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: Japan Strength Offsets China Slump; Margins Hinge on Utilization

Kangyuxiao Li

Feb 11, 2026

Harmonic Drive Systems, or HDS, posted flat December-quarter sales of JPY 14.3 billion quarter on quarter, while operating margin rose 2.7 percentage points sequentially to 5.1%, the highest level in the past 10 quarters.

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Harmonic Drive Systems Inc

Harmonic Drive Systems Earnings: Japan Strength Offsets China Slump; Margins Hinge on Utilization

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