Harmonic Drive Systems Swings to Loss in H1; Cuts FY2025 Forecast on Weaker Yen

MT Newswires Live11-21

Harmonic Drive Systems (TYO:6324) swung to a loss of 850 million yen in the fiscal first half ended Sept. 30, from a profit of 313 million yen a year ago as lower sales were exacerbated by foreign exchange losses.

The company's loss per share was 8.95 yen, reversing earnings per share of 3.29 yen a year ago, according to a delayed filing to the Tokyo Stock Exchange.

Net sales slipped 7.7% to 26.6 billion yen from 28.8 billion yen a year earlier.

In a separate filing, the company said it lowered its sales forecast mainly due to a sluggish recovery in demand for industrial robots and semiconductor manufacturing equipment at the parent company.

It also expects profit to fall short of its projection due to foreign exchange losses amid a weaker yen.

For the fiscal year ending March 31, 2025, the company expects an attributable loss of 400 million yen or 4.21 yen per share and net sales to fall 3.2% to 54 billion yen.

It declared an interim dividend of 10 yen per share, payable from Dec. 5.

The company expects to pay a year-end dividend of 10 yen per share for the current fiscal year.

Price (JPY): $1984.00, Change: $+28, Percent Change: +1.43%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485655024?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-21 18:39","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2485655024","market":"sg","top_or_hot":-1,"title":"Harmonic Drive Systems Swings to Loss in H1; Cuts FY2025 Forecast on Weaker Yen","media":"MT Newswires Live","content":"<html><body><p> Harmonic Drive Systems (TYO:6324) swung to a loss of 850 million yen in the fiscal first half ended Sept. 30, from a profit of 313 million yen a year ago as lower sales were exacerbated by foreign exchange losses.</p><p>The company's loss per share was 8.95 yen, reversing earnings per share of 3.29 yen a year ago, according to a delayed filing to the Tokyo Stock Exchange.</p><p>Net sales slipped 7.7% to 26.6 billion yen from 28.8 billion yen a year earlier.</p><p>In a separate filing, the company said it lowered its sales forecast mainly due to a sluggish recovery in demand for industrial robots and semiconductor manufacturing equipment at the parent company.</p><p>It also expects profit to fall short of its projection due to foreign exchange losses amid a weaker yen.</p><p>For the fiscal year ending March 31, 2025, the company expects an attributable loss of 400 million yen or 4.21 yen per share and net sales to fall 3.2% to 54 billion yen.</p><p>It declared an interim dividend of 10 yen per share, payable from Dec. 5.</p><p>The company expects to pay a year-end dividend of 10 yen per share for the current fiscal year.</p><p>Price (JPY): $1984.00, Change: $+28, Percent Change: +1.43%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Harmonic Drive Systems Swings to Loss in H1; Cuts FY2025 Forecast on Weaker Yen</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHarmonic Drive Systems Swings to Loss in H1; Cuts FY2025 Forecast on Weaker Yen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 18:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Harmonic Drive Systems (TYO:6324) swung to a loss of 850 million yen in the fiscal first half ended Sept. 30, from a profit of 313 million yen a year ago as lower sales were exacerbated by foreign ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4020","symbol_name":"通信设备","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2485655024","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485655024","pubTimestamp":1732185542,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Harmonic Drive Systems  swung to a loss of 850 million yen in the fiscal first half ended Sept. 30, from a profit of 313 million yen a year ago as lower sales were exacerbated by foreign exchange losses.The company's loss per share was 8.95 yen, reversing earnings per share of 3.29 yen a year ago, according to a delayed filing to the Tokyo Stock Exchange.Net sales slipped 7.7% to 26.6 billion yen from 28.8 billion yen a year earlier.In a separate filing, the company said it lowered its sales forecast mainly due to a sluggish recovery in demand for industrial robots and semiconductor manufacturing equipment at the parent company.It also expects profit to fall short of its projection due to foreign exchange losses amid a weaker yen.For the fiscal year ending March 31, 2025, the company expects an attributable loss of 400 million yen or 4.21 yen per share and net sales to fall 3.2% to 54 billion yen.It declared an interim dividend of 10 yen per share, payable from Dec. 5.The company expec","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4020":"通信设备","HLIT":"谐波"},"translate_title":"谐波驱动系统在H1的损失；因日元疲软而下调2025财年预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HLIT":1},"content_text":"Harmonic Drive Systems (TYO:6324) swung to a loss of 850 million yen in the fiscal first half ended Sept. 30, from a profit of 313 million yen a year ago as lower sales were exacerbated by foreign exchange losses.The company's loss per share was 8.95 yen, reversing earnings per share of 3.29 yen a year ago, according to a delayed filing to the Tokyo Stock Exchange.Net sales slipped 7.7% to 26.6 billion yen from 28.8 billion yen a year earlier.In a separate filing, the company said it lowered its sales forecast mainly due to a sluggish recovery in demand for industrial robots and semiconductor manufacturing equipment at the parent company.It also expects profit to fall short of its projection due to foreign exchange losses amid a weaker yen.For the fiscal year ending March 31, 2025, the company expects an attributable loss of 400 million yen or 4.21 yen per share and net sales to fall 3.2% to 54 billion yen.It declared an interim dividend of 10 yen per share, payable from Dec. 5.The company expects to pay a year-end dividend of 10 yen per share for the current fiscal year.Price (JPY): $1984.00, Change: $+28, Percent Change: +1.43%","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485655024"}