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Harmonic Drive Systems, First Half Ordinary Profit Turns to Profit

Wed Nov 12, 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 November 12th (15:30). The consolidated ordinary profit/loss for the cumulative second quarter of the fiscal year ending March 2026 (April to September) turned into a profit of 0.50 billion yen (compared to a loss of 0.82 billion yen in the same period last year), exceeded the previous forecast of 0.20 billion yen.

However, Progress toward the full-year plan of 1.50 billion yen was 33.5%, also falling below the five-year average of 73.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 1.9% from the same period last year, reaching 0.99 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit/loss turned to a profit of 0.37 billion yen (compared to a loss of 0.69 billion yen in the same period last year). The operating profit/loss margin drastically improved from -2.9% in the same period last year to 2.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 28,765 872 1,163 313 3.3 204.0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 26,559 -637 -828 -850 -9.0 ー Nov 12, 2024 J-GAAP
Apr - Sep, 2025 27,838 465 502 317 3.4 33.5 Nov 12, 2025 J-GAAP
YoY +4.8% － － － －

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 27,000 300 200 300 3.2 10 Aug 6, 2025 J-GAAP
Apr - Sep, 2025 Results 27,838 465 502 317 3.4 10 Nov 12, 2025 J-GAAP
Revision Rate +3.1% +55.0% +151.0% +5.7% +5.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 29,086 643 979 4,323 45.5 10 May 14, 2025 J-GAAP
Oct - Mar, 2025 Guidance 29,162 1,035 998 983 10.4 10 Nov 12, 2025 J-GAAP
YoY +0.3% +61.0% +1.9% -77.3% -77.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 55,796 124 570 -24,806 -261.0 20 May 13, 2024 J-GAAP
Mar, 2025 55,645 6 151 3,473 36.6 20 May 14, 2025 J-GAAP
Mar, 2026 Guidance 57,000 1,500 1,500 1,300 13.7 20 Aug 6, 2025 J-GAAP
YoY +2.4% +24,900.0% +893.4% -62.6% -62.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 15,282 342 229 3,827 40.3 2.2 May 14, 2025 J-GAAP
Apr - Jun, 2025 13,496 122 131 -38 -0.4 0.9 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 14,342 343 371 355 3.8 2.4 Nov 12, 2025 J-GAAP
YoY +5.8% － － － －

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