Harmonic Drive Systems（K3R）株式概要ハーモニック・ドライブ・システムズ社は、精密制御機器とコンポーネントを世界中で製造・販売している。 詳細K3R ファンダメンタル分析スノーフレーク・スコア評価0/6将来の成長4/6過去の実績1/6財務の健全性5/6配当金0/6報酬収益は年間28.55%増加すると予測されています リスク分析German市場と比較して、過去 3 か月間の株価の変動が非常に大きい利益率(2.7%)は昨年より低い(6.2%) すべてのリスクチェックを見るK3R Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€42.0010.8% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-25b96b2016201920222025202620282031Revenue JP¥96.4bEarnings JP¥2.6bAdvancedSet Fair ValueView all narrativesHarmonic Drive Systems Inc. 競合他社DMG MORISymbol: XTRA:GILMarket cap: €3.7bKronesSymbol: XTRA:KRNMarket cap: €3.7bRATIONALSymbol: XTRA:RAAMarket cap: €7.5bPfeiffer Vacuum TechnologySymbol: XTRA:PFVMarket cap: €1.6b価格と性能株価の高値、安値、推移の概要Harmonic Drive Systems過去の株価現在の株価JP¥42.0052週高値JP¥45.8452週安値JP¥13.00ベータ0.931ヶ月の変化43.30%3ヶ月変化66.67%1年変化112.12%3年間の変化35.48%5年間の変化-3.23%IPOからの変化-17.65%最新ニュースお知らせ • May 14Harmonic Drive Systems Inc., Annual General Meeting, Jun 19, 2026Harmonic Drive Systems Inc., Annual General Meeting, Jun 19, 2026.お知らせ • May 10+ 2 more updatesHarmonic Drive Systems Inc. to Report Q3, 2027 Results on Feb 09, 2027Harmonic Drive Systems Inc. announced that they will report Q3, 2027 results on Feb 09, 2027お知らせ • Apr 07Harmonic Drive Systems Inc. to Report Fiscal Year 2026 Results on May 13, 2026Harmonic Drive Systems Inc. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026お知らせ • Feb 21Harmonic Drive Systems Inc. Announces Changes in Directors and Audit & Supervisory Board Members, Scheduled Effective Date: Mid-June 2026Harmonic Drive Systems Inc. announced that, at the meeting of the Board of Directors held on February 20, 2026, the Company resolved as follows regarding Changes in Directors and Audit & Supervisory Board Members. This will be officially approved at the Ordinary General Meeting of Shareholders for fiscal 2025 to be held in mid-June 2026 and at the following meetings of the Board of Directors and the Audit & Supervisory Board. The company announced the retirement of Yoshihiro Tanioka as Director and Masanobu Nakamura as Outside Director. Scheduled Effective Date: Mid-June 2026. Yoshihiro Tanioka will be Technical Advisor after Retirement. The company announced retirement of Hidefumi Iguchi as Audit & Supervisory Board Member (Full-time). Hidefumi Iguchi will be Advisor after Retirement. Scheduled Effective Date: Mid-June 2026.お知らせ • May 14Harmonic Drive Systems Inc., Annual General Meeting, Jun 20, 2025Harmonic Drive Systems Inc., Annual General Meeting, Jun 20, 2025.お知らせ • Mar 07+ 3 more updatesHarmonic Drive Systems Inc. to Report Q1, 2026 Results on Aug 06, 2025Harmonic Drive Systems Inc. announced that they will report Q1, 2026 results on Aug 06, 2025最新情報をもっと見るRecent updatesお知らせ • May 14Harmonic Drive Systems Inc., Annual General Meeting, Jun 19, 2026Harmonic Drive Systems Inc., Annual General Meeting, Jun 19, 2026.お知らせ • May 10+ 2 more updatesHarmonic Drive Systems Inc. to Report Q3, 2027 Results on Feb 09, 2027Harmonic Drive Systems Inc. announced that they will report Q3, 2027 results on Feb 09, 2027お知らせ • Apr 07Harmonic Drive Systems Inc. to Report Fiscal Year 2026 Results on May 13, 2026Harmonic Drive Systems Inc. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026お知らせ • Feb 21Harmonic Drive Systems Inc. Announces Changes in Directors and Audit & Supervisory Board Members, Scheduled Effective Date: Mid-June 2026Harmonic Drive Systems Inc. announced that, at the meeting of the Board of Directors held on February 20, 2026, the Company resolved as follows regarding Changes in Directors and Audit & Supervisory Board Members. This will be officially approved at the Ordinary General Meeting of Shareholders for fiscal 2025 to be held in mid-June 2026 and at the following meetings of the Board of Directors and the Audit & Supervisory Board. The company announced the retirement of Yoshihiro Tanioka as Director and Masanobu Nakamura as Outside Director. Scheduled Effective Date: Mid-June 2026. Yoshihiro Tanioka will be Technical Advisor after Retirement. The company announced retirement of Hidefumi Iguchi as Audit & Supervisory Board Member (Full-time). Hidefumi Iguchi will be Advisor after Retirement. Scheduled Effective Date: Mid-June 2026.お知らせ • May 14Harmonic Drive Systems Inc., Annual General Meeting, Jun 20, 2025Harmonic Drive Systems Inc., Annual General Meeting, Jun 20, 2025.お知らせ • Mar 07+ 3 more updatesHarmonic Drive Systems Inc. to Report Q1, 2026 Results on Aug 06, 2025Harmonic Drive Systems Inc. announced that they will report Q1, 2026 results on Aug 06, 2025お知らせ • Jan 16Harmonic Drive Systems Inc. (TSE:6324) announces an Equity Buyback for 400,000 shares, representing 0.42% for ¥1,200 million.Harmonic Drive Systems Inc. (TSE:6324) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 0.42% of its share capital, for ¥1,200 million. The purpose of the program is to implement flexible capital policies with a view to returning profits to shareholders and improving capital efficiency. The program will expire on June 30, 2025. As of December 31, 2024, the company had 94,993,134 shares in issue (excluding treasury stock) and 1,322,266 shares in treasury.