Harmonic Drive Systems（6324）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6324 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28.37%増加すると予測されています リスク分析JP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6324 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW486,402 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINROAG486,402 investors already sharing narrativesYour Fair ValueJP¥Current PriceJP¥6.47k18.0% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-25b99b2016201920222025202620282031Revenue JP¥98.6bEarnings JP¥2.7bAdvancedSet Fair ValueView all narrativesHarmonic Drive Systems Inc. 競合他社THKSymbol: TSE:6481Market cap: JP¥752.5bFujiSymbol: TSE:6134Market cap: JP¥671.6bNabtescoSymbol: TSE:6268Market cap: JP¥606.1bSumitomo Heavy IndustriesSymbol: TSE:6302Market cap: JP¥597.7b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¥6,470.0052週高値JP¥9,150.0052週安値JP¥2,316.00ベータ1.061ヶ月の変化-17.58%3ヶ月変化46.05%1年変化146.57%3年間の変化58.58%5年間の変化9.11%IPOからの変化3,782.00%最新ニュースPrice Target Changed • May 28Price target increased by 13% to JP¥5,415Up from JP¥4,810, the current price target is an average from 11 analysts. New target price is 30% below last closing price of JP¥7,700. Stock is up 122% over the past year. The company is forecast to post earnings per share of JP¥56.62 for next year compared to JP¥16.98 last year.ライブニュース • May 21Harmonic Drive Systems Holds Dividend as Profits Drop and Sales Outlook Brightens for FY2027Harmonic Drive Systems reported a 7% year-on-year rise in net sales for the fiscal year ended March 31, 2026, while operating profit and net income declined sharply. The company kept its annual dividend unchanged at ¥20, which lifted the dividend payout ratio to 117.7%. Management issued guidance for fiscal 2027 that indicates double-digit growth in both sales and profits, with projected net sales of ¥68.0b and expectations of stronger profitability. The combination of weaker current profitability and a higher payout ratio suggests earnings pressure in the latest year, even as management signals confidence with an unchanged dividend and a more positive FY2027 forecast. Investors may want to focus on how quickly margins recover and whether cash generation supports both the dividend and the planned increase in sales to ¥68.0b.分析記事 • May 17Harmonic Drive Systems Inc. Just Missed EPS By 9.2%: Here's What Analysts Think Will Happen NextIt's been a pretty great week for Harmonic Drive Systems Inc. ( TSE:6324 ) shareholders, with its shares surging 14% to...Reported Earnings • May 15Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: JP¥16.98 (down from JP¥36.57 in FY 2025). Revenue: JP¥59.6b (up 7.0% from FY 2025). Net income: JP¥1.61b (down 54% from FY 2025). Profit margin: 2.7% (down from 6.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 9.2%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • May 14Price target increased by 12% to JP¥4,810Up from JP¥4,292, the current price target is an average from 11 analysts. New target price is 25% below last closing price of JP¥6,430. Stock is up 105% over the past year. The company is forecast to post earnings per share of JP¥18.71 for next year compared to JP¥36.57 last year.お知らせ • May 14Harmonic Drive Systems Inc., Annual General Meeting, Jun 19, 2026Harmonic Drive Systems Inc., Annual General Meeting, Jun 19, 2026.最新情報をもっと見るRecent updatesPrice Target Changed • May 28Price target increased by 13% to JP¥5,415Up from JP¥4,810, the current price target is an average from 11 analysts. New target price is 30% below last closing price of JP¥7,700. Stock is up 122% over the past year. The company is forecast to post earnings per share of JP¥56.62 for next year compared to JP¥16.98 last year.ライブニュース • May 21Harmonic Drive Systems Holds Dividend as Profits Drop and Sales Outlook Brightens for FY2027Harmonic Drive Systems reported a 7% year-on-year rise in net sales for the fiscal year ended March 31, 2026, while operating profit and net income declined sharply. The company kept its annual dividend unchanged at ¥20, which lifted the dividend payout ratio to 117.7%. Management issued guidance for fiscal 2027 that indicates double-digit growth in both sales and profits, with projected net sales of ¥68.0b and expectations of stronger profitability. The combination of weaker current profitability and a higher payout ratio suggests earnings pressure in the latest year, even as management signals confidence with an unchanged dividend and a more positive FY2027 forecast. Investors may want to focus on how quickly margins recover and whether cash generation supports both the dividend and the planned increase in sales to ¥68.0b.分析記事 • May 17Harmonic Drive Systems Inc. Just Missed EPS By 9.2%: Here's What Analysts Think Will Happen NextIt's been a pretty great week for Harmonic Drive Systems Inc. ( TSE:6324 ) shareholders, with its shares surging 14% to...Reported Earnings • May 15Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: JP¥16.98 (down from JP¥36.57 in FY 2025). Revenue: JP¥59.6b (up 7.0% from FY 2025). Net income: JP¥1.61b (down 54% from FY 2025). Profit margin: 2.7% (down from 6.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 9.2%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • May 14Price target increased by 12% to JP¥4,810Up from JP¥4,292, the current price target is an average from 11 analysts. New target price is 25% below last closing price of JP¥6,430. Stock is up 105% over the past year. The company is forecast to post earnings per share of JP¥18.71 for next year compared to JP¥36.57 last year.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, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥3,835, the stock trades at a forward P/E ratio of 85x. Average forward P/E is 16x in the Machinery industry in Japan. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,612 per share.Price Target Changed • Mar 04Price target increased by 8.3% to JP¥4,265Up from JP¥3,938, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of JP¥4,240. Stock is up 1.0% over the past year. The company is forecast to post earnings per share of JP¥16.29 for next year compared to JP¥36.57 last year.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.