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: Semiconductor Mix Lifts Margins and Fair Value Estimate by 14%

Kangyuxiao Li

Aug 10, 2026

Harmonic Drive Systems posted June-quarter sales of JPY 16.7 billion, up 24% year on year, with operating margin coming to 11%. Orders grew 56% year on year to JPY 24.1 billion. Shares plunged 11% on the next trading day, Aug. 10.

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Harmonic Drive Systems Inc

Harmonic Drive Systems Earnings: Semiconductor Mix Lifts Margins and Fair Value Estimate by 14%

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