TOKYO, Jun 01 (Pulse News Wire) – THK CO.,LTD. (6481.T) completed the transfer of its subsidiaries THK Rhythm, THK Rhythm Automotive Canada Limited, THK Rhythm Automotive Czech a.s., THK Rhythm Automotive GmbH, and THK Rhythm Automotive Michigan Corporation, along with associated debt, to a special purpose company indirectly funded by a fund managed by Advantage Partners.
The transaction was finalized on June 01, 2026. As a result of this transfer, the aforementioned subsidiaries will be excluded from THK's consolidated financial statements. The impact of this transaction was previously disclosed in the December 2025 fiscal period results.
Any further significant developments related to this transaction will be promptly communicated. THK’s CFO, Kenji Nakane, stated that the company remains committed to optimizing its portfolio structure through strategic divestitures. The transferred entities will continue their operations independently under the management of the acquiring entity.
🟡 Confidence: Standard AI-translated content.