THK Co Surpasses Financial Forecasts in H1 2024
Company Announcements

THK Co Surpasses Financial Forecasts in H1 2024

THK Co (JP:6481) has released an update.

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.

For further insights into JP:6481 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskTHK Co. Reports Revenue Decline Amid Global Challenges
TipRanks Japan Auto-Generated NewsdeskTHK Co. Reports Decline in 2024 Financial Performance
TipRanks Japan Auto-Generated NewsdeskTHK Co. Lowers 2024 Financial Forecasts Amid Market Challenges
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App