Reported Earnings • May 09
First quarter 2026 earnings released: JP¥36.05 loss per share (vs JP¥24.44 loss in 1Q 2025) First quarter 2026 results: JP¥36.05 loss per share (further deteriorated from JP¥24.44 loss in 1Q 2025). Revenue: JP¥949.0m (up 35% from 1Q 2025). Net loss: JP¥379.0m (loss widened 45% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • May 08
THine Electronics, Inc. to Report Q1, 2026 Results on May 08, 2026 THine Electronics, Inc. announced that they will report Q1, 2026 results on May 08, 2026 New Risk • May 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.5% average weekly change). Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥13.6b market cap, or US$86.6m). New Risk • Mar 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (JP¥9.58b market cap, or US$60.3m). Reported Earnings • Feb 07
Full year 2025 earnings released: JP¥31.29 loss per share (vs JP¥31.74 profit in FY 2024) Full year 2025 results: JP¥31.29 loss per share (down from JP¥31.74 profit in FY 2024). Revenue: JP¥4.64b (flat on FY 2024). Net loss: JP¥334.0m (down 199% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Feb 05
THine Electronics, Inc., Annual General Meeting, Mar 26, 2026 THine Electronics, Inc., Annual General Meeting, Mar 26, 2026. Announcement • Feb 02
THine Electronics, Inc. Announces Its Optical DSP-Free Chipset, Best Suited for " slow and Wide" Interconnection in Scale-Up AI Networks of the Next Generation THine Electronics, Inc. announced its optical DSP(digital signal processor)-free chipset with its ZERO EYE SKEW®? technology for short-reach optical interconnect of PCI Express7 (PCIe7) 2TB/s linear pluggable optics (LPO) or co-packaged optics (CPO), enabling to save power by 73% and lower latency by 90%. THine plans to deliver its optical DSP-free chipset samples of vertical-cavity surface-emitting lasers (VCSEL) driver and transport amplifier (TIA) for PCIe7 in 2027 and samples for PCIe6 in 2026 as well as its "Sideband Aggregator" IC samples in 2026. These VCSEL drivers and TIAs are developed with support from the grant program (No.JPJ012368G70601) by National Institute of Information and Communications Technology (NICT), Japan. THine has developed its ZERO EYE SKew®? technology for PCIe6/7 for " slow and wide" interconnections in scale-up AI networks that enable to eliminate optical DSP from optical links, achieving cost-effective, lower latency, high-density, and power efficient short-reach solution of the next-generation. Many optical interconnects, including PCIe6/7, have several GPIO lines, called "sideband" and THine's new solution, "Sideband Aggregator' IC (THCS255) enables to reduce such GPIO lines into half or less, empowered by its high-speed serial technology. THine will exhibit such solution at 2026 Optical Fiber Communications Conference and Exhibition (OFC2026) at Los Angeles Convention Center in Los Angeles, California, March 17th ~ 19th, at West Hall 4575. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 March 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). New Risk • Nov 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 26x earnings per share. Paying a dividend despite having no free cash flows. High level of non-cash earnings (27% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥8.48b market cap, or US$55.3m). Reported Earnings • Nov 07
Third quarter 2025 earnings released: JP¥6.83 loss per share (vs JP¥33.24 loss in 3Q 2024) Third quarter 2025 results: JP¥6.83 loss per share (improved from JP¥33.24 loss in 3Q 2024). Revenue: JP¥1.10b (up 15% from 3Q 2024). Net loss: JP¥73.0m (loss narrowed 79% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Nov 05
THine Electronics, Inc. (TSE:6769) announces an Equity Buyback for 200,000 shares, representing 1.87% for ¥200 million. THine Electronics, Inc. (TSE:6769) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares , representing 1.87% of its issued share capital, for ¥200 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and return profits to shareholders. The program is valid till December 19, 2025. As of September 30, 2025, the company had 10,712,363 issued shares (excluding treasury stock) and 1,627,737 shares in treasury stock. Announcement • Oct 21
THine Electronics, Inc. to Report Q3, 2025 Results on Nov 05, 2025 THine Electronics, Inc. announced that they will report Q3, 2025 results on Nov 05, 2025 New Risk • Aug 26
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (JP¥9.20b market cap, or US$62.3m). Reported Earnings • Aug 08
Second quarter 2025 earnings released: JP¥18.24 loss per share (vs JP¥13.68 profit in 2Q 2024) Second quarter 2025 results: JP¥18.24 loss per share (down from JP¥13.68 profit in 2Q 2024). Revenue: JP¥811.0m (down 28% from 2Q 2024). Net loss: JP¥195.0m (down 234% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Announcement • Jul 23
