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THK (6481) investor relations material
THK Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Nine-month continuing-operations revenue was ¥235,939 million, up 34.5% YoY; operating income reached ¥37,741 million as industrial machinery sales and structural reforms lifted profitability.
Total profit was ¥47,028 million, including ¥15,750 million from discontinued operations; profit attributable to owners was ¥46,935 million.
Financial highlights
Nine-month continuing-operations revenue was ¥235,939 million, gross profit ¥81,651 million, operating income ¥37,741 million and profit before tax ¥37,775 million.
Continuing-operations profit was ¥31,277 million; total profit was ¥47,028 million versus ¥5,610 million YoY.
SG&A rose 7.9% to ¥43,934 million, while its revenue ratio fell 4.6 percentage points to 18.6%; cost-to-revenue ratio declined 5.0 points to 65.4%.
Operating margin was 16.0%, up 10.4 percentage points YoY; reported parent-attributable EPS was ¥418.87, including discontinued operations.
Outlook and guidance
FY2026 forecast: revenue ¥320,000 million, operating income ¥52,000 million, profit before tax ¥51,800 million, parent-attributable profit ¥58,800 million and EPS ¥524.66; revenue and operating income exclude the transferred business.
FY2026 operating margin is 16.3%; management targets early realization of ROE above 10%.
Projected FY2026 dividends total ¥195 per share; the dividend-on-equity policy targets 8%, with no change to the dividend projection.
- Profit and revenue soared on machinery demand and business transfer, with guidance raised.6481
Q2 2026 - Strong revenue and profit growth, margin gains, and global focus after automotive business transfer.6481
Q1 2026 - Major loss from business transfer drives net loss, but strong FY2026 recovery forecast.6481
Q4 2025 - Revenue up, but profits down sharply on higher costs and equity-method losses.6481
Q3 2025 - Revenue and profit declined, but China and Asia showed growth as equity fell on buybacks.6481
Q2 2025 - Profit and revenue fell year-over-year, with margin pressure and cautious full-year outlook.6481
Q3 2024 - Revenue and profit fell year-over-year, but recovery and new product initiatives support outlook.6481
Q2 2024 - Profit plunged despite stable revenue, but full-year outlook and dividend were raised.6481
Q1 2025 - Revenue was stable but profit fell; FY2025 outlook expects strong profit recovery.6481
Q4 2024
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