Harmonic Drive Systems (6324) Q1 2027 earnings summary

Executive summary

• Achieved strong year-over-year growth in 1Q FY03/27, with net sales rising 23.6% to ¥16,681 million and operating income surging to ¥1,840 million from ¥122 million.

• Ordinary profit increased to ¥1,719 million from ¥131 million, and profit attributable to owners of parent reached ¥1,274 million, reversing a prior-year loss.

• Comprehensive income improved significantly to ¥1,942 million from a loss of ¥1,068 million year-over-year.

• Upward revisions to full-year forecasts reflect robust demand in key sectors, especially industrial robots and semiconductor manufacturing equipment.

Financial highlights

• Consolidated 1Q net sales rose 23.6% year-over-year to ¥16,681 million; operating income surged to ¥1,840 million from ¥122 million.

• Gross profit increased to ¥5,931 million from ¥3,828 million year-over-year.

• Net income improved from a loss of ¥38 million to a profit of ¥1,274 million; EPS increased from ¥(0.40) to ¥13.46.

• Total assets grew to ¥113,208 million as of June 30, 2026, up from ¥111,400 million at the previous fiscal year-end.

• Net assets increased to ¥81,386 million from ¥80,390 million at March 31, 2026.

Outlook and guidance

• Full-year consolidated net sales forecast revised up to ¥74,500 million; operating income forecast up to ¥8,500 million.

• Net income for FY03/27 now expected at ¥6,000 million, up from previous guidance.

• Basic earnings per share for the full year is projected at ¥63.38.

• Non-consolidated net sales forecast raised to ¥45,000 million, a 34.6% year-over-year increase.

• No revisions to the most recent dividend forecast; annual dividend expected to be ¥20.00 per share.