分析記事 • Feb 12Earnings Miss: Harmonic Drive Systems Inc. Missed EPS By 9.8% And Analysts Are Revising Their ForecastsThe analysts might have been a bit too bullish on Harmonic Drive Systems Inc. ( TSE:6324 ), given that the company fell...Reported Earnings • Feb 11Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: JP¥4.78 (down from JP¥5.22 in 3Q 2025). Revenue: JP¥14.3b (up 3.9% from 3Q 2025). Net income: JP¥452.0m (down 8.9% from 3Q 2025). Profit margin: 3.2% (down from 3.6% in 3Q 2025). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.分析記事 • Dec 22Returns At Harmonic Drive Systems (TSE:6324) Are On The Way UpFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Declared Dividend • Dec 06First half dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 41%. Cash payout ratio: 121%.分析記事 • Dec 04Harmonic Drive Systems Inc. (TSE:6324) Stocks Shoot Up 25% But Its P/S Still Looks ReasonableHarmonic Drive Systems Inc. ( TSE:6324 ) shares have continued their recent momentum with a 25% gain in the last month...Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥3,645, the stock trades at a forward P/E ratio of 105x. Average forward P/E is 15x in the Machinery industry in Japan. Total loss to shareholders of 2.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,521 per share.分析記事 • Nov 21There May Be Underlying Issues With The Quality Of Harmonic Drive Systems' (TSE:6324) EarningsDespite posting some strong earnings, the market for Harmonic Drive Systems Inc.'s ( TSE:6324 ) stock hasn't moved...分析記事 • Nov 14Results: Harmonic Drive Systems Inc. Confounded Analyst Expectations With A Surprise ProfitLast week saw the newest half-yearly earnings release from Harmonic Drive Systems Inc. ( TSE:6324 ), an important...Reported Earnings • Nov 14Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: JP¥3.75 (up from JP¥5.97 loss in 2Q 2025). Revenue: JP¥14.3b (up 5.8% from 2Q 2025). Net income: JP¥355.2m (up JP¥921.9m from 2Q 2025). Profit margin: 2.5% (up from net loss in 2Q 2025). Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.分析記事 • Nov 03Is Harmonic Drive Systems (TSE:6324) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Oct 09Investors Appear Satisfied With Harmonic Drive Systems Inc.'s (TSE:6324) Prospects As Shares Rocket 35%Harmonic Drive Systems Inc. ( TSE:6324 ) shareholders have had their patience rewarded with a 35% share price jump in...Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥2,950, the stock trades at a forward P/E ratio of 117x. Average forward P/E is 15x in the Machinery industry in Japan. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,557 per share.Upcoming Dividend • Sep 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 51% and the cash payout ratio is 87%. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%).Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥3,075, the stock trades at a forward P/E ratio of 122x. Average forward P/E is 15x in the Machinery industry in Japan. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,590 per share.Major Estimate Revision • Sep 03Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥16.60 to JP¥14.87 per share. Revenue forecast steady at JP¥59.2b. Net income forecast to shrink 36% next year vs 9.3% growth forecast for Machinery industry in Japan . Consensus price target broadly unchanged at JP¥3,678. Share price fell 12% to JP¥2,395 over the past week.Price Target Changed • Sep 01Price target decreased by 7.1% to JP¥3,686Down from JP¥3,968, the current price target is an average from 10 analysts. New target price is 45% above last closing price of JP¥2,545. Stock is down 27% over the past year. The company is forecast to post earnings per share of JP¥17.32 for next year compared to JP¥36.57 last year.Major Estimate Revision • Aug 13Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥61.6b to JP¥59.5b. EPS estimate also fell from JP¥25.96 per share to JP¥18.50 per share. Net income forecast to shrink 23% next year vs 9.3% growth forecast for Machinery industry in Japan . Consensus price target down from JP¥3,968 to JP¥3,784. Share price fell 8.9% to JP¥2,570 over the past week.分析記事 • Aug 08Earnings Update: Harmonic Drive Systems Inc. (TSE:6324) Just Reported Its First-Quarter Results And Analysts Are Updating Their ForecastsTSE:6324 1 Year Share Price vs Fair Value Explore Harmonic Drive Systems's Fair Values from the Community and select...Reported Earnings • Aug 07First quarter 2026 earnings released: JP¥0.40 loss per share (vs JP¥2.98 loss in 1Q 2025)First quarter 2026 results: JP¥0.40 loss per share (improved from JP¥2.98 loss in 1Q 2025). Revenue: JP¥13.5b (up 3.8% from 1Q 2025). Net loss: JP¥38.0m (loss narrowed 87% from 1Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.分析記事 • Jul 29There's Been No Shortage Of Growth Recently For Harmonic Drive Systems' (TSE:6324) Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Declared Dividend • Jul 21Final dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 55%. Cash payout ratio: 87%.分析記事 • Jun 23Harmonic Drive Systems Inc. (TSE:6324) Stocks Pounded By 26% But Not Lagging Industry On Growth Or PricingHarmonic Drive Systems Inc. ( TSE:6324 ) shareholders that were waiting for something to happen have been dealt a blow...Reported Earnings • Jun 21Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: JP¥36.57 (up from JP¥261 loss in FY 2024). Revenue: JP¥55.6b (flat on FY 2024). Net income: JP¥3.47b (up JP¥28.3b from FY 2024). Profit margin: 6.2% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.Major Estimate Revision • May 29Consensus EPS estimates fall by 31%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥62.4b to JP¥61.6b. EPS estimate also fell from JP¥36.11 per share to JP¥24.99 per share. Net income forecast to shrink 34% next year vs 4.6% growth forecast for Machinery industry in Japan . Consensus price target broadly unchanged at JP¥3,950. Share price was steady at JP¥3,445 over the past week.分析記事 • May 21We Think You Should Be Aware Of Some Concerning Factors In Harmonic Drive Systems' (TSE:6324) EarningsHarmonic Drive Systems Inc.'s ( TSE:6324 ) stock didn't jump after it announced some healthy earnings. We think that...Reported Earnings • May 18Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: JP¥36.57 (up from JP¥261 loss in FY 2024). Revenue: JP¥55.6b (flat on FY 2024). Net income: JP¥3.47b (up JP¥28.3b from FY 2024). Profit margin: 6.2% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.