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Harmonic Drive Systems Inc. surges on upward revision to fiscal March 2026 earnings forecast driven by stronger-than-expected semiconductor manufacturing equipment demand
Harmonic Drive Systems Inc. <6324> surged sharply. The company announced after the close on the 24th that its consolidated financial results for the fiscal year ending March 2026, currently being finalized, are expected to exceed initial forecasts. Sales are now projected at 59.5 billion yen (up 6.9% year-on-year) compared to the previous forecast of 57.0 billion yen, operating profit at 2.5 billion yen (versus 60 million yen in the previous year) compared to the earlier estimate of 1.5 billion yen, and net profit at 1.58 billion yen (down 54.5% year-on-year) versus the prior forecast of 1.3 billion yen. The announcement was positively received by the market.
Sales for robotics and semiconductor manufacturing equipment exceeded expectations, primarily in Japan and North America. The increase in sales also contributed to improved factory utilization rates in these regions.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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