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: Divergent Japan-China Performance Keeps Margins Under Pressure

Kangyuxiao Li

Nov 19, 2025

Harmonic Drive Systems reported September-quarter sales growth of 5.8% year on year and an operating margin of 2.4%, the highest in nine quarters. Shares jumped 4% on Nov. 13 after the announcement, but later fell below the preannouncement levels.

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Harmonic Drive Systems Inc

Harmonic Drive Systems Earnings: Divergent Japan-China Performance Keeps Margins Under Pressure

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