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Makes wafer-handling robots and automation modules (EFEMs) used inside semiconductor and flat-panel-display fabs.
Makes wafer-handling robots and automation modules (EFEMs) used inside semiconductor and flat-panel-display fabs.
Sells wafer-handling robots and front-end modules mainly to chip-equipment makers, which build them into their tools, and directly to fabs; once a robot is qualified in a tool it is typically reordered with each new unit built. Orders therefore follow equipment makers' output and swing with chip and panel plant spending.
In one line: A niche wafer-robot supplier, like a small Brooks Automation.
Moat: narrow (customer qualification, process know-how). Tools are qualified into fab equipment lines; switching a qualified handling robot is costly.
Headquarters: Fukuoka, Japan · Founded: 1985 · Employees: 4,435
Size Rorze (6323.T) is a Japan Information Technology company (Semiconductors) with a market value of $3.11B, the 357th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,785 on 6 Nov 2026.
Performance Over six months the shares fell 24.1%, against -25.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 10.1% over the last twelve months (peer median +28.7%); the operating margin is 26.6% (peer median 5.4%).
Valuation It trades at 12.6× forward earnings against a peer median of 36.2× (cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 14% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.6 points above its cost of capital (14.2% WACC).
Next results Next results expected around 13 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥143B | ¥129B | ¥124B | ¥93.2B | ¥94.5B |
| Revenue growth | — | +4% | +33% | -1% | — |
| Gross profit | ¥57.5B | ¥48.8B | ¥47.4B | ¥35.0B | ¥34.5B |
| EBITDA | ¥44.5B | ¥37.4B | ¥36.6B | ¥26.9B | ¥28.4B |
| Net income | ¥24.0B | ¥19.0B | ¥23.6B | ¥19.6B | ¥21.4B |
| Free cash flow | n/a | ¥27.1B | ¥34.8B | ¥14.3B | -¥6.43B |
| Capital expenditure | n/a | ¥4.47B | ¥2.20B | ¥1.30B | ¥4.57B |
| Total debt | ¥31.6B | ¥23.8B | ¥31.6B | ¥34.5B | ¥32.8B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Rorze 6323.T | $3.11B | -24% | +10% | 27% | 12.6× | 14.3% |
| Azenta AZTA | $1.72B | +104% | +1% | -3% | 103.7× | 56.0% |
| Daifuku 6383.T | $10.9B | -33% | +21% | 15% | 18.9× | 14.7% |
| Yaskawa Electric 6506.T | $5.71B | -38% | +6% | 8% | 19.7× | 24.8% |
| Kawasaki Heavy Industries 7012.T | $10.9B | -39% | +9% | 6% | 13.8× | 20.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6323.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -38.2% | -23.1% | 3rd lowest of 21 |
| 6-month return | -24.1% | -25.1% | 10th highest of 20 |
| Distance from 52-week high | -48.2% | -54.7% | 7th highest of 21 |
| Revenue growth (TTM) | +10.1% | +28.7% | 6th lowest of 21 |
| Operating margin | 26.6% | 5.4% | 3rd highest of 20 |
| Forward P/E | 12.6× | 36.2× | cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 14.3% | 24.3% | 3rd least demanding of 9 |
| Growth delivered (Del g) | +20.4% | +11.8% | 3rd highest of 9 |
| Hurdle (Req g minus delivered) | -6.1 pp | +15.8 pp | 4th least demanding of 9 |
| ROIC minus cost of capital | +9.6 pp | -7.4 pp | 2nd highest of 19 |
| EV / EBITDA | 10.0× | 23.6× | 2nd cheapest of 7 |
| Net debt / EBITDA | -1.2× | -3.0× | 3rd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Rorze 6323.T | Japan | $3.11B | -24% | +10% | 27% | 12.6× | 14.3% | +20.4% |
| Shenzhen S.C New Energy Technology 300724.SZ | China | $3.12B | -36% | -67% | 8% | 24.2× | 7.6% | +30.8% |
| Xintec 3374.TWO | Taiwan | $3.08B | +88% | +17% | 23% | 36.2× | n/a | n/a |
| Airoha Technology 6526.TW | Taiwan | $3.16B | +5% | +10% | 6% | 25.4× | 23.8% | +16.5% |
| Shanghai Awinic Technology 688798.SS | China | $3.04B | -9% | +2% | 1% | 39.5× | n/a | n/a |
| InnoScience (Suzhou) Technology 2577.HK | Hong Kong | $3.03B | -63% | +56% | -49% | n/a | n/a | n/a |
| Chipbond Technology 6147.TWO | Taiwan | $3.20B | -20% | +18% | 17% | 17.2× | n/a | n/a |
| AP Memory Technology 6531.TW | Taiwan | $2.99B | -35% | +63% | 29% | 27.0× | 34.1% | +9.8% |
| Shenyang Fortune Precision Equipment 688409.SS | China | $3.28B | -2% | +34% | 4% | 122.8× | n/a | n/a |
| Jiangsu JieJie Microelectronics 300623.SZ | China | $3.31B | -9% | +34% | 17% | 24.6× | 17.9% | +28.2% |
| Jiangsu X-chip Semiconductor Tech 301707.SZ | China | $3.40B | n/a | +55% | 41% | n/a | n/a | n/a |
| Sino-American Silicon Products 5483.TWO | Taiwan | $2.80B | 0% | -1% | 12% | 15.8× | n/a | n/a |
| Suzhou Everbright Photonics 688048.SS | China | $3.48B | -63% | +88% | -1% | 626.2× | n/a | n/a |
| IPG Photonics IPGP | United States | $2.78B | -38% | +15% | 5% | 32.8× | 24.8% | -3.5% |
| JA Solar Technology 002459.SZ | China | $3.50B | -35% | -23% | n/a | n/a | -20.3% | +13.7% |
| Shanghai Bright Power Semiconductor 688368.SS | China | $2.72B | -20% | +90% | 6% | 85.4× | 54.1% | +7.3% |
| Hangzhou Lion Electronics 605358.SS | China | $3.55B | -25% | +24% | -1% | 81.0× | n/a | n/a |
| Diodes DIOD | United States | $3.56B | -31% | +18% | 5% | 14.6× | 34.0% | +3.8% |
| Maxio Technology (Hangzhou) 688449.SS | China | $2.71B | -29% | +40% | 5% | 37.7× | n/a | n/a |
| Suzhou Novosense Microlectronics 2676.HK | Hong Kong | $3.57B | -28% | +86% | -2% | 121.4× | n/a | n/a |
| Suzhou Novosense Microelectronics 688052.SS | China | $3.60B | -15% | +77% | -2% | 209.7× | n/a | n/a |