Full Year 2021 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 results for the fiscal year ended in December 2021.
Please turn to Page 3. Consolidated net sales was up by 45.3% year-on-year to JPY 318.1 billion. Even in the phase of ongoing effects of COVID-19, we started to observe full-scale demand recovery across different regions, both in Japan and abroad. Against such backdrop, progress achieved in stepping up our production capability through factory expansion and automation and robotization led to a steady increase in sales.
Despite the automotive and transportation equipment business being impacted by the drop in vehicle production, the operating income reached JPY 30.2 billion, thanks to the industrial machinery business, where we saw volume
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