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THK, Net Income Forecast for the Fiscal Year Revised Downward to an Unexpected 4% Decrease

Tue Nov 11, 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 November 11th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2025 (January to September) dropped 42.8% from the same period last year to 5.25 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 44.4%, from the previous forecast of 18.0 billion yen to 10.0 billion yen (compared to 10.4 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 4.2% decrease in profit.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the July to December period (second half) has decreased 56.0%, from the previous forecast of 14.2 billion yen to 6.27 billion yen (compared to 3.22 billion yen in the same period of the previous year), leading to a reduction in the profit growth rate from 4.4 times to 94.5%.

In the most recent three-month period, from July to September (3Q), the consolidated net income decreased to 1.52 billion yen, a 22.8% decrease compared to the same period last year. The operating profit margin worsened from 5.3% in the same period last year to 3.9%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2023 268,119 19,199 20,201 14,074 114.8 79.9 Nov 10, 2023 IFRS
Jan - Sep, 2024 265,130 12,919 13,694 9,190 75.0 72.9 Nov 12, 2024 IFRS
Jan - Sep, 2025 268,227 9,728 9,889 5,254 46.4 61.0 Nov 11, 2025 IFRS
YoY +1.2% -24.7% -27.8% -42.8% -38.1%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 187,254 17,319 17,857 14,273 127.4 123 Aug 6, 2025 IFRS
Jul - Dec, 2025 New 183,754 9,819 9,557 6,273 56.0 123 Nov 11, 2025 IFRS
Revision Rate -1.9% -43.3% -46.5% -56.0% -56.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 363,500 23,500 24,500 18,000 160.7 246 May 9, 2025 IFRS
Dec, 2025 New 360,000 16,000 16,200 10,000 89.3 246 Nov 11, 2025 IFRS
Revision Rate -1.0% -31.9% -33.9% -44.4% -44.4%

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 183,754 9,819 9,557 6,273 56.0 123 Nov 11, 2025 IFRS
YoY +6.3% +9.7% +9.8% +94.5% +112.8%

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 360,000 16,000 16,200 10,000 89.3 246 Nov 11, 2025 IFRS
YoY +2.1% -7.8% -13.7% -4.2% +4.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jul - Sep, 2025 91,981 3,547 3,246 1,527 13.5 3.9 Nov 11, 2025 IFRS
YoY +7.9% -21.5% -10.2% -22.8% -16.4%

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