Japan · Delayed Price · Currency is JPY THK Co., Ltd. Earnings Call Transcripts
Fiscal Year 2025
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Revenue from continuing operations rose 7.9% year-over-year, but operating income fell 9.3% due to cost pressures and restructuring. The transfer of the automotive business led to a large one-time loss, while fiscal 2026 guidance targets JPY 260 billion revenue amid recovering orders.
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Revenue fell 2% and operating income dropped 26.4% year-over-year, mainly due to cost hikes, tariffs, and a stronger yen. Industrial machinery demand is recovering, while automotive remains weak. ROE-focused reforms and capital policy continue.
Fiscal Year 2024
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FY 2024 saw slight revenue growth but a sharp drop in operating income, with regional sales mixed and ongoing structural reforms targeting ROE over 10%. FY 2025 guidance projects higher revenue and profit, supported by cost reductions, capital investments, and business reorganization.
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Sales and operating income declined year-on-year, but H1 performance exceeded initial plans. Industrial machinery demand is gradually recovering, while automotive and transportation profitability improved through cost reductions and new product growth.