| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 2073.43 | 2 |
| Intrinsic value (DCF) | 1012.40 | -50 |
| Graham-Dodd Method | 921.61 | -55 |
| Graham Formula | n/a |
Optorun Co., Ltd. is a leading Japanese manufacturer and distributor of advanced vacuum coating machines and related equipment, specializing in optical thin film technology. Headquartered in Tokyo, the company provides high-precision coaters, sputtering systems, and atomic layer deposition equipment, catering to industries requiring sophisticated thin-film applications. Optorun serves a global clientele with its innovative vacuum coating solutions, including optical monitors and ion sources, while also offering maintenance and consulting services. Operating in the industrial machinery sector, Optorun plays a critical role in semiconductor, display, and optical component manufacturing. With a strong focus on R&D and precision engineering, the company maintains a competitive edge in the high-tech coating industry. Its financial stability, reflected in a market cap of ¥61.99 billion, underscores its position as a key player in Japan's industrial machinery landscape.
Optorun presents a compelling investment case due to its niche expertise in vacuum coating technology, strong financials, and consistent profitability. With a market cap of ¥61.99 billion, the company boasts a healthy net income of ¥6.35 billion and robust operating cash flow of ¥5.05 billion. Its low beta (0.447) suggests relative stability compared to broader market volatility. However, investors should consider risks such as dependence on high-tech manufacturing cycles and potential competition from global players. The company’s solid cash position (¥32.53 billion) and manageable debt (¥5.06 billion) provide financial flexibility, while a dividend yield of ~1.5% (¥52 per share) adds income appeal. Long-term growth hinges on sustained demand for advanced coating solutions in semiconductors and optics.
Optorun’s competitive advantage lies in its specialized vacuum coating technology, particularly in optical thin film and sputtering applications. The company’s focus on high-precision, industrial-scale coating machines differentiates it from general machinery manufacturers. Its proprietary ion source and optical monitoring technologies enhance process efficiency, appealing to semiconductor and display manufacturers. However, the company faces competition from larger global players with broader product portfolios and greater R&D budgets. Optorun’s strength in Japan provides regional stability but may limit international expansion compared to multinational rivals. The company’s ability to innovate in atomic layer deposition (ALD) and reactive plasma deposition positions it well for next-generation coating demands. Financial health supports continued R&D investment, but scaling production to compete with industry giants remains a challenge. Strategic partnerships or niche market dominance could further solidify its position.