Okamoto Glass

Basic Information

Stock Code
7746
Industry
Precision Instruments
Category Detail
Ceramics, Clay & Stone Products
Prefecture
Chiba Prefecture
Establishment Year
March 1947
Listing Year
December 2003
Official Website
https://ogc-jp.com/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Himeji Rika, Temona, AGC, Nippon Sheet Glass, TB Group, RISE

Overview

Okamoto Glass is a special glass and optical equipment manufacturer established in 1947, and is an industry leader with an 80% global market share in dental light reflectors.

Current Situation

Okamoto Glass recorded consolidated sales of approximately 4.9 billion yen and operating profit of approximately 130 million yen for the fiscal year ended March 2023, with strengths in special glass and optical products. Its main products, such as reflectors and fly-eye lenses, hold high market shares in the domestic and international dental sectors and projector markets. In recent years, the company has focused on expanding into new areas such as thin-film technology applications and optical systems for concentrating solar cells, while promoting technological innovation. Production efficiency has improved through outsourcing fly-eye lens vapor deposition to the Philippines and increasing in-house production rates. As part of its social responsibility, it advances environmental considerations and strengthens development of high-value-added products based on high-precision processing technology for special glass. It is also actively pursuing new business ventures, such as participating in the development of unmanned deep-sea exploration devices through a business development group. Moving forward, it aims for medium- to long-term growth by expanding its diverse optical product lineup and developing overseas markets.

Trivia

Interesting Facts

  • Holds 80% global share in dental light reflectors.
  • Veteran special glass manufacturer founded in 1947.
  • Domestic top share in projector reflectors.
  • One of the few companies outsourcing vapor deposition production to the Philippines.
  • Participating company in the development of unmanned deep-sea exploration device 'Edokko 1'.
  • Also manufactures glass for ship lighting and explosion-proof microwave glass.
  • Optimized manufacturing costs through improved in-house production rate.
  • Addresses diverse industrial needs with special thin-film technology.
  • Representative Director, Chairman and CEO is Takeshi Okamoto.
  • Paid-in capital of approx. 2.5 billion yen, approx. 240 consolidated employees.
  • Part of a group with over 100 years of history.
  • One of the pioneers in multinational outsourcing production.
  • Known for holding numerous industry patents.
  • Focuses on strengthening ties with the local community.
  • Listed on the Tokyo Stock Exchange Standard Market.

Hidden Connections

  • Lead company in unmanned deep-sea exploration device development project with the Ocean Research and Development Organization.
  • Formed overseas manufacturing network through production outsourcing to the Philippines.
  • Holds strong long-term partnerships in the dental equipment industry.
  • Advancing product deployment into other industries using optical technology.
  • Many products correspond to diverse applications in domestic and international special optical markets.
  • Has capital relationships with related companies such as Okamoto Kogyo.
  • Promotes management participation through employee stock ownership association.
  • Collaborates with local SMEs and universities on technology development.

Future Outlook

Growth Drivers

  • Global demand expansion for medical special glass.
  • Progress in high-functionalization of imaging and optical equipment markets.
  • Increasing demand for optical products in environmental energy fields.
  • New market development through expanded thin-film technology applications.
  • Strengthened product competitiveness through in-house production promotion.
  • Expansion and efficiency of overseas production networks.
  • Technology deployment into next-generation medical equipment fields.
  • Technological innovation through collaboration with public research institutions.
  • Introduction of sustainable manufacturing processes.
  • Innovation in development and production through digital technology utilization.
  • Expanded product deployment across diverse industries.
  • Customer trust acquisition through strengthened quality control.

Strategic Goals

  • Global share expansion in medical optical products.
  • Product diversification in projectors and environmental products.
  • Achievement of in-house production rate over 75%.
  • Establishment of reduced environmental impact and sustainable manufacturing system.
  • Achievement of over 50% overseas sales ratio.
  • Maintenance of R&D expenses to sales ratio over 5%.
  • New business creation through strengthened regional collaboration.
  • Development of advanced technicians and technology succession system.
  • Production innovation through digitalization promotion.
  • Construction of management base meeting ESG investment standards.

Business Segments

Medical Equipment Parts

Overview
Provides high-precision special glass parts for medical equipment. Holds high share especially in the dental field.
Competitiveness
World-class reflector manufacturing technology
Customers
  • Dental Medical Equipment Manufacturers
  • Hospitals and Clinics
  • Medical Equipment Distributors
  • Research Institutions
Products
  • Dental Light Reflector
  • Optical Filter
  • Special Glass Parts

Imaging and Optical Equipment

Overview
Supplies high-performance glass products for imaging equipment and optical equipment fields.
Competitiveness
Domestic top share in projector reflector manufacturing
Customers
  • Projector Manufacturers
  • Optical Equipment Manufacturers
  • Electronics Manufacturers
  • Defense-Related Companies
Products
  • Projector Reflector
  • Fly-Eye Lens
  • Optical Filter

