Harmonic Drive Systems, Oct-Dec (3Q) Ordinary Profit Turns to Profit

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Fri Feb 7, 2025 3:30 pm JST Earnings

6324 Harmonic Drive Systems Inc. 【J-GAAP】

Earnings Report

Harmonic Drive Systems Inc. <6324> [TSE Std] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending March 2025 (April to December) turned into a loss of 78 million yen (compared to a profit of 765 million yen in the same period last year).

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to expand to a loss of 422 million yen (compared to a loss of 195 million yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a profit of 750 million yen (compared to a loss of 398 million yen in the same period last year). The operating profit/loss margin significantly improved from -1.6% in the same period last year to 2.2%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	53,360	8,066	8,373	5,293	55.5	77.8	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	41,926	661	765	-402	-4.2	134.2	Feb 9, 2024	J-GAAP
Apr - Dec, 2024	40,363	-336	-78	-354	-3.7	ー	Feb 7, 2025	J-GAAP
YoY	-3.7%	－	－	+11.9%	+11.8%

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%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	13,161	-211	-398	-715	-7.5	-1.6	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	13,870	-537	-195	-24,404	-256.8	-3.9	May 13, 2024	J-GAAP
Apr - Jun, 2024	12,998	-238	-134	-283	-3.0	-1.8	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	13,561	-399	-694	-567	-6.0	-2.9	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	13,804	301	750	496	5.2	2.2	Feb 7, 2025	J-GAAP
YoY	+4.9%	－	－	－	－