THK Past Earnings Performance
Past criteria checks 5/6
THK's earnings have been declining at an average annual rate of -5.6%, while the Machinery industry saw earnings growing at 9.4% annually. Revenues have been growing at an average rate of 0.6% per year. THK's return on equity is 6%, and it has net margins of 5.8%.
Key information
-5.57%
Earnings growth rate
-4.17%
EPS growth rate
| Machinery Industry Growth | 5.64% |
| Revenue growth rate | 0.60% |
| Return on equity | 5.96% |
| Net Margin | 5.76% |
| Next Earnings Update | 05 Aug 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jul 23
6481: Industrial Machinery Upswing Will Eventually Expose Overextended Re Rating Beyond Peak AI
Analysts have raised their price target on THK to ¥7,500 from ¥5,200, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E that, in their view, align the stock more closely with companies expected to benefit beyond the peak AI spending cycle. What’s in the News for THK THK revised its consolidated guidance for the six months ending June 30, 2026, and now expects revenue of ¥138,000 million, operating income of ¥15,400 million, and profit attributable to owners of the parent of ¥10,500 million.
Narrative Update • Jul 09
6481: Revised Guidance And Neutral Rating Will Support Balanced Medium Term Outlook
Analysts have lifted their fair value estimate for THK to about ¥7,500 from roughly ¥5,400, citing updated assumptions for revenue growth, profit margins, and future P/E that align with the recent Street price target increase to ¥7,500 from ¥5,200. What's in the News THK revised its consolidated guidance for the six months ending June 30, 2026, now expecting revenue of ¥138,000 million, operating income of ¥15,400 million, and profit attributable to owners of the parent of ¥10,500 million, with earnings per share of ¥93.73.Narrative Update • Jun 25
6481: Post Automotive Exit Re Rating Will Face Pressure Beyond Peak AI Cycle
Analysts have raised THK's implied fair value and long term P/E assumptions, increasing the Street price target from ¥5,200 to ¥7,500 as they incorporate updated views on the company's role beyond the peak AI spending cycle. What’s in the News for THK THK revised consolidated guidance for the six months ending June 30, 2026, and now expects revenue of ¥138,000 million, operating income of ¥15,400 million, and profit attributable to owners of the parent of ¥10,500 million, citing stronger than originally forecast orders in industrial machinery across Japan and other regions.Narrative Update • Jun 10
6481: Post Automotive Exit Re Rating Looks Vulnerable To Lower Future P E
Analysts have lifted their price target on THK stock to ¥7,500 from ¥5,200, pointing to updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. These changes reflect a more balanced view of demand beyond the current AI spending cycle.
Narrative Update • May 26
6481: Upgraded Margin Outlook And Higher P/E Assumptions Will Support Stronger Earnings Base
Analysts have lifted their fair value estimate for THK from ¥6,020 to ¥9,550, citing updated assumptions for revenue growth, profit margins, and a higher future P/E multiple as key drivers of the new price target. What's in the News THK revised consolidated guidance for the six months ending June 30, 2026, now expecting revenue of ¥138,000 million, operating income of ¥15,400 million, and profit attributable to owners of the parent of ¥10,500 million, compared with prior guidance of ¥127,000 million, ¥10,200 million, and ¥8,300 million respectively (Key Developments).Narrative Update • May 06
6481: Higher Assumed P/E Will Likely Limit Future Equity Returns
Analysts have raised their price target on THK to ¥3,787 from ¥2,999, citing updated assumptions for revenue growth, profit margins, and an increased future P/E multiple. What's in the News Board meeting scheduled for March 20, 2026 to consider disposing of treasury stock, which could affect share count and capital structure if approved (Board Meeting).Narrative Update • Apr 21
6481: Stable Assumptions And Governance Moves Will Shape Balanced Future Outlook
Analysts have kept their ¥5,376 price target on THK steady, with only small adjustments to assumptions such as discount rate, revenue growth, profit margin and future P/E that fine tune rather than reset their view on the stock. What's in the News Board meeting scheduled for March 20, 2026, with an agenda item to consider disposal of treasury stock, which could affect share count and capital structure if approved (Key Developments).Narrative Update • Apr 07
