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Earnings6324Harmonic Drive Systems Inc.Machinery

Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

First-quarter net sales increased 23.6% year on year, while operating profit improved significantly to ¥1,840 million. Full-year forecasts were revised, with projected net sales of ¥74,500 million and operating profit of ¥8,500 million.

Worth reading
56In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
23.6
%
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 April 2026 to 30 June 2026ConsolidatedJapanese GAAP
Net Sales16,681¥ millionYear on year +23.6%Progress 22.4%
Operating profit1,840¥ millionProgress 21.6%
Ordinary income1,719¥ millionProgress 21.0%
Net income attributable to owners of the parent1,274¥ millionProgress 21.2%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥13.46
Financial position at period-end
Total assets113,208¥ million
of which net assets 81,386 ¥ millionEquity ratio 71.9%vs. prior year-end -0.3pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Segment revenue
Japan8,09048.5%
China1,0076.0%
North America3,03518.2%
Europe4,54727.3%
Segment profit
Japan2,16684.3%
China973.8%
North America1656.4%
Europe1405.5%
Regional sales
China1,00710.7%
North America3,03532.1%
Europe4,54748.2%
Other regions8539.0%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥74,500 million (YoY +25.1%)
Operating profit¥8,500 million (YoY +231.0%)
Ordinary income¥8,200 million (YoY +222.9%)
Net income¥6,000 million (YoY +272.9%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥74,500 million / Operating profit Not disclosed → ¥8,500 million / Ordinary income Not disclosed → ¥8,200 million / Net income Not disclosed → ¥6,000 million
Annual Dividend Forecast¥20 → ¥20(0.0%)
Factors Behind Changes in Business Performance

Orders and net sales increased as global automation investment remained solid, sizable orders were received for surgical-assistance robots in the North American market, and capital investment demand in the advanced semiconductor sector, particularly in applications related to generative AI, expanded. Profit improved due to the earnings benefit from higher net sales, an improved manufacturing cost ratio resulting from higher factory utilization in Japan, and a decrease in one-off costs in North America.

Disclosure regarding the going concern assumption

No applicable matters.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsAt a Board of Directors meeting held on 15 July 2026, the Company resolved to dispose of 9,929 treasury shares as restricted stock compensation. The total disposal amount is ¥74,864,660, and the payment date is 5 August 2026.
Impairment lossNone (impairment losses on fixed assets and other items by reportable segment)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥2 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥15 million
Depreciation and amortization¥1,732 million
Orders received and order backlogOrders received ¥24,128 million / Order backlog ¥29,457 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End96,315,400
Treasury Shares at Period-End1,648,612
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 June 2026
Net Sales¥16,681 million (YoY +23.6%)
Operating profit¥1,840 million
Ordinary income¥1,719 million
Profit attributable to owners of the parent¥1,274 million
Net income per share¥13.46
Equity ratioEnd of the current fiscal period 71.9 / End of previous period 72.2
Total assets¥113,208 million
Net assets¥81,386 million
Full-year earnings forecastNet Sales ¥74,500 million (YoY +25.1%) / Operating profit ¥8,500 million (YoY +231.0%) / Ordinary income ¥8,200 million (YoY +222.9%) / Net income ¥6,000 million (YoY +272.9%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥74,500 million / Operating profit Not disclosed → ¥8,500 million / Ordinary income Not disclosed → ¥8,200 million / Net income Not disclosed → ¥6,000 million
Annual Dividend Forecast¥20 → ¥20(0.0%)
Segment revenueSegment Japan / Net Sales ¥8,090 million / yoy_pct ¥36.2 million, Segment China / Net Sales ¥1,007 million / yoy_pct ¥-18.3 million, Segment North America / Net Sales ¥3,035 million / yoy_pct ¥12.4 million, Segment Europe / Net Sales ¥4,547 million / yoy_pct ¥25.5 million
Segment profitSegment Japan / Segment profit ¥2,166 million / yoy_pct ¥214 million, Segment China / Segment profit ¥97 million / yoy_pct ¥-35.8 million, Segment North America / Segment profit ¥165 million / yoy_pct Not disclosed / Same-period previous-year figure ¥-38 million, Segment Europe / Segment profit ¥140 million / yoy_pct Not disclosed / Same-period previous-year figure ¥-79 million
Regional salesRegion China / Net Sales ¥1,007 million / Percentage of consolidated net sales ¥6 million, Region North America / Net Sales ¥3,035 million / Percentage of consolidated net sales ¥18.2 million, Region Europe / Net Sales ¥4,547 million / Percentage of consolidated net sales ¥27.3 million, Region Other regions / Net Sales ¥853 million / Percentage of consolidated net sales ¥5.1 million
Orders received and order backlogOrders received ¥24,128 million / Order backlog ¥29,457 million
Depreciation and amortization¥1,732 million
Impairment lossNone (impairment losses on fixed assets and other items by reportable segment)
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥2 million / Extraordinary loss Loss on Disposal of Fixed Assets ¥15 million
Disclosure regarding the going concern assumptionNo applicable matters.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew 0 companies / Excluded 0 companies / Company name None
Material subsequent eventsAt a Board of Directors meeting held on 15 July 2026, the Company resolved to dispose of 9,929 treasury shares as restricted stock compensation. The total disposal amount is ¥74,864,660, and the payment date is 5 August 2026.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End96,315,400
Treasury Shares at Period-End1,648,612
Factors Behind Changes in Business PerformanceOrders and net sales increased as global automation investment remained solid, sizable orders were received for surgical-assistance robots in the North American market, and capital investment demand in the advanced semiconductor sector, particularly in applications related to generative AI, expanded. Profit improved due to the earnings benefit from higher net sales, an improved manufacturing cost ratio resulting from higher factory utilization in Japan, and a decrease in one-off costs in North America.
Items this document does not state (7)
Operating MarginCash flows from operating activitiesCash flows from investing activitiesCash flows from financing activitiesCash and cash equivalents at end of periodPayout ratioShareholder Return Policy

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Orders and net sales increased as global automation investment remained solid, supported by sizable orders for surgical-assistance robots in the North American market and growing capital investment demand in the advanced semiconductor sector, particularly in applications related to generative AI. Operating profit improved due to the earnings benefit from higher net sales. In Japan, the manufacturing cost ratio improved as factory utilization increased, while in North America, the decrease in one-off costs related to the core-system upgrade recorded in the same period of the previous year also contributed.

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Financial Results for the First Quarter of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | Harmonic Drive Systems Inc. (6324) timely disclosure | Komori