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

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

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

JPY | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Revenue | 54.3b | 67.8b | 37.5b |

| 81% | 25% | (45%) |

## Cost of goods sold | 28.6b | 37.4b | 25.5b |

## Gross profit | 25.7b | 30.4b | 12.0b |

| 47% | 45% | 32% |

## General and administrative expense | 13.1b | 13.5b | 11.9b |

## Operating expense total | 13.1b | 13.5b | 11.9b |

## EBIT | 12.6b | 16.9b | 67.6m |

| 23% | 25% | 0% |

## Interest expense | 42.3m | 22.8m | 113.2m |

## Interest income | 17.9m | 24.5m | 33.4m |

## Pre tax profit | 12.2b | 17.2b | 125.7m |

## Income tax expense | 3.9b | 5.2b | 752.0m |

## Net Income | 8.3b | 12.5b | (626.3m) |

JPY | Q1, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|

## Revenue | 16.4b | 17.8b | 11.7b | 9.9b | 8.0b |

## Cost of goods sold | 8.5b | 9.3b | 7.2b | 7.0b | 5.9b |

## Gross profit | 7.9b | 8.5b | 4.5b | 2.9b | 2.1b |

| 48% | 48% | 38% | 30% | 26% |

## General and administrative expense | 3.3b | 3.2b | 3.0b | 4.5b | 1.3b |

## Operating expense total | 3.3b | 3.2b | 3.0b | 4.5b | 1.3b |

## EBIT | 4.7b | 5.3b | 1.5b | (120.5m) | (629.5m) |

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

## Interest expense | 2.3m | 6.8m | 26.2m | 21.8m | 26.6m |

## Interest income | 4.7m | 6.2m | 9.8m | 9.6m | 7.7m |

## Pre tax profit | 4.8b | 5.1b | 1.5b | 102.4m | (1.1b) |

## Income tax expense | 1.2b | 1.5b | 333.2m | 91.9m | 587.4m |

## Net Income | 3.3b | 3.5b | 544.6m | 55.1m | (804.6m) |

JPY | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Cash | 29.4b | 18.8b | 19.6b |

