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Financial results presentation6324Harmonic Drive Systems Inc.Machinery

First-Quarter Financial Results Presentation for the Fiscal Year Ending March 2027

In the first quarter, consolidated net sales, operating profit and net profit significantly exceeded the year-earlier period, driven by increased demand. Accordingly, the full-year consolidated earnings forecasts were revised upward from net sales through net profit.

Worth reading
43Recurring
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
6500
¥ million (increase from the previous forecast for full-year consolidated net sales)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending March 20276 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥16,681 million+23.6%
Operating profit¥1,840 million
Ordinary income¥1,719 million
Net income¥1,274 million
Selling, general and administrative expenses226 Millions of yen increase
Operating profit margin
Rate11 %
Results for the three months of the current quarter
Net Sales
¥16,681 million
Operating profit
¥1,840 million
Ordinary income
¥1,719 million
Net income
¥1,274 million
Full-year earnings forecast
Net Sales
¥74,500 million
Operating profit
¥8,500 million
Ordinary income
¥8,200 million
Net income for the current fiscal year
¥6,000 million
EPS
¥63.38
Capital expenditures
¥6,600 million
Depreciation and amortization
¥7,100 million
Research and development costs
¥4,000 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Year-on-year operating profit
Foreign exchange impact269
Effect of higher sales1,436
Impact of contribution margin, changes in inventory and other factors617
Increase in manufacturing fixed costs and other expenses-378
Increase in selling, general and administrative expenses-226
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
USD/JPY
¥156.59 /US$
CNY/JPY
22.52 JPY/CNY
EUR/JPY
179.76 yen/€
Key KPIsA metric the company considers important as a management benchmark.
Net sales by application
Industrial Robots4,900
Semiconductor manufacturing equipment3,102
Machine tools1,886
Healthcare1,444
AI robots1,510
Aerospace and defense1,499
Automotive2,020
Orders received by application
Industrial Robots6,123
Semiconductor manufacturing equipment4,097
Machine tools2,029
Healthcare1,252
AI robots2,337
Aerospace and defense1,561
Automotive2,318
Segment results
US subsidiary (consolidated)
Net Sales
¥3,043 million
Year-on-year change in revenue12.5
Operating profit
¥174 million
Harmonic AD
Net Sales
¥666 million
Year-on-year change in revenue29.3
Operating profit
¥59 million
Harmonic Precision
Net Sales
¥1,203 million
Year-on-year change in revenue65.3
Operating profit
¥212 million
Harmonic Drive (Shanghai) Trading Co., Ltd.
Net Sales
¥1,013 million
Year-on-year change in revenue-17.9
Operating profit
¥108 million
Harmonic Drive SE
Net Sales
¥4,594 million
Year-on-year change in revenue26.4
Operating profit
¥408 million
Orders received and order backlog
Orders received
¥24,128 million
Capital expenditures
¥6,600 million
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Net Sales¥16,681 million (YoY +23.6%)
Operating profit¥1,840 million
Ordinary income¥1,719 million
Net income¥1,274 million
Operating profit marginRate 11 % / Year-on-year change (points) Not disclosed
Selling, general and administrative expenses226 Millions of yen (increase)
Results for the three months of the current quarterNet Sales ¥16,681 million / Operating profit ¥1,840 million / Ordinary income ¥1,719 million / Net income ¥1,274 million
Full-year earnings forecastNet Sales ¥74,500 million / Operating profit ¥8,500 million / Ordinary income ¥8,200 million / Net income for the current fiscal year ¥6,000 million / EPS ¥63.38 / Capital expenditures ¥6,600 million / Depreciation and amortization ¥7,100 million / Research and development costs ¥4,000 million
Segment resultsUS subsidiary (consolidated) Net Sales ¥3,043 million / Year-on-year change in revenue 12.5 / Operating profit ¥174 million / Harmonic AD Net Sales ¥666 million / Year-on-year change in revenue 29.3 / Operating profit ¥59 million / Harmonic Precision Net Sales ¥1,203 million / Year-on-year change in revenue 65.3 / Operating profit ¥212 million / Harmonic Drive (Shanghai) Trading Co., Ltd. Net Sales ¥1,013 million / Year-on-year change in revenue -17.9 / Operating profit ¥108 million / Harmonic Drive SE Net Sales ¥4,594 million / Year-on-year change in revenue 26.4 / Operating profit ¥408 million
Breakdown of Factors Affecting the ChangeYear-on-year operating profit Foreign exchange impact 269 / Effect of higher sales 1,436 / Impact of contribution margin, changes in inventory and other factors 617 / Increase in manufacturing fixed costs and other expenses -378 / Increase in selling, general and administrative expenses -226
Key KPIsNet sales by application Industrial Robots 4,900 / Semiconductor manufacturing equipment 3,102 / Machine tools 1,886 / Healthcare 1,444 / AI robots 1,510 / Aerospace and defense 1,499 / Automotive 2,020 / Orders received by application Industrial Robots 6,123 / Semiconductor manufacturing equipment 4,097 / Machine tools 2,029 / Healthcare 1,252 / AI robots 2,337 / Aerospace and defense 1,561 / Automotive 2,318
Assumptions Underlying the Business OutlookUSD/JPY ¥156.59 /US$ / CNY/JPY 22.52 JPY/CNY / EUR/JPY 179.76 yen/€
Capital expenditures¥6,600 million
Orders received and order backlogOrders received ¥24,128 million / Order backlog Not disclosed
Items this document does not state (15)
Gross Profit MarginProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesMarket Size / ShareKey points of the Q&ANew initiatives

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.

Demand for gearing systems and mechatronics products increased across major applications, led by industrial robots and semiconductor manufacturing equipment, and net sales are now expected to exceed the previous forecast. The earnings forecasts were revised upward mainly due to the effect of higher sales.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
First-Quarter Financial Results Presentation for the Fiscal Year Ending March 2027 | Harmonic Drive Systems Inc. (6324) timely disclosure | Komori