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Otec Corporation

1736.T

JPXIndustrialsIndustrial - Distribution

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Latest quote

¥2,420

+¥51.00 · +2.15%

Aug 24, 3:30 PM JST

1736.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Otec Corporation trades pipework equipment in Japan. The company provides sanitary ware, residential equipment, heating and cooling equipment, industrial equipment, fittings, valves, and steel pipes. It is also involved in instrumentation, electrical work, and piping work for new and existing buildings; and provision of automatic control systems. The company was formerly known as Ohishi Shoji Co., Ltd. and changed its name to Otec Corporation in 1989. Otec Corporation was founded in 1934 and is based in Tokyo, Japan.

Industry
Industrial - Distribution
Sector
Industrials
Headquarters
JP
CEO
Shinichi Ichihara
Listed since
Apr 26, 2000
Employees
573

Market position

52-week range

Current ¥2,420

Open
¥2,420
Previous close
¥2,369
Volume
9.1K
1.3× average
Average volume
7K
Average daily volume
Market cap
37.5B JPY
Beta
0.11
Market reference 1
50-day average
¥2,449.32
-1.20% below average
200-day average
¥2,396.3
+0.99% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
27.33B JPY
P/E (TTM)
10.48×
P/B (TTM)
1.41×
P/S (TTM)
1.11×
EV / EBITDA
4.91×
Earnings yield
10.01%
Free cash flow yield
11.18%
Dividend yield
3.39%

Profitability & efficiency

Gross margin
31.69%
Operating margin
14.81%
Net margin
10.63%
Return on equity
13.67%
Return on assets
9.22%
Return on invested capital
11.28%

Financial health

Debt / equity
0.08×
Current ratio
2.42×
Altman Z-score
4.44
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%23%13%2%Gross margin, FY2021: 23.49%Gross margin, FY2022: 23.51%Gross margin, FY2023: 25.24%Gross margin, FY2024: 29.21%Gross margin, FY2025: 31.33%Operating margin, FY2021: 7.57%Operating margin, FY2022: 7.47%Operating margin, FY2023: 6.90%Operating margin, FY2024: 12.81%Operating margin, FY2025: 15.08%Net margin, FY2021: 5.31%Net margin, FY2022: 4.77%Net margin, FY2023: 4.72%Net margin, FY2024: 9.15%Net margin, FY2025: 10.75%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 23.49%. Gross margin FY2022 23.51%. Gross margin FY2023 25.24%. Gross margin FY2024 29.21%. Gross margin FY2025 31.33%. Operating margin FY2021 7.57%. Operating margin FY2022 7.47%. Operating margin FY2023 6.90%. Operating margin FY2024 12.81%. Operating margin FY2025 15.08%. Net margin FY2021 5.31%. Net margin FY2022 4.77%. Net margin FY2023 4.72%. Net margin FY2024 9.15%. Net margin FY2025 10.75%.

Income trends

Revenue

33.72B JPY+7.31%

Operating income

5.08B JPY+26.34%

Net income

3.63B JPY+26.18%
Income trends across reported periods36.97B JPY23.98B JPY10.99B JPY−2B JPYRevenue, FY2021: 25.41B JPYRevenue, FY2022: 26.14B JPYRevenue, FY2023: 29.37B JPYRevenue, FY2024: 31.42B JPYRevenue, FY2025: 33.72B JPYOperating income, FY2021: 1.92B JPYOperating income, FY2022: 1.95B JPYOperating income, FY2023: 2.03B JPYOperating income, FY2024: 4.02B JPYOperating income, FY2025: 5.08B JPYNet income, FY2021: 1.35B JPYNet income, FY2022: 1.25B JPYNet income, FY2023: 1.39B JPYNet income, FY2024: 2.87B JPYNet income, FY2025: 3.63B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 25.41B JPY. Revenue FY2022 26.14B JPY. Revenue FY2023 29.37B JPY. Revenue FY2024 31.42B JPY. Revenue FY2025 33.72B JPY. Operating income FY2021 1.92B JPY. Operating income FY2022 1.95B JPY. Operating income FY2023 2.03B JPY. Operating income FY2024 4.02B JPY. Operating income FY2025 5.08B JPY. Net income FY2021 1.35B JPY. Net income FY2022 1.25B JPY. Net income FY2023 1.39B JPY. Net income FY2024 2.87B JPY. Net income FY2025 3.63B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue33.72B JPY31.42B JPY29.37B JPY26.14B JPY25.41B JPY
Cost of goods sold23.16B JPY22.25B JPY21.96B JPY19.99B JPY19.44B JPY
Gross profit10.56B JPY9.18B JPY7.41B JPY6.15B JPY5.97B JPY
Research and development—52.84M JPY51.62M JPY50.98M JPY46.41M JPY
Selling, general, and administrative5.48B JPY5.15B JPY5.34B JPY4.14B JPY4B JPY
Operating expenses5.48B JPY5.15B JPY5.39B JPY4.19B JPY4.05B JPY
Interest income42.33M JPY18.58M JPY11.29M JPY7.74M JPY6.67M JPY
Interest expense39.68M JPY29.58M JPY25.12M JPY22.1M JPY22.32M JPY
Depreciation and amortization477.8M JPY461.33M JPY394.33M JPY368.82M JPY309.5M JPY
Operating income5.08B JPY4.02B JPY2.03B JPY1.95B JPY1.92B JPY
Net income3.63B JPY2.87B JPY1.39B JPY1.25B JPY1.35B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
21.99

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates107.2277.7148.218.69Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 85.95, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual 61.39, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 92.79, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 25.04, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 53.8, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 9, 2026: actual 54.31, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 100.91, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 21.99, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates10.89B9.26B7.64B6.01BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 6.71B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual 8.93B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 10.12B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 6.49B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 8.12B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 9, 2026: actual 8.65B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 10.48B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 6.43B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥85.6667

2025 complete year+242.7% since 2021

2026 partial: ¥53.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥49.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥49.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥53.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Sep 29, 2025

¥29.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 5, 2025

Dividend

Ex-dividend Mar 28, 2025

¥170

Annual

Record Mar 31, 2025 · Payment Jun 30, 2025

Dividend

Ex-dividend Mar 28, 2024

¥125

Annual

Record Mar 31, 2024 · Payment Jun 27, 2024

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