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THK Co Ltd (47WH)

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Monday 06 September, 2004

THK Co Ltd

Update-Earnings Forecast

THK Company Limited
06 September 2004


THK Announces Revisions to Consolidated and Non-consolidated Earnings Projections

Tokyo, September 3, 2004 - 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 2004 (April 1 through September 30, 2004), announced
on May 20, 2004. The revisions, which reflect recent changes in business performance, are as follows.


THK has revised figures upward for its consolidated earnings projections.

As corporate profits improve and signs of a recovery in capital investment are evident, sales to all of the Company's
leading customers in machine tools, general machinery and electronics are growing steadily, and revenues are expected to
exceed the forecasted levels previously released.

At the Company's domestic plants, productivity was higher and capacity utilization levels increased together the growth
in revenues. At the Company's overseas plants as well, cost of sales declined sharply as production systems were brought
completely full-scale and utilization rates increased. As a result of these actions, earnings are also expected to be
higher than projected in the Company's previously released forecast.


1. Revision to Consolidated Earnings Projections for the first half of FY2004 (April 1 through September 30, 2004)

 (Millions of yen ;%)

                                             Net Sales          Operating           Ordinary          Net Income
                                                                   Income             Income
 Previously announced projections               74,000             13,500             13,500               7,600
                (A)
    (Announced on May, 20,2004)

        Revised projections                     77,000             16,000             16,700              10,000
                (B)

        Increase/(Decrease)                      3,000              2,500              3,200               2,400
               (B-A)

       % Increase/(Decrease)                       4.1               18.5               23.7                31.6

  The first half year of FY 2003                55,924              6,447              6,088               2,977


2. Revision to Non-consolidated Earnings Projections for the first half of FY2004 (April 1 through September 30, 2004)

(Millions of yen ;%)
                                             Net Sales          Operating           Ordinary          Net Income
                                                                   Income             Income

 Previously announced projections               61,000             12,500             12,500               7,200
                (A)
    (Announced on May, 20,2004)

        Revised projections                     63,500             14,400             15,000               9,000
                (B)

        Increase/(Decrease)                      2,500              1,900              2,500               1,800
               (B-A)

       % Increase/(Decrease)                       4.1               15.2               20.0                25.0

  The first half year of FY 2003                44,895              6,938              6,833               3,801


THK plans to announce its earnings projections (consolidated and non-consolidated) for the full year to March 2005 at
the interim results briefing scheduled for November 18, 2004.
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.com


                      This information is provided by RNS
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