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6324.TTokyo

Harmonic Drive Systems Inc.

Harmonic Drive Systems provides motors, reducers, servo drives, and precision motion parts that turn software commands into physical movement. In this map, the specific robotics exposure is global benchmark strain-wave/harmonic gears for industrial and space use.

Last updated
Jul 07, 2026
Company website
Country / Region
Japan / Asia-Pacific
Sector
Industrials
Industry
Specialty Industrial Machinery
Investor relations
N/A - IR URL was not exposed in the captured Yahoo profile; use source links below.

Business Description

Harmonic Drive Systems Inc. produces and sells precision control equipment and components worldwide. It offers mechatronics products, including rotary and linear actuators, speed reducers, motors, sensors, drivers, controllers, and other system elements. The company also provides HarmonicDrive, a precision speed reducer; high-precision planetary speed reducers under the AccuDrive and HarmonicPlanetary brands; and high-performance gear heads for servo motors series. Its products are used in industrial robots, semiconductor manufacturing equipment, and other systems. Harmonic Drive Systems Inc. was founded in 1970 and is headquartered in Tokyo, Japan.

Robotics Supply-Chain Role

Categories
joints
Exposure class
Critical Component
Component exposure
Global benchmark strain-wave/harmonic gears for industrial and space use
Canonical quote
6324.T (6324.T)
Bottleneck relevance

Strain-wave (harmonic) and cycloidal reducers dictate structural capacity and precision. This requires high-barrier engineering dominated by select Japanese and agile Chinese clusters.

Investment Thesis

  • Harmonic Drive Systems is mapped to Actuation & Motion Stack because its robotics-relevant role is: Global benchmark strain-wave/harmonic gears for industrial and space use.
  • Exposure class is Critical Component, which helps investors separate direct platform bets from component and enabling-infrastructure leverage.
  • The mapped bottleneck is investable because Strain-wave (harmonic) and cycloidal reducers dictate structural capacity and precision. This requires high-barrier engineering dominated by select Japanese and agile Chinese clusters.

Key Risks

  • Harmonic Drive Systems has more visible robotics exposure, but that can also increase sensitivity to adoption timing, capex cycles, and product execution.
  • Precision reducers and servo components can face pricing pressure as Chinese and Japanese suppliers add capacity.
  • Humanoid unit volumes may take longer to scale than actuator suppliers and investors expect.

Fundamentals & Market Metrics

Latest price
JPY 7.94K
Latest market close
As of Jul 07, 2026
Source: Yahoo Finance
Market cap
JPY 751.65B
Latest market snapshot
As of Jul 07, 2026
Source: Yahoo Finance
Enterprise value
JPY 837.97B
Latest available
As of Jul 07, 2026
Source: Yahoo Finance
Revenue / TTM revenue
JPY 59.56B
TTM or latest reported period from Yahoo Finance
As of Jul 07, 2026
Source: Yahoo Finance
Gross margin
30.45%
TTM or latest reported period from Yahoo Finance
As of Jul 07, 2026
Source: Yahoo Finance
Operating margin
7.92%
TTM or latest reported period from Yahoo Finance
As of Jul 07, 2026
Source: Yahoo Finance
EBITDA
JPY 9.93B
TTM or latest reported period from Yahoo Finance
As of Jul 07, 2026
Source: Yahoo Finance
Free cash flow
JPY 486.5M
TTM or latest reported period from Yahoo Finance
As of Jul 07, 2026
Source: Yahoo Finance
Net cash / (net debt)
JPY 3.62B
Derived from Yahoo Finance balance-sheet fields
As of Jul 07, 2026
Formula: Total cash - total debt
Source: Yahoo Finance
EPS / TTM EPS
16.89
TTM
As of Jul 07, 2026
Source: Yahoo Finance
P/E
470.1x
TTM
As of Jul 07, 2026
Source: Yahoo Finance
Dividend yield
0.22%
Forward/indicated yield where Yahoo Finance provides it
As of Jul 07, 2026
Source: Yahoo Finance
52-week high
JPY 9.15K
Trailing 52 weeks
As of Jul 07, 2026
Source: Yahoo Finance
52-week low
JPY 2.32K
Trailing 52 weeks
As of Jul 07, 2026
Source: Yahoo Finance
Operating cash flow
JPY 6.42B
TTM or latest reported period from Yahoo Finance
As of Jul 07, 2026
Source: Yahoo Finance
Total cash
JPY 21.68B
Most recent balance-sheet field from Yahoo Finance
As of Jul 07, 2026
Source: Yahoo Finance
Total debt
JPY 18.06B
Most recent balance-sheet field from Yahoo Finance
As of Jul 07, 2026
Source: Yahoo Finance

Valuation Metrics

EV/Sales
14.07x
Derived from latest available Yahoo Finance fields
As of Jul 07, 2026
Formula: EV/Sales = enterprise_value / revenue
Source: Derived from Yahoo Finance
EV/EBITDA
84.4x
Derived from latest available Yahoo Finance fields
As of Jul 07, 2026
Formula: EV/EBITDA = enterprise_value / EBITDA
Source: Derived from Yahoo Finance
P/FCF
1,545.02x
Derived from latest available Yahoo Finance fields
As of Jul 07, 2026
Formula: P/FCF = market_cap / free_cash_flow
Source: Derived from Yahoo Finance

Key Products / Platforms

Global benchmark strain-wave/harmonic gears for industrialspace use

Source Links

6324.T quote and profile
Yahoo Finance - accessed Jul 07, 2026
Harmonic Drive Systems company website
Harmonic Drive Systems - accessed Jul 07, 2026

Data Quality Notes

  • Financial fields are sourced from the captured Yahoo Finance snapshot unless a formula is shown.
  • Derived valuation metrics use source fields in the same currency as reported by Yahoo Finance.
Research Disclaimer

Informational research tool only. This is not financial advice, investment research under any regulated framework, or a recommendation to buy or sell securities. Verify all metrics against primary filings and market data providers before making decisions.