THine Electronics, Inc. (TSE: 6769)
FY2024Q4 Business Results
and Opportunities
February 5, 2025
Mid-term Strategy from 2022 to 2024
Mid-term Strategy from 2022 to 2024
TODAY’S AGENDA
Corporate outline
Business results in FY2024Q4
The new mid-term strategy, “Innovate100”
Topics of THine Group’s
technology and solutions
Copyright © 2025 THine Electronics, Inc. All Rights Reserved. | 2 |
Mid-term Strategy from 2022 to 2024
TODAY’S AGENDA
Corporate outline
Business results in FY2024Q4
The new mid-term strategy, “Innovate100”
Topics of THine Group’s
technology and solutions
Copyright © 2025 THine Electronics, Inc. All Rights Reserved. | 3 |
Corporate outline
- Company Name
- Founder & CEO
- President & COO
- Capital
- Founded
- Incorporated
- Business Area
- Employees
Provider of unique value to the world,
de facto standard technology of high-speed interface, etc.
THine Electronics, Inc.
(listed on Tokyo Stock Exchange, code: 6769)
Tetsuya Iizuka, Ph.D Yoichiro Minami 1,175 million yen May, 1991
June, 1992 | Tetsuya Iizuka | Yoichiro Minami |
Planning, Designing and Sales of Mixed Signal LSI, Providing AI & IoT devices/Solutions,
Planning, Designing and Sales of AI/Data Server
130, consolidated as of December 31, 2024
Copyright © 2025 THine Electronics, Inc. All Rights Reserved. 4
THine team
Korea
THine Electronics Korea, Inc.
Seoul, Korea
Established in Mar. 2010
China
賽恩電子香港股份有限公司
THine Electronics Hong Kong, Co., Ltd.
Established in Nov.2012
前海赛恩电子(深圳)有限公司
THine Electronics Shenzhen, Co., Ltd.
Established in May 2013
上海分公司
Shanghai-Branch
Established in Oct.2013
Taiwan
哉英電子股份有限公司
THine Electronics Taiwan, Inc.
Taipei, Taiwan
Established in Sep. 2000
United States
THine Solutions, Inc.
Santa Clara, CA USA
Established in Feb. 2018
Tokyo – Headquarters –
Tokyo, Japan
Start-up in May 1991
Cathay Tri-Tech, Inc.
Yokohama, Japan | The company name will be changed to |
“THine MobileTeK, Inc.” in July 2025 |
Acquired in Dec., 2018
THine HyperData, Inc.
Yokohama, Japan
Establish in June 2024
Copyright © 2025 THine Electronics, Inc. All Rights Reserved. | 5 |
THine value
LSI as smart interface, AIOT as smart IoT solution, and
AI/Data Server providing computational resources
Copyright © 2025 THine Electronics, Inc. All Rights Reserved. | 6 |
Business Area
Product and solution | ||
V-by-One®HS plus | ||
V-by-One®HS | ||
LSI | LVDS | |
Biz. | Serial Transceiver IOHA:B | |
Optical Chipset (VCSEL driver, TIA) | ||
Image Signal Processor | ||
Camera Development Kit | ||
<Wireless modules> | ||
5G/LTE/NB-IoT | ||
＜AI&IoT devices and solution＞ | ||
AI & | IoT Gateway / Router | |
AI & IoT Solution | ||
IoT | ||
＜AI Server＞ | ||
Biz. | ||
AI Server with NVIDIA H100 GPU | ||
＜Data Server＞ | ||
General Server | ||
Smart NIC/Switch | ||
Application market
- Camera solution: automotive cameras, security cameras, AR/VR, recognition camera, medical cameras, etc.
- Display solution: high-resolution displays such as 8K / 4K,
gaming monitors with high refresh rate
- Drive recorders, automotive CID, exp. for EVs
- Mobile, PC, and single board computers
- OA (multi-function printers), amusement
- Industrial equipment such as inspection equipment for semiconductors and LCD displays
- AI optical computing for optical interconnect in networks of data centers
- Drive recorders with wireless modules
- AED monitoring modules
- IP transceivers
- Remote monitoring module for vending machines and elevators
- GPS tracker
- AI thermography with facial recognition
- IoT monitoring system
・AI servers and data servers for companies and AI research institutes though ODM/OEM
Copyright © 2025 THine Electronics, Inc. All Rights Reserved. | 7 |
Mid-term Strategy from 2022 to 2024
TODAY’S AGENDA
Corporate outline
Business results in FY2024Q4
The new mid-term strategy, “Innovate100”
Topics of THine Group’s
technology and solutions
Copyright © 2025 THine Electronics, Inc. All Rights Reserved. | 8 |
Financial performance in FY2024 (12M)
Consolidated financial results
（yen in million）
FY2024 (12M) | FY2023 (12M) | |||||
Portion% | YoY | Portion% | ||||
Revenues | 4,614 | 100.0 | 91.9 | 5,018 | 100.0 | |
Gross Profit | 2,528 | 54.8 | 103.8 | 2,435 | 48.5 | |
SG&A | 2,500 | 54.2 | 101.0 | 2,476 | 49.3 | |
(R&D expenses) | 1,154 | 25.0 | 104.8 | 1,102 | 22.0 | |
Operating Income | 28 | 0.6 | ― | △ | △0.8 | |
40 | ||||||
(EBITDA) | 125 | 2.7 | 72.2 | 173 | 3.5 | |
Ordinary Income | 264 | 5.7 | 368.8 | 71 | 1.4 | |
(Reference purpose only） | 32 | 0.7 | ― | △32 | △0.7 | |
Ordinary Income without FX effects | ||||||
Net Income Attributable to | 339 | 7.4 | ― | △69 | △1.4 | |
Owners of the Parent | ||||||
Copyright © 2025 THine Electronics, Inc. All Rights Reserved. 9 |
Financial performance in FY2024 (12M) by region and segment
Revenues by region
(unit: yen in million)
5,000 | 6% | |
8% | 8% | |
3% | ||
4,000 | 2% | |
Decreased | 19% | |
by 8％ | 2% | |
3% | ||
3,000 | ||
81% | ||
2,000 | ||
68% |
1,000
0
FY2023FY2024
Japan | Korea | Taiwan | China | 米国 | ||||
yen in | LSI Biz | AIOT Biz | ||||||
million | ||||||||
3,000 | Revenues | |||||||
2,500 | Decreased | Gross profit | ||||||
by 8％ | Operating income | |||||||
2,000 | EBITDA | |||||||
1,500 | * Gross profit | Decreased | ||||||
increased | by 8％ | |||||||
1,000 | by 7％ | |||||||
500 | ||||||||
0 | ||||||||
FY2023 | FY2024 | FY2023 | FY2024 | |||||
△ 500 | ||||||||
LSI Biz in overseas markets such as China and the US have contributed
to increase the gross profit on a recovery trend. Sales in OA markets found some recovery cases while those in amusement markets are still affected by inventory-level adjustment, resulted in revenue decrease and gross profit increase by 7%.
AIOT Biz achieved healthy delivery of wireless communication modules to vending machines, elevators, AED (Automated External Defibrillator), etc., while customers in drive recorders reduced units and those in smart-meters postponed orders, resulted in revenue decrease by 8%.
AIOT Biz is in its profitable stage, completing its goodwill amortization in
FY2023. | Copyright © 2025 THine Electronics, Inc. All Rights Reserved. | 1 0 |