お知らせ • May 14Harmonic Drive Systems Inc., Annual General Meeting, Jun 20, 2025Harmonic Drive Systems Inc., Annual General Meeting, Jun 20, 2025.分析記事 • May 07Harmonic Drive Systems Inc.'s (TSE:6324) 32% Jump Shows Its Popularity With InvestorsHarmonic Drive Systems Inc. ( TSE:6324 ) shareholders are no doubt pleased to see that the share price has bounced 32...分析記事 • Mar 21Harmonic Drive Systems Inc.'s (TSE:6324) Stock Retreats 26% But Revenues Haven't Escaped The Attention Of InvestorsHarmonic Drive Systems Inc. ( TSE:6324 ) shares have retraced a considerable 26% in the last month, reversing a fair...Upcoming Dividend • Mar 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.1%).分析記事 • Mar 10Is Harmonic Drive Systems (TSE:6324) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...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, 2025Price Target Changed • Feb 15Price target increased by 11% to JP¥3,999Up from JP¥3,618, the current price target is an average from 10 analysts. New target price is 8.1% below last closing price of JP¥4,350. Stock is up 19% over the past year. The company is forecast to post earnings per share of JP¥35.45 next year compared to a net loss per share of JP¥261 last year.分析記事 • Feb 11Harmonic Drive Systems Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting NowIt's been a good week for Harmonic Drive Systems Inc. ( TSE:6324 ) shareholders, because the company has just released...Price Target Changed • Feb 08Price target increased by 8.0% to JP¥3,909Up from JP¥3,618, the current price target is an average from 9 analysts. New target price is 14% below last closing price of JP¥4,535. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥22.71 next year compared to a net loss per share of JP¥261 last year.分析記事 • Feb 03Harmonic Drive Systems Inc. (TSE:6324) Stocks Shoot Up 34% But Its P/S Still Looks ReasonableDespite an already strong run, Harmonic Drive Systems Inc. ( TSE:6324 ) shares have been powering on, with a gain of...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.分析記事 • Dec 18Harmonic Drive Systems Inc. (TSE:6324) Looks Just Right With A 29% Price JumpHarmonic Drive Systems Inc. ( TSE:6324 ) shareholders are no doubt pleased to see that the share price has bounced 29...Declared Dividend • Dec 06First half dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.1%.Price Target Changed • Dec 04Price target decreased by 12% to JP¥3,519Down from JP¥4,019, the current price target is an average from 10 analysts. New target price is 68% above last closing price of JP¥2,092. Stock is down 49% over the past year. The company is forecast to post a net loss per share of JP¥3.30 next year compared to a net loss per share of JP¥261 last year.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.分析記事 • Nov 15Harmonic Drive Systems Inc. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest ForecastsThere's been a major selloff in Harmonic Drive Systems Inc. ( TSE:6324 ) shares in the week since it released its...Reported Earnings • Nov 15Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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 exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.Price Target Changed • Nov 14Price target decreased by 8.6% to JP¥4,229Down from JP¥4,629, the current price target is an average from 10 analysts. New target price is 103% above last closing price of JP¥2,087. Stock is down 47% over the past year. The company is forecast to post a net loss per share of JP¥5.58 next year compared to a net loss per share of JP¥261 last year.分析記事 • Oct 27Harmonic Drive Systems Inc. (TSE:6324) Shares Slammed 25% But Getting In Cheap Might Be Difficult RegardlessUnfortunately for some shareholders, the Harmonic Drive Systems Inc. ( TSE:6324 ) share price has dived 25% in the last...分析記事 • Oct 07Is Harmonic Drive Systems (TSE:6324) Using Debt Sensibly?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Upcoming Dividend • Sep 20Upcoming 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 Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%).分析記事 • Sep 06Revenues Tell The Story For Harmonic Drive Systems Inc. (TSE:6324)When close to half the companies in the Machinery industry in Japan have price-to-sales ratios (or "P/S") below 0.7x...分析記事 • Jul 19Investors Could Be Concerned With Harmonic Drive Systems' (TSE:6324) Returns On CapitalIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we...Declared Dividend • Jul 11Final dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 0.4%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 135%. Cash payout ratio: 26%.Reported Earnings • Jun 28Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull 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 exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. 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 10% per year, which means it has not declined as severely as earnings.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 • Jun 03Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 1.6% to JP¥4,510. The fair value is estimated to be JP¥3,651, 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.分析記事 • May 25We Think Harmonic Drive Systems (TSE:6324) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Reported Earnings • May 16Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull 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 exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. 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 14% per year, which means it has not declined as severely as earnings.Major Estimate Revision • May 15Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥60.5b to JP¥59.7b. EPS estimate also fell from JP¥37.62 per share to JP¥33.39 per share. Net income forecast to grow 15% next year vs 8.1% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥4,570 to JP¥4,720. Share price fell 8.2% to JP¥3,900 over the past week.お知らせ • May 15Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2024Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2024.Major Estimate Revision • May 01Consensus EPS estimates fall by 76%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -JP¥1.48 to -JP¥2.60 per share. Revenue forecast unchanged at JP¥54.8b. Machinery industry in Japan expected to see average net income growth of 4.8% next year. Consensus price target of JP¥4,570 unchanged from last update. Share price was steady at JP¥3,965 over the past week.