Harmonic Drive Systems Reports Financial Decline with Cautious Outlook

Harmonic Drive Systems ( (JP:6324) ) has provided an announcement.

Harmonic Drive Systems Inc. reported its financial results for the nine months ending December 31, 2024, highlighting a decline in net sales by 3.7% compared to the previous period. The company also faced operating and ordinary profit losses, with a slight improvement in comprehensive income. Despite these challenges, the equity ratio slightly improved due to reduced total assets. The forecast for the fiscal year ending March 31, 2025, remains unchanged, indicating a cautious outlook for recovery.

More about Harmonic Drive Systems

Harmonic Drive Systems Inc. operates in the precision motion control industry, specializing in producing high-precision gears, actuators, and servo systems primarily for robotics and automation sectors.

YTD Price Performance: 45.28%

Average Trading Volume: 510

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $2.75B

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