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Harmonic Drive Systems Inc. logo

Harmonic Drive Systems Inc.

6324 · XJPX · Specialty Industrial Machinery · Japan

Market Capitalization292.52B JPY
Trailing P/E85.46 JPY
52-Week Change11.88 JPY
Forward Annual Dividend Yield0.49%

Harmonic Drive Systems Inc. is a globally recognized company specializing in the development and manufacture of precision motion control equipment, particularly harmonic drive gears. These components are crucial in industries requiring high precision and reliability, such as robotics, semiconductor manufacturing, and aerospace. The unique design of harmonic drive systems allows for compact, lightweight, and highly accurate motion solutions, distinguishing them from traditional gear systems. Founded in 1970, the company has been a key player in the advancement of technologically complex machinery, contributing significantly to the automation and robotics sectors. Its products facilitate precise positional control and speed reduction, which are vital in cutting-edge applications ranging from industrial robots to satellite systems. By continually innovating its manufacturing processes and product capabilities, Harmonic Drive Systems Inc. remains fundamental to the growth and efficiency of the high-tech and engineering industries, cementing its role as a leader in precision gear technology on the global stage.

Industry

Specialty Industrial Machinery

Industrials sector · Japan

Stories

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Key Metrics

Market Capitalization
292.52BJPY
NormalMar 19, 2026
Trailing P/E
85.46JPY
AboveNormalMar 19, 2026
Revenue (TTM)
57.47BJPY
NormalMar 19, 2026
Profit Margin
26.69%
NormalMar 19, 2026
52-Week Change
11.88JPY
ExtremeMar 19, 2026
Forward Annual Dividend Yield
0.49%
NormalMar 19, 2026
Forward Yield
0.49%
Below 5Y avg (0.56%)
Annual Rate
JPY 20.00
Paid semi-annual
Payout Ratio
40.9%
Sustainable
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Track Record