6481: Higher Profitability Assumptions And Capital Moves Will Shape Balanced Outlook
Analysts have lifted their fair value estimate for THK from about ¥4,400 to roughly ¥5,400, citing updated assumptions for revenue growth, profit margins, and a higher future P/E multiple as key drivers behind the higher price target. What's in the News Board meeting scheduled for March 20, 2026 to consider disposal of treasury stock, which could affect share count and capital structure if approved (company board meeting) Resolution passed on February 19, 2026 to change THK's accounting auditor from Grant Thornton Taiyo LLC, with a proposal for a new auditor to be submitted at the 56th general shareholders meeting on March 20, 2026 (Audit & Supervisory Committee meeting) Board meeting held on February 12, 2026 to consider and approve Special Measures for the Next Career Support Program for employees, indicating ongoing adjustments in workforce and human capital policies (company board meeting) Board meeting on February 2, 2026 to review transfer of shares of consolidated subsidiaries and assignment of receivables, indicating changes in group structure and internal financing arrangements (company board meeting) Valuation Changes Fair Value: raised from about ¥4,441 to roughly ¥5,376, reflecting higher assumptions in the model.Narrative Update • Mar 24
6481: Higher Margin Outlook And Governance Changes Will Set Up A Stronger Earnings Base
Analysts have raised their price target for THK to ¥6,020 from ¥5,310, citing updated assumptions for higher revenue growth, a stronger profit margin outlook, a slightly lower discount rate, and a revised future P/E expectation. What's in the News A board meeting is scheduled for March 20, 2026, to consider the disposal of treasury stock, which could affect share count and capital structure if approved (Key Developments).Narrative Update • Mar 09
6481: Lower Profit Margin Outlook Will Pressure Future Equity Returns
Analysts have lifted their price target on THK from about ¥2,857 to roughly ¥2,999, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and a higher expected future P/E multiple. What's in the News THK resolved at its Audit & Supervisory Committee meeting on February 19, 2026, to change its accounting auditor from Grant Thornton Taiyo LLC and plans to submit the appointment of a new accounting auditor to the 56th general shareholders meeting on March 20, 2026 (Key Developments).Narrative Update • Feb 23
6481: Lower Future P/E Assumptions Will Pressure Equity Returns
Analysts have reduced their price target on THK to ¥2,856.81 from ¥3,034.68 after revising their assumptions on revenue growth, profit margins, the discount rate and the future P/E, which has changed their view of fair value. What's in the News A board meeting is scheduled for February 12, 2026 to consider and approve Special Measures for the Next Career Support Program for employees, highlighting a focus on workforce related policies (Key Developments).Analysis Article • Feb 13
Need To Know: This Analyst Just Made A Substantial Cut To Their THK Co., Ltd. (TSE:6481) Estimates
The analyst covering THK Co., Ltd. ( TSE:6481 ) delivered a dose of negativity to shareholders today, by making a...Analysis Article • Feb 09
Revenues Not Telling The Story For THK Co., Ltd. (TSE:6481) After Shares Rise 25%
The THK Co., Ltd. ( TSE:6481 ) share price has done very well over the last month, posting an excellent gain of 25...Narrative Update • Feb 09
6481: Weaker Industrial Machinery Outlook And Tariff Headwinds Will Pressure Earnings
Analysts have modestly lifted their fair value estimate for THK from ¥4,322 to ¥4,442, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News Board meeting scheduled for February 2, 2026, to discuss the transfer of shares of consolidated subsidiaries and the assignment of receivables, which could reshape parts of the group structure (Key Developments).Narrative Update • Jan 26
6481: Tariff And Restructuring Headwinds Will Set Up A Stronger Earnings Base
Analysts have revised their view on THK's outlook, keeping fair value steady at ¥5,310.0 while adjusting their assumptions for discount rate, revenue growth, profit margin, and future P/E to reflect a more updated mix of risk and earnings. What's in the News THK revised its consolidated earnings guidance for the year ending December 31, 2025, now expecting revenue of ¥360,000 million, operating income of ¥16,000 million, and profit attributable to owners of the parent of ¥10,000 million, or earnings per share of ¥89.27, compared with prior guidance of revenue of ¥363,500 million, operating income of ¥23,500 million, and profit attributable to owners of the parent of ¥18,000 million, or earnings per share of ¥148.14 (company guidance).Narrative Update • Jan 11
