【オービック】富士通とは真逆の「逆張り経営」で32期連続増益！営業利益率65.7%の異次元決算の中身とは？【元機関投資家が解説】

A former institutional investor provides a thorough analysis of OBIC's (4684) full-year financial results for the fiscal year ending March 2026. This analysis delves into this cash-rich, high-quality stock—with an operating profit margin of 65.7%, 32 consecutive years of profit growth, a 16% ROE, a dividend of 94 yen, and a share buyback of 31.4 billion yen—covering its stock chart, balance sheet, segments, cash flow, and dividend strategy. 00:00 Obic? Or OBC? Be careful not to confuse the names. 01:35 Stock price chart: TOPIX vs Obic (2018-) 03:00 Recent financial highlights: Sales 135.2 billion yen, operating profit 88.8 billion yen, net profit 75.1 billion yen 03:40 Balance sheet: Total assets 618.7 billion yen, net assets 516 billion yen - cash rich 04:28 ROE 15.8%, dividend 94 yen, dividend payout ratio 49.7% 06:19 Business details: Origin of the name Obic and the packaging business 06:56 The shock of 32 consecutive periods of increased profits and an operating profit margin of 65.7% 10:30 Productivity: Sales per person 58 million yen, operating profit 38 million yen 11:57 "Intellectual property strategy AI" and the value-added model of hiring only new graduates 14:01 Customer Characteristics: Portfolio of 4 Industry Sectors of Medium-Sized to Large Companies with Annual Sales of 10 to 100 Billion Yen 18:45 Segment Analysis: SI (55.2 billion yen) vs. SS (71.5 billion yen) - The Top Earners 22:21 Cash Flow: Operating CF 73.7 billion yen, Free CF 71 billion yen 24:24 Dividends vs. Share Buybacks: Optimal Return Strategy for a Company with 16% ROE 28:27 Summary: A Contrarian Management Strategy with No Points to Criticize 30:12 Ending Learn the Essence of Stock Investment and Asset Management with Izumida Ryōsuke. Former institutional investor Izumida Ryōsuke thoroughly explains the concepts of company analysis and valuation (fair stock price) for Japanese and US stocks necessary in the new NISA era. Izumida Ryōsuke's new channel, "Izumida Ryōsuke," is launching! Hello, I'm Izumida Ryōsuke. This channel features my experience as a former institutional investor and securities analyst, providing easy-to-understand explanations of professional corporate analysis and economic news for individual investors. ▼What you can learn from this channel: Instead of short-term information like "buy this stock and you'll make money," we deliver content that cultivates a fundamental "eye for evaluating companies." Professional Corporate Analysis: Deciphering the "true value of a company" behind financial statements and news. Valuation (Pricing): Is the stock price undervalued? Overvalued? Explaining the logic of institutional investors. ■Ryosuke Izumida Profile Securities Analyst After graduating from Keio University's Faculty of Commerce, he worked as a portfolio manager and securities analyst for foreign and Japanese stocks at Nippon Life Insurance and Fidelity Investments. He completed his Master's degree at Keio University Graduate School of System Design and Management. Certified Securities Analyst (CMA) of the Securities Analysts Association of Japan. Part-time lecturer at Tokyo University of Science Graduate School, lecturing on energy and industrial architecture. ■Books "Stock Investment Methods That Don't Require Forecasts, Known Only to Institutional Investors" https://amzn.asia/d/9ZYntIf "The Industrial Landscape Where Technology Will Reshape Everything" https://amzn.asia/d/4u3GYpI "Google vs. Toyota: Self-Driving Cars are Just the Beginning" https://amzn.asia/d/3E1vHv6 "What Will Happen to Banks?" https://amzn.asia/d/fw4fYhB "Japan's Electronics Industry: What Will Determine Success or Failure?" https://amzn.asia/d/gGnQe7m *The information on this channel is provided for informational purposes only, representing the personal views of an analyst. It does not endorse any specific stocks or investment methods. Investment is at your own risk. #NISA #Investment #JapaneseStocks