| Gross Profit | 11.16B | 11.44B | 14.50B | 18.45B | 14.95B | 13.39B |
| EBITDA | 4.09B | 4.54B | 9.47B | 6.99B | 10.11B | 9.26B |
| Net Income | 2.07B | 2.96B | 6.35B | 4.63B | 6.89B | 6.33B |
Balance Sheet | ||||||
| Total Assets | 119.20B | 86.15B | 81.44B | 78.49B | 84.03B | 65.76B |
| Cash, Cash Equivalents and Short-Term Investments | 35.68B | 31.44B | 32.53B | 33.05B | 34.92B | 32.27B |
| Total Debt | 5.62B | 415.79M | 5.06B | 411.08M | 418.89M | 487.31M |
| Total Liabilities | 38.64B | 28.54B | 22.44B | 21.57B | 31.88B | 19.68B |
| Stockholders Equity | 80.32B | 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
Negative
3565.00
Price Trends
3814.42
Negative
3502.38
Negative
2676.32
Positive
Market Momentum
-120.39
Positive
34.31
Neutral
21.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6235, the sentiment is Negative. The current price of 3565 is below the 20-day moving average (MA) of 3697.38, below the 50-day MA of 3814.42, and above the 200-day MA of 2676.32, indicating a neutral trend. The MACD of -120.39 indicates Positive momentum. The RSI at 34.31 is Neutral, neither overbought nor oversold. The STOCH value of 21.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ¥169.57B | 17.04 | ― | 3.39% | 7.85% | 24.91% | |
66 Neutral | ¥78.93B | 1.88 | ― | 1.43% | 17.81% | 1080.76% | |
64 Neutral | ¥307.63B | 38.67 | 2.20% | 2.81% | 0.90% | 40.35% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | ¥134.37B | 60.77 | ― | 2.72% | 13.48% | -42.81% | |
53 Neutral | ¥23.01B | 79.53 | ― | 2.77% | -11.58% | -82.94% | |
45 Neutral | ¥15.23B | 11.17 | ― | ― | -8.87% | ― |
* Industrials Sector Average
JP:6235
OPTORUN CO.,LTD.
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OPTORUN CO.,LTD. Corporate Events
Optorun Maps Out FX Risk Strategy and Capital-Efficient Growth Plan for FY2026
May 13, 2026
Optorun outlined its consolidated financial context and strategic direction for fiscal 2026, emphasizing sensitivity to exchange rate movements because about 70% of export sales are denominated in U.S. dollars and production relies heavily on Grea...
Optorun Posts Q1 Loss but Keeps Strong 2026 Outlook and Higher Dividend Plan
May 13, 2026
Optorun reported consolidated results for the three months ended March 31, 2026, with net sales declining 11.8% year on year to ¥6,968 million and operating profit falling 32.3% to ¥511 million, while ordinary profit dropped 61.3% and th...
Optorun Completes Restricted Share Disposal After Partial Forfeiture
Apr 24, 2026
Optorun Co., Ltd. has completed payment procedures for the disposal of treasury shares used as restricted share compensation, following a board resolution made on March 26, 2026. The company reported a reduction in the number of shares disposed of...
Optorun Clarifies Independence and Transactions With Major Affiliated Shareholder
Apr 22, 2026
Optorun disclosed details of its relationship with Zhejiang Crystal-Optech Co., Ltd., which holds 16.33% of its voting rights and is classified as an other affiliated company listed on the Shenzhen Stock Exchange A-share Main Board. Despite this s...
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.