Q2 2021 THK Co Ltd Earnings Presentation Transcript
Hi, I'm Akihiro Teramachi, President and CEO of THK. I would like to begin my presentation with the overview of the financial results for the first half of fiscal 2021 on Page 3. We Consolidated net sales grew by 46.6% year-on-year to JPY 151 billion. While we still feel the impact COVID-19, China, which has resumed economic activities ahead of other countries, has seen a recovery in demand since the second half of last year. Following the recovery in China, developed countries and other regions also entered a phase of full-scale recovery.
Against this backdrop, we have been augmenting our production capability by enhancing productivity through automation and robotization in addition to capacity ramp-ups. As a result, we were able to capture the demand to steadily increase sales.
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