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

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% － － － －

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