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Harmonic Drive Systems
(6324)
Harmonic Drive Systems (6324) vs. iShares MSCI Japan ETF (EWJ)
Harmonic Drive Systems Business Overview & Revenue Model
Harmonic Drive Systems Financial Statement Overview
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.14B | 55.65B | 55.80B | 71.53B | 57.09B | 37.03B |
| Gross Profit | 15.27B | 14.85B | 15.61B | 25.79B | 22.43B | 12.58B |
| EBITDA | 13.54B | 13.03B | -17.07B | 19.94B | 17.40B | 8.52B |
| Net Income | 3.72B | 3.47B | -24.81B | 7.60B | 6.64B | 662.50M |
Balance Sheet | ||||||
| Total Assets | 107.84B | 113.62B | 119.14B | 154.34B | 143.29B | 140.03B |
| Cash, Cash Equivalents and Short-Term Investments | 20.96B | 24.95B | 20.36B | 20.81B | 19.93B | 21.16B |
| Total Debt | 18.78B | 20.74B | 23.81B | 27.37B | 20.91B | 9.50B |
| Total Liabilities | 31.73B | 34.68B | 39.74B | 50.38B | 44.43B | 29.97B |
| Stockholders Equity | 76.12B | 78.94B | 79.40B | 103.96B | 98.86B | 102.89B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.63B | 7.42B | 1.78B | 5.07B | 8.17B |
| Operating Cash Flow | 0.00 | 7.52B | 12.73B | 10.85B | 9.88B | 9.56B |
| Investing Cash Flow | 0.00 | 1.48B | -5.95B | -8.66B | -19.49B | -4.18B |
| Financing Cash Flow | 0.00 | -5.87B | -8.12B | -1.60B | 8.12B | -3.61B |
Harmonic Drive Systems Technical Analysis
Harmonic Drive Systems Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥370.54B | 28.83 | ― | 2.50% | 6.16% | 17.11% | |
73 Outperform | ¥328.31B | 25.60 | ― | 1.65% | 14.49% | -21.17% | |
71 Outperform | $594.58B | 38.64 | 5.25% | 2.13% | -2.23% | 130.96% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ¥756.21B | 23.98 | 0.59% | 2.95% | -2.67% | -85.21% | |
58 Neutral | $438.48B | 94.05 | 5.62% | 0.56% | 6.22% | ― | |
55 Neutral | ¥631.46B | 98.88 | 1.88% | 6.16% | 1.98% | -48.28% |
Harmonic Drive Systems Corporate Events
Harmonic Drive Systems Inc. has shifted its stock listing from the Tokyo Stock Exchange’s Standard Market to the Prime Market, effective February 27, 2026. The move underscores the company’s maturity and eligibility for the exchange’s highest tier, reflecting its scale, governance standards and appeal to institutional investors.
Management framed the Prime Market listing as a milestone enabled by the support of shareholders, customers, employees and other stakeholders. The company reiterated its vision of becoming the leading global provider of total motion control and signaled that the upgraded listing will support further enhancement of corporate value and contributions to broader technological innovation in society.
The most recent analyst rating on (JP:6324) stock is a Hold with a Yen4751.00 price target. To see the full list of analyst forecasts on Harmonic Drive Systems stock, see the JP:6324 Stock Forecast page.
Harmonic Drive Systems has received approval from Tokyo Stock Exchange, Inc. to move its listing from the Standard Market to the Prime Market, effective February 27, 2026. The upgrade reflects the company’s progress toward higher governance and market standards, potentially broadening its investor base and reinforcing its positioning as a leading motion control specialist committed to supporting future-oriented technological innovation.
The company reiterated its vision of becoming the best provider of total motion control in harmony with the future, signaling continued investment in technologies that underpin automation and advanced manufacturing. Management framed the Prime Market listing as a milestone enabled by the support of shareholders, customers, employees and other stakeholders, indicating an intention to leverage the new status to further enhance corporate value and strengthen stakeholder confidence.
The most recent analyst rating on (JP:6324) stock is a Hold with a Yen3752.00 price target. To see the full list of analyst forecasts on Harmonic Drive Systems stock, see the JP:6324 Stock Forecast page.
Harmonic Drive Systems has approved a new business execution structure effective April 1, 2026, largely built around reappointments of its existing top management, including President and CEO Akira Maruyama and CFO Kazutoshi Kamijoh, to ensure continuity in group management and financial oversight. The company is also realigning executive responsibilities in supply chain, production, engineering, risk management, and sustainability, while preparing planned role transitions for executives such as Minoru Asano and Yoshihiro Tanioka, moves that appear aimed at strengthening governance, cost innovation, and operational efficiency across its manufacturing and corporate functions.
