Harmonic Drive Systems Inc.
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Harmonic Drive Systems Inc.'s yearly results (2023–2026), compared with Industrials companies in Japan. Tap ? on any ratio for what it means.
What stands out
- Steadiness Ratio: Sales grew in 1 of the last 3 years; profit grew in 1 of 3. Less steady than 92% of Industrials companies in Japan.
- Tangible Assets Ratio: Of every ¥100 the company owns, ¥89 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles. Less tangible than 91% of Industrials companies in Japan.
- Tangible Net Worth Ratio: Of every ¥100 of net worth, ¥84 is tangible; the rest is goodwill and other intangibles, often from buying other companies. Less tangible than 87% of Industrials companies in Japan.
Where ¥100 of sales goes
Latest year (Mar 2026). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
—Loss-making or profit too small
Over the last 3 years profit was a loss or under 2% of sales, so cash per 100 of profit is not meaningful.
Self-Funding Ratio
1.6×Over the last 3 years its own operating cash covered its investment spending (capex) 1.6 times.
Lower than 57% of Industrials companies in Japan.
Cash Locked Ratio
¥42For every ¥100 of sales, ¥42 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against ¥36 tied up three years earlier.
More money tied up than 83% of Industrials companies in Japan.
Growth quality
Steadiness Ratio
1/3 · 1/3Sales grew in 1 of the last 3 years; profit grew in 1 of 3.
Less steady than 92% of Industrials companies in Japan.
Growth Efficiency Ratio
—Sales fell 17%
Sales fell 17% in 3 years, so extra profit per extra sales cannot be measured.
Asset Productivity Ratio
-17% / -28%In 3 years sales changed by -17% while total assets changed by -28%. Sales grew faster than assets.
Balance-sheet strength
Debt Due Cover Ratio
1.6×Debt due within a year is covered 1.6 times by its yearly operating cash.
Higher than 56% of Industrials companies in Japan.
Cash Cushion Ratio
+1%Cash, after subtracting all debt, equals 1% of its market value (net cash).
Lower than 59% of Industrials companies in Japan.
Tangible Assets Ratio
89%Of every ¥100 the company owns, ¥89 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 91% of Industrials companies in Japan.
Tangible Net Worth Ratio
84%Of every ¥100 of net worth, ¥84 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
Less tangible than 87% of Industrials companies in Japan.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Harmonic Drive Systems Inc. owes ¥0.28 for every ¥1 it owns. Net profit fell 54% in the year to Mar 2026, and shrank 40% a year on average over 3 years.
Compared with Industrials companies in Japan · latest annual results Mar 2026.
P/E ratio
309.8Investors pay ¥309.8 for every ¥1 of Harmonic Drive Systems Inc.'s yearly profit, higher than almost all Industrials companies in Japan.
P/B ratio
6.36The share price is 6.36 times Harmonic Drive Systems Inc.'s book value per share, higher than 98% of Industrials companies in Japan.
Market cap
¥511.2 BThe total market value of all of Harmonic Drive Systems Inc.'s shares at today's price (share price × number of shares), larger than 91% of Industrials companies in Japan. PosiCap size class: Meso Cap.
Net worth (book value)
¥80.4 BWhat Harmonic Drive Systems Inc. would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (31 Mar 2026).
Book value per share
¥849.20Net worth divided by the number of shares. The share price of ¥5,400 is 6.4 times this, which is the P/B above.
Return on equity (ROE)
3.7%Harmonic Drive Systems Inc. earned 3.7% on its shareholders' money over the last year, lower than 84% of Industrials companies in Japan.
Owes vs Owns
0.28×Harmonic Drive Systems Inc. owes ¥0.28 for every ¥1 it owns (low), lower than 76% of Industrials companies in Japan.
Dividend yield
0.37%Harmonic Drive Systems Inc. pays 0.37% of its share price as dividends a year, lower than almost all dividend-paying Industrials companies in Japan.
Revenue growth
+7%Revenue rose 7% in the year to Mar 2026, and shrank 6% a year on average over 3 years.
Profit growth
-54%Net profit fell 54% in the year to Mar 2026, and shrank 40% a year on average over 3 years.
Profit margin
2.7%Harmonic Drive Systems Inc. keeps ¥3 of every ¥100 of revenue as net profit.
Cash quality
4.0×Cash from Harmonic Drive Systems Inc.'s business was 4.0× its reported profit in the year to Mar 2026 — its profit turned into cash.
Interest cover
9.9×Harmonic Drive Systems Inc.'s operating profit covered its interest costs 9.9 times in the year to Mar 2026.
Cash vs debt
Net cashHarmonic Drive Systems Inc. held ¥3.6 B more cash than debt (net cash) at Mar 2026.
Questions
What is Harmonic Drive Systems Inc.'s P/E ratio?
Investors pay ¥309.8 for every ¥1 of Harmonic Drive Systems Inc.'s yearly profit, higher than almost all Industrials companies in Japan.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Harmonic Drive Systems Inc.: ¥511.2 B ÷ ¥80.4 B (31 Mar 2026) = 6.4.
What is Harmonic Drive Systems Inc.'s return on equity?
Harmonic Drive Systems Inc. earned 3.7% on its shareholders' money over the last year, lower than 84% of Industrials companies in Japan.
How much does Harmonic Drive Systems Inc. owe compared with what it owns?
Harmonic Drive Systems Inc. owes ¥0.28 for every ¥1 it owns (low), lower than 76% of Industrials companies in Japan.
Does Harmonic Drive Systems Inc. pay a dividend?
Yes. Harmonic Drive Systems Inc. pays 0.37% of its share price as dividends a year, lower than almost all dividend-paying Industrials companies in Japan.
Is Harmonic Drive Systems Inc.'s revenue growing?
Revenue rose 7% in the year to Mar 2026, and shrank 6% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.