分析記事 • Apr 16Harmonic Drive Systems' (TSE:6324) Returns On Capital Tell Us There Is Reason To Feel UneasyIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...分析記事 • Mar 31Estimating The Intrinsic Value Of Harmonic Drive Systems Inc. (TSE:6324)Key Insights Harmonic Drive Systems' estimated fair value is JP¥3,742 based on 2 Stage Free Cash Flow to Equity Current...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 Japanese dividend payers (3.2%). Lower than average of industry peers (1.9%).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, 2024Major Estimate Revision • Feb 28Consensus EPS estimates upgraded to JP¥1.72 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -JP¥7.47 to -JP¥1.72 per share. Revenue forecast steady at JP¥55.0b. Machinery industry in Japan expected to see average net income growth of 3.5% next year. Consensus price target broadly unchanged at JP¥4,651. Share price rose 11% to JP¥3,990 over the past week.Reported Earnings • Feb 10Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird 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 exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 62%. 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 Japan. 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 25% per year, which means it is significantly lagging earnings.Major Estimate Revision • Jan 10Consensus EPS estimates fall by 95%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -JP¥1.87 to -JP¥3.64 per share. Revenue forecast unchanged at JP¥55.1b. Machinery industry in Japan expected to see average net income growth of 8.8% next year. Consensus price target broadly unchanged at JP¥4,944. Share price fell 3.1% to JP¥4,030 over the past week.Major Estimate Revision • Dec 14Consensus EPS estimates fall from profit to JP¥1.32 lossThe consensus outlook for fiscal year 2024 has been updated. Forecast loss of -JP¥1.32 per share in 2024, versus previous forecasts of JP¥0.028 per share. Revenue forecast unchanged from JP¥55.4b at last update. Machinery industry in Japan expected to see average net income growth of 7.0% next year. Consensus price target of JP¥4,913 unchanged from last update. Share price rose 3.8% to JP¥3,995 over the past week.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.Major Estimate Revision • Dec 05Consensus EPS estimates increase from loss to JP¥0.028 profitThe consensus outlook for fiscal year 2024 has been updated. Forecast profits in 2024 with EPS up from -JP¥0.072 to JP¥0.028 per share. Revenue forecast unchanged from last update at JP¥55.4b. Machinery industry in Japan expected to see average net income growth of 6.9% next year. Consensus price target broadly unchanged at JP¥4,913. Share price fell 6.4% to JP¥4,005 over the past week.Major Estimate Revision • Nov 28Consensus EPS estimates upgraded to JP¥0.072 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -JP¥1.43 to -JP¥0.072 per share. Revenue forecast steady at JP¥55.4b. Machinery industry in Japan expected to see average net income growth of 7.8% next year. Consensus price target broadly unchanged at JP¥4,873. Share price was steady at JP¥4,280 over the past week.Major Estimate Revision • Nov 16Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥57.0b to JP¥55.5b. Now expected to report a loss of JP¥2.45 per share instead of JP¥19.39 per share profit previously forecast. Machinery industry in Japan expected to see average net income growth of 7.1% next year. Consensus price target broadly unchanged at JP¥4,803. Share price rose 6.5% to JP¥3,935 over the past week.New Risk • Nov 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.4% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (7.4% net profit margin).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 Japanese dividend payers (3.3%). Lower than average of industry peers (2.1%).Major Estimate Revision • Sep 15Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥27.86 to JP¥24.62. Revenue forecast unchanged from JP¥59.0b at last update. Net income forecast to shrink 42% next year vs 4.6% growth forecast for Machinery industry in Japan . Consensus price target up from JP¥4,730 to JP¥4,883. Share price fell 6.2% to JP¥3,485 over the past week.株主還元6324JP MachineryJP 市場7D-17.9%-0.6%-0.4%1Y146.6%46.6%41.1%株主還元を見る業界別リターン: 6324過去 1 年間で46.6 % の収益を上げたJP Machinery業界を上回りました。リターン対市場: 6324過去 1 年間で41.1 % の収益を上げたJP市場を上回りました。価格変動Is 6324's price volatile compared to industry and market?6324 volatility6324 Average Weekly Movement14.7%Machinery Industry Average Movement5.8%Market Average Movement4.3%10% most volatile stocks in JP Market9.3%10% least volatile stocks in JP Market2.1%安定した株価: 6324の株価は、 JP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: 6324の weekly volatility ( 15% ) は過去 1 年間安定していますが、依然としてJP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19701,419Akira 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。回転アクチュエーター、リニアアクチュエーター、減速機、モーター、センサー、ドライバー、コントローラーなどのメカトロニクス製品を提供している。また、精密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、東京に本社を置いている。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。6324 基礎統計学時価総額JP¥612.49b収益（TTM）JP¥1.61b売上高(TTM)JP¥59.56b380.9xPER（株価収益率10.3xP/Sレシオ6324 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6324 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%6324 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118%配当性向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2026/07/17 17:02終値2026/07/17 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この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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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. 10 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
Price Target Changed • May 28Price target increased by 13% to JP¥5,415Up from JP¥4,810, the current price target is an average from 11 analysts. New target price is 30% below last closing price of JP¥7,700. Stock is up 122% over the past year. The company is forecast to post earnings per share of JP¥56.62 for next year compared to JP¥16.98 last year.
