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OptorunOPTORUN CO.,LTD.6235東証プライム機械FY ending Dec 2025, consolidated, J-GAAP

Optorun revenue and profit

Out of every ¥100 of sales, about ¥10 is left as operating profit. Revenue changed +4.5% from the prior year, operating profit -49.2%.

Five-year trend

Revenue¥33.9B
FY ending Dec 2021: ¥30.9B¥30.9BFY ending Dec 2022: ¥34.3B¥34.3BFY ending Dec 2023: ¥36.8B¥36.8BFY ending Dec 2024: ¥32.4B¥32.4BFY ending Dec 2025: ¥33.9B¥33.9BFY21FY22FY23FY24FY25
Operating income¥3.33B
FY ending Dec 2021: ¥7.03B¥7.03BFY ending Dec 2022: ¥7.45B¥7.45BFY ending Dec 2023: ¥9.75B¥9.75BFY ending Dec 2024: ¥6.57B¥6.57BFY ending Dec 2025: ¥3.33B¥3.33BFY21FY22FY23FY24FY25
Operating margin9.8%
FY ending Dec 2021: 22.7%22.7%FY ending Dec 2022: 21.7%21.7%FY ending Dec 2023: 26.5%26.5%FY ending Dec 2024: 20.3%20.3%FY ending Dec 2025: 9.8%9.8%FY21FY22FY23FY24FY25

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin8.7%
Asset turnover0.40×
ROA3.5%
ROA3.5%
Financial leverage1.74×
ROE6.1%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin8.7%
2021: 20.5%20.5%2022: 20.1%20.1%2023: 12.6%12.6%2024: 19.6%19.6%2025: 8.7%8.7%2122232425
Asset turnover0.40×
2021: 0.48×0.48×2022: 0.46×0.46×2023: 0.46×0.46×2024: 0.41×0.41×2025: 0.40×0.40×2122232425
ROA3.5%
2021: 9.8%9.8%2022: 9.3%9.3%2023: 5.7%5.7%2024: 7.9%7.9%2025: 3.5%3.5%2122232425
Financial leverage1.74×
2021: 1.47×1.47×2022: 1.59×1.59×2023: 1.61×1.61×2024: 1.58×1.58×2025: 1.74×1.74×2122232425
ROE6.1%
2021: 14.4%14.4%2022: 14.8%14.8%2023: 9.3%9.3%2024: 12.6%12.6%2025: 6.1%6.1%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
202120.5%0.48×9.8%1.47×14.4%
202220.1%0.46×9.3%1.59×14.8%
202312.6%0.46×5.7%1.61×9.3%
202419.6%0.41×7.9%1.58×12.6%
20258.7%0.40×3.5%1.74×6.1%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue39.9%
2020: 8.5%8.5%2021: 14.7%14.7%2022: 25.8%25.8%2023: 31.0%31.0%2024: 43.7%43.7%2025: 39.9%39.9%202122232425
PPE ÷ total assets15.7%
2020: 5.9%5.9%2021: 7.0%7.0%2022: 10.7%10.7%2023: 14.5%14.5%2024: 17.4%17.4%2025: 15.7%15.7%202122232425
Goodwill ÷ parent equity—
2020: 1.9%1.9%2021: 1.4%1.4%2022: 1.0%1.0%2023: 0.7%0.7%2024: 0.3%0.3%202122232425
Goodwill balance—
2020: ¥752.5M¥752.5M2021: ¥610.7M¥610.7M2022: ¥485.5M¥485.5M2023: ¥343.1M¥343.1M2024: ¥154.4M¥154.4M202122232425

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥3.8B
2020: ¥3.15B¥3.15B2021: ¥3.06B¥3.06B2022: ¥3.41B¥3.41B2023: ¥4.33B¥4.33B2024: ¥3.4B¥3.4B2025: ¥3.8B¥3.8B202122232425
R&D / revenue11.2%
2020: 8.4%8.4%2021: 9.9%9.9%2022: 9.9%9.9%2023: 11.8%11.8%2024: 10.5%10.5%2025: 11.2%11.2%202122232425
Receivable days59d
2020: 95d95d2021: 71d71d2022: 85d85d2023: 54d54d2024: 56d56d2025: 59d59d202122232425
Payable days69d
2020: 27d27d2021: 68d68d2022: 90d90d2023: 26d26d2024: 22d22d2025: 69d69d202122232425

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue30,89234,30436,80732,40633,861
Cost of revenue17,50219,35718,35317,90722,421
Gross profit13,39014,94818,45414,49911,440
SG&A6,3647,4998,7027,9288,106
Operating income7,0257,4499,7526,5703,335
Pretax income8,7739,4055,9988,1854,221
Income tax2,4402,5121,3251,8071,375
Net income attributable to owners6,3306,8904,6326,3512,960
Operating margin22.7%21.7%26.5%20.3%9.8%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 36%
6%
Property, plant and equipment 16%
0%
5%
Other assets 37%

Funding

5%
Other liabilities 28%
Equity 67%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥32.3B¥34.9B¥33B¥28B¥31.4B
Total assets¥64.7B¥82.9B¥78.5B¥81.4B¥86.1B
Net assets¥46.1B¥52.2B¥56.9B¥59B¥57.6B
Share capital¥400M¥400M¥400M¥400M¥400M
Trade receivables¥6.01B¥7.97B¥5.49B¥4.95B¥5.5B
Property, plant and equipment¥4.53B¥8.84B¥11.4B¥14.2B¥13.5B
Intangible assets excluding goodwill¥677.1M¥540.6M¥423.6M¥210.4M¥34.2M
Goodwill¥610.7M¥485.5M¥343.1M¥154.4M—
Investment securities¥350M¥350M¥350M¥430.6M¥4.18B
Current assets¥53.1B¥65.4B¥57.6B¥54.6B¥56.8B
Current liabilities¥17.1B¥28.4B¥19.1B¥14.8B¥19.9B
Trade payables¥3.25B¥4.79B¥1.28B¥1.08B¥4.24B
Short-term borrowings¥400M¥400M¥400M¥400M¥400M
Total liabilities¥18.6B¥30.8B¥21.6B¥22.4B¥28.5B
Non-controlling interests¥13.4M¥17.8M¥600.2M¥312.9M¥225.5M
Equity attributable to owners of parent¥44B¥49B¥51.1B¥50B¥46.3B
Retained earnings¥34.2B¥39B¥41.4B¥44.4B¥44.4B
Treasury stock-¥75.3M-¥57.6M-¥35.8M-¥4.34B-¥7.57B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第27期(2025/01/01－2025/12/31)

    ID S100XTSL2026-03-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第26期(2024/01/01－2024/12/31)

    ID S100VGJJ2025-03-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第25期(2023/01/01－2023/12/31)

    ID S100T3F62024-03-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第24期(2022/01/01－2022/12/31)

    ID S100QGD52023-03-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第23期(令和3年1月1日－令和3年12月31日)

    ID S100NR012022-03-29Open

  • EDINET (FSA Japan)

    訂正有価証券報告書－第22期(令和2年1月1日－令和2年12月31日)

    ID S100L8SI2021-04-30Open

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