Overview
Machinery

THK CO.,LTD.

THK Co., Ltd. is a leading manufacturer of linear motion (LM) systems and mechanical components, including linear guides, ball screws, and actuators, which enable high-speed and high-precision movement in industrial machinery such as machine tools, semiconductor manufacturing equipment, and industrial robots. The company also operates a transportation equipment segment (currently classified as discontinued operations, pending divestiture in February 2026) producing steering, suspension, and brake components including ball joints for automotive and motorcycle manufacturers. THK's linear motion systems reduce friction to 1/50 of conventional sliding mechanisms, delivering superior energy efficiency and precision across industrial, semiconductor, and infrastructure applications including seismic isolation systems.

Market Cap
¥624B
US$3.98B
EV
¥650B
US$4.15B
Stock¥5,571▼-1.85%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
11.9
x
LTM EV/EBIT
21.1
x
LTM PER
NM
LTM PBR
2.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+6.0%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 13, 26Divestment of 5 auto parts subsidiaries to Advantage Partners
MC → EV Bridge
624BUS$3.98BMarket Cap148BUS$943M+ Debt117BUS$746M− Cash4.81BUS$30.7M− Inv. Sec.650BUS$4.15BEV
AI Briefing
THK: global leader in linear motion systems (linear guides, ball screws) for machine tools, semicap, and robotics, divesting transportation equipment business (Feb 2026) to sharpen core focus. FY25/12 revenue ¥240B with OP margin compressed to 6.0% as revenue has nearly halved since FY22/12's ¥394B amid portfolio restructuring. Forward EBITDA of ¥71.9B vs LTM ¥54.8B signals market pricing in margin recovery as divestiture completes and core industrial franchise re-rates.
Performance & Balance
Revenue 5Y (¥B)
318US$2.03B'21/12394US$2.51B'22/12352US$2.24B'23/12223US$1.42B'24/12240US$1.53B'25/12
EBITDA 5Y (¥B)
49.0US$313M'21/1255.3US$353M'22/1245.5US$290M'23/1239.9US$254M'24/1238.7US$247M'25/12
Net Income 5Y (¥B)
23.0US$147M'21/1221.2US$135M'22/1218.4US$117M'23/1210.4US$66.6M'24/12-69.9-US$446M'25/12
Capital Structure
65%
35%
EquityD/E 0.54xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
151US$966M102US$649M'21/12164US$1.04B121US$771M'22/12156US$998M109US$694M'23/12138US$882M106US$673M'24/12110US$702M131US$837M'25/12
Shareholders
Top 10 hold 52.2%
1
Custody Bank of Japan, Ltd. (Trust Account)
16.47%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
16.02%
3
TERAMACHI Co., Ltd.
5.36%
4
JPMorgan Securities Japan Co., Ltd.
3.16%
5
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd., Settlement & Clearing Services Department)
3.06%
6
Custody Bank of Japan, Ltd. (Trust Account 4)
2.11%
7
BBH (LUX) FOR FIDELITY FUNDS-GLOBAL TECHNOLOGY POOL (Standing Proxy: MUFG Bank, Ltd.)
2.02%
8
Mizuho Bank, Ltd. (Standing Proxy: Japan Securities Finance... Japan Custodian Bank, Ltd.)
1.42%
9
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd., Settlement & Clearing Services Department)
1.39%
10
MLI FOR CLIENT GENERAL OMNINON COLLATERAL NON TREATY-PB (Standing Proxy: BofA Securities Japan Co., Ltd.)