6481: Weaker Industrial Orders And Tariff Costs Will Pressure Earnings
Analysts have raised their fair value estimate for THK from ¥3,021.55 to ¥3,034.68, reflecting updated assumptions of higher revenue growth, slightly stronger profit margins, a modestly higher discount rate, and a lower future P/E. What's in the News THK lowered its consolidated earnings guidance for the year ending December 31, 2025, now guiding to revenue of ¥360,000 million, operating income of ¥16,000 million, and profit attributable to owners of the parent of ¥10,000 million, or earnings per share of ¥89.27, compared with its earlier outlook.Analysis Article • Dec 22
Calculating The Intrinsic Value Of THK Co., Ltd. (TSE:6481)
Key Insights THK's estimated fair value is JP¥3,541 based on 2 Stage Free Cash Flow to Equity THK's JP¥4,061 share...Narrative Update • Dec 14
6481: Higher Discount Rate And Weaker Orders Will Pressure Earnings
Narrative Update The analyst price target for THK has been trimmed slightly. Fair value is edging down by approximately ¥0.34 per share as analysts factor in a higher discount rate and more moderate revenue growth assumptions, partially offset by a modestly improved profit margin outlook and a marginally lower future P/E multiple.Analysis Article • Dec 06
Does THK (TSE:6481) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Nov 13
THK Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Last week, you might have seen that THK Co., Ltd. ( TSE:6481 ) released its quarterly result to the market. The early...Analysis Article • Oct 01
THK (TSE:6481) Is Experiencing Growth In Returns On Capital
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Analysis Article • Sep 09
Calculating The Intrinsic Value Of THK Co., Ltd. (TSE:6481)
Key Insights Using the 2 Stage Free Cash Flow to Equity, THK fair value estimate is JP¥3,747 Current share price of...Analysis Article • Aug 08
THK Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Last week, you might have seen that THK Co., Ltd. ( TSE:6481 ) released its half-year result to the market. The early...Analysis Article • Jul 24
Investors Interested In THK Co., Ltd.'s (TSE:6481) Earnings
With a price-to-earnings (or "P/E") ratio of 51.2x THK Co., Ltd. ( TSE:6481 ) may be sending very bearish signals at...Analysis Article • Jun 19
Here's Why THK (TSE:6481) Can Manage Its Debt Responsibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...New Narrative • Jun 15
Lean Reforms And Automation Will Drive Global Efficiency
Structural reforms, automation investments, and resource reallocation are aimed at improving profitability, operating margins, and revenue resilience through efficiency and market diversification.Analysis Article • May 19
THK's (TSE:6481) Dividend Will Be ¥123.00
THK Co., Ltd. ( TSE:6481 ) has announced that it will pay a dividend of ¥123.00 per share on the 12th of September...Analysis Article • May 14
THK Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
As you might know, THK Co., Ltd. ( TSE:6481 ) last week released its latest quarterly, and things did not turn out so...Analysis Article • May 05
THK's (TSE:6481) Dividend Will Be ¥110.00
The board of THK Co., Ltd. ( TSE:6481 ) has announced that it will pay a dividend on the 12th of September, with...Analysis Article • Apr 08
Are Investors Undervaluing THK Co., Ltd. (TSE:6481) By 40%?
Key Insights Using the 2 Stage Free Cash Flow to Equity, THK fair value estimate is JP¥4,971 THK's JP¥2,981 share price...Analysis Article • Mar 23
THK's (TSE:6481) Returns On Capital Not Reflecting Well On The Business
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Feb 14
THK Co., Ltd. Just Missed EPS By 22%: Here's What Analysts Think Will Happen Next
Last week, you might have seen that THK Co., Ltd. ( TSE:6481 ) released its yearly result to the market. The early...Analysis Article • Feb 09
Does THK (TSE:6481) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Dec 10
A Look At The Intrinsic Value Of THK Co., Ltd. (TSE:6481)
Key Insights Using the 2 Stage Free Cash Flow to Equity, THK fair value estimate is JP¥3,100 Current share price of...Analysis Article • Nov 17
Earnings Report: THK Co., Ltd. Missed Revenue Estimates By 7.1%
