Consolidated Financial Review for the Year Ended March 31, 2005 about THK(PIC)
2005/05/23*Forward-Looking Statements: This release contains forward-looking statements that are based on management’s estimates, assumptions and projections at the time of release. Some factors, which include, but are not limited to, the risks and uncertainty associated with the worldwide economy, competitive activity and currency fluctuation, could cause actual results to differ materially from expectations. Note to the Financial Information: This is summarized and translated financial information that the Company posted to the Tokyo Stock Exchange in accordance with their rules that governs the disclosure of financial information. The Company maintains an Internet website at www.thk.co.jp. The Company makes available free of charge on the website its financial information in Japanese language. Those information translated in English language will be disclosed as soon as reasonably practicable after disclosing materials in Japanese language. Status of the Corporate Group The company’s business group consists of twenty-three subsidiaries and three affiliated companies, which engage in the manufacture and distribution of the subcomponents of equipment and machinery, centering on linear motion systems, ball screws, and spherical joints. These products are manufactured by the company itself, as well as by THK NIIGATA CO., LTD., and DAITO SEIKI CO., LTD., in Japan, and by THK Manufacturing of America, Inc., THK Neturen America, L.L.C., THK Manufacturing of Europe S.A.S., PGM Ballscrews Ireland Ltd., DALIAN THK CO., LTD., THK MANUFACUTURING OF CHINA (WUXI) CO., LTD., and SAMICK LMS CO., LTD in foreign countries. The company sells these products through its own distribution channels, TALK SYSTEM CO., LTD., and DAITO SEIKI CO., LTD., in Japan, and using its own sales channels, THK America, Inc., THK Europe B.V., THK GmbH, THK France S.A.S., THK TAIWAN CO., LTD, THK (SHANGHAI) CO., LTD. and SAMICK LMS CO., LTD., in foreign countries. A diagram of the main THK Group companies is as follows: