Harmonic Drive Systems Inc. logo

Harmonic Drive Systems Inc.

6324.T

JPXIndustrialsIndustrial - Machinery

Latest quote

¥5,680

−¥20.00 · -0.35%

Aug 24, 3:30 PM JST

6324.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Operating globally, Harmonic Drive Systems Inc. specializes in the manufacture and distribution of high-precision control systems and their constituent parts. Their diverse product lineup encompasses various motion control elements such as speed reduction gears, rotational and linear actuators, AC servo motors, and a broad array of other mechatronic devices. A notable offering is the specialized HarmonicDrive, designed for aerospace applications. The company also provides high-accuracy planetary-gear speed reducers marketed under the AccuDrive and Harmonic Planetary brands, alongside BEAM SERVO galvano mirror optical scanners and Harmonicsyn incremental encoders. These advanced components are integral to critical applications in fields such as industrial robotics, semiconductor fabrication equipment, and numerous other technological systems. Harmonic Drive Systems Inc. was established in Tokyo, Japan, in 1970, where its corporate headquarters remain.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
JP
CEO
Akira Maruyama
Listed since
Mar 20, 1998
Employees
1,419

Market position

Day range

Current ¥5,680

52-week range

Current ¥5,680

Open
¥5,700
Previous close
¥5,700
Volume
843.2K
0.46× average
Average volume
1.85M
Average daily volume
Market cap
537.71B JPY
Beta
1.04
Market reference 1
50-day average
¥7,035.8
-19.27% below average
200-day average
¥5,008.06
+13.42% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
324.56B JPY
P/E (TTM)
184.12×
P/B (TTM)
6.61×
P/S (TTM)
8.57×
EV / EBITDA
32.74×
Earnings yield
0.49%
Free cash flow yield
0.22%
Dividend yield
0.35%

Profitability & efficiency

Gross margin
32.25%
Operating margin
6.83%
Net margin
4.66%
Return on equity
2.00%
Return on assets
1.44%
Return on invested capital
1.73%

Financial health

Debt / equity
0.21×
Current ratio
4.16×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends43%11%-21%-52%Gross margin, FY2022: 35.23%Gross margin, FY2023: 32.80%Gross margin, FY2024: 23.39%Gross margin, FY2025: 23.77%Gross margin, FY2026: 30.45%Operating margin, FY2022: 15.31%Operating margin, FY2023: 14.29%Operating margin, FY2024: 0.22%Operating margin, FY2025: 0.01%Operating margin, FY2026: 4.31%Net margin, FY2022: 11.64%Net margin, FY2023: 10.62%Net margin, FY2024: -44.46%Net margin, FY2025: 6.24%Net margin, FY2026: 2.70%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 35.23%. Gross margin FY2023 32.80%. Gross margin FY2024 23.39%. Gross margin FY2025 23.77%. Gross margin FY2026 30.45%. Operating margin FY2022 15.31%. Operating margin FY2023 14.29%. Operating margin FY2024 0.22%. Operating margin FY2025 0.01%. Operating margin FY2026 4.31%. Net margin FY2022 11.64%. Net margin FY2023 10.62%. Net margin FY2024 -44.46%. Net margin FY2025 6.24%. Net margin FY2026 2.70%.

Income trends

Revenue

59.56B JPY+7.03%

Operating income

2.57B JPY+36606.85%

Net income

1.61B JPY-53.68%
Income trends across reported periods81.16B JPY42.63B JPY4.09B JPY−34.44B JPYRevenue, FY2022: 57.09B JPYRevenue, FY2023: 71.53B JPYRevenue, FY2024: 55.8B JPYRevenue, FY2025: 55.65B JPYRevenue, FY2026: 59.56B JPYOperating income, FY2022: 8.74B JPYOperating income, FY2023: 10.22B JPYOperating income, FY2024: 124.58M JPYOperating income, FY2025: 7M JPYOperating income, FY2026: 2.57B JPYNet income, FY2022: 6.64B JPYNet income, FY2023: 7.6B JPYNet income, FY2024: −24.81B JPYNet income, FY2025: 3.47B JPYNet income, FY2026: 1.61B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 57.09B JPY. Revenue FY2023 71.53B JPY. Revenue FY2024 55.8B JPY. Revenue FY2025 55.65B JPY. Revenue FY2026 59.56B JPY. Operating income FY2022 8.74B JPY. Operating income FY2023 10.22B JPY. Operating income FY2024 124.58M JPY. Operating income FY2025 7M JPY. Operating income FY2026 2.57B JPY. Net income FY2022 6.64B JPY. Net income FY2023 7.6B JPY. Net income FY2024 −24.81B JPY. Net income FY2025 3.47B JPY. Net income FY2026 1.61B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue59.56B JPY55.65B JPY55.8B JPY71.53B JPY57.09B JPY
Cost of goods sold41.42B JPY42.42B JPY42.75B JPY48.06B JPY36.98B JPY
Gross profit18.13B JPY13.23B JPY13.05B JPY23.46B JPY20.11B JPY
Research and development3.78B JPY3.61B JPY3.27B JPY3.01B JPY
Selling, general, and administrative15.57B JPY9.44B JPY9.31B JPY9.96B JPY8.36B JPY
Operating expenses15.57B JPY13.22B JPY12.93B JPY13.24B JPY11.37B JPY
Interest income211.38M JPY316.41M JPY96.86M JPY14.95M JPY12.98M JPY
Interest expense259.61M JPY224.48M JPY177.07M JPY166.98M JPY138.18M JPY
Depreciation and amortization7.36B JPY8.02B JPY10.36B JPY9.57B JPY8.25B JPY
Operating income2.57B JPY7M JPY124.58M JPY10.22B JPY8.74B JPY
Net income1.61B JPY3.47B JPY−24.81B JPY7.6B JPY6.64B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 8 misses, 0 met estimates
Average EPS surprise
-398.87%
11 comparable reports
Latest EPS result
13.46
Estimate 13.13 · Beat by 2.51%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates52.6432.2911.94-8.41Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 5.22, estimate 8.15, surprise -35.95%, Miss. Q2 2025, reported May 14, 2025: actual 40.3, estimate 48.43, surprise -16.79%, Miss. Q3 2025, reported Aug 6, 2025: actual -0.4, estimate -4.2, surprise +90.48%, Beat. Q4 2025, reported Nov 12, 2025: actual 3.75, estimate -2.8, surprise +233.93%, Beat. Q1 2026, reported Feb 10, 2026: actual 4.78, estimate 5.3, surprise -9.81%, Miss. Q2 2026, reported May 13, 2026: actual 8.86, estimate 23.95, surprise -63.01%, Miss. Q3 2026, reported Aug 7, 2026: actual 13.46, estimate 13.13, surprise +2.51%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 12.7, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates20.44B17.68B14.93B12.18BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 13.8B JPY, estimate 12.97B JPY, surprise +6.46%, Beat. Q2 2025, reported May 14, 2025: actual 15.28B JPY, estimate 13.64B JPY, surprise +12.06%, Beat. Q3 2025, reported Aug 6, 2025: actual 13.5B JPY, estimate 13.27B JPY, surprise +1.73%, Beat. Q4 2025, reported Nov 12, 2025: actual 14.34B JPY, estimate 13.4B JPY, surprise +7.00%, Beat. Q1 2026, reported Feb 10, 2026: actual 14.35B JPY, estimate 14.83B JPY, surprise -3.29%, Miss. Q2 2026, reported May 13, 2026: actual 17.37B JPY, estimate 15.91B JPY, surprise +9.20%, Beat. Q3 2026, reported Aug 7, 2026: actual 16.68B JPY, estimate 16.89B JPY, surprise -1.26%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 19.65B JPY, surprise —, Comparison unavailable.

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