## Accounts Receivable | 15.8b | 17.4b | 7.2b |

## Inventories | 6.5b | 7.4b | 5.8b |

## Current Assets | 53.4b | 44.9b | 36.0b |

## PP&E | 21.3b | 40.9b | 45.5b |

## Goodwill | 13.2b | 11.9b | 10.8b |

## Total Assets | 134.0b | 138.0b | 127.4b |

## Accounts Payable | 3.2b | 3.5b | 1.5b |

## Short-term debt | 458.0m | 431.2m | 1.3b |

## Current Liabilities | 13.6b | 15.9b | 5.1b |

## Long-term debt | 1.7b | 1.9b | 9.0b |

## Non-Current Liabilities | 17.0b | 13.7b | 20.0b |

## Total Debt | 2.2b | 2.3b | 10.3b |

## Total Liabilities | 30.7b | 29.6b | 25.1b |

## Common Stock | 7.1b | 7.1b | 7.1b |

## Additional Paid-in Capital | 30.2b | 30.2b | 30.2b |

## Retained Earnings | 51.9b | 60.4b | 56.7b |

## Total Equity | 103.3b | 108.4b | 94.0b |

## Debt to Equity Ratio | 0 x | 0 x | 0.1 x |

## Debt to Assets Ratio | 0 x | 0 x | 0.1 x |

## Financial Leverage | 1.3 x | 1.3 x | 1.4 x |

JPY | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|

## Cash | 25.3b | 23.5b | 20.3b | 18.8b | 21.4b | 18.1b |

## Accounts Receivable | 17.8b | 19.5b | 20.6b | 12.4b | 8.9b | 7.8b |

## Inventories | 7.0b | 7.4b | 7.7b | 7.2b | 6.9b | 5.9b |

## Current Assets | 50.9b | 51.4b | 49.4b | 39.6b | 38.6b | 34.9b |

## PP&E | 24.5b | 29.3b | 32.4b | 43.8b | 46.6b | 46.3b |

## Goodwill | 12.7b | 13.0b | 12.3b | 11.5b | 11.0b | 11.2b |

## Total Assets | 131.0b | 136.0b | 132.6b | 133.6b | 134.7b | 131.1b |

## Accounts Payable | 3.4b | 3.7b | 2.8b | 2.7b | 2.7b | 1.3b |

## Short-term debt | 443.3m | 817.0m | 793.5m | 604.3m | 724.1m | 1.0b |

## Current Liabilities | 12.7b | 14.9b | 13.2b | 11.1b | 7.3b | 4.8b |

## Long-term debt | 1.7b | 1.7b | 1.6b | 4.5b | 9.2b | 9.2b |

## Non-Current Liabilities | 15.9b | 15.4b | 14.3b | 16.4b | 21.2b | 21.5b |

## Total Debt | 2.2b | 2.5b | 2.4b | 5.1b | 10.0b | 10.2b |

## Total Liabilities | 28.6b | 30.3b | 27.5b | 27.6b | 28.5b | 26.2b |

## Common Stock | 7.1b | 7.1b | 7.1b | 7.1b | 7.1b | 7.1b |

## Additional Paid-in Capital | 30.2b | 30.2b | 30.2b | 30.2b | 30.2b | 30.2b |

## Retained Earnings | 53.6b | 56.5b | 57.9b | 58.9b | 58.8b | 57.0b |

## Total Equity | 102.4b | 105.7b | 105.1b | 106.1b | 106.2b | 104.9b |

## Debt to Equity Ratio | 0 x | 0 x | 0 x | 0 x | 0.1 x | 0.1 x |

## Debt to Assets Ratio | 0 x | 0 x | 0 x | 0 x | 0.1 x | 0.1 x |

## Financial Leverage | 1.3 x | 1.3 x | 1.3 x | 1.3 x | 1.3 x | 1.3 x |

JPY | FY, 2018 | FY, 2019 | FY, 2020 |
---|---|---|---|

## Net Income | 8.3b | 12.5b | (626.3m) |

## Depreciation and Amortization | 5.9b | 6.2b | 7.5b |

## Accounts Receivable | (4.8b) | (1.8b) | 10.0b |

## Inventories | (2.6b) | (1.1b) | 1.5b |

## Accounts Payable | 393.2m | 499.9m | (2.0b) |

## Cash From Operating Activities | 9.2b | 15.1b | 9.8b |

## 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) | 22.2m | 112.4m |

## Income Taxes Paid | (3.5b) | 6.2b | 5.3b |

JPY | H1, 2019 | H1, 2020 |
---|---|---|

## Net Income | 6.4b | 599.7m |

## Depreciation and Amortization | 2.8b | 3.6b |

## Accounts Receivable | (3.8b) | 8.4b |

## Inventories | (1.1b) | 301.5m |

## Accounts Payable | 611.2m | (787.2m) |

## Cash From Operating Activities | 3.6b | 8.8b |

## 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 | 6.2m | 45.3m |

## Income Taxes Paid | 3.7b | 3.0b |

JPY | FY, 2018 |
---|---|

## Revenue/Employee | 56.3m |

## Financial Leverage | 1.3 x |

Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | Q1, 2020 | Q2, 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Bookings | ¥6.45 b | ¥5.96 b | ¥7.8 b | ¥13.85 b | ¥17.99 b | ¥14.58 b | ¥16.89 b | ¥18.11 b | ¥9.55 b | ¥6.18 b | ¥4.1 b | ¥2.79 b | ¥2.84 b | ¥3.09 b |

## Bookings (Excavation System) | ¥7 m | ¥16 m | ¥74 m | ¥157 m | ¥62 m | ¥96 m | ¥310 m | ¥494 m | ¥166 m | ¥203 m | ¥46 m | ¥45 m | ¥76 m | ¥59 m |

## Bookings (FPD Equipment) | ¥469 m | ¥510 m | ¥768 m | ¥1.03 b | ¥1.18 b | ¥1.24 b | ¥1.11 b | ¥899 m | ¥335 m | ¥161 m | ¥124 m | ¥70 m | ¥77 m | ¥85 m |

## Bookings (Gearbox) | ¥304 m | ¥342 m | ¥471 m | ¥623 m | ¥423 m | ¥613 m | ¥650 m | ¥1.09 b | ¥553 m | ¥443 m | ¥409 m | ¥227 m | ¥187 m | ¥195 m |

## Bookings (Machine Tools) | ¥433 m | ¥377 m | ¥449 m | ¥564 m | ¥773 m | ¥957 m | ¥878 m | ¥829 m | ¥641 m | ¥385 m | ¥259 m | ¥232 m | ¥191 m | ¥206 m |

## Bookings (Others) | ¥1.45 b | ¥1.47 b | ¥1.58 b | ¥1.68 b | ¥2.17 b | ¥2.06 b | ¥2.29 b | ¥2.26 b | ¥2.18 b | ¥1.73 b | ¥1.39 b | ¥1.25 b | ¥1.25 b | ¥1.05 b |

## Bookings (Robotics) | ¥3.14 b | ¥2.52 b | ¥3.56 b | ¥8.65 b | ¥11.75 b | ¥7.95 b | ¥9.08 b | ¥10.64 b | ¥4.55 b | ¥2.64 b | ¥1.37 b | ¥598 m | ¥869 m | ¥1.17 b |

## Bookings (Semiconductor Equipment) | ¥678 m | ¥729 m | ¥895 m | ¥1.15 b | ¥1.63 b | ¥1.67 b | ¥2.57 b | ¥1.9 b | ¥1.13 b | ¥624 m | ¥502 m | ¥372 m | ¥192 m | ¥325 m |