THK (6481) Q3 2026 earnings summary

Executive summary

• Nine-month revenue from continuing operations was ¥235,939 million, up 34.5% YoY; operating income rose to ¥37,741 million as stronger industrial machinery sales and structural reforms lifted profitability.

• Profit was ¥47,028 million, including ¥15,750 million from discontinued operations; profit attributable to owners was ¥46,935 million.

Financial highlights

• Revenue was ¥235,939 million; gross profit ¥81,651 million; operating income ¥37,741 million; profit before tax ¥37,775 million, all from continuing operations.

• Continuing-operations profit was ¥31,277 million; total profit was ¥47,028 million versus ¥5,610 million YoY, including discontinued operations.

• 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 income margin reached 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.

• Projected FY2026 dividends total ¥195 per share; dividend policy targets an 8% dividend-on-equity ratio, with no change to the dividend projection.