6481
THK CO., LTD.
ＴＨＫ株式会社
Machinery
THK Co., Ltd. engages in the manufacture and sale of mechanical components in Japan, the Americas, Europe, China, and intentionally. The company provides linear motion (LM) guides, ball screws, ball splines, LM guide actuators, cross roller rings/ double row angular contact ring, electric and linear actuators, cam and roller followers, linear bushes, LM strokes, slide packs, slide rails, cross-roller guides and tables, linear ball slides, LM and flat rollers, spline nuts, screw nuts, change nuts, precision linear packs, link balls, rod ends, spherical plain bearings, lubrication accessories, and seismic isolation products. Its products are used in various applications, including machine tools, general industrial machinery, precision instruments, semiconductor and LCD manufacturing equipment, industrial robots, electronic devices, and transport systems, as well as in construction, aerospace, medical and assistive, and other manufacturing industries. The company was incorporated in 1946 and is based in Tokyo, Japan.
Price
¥7,640
Market Cap
¥855.2B
Ent. Value
¥868.4B
Net Debt
−¥13.2B
Shares Out.
111.9M
P / E
—
EV / EBIT
60.2×
P / Book
—
P / NCAV
11.09×
Div. Yield
3.22%
Financials
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥240.4B | ¥352.8B | ¥351.9B | ¥393.7B | ¥318.2B |
| Cost of Sales | ¥169.9B | ¥271.0B | ¥270.3B | ¥288.4B | ¥238.4B |
| Gross Profit | ¥70.5B | ¥81.8B | ¥81.6B | ¥105.3B | ¥79.8B |
| SG&A | ¥54.3B | ¥64.6B | ¥59.0B | ¥59.0B | ¥51.0B |
| Operating Income | ¥14.4B | ¥17.3B | ¥23.7B | ¥34.5B | ¥30.3B |
| Non-Operating Income | ¥3.0B | ¥3.1B | ¥2.4B | ¥3.3B | ¥2.1B |
| Non-Operating Expenses | ¥1.7B | ¥1.7B | ¥864M | ¥2.2B | ¥2.4B |
| Pre-tax Income | ¥15.7B | ¥18.8B | ¥25.3B | ¥35.6B | ¥30.0B |
| Net Income (owners) | ¥-69.9B | ¥10.4B | ¥18.4B | ¥21.2B | ¥23.0B |
| Minority Interest | ¥412M | ¥217M | ¥339M | ¥-386M | ¥157M |
| Comprehensive Income | ¥-56.5B | ¥35.2B | ¥35.7B | ¥42.4B | ¥47.9B |
| EBITDA | ¥38.7B | ¥41.3B | ¥45.5B | ¥55.3B | ¥49.0B |
| EPS | ¥-618.66 | ¥85.17 | ¥150.08 | ¥172.67 | ¥181.97 |
| Shares Outstanding | 111.9M | 121.4M | 122.6M | 122.6M | 124.7M |
| Shares Issued (total) | 119.1M | 129.9M | 129.9M | 129.9M | 129.9M |
| Treasury Shares | 7.2M | 8.4M | 7.3M | 7.3M | 5.2M |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥473.0B | ¥567.4B | ¥556.4B | ¥560.3B | ¥516.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥284.4B | ¥326.8B | ¥333.5B | ¥352.9B | ¥313.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥110.0B | ¥138.3B | ¥156.5B | ¥163.8B | ¥151.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥188.6B | ¥240.6B | ¥222.9B | ¥207.4B | ¥202.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥162.9B | ¥203.8B | ¥186.6B | ¥172.3B | ¥158.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥94M | ¥3.0B | ¥2.6B | ¥2.4B | ¥7.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥6.0B | ¥5.1B | ¥5.9B | ¥5.3B | ¥5.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥207.2B | ¥177.6B | ¥193.5B | ¥223.0B | ¥201.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥100.4B | ¥80.9B | ¥73.6B | ¥103.2B | ¥78.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥33.2B | ¥23.4B | ¥13.1B | ¥23.0B | ¥2.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥106.9B | ¥96.7B | ¥119.8B | ¥119.9B | ¥123.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥90.0B | ¥73.1B | ¥95.6B | ¥97.9B | ¥99.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥6.2B | ¥6.8B | ¥6.5B | ¥5.9B | ¥5.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥265.7B | ¥389.8B | ¥362.9B | ¥337.3B | ¥314.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥39.6B | ¥40.1B | ¥40.1B | ¥40.1B | ¥40.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥128.7B | ¥260.6B | ¥253.4B | ¥245.9B | ¥233.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-22.4B | ¥-21.1B | ¥-17.1B | ¥-17.2B | ¥-11.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥66.7B | ¥69.4B | ¥46.2B | ¥28.4B | ¥7.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥261.3B | ¥383.6B | ¥357.3B | ¥331.9B | ¥304.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥4.4B | ¥6.1B | ¥5.6B | ¥5.4B | ¥9.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥123.2B | ¥96.5B | ¥108.8B | ¥120.9B | ¥101.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-13.2B | ¥41.8B | ¥47.7B | ¥43.0B | ¥49.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥77.1B | ¥149.2B | ¥140.0B | ¥129.9B | ¥112.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥689 | ¥1,229 | ¥1,142 | ¥1,060 | ¥900 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,335 | ¥3,159 | ¥2,915 | ¥2,708 | ¥2,443 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥42.7B | ¥28.4B | ¥39.3B | ¥37.6B | ¥15.6B |
| D&A | ¥24.3B | ¥24.0B | ¥21.8B | ¥20.8B | ¥18.7B |
| Investing CF | ¥-19.8B | ¥-34.2B | ¥-27.1B | ¥-30.1B | ¥-19.1B |
| CapEx | ¥18.9B | ¥29.6B | ¥27.0B | ¥29.4B | ¥19.2B |
| Financing CF | ¥-42.1B | ¥-22.7B | ¥-24.3B | ¥-3.6B | ¥-12.7B |
| Free Cash Flow | ¥23.9B | ¥-1.2B | ¥12.3B | ¥8.2B | ¥-3.6B |
| Net Change in Cash | ¥-17.8B | ¥-18.2B | ¥-7.3B | ¥12.4B | ¥-7.4B |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | -21.3% | 2.8% | 5.3% | 6.5% | 7.3% |
| ROA | -13.4% | 1.9% | 3.3% | 3.9% | 4.5% |
| EPS | ¥-618.66 | ¥85.17 | ¥150.08 | ¥172.67 | ¥181.97 |
| DPS | ¥246.00 | ¥146.50 | ¥46.00 | ¥87.00 | ¥60.00 |
| FCF/Share | ¥213 | ¥-9 | ¥100 | ¥67 | ¥-29 |
| NCAV/Share | ¥689 | ¥1,229 | ¥1,142 | ¥1,060 | ¥900 |
| Payout Ratio | — | 172.0% | 30.7% | 50.4% | 33.0% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 20
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社（信託口）
|
18,059 | 16.12% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行（信託口）
|
14,662 | 13.08% |
| 3 |
TERAMACHI
TERAMACHI株式会社
|
6,014 | 5.36% |
| 4 |
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505001 常任代理人 株式会社みずほ銀行決済営業部
|
4,602 | 4.10% |
| 5 |
BBH (LUX) FOR FIDELITY FUNDS-GLOBAL TECHNOLOGY POOL
BBH (LUX) FOR FIDELITY FUNDS-GLOBAL TECHNOLOGY POOL 常任代理人 株式会社三菱ＵＦＪ銀行
|
2,570 | 2.29% |
| 6 |
Citibank, N.A.
OASIS JAPAN STRATEGIC FUND Y LTD． 常任代理人 シティバンク、エヌ・エイ東京支店
|
1,992 | 1.77% |
| 7 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行（信託口4）
|
1,705 | 1.52% |
| 8 |
Mizuho Bank
株式会社みずほ銀行 常任代理人 株式会社日本カストディ銀行
|
1,600 | 1.42% |
| 9 |
Citibank, N.A.
OASIS JAPAN STRATEGIC FUND LTD． 常任代理人 シティバンク、エヌ・エイ東京支店
|
1,563 | 1.39% |
| 10 |
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781 常任代理人 株式会社みずほ銀行決済営業部
|
1,553 | 1.38% |
as of 2025-12-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
32.1%
+2.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.2%
+3.2% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
13.1%
-7.0% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 48.4% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 16.14% | 15.26% | 16.12% +0.86% | |
| Japan Custody Bank 日本カストディ銀行 | 11.97% | 14.78% | 16.02% +1.24% | |
| STATE STREET BANK AND TRUST COMPANY みずほ銀行 | 7.29% | 11.19% | 5.48% -5.71% | |
| TERAMACHI | 4.90% | 4.94% | 5.36% +0.42% | |
| Citibank NEW ENTRY | — | — | — | 3.16% NEW |
| Fidelity | 2.09% | 2.11% | 2.29% +0.18% | |
| JPモルガン証券 last seen 2024 | Exited Top 10 | 2.39% | 1.85% | — |
| State Street last seen 2023 | Exited Top 10 | 3.21% | — | — |
| Concentration (HHI) ⓘ | 501 | 609 | 590 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥4,430M
+31% since 2023
Holdings
21
10 exited
Trend
3 building
vs 2023
| Held Company | FY2025 ¥4,430M total | FY2023 ¥3,387M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
TSUGAMI CORPORATION
㈱ツガミ
|
861 |
300,000
|
364 | 300,000 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
732 |
293,900
|
356 | 293,900 | |
|
NITTOKU CO., LTD.
