Harmonic Drive Systems (6324.T) stock price, revenue, and financials

Harmonic Drive Systems market cap is ¥510.2 b, and annual revenue was ¥37.49 b in FY 2020

¥510.2 B

6324.T Mkt cap, 10-Nov-2021

¥37.5 B

Harmonic Drive Systems Revenue FY, 2020
Harmonic Drive Systems Revenue growth (FY, 2019 - FY, 2020), %(45%)
Harmonic Drive Systems Gross profit (FY, 2020)12 B
Harmonic Drive Systems Gross profit margin (FY, 2020), %32%
Harmonic Drive Systems Net income (FY, 2020)-626.3 M
Harmonic Drive Systems EBIT (FY, 2020)67.6 M
Harmonic Drive Systems Cash, 31-Mar-202019.6 B
Harmonic Drive Systems EV500.9 B
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Harmonic Drive Systems Revenue

Harmonic Drive Systems revenue was ¥37.49 b in FY, 2020 which is a 44.7% year over year decrease from the previous period.

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Harmonic Drive Systems Revenue Breakdown

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Harmonic Drive Systems revenue breakdown by business segment: 83.9% from Speed Reducers and 16.1% from Mechatronic Products

Harmonic Drive Systems revenue breakdown by geographic segment: 23.5% from Europe, 55.2% from Japan, 10.1% from North America and 11.1% from Other

Harmonic Drive Systems Income Statement

Annual

JPYFY, 2018FY, 2019FY, 2020

Revenue

54.3b67.8b37.5b

Revenue growth, %

81%25%(45%)

Cost of goods sold

28.6b37.4b25.5b

Gross profit

25.7b30.4b12.0b

Gross profit Margin, %

47%45%32%

General and administrative expense

13.1b13.5b11.9b

Operating expense total

13.1b13.5b11.9b

EBIT

12.6b16.9b67.6m

EBIT margin, %

23%25%0%

Interest expense

42.3m22.8m113.2m

Interest income

17.9m24.5m33.4m

Pre tax profit

12.2b17.2b125.7m

Income tax expense

3.9b5.2b752.0m

Net Income

8.3b12.5b(626.3m)

Quarterly

JPYQ1, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

16.4b17.8b11.7b9.9b8.0b

Cost of goods sold

8.5b9.3b7.2b7.0b5.9b

Gross profit

7.9b8.5b4.5b2.9b2.1b

Gross profit Margin, %

48%48%38%30%26%

General and administrative expense

3.3b3.2b3.0b4.5b1.3b

Operating expense total

3.3b3.2b3.0b4.5b1.3b

EBIT

4.7b5.3b1.5b(120.5m)(629.5m)

EBIT margin, %

28%30%13%(1%)(8%)

Interest expense

2.3m6.8m26.2m21.8m26.6m

Interest income

4.7m6.2m9.8m9.6m7.7m

Pre tax profit

4.8b5.1b1.5b102.4m(1.1b)

Income tax expense

1.2b1.5b333.2m91.9m587.4m

Net Income

3.3b3.5b544.6m55.1m(804.6m)

Harmonic Drive Systems Balance Sheet

Annual

JPYFY, 2018FY, 2019FY, 2020

Cash

29.4b18.8b19.6b

Accounts Receivable

15.8b17.4b7.2b

Inventories

6.5b7.4b5.8b

Current Assets

53.4b44.9b36.0b

PP&E

21.3b40.9b45.5b

Goodwill

13.2b11.9b10.8b

Total Assets

134.0b138.0b127.4b

Accounts Payable

3.2b3.5b1.5b

Short-term debt

458.0m431.2m1.3b

Current Liabilities

13.6b15.9b5.1b

Long-term debt

1.7b1.9b9.0b

Non-Current Liabilities

17.0b13.7b20.0b

Total Debt

2.2b2.3b10.3b

Total Liabilities

30.7b29.6b25.1b

Common Stock

7.1b7.1b7.1b

Additional Paid-in Capital

30.2b30.2b30.2b

Retained Earnings

51.9b60.4b56.7b

Total Equity

103.3b108.4b94.0b

Debt to Equity Ratio

0 x0 x0.1 x

Debt to Assets Ratio

0 x0 x0.1 x

Financial Leverage

1.3 x1.3 x1.4 x

Harmonic Drive Systems Cash Flow

Annual

JPYFY, 2018FY, 2019FY, 2020

Net Income

8.3b12.5b(626.3m)

Depreciation and Amortization

5.9b6.2b7.5b

Accounts Receivable

(4.8b)(1.8b)10.0b

Inventories

(2.6b)(1.1b)1.5b

Accounts Payable

393.2m499.9m(2.0b)

Cash From Operating Activities

9.2b15.1b9.8b

Purchases of PP&E

(9.2b)(21.0b)(11.3b)

Cash From Investing Activities

(8.2b)(22.4b)(11.4b)

Short-term Borrowings

(32.0b)(792.1m)(60.3m)

Long-term Borrowings

(287.5m)(429.5m)(626.4m)

Dividends Paid

(2.1b)(3.4b)(3.0b)

Cash From Financing Activities

17.5b(3.3b)2.4b

Net Change in Cash

18.7b(10.7b)742.1m

Interest Paid

(43.3m)22.2m112.4m

Income Taxes Paid

(3.5b)6.2b5.3b

Half Year

JPYH1, 2019H1, 2020

Net Income

6.4b599.7m

Depreciation and Amortization

2.8b3.6b

Accounts Receivable

(3.8b)8.4b

Inventories

(1.1b)301.5m

Accounts Payable

611.2m(787.2m)

Cash From Operating Activities

3.6b8.8b

Purchases of PP&E

8.4b(9.6b)

Cash From Investing Activities

(8.4b)(9.6b)

Short-term Borrowings

(80.8m)(30.3m)

Long-term Borrowings

(211.7m)(320.2m)

Dividends Paid

(1.3b)(1.8b)

Cash From Financing Activities

(1.1b)3.5b

Net Change in Cash

(6.2b)2.6b

Interest Paid

6.2m45.3m

Income Taxes Paid

3.7b3.0b

Harmonic Drive Systems Ratios

JPYFY, 2018

Revenue/Employee

56.3m

Financial Leverage

1.3 x