Thine Electronics revises FY2026 forecasts due to strong AIOT product sales

TOKYO, Jul 21 (Pulse News Wire) – Thine Electronics,inc. (6769.T) revised its fiscal year 2026 earnings forecast, citing robust performance in its AIOT products.

The company reported higher-than-expected sales growth driven by increased shipments of smart meter components launched in the latter half of the previous fiscal year. For the six months ending June 30, 2026, the company now expects revenue of ¥2.508 billion, operating profit of -¥390 million, ordinary profit of -¥316 million, and net income attributable to parent shareholders of -¥333 million. This represents an upward revision compared to the initial estimates released on February 5, 2026. Cost management efforts also contributed to improved profitability, leading to better-than-projected operating results.

Additionally, THine anticipates a positive impact from foreign exchange gains and proceeds from the sale of investment securities, boosting expected earnings further. The company’s mid-term strategy, “Innovate¥100 million,” remains on track, aiming for consolidated sales exceeding ¥100 million by March 2027. Looking ahead, THine projects stable conditions through the remainder of the fiscal year, maintaining its previously stated outlook for full-year revenue, operating profit, and ordinary profit. However, the company plans to reflect recent special items in its interim figures, resulting in a revised forecast for net income attributable to parent shareholders.

Further adjustments will be made should significant changes occur in the business environment or performance trends.