THK Co (JP:6481) has released an update.
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THK CO., LTD. reported stronger-than-expected financial results for the first half of 2024, with actual revenues and profits significantly exceeding forecasts due to higher demand in the industrial machinery business and a weaker yen. Revenue outperformed forecasts by 6.4% on a consolidated basis and 4.0% non-consolidated, while earnings per share saw a striking increase of 50.3% and 158.1% respectively.
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