Tachibana Eletech (8159) Q4 2024 earnings summary

Executive summary

• FY2024 revenue reached ¥231.0bn, the second consecutive year above ¥200bn; operating, ordinary and net income all set records.

Financial highlights

• Revenue was ¥231.0bn, up 1.7% YoY; operating income ¥10.7bn, ordinary income ¥11.8bn and net income attributable to owners ¥8.4bn.

• Total assets rose to ¥178.3bn from ¥153.6bn; liabilities increased to ¥85.7bn from ¥69.0bn, while net assets reached ¥92.6bn.

Outlook and guidance

• FY2025 guidance: revenue ¥228.0bn, down 1.3%; operating income ¥10.0bn, ordinary income ¥10.1bn and net income ¥7.0bn.

• Forecast EPS is ¥291.94, down ¥55.33 from FY2024.

• Priorities include responding early to shifts in supply-demand, customer investment and production plans; accelerating office automation and cost reduction.