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Harmonic Drive Systems Inc. (6324.T)

JPY7,540.00 +300.00 (+4.14%)
JP JPX Industrials Industrial - Machinery
Address Ichigo Omori Building 140-0013
Tokyo, JP
CEO Akira Maruyama
Website hds.co.jp
IPO 2000-01-04
ISIN JP3765150002

Explore sections of this company profile

Also trades on Other OTC · HSYDF (USD) Tokyo Stock Exchange · 6324.T (JPY)
Description

Operating globally, Harmonic Drive Systems Inc. specializes in the manufacture and distribution of high-precision control systems and their constituent parts. Their diverse product lineup encompasses various motion control elements such as speed reduction gears, rotational and linear actuators, AC servo motors, and a broad array of other mechatronic devices. A notable offering is the specialized HarmonicDrive, designed for aerospace applications. The company also provides high-accuracy planetary-gear speed reducers marketed under the AccuDrive and Harmonic Planetary brands, alongside BEAM SERVO galvano mirror optical scanners and Harmonicsyn incremental encoders. These advanced components are integral to critical applications in fields such as industrial robotics, semiconductor fabrication equipment, and numerous other technological systems. Harmonic Drive Systems Inc. was established in Tokyo, Japan, in 1970, where its corporate headquarters remain.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY7,540.00 +300.00 (+4.14%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
1.06
Float Shares
57.04M
Free Float %
60.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+6.22% +21.75% +67.40% +88.41% +149.00% +77.86% +78.10% +55.05% +1.34% +141.34% +1,883.10%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
7,540.00
DCF (Unlevered) 639.10 -91.5%
DCF (Levered) 622.96 -91.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 64% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 7 0
Hold 2 0
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
14.39
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
2 / 10
No MOAT
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
2 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Industrial - Machinery: +7.4%
    +7.0% Q1'26: +13.7% (vs Q1'25)
  • EPS growth Industrial - Machinery: +15.6%
    -53.5% Q1'26: -78.0% (vs Q1'25)
  • FCF margin FCF growth · Industrial - Machinery: +38.2%
    +2.8% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Industrial - Machinery: +10.0%
    +4.3% Q1'26: +7.9% (vs Q1'25)
  • ROIC Industrial - Machinery: +6.8%
    +2.4% Q1'26: +6.3% (vs Q1'25)
  • Share dilution Industrial - Machinery: +0.0%
    -0.3% Q1'26: -0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Industrial - Machinery: -0.65×
    1.82× Q1'26: 1.36× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.98) × ERP
WACC = 97% × Ke + 3% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 635.58 Current price: 7,540.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
7 Rev. Ana.
6 EPS Ana.
Mar 2027
11 Rev. Ana.
11 EPS Ana.
Mar 2028
11 Rev. Ana.
11 EPS Ana.
Mar 2029
4 Rev. Ana.
3 EPS Ana.
Mar 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
25.95B
est: 25.96B (0.0%)
28.28B
est: 27.88B (+1.4%)
30.07B
est: 30.26B (-0.6%)
54.34B
est: 55.18B (-1.5%)
67.81B
est: 67.21B (+0.9%)
37.49B
est: 75.34B (-50.2%)
37.03B
est: 37.54B (-1.4%)
57.09B
est: 57.32B (-0.4%)
71.53B
est: 71.43B (+0.1%)
55.80B
est: 53.79B (+3.7%)
55.65B
est: 55.00B (+1.2%)
58.34B
58.03B – 59.46B
+6.1% YoY
69.64B
63.55B – 77.67B
+19.4% YoY
80.95B
70.49B – 91.94B
+16.2% YoY
80.21B
80.08B – 80.34B
-0.9% YoY
82.75B
73.66B – 93.20B
+3.2% YoY
EBITDA
8.37B
est: 3.85B (+117.4%)
9.17B
est: 4.14B (+121.7%)
9.59B
est: 4.49B (+113.6%)
18.45B
est: 8.19B (+125.4%)
23.15B
est: 9.97B (+132.2%)
7.47B
est: 11.18B (-33.1%)
8.26B
est: 5.57B (+48.2%)
16.99B
est: 8.50B (+99.9%)
19.80B
est: 10.60B (+86.8%)
10.49B
est: 12.15B (-13.7%)
8.03B
est: 12.43B (-35.4%)
13.18B
13.11B – 13.43B
+6.1% YoY
15.73B
14.36B – 17.55B
