Origin Company, Limited (6513) Stock Price

Market cap
¥7.3B
P/E ratio
-2.9x
Origin manufactures power equipment, system equipment, synthetic resin coatings, precision components, and semiconductors across five business segments with extensive global operations.

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Business Overview

Origin is a corporate group engaged in the manufacturing and sales of power equipment, system equipment, synthetic resin coatings, precision mechanical components, and power semiconductors. These operations are divided into five segments: Electronics, Mechatronics, Chemitronics, Components, and Other.

In the Electronics segment, Origin manufactures and sells power equipment. Manufacturing is outsourced to Saitama Origin and Kitafuji Origin, while Origin Korea handles manufacturing and sales. Origin purchases and resells nearly all products from Saitama Origin.

In the Mechatronics segment, Origin manufactures system equipment and sells it directly. This segment is characterized by Origin managing all manufacturing processes in-house.

In the Chemitronics segment, Origin manufactures and sells synthetic resin coatings. Subsidiaries including Toho Kakenkogyou and Shanghai Ouriliesheng Toho Coating handle manufacturing, while sales are outsourced to Manza Coating. Multiple subsidiaries are involved in this business.

In the Components segment, Origin manufactures and sells precision mechanical components. Origin and Ouriliching Precision Machinery (Shanghai) handle manufacturing, with production also outsourced to Hokkaido Origin and others. Sales are outsourced to Ouriliesheng (Hong Kong).

In the Other segment, Origin manufactures and sells power semiconductors. Manufacturing is outsourced to Hokkaido Origin, with Origin purchasing and reselling nearly all products. This approach establishes an efficient supply system.

Across all segments, Origin outsources product sales to subsidiaries such as Origin Shoji. This structure ensures that products from each business are widely distributed in the market.

Management Policy

Origin aims to achieve growth in electronics, mechatronics, chemitronics, and components by advancing its proprietary technologies. In particular, the company is committed to contributing to customer value creation through technology development and realizing a prosperous society. Additionally, Origin has established fundamental corporate governance principles to enhance corporate reliability and transparency.

Origin has been implementing a five-year medium-term management plan titled "Change & Growth 2026" since April 2022. This plan aims to transform the business structure by responding to rapidly changing business environments and pursuing new market development and new business creation. Furthermore, through reforms in human resources systems and corporate culture, Origin seeks to create new growth engines and enhance corporate value.

The vision of Origin's medium-term management plan is to achieve "niche top" status. This means leveraging technological superiority in small but growth-promising markets to capture overwhelming market share. By anticipating market needs and evolving core technologies across each business segment, Origin aims to become a strategic partner for its customers.

"Change & Growth 2026" outlines six transformations in business operations and organizational structure. These include new market development and new business creation, acceleration of open innovation, strengthening of carbon-neutral technologies, sales organization enhancement, human resources system reform, cost structure reform through DX promotion, and expanded information disclosure. Through these initiatives, Origin will achieve sustainable growth.

By fiscal year 2026, Origin targets consolidated operating profit of 2.5 billion yen or more and consolidated ROE of 7% or more. The company will enhance corporate value through new product development, horizontal expansion of existing products, cost reduction, and efficiency improvements in administrative divisions. This will enable Origin to achieve sustainable growth and meet stakeholder expectations.

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