Harmonic Drive Systems ( (JP:6324) ) has shared an update.
Harmonic Drive Systems Inc. announced an expected impairment loss of ¥1,189 million for the fiscal year ended March 31, 2025, due to signs of impairment in non-current assets held by its subsidiary, Harmonic Precision Inc. Despite this, the company revised its financial forecast upwards, anticipating higher net sales in Japan and Europe, which are expected to result in increased operating and ordinary profits, although profit attributable to owners of the parent is slightly revised downward.
More about Harmonic Drive Systems
Harmonic Drive Systems Inc. operates in the manufacturing industry, focusing on producing precision gears and motion control systems. The company serves various markets, including robotics and industrial automation, with a strong presence in Japan and Europe.
YTD Price Performance: -6.50%
Average Trading Volume: 446
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.89B
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