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THine Electronics, Inc., The Current Fiscal Year Ordinary Profit Revised Downward by 92%

Fri Nov 1, 2024 3:00 pm JST Earnings

6769 THine Electronics, Inc. 【J-GAAP】

Earnings Report

THine Electronics, Inc. <6769> [TSE-S] announced its financial results after the market closed on November 1st (15:00). The consolidated ordinary profit/loss for the cumulative third quarter of the fiscal year ending December 2024 (January to September) turned into a loss of 196 million yen (compared to a profit of 173 million yen in the same period last year).

In addition, the full-year consolidated ordinary profit has downwardly by 91.5%, from the previous forecast of 1.02 billion yen to 87 million yen (compared to 71 million yen in the previous period), leading to a reduction in the profit growth rate from 14 times to 22.5%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated ordinary profit/loss for the July to December period (second half) has been revised downward from an expected profit of 870 million yen to a loss of 69 million yen (compared to a loss of 202 million yen in the same period of the previous year), turning to a loss outlook.

In the most recent three-month period, from July to September (3Q), the consolidated ordinary loss expanded to a loss of 352 million yen (compared to a loss of 100 million yen in the same period last year). However, the operating profit/loss margin significantly improved from -14.9% in the same period last year to -10.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Sep, 2022 3,663 494 913 758 70.1 100.8 Nov 2, 2022 J-GAAP
Jan - Sep, 2023 3,477 -29 173 53 5.0 243.7 Nov 2, 2023 J-GAAP
Jan - Sep, 2024 3,000 -201 -196 -196 -18.4 ー Nov 1, 2024 J-GAAP
YoY -13.7% -593.1% － － －

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 Prev 5,160 1,126 870 585 54.8 15 Jul 16, 2024 J-GAAP
Jul - Dec, 2024 New 2,621 112 -69 -48 -4.5 15 Nov 1, 2024 J-GAAP
Revision Rate -49.2% -90.1% － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Prev 7,207 1,024 1,026 744 69.7 15 Feb 2, 2024 J-GAAP
Dec, 2024 New 4,668 10 87 111 10.4 15 Nov 1, 2024 J-GAAP
Revision Rate -35.2% -99.0% -91.5% -85.1% -85.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2023 2,568 -164 -202 -239 -22.3 15 Feb 2, 2024 J-GAAP
Jul - Dec, 2024 Guidance 2,621 112 -69 -48 -4.5 15 Nov 1, 2024 J-GAAP
YoY +2.1% － +65.8% +79.9% +79.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 5,456 601 906 820 75.8 15 Feb 3, 2023 J-GAAP
Dec, 2023 5,018 -40 71 -69 -6.4 15 Feb 2, 2024 J-GAAP
Dec, 2024 Guidance 4,668 10 87 111 10.4 15 Nov 1, 2024 J-GAAP
YoY -7.0% － +22.5% － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 1,027 -153 -100 -117 -11.0 -14.9 Nov 2, 2023 J-GAAP
Oct - Dec, 2023 1,541 -11 -102 -122 -11.4 -0.7 Feb 2, 2024 J-GAAP
Jan - Mar, 2024 917 -91 42 13 1.3 -9.9 May 7, 2024 J-GAAP
Apr - Jun, 2024 1,130 -11 114 146 13.7 -1.0 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 953 -99 -352 -355 -33.3 -10.4 Nov 1, 2024 J-GAAP
YoY -7.2% +35.3% -252.0% -203.4% -203.6%

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