In addition to maintaining key leadership positions, Harmonic Drive Systems is elevating production oversight by newly appointing Isao Mimura as Executive Officer in charge of production and company-wide cost innovation projects. This reorganization signals a strategic emphasis on tighter integration of production, supply chain, and cost management, which may enhance the firm’s competitiveness in precision drive markets and provide stakeholders with greater confidence in its long-term operational resilience.
The most recent analyst rating on (JP:6324) stock is a Hold with a Yen3752.00 price target. To see the full list of analyst forecasts on Harmonic Drive Systems stock, see the JP:6324 Stock Forecast page.
Harmonic Drive Systems announced board-level changes, appointing Executive Officer Shizuka Yata as Director and naming Masao Yoshikawa, a veteran of Mizuho Trust & Banking and TAISEI CORPORATION, as a new Outside Director expected to be designated an Independent Director. The reshuffle, effective mid-June 2026 pending shareholder approval, also sees Director Yoshihiro Tanioka retire to become Technical Advisor and Outside Director Masanobu Nakamura step down, signaling a calibrated refresh of governance with added financial and corporate management expertise.
The company will also strengthen its oversight structure by appointing Managing Executive Officer Minoru Asano, who has extensive experience in production technology and supply chain management within the group, as a full-time Audit & Supervisory Board Member. This move brings deep operational knowledge into the audit function and, together with the board changes, suggests an effort to tighten governance and risk oversight as the company navigates future growth and increasingly complex supply chain and production demands.
The most recent analyst rating on (JP:6324) stock is a Hold with a Yen3752.00 price target. To see the full list of analyst forecasts on Harmonic Drive Systems stock, see the JP:6324 Stock Forecast page.
Harmonic Drive Systems reported a return to profitability for the nine months ended Dec. 31, 2025, with net sales rising 4.5% year on year to ¥42.18 billion and profit attributable to owners of parent reaching ¥769 million, reversing a loss a year earlier. Operating and ordinary profit both moved back into positive territory, and comprehensive income more than tripled, while basic earnings per share improved to ¥8.13 from a per-share loss.
The company’s financial position remained solid, with total assets of ¥109.15 billion and an equity ratio of 71.1%, indicating a strong balance sheet despite a slight decline in net assets since March 2025. Management kept its full-year forecast unchanged, targeting ¥57.0 billion in net sales and ¥1.5 billion in operating and ordinary profit, and plans to maintain an annual dividend of ¥20 per share, signaling confidence in cash flow and a continued commitment to shareholder returns.
The most recent analyst rating on (JP:6324) stock is a Hold with a Yen3752.00 price target. To see the full list of analyst forecasts on Harmonic Drive Systems stock, see the JP:6324 Stock Forecast page.
Harmonic Drive Systems reported a return to profitability for the nine months ended Dec. 31, 2025, as net sales rose 4.5% year on year to ¥42.2 billion, lifting operating profit to ¥1.2 billion and profit attributable to owners of parent to ¥769 million after a loss a year earlier. The company’s equity-to-asset ratio improved to 71.1%, and it maintained its dividend policy with ¥10 per share paid at the second quarter and a full-year forecast of ¥20, signaling confidence in its balance sheet and cash-generation capacity.
For the full year to March 31, 2026, Harmonic Drive Systems forecasts net sales of ¥57 billion and operating profit of ¥1.5 billion, with ordinary profit surging versus the prior year but profit attributable to owners expected to fall 62.6% to ¥1.3 billion due to a high comparison base. While no changes were made to its earnings or dividend forecasts, the guidance suggests moderate top-line growth and margin recovery, giving investors visibility on a gradual earnings normalization after recent volatility.
The most recent analyst rating on (JP:6324) stock is a Buy with a Yen5000.00 price target. To see the full list of analyst forecasts on Harmonic Drive Systems stock, see the JP:6324 Stock Forecast page.
Harmonic Drive Systems reported consolidated net sales of ¥42.18 billion for the nine months to December 31, 2025, up 4.5% year on year, with operating profit rebounding to ¥1.19 billion from a prior loss and profit attributable to owners reaching ¥769 million. The company’s equity ratio improved to 71.1% despite a slight decline in total assets, and it maintained its dividend policy with a planned annual payout of ¥20 per share, while keeping its full-year forecast unchanged at ¥57 billion in sales and ¥1.5 billion in operating profit, signaling a modest recovery and financial stability for stakeholders.
The most recent analyst rating on (JP:6324) stock is a Buy with a Yen5000.00 price target. To see the full list of analyst forecasts on Harmonic Drive Systems stock, see the JP:6324 Stock Forecast page.