ライブニュース • May 21Harmonic Drive Systems Holds Dividend as Profits Drop and Sales Outlook Brightens for FY2027Harmonic Drive Systems reported a 7% year-on-year rise in net sales for the fiscal year ended March 31, 2026, while operating profit and net income declined sharply. The company kept its annual dividend unchanged at ¥20, which lifted the dividend payout ratio to 117.7%. Management issued guidance for fiscal 2027 that indicates double-digit growth in both sales and profits, with projected net sales of ¥68.0b and expectations of stronger profitability. The combination of weaker current profitability and a higher payout ratio suggests earnings pressure in the latest year, even as management signals confidence with an unchanged dividend and a more positive FY2027 forecast. Investors may want to focus on how quickly margins recover and whether cash generation supports both the dividend and the planned increase in sales to ¥68.0b.
分析記事 • May 17Harmonic Drive Systems Inc. Just Missed EPS By 9.2%: Here's What Analysts Think Will Happen NextIt's been a pretty great week for Harmonic Drive Systems Inc. ( TSE:6324 ) shareholders, with its shares surging 14% to...
Reported Earnings • May 15Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: JP¥16.98 (down from JP¥36.57 in FY 2025). Revenue: JP¥59.6b (up 7.0% from FY 2025). Net income: JP¥1.61b (down 54% from FY 2025). Profit margin: 2.7% (down from 6.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 9.2%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • May 14Price target increased by 12% to JP¥4,810Up from JP¥4,292, the current price target is an average from 11 analysts. New target price is 25% below last closing price of JP¥6,430. Stock is up 105% over the past year. The company is forecast to post earnings per share of JP¥18.71 for next year compared to JP¥36.57 last year.
お知らせ • May 14Harmonic Drive Systems Inc., Annual General Meeting, Jun 19, 2026Harmonic Drive Systems Inc., Annual General Meeting, Jun 19, 2026.
Price Target Changed • May 28Price target increased by 13% to JP¥5,415Up from JP¥4,810, the current price target is an average from 11 analysts. New target price is 30% below last closing price of JP¥7,700. Stock is up 122% over the past year. The company is forecast to post earnings per share of JP¥56.62 for next year compared to JP¥16.98 last year.
ライブニュース • May 21Harmonic Drive Systems Holds Dividend as Profits Drop and Sales Outlook Brightens for FY2027Harmonic Drive Systems reported a 7% year-on-year rise in net sales for the fiscal year ended March 31, 2026, while operating profit and net income declined sharply. The company kept its annual dividend unchanged at ¥20, which lifted the dividend payout ratio to 117.7%. Management issued guidance for fiscal 2027 that indicates double-digit growth in both sales and profits, with projected net sales of ¥68.0b and expectations of stronger profitability. The combination of weaker current profitability and a higher payout ratio suggests earnings pressure in the latest year, even as management signals confidence with an unchanged dividend and a more positive FY2027 forecast. Investors may want to focus on how quickly margins recover and whether cash generation supports both the dividend and the planned increase in sales to ¥68.0b.
分析記事 • May 17Harmonic Drive Systems Inc. Just Missed EPS By 9.2%: Here's What Analysts Think Will Happen NextIt's been a pretty great week for Harmonic Drive Systems Inc. ( TSE:6324 ) shareholders, with its shares surging 14% to...
Reported Earnings • May 15Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: JP¥16.98 (down from JP¥36.57 in FY 2025). Revenue: JP¥59.6b (up 7.0% from FY 2025). Net income: JP¥1.61b (down 54% from FY 2025). Profit margin: 2.7% (down from 6.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 9.2%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • May 14Price target increased by 12% to JP¥4,810Up from JP¥4,292, the current price target is an average from 11 analysts. New target price is 25% below last closing price of JP¥6,430. Stock is up 105% over the past year. The company is forecast to post earnings per share of JP¥18.71 for next year compared to JP¥36.57 last year.
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
Upcoming Dividend • Mar 23Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥3,835, the stock trades at a forward P/E ratio of 85x. Average forward P/E is 16x in the Machinery industry in Japan. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,612 per share.
Price Target Changed • Mar 04Price target increased by 8.3% to JP¥4,265Up from JP¥3,938, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of JP¥4,240. Stock is up 1.0% over the past year. The company is forecast to post earnings per share of JP¥16.29 for next year compared to JP¥36.57 last year.
