AOI Electronics (6832) Q2 2024 earnings summary

Executive summary

• H1 FY2024 revenue fell 17.3% YoY to ¥17,076m; operating, ordinary and net results turned to losses amid weaker demand and lower sales.

• Full-year revenue plan is ¥35,300m, with H1 progress at 48.4%.

Financial highlights

• Revenue was ¥17,076m, down ¥3,581m YoY; gross profit fell to ¥1,302m from ¥3,359m.

• Operating loss was ¥789m versus operating profit of ¥1,102m YoY; ordinary loss was ¥646m versus profit of ¥1,409m.

• Net loss was ¥657m versus net income of ¥972m YoY.

• Gross margin was 7.6% versus 16.3%; operating margin was -4.6% versus 5.3%; ordinary margin was -3.8% versus 6.8%.

Outlook and guidance

• FY2024 plan: revenue ¥35,300m, operating loss ¥900m, ordinary loss ¥900m and net loss ¥930m.

• H1 revenue represented 48.4% of the full-year plan.