Energy-Related Parts

Overview
Supplies special glass that enhances concentration performance for the solar cell field.
Competitiveness
Development technology for high-precision concentrating optical glass
Customers
  • Solar Cell Manufacturers
  • Renewable Energy Companies
  • Electronic Component Distributors
Products
  • Optical Glass for Concentrating Solar Cells
  • High-Function Thin-Film Glass

Industrial Special Glass

Overview
Provides functional special glass for various industries.
Competitiveness
Glass technology corresponding to diverse industrial fields
Customers
  • Automotive Manufacturers
  • Lighting Equipment Manufacturers
  • Ship-Related Companies
  • Electronics Manufacturing Companies
Products
  • Heat-Resistant Glass
  • Explosion-Proof Microwave Glass
  • Ship Lighting Glass

Research and Development Support

Overview
Provides high-precision optical parts to research and development institutions, supporting new business development.
Competitiveness
Advanced optical processing technology and development capabilities
Customers
  • University Research Institutions
  • Public Research Institutions
  • Ocean Research and Development Organization
Products
  • Custom Optical Parts
  • Special Reflectors
  • Deep-Sea Exploration Device Parts

Competitive Advantage

Strengths

  • 80% global share in dental light reflectors
  • High-precision special glass manufacturing technology
  • Diverse optical product portfolio
  • Stable production system and in-house production promotion
  • Long track record and reliability in the industry
  • Continuous investment in technological innovation
  • Solid financial foundation
  • Customer-oriented development system
  • Domestic top share in optical reflectors
  • Product deployment across diverse industries
  • Participation in unmanned deep-sea exploration device development
  • Vapor deposition production outsourcing to the Philippines
  • Rapid product delivery system
  • Specialized manufacturing expertise
  • Thorough compliance with high-quality standards

Competitive Advantages

  • Overwhelming share in dental medical equipment field
  • Product differentiation through advanced thin-film vapor deposition technology
  • Cost competitiveness from improved in-house production rate
  • Market expansion capability from diverse optical product lineup
  • Proprietary projector reflector manufacturing technology
  • Reliability on the Tokyo Stock Exchange Standard Market
  • Secured long-term stable supply system
  • Technological innovation through strengthened collaboration with research institutions
  • Regionally focused production and service provision
  • Improved production efficiency through multinational outsourcing
  • Adaptability to broad customer base and diverse applications
  • Uniqueness in high-reliability optical coating technology
  • New business development led by business development group
  • High employee technical skills and expertise
  • Sustainable environmentally considerate manufacturing

Threats

  • Risk of fluctuations in international glass material supply and demand
  • Intensified competition from rapid advances in optical technology
  • Entry of low-price products from emerging country manufacturers
  • Impact of exchange rate fluctuations on raw material costs
  • Increased manufacturing costs from strengthened environmental regulations
  • Development burden from escalating customer product requirements
  • Risk of regulatory changes in the medical equipment field
  • Instability in natural resource supply
  • Impact on production procurement from geopolitical risks
  • Changes in major customers' purchasing strategies
  • Production capacity constraints from labor shortages
  • Patent disputes and intellectual property risks

Innovations

2024: Development of High-Functionality Optical Filters

Overview
Developed high-transmittance and high-durability optical filters using the latest thin-film technology.
Impact
Enhanced product performance strengthens market competitiveness

2023: Expansion of Fly-Eye Lens Vapor Deposition Technology Outsourcing

Overview
Expanded vapor deposition production lines in the Philippines to achieve production efficiency and cost improvements.
Impact
10% reduction in production costs and improved market responsiveness

2022: Development of Optical Glass for Concentrating Solar Cells

Overview
Newly developed high-concentration performance glass for solar cells to aim for new market development.
Impact
Reduced environmental impact through improved energy efficiency

2021: Start of Optical Parts Supply for Unmanned Deep-Sea Exploration Devices

Overview
Began manufacturing and delivering high-performance optical parts for the Ocean Research and Development Organization.
Impact
Entry into new business fields and technology expansion

2020: Promotion of In-House Production Rate Improvement Project

Overview
Improved quality control and cost efficiency by increasing in-house production.
Impact
Achieved both cost reduction and high-quality maintenance

Sustainability

  • Optimization of manufacturing processes to reduce environmental impact
  • Implementation of waste recycling rate improvement programs
  • Promotion of energy-saving equipment introduction
  • Active participation in local environmental conservation activities
  • Promotion of sustainable resource procurement
  • Implementation of employee environmental awareness training
  • Promotion of resource reduction and reuse in product design
  • Strengthened operation of ISO14001 environmental management system
  • Thorough reduction and management of hazardous substances
  • Establishment of green procurement policy
  • Promotion of environmental measures across the entire supply chain
  • Improvement of sustainability through collaboration with local communities