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THK Co Ltd (47WH)

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Thursday 04 September, 2003

THK Co Ltd

Financial Forecast Revision

THK Company Limited
04 September 2003



Translation of report filed with the Tokyo Stock Exchange on September 3, 2003

THK Announces Revisions to Consolidated and Non-consolidated Earnings Projections

Tokyo, September 3, 2003 - THK Co., Ltd. (Akihiro Teramachi, President and
CEO; TSE: 6481) announced today that it has revised its earnings projections for
the first half of fiscal 2003 (April 1 through September 30, 2003), announced on
May 19, 2003. The revisions, which reflect recent changes in business
performance, are as follows.

THK has revised figures upward for both its consolidated and non-consolidated
earnings projections.

Estimates for net sales have been revised upwards reflecting improving corporate
profits and signs of a recovery in capital as well as robust sales to
THK's primary customers in the machine-tool, general-machinery and
electronics sectors.

THK has also revised its profit projections upward reflecting rising sales on
higher rates of operation at THK's plants as well as the success of
rigorous efforts to control costs.

 1. Revision to Consolidated Earnings Projections for the first half of FY2003 
    (April 1 through September 30, 2003)


                                                                                                   (Millions of yen;%)

                                                 Net Sales           Operating          Ordinary          Net Income
                                                                      Income             Income
     Previously announced projections               51,600              4,300             4,300              2,350
                    (A)
        (Announced on May 19,2003)

            Revised projections                     55,500              6,500             6,500              3,200
                    (B)

            Increase/(Decrease)                      3,900              2,200             2,200                850
                   (B-A)

           % Increase/(Decrease)                       7.6               51.2              51.2               36.2

      The first half year of FY 2002                45,308              1,754             1,508                253



 2. Revision to Non-consolidated Earnings Projections for the first half of FY2003 (April 1 through September 30, 2003)


                                                                                                    (Millions of yen;%)

                                                  Net Sales          Operating           Ordinary          Net Income
                                                                      Income              Income

     Previously announced projections               41,000              4,400             4,500              2,550
                    (A)
        (Announced on May 19,2003)

            Revised projections                     44,500              7,000             7,100              4,000
                    (B)

            Increase/(Decrease)                      3,500              2,600             2,600              1,450
                   (B-A)

           % Increase/(Decrease)                       8.5               59.1              57.8               56.9

      The first half year of FY 2002                35,724              2,716             2,796              1,522

THK plans to announce its earnings projections (consolidated and non-
consolidated) for the full year to March 2004 at the interim results briefing
scheduled for November 19, 2003.


Notice Regarding Forward Looking Statements

This release contains forward looking statements based on management's
assumptions, estimates, and projections at the time of release. The company
cautions readers that actual results may differ materially from those projected
or implied in forward-looking statements made by or on behalf of the Company due
to a variety of important factors, such as, but are not limited to the risks and
uncertainty associated with world wide economy, competitive activity, and
currency fluctuation.

Contact for Additional Information

Kotaro Yoshihara
Director/General Manager
Corporate Strategy Department
Phone: +81-3-5434-0300
Website: www.thk.co.jp




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