THine Electronics, Inc. to Report Q2, 2025 Results on Aug 06, 2025 THine Electronics, Inc. announced that they will report Q2, 2025 results on Aug 06, 2025 Reported Earnings • May 08
First quarter 2025 earnings released: JP¥24.44 loss per share (vs JP¥1.22 profit in 1Q 2024) First quarter 2025 results: JP¥24.44 loss per share (down from JP¥1.22 profit in 1Q 2024). Revenue: JP¥703.0m (down 23% from 1Q 2024). Net loss: JP¥261.0m (down JP¥274.0m from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. New Risk • Apr 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥8.83b market cap, or US$60.5m). New Risk • Mar 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.7% average weekly change). High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥11.1b market cap, or US$74.2m). Announcement • Mar 18
THine Electronics, Inc. Announces Optical DSP-less Technology, Zero EYE SKEWTM for 1TB/S and 2TB/S Linear Pluggable Optical Solutions, Saving Power by 60% or More, Lowering Latency by 90% THine Electronics, Inc. announced its optical DSP (digital signal processor)-less technology, "ZERO EYE SKEWTM" for 1TB/s and 2TB/s linear pluggable optical (LPO) solutions, enabling to save power by 60% in 1.0TB/s or 80% in 2.0TB/s and to lower latency by 90%. THine will exhibit such demonstration on 2025 Optical Fiber Communications Conference and Exhibition (OFC) atoscone Center Exhibition Hall in San Francisco, California, April 1st - 3rd, at Booth 4963. By applying ZERO EYE SKEW(TM) technology, it has been shown that skew in the eye pattern opening is adjusted appropriately, maintaining excellent signal quality. (Both are eye patterns after applying 5-tap feed forward equalizer (FFE). THine has developed the new technology ZERO EYE SKEWTM for PCI Express 6.0 (PCIe6.0) and PCIe7.0 high-speed short reach multimode applications with vertical-cavity surface-emitting lasers (VCSEL). VCSEL driver products with this ZERO EYE SKEW can achieve high bandwidth toward 2.0TB/s in multi-channel and low-cost optical solutions. New Risk • Feb 08
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥9.41b market cap, or US$62.2m). Reported Earnings • Feb 06
Full year 2024 earnings released: EPS: JP¥31.74 (vs JP¥6.37 loss in FY 2023) Full year 2024 results: EPS: JP¥31.74 (up from JP¥6.37 loss in FY 2023). Revenue: JP¥4.61b (down 8.1% from FY 2023). Net income: JP¥339.0m (up JP¥408.0m from FY 2023). Profit margin: 7.3% (up from net loss in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Announcement • Feb 05
THine Electronics, Inc., Annual General Meeting, Mar 28, 2025 THine Electronics, Inc., Annual General Meeting, Mar 28, 2025. Announcement • Jan 21
THine Electronics, Inc. to Report Q4, 2024 Results on Feb 05, 2025 THine Electronics, Inc. announced that they will report Q4, 2024 results on Feb 05, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 12 March 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.7%). Reported Earnings • Nov 03
Third quarter 2024 earnings released: JP¥33.24 loss per share (vs JP¥10.78 loss in 3Q 2023) Third quarter 2024 results: JP¥33.24 loss per share (further deteriorated from JP¥10.78 loss in 3Q 2023). Revenue: JP¥953.0m (down 4.4% from 3Q 2023). Net loss: JP¥355.0m (loss widened 203% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Announcement • Oct 22
THine Electronics, Inc. to Report Q3, 2024 Results on Nov 01, 2024 THine Electronics, Inc. announced that they will report Q3, 2024 results on Nov 01, 2024 Announcement • Jul 17
THine Electronics, Inc. to Report Q2, 2024 Results on Aug 02, 2024 THine Electronics, Inc. announced that they will report Q2, 2024 results on Aug 02, 2024 Reported Earnings • May 08
First quarter 2024 earnings released: EPS: JP¥1.22 (vs JP¥6.91 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.22 (down from JP¥6.91 in 1Q 2023). Revenue: JP¥917.0m (down 34% from 1Q 2023). Net income: JP¥13.0m (down 83% from 1Q 2023). Profit margin: 1.4% (down from 5.4% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. Announcement • Apr 17
THine Electronics, Inc. to Report Q1, 2024 Results on May 07, 2024 THine Electronics, Inc. announced that they will report Q1, 2024 results on May 07, 2024 Reported Earnings • Feb 04
Full year 2023 earnings released: JP¥6.37 loss per share (vs JP¥75.74 profit in FY 2022) Full year 2023 results: JP¥6.37 loss per share (down from JP¥75.74 profit in FY 2022). Revenue: JP¥5.02b (down 8.0% from FY 2022). Net loss: JP¥69.0m (down 108% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 04
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥916. The fair value is estimated to be JP¥750, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company became loss making. Announcement • Feb 04
THine Electronics, Inc., Annual General Meeting, Mar 27, 2024 THine Electronics, Inc., Annual General Meeting, Mar 27, 2024. Announcement • Jan 17
