In today’s briefing:
- Harmonic Drive Systems (6324 JP): Q3 FY03/25 flash update
- Live Call Starts Now + Weekly Update (MRP, WDC, HON, LGFA)
- Kyodo Printing (7914 JP): Q3 FY03/25 flash update
Harmonic Drive Systems (6324 JP): Q3 FY03/25 flash update
- Cumulative Q3 sales declined 3.7% YoY to JPY40.4bn, with operating loss of JPY337mn and net loss of JPY354mn.
- Q3 parent orders increased 40.1% YoY to JPY8.3bn, marking the fifth consecutive quarterly YoY increase.
- Orders for industrial robots recovered to 74.1% YoY, reaching JPY3.5bn in Q3, showing improvement from previous quarters.
Live Call Starts Now + Weekly Update (MRP, WDC, HON, LGFA)
- Honeywell International (HON) announced its plan to spin off its Advanced Materials business on October 8, 2024.
- Subsequently, on February 6, 2025, the company revealed its intention to separate into three independent entities by also spinning off its Aerospace and Automation divisions.
- Automation (49% of revenue): This segment will concentrate on developing advanced automation technologies.
Kyodo Printing (7914 JP): Q3 FY03/25 flash update
- Revenue increased by 4.4% YoY to JPY75.1bn; net income rose 86.3% YoY due to investment gains.
- Publishing printing revenue declined YoY; operating loss narrowed by JPY138mn YoY, but price pass-through was slower than expected.
- Revenue from business forms rose 8.8% YoY; operating profit exceeded expectations due to cost reductions despite weak BPO performance.
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