Harmonic Drive Systems Company Profile: Business, Financials and Stock
Updated: 7 days ago
Harmonic Drive Systems is a Japanese precision machinery company whose strain wave gears sit in the joints of many industrial and collaborative robots. Net sales were JPY 59.6 billion in the fiscal year that ended in March 2026, and its market value roughly doubled over the following months. This profile sets out its business, results and share data.
Harmonic Drive Systems at a Glance
Fact | Detail |
Company | Harmonic Drive Systems Inc. |
Country | Japan |
Net sales | JPY 59.6 billion in the fiscal year ended March 2026 |
Operating income | JPY 2.6 billion |
Main product | Strain wave gearing, sold under the Harmonic Drive name |
Product mix | Reduction gears 77.8% of sales; mechatronics 22.2% |
Stock listing | Tokyo Stock Exchange: 6324 |
Market capitalization | About USD 3.7 billion in October 2026 |
What the Company Makes
A strain wave gear is a compact reduction gear with very little backlash, which means it positions precisely and suits the confined space of a robot joint. Harmonic Drive Systems specializes in this one technology and supplies it for several uses.
Application | Note |
Industrial robot joints | The largest use |
Semiconductor equipment | Wafer handling and similar precise motion |
Medical devices | Surgical and imaging equipment |
Machine tools | Precise positioning axes |
Satellites | Space mechanisms |
Automotive | Selected applications |
Alongside the gears themselves the company sells mechatronics products, meaning actuators and control devices that combine a gear with a motor and sensor.
Financial Performance
Item | Fiscal year ended March 2026 |
Net sales | JPY 59.6 billion, up 7.0% |
Operating income | JPY 2.6 billion |
Net income | JPY 1.6 billion, down 53.7% |
The fall in net income was not operational: gains on investment securities dropped from JPY 5.9 billion in the previous year to under JPY 0.1 billion.
Sales by region
Region | Sales |
Europe | JPY 16.8 billion |
North America | JPY 12.1 billion |
China | JPY 4.0 billion, down 28.0% |
The remainder comes mainly from Japan. The sharp decline in China stands out against growth elsewhere.
Stock Information
Item | Detail |
Listing | Tokyo Stock Exchange: 6324 |
Market capitalization | About USD 3.7 billion in October 2026 |
Share price | Equivalent to about USD 39.3 |
One-year change | Up about 103% |
The valuation is high relative to current profit, which suggests that investors are pricing in future demand, for example from humanoid robots, each of which needs many precision gears.
Note: share prices are indicative figures as of early October 2026 and change daily. This section is general information, not investment advice.
Strengths and Challenges
Strengths
The reference brand in strain wave gearing.
Customers spread across robots, semiconductors, medical and space.
Strong investor interest linked to robotics growth.
Challenges
Thin operating profit relative to sales.
A steep fall in sales in China, where local gear makers compete.
A share price that already anticipates considerable growth.
Current Catalogue Coverage
Catalogue checked on 15 October 2026: 6 associated product records. The links below are representative entries, rather than a claim that every historical model is currently available.
Harmonic Drive Systems FAQ
Is Harmonic Drive Systems publicly traded?
Yes, on the Tokyo Stock Exchange under the code 6324.
What does Harmonic Drive Systems make?
Strain wave reduction gears and mechatronics products such as actuators.
Where are Harmonic Drive gears used?
In industrial robot joints, semiconductor equipment, medical devices, machine tools, satellites and vehicles.
How big is Harmonic Drive Systems?
Net sales were JPY 59.6 billion in the fiscal year that ended in March 2026.
Why did its net income fall?
Mainly because gains on investment securities were far lower than in the previous year.
Sources
Envalith: Harmonic Drive Systems overview
CompaniesMarketCap: Harmonic Drive Systems