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.
分析記事 • Feb 12Earnings Miss: Harmonic Drive Systems Inc. Missed EPS By 9.8% And Analysts Are Revising Their ForecastsThe analysts might have been a bit too bullish on Harmonic Drive Systems Inc. ( TSE:6324 ), given that the company fell...
Reported Earnings • Feb 11Third quarter 2026 earnings: EPS and revenues miss analyst expectationsThird quarter 2026 results: EPS: JP¥4.78 (down from JP¥5.22 in 3Q 2025). Revenue: JP¥14.3b (up 3.9% from 3Q 2025). Net income: JP¥452.0m (down 8.9% from 3Q 2025). Profit margin: 3.2% (down from 3.6% in 3Q 2025). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
分析記事 • Dec 22Returns At Harmonic Drive Systems (TSE:6324) Are On The Way UpFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Declared Dividend • Dec 06First half dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 41%. Cash payout ratio: 121%.
分析記事 • Dec 04Harmonic Drive Systems Inc. (TSE:6324) Stocks Shoot Up 25% But Its P/S Still Looks ReasonableHarmonic Drive Systems Inc. ( TSE:6324 ) shares have continued their recent momentum with a 25% gain in the last month...
Valuation Update With 7 Day Price Move • Dec 04Investor sentiment improves as stock rises 22%After last week's 22% share price gain to JP¥3,645, the stock trades at a forward P/E ratio of 105x. Average forward P/E is 15x in the Machinery industry in Japan. Total loss to shareholders of 2.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,521 per share.
分析記事 • Nov 21There May Be Underlying Issues With The Quality Of Harmonic Drive Systems' (TSE:6324) EarningsDespite posting some strong earnings, the market for Harmonic Drive Systems Inc.'s ( TSE:6324 ) stock hasn't moved...
分析記事 • Nov 14Results: Harmonic Drive Systems Inc. Confounded Analyst Expectations With A Surprise ProfitLast week saw the newest half-yearly earnings release from Harmonic Drive Systems Inc. ( TSE:6324 ), an important...
Reported Earnings • Nov 14Second quarter 2026 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2026 results: EPS: JP¥3.75 (up from JP¥5.97 loss in 2Q 2025). Revenue: JP¥14.3b (up 5.8% from 2Q 2025). Net income: JP¥355.2m (up JP¥921.9m from 2Q 2025). Profit margin: 2.5% (up from net loss in 2Q 2025). Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
分析記事 • Nov 03Is Harmonic Drive Systems (TSE:6324) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Oct 09Investors Appear Satisfied With Harmonic Drive Systems Inc.'s (TSE:6324) Prospects As Shares Rocket 35%Harmonic Drive Systems Inc. ( TSE:6324 ) shareholders have had their patience rewarded with a 35% share price jump in...
Valuation Update With 7 Day Price Move • Oct 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥2,950, the stock trades at a forward P/E ratio of 117x. Average forward P/E is 15x in the Machinery industry in Japan. Total loss to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,557 per share.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 51% and the cash payout ratio is 87%. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%).
Valuation Update With 7 Day Price Move • Sep 19Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥3,075, the stock trades at a forward P/E ratio of 122x. Average forward P/E is 15x in the Machinery industry in Japan. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,590 per share.
Major Estimate Revision • Sep 03Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥16.60 to JP¥14.87 per share. Revenue forecast steady at JP¥59.2b. Net income forecast to shrink 36% next year vs 9.3% growth forecast for Machinery industry in Japan . Consensus price target broadly unchanged at JP¥3,678. Share price fell 12% to JP¥2,395 over the past week.
Price Target Changed • Sep 01Price target decreased by 7.1% to JP¥3,686Down from JP¥3,968, the current price target is an average from 10 analysts. New target price is 45% above last closing price of JP¥2,545. Stock is down 27% over the past year. The company is forecast to post earnings per share of JP¥17.32 for next year compared to JP¥36.57 last year.
Major Estimate Revision • Aug 13Consensus EPS estimates fall by 29%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥61.6b to JP¥59.5b. EPS estimate also fell from JP¥25.96 per share to JP¥18.50 per share. Net income forecast to shrink 23% next year vs 9.3% growth forecast for Machinery industry in Japan . Consensus price target down from JP¥3,968 to JP¥3,784. Share price fell 8.9% to JP¥2,570 over the past week.
分析記事 • Aug 08Earnings Update: Harmonic Drive Systems Inc. (TSE:6324) Just Reported Its First-Quarter Results And Analysts Are Updating Their ForecastsTSE:6324 1 Year Share Price vs Fair Value Explore Harmonic Drive Systems's Fair Values from the Community and select...
Reported Earnings • Aug 07First quarter 2026 earnings released: JP¥0.40 loss per share (vs JP¥2.98 loss in 1Q 2025)First quarter 2026 results: JP¥0.40 loss per share (improved from JP¥2.98 loss in 1Q 2025). Revenue: JP¥13.5b (up 3.8% from 1Q 2025). Net loss: JP¥38.0m (loss narrowed 87% from 1Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.
分析記事 • Jul 29There's Been No Shortage Of Growth Recently For Harmonic Drive Systems' (TSE:6324) Returns On CapitalIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Declared Dividend • Jul 21Final dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 0.8%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 55%. Cash payout ratio: 87%.
