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 corporate philosophy is "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—an effort 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 bases overseas. We are also adding more sales locations. In recent years we have improved our sales networks in locations such as the Chinese market, where future growth is anticipated, enabling us to quickly and accurately provide products wherever they are needed.

The development of new business areas involves expanding our business opportunities into emerging new fields. The FAI Division, which deals with automobile components, is accelerating the development of automobile-related electronics devices and increasing its global production capacity. Rhythm Corporation, a manufacturer of automobile components, joined the THK Group in May 2007, further strengthening the FAI Division's operating base. Meanwhile, seismic isolation devices have become increasingly recognized as an effective countermeasure against earthquakes. Amid the rising public interest, THK's ACE Division, which handles our seismic-isolation devices, is actively working to increase demand in the area of single-family housing.

The business climate confronting us this year is expected to be chaotic. The experts offer conflicting interpretations of macroeconomic and industrial trends; some are pessimistic while others are reassuring. Whatever the economic climate, however, THK will carry on with the ceaseless pursuit of innovation, constantly striving to increase our corporate value.

Akihiro Teramachi
President and CEO
THK CO., LTD.