お知らせ • Nov 22Harmonic Drive Systems Inc. Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025Harmonic Drive Systems Inc. provided consolidated and non-consolidated earnings guidance for the Fiscal Year Ending March 31, 2025. For the year, on consolidated basis, the company expects net sales of JPY 54,000 million, operating loss of JPY 400 million, loss attributable to owners of parent of JPY 400 million and basic loss per share of JPY 4.21 against previous forecast of net sales of JPY 58,500 million, operating profit of JPY 2,700 million, profit attributable to owners of parent JPY 2,000 million and basic earnings per share of JPY 21.06. For the year, on non-consolidated basis, the company expects net sales of JPY 30,000 million, operating loss of JPY 700 million, loss attributable to owners of parent of JPY 500 million and basic loss per share of JPY 5.26 against previous forecast of net sales of JPY 34,000 million, operating profit of JPY 600 million, profit of JPY 600 million and basic earnings per share of JPY 4.74.お知らせ • Nov 21Harmonic Drive Systems Inc. Announces Dividend for the Second Quarter-End of Fiscal Year Ending March 31, 2025, Payable on December 5, 2024Harmonic Drive Systems Inc. announced dividend for the second quarter-end of fiscal year ending March 31, 2025. For the second-quarter, Company announced dividend of JPY 10.00 per share against JPY 10.00 per share paid a year ago. Scheduled date of commencing dividend payments: December 5, 2024.Reported Earnings • Nov 16Second quarter 2025 earnings released: JP¥5.97 loss per share (vs JP¥0.85 profit in 2Q 2024)Second quarter 2025 results: JP¥5.97 loss per share (down from JP¥0.85 profit in 2Q 2024). Revenue: JP¥13.6b (down 1.4% from 2Q 2024). Net loss: JP¥566.7m (down JP¥647.7m from profit in 2Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Sep 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.5%).Declared Dividend • Jul 11Final dividend of JP¥10.00 announcedShareholders will receive a dividend of JP¥10.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 40%, which is higher than the industry average of 2.6%. Payout Ratios Payout ratio: 135%. Cash payout ratio: 26%.Reported Earnings • Jun 28Full year 2024 earnings released: JP¥261 loss per share (vs JP¥79.66 profit in FY 2023)Full year 2024 results: JP¥261 loss per share (down from JP¥79.66 profit in FY 2023). Revenue: JP¥55.8b (down 22% from FY 2023). Net loss: JP¥24.8b (down 427% from profit in FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Jun 12Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 1.6% to €25.80. The fair value is estimated to be €20.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Jun 06Harmonic Drive Systems Inc. Provides Consolidated and Non-Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2025Harmonic Drive Systems Inc. provided consolidated and non-consolidated earnings guidance for the first half and fiscal year ending March 31, 2025. For the first half, on Consolidated basis Company expected net sales of JPY 27,000 million, operating profit of JPY 100 million, profit attributable to owners of parent JPY 100 million and basic earnings per share of JPY 1.05. For the Year, on Consolidated basis Company expected net sales of JPY 58,500 million, operating profit of JPY 2,700 million, profit attributable to owners of parent JPY 2,000 million and basic earnings per share of JPY 21.06.For Non-consolidated basis, For the first half, Company expected net sales of JPY 15,000 million, operating loss of JPY 200 million, loss of JPY 100 million and basic loss per share of JPY 1.05. For the year, Company expected net sales of JPY 34,000 million, operating profit of JPY 600 million, profit of JPY 600 million and basic earnings per share of JPY 4.74.Buy Or Sell Opportunity • May 20Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to €24.60. The fair value is estimated to be €19.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • May 16Full year 2024 earnings released: JP¥261 loss per share (vs JP¥79.66 profit in FY 2023)Full year 2024 results: JP¥261 loss per share (down from JP¥79.66 profit in FY 2023). Revenue: JP¥55.8b (down 22% from FY 2023). Net loss: JP¥24.8b (down 427% from profit in FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.お知らせ • May 15Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2024Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%).お知らせ • Mar 07+ 3 more updatesHarmonic Drive Systems Inc. to Report Fiscal Year 2024 Results on May 13, 2024Harmonic Drive Systems Inc. announced that they will report fiscal year 2024 results on May 13, 2024Buy Or Sell Opportunity • Mar 05Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.7% to €26.60. The fair value is estimated to be €22.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 47% per annum over the same time period.Reported Earnings • Feb 11Third quarter 2024 earnings released: JP¥7.52 loss per share (vs JP¥24.77 profit in 3Q 2023)Third quarter 2024 results: JP¥7.52 loss per share (down from JP¥24.77 profit in 3Q 2023). Revenue: JP¥13.2b (down 34% from 3Q 2023). Net loss: JP¥715.0m (down 130% from profit in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.Buying Opportunity • Jan 05Now 23% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be €31.