AOI Electronics (6832) Q3 2024 earnings summary

Executive summary

• 9M FY2024 revenue was ¥25,518m, down 13.1% YoY; operating loss was ¥942m and net loss was ¥821m.

• Lower demand for mobile-device components, product discontinuations and weak thermal print-head orders weighed on sales.

Financial highlights

• Revenue fell ¥3,837m YoY to ¥25,518m; gross profit declined to ¥2,217m from ¥4,370m, and gross margin fell to 8.7% from 14.9%.

• Operating loss was ¥942m versus operating profit of ¥1,078m; operating margin was -3.7% versus 3.7%.

• Ordinary loss was ¥797m versus ordinary profit of ¥1,288m; net loss was ¥821m versus net income of ¥881m.

Outlook and guidance

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

• Revenue reached 72.3% of the full-year plan as of December 2023.