AOI Electronics (6832) Q4 2024 earnings summary

Executive summary

• FY2024 revenue fell 8.8% YoY to ¥33,941 million; operating loss was ¥1,548 million and net loss was ¥5,260 million.

• Weaker demand in handset and consumer-electronics components, product discontinuations, and sharply lower thermal print-head orders weighed on results.

Financial highlights

• Revenue was ¥33,941 million, down 8.8% YoY; gross profit fell 38.8% to ¥2,759 million.

• Operating loss was ¥1,548 million versus operating income of ¥158 million in FY2023; operating margin was -4.6% versus 0.4%.

• Ordinary loss was ¥1,287 million versus ordinary income of ¥501 million; net loss was ¥5,260 million versus net income of ¥14 million.

Segment performance

• Integrated Circuits revenue was ¥30,011 million, down 7.4% YoY, with lower demand for handset and consumer-electronics components; segment represented 88.4% of FY2024 sales.

• Functional Components revenue was ¥3,923 million, down 17.9% YoY, reflecting product discontinuations and markedly lower thermal print-head orders; segment represented 11.6% of sales.