Harmonic Drive Systems Inc
TSE:6324
Income Statement
Earnings Waterfall
Harmonic Drive Systems Inc
Revenue
|
60.1B
JPY
|
Cost of Revenue
|
-41.5B
JPY
|
Gross Profit
|
18.6B
JPY
|
Operating Expenses
|
-15.8B
JPY
|
Operating Income
|
2.8B
JPY
|
Other Expenses
|
-920.5m
JPY
|
Net Income
|
1.9B
JPY
|
Income Statement
Harmonic Drive Systems Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
20 013
N/A
|
21 084
+5%
|
22 270
+6%
|
23 372
+5%
|
24 390
+4%
|
25 951
+6%
|
27 013
+4%
|
27 171
+1%
|
27 339
+1%
|
28 278
+3%
|
28 327
+0%
|
28 910
+2%
|
29 605
+2%
|
30 069
+2%
|
35 316
+17%
|
40 532
+15%
|
47 784
+18%
|
54 340
+14%
|
58 266
+7%
|
63 799
+9%
|
66 992
+5%
|
67 809
+1%
|
63 023
-7%
|
54 913
-13%
|
45 116
-18%
|
37 488
-17%
|
35 154
-6%
|
33 613
-4%
|
34 553
+3%
|
37 034
+7%
|
39 617
+7%
|
45 672
+15%
|
51 944
+14%
|
57 088
+10%
|
60 879
+7%
|
64 198
+5%
|
68 893
+7%
|
71 527
+4%
|
70 844
-1%
|
66 841
-6%
|
60 093
-10%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(11 459)
|
(11 966)
|
(12 527)
|
(12 822)
|
(13 298)
|
(13 829)
|
(14 084)
|
(14 289)
|
(14 406)
|
(14 992)
|
(15 126)
|
(15 520)
|
(15 908)
|
(16 202)
|
(19 065)
|
(21 504)
|
(25 135)
|
(28 636)
|
(30 519)
|
(34 500)
|
(36 158)
|
(37 363)
|
(36 059)
|
(32 710)
|
(29 305)
|
(25 484)
|
(24 565)
|
(23 517)
|
(23 488)
|
(24 451)
|
(25 134)
|
(28 445)
|
(31 502)
|
(34 662)
|
(37 600)
|
(39 806)
|
(43 427)
|
(45 741)
|
(46 171)
|
(44 611)
|
(41 485)
|
|
Gross Profit |
8 553
N/A
|
9 118
+7%
|
9 743
+7%
|
10 550
+8%
|
11 091
+5%
|
12 122
+9%
|
12 928
+7%
|
12 881
0%
|
12 933
+0%
|
13 286
+3%
|
13 201
-1%
|
13 390
+1%
|
13 697
+2%
|
13 867
+1%
|
16 252
+17%
|
19 030
+17%
|
22 651
+19%
|
25 703
+13%
|
27 749
+8%
|
29 300
+6%
|
30 835
+5%
|
30 446
-1%
|
26 964
-11%
|
22 203
-18%
|
15 811
-29%
|
12 003
-24%
|
10 588
-12%
|
10 096
-5%
|
11 064
+10%
|
12 583
+14%
|
14 483
+15%
|
17 227
+19%
|
20 442
+19%
|
22 426
+10%
|
23 279
+4%
|
24 393
+5%
|
25 466
+4%
|
25 786
+1%
|
24 673
-4%
|
22 230
-10%
|
18 608
-16%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(4 223)
|
(4 449)
|
(4 560)
|
(4 654)
|
(4 865)
|
(5 055)
|
(5 239)
|
(5 442)
|
(5 527)
|
(5 668)
|
(5 777)
|
(5 800)
|
(5 834)
|
(6 053)
|
(7 721)
|
(9 432)
|
(11 218)
|
(13 387)
|
(14 121)
|
(14 434)
|
(14 437)
|
(13 822)
|
(13 224)
|
(12 830)
|
(12 339)
|
(12 199)
|
(11 940)
|
(11 690)
|
(11 900)
|
(11 717)
|
(11 984)
|
(12 621)
|
(12 979)
|
(13 686)
|
(14 197)
|
(14 539)
|
(15 174)
|
(15 561)
|
(15 663)
|
(15 774)
|
(15 787)
|
|
Selling, General & Administrative |
(4 223)
|
(3 236)
|
(4 560)
|
(4 655)
|
(4 865)
|
(3 773)
|
(5 240)
|
(5 442)
|
(5 527)
|
(4 299)
|
(5 775)
|
(5 798)
