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THK (6481) investor relations material
THK Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 rose 27.4% year-over-year to ¥69,043 million, driven by recovery in electronics-related demand in the industrial machinery business.
Operating income surged 364.4% year-over-year to ¥7,620 million, with margin improving to 11.0%.
Profit attributable to owners of the parent increased to ¥4,491 million from ¥319 million a year earlier.
The automotive & transportation business was classified as a discontinued operation following a transfer agreement.
Financial highlights
Gross profit for Q1 2026 was ¥22,882 million, up from ¥15,653 million year-over-year.
Cost to revenue ratio improved by 4.2 percentage points to 66.9%.
Basic earnings per share rose to ¥40.09 from ¥2.75 year-over-year.
Total comprehensive income reached ¥7,300 million, reversing a loss of ¥10,676 million in Q1 2025.
Outlook and guidance
Full-year 2026 revenue forecast is ¥276,000 million, up 14.8% year-over-year.
Operating income projected at ¥31,000 million, up 114.7% year-over-year.
Profit attributable to owners of the parent forecasted at ¥22,700 million, with EPS of ¥202.64.
Dividend for 2026 projected at ¥184.00 per share, based on an 8% DOE policy.
- Major loss from business transfer drives net loss, but strong FY2026 recovery forecast.6481
Q4 202518 Mar 2026 - Revenue and profit declined, but China and Asia showed growth as equity fell on buybacks.6481
Q2 202518 Mar 2026 - Revenue was stable but profit fell; FY2025 outlook expects strong profit recovery.6481
Q4 202418 Mar 2026 - Revenue and profit fell year-over-year, but recovery and new product initiatives support outlook.6481
Q2 202418 Mar 2026 - Profit plunged despite stable revenue, but full-year outlook and dividend were raised.6481
Q1 202518 Mar 2026 - Profit and revenue fell year-over-year, with margin pressure and cautious full-year outlook.6481
Q3 202418 Mar 2026 - Revenue up, but profits down sharply on higher costs and equity-method losses.6481
Q3 202511 Nov 2025
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