Harmonic Drive Systems, The Current Fiscal Year Net Income Turns to Profit, Exceeds Expectations

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Thu Jan 16, 2025 5:15 pm JST Revision

6324 Harmonic Drive Systems Inc. 【J-GAAP】

Guidance Update Report

Harmonic Drive Systems Inc. <6324> [TSE Std] announced a performance revision after the market closed on January 16th (17:15). The consolidated net income for the fiscal year ending March 2025 has been revised upward from an expected loss of 0.4 billion yen to a profit of 3.6 billion yen (compared to a loss of 24.8 billion yen in the previous period), turning to a profit.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) consolidated net income is expected to increase 9.9 times, from the previous forecast of 0.45 billion yen to 4.45 billion yen (compared to a loss of 25.1 billion yen in the same period of the previous year).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	27,441	237	328	450	4.7	10	Nov 12, 2024	J-GAAP
Oct - Mar, 2024 New	27,441	237	328	4,450	46.9	10	Jan 16, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	+888.9%	+888.6%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	54,000	-400	-500	-400	-4.2	20	Nov 12, 2024	J-GAAP
Mar, 2025 New	54,000	-400	-500	3,600	37.9	20	Jan 16, 2025	J-GAAP
Revision Rate	0.0%	0.0%	0.0%	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	27,031	-748	-593	-25,119	-264.3	10	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	27,441	237	328	4,450	46.9	10	Jan 16, 2025	J-GAAP
YoY	+1.5%	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	71,527	10,224	10,757	7,595	79.7	28	May 12, 2023	J-GAAP
Mar, 2024	55,796	124	570	-24,806	-261.0	20	May 13, 2024	J-GAAP
Mar, 2025 Guidance	54,000	-400	-500	3,600	37.9	20	Jan 16, 2025	J-GAAP
YoY	-3.2%	－	－	－	－