THK, 72% Increase in Net Income for The Current Fiscal Year

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Wed Feb 12, 2025 3:30 pm JST Earnings

6481 THK CO.,LTD. 【IFRS】

Earnings Report

THK CO.,LTD. <6481> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 12th (15:30). The consolidated net income for the fiscal year ending December 2024 dropped 43.3% from the previous period to 10.4 billion yen. In the fiscal year ending December 2025, the profit is expected to recover in a V-shape, increasing by 72.4% to 18 billion yen.

At the same time, the company decided to implement a year-end dividend of 128.5 yen for the previous term, which had been previously undecided (making the annual dividend 146.5 yen), and has left the annual dividend for the current term undetermined.

In the most recent three-month period, from October to December (4Q), the consolidated net income significantly dropped to 1.24 billion yen, a 71.1% decrease compared to the same period last year. The operating profit margin worsened from 5.4% in the same period last year to 5.1%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	393,687	34,460	35,596	21,198	172.7	87	Feb 13, 2023	IFRS
Dec, 2023	351,939	23,707	25,289	18,398	150.1	46	Feb 14, 2024	IFRS
Dec, 2024	352,759	17,349	18,782	10,439	85.2	146.50	Feb 12, 2025	IFRS
YoY	+0.2%	-26.8%	-25.7%	-43.3%	-43.3%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	350,000	17,000	18,400	12,100	98.7	－	Nov 12, 2024	IFRS
Dec, 2024 Results	352,759	17,349	18,782	10,439	85.2	146.50	Feb 12, 2025	IFRS
Revision Rate	+0.8%	+2.1%	+2.1%	-13.7%	-13.7%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	179,851	8,399	10,080	7,213	58.8	18	Aug 7, 2024	IFRS
Jan - Jun, 2025 Guidance	173,300	7,000	7,600	5,000	44.6	－	Feb 12, 2025	IFRS
YoY	-3.6%	-16.7%	-24.6%	-30.7%	-24.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	351,939	23,707	25,289	18,398	150.1	46	Feb 14, 2024	IFRS
Dec, 2024	352,759	17,349	18,782	10,439	85.2	146.50	Feb 12, 2025	IFRS
Dec, 2025 Guidance	363,500	23,500	24,500	18,000	160.6	－	Feb 12, 2025	IFRS
YoY	+3.0%	+35.5%	+30.4%	+72.4%	+88.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	83,820	4,508	5,088	4,324	35.3	5.4	Feb 14, 2024	IFRS
Jan - Mar, 2024	85,127	2,121	2,748	1,960	16.0	2.5	May 10, 2024	IFRS
Apr - Jun, 2024	94,724	6,278	7,332	5,253	42.8	6.6	Aug 7, 2024	IFRS
Jul - Sep, 2024	85,279	4,520	3,614	1,977	16.1	5.3	Nov 12, 2024	IFRS
Oct - Dec, 2024	87,629	4,430	5,088	1,249	10.2	5.1	Feb 12, 2025	IFRS
YoY	+4.5%	-1.7%	0.0%	-71.1%	-71.1%