Aug 09, 2023 / NTS GMT
Presentation
Aug 09, 2023 / NTS GMT
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Corporate Participants
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* Akihiro Teramachi
THK Co., Ltd. - President, CEO & Representative Director
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Akihiro Teramachi - THK Co., Ltd. - President, CEO & Representative Director
I am Akihiro Teramachi, President and CEO of THK. I would like to share with you the overview of the financial results for the first 6 months of the current fiscal year ending in December 2023.
Please turn to Page 3. Consolidated revenue was down by 0.6% year-on-year to JPY 185.5 billion. Overall demand slowed in the Industrial Machinery Business, especially for electronics, and despite the conversion of backlog that was previously trending high into actual sales, revenue was down.
On the other hand, other vehicle production cuts caused by the shortage of parts supply still had impact in the automotive and transportation equipment business. Sales trends started to recover. Consolidated operating income declined 21.2% year-on-year to JPY 16.4 billion.
Q2 2023 THK Co Ltd Earnings Presentation Transcript
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