Frequency
Semi-Annual

Upcoming

Ex-Dividend Date
Mar 30, 2026

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Valuation9
Market Capitalization
292.52BJPY
NormalMar 19, 2026
Enterprise Value
393.62BJPY
NormalMar 19, 2026
Trailing P/E
85.46JPY
AboveNormalMar 19, 2026
Forward P/E
55.23JPY
AboveNormalMar 19, 2026
PEG Ratio
55.23JPY
ExtremeMar 19, 2026
Price to Sales (TTM)
6.89JPY
NormalMar 19, 2026
Price to Book (MRQ)
5.10JPY
NormalMar 19, 2026
Enterprise to Revenue
6.85JPY
NormalMar 19, 2026
Enterprise to EBITDA
50.44JPY
AboveNormalMar 19, 2026
Profitability & Growth35
Profit Margin
26.69%
NormalMar 19, 2026
Operating Margin
5.06%
NormalMar 19, 2026
Return on Assets (TTM)
0.0085JPY
NormalMar 19, 2026
Return on Equity (TTM)
0.0591JPY
NormalMar 19, 2026
Revenue (TTM)
57.47BJPY
NormalMar 19, 2026
Revenue per Share (TTM)
606.50JPY
NormalMar 19, 2026
Gross Profit (TTM)
16.71BJPY
NormalMar 19, 2026
EBITDA
8.40BJPY
ExtremeMar 19, 2026
Net Income (TTM)
4.60BJPY
NormalMar 19, 2026
Operating Cash Flow (TTM)
3.86BJPY
NormalMar 19, 2026
Levered Free Cash Flow (TTM)
3.47BJPY
NormalMar 19, 2026
Forward Annual Dividend Rate
20.00JPY
NormalMar 19, 2026
Forward Annual Dividend Yield
0.49%
NormalMar 19, 2026
Trailing Annual Dividend Rate
20.00JPY
NormalMar 19, 2026
Trailing Annual Dividend Yield
0.49%
NormalMar 19, 2026
5-Year Average Dividend Yield
56.00%
ExtremeMar 19, 2026
Payout Ratio
0.4092JPY
NormalMar 19, 2026
Revenue
55.65B
NormalFY2025 · Mar 31, 2025
Cost of Goods Sold
40.79B
NormalFY2025 · Mar 31, 2025
Gross Profit
14.85B
NormalFY2025 · Mar 31, 2025
Operating Income
6.99M
NormalFY2025 · Mar 31, 2025
Pre-tax Income
4.78B
NormalFY2025 · Mar 31, 2025
Income Tax Expense
1.31B
NormalFY2025 · Mar 31, 2025
Net Income
3.47B
NormalFY2025 · Mar 31, 2025
EBIT
5.00B
NormalFY2025 · Mar 31, 2025
ebitda-income
8.40B
NormalFY2025 · Mar 31, 2025
Non-operating Interest Income
316.41M
NormalFY2025 · Mar 31, 2025
Non-operating Interest Expense
224.48M
NormalFY2025 · Mar 31, 2025
EPS (Basic)
36.57
NormalFY2025 · Mar 31, 2025
EPS (Diluted)
36.57
NormalFY2025 · Mar 31, 2025
Basic Shares Outstanding
94.98MShares
NormalFY2025 · Mar 31, 2025
Diluted Shares Outstanding
94.98MShares
NormalFY2025 · Mar 31, 2025
Net Income from Continuing Operations
4.78B
NormalFY2025 · Mar 31, 2025
Minority Interests (P&L)
0.00
NormalFY2025 · Mar 31, 2025
Preferred Stock Dividends
0.00
NormalFY2025 · Mar 31, 2025
Financial Strength28
Shares Outstanding
94.67MShares
NormalMar 19, 2026
% Held by Insiders
0.4029JPY
NormalMar 19, 2026
% Held by Institutions
0.3335JPY
NormalMar 19, 2026
Total Cash (MRQ)
20.57BJPY
NormalMar 19, 2026
Total Cash per Share (MRQ)
217.28JPY
NormalMar 19, 2026
Total Debt (MRQ)
18.49BJPY
NormalMar 19, 2026
Total Debt to Equity (MRQ)
23.83JPY
ExtremeMar 19, 2026
Current Ratio (MRQ)
3.94JPY
AboveNormalMar 19, 2026
Book Value per Share (MRQ)
819.41JPY
AboveNormalMar 19, 2026
Total Assets
113.62B
NormalFY2025 · Mar 31, 2025
Total Current Assets
53.16B
NormalFY2025 · Mar 31, 2025
Total Liabilities
34.68B
NormalFY2025 · Mar 31, 2025
Total Non-current Assets
60.46B
NormalFY2025 · Mar 31, 2025
Total Non-current Liabilities
20.78B
NormalFY2025 · Mar 31, 2025
Total Current Liabilities
13.90B
NormalFY2025 · Mar 31, 2025
Cash & Cash Equivalents
24.90B
NormalFY2025 · Mar 31, 2025
Other Short-term Investments
52.79M
NormalFY2025 · Mar 31, 2025
Accounts Receivable
13.14B
NormalFY2025 · Mar 31, 2025
Inventory
12.50B
NormalFY2025 · Mar 31, 2025
Accounts Payable
3.18B
NormalFY2025 · Mar 31, 2025
Short-term Debt
5.33B
NormalFY2025 · Mar 31, 2025
Other Current Liabilities
2.80B
NormalFY2025 · Mar 31, 2025
Long-term Debt
15.41B
NormalFY2025 · Mar 31, 2025
Other Non-current Liabilities
551.74M
NormalFY2025 · Mar 31, 2025
Common Stock (Book)
7.10B
NormalFY2025 · Mar 31, 2025
Retained Earnings
39.05B
NormalFY2025 · Mar 31, 2025
Total Shareholders' Equity
78.94B
NormalFY2025 · Mar 31, 2025
Treasury Stock
5.63B
ExtremeFY2025 · Mar 31, 2025
Market & Technical8
52-Week Low
2.32KJPY
NormalMar 19, 2026
52-Week High
4.93KJPY
NormalMar 19, 2026
52-Week Change
11.88JPY
ExtremeMar 19, 2026
50-Day MA
3.89KJPY
NormalMar 19, 2026
200-Day MA
3.17KJPY
NormalMar 19, 2026
Avg 10-Day Volume
1.49MJPY
NormalMar 19, 2026
Avg 30-Day Volume
1.55MJPY
NormalMar 19, 2026
Diluted EPS (TTM)
48.91JPY
NormalMar 19, 2026

Coordination

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Supply Chain

Wind Turbine Supply Chain

The wind turbine supply chain is governed by three structural constraints that set it apart from conventional manufacturing: component scale — modern turbine blades exceed 80 meters in length and cannot be containerized, forcing specialized transport logistics that dictate where manufacturing and installation can occur; site-specificity — every turbine installation is engineered for local wind profiles, soil conditions, and grid connection, eliminating the possibility of standardized deployment; and rare earth magnet dependency — direct-drive turbines require neodymium permanent magnets, binding the expansion of wind energy to the concentrated and geopolitically sensitive rare earth supply chain.

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