Harmonic Drive Systems (6324) Q4 2025 earnings summary

Executive summary

• Net sales for FY ended March 31, 2025 were ¥55,645 million, down 0.3% year-over-year.

• Operating profit dropped 94.4% to ¥151 million; ordinary profit fell 98.8% to ¥6 million.

• Profit attributable to owners was ¥570 million, a 73.5% decrease year-over-year.

• Comprehensive income improved to ¥1,757 million from a loss of ¥21,661 million in the prior year.

Financial highlights

• Basic earnings per share was ¥36.57, compared to a loss of ¥261.00 in the previous year.

• Total assets at year-end were ¥113,621 million, down from ¥119,142 million.

• Net assets stood at ¥78,943 million, with a capital adequacy ratio of 69.5%.

• Cash and cash equivalents at year-end increased to ¥22,923 million.

• Cash flows from operating activities were ¥7,516 million; investing activities ¥1,480 million; financing activities negative ¥5,874 million.

Outlook and guidance

• For the six months ending September 30, 2025, net sales are forecast at ¥27,000 million, up 1.7% year-over-year.

• Operating profit and ordinary profit are both forecast at ¥300 million; profit attributable to owners at ¥200 million.

• Basic earnings per share forecast for the first half is ¥3.16.

• No full-year forecast for FY ending March 31, 2026 due to estimation difficulties.