Full Year 2018 THK Co Ltd Earnings Presentation Transcript

Feb 15, 2019 / 06:00AM GMT

Release Date Price: $24.3

Transcript

Akihiro Teramachi

THK Co., Ltd. - CEO, President & Director

I'm Akihiro Teramachi, President and CEO of THK. Let me first share with you the overview of the results for the fiscal year ending in December 2018. Please note that the year-on-year growth rates that we mentioned in the presentation are reference figures as the previous fiscal year was an ad hoc accounting year.

Consolidated net sales grew by 10.9% year-on-year to JPY 353.4 billion. In Japan, demand was generally brisk leading up to the first half, such as for general machinery and machine tools, owing to an accelerated shift to automation and robotization on top of the electronics-related demand.

Overseas, electronics-related demand and general demand from other businesses grew in China.

Demand was extremely brisk across the board in Europe and the Americas as well.

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