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings is also forecast to grow by 35% per annum over the same time period.お知らせ • Dec 08Harmonic Drive Systems Inc. has filed a Follow-on Equity Offering.Harmonic Drive Systems Inc. has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 4,379,400 Transaction Features: Rule 144A; Subsequent Direct Listingお知らせ • Dec 07Harmonic Drive Systems Inc. (TSE:6324) announces an Equity Buyback for 700,000 shares, representing 0.74% for ¥2,000 million.Harmonic Drive Systems Inc. (TSE:6324) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 0.74% of its share capital, for ¥2,000 million. The purpose of the program is to alleviate the short-term impact on company stock supply and demand and reducing the impact on existing shareholders. The program will expire on January 19, 2024. As of September 30, 2023, the company had 95,081,151 shares in issue (excluding treasury stock) and 1,234,249 shares in treasury.Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥0.85 (vs JP¥18.21 in 2Q 2023)Second quarter 2024 results: EPS: JP¥0.85 (down from JP¥18.21 in 2Q 2023). Revenue: JP¥13.8b (down 23% from 2Q 2023). Net income: JP¥81.0m (down 95% from 2Q 2023). Profit margin: 0.6% (down from 9.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 21Upcoming dividend of JP¥3.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%).Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥2.44 (vs JP¥12.54 in 1Q 2023)First quarter 2024 results: EPS: JP¥2.44 (down from JP¥12.54 in 1Q 2023). Revenue: JP¥15.0b (down 4.4% from 1Q 2023). Net income: JP¥232.0m (down 81% from 1Q 2023). Profit margin: 1.5% (down from 7.7% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.New Risk • Jul 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Buying Opportunity • Jul 13Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.4%. The fair value is estimated to be €33.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings is also forecast to grow by 22% per annum over the same time period.Valuation Update With 7 Day Price Move • May 19Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €31.60, the stock trades at a forward P/E ratio of 125x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 35% over the past three years.お知らせ • May 17Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2023Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2023.Reported Earnings • May 15Full year 2023 earnings released: EPS: JP¥79.66 (vs JP¥69.01 in FY 2022)Full year 2023 results: EPS: JP¥79.66 (up from JP¥69.01 in FY 2022). Revenue: JP¥71.5b (up 25% from FY 2022). Net income: JP¥7.60b (up 14% from FY 2022). Profit margin: 11% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥17.00 per share at 0.6% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 28% and the cash payout ratio is 94%. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%).Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥24.77 (vs JP¥23.42 in 3Q 2022)Third quarter 2023 results: EPS: JP¥24.77 (up from JP¥23.42 in 3Q 2022). Revenue: JP¥19.9b (up 31% from 3Q 2022). Net income: JP¥2.36b (up 4.5% from 3Q 2022). Profit margin: 12% (down from 15% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Nov 21Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €30.00, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.57 per share.Board Change • Nov 17Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. 4 highly experienced directors. 4 independent directors (5 non-independent directors). Executive Chairman Mitsumasa Ito is the most experienced director on the board, commencing their role in 1976. Outside Independent Director Kazuhiko Hayashi was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 10Second quarter 2023 earnings released: EPS: JP¥18.21 (vs JP¥11.40 in 2Q 2022)Second quarter 2023 results: EPS: JP¥18.21 (up from JP¥11.40 in 2Q 2022). Revenue: JP¥17.8b (up 23% from 2Q 2022). Net income: JP¥1.73b (up 58% from 2Q 2022). Profit margin: 9.8% (up from 7.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥11.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.2%).Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: JP¥12.54 (vs JP¥11.65 in 1Q 2022)First quarter 2023 results: EPS: JP¥12.54 (up from JP¥11.65 in 1Q 2022). Revenue: JP¥15.7b (up 32% from 1Q 2022). Net income: JP¥1.20b (up 7.4% from 1Q 2022). Profit margin: 7.7% (down from 9.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 28%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jul 02Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €33.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 31%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 18% per annum over the same time period.Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to €25.60, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 11x in the Machinery industry in Germany. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €30.75 per share.