+19.4% YoY
18.29B
15.93B – 20.77B
+16.2% YoY
18.12B
18.09B – 18.15B
-0.9% YoY
18.70B
16.64B – 21.06B
+3.2% YoY
EBIT
7.07B
est: -343.25M (+2,158.8%)
7.65B
est: -368.71M (+2,174.3%)
7.81B
est: -400.13M (+2,052.8%)
12.32B
est: -729.67M (+1,788.0%)
16.62B
est: -888.79M (+1,970.5%)
-257.40M
est: -996.29M (+74.2%)
865.92M
est: -496.47M (+274.4%)
8.74B
est: -757.95M (+1,253.1%)
10.22B
est: -944.55M (+1,182.5%)
124.58M
est: 3.46B (-96.4%)
7.00M
est: 3.54B (-99.8%)
3.75B
3.73B – 3.83B
+6.1% YoY
4.48B
4.09B – 5.00B
+19.4% YoY
5.21B
4.54B – 5.92B
+16.2% YoY
5.16B
5.15B – 5.17B
-0.9% YoY
5.33B
4.74B – 6.00B
+3.2% YoY
Net Income
4.83B
est: 5.09B (-5.1%)
5.00B
est: 5.35B (-6.5%)
19.73B
est: 20.72B (-4.8%)
7.78B
est: 8.61B (-9.7%)
11.32B
est: 10.96B (+3.3%)
-1.10B
est: 1.42B (-177.3%)
662.49M
est: 919.26M (-27.9%)
6.64B
est: 6.13B (+8.4%)
7.60B
est: 6.62B (+14.7%)
-24.81B
est: -25.32B (+2.0%)
3.47B
est: 3.72B (-6.6%)
1.77B
1.34B – 1.86B
-52.3% YoY
5.21B
2.12B – 8.95B
+193.6% YoY
8.11B
3.41B – 13.04B
+55.6% YoY
7.46B
6.62B – 8.33B
-8.0% YoY
9.33B
8.00B – 10.86B
+25.1% YoY
SGA
3.77B
est: 4.71B (-19.9%)
4.27B
est: 5.06B (-15.7%)
4.59B
est: 5.49B (-16.4%)
8.73B
est: 10.02B (-12.8%)
9.54B
est: 12.20B (-21.8%)
7.88B
est: 13.68B (-42.4%)
6.97B
est: 6.81B (+2.2%)
8.36B
est: 10.40B (-19.6%)
9.96B
est: 12.97B (-23.1%)
9.31B
est: 8.72B (+6.8%)
9.44B
est: 8.92B (+5.9%)
9.46B
9.41B – 9.64B
+6.1% YoY
11.29B
10.30B – 12.59B
+19.4% YoY
13.12B
11.42B – 14.90B
+16.2% YoY
13.00B
12.98B – 13.02B
-0.9% YoY
13.41B
11.94B – 15.11B
+3.2% YoY
EPS
52.77
est: 53.64 (-1.6%)
54.60
est: 56.31 (-3.0%)
215.42
est: 218.21 (-1.3%)
83.86
est: 90.64 (-7.5%)
117.62
est: 115.41 (+1.9%)
-11.38
est: 14.91 (-176.3%)
6.88
est: 9.68 (-28.9%)
69.02
est: 64.55 (+6.9%)
79.67
est: 73.04 (+9.1%)
-261.00
est: -266.48 (+2.1%)
36.57
est: 43.52 (-16.0%)
16.68
14.10 – 19.59
-61.7% YoY
58.42
22.31 – 94.24
+250.2% YoY
92.66
35.91 – 137.30
+58.6% YoY
78.95
69.74 – 87.70
-14.8% YoY
98.22
84.20 – 114.34
+24.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B- 3/5 2/5 3/5 4/5 3/5 1/5 2/5
2026-05-11 B- 3/5 2/5 3/5 4/5 3/5 1/5 2/5
2026-05-08 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-05-07 B 3/5 3/5 3/5 4/5 3/5 1/5 2/5
2026-05-01 B- 2/5 3/5 2/5 4/5 2/5 1/5 2/5
2026-04-30 B- 2/5 3/5 2/5 4/5 2/5 1/5 2/5
2026-04-28 B- 2/5 3/5 2/5 4/5 2/5 1/5 2/5
2026-04-27 C+ 2/5 2/5 2/5 4/5 2/5 1/5 2/5
2026-04-24 B- 2/5 3/5 2/5 4/5 2/5 1/5 2/5
2026-04-23 B- 2/5 3/5 2/5 4/5 2/5 1/5 2/5
2026-04-22 B- 2/5 3/5 2/5 4/5 2/5 1/5 2/5
2026-04-21 B- 2/5 3/5 2/5 4/5 2/5 1/5 2/5
2026-04-20 B- 2/5 3/5 2/5 4/5 2/5 1/5 2/5
2026-04-17 B- 3/5 3/5 2/5 5/5 2/5 1/5 2/5
2026-04-16 B- 3/5 3/5 2/5 5/5 2/5 1/5 2/5
2026-04-15 B- 3/5 3/5 2/5 5/5 2/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-3.43B
OE per share TTM
-36.13
Owner's Yield
-0.55%
Maintenance CapEx ratio
106.80%
Maint CapEx / Avg PPE
82.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
5.6K
Shares Outstanding
94.67M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Akira Nagai Chairperson, MD, Chief Operating Officer, Executive Officer & Group Management 254M male
Akira Maruyama President, CEO Sr. Mgng Exec. Off., GM of Corp. Planning Div. & ICT Promotion Office and Director 117M male
Makiko Ono Executive Officer & Head of Sustainability, Corporate Planning, and Investor Relations
Minoru Asano Managing Executive Officer & GM of Supply Chain Division
Naomi Shirasawa Executive Officer In Charge of Marketing and Sales, GM of Domestic Sales & Director male
Osamu Asakura Executive Officer & Head of Administration, HR & Environmental Management Representative
Tetsuo Ikuta Executive Officer & Head of Public Relations
Yoshihide Kiyosawa Executive Fellow Officer, Chief Technology Officer & GM of Quality Assurance Division
Yoshihiro Tanioka Executive Officer, Head of the Company Wide Cost Innovation Project & Director male
Kazutoshi Kamijoh Senior Managing Executive Officer, Chief Financial Officer & Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits