THK Co., Ltd.
Notice Regarding Revision of Earnings Guidance
For the fiscal year ending December 2026, consolidated net sales are expected to increase by 34,000 million yen from the previous forecast, operating income by 17,000 million yen, ordinary income by 17,300 million yen, and net income attributable to owners of the parent by 32,100 million yen. On a non-consolidated basis, net sales are expected to increase by 28,000 million yen, operating income by 8,800 million yen, ordinary income by 9,800 million yen, and net income by 15,000 million yen. The foreign exchange assumption is 155 yen per USD and 175 yen per EUR for the period July 1, 2026 to December 31, 2026. The primary driver is expansion of capital investments driven by AI demand and gains on transfer of the transportation equipment business. The prior-year results are for the fiscal year ended December 2025.
Key Figures
- Net sales (consolidated): 310,000 million yen
- Operating income (consolidated): 48,000 million yen
- Net income attributable to owners of the parent: 54,800 million yen
- Earnings per share: 488.97 yen
- Exchange rate assumption: 1 USD = 155.00 yen, 1 EUR = 175.00 yen
AI要約
Overview of earnings guidance revision
THK expects orders in the domestic and international industrial equipment businesses to exceed the prior forecast due to expanded capital investment driven by AI demand, leading to upward revisions in net sales and various profit levels, and an upward revision in net income attributable to owners of the parent. Gains on the transfer of the transportation equipment business significantly contribute as the transfer completes. On a non-consolidated basis, including the impact of gains on the transfer of THK (Dalian) Precision Industry Co., Ltd., net income is also revised upward. The foreign exchange assumption is from July 1, 2026 to December 31, 2026.
Outlook and points of caution
The revision assumes a favorable yen and contribution from transfer gains; if the assumptions continue, there may be further upside. It is also necessary to be aware of non-recurring factors related to business transfers, such as the write-down of transfer gains from the transportation equipment business, which could affect profit items.
THK Corporation
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