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Harmonic Drive Systems (6324) investor relations material
Harmonic Drive Systems Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated net sales reached ¥27,838 million in 1H FY03/26, up 4.8% year-over-year and 3.1% above forecasts, driven by strong demand in industrial robots and semiconductor equipment, despite declines in automotive applications.
Operating income turned positive to ¥465 million from a loss of ¥637 million in the prior year, exceeding forecasts by 55.2%.
Net income reached ¥317 million, a significant improvement from a loss of ¥850 million year-over-year.
Orders received increased 14.3% year-over-year to ¥29,519 million, with notable growth in Japan and Europe, while order backlog decreased 7.5% to ¥20,531 million.
Strong order recovery in Europe and North America, with robust demand for AI robot and semiconductor equipment applications.
Financial highlights
Net sales increased by ¥1,279 million year-over-year; operating income improved by ¥1,103 million.
Ordinary income rose to ¥502 million from a loss of ¥828 million year-over-year.
EPS improved to ¥3.35 from a loss of ¥8.95 year-over-year.
Gross profit improved to ¥7,965 million from ¥6,727 million year-over-year, with gross margin rising due to higher factory utilization in Japan.
Comprehensive income was negative ¥438 million, down from ¥2,391 million last year, mainly due to foreign currency translation losses.
Outlook and guidance
Full-year FY03/26 consolidated net sales forecast at ¥57,000 million, up 2.4% year-over-year.
Operating income projected at ¥1,500 million, a substantial increase from ¥6 million in the prior year.
Net income expected to decline to ¥1,300 million due to one-time gains in the previous year.
Dividend forecast remains unchanged at ¥20 per share for the fiscal year ending March 31, 2026.
Capital investment planned at ¥6,100 million, up 62% year-over-year.
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