Shareholders will be ecstatic, with their stake up 25% over the past week following THK Co., Ltd. 's ( TSE:6481...Analysis Article • Nov 14
Market Participants Recognise THK Co., Ltd.'s (TSE:6481) Earnings Pushing Shares 34% Higher
The THK Co., Ltd. ( TSE:6481 ) share price has done very well over the last month, posting an excellent gain of 34...Analysis Article • Oct 29
We Think THK (TSE:6481) Can Stay On Top Of Its Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Sep 04
Is THK Co., Ltd. (TSE:6481) Expensive For A Reason? A Look At Its Intrinsic Value
Key Insights The projected fair value for THK is JP¥2,040 based on 2 Stage Free Cash Flow to Equity THK's JP¥2,590...Analysis Article • Aug 06
THK Co., Ltd.'s (TSE:6481) Stock Retreats 26% But Earnings Haven't Escaped The Attention Of Investors
Unfortunately for some shareholders, the THK Co., Ltd. ( TSE:6481 ) share price has dived 26% in the last thirty days...Analysis Article • Jul 12
THK (TSE:6481) May Have Issues Allocating Its Capital
When researching a stock for investment, what can tell us that the company is in decline? Typically, we'll see the...Analysis Article • Jun 17
THK (TSE:6481) Has Announced That Its Dividend Will Be Reduced To ¥11.00
The board of THK Co., Ltd. ( TSE:6481 ) has announced it will be reducing its dividend by 63% from last year's payment...Analysis Article • May 14
Analyst Estimates: Here's What Brokers Think Of THK Co., Ltd. (TSE:6481) After Its First-Quarter Report
THK Co., Ltd. ( TSE:6481 ) last week reported its latest quarterly results, which makes it a good time for investors to...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How THK makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 255,306 | 14,702 | 54,948 | 0 |
| 31 Dec 25 | 240,444 | 10,149 | 45,498 | 5,772 |
| 30 Sep 25 | 355,856 | 6,503 | 65,124 | 0 |
| 30 Jun 25 | 349,154 | 6,953 | 54,072 | 6,493 |
| 31 Mar 25 | 352,578 | 8,798 | 64,816 | 0 |
| 31 Dec 24 | 352,759 | 10,439 | 53,664 | 6,493 |
| 30 Sep 24 | 348,950 | 13,514 | 63,028 | 0 |
| 30 Jun 24 | 346,197 | 13,569 | 51,656 | 5,690 |
| 31 Mar 24 | 343,529 | 13,467 | 50,572 | 5,690 |
| 31 Dec 23 | 351,939 | 18,398 | 49,146 | 5,690 |
| 30 Sep 23 | 374,270 | 11,958 | 49,778 | 5,887 |
| 30 Jun 23 | 392,610 | 18,874 | 50,401 | 5,887 |
| 31 Mar 23 | 399,127 | 21,195 | 50,359 | 5,887 |
| 31 Dec 22 | 393,687 | 21,198 | 49,144 | 5,887 |
| 30 Sep 22 | 375,578 | 33,408 | 47,928 | 5,136 |
| 30 Jun 22 | 353,818 | 29,852 | 45,412 | 5,136 |
| 31 Mar 22 | 335,533 | 27,203 | 43,863 | 5,136 |
| 31 Dec 21 | 318,188 | 23,007 | 42,213 | 5,136 |
| 30 Sep 21 | 292,608 | 6,413 | 39,982 | 4,976 |
| 30 Jun 21 | 266,987 | 887 | 38,196 | 4,976 |
| 31 Mar 21 | 234,315 | -4,639 | 35,717 | 4,976 |
| 31 Dec 20 | 218,998 | -9,992 | 35,872 | 4,976 |
| 30 Sep 20 | 216,145 | -1,096 | 35,704 | 5,182 |
| 30 Jun 20 | 228,516 | -1,523 | 37,379 | 5,182 |
| 31 Mar 20 | 253,700 | 3,382 | 39,912 | 5,182 |
| 31 Dec 19 | 274,599 | 11,690 | 40,103 | 5,182 |
| 30 Sep 19 | 303,246 | 16,213 | 42,911 | 5,149 |
| 30 Jun 19 | 323,163 | 25,648 | 43,691 | 5,149 |
| 31 Mar 19 | 342,418 | 31,866 | 43,700 | 5,149 |
| 31 Dec 18 | 353,479 | 35,400 | 43,809 | 5,149 |
| 31 Dec 17 | 382,137 | 34,305 | 47,707 | 5,312 |
| 30 Sep 17 | 339,713 | 29,305 | 45,268 | 4,653 |
| 30 Jun 17 | 328,856 | 24,925 | 43,832 | 4,653 |
| 31 Mar 17 | 273,577 | 16,731 | 37,946 | 4,653 |
| 31 Dec 16 | 270,182 | 13,483 | 38,715 | 4,602 |
| 30 Sep 16 | 264,524 | 11,094 | 38,033 | 4,602 |
| 30 Jun 16 | 252,943 | 8,928 | 37,729 | 4,602 |
| 31 Mar 16 | 240,478 | 13,575 | 37,495 | 4,602 |
| 31 Dec 15 | 230,112 | 15,773 | 42,933 | 0 |
| 30 Sep 15 | 223,657 | 19,527 | 41,469 | 0 |
Quality Earnings: 6481 has high quality earnings.
Growing Profit Margin: 6481's current net profit margins (5.8%) are higher than last year (2.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 6481 has become profitable over the past 5 years, growing earnings by -5.6% per year.
Accelerating Growth: 6481's earnings growth over the past year (67.1%) exceeds its 5-year average (-5.6% per year).
Earnings vs Industry: 6481 earnings growth over the past year (67.1%) exceeded the Machinery industry 14%.
Return on Equity
High ROE: 6481's Return on Equity (6%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/27 17:15 |
| End of Day Share Price | 2026/07/27 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
THK Co., Ltd. is covered by 23 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tsutomu Kijima | Barclays |
| Kenjin Hotta | BofA Global Research |
| Graeme McDonald | Citigroup Inc |