Message from CEO

Striving for Greater Corporate Value  

As a company focused on creativity and development, THK uses original technology and inventive ideas to provide the world with unique new mechanisms. This approach, supported by continuous research and development, constitutes THK’s operating base. Our business philosophy is based on “ providing innovative products to the world and generating new trends to contribute to creation of an affluent society.” THK will continue its ongoing pursuit of innovation, thereby contributing to the progress of all its stakeholders.

To achieve the Long-Term Management Target of 300 billion yen in consolidated sales in fiscal 2010(this is known as the Fiscal 2010 Vision), THK is expanding the scope of its business activities through Full-Scale Globalization and the Development of New Business Areas.  

Full-Scale Globalization has entailed the construction of plants and offices in four designated zones: Japan, North America, Europe, and Asia. In keeping with the notion that the site of demand is the best place for production, we have rapidly established production based overseas. Last year, THK MANUFACTURING OF CHINA(LIAONING), our second LM guide production plant in China, began operations. We are also adding more sales locations, which will enable us to supply products in timely manner and meet the demands of the rapidly growing Chinese market.

The development of new business areas involves expanding our business opportunities into emerging new fields. The FAI Division, which deals with automobile components, will accelerate its development of automobile-related electronics devices and increase its global production capacity. At the same time, the ACE Division, which deals with seismic-isolation devices, is working aggressively to increase demand in the area of single-family housing, given the public’s rising interest in these devices.

Although the business climate was generally favorable throughout the world in 2006, this year we are confronted with confliction views of macroeconomic and industrial trends; some forecast are bleak while others are optimistic. No matter what external conditions we encounter, however, THK will carry on its pursuit of continuous innovation and strive for further growth.

Akihiro Teramachi
President and CEO
THK CO.,LTD.