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    Industrial - Machinery
Harmonic Drive Systems Inc.

Harmonic Drive Systems Inc.

HSYDF
Harmonic Drive Systems Inc.US flagOther OTC
41.70
USD
+2.68
- -
3.95BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
230.18
283.32
308.73
328.28
585.89
704.42
389.43
384.72
593.04
750.25
587.05
585.85
629.05
284.31
Basic EPS, GAAP
32.68
52.77
54.6
215.42
86.9
120.52
-11.38
6.88
69.02
79.67
-261
36.57
16.99
-264.2
Free Cash Flow per Basic Share
25.52
38.78
23.37
37.14
-2.29
-63.93
-4.51
84.86
52.65
18.69
78.02
22.97
5.09
- -
Dividend per Share
8
12.33
16
18.99
21.72
32.97
28.99
20.01
20.02
22.08
27
20.11
20.02
- -
Book Value per Share
241.42
283.49
322.09
518.52
636.44
700.72
654.51
641.4
690.41
754.71
469.02
485.9
484.44
449.94
Tangible Book Value per Share
331.25
409.44
422.6
161.33
644.14
715.35
690.88
717.37
606.88
667.34
699.71
703.11
715.95
721.58
Basic Weighted Avg Shares
92
92
92
92
93
96
96
96
96
95
95
95
95
95
Sales/Revenue/Turnover
21,084
25,951
28,278
30,069
54,340
67,809
37,488
37,034
57,088
71,527
55,796
55,646
59,558
27,031
Operating Margin (%)
22.14
27.23
26.94
25.99
23.19
24.93
-0.52
2.34
15.31
14.29
0.22
0.01
4.31
-2.77
Depreciation Expense
1,171
1,305
1,524
1,774
5,852
6,247
7,730
7,389
8,255
9,575
10,363
8,023
7,361
- -
Net Income, GAAP
2,994
4,834
5,002
19,732
8,060
11,602
-1,095
662
6,644
7,596
-24,807
3,474
1,609
-25,120
Effective Tax Rate (%)
36.89
34.58
33.43
9.04
31.91
27.42
- -
45.69
25.46
25.49
- -
27.34
29.85
- -
Profit Margin (%)
14.2
18.63
17.69
65.62
14.83
17.11
-2.92
1.79
11.64
10.62
-44.46
6.24
2.7
-92.93
Working Capital
12,850
16,040
17,978
3,802
39,319
28,941
30,861
30,164
31,745
35,708
35,738
39,268
38,775
35,887
LT Debt
237
562
801
572
1,711
1,881
8,995
8,090
18,166
21,603
19,883
15,407
13,137
18,696
Total Equity
30,521
37,681
38,891
57,400
103,325
108,401
106,718
110,060
98,856
103,956
79,402
78,943
80,391
80,917
Return on Invested Capital (%)
9.26
12.82
12.54
12.23
9.29
11.04
- -
0.4
5.37
5.98
- -
- -
1.8
- -
Return on Capital (%)
12.09
18.41
15.87
39.92
12.05
15.57
- -
1.03
8.05
8.27
- -
5.38
2.74
- -
Return on Common Equity (%)
14.27
20.11
18.03
51.25
15.13
18.35
-1.68
1.06
10.36
10.98
-42.58
7.66
3.5
-44.29

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
3,930
- -
3,935
LT Borrowings
15,201
- -
13,961
LT Finance Leases
4,682
- -
4,735
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
95
- -
95
Market Capitalization
400,241
402,536
299,297

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
47,458
- -
47,479
Cash, Cash Equivalents & STI
20,355
- -
19,797
Accounts Receivable, Net
11,754
- -
12,166
Inventories
12,630
- -
13,802
Total Current Liabilities
11,720
- -
11,592
Payables & Accruals
- -
- -
- -
ST Debt
3,930
- -
3,935
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.67%
-5.48%
1.83%
Free Cash Flow
73.79%
12.97%
-77.93%
Net Income, GAAP
33.23%
64.59%
-53.68%
Sales/Revenue/Turnover
13.01%
12.84%
7.03%
Total Cash Common Dividend
5.39%
0.97%
-0.78%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15,009
13,756
13,162
13,870
55,796
2025
- -
- -
- -
- -
55,646
2026
- -
- -
- -
- -
59,558

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.44
- -
- -
- -
-261
2025
- -
- -
- -
- -
36.57
2026
- -
- -
- -
- -
16.99

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
27
2025
- -
- -
- -
- -
20.11
2026
- -
- -
- -
- -
20.02

Company Description

APIChatGPT
CEO
Akira Maruyama
Full Time Employees
1,419
Sector
Industrials
Industry
Industrial - Machinery
Address
Ichigo Omori Building Tokyo TY Japan 140-0013
IPO Date
Jun 9, 2023
Website
hds.co.jp
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Business
Harmonic Drive Systems Inc. manufactures and sells high-precision speed reducers, rotary actuators, linear actuators, AC servo motors and other mechatronics products worldwide. The company offers its flagship HarmonicDrive strain wave gears for space and industrial applications; high-precision planetary speed reducers under the AccuDrive and Harmonic Planetary brands; gear heads for servo motors; sensors, drivers and controllers; and precision servo actuators including the SHA Series AC Servo Actuator and HA-900A Series AC Servo Driver. Products serve industrial robots, semiconductor manufacturing equipment, medical devices, AI robotics, aerospace and factory automation across Japan, the United States, Germany, Asia and other global regions. Founded in 1970 and headquartered in Tokyo, Japan, the company operates subsidiaries including Harmonic Drive LLC in the United States and maintains manufacturing facilities in Japan, the US and Germany. In July 2025, Harmonic Drive Systems entered a strategic joint sales agreement with Servo Dynamics Pte. Ltd., a subsidiary of ISDN Holdings Limited, to expand distribution of strain wave gear reducers, planetary gear units and mechatronics products throughout Asia including China, Singapore, Taiwan, Vietnam and Thailand, targeting over JPY 2 billion in additional sales by fiscal year 2030 with focus on semiconductor equipment, medical devices and AI robotics. The company recently introduced the Flat Hollow AC Servo Motor MMA Series compatible with Mitsubishi AC Servo System MELSERVO J5 and continues to report revenue growth, reaching JPY 56.14 billion over the last twelve months ended September 2025.

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