ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
Producer Manufacturing

Harmonic Drive Systems, Inc.

Business Summary

Harmonic Drive Systems, Inc. engages in the manufacture and sale of mechatronics products and speed reducers. Its brands include HarmonicDrive, AccuDrive, and HarmonicPlanetary. Its products are used in the application fields of industrial robots, semiconductor manufacturing equipment, and flat panel display manufacturing equipment, oil drilling equipment, optical instruments, printers, machine tools, aviation and space related equipment, and medical equipment. The company was founded on October 27, 1970 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue37,487.75M344.79M
Gross Profit9,876.06M90.83M
Operating income5.41M0.04M
Income before tax125.66M1.15M
Net income-832.50M-7.65M
EBITDA7,473.08M68.73M
Diluted EPS-8.64-0.07
Dividends Per Share200.18
Total Assets127,427.49M1,180.37M
Total liabilities25,129.75M232.77M
Total equity98,033.77M908.09M
Operating cash flow10,950.18M100.71M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 28,278.41M 30,069.05M 54,339.57M 67,809.26M 37,487.75M
Gross Profit 13,321.55M 13,788.78M 23,166.22M 28,636.66M 9,876.06M
Operating income 7,648.31M 7,813.92M 12,598.82M 16,903.76M 5.41M
Income before tax 7,803.95M 21,874.92M 12,221.82M 17,236.54M 125.66M
Net income 5,001.65M 19,732.04M 8,059.74M 11,601.85M -832.50M
EBITDA 9,172.32M 9,588.37M 18,450.97M 23,150.85M 7,473.08M
Diluted EPS 54.60 215.42 85.73 118.96 -8.64
Dividends Per Share 18 20 26 38 20
Total Assets 48,749.90M 96,788.23M 133,190.18M 137,995.69M 127,427.49M
Total liabilities 9,858.80M 39,387.94M 29,865.37M 29,594.72M 25,129.75M
Total equity 37,122.03M 55,054.49M 100,290.09M 104,811.68M 98,033.77M
Operating cash flow 6,499.13M 7,225.70M 9,233.72M 15,121.87M 10,950.18M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 235.48M 277.67M 490.28M 611.47M 344.79M
Gross Profit 110.93M 127.33M 209.02M 258.23M 90.83M
Operating income 63.69M 72.15M 113.67M 152.43M 0.04M
Income before tax 64.98M 202.00M 110.27M 155.43M 1.15M
Net income 41.65M 182.21M 72.72M 104.62M -7.65M
EBITDA 76.38M 88.54M 166.47M 208.76M 68.73M
Diluted EPS 0.45 1.98 0.77 1.07 -0.07
Dividends Per Share 0.14 0.18 0.23 0.34 0.18
Total Assets 433.73M 868.60M 1,252.37M 1,246.74M 1,180.37M
Total liabilities 87.71M 353.47M 280.82M 267.37M 232.77M
Total equity 330.28M 494.07M 943.01M 946.93M 908.09M
Operating cash flow 54.12M 66.72M 83.31M 136.36M 100.71M

Valuation Measures

Mar 2020
PER--
ROA-0.62%
ROE-0.82%
Operating margin0.01%
Profit margin-2.22%

Key executives

  • President & Representative Director: Akira Nagai
  • Director, Executive Officer, GM-Finance & Tax: Kazutoshi Kamijo
  • Chief Technology Officer & Executive Officer: Yoshihide Kiyosawa
  • General Manager-Development & Technology: Yoshihiro Tanioka
  • Director & Executive Officer: Yoshinori Ito

Shareholders

  • KODEN Holdings Co., Ltd. (34.7%)
  • Nabtesco Corp. (19.0%)
  • Toyota Motor Corp. (4.5%)
  • Capital Research & Management Co. (Global Investors) (3.3%)
  • Capital Research & Management Co. (World Investors) (3.2%)
  • ITO NORIMITSU (2.9%)
  • T. Rowe Price Associates, Inc. (Investment Management) (1.2%)
  • Lazard Asset Management LLC (1.2%)
  • ITO MITSUMASA /HARMONIC DRIVE/ (1.1%)
  • Polar Capital LLP (1.0%)

Contact Details

  • Website:http://www.hds.co.jp
  • Address: Ichigo Omori Building., 7/F, 6-25-3 Minami-Oi, Tokyo, 140-0013, Japan
  • Phone: +81.3.5471.7800

Related Companies

  • HD Management GK
  • SAMICK ADM Co., ltd.
  • HD Logistics, Inc.
  • Harmonic Precision, Inc.
  • Harmonic Drive Systems (Shanghai) Co., Ltd.
  • Winbel Co., Ltd.
  • Harmonic Drive AG
  • Harmonic AD, Inc.
  • HD Systems, Inc.

Competitors

    Last Updated on 27 Nov, 2020

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

    Stay ahead with our exclusives on Asia;
    the most dynamic market in the world.

    Stay ahead with our exclusives on Asia

    Get trusted insights from experts within Asia itself.

    Get trusted insights from experts
    within Asia itself.

    Try 1 month for $0.99

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

    This is your last free article this month

    Stay ahead with our exclusives on Asia; the most
    dynamic market in the world
    .

    Get trusted insights from experts
    within Asia itself.

    Try 3 months for $9

    Offer ends October 31st

    Your trial period has expired

    You need a subscription to...

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers and subscribe

    Your full access to Nikkei Asia has expired

    You need a subscription to:

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers
    NAR on print phone, device, and tablet media

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more