お知らせ • May 18Harmonic Drive Systems Inc., Annual General Meeting, Jun 22, 2022Harmonic Drive Systems Inc., Annual General Meeting, Jun 22, 2022.Reported Earnings • May 17Full year 2022 earnings released: EPS: JP¥69.01 (vs JP¥6.88 in FY 2021)Full year 2022 results: EPS: JP¥69.01 (up from JP¥6.88 in FY 2021). Revenue: JP¥57.1b (up 54% from FY 2021). Net income: JP¥6.64b (up JP¥5.98b from FY 2021). Profit margin: 12% (up from 1.8% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 32%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • May 16Harmonic Drive Systems Inc. (TSE:6324) announces an Equity Buyback for 2,000,000 shares, representing 2.08% for ¥5,000 million.Harmonic Drive Systems Inc. (TSE:6324) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 2.08% of its share capital, for ¥5,000 million. The purpose of the program is to carry out a flexible capital policy. The program will expire on September 30, 2022. As of March 31, 2022, the company had 96,263,064 shares in issue (excluding treasury stock) and 52,336 shares in treasury.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Yoshio Fukuda was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Apr 08+ 3 more updatesHarmonic Drive Systems Inc. to Report Fiscal Year 2022 Results on May 13, 2022Harmonic Drive Systems Inc. announced that they will report fiscal year 2022 results on May 13, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (1.9%).Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €28.60, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 13x in the Machinery industry in Germany. Total loss to shareholders of 2.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €27.91 per share.Reported Earnings • Feb 09Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥23.42. Revenue: JP¥15.2b (up 70% from 3Q 2021). Net income: JP¥2.25b (up JP¥2.25b from 3Q 2021). Profit margin: 15% (up from 0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 35%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 14Second quarter 2022 earnings released: EPS JP¥11.40 (vs JP¥1.37 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥14.4b (up 72% from 2Q 2021). Net income: JP¥1.10b (up JP¥1.23b from 2Q 2021). Profit margin: 7.6% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Sep 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.0%).Reported Earnings • Aug 13First quarter 2022 earnings released: EPS JP¥11.65 (vs JP¥1.21 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥11.9b (up 28% from 1Q 2021). Net income: JP¥1.12b (up JP¥1.01b from 1Q 2021). Profit margin: 9.4% (up from 1.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.Reported Earnings • May 19Full year 2021 earnings released: EPS JP¥6.88 (vs JP¥8.64 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥37.0b (down 1.2% from FY 2020). Net income: JP¥662.0m (up JP¥1.49b from FY 2020). Profit margin: 1.8% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Mar 24Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (1.2%).Is New 90 Day High Low • Mar 05New 90-day low: €59.50The company is down 8.0% from its price of €65.00 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.15 per share.お知らせ • Mar 04+ 3 more updatesHarmonic Drive Systems Inc. to Report Q1, 2022 Results on Aug 06, 2021Harmonic Drive Systems Inc. announced that they will report Q1, 2022 results on Aug 06, 2021Reported Earnings • Feb 11Third quarter 2021 earnings released: EPS JP¥0.70 (vs JP¥8.48 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥8.94b (up 12% from 3Q 2020). Net income: JP¥67.0m (up JP¥883.0m from 3Q 2020). Profit margin: 0.7% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 87% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 11Revenue misses expectationsRevenue missed analyst estimates by 3.8%. Over the next year, revenue is forecast to grow 41%, compared to a 5.0% growth forecast for the Machinery industry in Germany.Is New 90 Day High Low • Dec 09New 90-day high: €68.00The company is up 44% from its price of €47.20 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.99 per share.Is New 90 Day High Low • Nov 19New 90-day high: €62.00The company is up 31% from its price of €47.20 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.43 per share.Analyst Estimate Surprise Post Earnings • Nov 14Revenue misses expectationsRevenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 34%, compared to a 2.5% growth forecast for the Machinery industry in Germany.Reported Earnings • Nov 14Second quarter 2021 earnings released: JP¥0.69 loss per shareThe company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥8.38b (down 16% from 2Q 2020). Net loss: JP¥66.0m (loss narrowed 35% from 2Q 2020).Is New 90 Day High Low • Nov 03New 90-day high: €56.00The company is up 15% from its price of €48.60 on 05 August 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.75 per share.Is New 90 Day High Low • Oct 14New 90-day high: €55.00The company is up 13% from its price of €48.60 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.58 per share.