NITTOKU㈱
|
727 |
300,000
|
600 | 300,000 | M |
|
TOKYO SEIMITSU CO., LTD.
㈱東京精密
|
577 |
52,000
|
450 | 52,000 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
364 |
63,900
|
154 | 63,900 | |
|
OKUMA Corporation
オークマ㈱
|
363 |
+100.2%
↑
100,026
|
303 | 49,963 | M |
|
NACHI-FUJIKOSHI CORP.
㈱不二越
|
277 |
+0.6%
↑
63,777
|
232 | 63,369 | M |
|
Neturen Co., Ltd.
高周波熱錬㈱
|
255 |
200,000
|
192 | 200,000 | M |
|
ONEX Corporation
㈱オーネックス
|
91 |
53,000
|
97 | 53,000 | M |
|
TOBA,INC.
㈱鳥羽洋行
|
74 |
+5.2%
↑
18,399
|
59 | 17,496 | |
|
MICRON MACHINERY CO., LTD.
ミクロン精密㈱
|
62 |
30,000
|
43 | 30,000 | |
|
HEPHAIST CO.,LTD.
ヒーハイスト㈱
|
47 |
50,000
|
12 | 50,000 | M |
|
譬ｪ蠑丈ｼ夂､ｾ�ｼｬ�ｽ��ｽゑｽ擾ｽ抵ｽ擾ｼ趣ｼ｡�ｼｩ
㈱Laboro.AI
|
— | — | |||
|
DMG MORI CO., LTD.
DMG森精機㈱
|
— | — | |||
|
Mitsubishi Electric Corporation
三菱電機㈱
|
— | — | |||
|
FUJI CORPORATION
㈱ＦＵＪＩ
|
— | — | |||
|
RORZE CORPORATION
ローツェ㈱
|
— | — | |||
|
NISSAN MOTOR CO., LTD.
日産自動車㈱
|
— | — | |||
| ニデックオーケーケー㈱ | — | — | |||
|
KOMORI CORPORATION
㈱小森コーポレーション
|
— | — | |||
|
TOKYO KIKAI SEISAKUSHO,LTD.
㈱東京機械製作所
|
— | — | |||
|
DAIFUKU CO.,LTD.
㈱ダイフク
|
— |
−100%
Exit
—
|
158 | 55,600 | |
|
SCREEN Holdings Co., Ltd.
㈱SCREENホールディングス
|
— |
−100%
Exit
—
|
95 | 8,000 | |
|
Takatori Corporation
㈱タカトリ
|
— |
−100%
Exit
—
|
89 | 21,000 | |
|
譬ｪ蠑丈ｼ夂､ｾ�ｼｬ�ｽ��ｽゑｽ擾ｽ抵ｽ擾ｼ趣ｼ｡�ｼｩ
㈱ Laboro.AI
|
— |
−100%
Exit
—
|
86 | 117,370 | |
|
Sodick Co.,Ltd.
㈱ソディック
|
— |
−100%
Exit
—
|
29 | 40,200 | |
|
NISSEI PLASTIC INDUSTRIAL CO.,LTD.
日精樹脂工業㈱
|
— |
−100%
Exit
—
|
22 | 20,100 | |
|
HI-LEX CORPORATION
㈱ハイレックスコーポレーション
|
— |
−100%
Exit
—
|
19 | 14,200 | |
|
KITAGAWA SEIKI CO.,LTD.
北川精機㈱
|
— |
−100%
Exit
—
|
10 | 14,000 | |
|
Nippon Electric Glass Co., Ltd.
日本電気硝子㈱
|
— |
−100%
Exit
—
|
10 | 3,300 | |
|
SHIBUYA CORPORATION
澁谷工業㈱
|
— |
−100%
Exit
—
|
7 | 3,200 | |
| Portfolio total | 4,430 | 3,387 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding