Added to YB: 2026-05-19
Pitch date: 2026-05-16
6324.T [bullish]
Harmonic Drive Systems Inc.
-14.61%
current return
Author Info
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Company Info
Harmonic Drive Systems Inc. manufacturing and sales of speed reducers and mechatronics products in Japan, China, North America, and Europe.
Market Cap
JPY 616.3B
Pitch Price
JPY 7.0K
Price Target
N/A
Dividend
N/A
EV/EBITDA
53.34
P/E
211.03
EV/Sales
9.74
Sector
Machinery
Category
growth
Robotics Bottleneck play (~$4B) - Harmonic Drive Systems Inc.
6324.T: Harmonic Drive = bottleneck in humanoid robotics. Each robot needs 10-40 strain-wave actuators at $2k-$5k per unit - highest margin BOM item. Micron-level grinding & flexspline metallurgy = moat, ASML-like chokepoint. Green Harmonic (688017.SH) already supplies Tesla Optimus w/ 60%+ China share at 40-60% HDS price. Mix shift risk: own smaller piece of larger pie as Chinese challengers erode low/mid-end share, but high-precision moat holds. No insider buys last year = red flag.
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