Harmonic Drive Systems Inc
6324: XTKS (JPN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥2,519.00 | Mzkf | Ypfzlpsfy |
Harmonic Drive's Headwinds Continue, but Long-Term Growth Prospects Remain Strong
Business Strategy and Outlook
Harmonic Drive Systems has been able to capitalize on demand growth with industrial robots and semiconductor production equipment; its compact strain wave reduction gears (also known as speed reducers) serve as critical components of both. The company seeks to refine its product quality toward existing applications as well as find new applications that can serve as new long-term growth drivers. We think small industrial robots and semiconductor equipment will continue to serve as key target markets.