株主還元K3RDE MachineryDE 市場7D9.1%3.8%0.7%1Y112.1%1.6%2.0%株主還元を見る業界別リターン: K3R過去 1 年間で1.6 % の収益を上げたGerman Machinery業界を上回りました。リターン対市場: K3R過去 1 年間で2 % の収益を上げたGerman市場を上回りました。価格変動Is K3R's price volatile compared to industry and market?K3R volatilityK3R Average Weekly Movement15.2%Machinery Industry Average Movement5.3%Market Average Movement6.1%10% most volatile stocks in DE Market13.1%10% least volatile stocks in DE Market2.7%安定した株価: K3Rの株価は、 German市場と比較して過去 3 か月間で変動しています。時間の経過による変動: K3Rの weekly volatility ( 15% ) は過去 1 年間安定していますが、依然としてGermanの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19701,384Akira Maruyamawww.hds.co.jpハーモニック・ドライブ・システムズ社は、精密制御機器とコンポーネントを世界中で製造・販売している。減速機、ロータリーアクチュエータ、リニアアクチュエータ、ACサーボモータ、その他メカトロニクス製品、オータ、センサ、ドライバ、コントローラ、その他システムエレメントを提供している。また、宇宙用減速機ハーモニックドライブ、アキュドライブおよびハーモニックプラネタリーブランドの高精度遊星減速機、サーボモーターシリーズ用高性能ギアヘッドも提供している。同社の製品は産業用ロボット、半導体製造装置、その他のシステムに使用されている。ハーモニック・ドライブ・システムズ社は1970年に設立され、東京に本社を置く。もっと見るHarmonic Drive Systems Inc. 基礎のまとめHarmonic Drive Systems の収益と売上を時価総額と比較するとどうか。K3R 基礎統計学時価総額€3.97b収益（TTM）€8.65m売上高(TTM)€320.55m459.2xPER（株価収益率12.4xP/SレシオK3R は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計K3R 損益計算書（TTM）収益JP¥59.56b売上原価JP¥41.43b売上総利益JP¥18.13bその他の費用JP¥16.52b収益JP¥1.61b直近の収益報告Mar 31, 2026次回決算日Aug 07, 2026一株当たり利益（EPS）16.99グロス・マージン30.44%純利益率2.70%有利子負債／自己資本比率16.4%K3R の長期的なパフォーマンスは？過去の実績と比較を見る配当金0.3%現在の配当利回り41%配当性向K3R 配当は確実ですか？K3R 配当履歴とベンチマークを見るK3R 、いつまでに購入すれば配当金を受け取れますか？Harmonic Drive Systems 配当日配当落ち日Mar 30 2026配当支払日Jun 22 2026配当落ちまでの日数62 days配当支払日までの日数22 daysK3R 配当は確実ですか？K3R 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/31 03:42終値2026/05/29 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Harmonic Drive Systems Inc. 11 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。17 アナリスト機関Jay HuangBernsteinTakahiro InoueCitigroup IncXiaolu ZhengDeutsche Bank14 その他のアナリストを表示
お知らせ • May 14Harmonic Drive Systems Inc., Annual General Meeting, Jun 19, 2026Harmonic Drive Systems Inc., Annual General Meeting, Jun 19, 2026.
お知らせ • May 10+ 2 more updatesHarmonic Drive Systems Inc. to Report Q3, 2027 Results on Feb 09, 2027Harmonic Drive Systems Inc. announced that they will report Q3, 2027 results on Feb 09, 2027
お知らせ • Apr 07Harmonic Drive Systems Inc. to Report Fiscal Year 2026 Results on May 13, 2026Harmonic Drive Systems Inc. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026
お知らせ • Feb 21Harmonic Drive Systems Inc. Announces Changes in Directors and Audit & Supervisory Board Members, Scheduled Effective Date: Mid-June 2026Harmonic Drive Systems Inc. announced that, at the meeting of the Board of Directors held on February 20, 2026, the Company resolved as follows regarding Changes in Directors and Audit & Supervisory Board Members. This will be officially approved at the Ordinary General Meeting of Shareholders for fiscal 2025 to be held in mid-June 2026 and at the following meetings of the Board of Directors and the Audit & Supervisory Board. The company announced the retirement of Yoshihiro Tanioka as Director and Masanobu Nakamura as Outside Director. Scheduled Effective Date: Mid-June 2026. Yoshihiro Tanioka will be Technical Advisor after Retirement. The company announced retirement of Hidefumi Iguchi as Audit & Supervisory Board Member (Full-time). Hidefumi Iguchi will be Advisor after Retirement. Scheduled Effective Date: Mid-June 2026.
お知らせ • May 14Harmonic Drive Systems Inc., Annual General Meeting, Jun 20, 2025Harmonic Drive Systems Inc., Annual General Meeting, Jun 20, 2025.
お知らせ • Mar 07+ 3 more updatesHarmonic Drive Systems Inc. to Report Q1, 2026 Results on Aug 06, 2025Harmonic Drive Systems Inc. announced that they will report Q1, 2026 results on Aug 06, 2025
お知らせ • May 14Harmonic Drive Systems Inc., Annual General Meeting, Jun 19, 2026Harmonic Drive Systems Inc., Annual General Meeting, Jun 19, 2026.
お知らせ • May 10+ 2 more updatesHarmonic Drive Systems Inc. to Report Q3, 2027 Results on Feb 09, 2027Harmonic Drive Systems Inc. announced that they will report Q3, 2027 results on Feb 09, 2027
お知らせ • Apr 07Harmonic Drive Systems Inc. to Report Fiscal Year 2026 Results on May 13, 2026Harmonic Drive Systems Inc. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026
お知らせ • Feb 21Harmonic Drive Systems Inc. Announces Changes in Directors and Audit & Supervisory Board Members, Scheduled Effective Date: Mid-June 2026Harmonic Drive Systems Inc. announced that, at the meeting of the Board of Directors held on February 20, 2026, the Company resolved as follows regarding Changes in Directors and Audit & Supervisory Board Members. This will be officially approved at the Ordinary General Meeting of Shareholders for fiscal 2025 to be held in mid-June 2026 and at the following meetings of the Board of Directors and the Audit & Supervisory Board. The company announced the retirement of Yoshihiro Tanioka as Director and Masanobu Nakamura as Outside Director. Scheduled Effective Date: Mid-June 2026. Yoshihiro Tanioka will be Technical Advisor after Retirement. The company announced retirement of Hidefumi Iguchi as Audit & Supervisory Board Member (Full-time). Hidefumi Iguchi will be Advisor after Retirement. Scheduled Effective Date: Mid-June 2026.
