THine Electronics, Inc.
(TSE: 6769)
FY2024Q2 Business Results
and Opportunities
August 2, 2024
Mid-term Strategy from 2022 to 2024
TODAY'S AGENDA
Corporate outline
Business results in FY2024Q2
Future opportunities under mid-term strategy, "5G&Beyond-NE"
Copyright © 2024 THine Electronics, Inc. All Rights Reserved. | 2 |
TODAY'S AGENDA
Corporate outline
Business results in FY2024Q2
Future opportunities under mid-term strategy, "5G&Beyond-NE"
Copyright © 2024 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
132, consolidated as of June 30, 2024
Copyright © 2024 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
Acquired in Dec., 2018
THine HyperData, Inc.
Yokohama, Japan
Establish in June 2024
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THine value
LSI as smart interface, AIOT as smart IoT solution, and
AI/Data Server providing computational resources
Copyright © 2024 THine Electronics, Inc. All Rights Reserved. | 6 |
Business Area
Product and solution | ||
<> interface LSI> | ||
V-by-One® HS plus | ||
V-by-One® HS | ||
LSI | LVDS | |
Biz. | Serial Transceiver IOHA:B | |
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
- 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 © 2024 THine Electronics, Inc. All Rights Reserved. | 7 |
TODAY'S AGENDA
Corporate outline
Business results in FY2024Q2
Future opportunities under mid-term strategy, "5G&Beyond-NE"
Copyright © 2024 THine Electronics, Inc. All Rights Reserved. | 8 |
Financial performance in FY2024Q2(6M)
Consolidated financial results | （yen in million） | |||||
FY2024Q2 (6M) | FY2023Q2 (6M) | |||||
Portion% | YoY | Portion% | ||||
Revenues | 2,047 | 100.0 | 83.5 | 2,450 | 100.0 | |
Gross Profit | 1,086 | 53.1 | 85.4 | 1,272 | 51.9 | |
SG&A | 1,188 | 58.1 | 103.5 | 1,148 | 46.9 | |
(R&D expenses) | 564 | 27.6 | 108.6 | 519 | 21.2 | |
Operating Income | △102 | △5.0 | ― | 124 | 5.1 | |
(EBITDA) | △54 | △2.7 | ― | 227 | 9.3 | |
Ordinary Income | 156 | 7.7 | 57.2 | 273 | 11.2 | |
(Reference purpose only） | △93 | △4.6 | ― | 126 | 5.2 | |
Ordinary Income without FX effects | ||||||
Net Income Attributable to | 159 | 7.8 | 93.3 | 170 | 7.0 | |
Owners of the Parent | ||||||
Copyright © 2024 THine Electronics, Inc. All Rights Reserved. 9 |
Financial performance in FY2024Q2(6M) by region and segment
Revenues by region
2,500 | (unit: yen in million) | ||||
7% | Decreased | ||||
8% | by 16％ | ||||
2,000 | 3% | ||||
2% | 9% | ||||
20% | |||||
1,500 | |||||
4% | |||||
3% | |||||
1,000 | |||||
80% | 64% | ||||
500 | |||||
0
FY2023Q2(6M) FY2024Q1-Q2
Japan | Korea | Taiwan | China | US | ||||
yen in | LSI Biz | AIOT Biz | |||||||
million | |||||||||
1,800 | |||||||||
Decreased by 27％ | Revenues | ||||||||
1,600 | |||||||||
Gross profit | |||||||||
1,400 | |||||||||
Operating income | |||||||||
1,200 | |||||||||
EBITDA | |||||||||
1,000 | |||||||||
Increased by 9％ | |||||||||
800 | |||||||||
600 | |||||||||
400 | |||||||||
200 | |||||||||
0 | |||||||||
FY2023 | FY2024 | FY2023 | FY2024 | ||||||
△ 200 | |||||||||
- LSI Biz added approx.20% sales to planned revenues, because of market recovery in China and US in spite of continuous inventory-level adjustment in Japanese customers.
- AIOT Biz achieved healthy delivery of wireless communication modules, resulted in planned revenue level with revenue increase by 9%.
- AIOT Biz is in its profitable stage, completing its goodwill amortization in FY2023.
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