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Results6324Harmonic Drive Systems Inc.Machinery

Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

During the interim period, orders and net sales increased on the back of investment related to AI and demand for semiconductor manufacturing equipment, resulting in significant improvements in operating income and net income. The full-year earnings forecast and annual dividend forecast were also revised, with the annual dividend raised to ¥28.

Worth reading
62In 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
803.5
%
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales36,124¥ millionYear on year +29.8%Progress 46.3%
Operating profit4,205¥ millionYear on year +803.5%Progress 41.2%
Ordinary income4,084¥ millionYear on year +712.5%Progress 40.8%
Net income attributable to owners of the parent2,986¥ millionYear on year +841.8%Progress 41.5%

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¥31.54
Financial position at period-end
Total assets114,060¥ million
of which net assets 83,445 ¥ millionEquity ratio 73.2%vs. prior year-end +1.0pt

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.

Cash inflows and outflows
Operating+5,875
Investment-1,190
Financials-3,765
Net change+920

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥20,357 million
Segment revenue
Japan17,20647.6%+39.1%
China2,2456.2%-1.4%
North America7,13919.8%+29.9%
Europe9,53426.4%+23.9%
Segment profit
Japan4,72184.0%+229.4%
China2203.9%-25.0%
North America5039.0%
Europe1743.1%+399.7%
Regional sales
China2,2455.4%
North America7,13917.3%
Europe9,53423.1%
Other regions1,7164.2%
Total overseas revenue20,63550.0%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥78,000 million (YoY +31.0%)
Operating profit¥10,200 million (YoY +297.3%)
Ordinary income¥10,000 million (YoY +293.8%)
Net income¥7,200 million (YoY +347.5%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥78,000 million / Operating profit Not disclosed → ¥10,200 million / Ordinary income Not disclosed → ¥10,000 million / Net income Not disclosed → ¥7,200 million
Annual Dividend Forecast¥20 → ¥28(+40.0%)
Factors Behind Changes in Business Performance

Orders for semiconductor manufacturing equipment increased as global automation investment remained resilient and capital investment demand in the advanced semiconductor field, particularly for AI-related applications, expanded. Operating income increased as a result of the positive impact of higher sales on earnings.

Disclosure regarding the going concern assumption

Not applicable

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 consolidation0 additions, 0 exclusions (no material changes)
Material subsequent eventsNot applicable
Impairment lossNot applicable
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3 million / Extraordinary loss Loss on disposal of fixed assets ¥18 million
Depreciation and amortization¥3,523 million
Orders received and order backlogOrders received ¥50,386 million / Order backlog ¥36,468 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for analysts)
Issued Shares at Period-End96,315,400 Shares
Treasury Shares at Period-End1,638,685 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥36,124 million (YoY +29.8%)
Operating profit¥4,205 million (YoY +803.5%)
Ordinary income¥4,084 million (YoY +712.5%)
Profit attributable to owners of the parent¥2,986 million (YoY +841.8%)
Net income per share¥31.54
Equity ratioEnd of the current fiscal period 73.2 / End of previous period 72.2
Total assets¥114,060 million
Net assets¥83,445 million
Cash flows from operating activities¥5,875 million
Cash flows from investing activities¥-1,190 million
Cash flows from financing activities¥-3,765 million
Cash and cash equivalents at end of period¥20,357 million
Full-year earnings forecastNet Sales ¥78,000 million (YoY +31.0%) / Operating profit ¥10,200 million (YoY +297.3%) / Ordinary income ¥10,000 million (YoY +293.8%) / Net income ¥7,200 million (YoY +347.5%)
Revision to Earnings ForecastNet Sales Not disclosed → ¥78,000 million / Operating profit Not disclosed → ¥10,200 million / Ordinary income Not disclosed → ¥10,000 million / Net income Not disclosed → ¥7,200 million
Annual Dividend Forecast¥20 → ¥28(+40.0%)
Segment revenueJapan ¥17,206 million (YoY +39.1%) / China ¥2,245 million (YoY -1.4%) / North America ¥7,139 million (YoY +29.9%) / Europe ¥9,534 million (YoY +23.9%)
Segment profitJapan ¥4,721 million (YoY +229.4%) / China ¥220 million (YoY -25.0%) / North America ¥503 million / Europe ¥174 million (YoY +399.7%)
Regional salesChina ¥2,245 million / North America ¥7,139 million / Europe ¥9,534 million / Other regions ¥1,716 million / Total overseas revenue ¥20,635 million
Orders received and order backlogOrders received ¥50,386 million / Order backlog ¥36,468 million
Depreciation and amortization¥3,523 million
Impairment lossNot applicable
Breakdown of extraordinary income (loss)Extraordinary income Gain on sale of non-current assets ¥3 million / Extraordinary loss Loss on disposal of fixed assets ¥18 million
Disclosure regarding the going concern assumptionNot applicable
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 consolidation0 additions, 0 exclusions (no material changes)
Material subsequent eventsNot applicable
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for analysts)
Issued Shares at Period-End96,315,400 Shares
Treasury Shares at Period-End1,638,685 Shares
Factors Behind Changes in Business PerformanceOrders for semiconductor manufacturing equipment increased as global automation investment remained resilient and capital investment demand in the advanced semiconductor field, particularly for AI-related applications, expanded. Operating income increased as a result of the positive impact of higher sales on earnings.
Items this document does not state (3)
Operating MarginPayout 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.

In addition to resilient global automation investment, capital investment demand in the advanced semiconductor field, particularly for AI-related applications, expanded, increasing orders for semiconductor manufacturing equipment. The positive impact of higher sales on earnings also contributed to the increase in operating income.

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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated) | Harmonic Drive Systems Inc. (6324) timely disclosure | Komori