THK Co., Ltd. Revises Consolidated and Non Consolidated Earnings Guidance for the Full Year Ending December 31, 2023
August 08, 2023 at 02:00 am EDT
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THK Co., Ltd. revised consolidated and non consolidated earnings guidance for the full year ending December 31, 2023. For the full year, on consolidated basis, the company expected net sales of JPY 345,000 million, operating profit of JPY 21,000 million, profit attributable to owners of parent of JPY 16,000 million and basic earnings per share of JPY 130.51 compared to previously expected net sales of JPY 360,000 million, operating profit of JPY 30,000 million, profit attributable to owners of parent of JPY 22,400 million and basic earnings per share of JPY 182.74.
For the full year, on non-consolidated basis, the company expected net sales of JPY 146,300 million, operating profit of JPY 5,700 million, net income of JPY 11,700 million and basic earnings per share of JPY 95.43 compared to previously expected net sales of JPY 157,500 million, operating profit of JPY 10,100 million, net income of JPY 14,700 million and basic earnings per share of JPY 119.92.
THK CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of components for industrial equipment and transportation vehicles. The Company operates in five regional segments. The industrial equipment related business is engaged in the manufacture and sale of equipment components such as linear motion (LM) systems, as well as industrial equipment. The transportation vehicles related business is engaged in the development, design, manufacture and sale of steering parts, suspension parts and brake parts for automobile and two-wheel vehicles. The Company operates in Japan, the Americas, Europe, China, Taiwan, Singapore and Korea.
THK CO., LTD. 