分析記事 • Jun 23Harmonic Drive Systems Inc. (TSE:6324) Stocks Pounded By 26% But Not Lagging Industry On Growth Or PricingHarmonic Drive Systems Inc. ( TSE:6324 ) shareholders that were waiting for something to happen have been dealt a blow...
Reported Earnings • Jun 21Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: JP¥36.57 (up from JP¥261 loss in FY 2024). Revenue: JP¥55.6b (flat on FY 2024). Net income: JP¥3.47b (up JP¥28.3b from FY 2024). Profit margin: 6.2% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
Major Estimate Revision • May 29Consensus EPS estimates fall by 31%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥62.4b to JP¥61.6b. EPS estimate also fell from JP¥36.11 per share to JP¥24.99 per share. Net income forecast to shrink 34% next year vs 4.6% growth forecast for Machinery industry in Japan . Consensus price target broadly unchanged at JP¥3,950. Share price was steady at JP¥3,445 over the past week.
分析記事 • May 21We Think You Should Be Aware Of Some Concerning Factors In Harmonic Drive Systems' (TSE:6324) EarningsHarmonic Drive Systems Inc.'s ( TSE:6324 ) stock didn't jump after it announced some healthy earnings. We think that...
Reported Earnings • May 18Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: JP¥36.57 (up from JP¥261 loss in FY 2024). Revenue: JP¥55.6b (flat on FY 2024). Net income: JP¥3.47b (up JP¥28.3b from FY 2024). Profit margin: 6.2% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance.
お知らせ • May 14Harmonic Drive Systems Inc., Annual General Meeting, Jun 20, 2025Harmonic Drive Systems Inc., Annual General Meeting, Jun 20, 2025.
分析記事 • May 07Harmonic Drive Systems Inc.'s (TSE:6324) 32% Jump Shows Its Popularity With InvestorsHarmonic Drive Systems Inc. ( TSE:6324 ) shareholders are no doubt pleased to see that the share price has bounced 32...
分析記事 • Mar 21Harmonic Drive Systems Inc.'s (TSE:6324) Stock Retreats 26% But Revenues Haven't Escaped The Attention Of InvestorsHarmonic Drive Systems Inc. ( TSE:6324 ) shares have retraced a considerable 26% in the last month, reversing a fair...
Upcoming Dividend • Mar 21Upcoming dividend of JP¥10.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.1%).
分析記事 • Mar 10Is Harmonic Drive Systems (TSE:6324) Using Too Much Debt?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
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
Price Target Changed • Feb 15Price target increased by 11% to JP¥3,999Up from JP¥3,618, the current price target is an average from 10 analysts. New target price is 8.1% below last closing price of JP¥4,350. Stock is up 19% over the past year. The company is forecast to post earnings per share of JP¥35.45 next year compared to a net loss per share of JP¥261 last year.
分析記事 • Feb 11Harmonic Drive Systems Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting NowIt's been a good week for Harmonic Drive Systems Inc. ( TSE:6324 ) shareholders, because the company has just released...
Price Target Changed • Feb 08Price target increased by 8.0% to JP¥3,909Up from JP¥3,618, the current price target is an average from 9 analysts. New target price is 14% below last closing price of JP¥4,535. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥22.71 next year compared to a net loss per share of JP¥261 last year.
分析記事 • Feb 03Harmonic Drive Systems Inc. (TSE:6324) Stocks Shoot Up 34% But Its P/S Still Looks ReasonableDespite an already strong run, Harmonic Drive Systems Inc. ( TSE:6324 ) shares have been powering on, with a gain of...
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.
分析記事 • Dec 18Harmonic Drive Systems Inc. (TSE:6324) Looks Just Right With A 29% Price JumpHarmonic Drive Systems Inc. ( TSE:6324 ) shareholders are no doubt pleased to see that the share price has bounced 29...
Declared Dividend • Dec 06First half dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 1.0%, which is lower than the industry average of 2.1%.
Price Target Changed • Dec 04Price target decreased by 12% to JP¥3,519Down from JP¥4,019, the current price target is an average from 10 analysts. New target price is 68% above last closing price of JP¥2,092. Stock is down 49% over the past year. The company is forecast to post a net loss per share of JP¥3.30 next year compared to a net loss per share of JP¥261 last year.
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.
分析記事 • Nov 15Harmonic Drive Systems Inc. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest ForecastsThere's been a major selloff in Harmonic Drive Systems Inc. ( TSE:6324 ) shares in the week since it released its...
Reported Earnings • Nov 15Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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 exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
Price Target Changed • Nov 14Price target decreased by 8.6% to JP¥4,229Down from JP¥4,629, the current price target is an average from 10 analysts. New target price is 103% above last closing price of JP¥2,087. Stock is down 47% over the past year. The company is forecast to post a net loss per share of JP¥5.58 next year compared to a net loss per share of JP¥261 last year.
分析記事 • Oct 27Harmonic Drive Systems Inc. (TSE:6324) Shares Slammed 25% But Getting In Cheap Might Be Difficult RegardlessUnfortunately for some shareholders, the Harmonic Drive Systems Inc. ( TSE:6324 ) share price has dived 25% in the last...
分析記事 • Oct 07Is Harmonic Drive Systems (TSE:6324) Using Debt Sensibly?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Upcoming Dividend • Sep 20Upcoming 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 Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%).
分析記事 • Sep 06Revenues Tell The Story For Harmonic Drive Systems Inc. (TSE:6324)When close to half the companies in the Machinery industry in Japan have price-to-sales ratios (or "P/S") below 0.7x...
