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THK, First Half Net Income Decreases by 48%

Wed Aug 6, 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 August 6th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending December 2025 (January to June) dropped 48.3% from the same period last year to 3.72 billion yen, fell short of the previous forecast of 5.00 billion yen.

Progress toward the full-year plan of 18.0 billion yen was 20.7%, also falling below the five-year average of 58.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the July to December period (second half) is expected to surge 4.4 times that of the same period last year, reaching 14.2 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated net income dropped to 3.40 billion yen, a 35.1% decrease compared to the same period last year. The operating profit margin worsened from 6.6% in the same period last year to 4.9%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 185,593 16,471 17,146 12,042 98.2 67.8 Aug 8, 2023 IFRS
Jan - Jun, 2024 179,851 8,399 10,080 7,213 58.8 53.7 Aug 7, 2024 IFRS
Jan - Jun, 2025 176,246 6,181 6,643 3,727 32.7 27.1 Aug 6, 2025 IFRS
YoY -2.0% -26.4% -34.1% -48.3% -44.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 173,300 7,000 7,600 5,000 44.6 123 May 9, 2025 IFRS
Jan - Jun, 2025 Results 176,246 6,181 6,643 3,727 32.7 123 Aug 6, 2025 IFRS
Revision Rate +1.7% -11.7% -12.6% -25.5% -26.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 172,908 8,950 8,702 3,226 26.3 128.50 Feb 12, 2025 IFRS
Jul - Dec, 2025 Guidance 187,254 17,319 17,857 14,273 127.4 123 Aug 6, 2025 IFRS
YoY +8.3% +93.5% +105.2% +342.4% +384.1%

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 18,000 160.7 246 May 9, 2025 IFRS
YoY +3.0% +35.5% +30.4% +72.4% +88.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 84,946 1,702 1,560 319 2.8 2.0 May 9, 2025 IFRS
Apr - Jun, 2025 91,300 4,479 5,083 3,408 29.9 4.9 Aug 6, 2025 IFRS
YoY -3.6% -28.7% -30.7% -35.1% -30.2%

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