Harmonic Drive Systems ( (HSYDF) ) has released its Q1 earnings. Here is a breakdown of the information Harmonic Drive Systems presented to its investors.
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Harmonic Drive Systems Inc. is a company listed on the Tokyo Stock Exchange, specializing in precision motion control technology, primarily serving the robotics and automation sectors. The company is known for its innovative harmonic gear technology, which is widely used in various high-tech applications.
In its latest earnings report for the three months ended June 30, 2025, Harmonic Drive Systems Inc. reported a modest increase in net sales by 3.8% year-on-year, reaching 13,496 million yen. Despite the increase in sales, the company posted a loss attributable to owners of the parent of 38 million yen, although this was a significant improvement from the 283 million yen loss recorded in the same period the previous year.
Key financial metrics showed that the company achieved an operating profit of 122 million yen, a turnaround from the operating loss of 238 million yen in the previous year. Ordinary profit also improved to 131 million yen from a loss of 134 million yen. However, comprehensive income saw a decline, with a loss of 1,068 million yen compared to a gain of 2,002 million yen in the prior year, largely due to unfavorable foreign currency translation adjustments.
Looking ahead, Harmonic Drive Systems Inc. has adjusted its financial forecast for the fiscal year ending March 31, 2026. The company anticipates net sales of 57,000 million yen, a 2.4% increase year-on-year, and a profit attributable to owners of the parent of 1,300 million yen, reflecting a significant decrease of 62.6% compared to the previous year. The management remains cautiously optimistic, focusing on strategic initiatives to enhance profitability and market position.