1.21%
Management
11 officers
Akihiro TERAMACHI
Representative Director, Chairman
Oct 1975 Left Okuma Corporation Oct 1975 Joined THK CO., LTD. Apr 1977 Appointed Plant Manager, Kofu Plant Mar 1982 Appointed Director, General Manager of Business Department Jun 1986 Appointed Director, Daito Seiki Co., Ltd. Jun 1987 Appointed Managing Director, General Manager of Administration Division Jun 1994 Appointed Deputy President May 1995 Appointed Representative Director, President, Daito Seiki Co., Ltd. Jan 1997 Appointed Representative Director, President of the Company Jan 1997 Appointed Chairman, Daito Seiki Co., Ltd. Jun 1997 Appointed Chairman, THK Yasuda Co., Ltd. (now THK Niigata Co., Ltd.) (current) Jun 1998 Appointed Representative Director, Chairman, THK Holdings of America, L.L.C. Jun 1998 Appointed Representative Director, Chairman, THK America, Inc. (current) Jun 1998 Appointed Representative Director, Chairman, THK Manufacturing of America, Inc. (current) Jun 1998 Appointed Representative Director, Chairman, PGM Ballscrews Ireland Ltd. (now THK Manufacturing of Ireland Ltd.) (current) Sep 1998 Appointed Representative Director, Chairman, THK Europe B.V. (current) Nov 1998 Appointed Representative Director, Chairman, THK GmbH (current) Jul 1999 Appointed Chairman, THK TAIWAN CO., LTD. (current) May 2001 Appointed Representative Director, Chairman, THK Manufacturing of Europe S.A.S. (current) Jun 2002 Appointed Chairman, Talk System Co., Ltd. (current) Aug 2003 Appointed Chairman, THK (Shanghai) International Trading Co., Ltd. (current) Mar 2004 Appointed Chairman, THK (Wuxi) Precision Industry Co., Ltd. (current) Feb 2005 Appointed Chairman, THK (Liaoning) Precision Industry Co., Ltd. (current) Sep 2005 Appointed Chairman, THK (China) Investment Co., Ltd. (current) May 2007 Appointed Representative Director, Chairman, Rhythm Co., Ltd. (now THK RHYTHM Co., Ltd.) (current) Jun 2009 Appointed Chairman, THK INTEX Co., Ltd. (current) Jul 2014 Appointed Chairman, THK (Changzhou) Precision Industry Co., Ltd. (current) May 2015 Appointed Representative Director, President, THK RHYTHM AUTOMOTIVE MICHIGAN CORPORATION (current) Jun 2015 Appointed Representative Director, President, THK RHYTHM AUTOMOTIVE CANADA LIMITED (current) Jun 2015 Appointed Representative Director, President, THK RHYTHM AUTOMOTIVE GmbH (current) Sep 2015 Appointed Representative Director, Chairman, THK RHYTHM AUTOMOTIVE CZECH a.s. (current) Nov 2016 Appointed Director, THK CAPITAL UNLIMITED COMPANY (current) Nov 2016 Appointed Director, THK FINANCE UNLIMITED COMPANY (current) Oct 2017 Appointed Representative Director, President, TRA Holdings Co., Ltd. Mar 2023 Appointed Representative Director, Chairman, TRA Holdings Co., Ltd. (current) Jan 2024 Appointed Representative Director, Chairman and CEO of the Company Mar 2025 Appointed Representative Director, Chairman of the Company (current)
1951-04-05
Takashi TERAMACHI
Representative Director, President, CEO
Apr 2003 Joined Sumitomo Corporation Sep 2013 Left Sumitomo Corporation Nov 2013 Joined the Company Jan 2014 Appointed General Manager, IMT Business Division Jun 2014 Appointed Director, Executive Officer, Deputy General Manager, IMT Business Division, and Representative Director, President, THK INTEX Co., Ltd. Jun 2016 Appointed Director, Senior Managing Executive Officer, Head of Industrial Machinery Division, and Representative Director, President, THK INTEX Co., Ltd. Jan 2020 Appointed Director, Senior Managing Executive Officer, Head of Industrial Machinery Division, and Director, THK INTEX Co., Ltd. Mar 2020 Appointed Director, Senior Managing Executive Officer, Head of Industrial Machinery Division Jan 2024 Appointed Representative Director, President, COO, and Head of Industrial Machinery Division Mar 2025 Appointed Representative Director, President, CEO, and Head of Industrial Machinery Division (current)
1978-11-17
Nobuyuki MAKI
Director
Apr 1983 Joined the Company Jul 1992 Appointed Chicago Branch Manager, THK America, Inc. Jan 2003 Appointed Representative Director, President, THK Manufacturing of America, Inc. Oct 2007 Appointed Plant Manager, Yamaguchi Plant Jun 2010 Appointed Director, Head of Production Division Jun 2014 Appointed Managing Executive Officer, Head of Production Division Apr 2015 Appointed Managing Executive Officer, Head of Production Division and Head of Sales Support Division May 2015 Appointed Managing Executive Officer, Head of Production Division, Head of Sales Support Division, and General Manager, L&S Integration Promotion Office Jun 2015 Appointed Director, Managing Executive Officer, General Manager, L&S Integration Promotion Office Nov 2015 Appointed Director, Managing Executive Officer, Head of Transportation Equipment Division Jun 2016 Appointed Director, Senior Managing Executive Officer, Head of Transportation Equipment Division
1960-05-12
Naoki KINOSHITA
Director
Apr 1985 Joined the Company Feb 2011 Appointed General Manager, West Japan No. 1 Sales Division Jun 2014 Appointed Executive Officer, General Manager, THK (China) Investment Co., Ltd. Jan 2022 Appointed Executive Officer, Vice Chairman, THK (China) Investment Co., Ltd. Mar 2022 Appointed Managing Executive Officer Mar 2025 Appointed Director, Senior Managing Executive Officer, Deputy Head of Industrial Machinery Division, and Vice Chairman, General Manager, THK (China) Investment Co., Ltd.