お知らせ • May 14Harmonic Drive Systems Inc., Annual General Meeting, Jun 20, 2025Harmonic Drive Systems Inc., Annual General Meeting, Jun 20, 2025.
お知らせ • Mar 07+ 3 more updatesHarmonic Drive Systems Inc. to Report Q1, 2026 Results on Aug 06, 2025Harmonic Drive Systems Inc. announced that they will report Q1, 2026 results on Aug 06, 2025
お知らせ • Jan 16Harmonic Drive Systems Inc. (TSE:6324) announces an Equity Buyback for 400,000 shares, representing 0.42% for ¥1,200 million.Harmonic Drive Systems Inc. (TSE:6324) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 0.42% of its share capital, for ¥1,200 million. The purpose of the program is to implement flexible capital policies with a view to returning profits to shareholders and improving capital efficiency. The program will expire on June 30, 2025. As of December 31, 2024, the company had 94,993,134 shares in issue (excluding treasury stock) and 1,322,266 shares in treasury.
お知らせ • Nov 22Harmonic Drive Systems Inc. Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025Harmonic Drive Systems Inc. provided consolidated and non-consolidated earnings guidance for the Fiscal Year Ending March 31, 2025. For the year, on consolidated basis, the company expects net sales of JPY 54,000 million, operating loss of JPY 400 million, loss attributable to owners of parent of JPY 400 million and basic loss per share of JPY 4.21 against previous forecast of net sales of JPY 58,500 million, operating profit of JPY 2,700 million, profit attributable to owners of parent JPY 2,000 million and basic earnings per share of JPY 21.06. For the year, on non-consolidated basis, the company expects net sales of JPY 30,000 million, operating loss of JPY 700 million, loss attributable to owners of parent of JPY 500 million and basic loss per share of JPY 5.26 against previous forecast of net sales of JPY 34,000 million, operating profit of JPY 600 million, profit of JPY 600 million and basic earnings per share of JPY 4.74.
お知らせ • Nov 21Harmonic Drive Systems Inc. Announces Dividend for the Second Quarter-End of Fiscal Year Ending March 31, 2025, Payable on December 5, 2024Harmonic Drive Systems Inc. announced dividend for the second quarter-end of fiscal year ending March 31, 2025. For the second-quarter, Company announced dividend of JPY 10.00 per share against JPY 10.00 per share paid a year ago. Scheduled date of commencing dividend payments: December 5, 2024.
Reported Earnings • Nov 16Second quarter 2025 earnings released: JP¥5.97 loss per share (vs JP¥0.85 profit in 2Q 2024)Second quarter 2025 results: JP¥5.97 loss per share (down from JP¥0.85 profit in 2Q 2024). Revenue: JP¥13.6b (down 1.4% from 2Q 2024). Net loss: JP¥566.7m (down JP¥647.7m from profit in 2Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.5%).
Declared Dividend • Jul 11Final dividend of JP¥10.00 announcedShareholders will receive a dividend of JP¥10.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 40%, which is higher than the industry average of 2.6%. Payout Ratios Payout ratio: 135%. Cash payout ratio: 26%.
Reported Earnings • Jun 28Full year 2024 earnings released: JP¥261 loss per share (vs JP¥79.66 profit in FY 2023)Full year 2024 results: JP¥261 loss per share (down from JP¥79.66 profit in FY 2023). Revenue: JP¥55.8b (down 22% from FY 2023). Net loss: JP¥24.8b (down 427% from profit in FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Jun 12Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 1.6% to €25.80. The fair value is estimated to be €20.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Jun 06Harmonic Drive Systems Inc. Provides Consolidated and Non-Consolidated Earnings Guidance for the First Half and Fiscal Year Ending March 31, 2025Harmonic Drive Systems Inc. provided consolidated and non-consolidated earnings guidance for the first half and fiscal year ending March 31, 2025. For the first half, on Consolidated basis Company expected net sales of JPY 27,000 million, operating profit of JPY 100 million, profit attributable to owners of parent JPY 100 million and basic earnings per share of JPY 1.05. For the Year, on Consolidated basis Company expected net sales of JPY 58,500 million, operating profit of JPY 2,700 million, profit attributable to owners of parent JPY 2,000 million and basic earnings per share of JPY 21.06.For Non-consolidated basis, For the first half, Company expected net sales of JPY 15,000 million, operating loss of JPY 200 million, loss of JPY 100 million and basic loss per share of JPY 1.05. For the year, Company expected net sales of JPY 34,000 million, operating profit of JPY 600 million, profit of JPY 600 million and basic earnings per share of JPY 4.74.
