THK (6481) Q1 2026 earnings summary

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.