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Harmonic Drive Systems Inc.

Harmonic Drive Systems Inc.

HSYDF
Harmonic Drive Systems Inc.US flagOther OTC
41.70
USD
+2.68
- -
3.95BMarket Cap
Harmonic Drive Systems Inc.
HSYDF
(Other OTC)

Recent

price

41.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
240.19
220.08
197.94
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
Revenue per Share
32.23
23.36
21.41
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
Basic EPS, GAAP
40.85
5.79
38.54
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
- -
Free Cash Flow per Basic Share
6.11
8.78
7.33
8
12.33
16
18.99
21.72
32.97
28.99
20.01
20.02
22.08
27
20.11
20.02
- -
Dividend per Share
188.08
202.67
216.74
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
Book Value per Share
248.73
255.04
282.04
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
Tangible Book Value per Share
92
92
92
92
92
92
92
93
96
96
96
96
95
95
95
95
95
Basic Weighted Avg Shares
22,001
20,159
18,131
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
Sales/Revenue/Turnover
26.58
21.5
18.95
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
Operating Margin (%)
740
1,014
1,120
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
- -
Depreciation Expense
2,952
2,140
1,961
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
Net Income, GAAP
38.81
40.8
36.3
36.89
34.58
33.43
9.04
31.91
27.42
- -
45.69
25.46
25.49
- -
27.34
29.85
- -
Effective Tax Rate (%)
13.42
10.61
10.82
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
Profit Margin (%)
9,068
12,684
13,255
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
Working Capital
1,836
5,111
3,291
237
562
801
572
1,711
1,881
8,995
8,090
18,166
21,603
19,883
15,407
13,137
18,696
LT Debt
22,958
23,534
25,987
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
Total Equity
14.25
8.8
7.03
9.26
12.82
12.54
12.23
9.29
11.04
- -
0.4
5.37
5.98
- -
- -
1.8
- -
Return on Invested Capital (%)
13.59
8.53
7.26
12.09
18.41
15.87
39.92
12.05
15.57
- -
1.03
8.05
8.27
- -
5.38
2.74
- -
Return on Capital (%)
18.41
11.96
10.21
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
Return on Common Equity (%)

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
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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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