Buy Or Sell Opportunity • May 20Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to €24.60. The fair value is estimated to be €19.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • May 16Full year 2024 earnings released: JP¥261 loss per share (vs JP¥79.66 profit in FY 2023)Full year 2024 results: JP¥261 loss per share (down from JP¥79.66 profit in FY 2023). Revenue: JP¥55.8b (down 22% from FY 2023). Net loss: JP¥24.8b (down 427% from profit in FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
お知らせ • May 15Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2024Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%).
お知らせ • Mar 07+ 3 more updatesHarmonic Drive Systems Inc. to Report Fiscal Year 2024 Results on May 13, 2024Harmonic Drive Systems Inc. announced that they will report fiscal year 2024 results on May 13, 2024
Buy Or Sell Opportunity • Mar 05Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 4.7% to €26.60. The fair value is estimated to be €22.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 47% per annum over the same time period.
Reported Earnings • Feb 11Third quarter 2024 earnings released: JP¥7.52 loss per share (vs JP¥24.77 profit in 3Q 2023)Third quarter 2024 results: JP¥7.52 loss per share (down from JP¥24.77 profit in 3Q 2023). Revenue: JP¥13.2b (down 34% from 3Q 2023). Net loss: JP¥715.0m (down 130% from profit in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings.
Buying Opportunity • Jan 05Now 23% undervaluedOver the last 90 days, the stock is up 17%. The fair value is estimated to be €31.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings is also forecast to grow by 35% per annum over the same time period.
お知らせ • Dec 08Harmonic Drive Systems Inc. has filed a Follow-on Equity Offering.Harmonic Drive Systems Inc. has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 4,379,400 Transaction Features: Rule 144A; Subsequent Direct Listing
お知らせ • Dec 07Harmonic Drive Systems Inc. (TSE:6324) announces an Equity Buyback for 700,000 shares, representing 0.74% for ¥2,000 million.Harmonic Drive Systems Inc. (TSE:6324) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 0.74% of its share capital, for ¥2,000 million. The purpose of the program is to alleviate the short-term impact on company stock supply and demand and reducing the impact on existing shareholders. The program will expire on January 19, 2024. As of September 30, 2023, the company had 95,081,151 shares in issue (excluding treasury stock) and 1,234,249 shares in treasury.
Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥0.85 (vs JP¥18.21 in 2Q 2023)Second quarter 2024 results: EPS: JP¥0.85 (down from JP¥18.21 in 2Q 2023). Revenue: JP¥13.8b (down 23% from 2Q 2023). Net income: JP¥81.0m (down 95% from 2Q 2023). Profit margin: 0.6% (down from 9.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥3.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%).
Reported Earnings • Aug 09First quarter 2024 earnings released: EPS: JP¥2.44 (vs JP¥12.54 in 1Q 2023)First quarter 2024 results: EPS: JP¥2.44 (down from JP¥12.54 in 1Q 2023). Revenue: JP¥15.0b (down 4.4% from 1Q 2023). Net income: JP¥232.0m (down 81% from 1Q 2023). Profit margin: 1.5% (down from 7.7% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
New Risk • Jul 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Buying Opportunity • Jul 13Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 6.4%. The fair value is estimated to be €33.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings is also forecast to grow by 22% per annum over the same time period.
Valuation Update With 7 Day Price Move • May 19Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €31.60, the stock trades at a forward P/E ratio of 125x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 35% over the past three years.
お知らせ • May 17Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2023Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2023.
Reported Earnings • May 15Full year 2023 earnings released: EPS: JP¥79.66 (vs JP¥69.01 in FY 2022)Full year 2023 results: EPS: JP¥79.66 (up from JP¥69.01 in FY 2022). Revenue: JP¥71.5b (up 25% from FY 2022). Net income: JP¥7.60b (up 14% from FY 2022). Profit margin: 11% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥17.00 per share at 0.6% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 28% and the cash payout ratio is 94%. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%).
Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥24.77 (vs JP¥23.42 in 3Q 2022)Third quarter 2023 results: EPS: JP¥24.77 (up from JP¥23.42 in 3Q 2022). Revenue: JP¥19.9b (up 31% from 3Q 2022). Net income: JP¥2.36b (up 4.5% from 3Q 2022). Profit margin: 12% (down from 15% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Nov 21Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to €30.00, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.57 per share.
Board Change • Nov 17Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. 4 highly experienced directors. 4 independent directors (5 non-independent directors). Executive Chairman Mitsumasa Ito is the most experienced director on the board, commencing their role in 1976. Outside Independent Director Kazuhiko Hayashi was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 10Second quarter 2023 earnings released: EPS: JP¥18.21 (vs JP¥11.40 in 2Q 2022)Second quarter 2023 results: EPS: JP¥18.21 (up from JP¥11.40 in 2Q 2022). Revenue: JP¥17.8b (up 23% from 2Q 2022). Net income: JP¥1.73b (up 58% from 2Q 2022). Profit margin: 9.8% (up from 7.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥11.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.2%).
Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: JP¥12.54 (vs JP¥11.65 in 1Q 2022)First quarter 2023 results: EPS: JP¥12.54 (up from JP¥11.65 in 1Q 2022). Revenue: JP¥15.7b (up 32% from 1Q 2022). Net income: JP¥1.20b (up 7.4% from 1Q 2022). Profit margin: 7.7% (down from 9.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 28%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jul 02Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be €33.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Earnings per share has declined by 31%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 18% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improved over the past weekAfter last week's 16% share price gain to €25.60, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 11x in the Machinery industry in Germany. Total loss to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €30.75 per share.
お知らせ • May 18Harmonic Drive Systems Inc., Annual General Meeting, Jun 22, 2022Harmonic Drive Systems Inc., Annual General Meeting, Jun 22, 2022.
Reported Earnings • May 17Full year 2022 earnings released: EPS: JP¥69.01 (vs JP¥6.88 in FY 2021)Full year 2022 results: EPS: JP¥69.01 (up from JP¥6.88 in FY 2021). Revenue: JP¥57.1b (up 54% from FY 2021). Net income: JP¥6.64b (up JP¥5.98b from FY 2021). Profit margin: 12% (up from 1.8% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 32%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • May 16Harmonic Drive Systems Inc. (TSE:6324) announces an Equity Buyback for 2,000,000 shares, representing 2.08% for ¥5,000 million.Harmonic Drive Systems Inc. (TSE:6324) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 2.08% of its share capital, for ¥5,000 million. The purpose of the program is to carry out a flexible capital policy. The program will expire on September 30, 2022. As of March 31, 2022, the company had 96,263,064 shares in issue (excluding treasury stock) and 52,336 shares in treasury.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Yoshio Fukuda was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Apr 08+ 3 more updatesHarmonic Drive Systems Inc. to Report Fiscal Year 2022 Results on May 13, 2022Harmonic Drive Systems Inc. announced that they will report fiscal year 2022 results on May 13, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (1.9%).
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €28.60, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 13x in the Machinery industry in Germany. Total loss to shareholders of 2.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €27.91 per share.
Reported Earnings • Feb 09Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥23.42. Revenue: JP¥15.2b (up 70% from 3Q 2021). Net income: JP¥2.25b (up JP¥2.25b from 3Q 2021). Profit margin: 15% (up from 0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 35%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 14Second quarter 2022 earnings released: EPS JP¥11.40 (vs JP¥1.37 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥14.4b (up 72% from 2Q 2021). Net income: JP¥1.10b (up JP¥1.23b from 2Q 2021). Profit margin: 7.6% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.0%).
Reported Earnings • Aug 13First quarter 2022 earnings released: EPS JP¥11.65 (vs JP¥1.21 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥11.9b (up 28% from 1Q 2021). Net income: JP¥1.12b (up JP¥1.01b from 1Q 2021). Profit margin: 9.4% (up from 1.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 19Full year 2021 earnings released: EPS JP¥6.88 (vs JP¥8.64 loss in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥37.0b (down 1.2% from FY 2020). Net income: JP¥662.0m (up JP¥1.49b from FY 2020). Profit margin: 1.8% (up from net loss in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Mar 24Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 0.3%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (1.2%).
Is New 90 Day High Low • Mar 05New 90-day low: €59.50The company is down 8.0% from its price of €65.00 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.15 per share.
お知らせ • Mar 04+ 3 more updatesHarmonic Drive Systems Inc. to Report Q1, 2022 Results on Aug 06, 2021Harmonic Drive Systems Inc. announced that they will report Q1, 2022 results on Aug 06, 2021
Reported Earnings • Feb 11Third quarter 2021 earnings released: EPS JP¥0.70 (vs JP¥8.48 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥8.94b (up 12% from 3Q 2020). Net income: JP¥67.0m (up JP¥883.0m from 3Q 2020). Profit margin: 0.7% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 87% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 11Revenue misses expectationsRevenue missed analyst estimates by 3.8%. Over the next year, revenue is forecast to grow 41%, compared to a 5.0% growth forecast for the Machinery industry in Germany.
Is New 90 Day High Low • Dec 09New 90-day high: €68.00The company is up 44% from its price of €47.20 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.99 per share.
Is New 90 Day High Low • Nov 19New 90-day high: €62.00The company is up 31% from its price of €47.20 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.43 per share.
Analyst Estimate Surprise Post Earnings • Nov 14Revenue misses expectationsRevenue missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 34%, compared to a 2.5% growth forecast for the Machinery industry in Germany.
Reported Earnings • Nov 14Second quarter 2021 earnings released: JP¥0.69 loss per shareThe company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥8.38b (down 16% from 2Q 2020). Net loss: JP¥66.0m (loss narrowed 35% from 2Q 2020).
Is New 90 Day High Low • Nov 03New 90-day high: €56.00The company is up 15% from its price of €48.60 on 05 August 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.75 per share.
Is New 90 Day High Low • Oct 14New 90-day high: €55.00The company is up 13% from its price of €48.60 on 16 July 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.58 per share.
