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Harmonic Drive Systems ( (JP:6324) ) just unveiled an update.
Harmonic Drive Systems Inc. announced corrections to its previously reported financial results for the six months ended September 30, 2024. The adjustments, which only affect segment information, revealed a significant decrease in segment profit, primarily due to lower sales and reduced dividend income from subsidiaries. This correction highlights challenges in the company’s recovery pace in key markets such as industrial robotics and semiconductor manufacturing, impacting its financial performance and potentially affecting stakeholder confidence.
The most recent analyst rating on (JP:6324) stock is a Hold with a Yen2952.00 price target. To see the full list of analyst forecasts on Harmonic Drive Systems stock, see the JP:6324 Stock Forecast page.
More about Harmonic Drive Systems
Harmonic Drive Systems Inc. operates in the precision motion control industry, specializing in the production of high-precision gears and actuators. The company focuses on markets including industrial robotics, semiconductor manufacturing equipment, and automotive machinery.
Average Trading Volume: 1,392,865
Technical Sentiment Signal: Sell
Current Market Cap: Yen259.9B
For detailed information about 6324 stock, go to TipRanks’ Stock Analysis page.