|
(5 832)
|
(4 719)
|
(7 722)
|
(9 433)
|
(11 220)
|
(8 735)
|
(14 122)
|
(14 435)
|
(14 438)
|
(9 535)
|
(13 224)
|
(12 830)
|
(12 339)
|
(7 876)
|
(11 940)
|
(11 690)
|
(11 900)
|
(6 965)
|
(11 984)
|
(12 621)
|
(12 979)
|
(8 360)
|
(14 197)
|
(14 539)
|
(15 174)
|
(9 965)
|
(15 663)
|
(15 774)
|
(15 787)
|
|
Research & Development |
0
|
(1 214)
|
0
|
0
|
0
|
(1 282)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 334)
|
0
|
0
|
0
|
(2 071)
|
0
|
0
|
0
|
(2 422)
|
0
|
0
|
0
|
(2 177)
|
0
|
0
|
0
|
(2 406)
|
0
|
0
|
0
|
(2 914)
|
0
|
0
|
0
|
(3 172)
|
0
|
0
|
0
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2 581)
|
0
|
0
|
0
|
(1 864)
|
0
|
0
|
0
|
(2 146)
|
0
|
0
|
0
|
(2 345)
|
0
|
0
|
0
|
(2 412)
|
0
|
0
|
0
|
(2 425)
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 369)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
|
Operating Income |
4 330
N/A
|
4 668
+8%
|
5 183
+11%
|
5 896
+14%
|
6 227
+6%
|
7 067
+13%
|
7 690
+9%
|
7 440
-3%
|
7 406
0%
|
7 618
+3%
|
7 424
-3%
|
7 590
+2%
|
7 863
+4%
|
7 814
-1%
|
8 529
+9%
|
9 595
+12%
|
11 430
+19%
|
12 317
+8%
|
13 626
+11%
|
14 865
+9%
|
16 397
+10%
|
16 624
+1%
|
13 740
-17%
|
9 373
-32%
|
3 472
-63%
|
(195)
N/A
|
(1 352)
-592%
|
(1 594)
-18%
|
(836)
+48%
|
866
N/A
|
2 500
+189%
|
4 606
+84%
|
7 463
+62%
|
8 740
+17%
|
9 082
+4%
|
9 853
+8%
|
10 292
+4%
|
10 225
-1%
|
9 010
-12%
|
6 457
-28%
|
2 821
-56%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
278
|
208
|
223
|
238
|
361
|
462
|
493
|
187
|
156
|
210
|
(6)
|
386
|
111
|
178
|
146
|
(148)
|
(186)
|
(322)
|
(228)
|
100
|
186
|
304
|
126
|
52
|
200
|
104
|
170
|
122
|
(25)
|
31
|
(55)
|
(41)
|
56
|
111
|
373
|
547
|
388
|
391
|
351
|
192
|
151
|
|
Non-Reccuring Items |
(104)
|
(51)
|
(36)
|
(84)
|
(61)
|
(59)
|
(54)
|
(4)
|
(21)
|
(28)
|
(58)
|
(57)
|
(48)
|
13 915
|
13 945
|
13 945
|
13 952
|
(11)
|
(31)
|
(42)
|
(203)
|
(225)
|
(205)
|
(215)
|
(75)
|
(381)
|
(419)
|
(568)
|
(587)
|
(533)
|
(513)
|
(375)
|
(339)
|
(120)
|
(607)
|
(607)
|
(601)
|
(565)
|
(58)
|
(29)
|
(37)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
2
|
3
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
3
|
4
|
(42)
|
(42)
|
(42)
|
(26)
|
20
|
29
|
29
|
8
|
0
|
0
|
0
|
1
|
0
|
3
|
3
|
2
|
2
|
0
|
0
|
2
|
5
|
7
|
7
|
|
Total Other Income |
(17)
|
(54)
|
17
|
18
|
5
|
(3)
|
28
|
48
|
50
|
3
|
14
|
(18)
|
9
|
(33)
|
(32)
|
(13)
|
25
|
(48)
|
15
|
93
|
95
|
280
|
282
|
321
|
287
|
327
|
371
|
376
|
462
|
654
|
566
|
467
|
563
|
279
|
264
|
88
|
71
|
142
|
211
|
348
|
178
|
|
Pre-Tax Income |
4 487
N/A
|
4 772
+6%
|
5 387
+13%
|
6 068
+13%
|
6 534
+8%
|
7 470
+14%
|
8 159
+9%
|
7 674
-6%