分析記事 • Jul 19Investors Could Be Concerned With Harmonic Drive Systems' (TSE:6324) Returns On CapitalIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we...
Declared Dividend • Jul 11Final dividend of JP¥10.00 announcedDividend of JP¥10.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 0.4%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 135%. Cash payout ratio: 26%.
Reported Earnings • Jun 28Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull 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 exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan. 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 10% per year, which means it has not declined as severely as earnings.
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 • Jun 03Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 1.6% to JP¥4,510. The fair value is estimated to be JP¥3,651, 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.
分析記事 • May 25We Think Harmonic Drive Systems (TSE:6324) Can Stay On Top Of Its DebtWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Reported Earnings • May 16Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFull 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 exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Japan. 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 14% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • May 15Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥60.5b to JP¥59.7b. EPS estimate also fell from JP¥37.62 per share to JP¥33.39 per share. Net income forecast to grow 15% next year vs 8.1% growth forecast for Machinery industry in Japan. Consensus price target up from JP¥4,570 to JP¥4,720. Share price fell 8.2% to JP¥3,900 over the past week.
お知らせ • May 15Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2024Harmonic Drive Systems Inc., Annual General Meeting, Jun 21, 2024.
Major Estimate Revision • May 01Consensus EPS estimates fall by 76%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -JP¥1.48 to -JP¥2.60 per share. Revenue forecast unchanged at JP¥54.8b. Machinery industry in Japan expected to see average net income growth of 4.8% next year. Consensus price target of JP¥4,570 unchanged from last update. Share price was steady at JP¥3,965 over the past week.
分析記事 • Apr 16Harmonic Drive Systems' (TSE:6324) Returns On Capital Tell Us There Is Reason To Feel UneasyIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
分析記事 • Mar 31Estimating The Intrinsic Value Of Harmonic Drive Systems Inc. (TSE:6324)Key Insights Harmonic Drive Systems' estimated fair value is JP¥3,742 based on 2 Stage Free Cash Flow to Equity Current...
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 Japanese dividend payers (3.2%). Lower than average of industry peers (1.9%).
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
Major Estimate Revision • Feb 28Consensus EPS estimates upgraded to JP¥1.72 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -JP¥7.47 to -JP¥1.72 per share. Revenue forecast steady at JP¥55.0b. Machinery industry in Japan expected to see average net income growth of 3.5% next year. Consensus price target broadly unchanged at JP¥4,651. Share price rose 11% to JP¥3,990 over the past week.
Reported Earnings • Feb 10Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird 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 exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 62%. 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 Japan. 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 25% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Jan 10Consensus EPS estimates fall by 95%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -JP¥1.87 to -JP¥3.64 per share. Revenue forecast unchanged at JP¥55.1b. Machinery industry in Japan expected to see average net income growth of 8.8% next year. Consensus price target broadly unchanged at JP¥4,944. Share price fell 3.1% to JP¥4,030 over the past week.
Major Estimate Revision • Dec 14Consensus EPS estimates fall from profit to JP¥1.32 lossThe consensus outlook for fiscal year 2024 has been updated. Forecast loss of -JP¥1.32 per share in 2024, versus previous forecasts of JP¥0.028 per share. Revenue forecast unchanged from JP¥55.4b at last update. Machinery industry in Japan expected to see average net income growth of 7.0% next year. Consensus price target of JP¥4,913 unchanged from last update. Share price rose 3.8% to JP¥3,995 over the past week.
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.
Major Estimate Revision • Dec 05Consensus EPS estimates increase from loss to JP¥0.028 profitThe consensus outlook for fiscal year 2024 has been updated. Forecast profits in 2024 with EPS up from -JP¥0.072 to JP¥0.028 per share. Revenue forecast unchanged from last update at JP¥55.4b. Machinery industry in Japan expected to see average net income growth of 6.9% next year. Consensus price target broadly unchanged at JP¥4,913. Share price fell 6.4% to JP¥4,005 over the past week.
Major Estimate Revision • Nov 28Consensus EPS estimates upgraded to JP¥0.072 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -JP¥1.43 to -JP¥0.072 per share. Revenue forecast steady at JP¥55.4b. Machinery industry in Japan expected to see average net income growth of 7.8% next year. Consensus price target broadly unchanged at JP¥4,873. Share price was steady at JP¥4,280 over the past week.
Major Estimate Revision • Nov 16Consensus EPS estimates have been downgraded.The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥57.0b to JP¥55.5b. Now expected to report a loss of JP¥2.45 per share instead of JP¥19.39 per share profit previously forecast. Machinery industry in Japan expected to see average net income growth of 7.1% next year. Consensus price target broadly unchanged at JP¥4,803. Share price rose 6.5% to JP¥3,935 over the past week.
New Risk • Nov 10New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.4% Last year net profit margin: 11% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (7.4% net profit margin).
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 Japanese dividend payers (3.3%). Lower than average of industry peers (2.1%).
Major Estimate Revision • Sep 15Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥27.86 to JP¥24.62. Revenue forecast unchanged from JP¥59.0b at last update. Net income forecast to shrink 42% next year vs 4.6% growth forecast for Machinery industry in Japan . Consensus price target up from JP¥4,730 to JP¥4,883. Share price fell 6.2% to JP¥3,485 over the past week.
