Harmonic Drive Systems reports strong half-year earnings, raises forecast

Harmonic Drive Systems reported consolidated net sales of 27,838 million yen for the second quarter (interim period) of the fiscal year ending March 2026, exceeding the May 14 forecast of 27,000 million yen. Operating profit reached 465 million yen, significantly higher than the forecast of 300 million yen, marking a 55.2% increase. Ordinary profit also saw substantial growth, hitting 502 million yen against a forecast of 200 million yen, an increase of 151.4%. Net income attributable to owners of the parent company was 317 million yen, slightly above the 300 million yen forecast.

The company's full-year consolidated forecast for March 2026 anticipates net sales of 57,000 million yen and operating profit of 1,500 million yen, reflecting an optimistic outlook compared to the previous fiscal year. Investments in equipment are projected to be 6,100 million yen, a substantial increase from 3,765 million yen in March 2025, indicating strategic expansion. Research and development expenses are also expected to rise to 3,900 million yen.

Regionally, robust order intake was observed in North America, driven by AI robot-related large-scale orders, and strong growth in semiconductor manufacturing equipment orders from China. Japan saw a significant increase in orders for industrial robots. The company also highlighted its participation in "Future Building Robot Week" and "ESMATS2025," showcasing its commitment to advanced robotics and space industry applications.