Harmonic Drive Systems (6324) Q4 2026 earnings summary

Executive summary

• Net sales increased by 7.0% year-over-year to ¥59,557 million for the fiscal year ended March 31, 2026.

• Operating profit declined by 94.4% year-over-year to ¥2,567 million.

• Profit attributable to owners of parent dropped 53.7% year-over-year to ¥1,608 million.

• Comprehensive income rose to ¥4,078 million, up 132.0% year-over-year.

Financial highlights

• Gross profit increased to ¥18,133 million from ¥14,854 million year-over-year.

• Ordinary profit was ¥2,539 million, down from ¥151 million the previous year.

• Basic earnings per share fell to ¥16.99 from ¥36.57 year-over-year.

• Equity-to-asset ratio improved to 72.2% from 69.5% year-over-year.

• Cash and cash equivalents at year-end were ¥19,091 million, down from ¥22,923 million.

Outlook and guidance

• Forecast for fiscal year ending March 31, 2027: net sales ¥68,000 million (+14.2% YoY), operating profit ¥6,200 million (+141.5% YoY), profit attributable to owners of parent ¥4,500 million (+179.7% YoY), and basic EPS ¥47.54.

• Interim forecast: net sales ¥33,500 million (+20.3% YoY), operating profit ¥3,000 million (+544.5% YoY), profit attributable to owners of parent ¥2,200 million (+593.8% YoY), and basic EPS ¥23.24.