THK (6481) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was ¥84,946 million, down 0.2% year-over-year amid global economic uncertainty and flat demand in key segments.

• Operating income declined 19.7% to ¥1,702 million, with margin dropping to 2.0%.

• Profit attributable to owners of the parent fell sharply by 83.7% to ¥319 million.

• Comprehensive loss of ¥10,676 million, reversing a gain of ¥18,997 million in the prior year.

Financial highlights

• Gross profit was ¥18,492 million, up slightly from ¥18,173 million year-over-year.

• Cost to revenue ratio improved by 0.5% to 78.2%.

• SGA expenses rose 1.1% to ¥16,783 million, with the SGA-to-revenue ratio up 0.3% to 19.8%.

• Basic EPS dropped to ¥2.75 from ¥15.99 year-over-year.

Outlook and guidance

• Full-year 2025 revenue forecast at ¥363,500 million, up 3.0% year-over-year.

• Operating income projected at ¥23,500 million, up 35.5%; profit attributable to owners at ¥18,000 million, up 72.4%.

• Dividend projection revised to ¥246.00 per share for 2025.