Harmonic Drive Systems Inc

6324: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Harmonic Drive Systems Earnings: Near-Term Growth Relies on China; Margin Recovery Is Still Doubtful

Kangyuxiao Li

May 16, 2025

Harmonic Drive Systems reported its fiscal 2024 (ending March 2025) sales were down 0.3% and breakeven operating profit. The company disclosed guidance only for the first half of fiscal 2025 (ending March 2026), estimating sales to grow by 1.7% year on year and operating margin of 1.1%.

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Harmonic Drive Systems Inc

Harmonic Drive Systems Earnings: Near-Term Growth Relies on China; Margin Recovery Is Still Doubtful

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