THine Electronics, Inc.
(TSE: 6769)
FY2024Q3 Business Results
and Opportunities
November 1, 2024
Mid-term Strategy from 2022 to 2024
Mid-term Strategy from 2022 to 2024
TODAY’S AGENDA
Corporate outline
Business results in FY2024Q3
The mid-term strategy,
“5G&Beyond-NE”
The new mid-term strategy,
“Innovate100”
Copyright © 2024 THine Electronics, Inc. All Rights Reserved. | 2 |
Mid-term Strategy from 2022 to 2024
TODAY’S AGENDA
Corporate outline
Business results in FY2024Q3
The mid-term strategy,
“5G&Beyond-NE”
The new mid-term strategy,
“Innovate100”
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
133, consolidated as of September 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
Copyright © 2024 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 © 2024 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 | |
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 |
Mid-term Strategy from 2022 to 2024
TODAY’S AGENDA
Corporate outline
Business results in FY2024Q3
The mid-term strategy,
“5G&Beyond-NE”
The new mid-term strategy,
“Innovate100”
Copyright © 2024 THine Electronics, Inc. All Rights Reserved. | 8 |
Financial performance in FY2024Q3(9M)
Consolidated financial results | （yen in million） | |||||
FY2024Q3 (9M) | FY2023Q3 (9M) | |||||
Portion% | YoY | Portion% | ||||
Revenues | 3,000 | 100.0 | 87.0 | 3,447 | 100.0 | |
Gross Profit | 1,665 | 55.5 | 95.7 | 1,740 | 50.5 | |
SG&A | 1,867 | 62.2 | 105.5 | 1,769 | 51.3 | |
(R&D expenses) | 897 | 29.9 | 113.7 | 789 | 22.9 | |
Operating Income | △201 | △6.7 | ― | △29 | △0.8 | |
(EBITDA) | △129 | △4.3 | ― | 127 | 3.7 | |
Ordinary Income | △196 | △6.6 | ― | 173 | 5.0 | |
(Reference purpose only） | △198 | △6.6 | ― | △25 | △0.7 | |
Ordinary Income without FX effects | ||||||
Net Income Attributable to | △196 | △6.6 | ― | 53 | 1.6 | |
Owners of the Parent | ||||||
Copyright © 2024 THine Electronics, Inc. All Rights Reserved. 9 |
Financial performance in FY2024Q3(9M) by region and segment
Revenues by region
3,500 | (unit: yen in million) | ||||
5% | |||||
3,000 | 9% | ||||
3% | Decreased 15% | ||||
2% | by 16％ | ||||
2,500 | |||||
21% | |||||
2,000 | 3% | 3% | |||
1,500
81%63%
1,000
500
0
FY2023Q3(9M) FY2024Q3Q(9M)
Japan | Korea | Taiwan | China | US | |||||
yen in | LSI Biz | AIOT Biz | |||||
million | |||||||
2,500 | |||||||
Decreased | Revenues | ||||||
2,000 | by 16％ | Gross profit | |||||
Operating income | |||||||
1,500 | Decreased | ||||||
by 8％ | |||||||
1,000 | |||||||
500
0
FY2023 | FY2024 | FY2023 | FY2024 |
- 500
- LSI Biz in overseas markets such as China and the US are on a recovery trend while sales from OA and amusement in the Japanese markets are still affected by inventory-level adjustment, resulted in revenue decrease by 16%.
- AIOT Biz achieved healthy delivery of wireless communication modules to vending machines, elevators, AED (Automated External Defibrillator), etc., while some large customers such as drive recorders reduced or postpone orders, resulted in revenue decrease by 8%.
- AIOT Biz is in its profitable stage, completing its goodwill amortization in
FY2023. | Copyright © 2024 THine Electronics, Inc. All Rights Reserved. 1 0 |