THine Electronics, Inc. to Report Fiscal Year 2023 Results on Feb 02, 2024 THine Electronics, Inc. announced that they will report fiscal year 2023 results on Feb 02, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥15.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 14 March 2024. Payout ratio is a comfortable 9.1% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%). Reported Earnings • Nov 04
Third quarter 2023 earnings released: JP¥10.78 loss per share (vs JP¥16.71 profit in 3Q 2022) Third quarter 2023 results: JP¥10.78 loss per share (down from JP¥16.71 profit in 3Q 2022). Revenue: JP¥997.0m (down 27% from 3Q 2022). Net loss: JP¥117.0m (down 165% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
THine Electronics, Inc. (TSE:6769) announces an Equity Buyback for 150,000 shares, representing 1.38% for ¥150 million. THine Electronics, Inc. (TSE:6769) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares , representing 1.38% of its issued share capital, for ¥150 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and return profits to shareholders. The program is valid till December 8, 2023. As of September 30, 2023, the company had 10,851,063 issued shares (excluding treasury stock) and 1,489,037 shares in treasury stock. Announcement • Oct 18
THine Electronics, Inc. to Report Q3, 2023 Results on Nov 02, 2023 THine Electronics, Inc. announced that they will report Q3, 2023 results on Nov 02, 2023 New Risk • Aug 05
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.4% Last year net profit margin: 22% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (7.4% net profit margin). Market cap is less than US$100m (JP¥9.57b market cap, or US$67.5m). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: JP¥8.76 (vs JP¥35.13 in 2Q 2022) Second quarter 2023 results: EPS: JP¥8.76 (down from JP¥35.13 in 2Q 2022). Revenue: JP¥1.06b (down 2.6% from 2Q 2022). Net income: JP¥95.0m (down 75% from 2Q 2022). Profit margin: 9.0% (down from 35% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 09
First quarter 2023 earnings released: EPS: JP¥6.91 (vs JP¥18.21 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.91 (down from JP¥18.21 in 1Q 2022). Revenue: JP¥1.39b (up 14% from 1Q 2022). Net income: JP¥75.0m (down 62% from 1Q 2022). Profit margin: 5.4% (down from 16% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: JP¥75.74 (vs JP¥67.25 in FY 2021) Full year 2022 results: EPS: JP¥75.74 (up from JP¥67.25 in FY 2021). Revenue: JP¥5.46b (up 23% from FY 2021). Net income: JP¥820.0m (up 13% from FY 2021). Profit margin: 15% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
THine Electronics, Inc., Annual General Meeting, Mar 29, 2023 THine Electronics, Inc., Annual General Meeting, Mar 29, 2023. Reported Earnings • Feb 04
Full year 2022 earnings released: EPS: JP¥75.74 (vs JP¥67.25 in FY 2021) Full year 2022 results: EPS: JP¥75.74 (up from JP¥67.25 in FY 2021). Revenue: JP¥5.46b (up 23% from FY 2021). Net income: JP¥820.0m (up 13% from FY 2021). Profit margin: 15% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jan 18
THine Electronics, Inc. to Report Fiscal Year 2022 Results on Feb 03, 2023 THine Electronics, Inc. announced that they will report fiscal year 2022 results on Feb 03, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 10 March 2023. Payout ratio is a comfortable 9.1% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.4%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥16.71 (vs JP¥16.37 in 3Q 2021) Third quarter 2022 results: EPS: JP¥16.71 (up from JP¥16.37 in 3Q 2021). Revenue: JP¥1.36b (up 4.1% from 3Q 2021). Net income: JP¥181.0m (up 2.3% from 3Q 2021). Profit margin: 13% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 9 non-independent directors. Director Katsuyuki Shibuya was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: JP¥16.71 (vs JP¥16.37 in 3Q 2021) Third quarter 2022 results: EPS: JP¥16.71 (up from JP¥16.37 in 3Q 2021). Revenue: JP¥1.36b (up 4.1% from 3Q 2021). Net income: JP¥181.0m (up 2.3% from 3Q 2021). Profit margin: 13% (in line with 3Q 2021). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,139, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 9x in the Semiconductor industry in Japan. Total returns to shareholders of 29% over the past three years. Announcement • Oct 19
THine Electronics, Inc. to Report Q3, 2022 Results on Nov 02, 2022 THine Electronics, Inc. announced that they will report Q3, 2022 results on Nov 02, 2022 Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: JP¥35.13 (vs JP¥15.26 in 2Q 2021) Second quarter 2022 results: EPS: JP¥35.13 (up from JP¥15.26 in 2Q 2021). Revenue: JP¥1.08b (up 3.2% from 2Q 2021). Net income: JP¥380.0m (up 130% from 2Q 2021). Profit margin: 35% (up from 16% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jul 22