|
7 592
-1%
|
7 804
+3%
|
7 374
-6%
|
7 900
+7%
|
7 935
+0%
|
21 875
+176%
|
22 590
+3%
|
23 381
+4%
|
25 226
+8%
|
11 940
-53%
|
13 340
+12%
|
14 973
+12%
|
16 432
+10%
|
16 957
+3%
|
13 962
-18%
|
9 560
-32%
|
3 914
-59%
|
(137)
N/A
|
(1 229)
-796%
|
(1 665)
-35%
|
(988)
+41%
|
1 019
N/A
|
2 499
+145%
|
4 661
+87%
|
7 747
+66%
|
9 012
+16%
|
9 114
+1%
|
9 882
+8%
|
10 151
+3%
|
10 195
+0%
|
9 518
-7%
|
6 974
-27%
|
3 121
-55%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1 539)
|
(1 760)
|
(2 045)
|
(2 256)
|
(2 396)
|
(2 583)
|
(2 684)
|
(2 568)
|
(2 501)
|
(2 609)
|
(2 464)
|
(2 552)
|
(2 250)
|
(1 977)
|
(2 247)
|
(2 652)
|
(3 619)
|
(3 900)
|
(3 913)
|
(4 305)
|
(4 652)
|
(4 726)
|
(4 234)
|
(2 849)
|
(1 509)
|
(752)
|
126
|
379
|
432
|
(466)
|
(966)
|
(1 822)
|
(2 579)
|
(2 295)
|
(2 305)
|
(2 516)
|
(2 685)
|
(2 599)
|
(2 894)
|
(2 004)
|
(1 221)
|
|
Income from Continuing Operations |
2 946
|
3 012
|
3 341
|
3 811
|
4 138
|
4 886
|
5 475
|
5 106
|
5 091
|
5 195
|
4 910
|
5 348
|
5 684
|
19 898
|
20 342
|
20 728
|
21 607
|
8 040
|
9 428
|
10 669
|
11 781
|
12 231
|
9 729
|
6 711
|
2 405
|
(889)
|
(1 103)
|
(1 286)
|
(556)
|
554
|
1 532
|
2 839
|
5 168
|
6 717
|
6 809
|
7 366
|
7 465
|
7 596
|
6 624
|
4 970
|
1 900
|
|
Income to Minority Interest |
(96)
|
(18)
|
8
|
38
|
44
|
(53)
|
(101)
|
(162)
|
(193)
|
(193)
|
(199)
|
(189)
|
(198)
|
(166)
|
(210)
|
(86)
|
(130)
|
(262)
|
(133)
|
(427)
|
(572)
|
(909)
|
(807)
|
(737)
|
(508)
|
(206)
|
(61)
|
91
|
178
|
109
|
135
|
59
|
(16)
|
(73)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
2 850
N/A
|
2 994
+5%
|
3 348
+12%
|
3 848
+15%
|
4 181
+9%
|
4 834
+16%
|
5 375
+11%
|
4 946
-8%
|
4 900
-1%
|
5 002
+2%
|
4 713
-6%
|
5 161
+10%
|
5 489
+6%
|
19 732
+259%
|
20 134
+2%
|
20 643
+3%
|
21 478
+4%
|
7 778
-64%
|
9 296
+20%
|
10 243
+10%
|
11 210
+9%
|
11 323
+1%
|
8 922
-21%
|
5 974
-33%
|
1 897
-68%
|
(1 095)
N/A
|
(1 164)
-6%
|
(1 195)
-3%
|
(378)
+68%
|
662
N/A
|
1 668
+152%
|
2 898
+74%
|
5 152
+78%
|
6 644
+29%
|
6 726
+1%
|
7 364
+9%
|
7 465
+1%
|
7 596
+2%
|
6 624
-13%
|
4 970
-25%
|
1 900
-62%
|
|
EPS (Diluted) |
30.97
N/A
|
32.54
+5%
|
36.39
+12%
|
41.82
+15%
|
45.44
+9%
|
52.77
+16%
|
58.42
+11%
|
53.76
-8%
|
53.26
-1%
|
54.6
+3%
|
51.22
-6%
|
56.09
+10%
|
59.66
+6%
|
215.42
+261%
|
218.84
+2%
|
224.38
+3%
|
233.45
+4%
|
83.86
-64%
|
96.83
+15%
|
106.69
+10%
|
116.44
+9%
|
117.62
+1%
|
92.67
-21%
|
62.06
-33%
|
19.7
-68%
|
-11.38
N/A
|
-12.09
-6%
|
-12.41
-3%
|
-3.93
+68%
|
6.88
N/A
|
17.32
+152%
|
30.1
+74%
|
53.52
+78%
|
69.02
+29%
|
70.07
+2%
|
77.32
+10%
|
78.53
+2%
|
79.67
+1%
|
69.67
-13%
|
52.28
-25%
|
19.99
-62%
|