Trend Micro Inc S/Adr (TMICY) Q4 2024 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Trend Micro Incorporated.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.537 -- 00:00:06.228 more or less as expected. And then below that, we have operating income of 8.8% 00:00:06.228 -- 00:00:10.271 and 13%. This is 00:00:10.636 -- 00:00:15.665 compared to the previous quarter. It is a lot lower, and 00:00:15.665 -- 00:00:19.032 I'm sure that we'll get questions about this. 00:00:19.032 -- 00:00:24.263 And in the purple part, you can see the answer, pre-capped numbers. 00:00:24.263 -- 00:00:26.045 So 00:00:26.045 -- 00:00:31.271 more than 100 billion in terms of net sales, up by 30% a year, 00:00:31.271 -- 00:00:36.457 pre-gap operating income was at 41.1 billion 00:00:36.457 -- 00:00:38.139 yen. 00:00:38.139 -- 00:00:40.281 Now the variable 00:00:40.281 -- 00:00:45.768 revenue, so this is related to the pre-gap 00:00:45.768 -- 00:00:49.610 revenue as well as the profit increase, so this is a biggest factor. 00:00:49.610 -- 00:00:55.035 pre-gap performance was very strong. And this is why the variable 00:00:55.035 -- 00:00:57.035 formulation 00:00:57.878 -- 00:01:01.801 changed. So the difference 00:01:01.801 -- 00:01:05.044 between pre-gap and non-pre-gap is quite big. 00:01:05.044 -- 00:01:08.968 But I'm sure that Kevin Simpson will explain this more in detail later on. 00:01:08.968 -- 00:01:12.131 So I would like to move on to the next part. 00:01:12.131 -- 00:01:16.815 There are some negative factors. Outside 00:01:16.815 -- 00:01:22.399 of Japan, for consumer business, we are outsourcing their online settlement payment. 00:01:22.399 -- 00:01:26.934 And the outsourcer, Little River in the United 00:01:26.934 -- 00:01:28.439 States, 00:01:28.439 -- 00:01:33.035 had a problem with its financing funding. and 00:01:33.035 -- 00:01:38.342 recovery of accounts receivable became impossible, which translated 00:01:38.342 --...