Full Year 2022 THK Co Ltd Earnings Presentation Transcript
I am Akihiro Teramachi, President and CEO of THK. I would like to share with you the overview of the financial results for the fiscal year ended in December 2022. Please turn to Page 3. Consolidated revenue grew 23.7% year-on-year to JPY 393.6 billion. In the Industrial Machinery business, demand was strong in all regions, mainly driven by growing semiconductor-related demand, progress on automation and robotization and EV-related demand. Against such backdrop, we were able to stabilize translate this demand into sales as a result of our ongoing efforts to increase production capacity.
On the other hand, the automotive and transportation equipment business was impacted by the decline in vehicle production caused by the shortage of semiconductors and other parts as
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