1961-11-23
Kenji NAKANE
Director, CFO
Apr 1993 Joined the Company Jun 2009 Appointed General Manager, Finance & Accounting Department, Management Strategy Office Jul 2016 Appointed General Manager, Finance & Accounting Division, Management Strategy Division Apr 2017 Appointed Executive Officer, General Manager, Finance & Accounting Division, Management Strategy Division Nov 2022 Appointed Executive Officer, General Manager, Finance & Accounting Division, and General Manager, Indirect Procurement Division, Management Strategy Division Mar 2023 Appointed Director, CFO (current)
1970-07-10
Yoshifumi SATO
Director
Apr 1987 Joined the Company Nov 2007 Appointed Branch Manager, Hitachi Branch Jun 2014 Appointed General Manager, West Japan No. 2 Sales Division Oct 2018 Appointed General Manager, East Japan No. 1 Sales Division Apr 2021 Appointed Vice President, Director, THK America, Inc. Jan 2022 Appointed Representative Director, President, THK America, Inc. Mar 2022 Appointed Managing Executive Officer Mar 2026 Appointed Director (current)
1964-12-22
Hiroko KAWASAKI
Director
Apr 1987 Joined Nippon Telegraph and Telephone Corporation (now NTT, Inc.) Jul 2006 Appointed General Manager, Diversity Promotion Office, Human Resources Department, NTT DOCOMO, INC. Jun 2010 Appointed Shizuoka Branch Manager, Tokai Branch, NTT DOCOMO, INC. Jun 2012 Appointed General Manager, Customer Service Division, NTT DOCOMO, INC. Jun 2014 Appointed General Manager, CSR Division, NTT DOCOMO, INC. Jun 2017 Appointed Executive Officer, Branch Manager, Hokuriku Branch, and Representative Director, President, DOCOMO CS Hokuriku, Inc. Jun 2020 Appointed Executive Officer, General Manager, Marketing Division, NTT DOCOMO, INC. Apr 2021 Appointed Member, Labour Policy Council, Ministry of Health, Labour and Welfare (current) Jun 2021 Appointed Managing Director, DOCOMO Systems, Inc. Jun 2022 Appointed Director (Full-time Audit and Supervisory Committee Member), NTT DOCOMO, INC. Jun 2023 Appointed Outside Director (Audit and Supervisory Committee Member), ENEOS Holdings, Inc. Jun 2024 Appointed Outside Director, Mitsubishi Shokuhin Co., Ltd. Jun 2024 Appointed Outside Director, Chairman of the Board, ENEOS Holdings, Inc. (current) Mar 2025 Appointed Director of the Company (current) Jun 2025 Appointed Outside Director (Audit and Supervisory Committee Member), Nomura Research Institute, Ltd. (current)
1963-09-21
Yoshiki UEDA
Director (Audit and Supervisory Committee Member)
Apr 1976 Joined Mitsubishi Corporation Apr 2007 Appointed Deputy General Manager, Kansai Branch, Mitsubishi Corporation Apr 2008 Appointed Executive Officer, Mitsubishi Corporation Jun 2010 Appointed President and Executive Officer, Mitsubishi Corporation Technos, Inc. Jun 2011 Appointed Chairman, Japan Machine Tool Distributors' Association Jun 2015 Appointed Advisor, Mitsubishi Corporation Technos, Inc. Jun 2016 Appointed Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2016 Appointed Outside Director, Shin Nippon Koki Co., Ltd. Nov 2016 Appointed Advisor, Makino Milling Machine Co., Ltd. Dec 2016 Appointed Visiting Professor, Shizuoka University Jun 2017 Appointed Outside Director, Chairman of the Board, Shin Nippon Koki Co., Ltd. (current) Jun 2018 Appointed Vice Chairman, Representative Director, Makino Milling Machine Co., Ltd. Jun 2020 Appointed Chairman, Representative Director, Makino Milling Machine Co., Ltd. Jan 2021 Appointed Advisor, Makino Milling Machine Co., Ltd.
1953-03-10
Masakatsu HIOKI
Director (Audit and Supervisory Committee Member)
Apr 1975 Joined Komatsu Ltd. Apr 2004 Appointed Executive Officer, Komatsu Ltd. Apr 2008 Appointed Managing Executive Officer, Komatsu Ltd. Jul 2012 Appointed Advisor, Komatsu Ltd. Dec 2013 Appointed Board Member, Technology-Based Management Research Association (NPO) Jun 2014 Appointed Director of the Company Nov 2014 Appointed Outside Director, Sukiya Co., Ltd. (current) Feb 2015 Appointed Senior Fellow, Mercer Japan Ltd. Apr 2015 Appointed Visiting Professor, Graduate School of Management, Ritsumeikan University May 2016 Appointed Outside Director, Zuiko Corporation Jun 2016 Appointed Director (Audit and Supervisory Committee Member) of the Company (current) May 2023 Appointed Director (Audit and Supervisory Committee Member), Zuiko Corporation
1950-07-30
Tomitoshi OMURA
Director (Audit and Supervisory Committee Member)
Oct 1976 Registered as Assistant Certified Public Accountant Oct 1977 Joined Fuji Accounting Office (audit firm) Oct 1980 Joined Asahi & Co. (now Azusa Audit LLC) Mar 1982 Registered as Certified Public Accountant Dec 1989 Appointed Head, Omura Certified Public Accountant Office (current) Jun 2016 Appointed Director (Audit and Supervisory Committee Member) of the Company (current)
1954-08-03
Junko KAI
Director
Apr 1992 Registered with the Daini Tokyo Bar Association Dec 2002 Appointed Partner, Hama-Ni Takahashi Kai Law Office (current) Jun 2006 Appointed Member, Discipline Committee, Daini Tokyo Bar Association Mar 2007 Appointed Instructor in Criminal Defense, Legal Training and Research Institute of the Supreme Court Apr 2010 Appointed Mediation Committee Member, Tokyo Family Court Jul 2010 Appointed Preliminary Member, Discipline Review Committee, Japanese Institute of Certified Public Accountants Oct 2010 Appointed Examiner, National Bar Examination (Criminal Procedure Law) and Preliminary Bar Examination (Criminal Procedure Law) Jun 2014 Appointed Member, Public Procurement Committee, Pension Special Account, Ministry of Health, Labour and Welfare (current) Oct 2015 Appointed Special Member, Central Construction Dispute Review Committee, Ministry of Land, Infrastructure, Transport and Tourism (current) Feb 2016 Appointed Member, Disciplinary Committee, Daini Tokyo Bar Association Jun 2019 Appointed Outside Director, Narita International Airport Corporation (current) Jun 2021 Appointed Member, Discipline Committee, Daini Tokyo Bar Association Jun 2021 Appointed Outside Audit & Supervisory Board Member, JSR Corporation Mar 2022 Appointed Director of the Company (current) Jun 2025 Appointed Outside Director, Mitsui-Soko Holdings Co., Ltd. (current)
1967-09-29
Large Shareholding Reports
Sumitomo Mitsui DS Asset Management Company, Limited
2026-09-25
4.76%→3.83%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2026-09-24
3.58%→2.57%
Nomura Asset Management Co., Ltd.
2026-09-07
5.31%→6.49%
Nomura Asset Management Co., Ltd.
2026-07-23
4.47%→5.31%
Sumitomo Mitsui DS Asset Management Company, Limited
2026-06-05
4.76%
Nomura Asset Management Co., Ltd.
2026-06-04
4.47%
Nomura Asset Management Co., Ltd.
2026-05-21
4.21%→4.32%
Nomura Asset Management Co., Ltd.
2026-05-07
4.21%
Lazard Asset Management LLC
2026-03-18
4.63%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2026-03-05
3.58%
Lazard Asset Management LLC
2025-10-17
3.76%→3.86%
Lazard Asset Management LLC
2025-08-15
3.73%→3.76%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-25
Large Shareholding Report
EDINET
2026-09-24
Large Shareholding Report
EDINET
2026-09-07
Large Shareholding Report
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-05
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-07-23
Large Shareholding Report
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-06-04
Large Shareholding Report
EDINET
2026-05-21
Large Shareholding Report
TDnet
2026-05-11
Q1 Earnings Flash
EDINET
2026-05-07
Large Shareholding Report
EDINET
2026-03-18
Large Shareholding Report
EDINET
2026-03-18
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-03-05
Large Shareholding Report
TDnet
2025-11-11
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-10-17
Large Shareholding Report
EDINET
2025-08-15
Large Shareholding Report
EDINET
2025-08-07
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-09
Q1 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-04-07
Amended Securities Registration Statement
EDINETAmended
2025-03-17
Amended Securities Registration Statement
EDINET
2025-03-17
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINETAmended
2025-02-12
Amended Securities Registration Statement
EDINET
2024-11-29
Securities Registration Statement
EDINET
2024-08-08
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINETAmended
2024-05-02
Amended Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2024-03-18
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
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