WinstonWınston
Back
THK Co. logo

THK Co.

THKLF
46
Industrial - Machinery · Industrials
Price
$43.57
+0.00 (+0.00%)
Market Cap
$4.88B
Exchange
Other OTC
Winston Score
46
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Mixed
Growth
Weak
Cash Flow
Weak
Stability
Strong
Valuation
Strong
Dividends
Strong

Share count falling — buybacks

10.6% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 126.4M (2021) → 113.0M (2025)

Winston Score History

The full picture

THK Co., Ltd. is a Japanese industrial company that makes precision motion components — most importantly, a product called the Linear Motion Guide, which helps machines move smoothly in a straight line. Its customers include manufacturers of factory robots, machine tools, semiconductor equipment, and medical devices. THK invented the Linear Motion Guide in 1971 and remains one of the world's leading producers of this technology.

The company earns revenue by selling these mechanical components directly to equipment makers and factories around the world. THK operates primarily in Japan but has a significant global footprint across Asia, Europe, and North America, with annual revenues roughly in the range of several hundred billion yen. Its moat comes from deep engineering expertise, long customer relationships, and the precision standards required in its end markets. The key growth driver is rising demand for factory automation and robotics, though the business is sensitive to slowdowns in capital spending by manufacturers, which can quickly reduce orders.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
35.4%
Modest — 35.4% gross margin
Profit after running costs
Operating Margin
17.8%
Healthy — 17.8% operating margin
Return on the money invested
ROCE
7.9%
Weak — 7.9% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
-38.3%
Shrinking sales (-38.3% YoY)
Profit growth
EPS YoY
-693.0%
Earnings shrinking (-693.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
10.4%
Modest free cash flow (10.4%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.51
Conservative — low debt load (0.51)
Covers its interest
Interest Cover
10.14x
Comfortably covers interest (10.1x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
19.4x
Fair value — P/E 19.4

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+19.2
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (19.4 → 0.1)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
3.52%
Moderate income — 3.52% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
+124.5%
Dividend growing fast (124.5% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial