Komori
Earnings6769THine Electronics,Inc.Electrical Equipment and Precision Instruments

Summary of Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)

First-quarter net sales increased 35.0% year on year, driven by higher shipments of products for smart meters in the AIOT business. Meanwhile, higher expenses, including research and development investment, resulted in an operating loss of ¥410 million.

Worth reading
47Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
35
Year-on-year revenue growth (%)
Wording
Conditional
How definitive the wording is.

Results for this period

First quarter1 January 2026–31 March 2026ConsolidatedJapanese GAAP
Net Sales949¥ millionYear on year +35.0%Progress 14.2%
Operating profit-410¥ million
Ordinary income-361¥ million
Net income attributable to owners of the parent-379¥ million

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share−¥36.11
Financial position at period-end
Total assets9,513¥ million
of which net assets 8,455 ¥ millionEquity ratio 86.9%vs. prior year-end -3.5pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+634,096
Investment-6,846
Financials-160,685
Net change+466,565

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ thousand).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥6,952,046 thousand
Segment revenueLSI Business ¥360 million (YoY -25.8%), AIOT Business ¥588 million (YoY +171.0%)
Segment profitLSI Business ¥-400 million, AIOT Business ¥-10 million
Regional salesRegion Japan / Current fiscal year ¥688,144 thousand / Prior-year period ¥421,855 thousand, Region South Korea / Current fiscal year ¥24,761 thousand / Prior-year period ¥34,190 thousand, Region Taiwan / Current fiscal year ¥24,407 thousand / Prior-year period ¥26,916 thousand, Region China / Current fiscal year ¥118,815 thousand / Prior-year period ¥141,280 thousand, Region United States and other / Current fiscal year ¥93,475 thousand / Prior-year period ¥78,954 thousand
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥6,695 million (YoY +44.3%)
Operating profit¥13 million
Ordinary income¥85 million
Net income¥3 million
Annual Dividend Forecast¥15 → ¥15(0.0%)
Factors Behind Changes in Business Performance

In the AIOT business, shipments of products for smart meters increased steadily, and sales of communications module products rose 273% year on year. In the LSI business, the domestic market, particularly demand for OA equipment, was sluggish. Selling, general and administrative expenses increased due to higher research and development investment, while a foreign exchange gain of ¥50 million was recorded due to the weaker yen.

Disclosure regarding the going concern assumption

No applicable matters

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Impairment lossNot applicable (impairment losses on fixed assets by reporting segment)
Breakdown of extraordinary income (loss)Extraordinary income Gain on reversal of subscription rights to shares ¥2,288 thousand / Extraordinary loss Not disclosed
Depreciation and amortization¥14,824 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End12,340,100 Shares
Treasury Shares at Period-End1,827,737 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFirst quarter
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 January 2026–31 March 2026
Net Sales¥949 million (YoY +35.0%)
Operating profit¥-410 million
Ordinary income¥-361 million
Profit attributable to owners of the parent¥-379 million
Net income per share−¥36.11
Equity ratioEnd of the current fiscal period 86.9 / End of previous period 90.4
Total assets¥9,513 million
Net assets¥8,455 million
Cash flows from operating activities¥634,096 thousand
Cash flows from investing activities¥-6,846 thousand
Cash flows from financing activities¥-160,685 thousand
Cash and cash equivalents at end of period¥6,952,046 thousand
Full-year earnings forecastNet Sales ¥6,695 million (YoY +44.3%) / Operating profit ¥13 million / Ordinary income ¥85 million / Net income ¥3 million
Annual Dividend Forecast¥15 → ¥15(0.0%)
Segment revenueLSI Business ¥360 million (YoY -25.8%), AIOT Business ¥588 million (YoY +171.0%)
Segment profitLSI Business ¥-400 million, AIOT Business ¥-10 million
Regional salesRegion Japan / Current fiscal year ¥688,144 thousand / Prior-year period ¥421,855 thousand, Region South Korea / Current fiscal year ¥24,761 thousand / Prior-year period ¥34,190 thousand, Region Taiwan / Current fiscal year ¥24,407 thousand / Prior-year period ¥26,916 thousand, Region China / Current fiscal year ¥118,815 thousand / Prior-year period ¥141,280 thousand, Region United States and other / Current fiscal year ¥93,475 thousand / Prior-year period ¥78,954 thousand
Depreciation and amortization¥14,824 thousand
Impairment lossNot applicable (impairment losses on fixed assets by reporting segment)
Breakdown of extraordinary income (loss)Extraordinary income Gain on reversal of subscription rights to shares ¥2,288 thousand / Extraordinary loss Not disclosed
Disclosure regarding the going concern assumptionNo applicable matters
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End12,340,100 Shares
Treasury Shares at Period-End1,827,737 Shares
Factors Behind Changes in Business PerformanceIn the AIOT business, shipments of products for smart meters increased steadily, and sales of communications module products rose 273% year on year. In the LSI business, the domestic market, particularly demand for OA equipment, was sluggish. Selling, general and administrative expenses increased due to higher research and development investment, while a foreign exchange gain of ¥50 million was recorded due to the weaker yen.
Items this document does not state (6)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyOrders received and order backlogMaterial subsequent events

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Shipments of products for smart meters increased steadily in the AIOT business, while demand for OA equipment in the domestic market was sluggish in the LSI business. In addition, selling, general and administrative expenses increased as a result of active strategic investment in research and development aimed at achieving the medium-term management strategy.

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Summary of Financial Results for the First Quarter of the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated) | THine Electronics,Inc. (6769) timely disclosure | Komori