THine Electronics, Inc. to Report Q2, 2022 Results on Aug 04, 2022 THine Electronics, Inc. announced that they will report Q2, 2022 results on Aug 04, 2022 Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,234, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 10x in the Semiconductor industry in Japan. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥896, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 10x in the Semiconductor industry in Japan. Negligible returns to shareholders over past three years. Reported Earnings • May 11
First quarter 2022 earnings released: EPS: JP¥18.21 (vs JP¥6.29 in 1Q 2021) First quarter 2022 results: EPS: JP¥18.21 (up from JP¥6.29 in 1Q 2021). Revenue: JP¥1.22b (up 50% from 1Q 2021). Net income: JP¥197.0m (up 190% from 1Q 2021). Profit margin: 16% (up from 8.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 8 non-independent directors. Independent External Director Yutaka Funada was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 20
THine Electronics, Inc. to Report Q1, 2022 Results on May 10, 2022 THine Electronics, Inc. announced that they will report Q1, 2022 results on May 10, 2022 Announcement • Feb 09
THine Electronics, Inc., Annual General Meeting, Mar 25, 2022 THine Electronics, Inc., Annual General Meeting, Mar 25, 2022. Reported Earnings • Feb 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥67.25 (up from JP¥64.48 loss in FY 2020). Revenue: JP¥4.44b (up 54% from FY 2020). Net income: JP¥727.0m (up JP¥1.42b from FY 2020). Profit margin: 16% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 12 March 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.5%). Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS JP¥16.37 (vs JP¥14.62 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.31b (up 86% from 3Q 2020). Net income: JP¥177.0m (up JP¥335.0m from 3Q 2020). Profit margin: 14% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS JP¥15.26 (vs JP¥6.48 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥1.05b (up 8.4% from 2Q 2020). Net income: JP¥165.0m (up JP¥235.0m from 2Q 2020). Profit margin: 16% (up from net loss in 2Q 2020). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 09
First quarter 2021 earnings released: EPS JP¥6.29 (vs JP¥9.25 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥814.0m (up 45% from 1Q 2020). Net income: JP¥68.0m (up JP¥168.0m from 1Q 2020). Profit margin: 8.4% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Feb 09
THine Electronics, Inc., Annual General Meeting, Mar 26, 2021 THine Electronics, Inc., Annual General Meeting, Mar 26, 2021. Reported Earnings • Feb 08
Full year 2020 earnings released: JP¥64.48 loss per share (vs JP¥17.02 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: JP¥2.88b (down 41% from FY 2019). Net loss: JP¥697.0m (down 479% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 08
Revenue behind estimates Revenue missed analyst estimates by 0.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 39%, compared to a 11% growth forecast for the Semiconductor industry in Japan. Announcement • Jan 24
THine Electronics, Inc. to Report Fiscal Year 2020 Results on Feb 05, 2021 THine Electronics, Inc. announced that they will report fiscal year 2020 results on Feb 05, 2021 Is New 90 Day High Low • Jan 18
New 90-day high: JP¥760 The company is up 2.0% from its price of JP¥747 on 20 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 46% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: JP¥14.62 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: JP¥703.0m (down 44% from 3Q 2019). Net loss: JP¥158.0m (down 266% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 15
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 41%. Earnings per share (EPS) exceeded analyst estimates by 131%. Over the next year, revenue is forecast to grow 16%, compared to a 6.4% growth forecast for the Semiconductor industry in Japan. Is New 90 Day High Low • Nov 09
New 90-day low: JP¥670 The company is down 19% from its price of JP¥832 on 11 August 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 14% over the same period. Analyst Estimate Surprise Post Earnings • Nov 08
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 41%. Earnings per share (EPS) exceeded analyst estimates by 131%. Over the next year, revenue is forecast to grow 16%, compared to a 6.1% growth forecast for the Semiconductor industry in Japan. Reported Earnings • Nov 08
Third quarter 2020 earnings released: JP¥14.62 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: JP¥703.0m (down 44% from 3Q 2019). Net loss: JP¥158.0m (down 266% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 20
New 90-day low: JP¥747 The company is down 14% from its price of JP¥871 on 22 July 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is up 1.0% over the same period. Announcement • Jul 26
THine Electronics, Inc. to Report Q2, 2020 Results on Aug 07, 2020 THine Electronics, Inc. announced that they will report Q2, 2020 results on Aug 07, 2020