Reported Earnings • May 21
First quarter 2026 earnings released: NT$0.19 loss per share (vs NT$0.56 loss in 1Q 2025) First quarter 2026 results: NT$0.19 loss per share (improved from NT$0.56 loss in 1Q 2025). Revenue: NT$2.95b (up 129% from 1Q 2025). Net loss: NT$19.0m (loss narrowed 67% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 02
Full year 2025 earnings released: NT$4.63 loss per share (vs NT$0.77 profit in FY 2024) Full year 2025 results: NT$4.63 loss per share (down from NT$0.77 profit in FY 2024). Revenue: NT$7.46b (up 46% from FY 2024). Net loss: NT$469.9m (down NT$547.6m 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 81 percentage points per year, which is a significant difference in performance. Ankündigung • Mar 03
Star Fusion Group Co., Ltd., Annual General Meeting, May 20, 2026 Star Fusion Group Co., Ltd., Annual General Meeting, May 20, 2026. Location: 2 floor no,123, sung jen rd., sinyi district, taipei city Taiwan New Risk • Nov 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 1.7% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (1.7% operating cash flow to total debt). Earnings have declined by 26% per year over the past 5 years. Reported Earnings • Nov 18
Third quarter 2025 earnings released: NT$1.20 loss per share (vs NT$0.096 loss in 3Q 2024) Third quarter 2025 results: NT$1.20 loss per share (further deteriorated from NT$0.096 loss in 3Q 2024). Revenue: NT$2.40b (up 88% from 3Q 2024). Net loss: NT$125.2m (loss widened NT$115.9m from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$0.58 (vs NT$0.016 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.58 (up from NT$0.016 in 2Q 2024). Revenue: NT$1.17b (down 2.3% from 2Q 2024). Net income: NT$60.3m (up NT$58.7m from 2Q 2024). Profit margin: 5.1% (up from 0.1% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. New Risk • May 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 163% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • May 16
First quarter 2025 earnings released: NT$0.56 loss per share (vs NT$0.17 profit in 1Q 2024) First quarter 2025 results: NT$0.56 loss per share (down from NT$0.17 profit in 1Q 2024). Revenue: NT$1.29b (down 1.8% from 1Q 2024). Net loss: NT$57.8m (down 452% 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 98 percentage points per year, which is a significant difference in performance. Ankündigung • May 07
Softstar Entertainment Inc. to Report Q1, 2025 Results on May 14, 2025 Softstar Entertainment Inc. announced that they will report Q1, 2025 results on May 14, 2025 Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$60.50, the stock trades at a trailing P/E ratio of 76.5x. Average trailing P/E is 26x in the Entertainment industry in Taiwan. Total returns to shareholders of 26% over the past three years. Ankündigung • Apr 29
Softstar Entertainment Inc. announced that it expects to receive TWD 500.2715 million in funding Softstar Entertainment Inc. announces a private placement of 23,150,000 common shares at a price of NTD 21.61 per share for gross proceeds of NTD 500,271,500 on April 28, 2025. New Risk • Apr 07
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 Taiwanese stocks, typically moving 6.4% 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 11% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.4% average weekly change). Ankündigung • Mar 19
Softstar Entertainment Inc., Annual General Meeting, Jun 05, 2025 Softstar Entertainment Inc., Annual General Meeting, Jun 05, 2025, at 09:00 Taipei Standard Time. Location: 2 floor no,123, sung jen rd., sinyi district, taipei city Taiwan Reported Earnings • Nov 19
Third quarter 2024 earnings released: NT$0.09 loss per share (vs NT$2.11 loss in 3Q 2023) Third quarter 2024 results: NT$0.09 loss per share (improved from NT$2.11 loss in 3Q 2023). Revenue: NT$1.28b (up 100% from 3Q 2023). Net loss: NT$9.32m (loss narrowed 96% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Ankündigung • Nov 06
Softstar Entertainment Inc. to Report Q3, 2024 Results on Nov 13, 2024 Softstar Entertainment Inc. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: NT$0.02 (vs NT$0.34 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.02 (up from NT$0.34 loss in 2Q 2023). Revenue: NT$1.20b (up 24% from 2Q 2023). Net income: NT$1.58m (up NT$34.5m from 2Q 2023). Profit margin: 0.1% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. New Risk • Aug 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Ankündigung • Aug 06
Softstar Entertainment Inc. to Report Q2, 2024 Results on Aug 13, 2024 Softstar Entertainment Inc. announced that they will report Q2, 2024 results on Aug 13, 2024 Board Change • Jul 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Yi-Jun Hsieh was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • May 25
Softstar Entertainment Inc Announces Executive Changes Softstar Entertainment Inc. announced the Change in COO approved by the Board of Directors of the Company. Name, title, and resume of the previous position holder: Chen,Yao-Tien/COO; Name, title, and resume of the new position holder: LI,HAO/COO. Type of change: position adjustment. Effective date: June 1, 2024. Li, Hao concurrently serves as the general manager of the Company's subsidiary, LOFTSTAR INTERACTIVE ENTERTAINMENT INC. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: NT$0.17 (vs NT$0.49 loss in 1Q 2023) First quarter 2024 results: EPS: NT$0.17 (up from NT$0.49 loss in 1Q 2023). Revenue: NT$1.32b (up 133% from 1Q 2023). Net income: NT$16.4m (up NT$64.7m from 1Q 2023). Profit margin: 1.2% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Ankündigung • May 08
Softstar Entertainment Inc. to Report Q1, 2024 Results on May 14, 2024 Softstar Entertainment Inc. announced that they will report Q1, 2024 results on May 14, 2024 Ankündigung • Apr 30
Softstar Entertainment Inc. announced that it expects to receive funding from Uniplus Electronics Co., Ltd., Chander Electronics Corp., Red Sunrise Co., Ltd., Toptrend Technologies Corp, San Jiang Electric Mfg. Co., Ltd. and other invetsors Softstar Entertainment Inc. announced a private placement to issue not more than 10,000,000 common shares on April 29, 2024. The transaction will include participation from new investors Angel Fund (Asia) Investments Limited or Director of the Company, Global Angel Investments Limited or Director of the Company, Oriental Golden Richness Ltd. or Director of the Company, Chander Electronics Corp./ sub-subsidiary, Array Networks/ sub-subsidiary, Uniplus Electronics Co., Ltd./ Subsidiary, Red Sunrise Co., Ltd./ Subsidiary, Toptrend Technologies Corp./ sub-subsidiary and SAN JIANG ELECTRIC MFG. CO., LTD./ sub-subsidiary. The transaction has been approved by the shareholders of the company and is expected to be executed three times within one year from the date of the resolution of the annual shareholders' meeting of the Company and the issuance No more than 3,000,000 shares in first installment, No more than 3,000,000 shares in second installment and No more than 4,000,000 shares in third and final installment. Reported Earnings • Apr 03
Full year 2023 earnings released: NT$3.39 loss per share (vs NT$6.25 profit in FY 2022) Full year 2023 results: NT$3.39 loss per share (down from NT$6.25 profit in FY 2022). Revenue: NT$3.26b (up 45% from FY 2022). Net loss: NT$335.1m (down 154% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Ankündigung • Mar 30
Softstar Entertainment Inc., Annual General Meeting, Jun 25, 2024 Softstar Entertainment Inc., Annual General Meeting, Jun 25, 2024. Location: Taipei International Convention Center 1 Hsin-Yi Rd., Sec.5, Taipei,Room 105 Taipei Taiwan Agenda: To consider Business Report for 2023; to consider Audit Committee Report; and to consider acknowledgement of Business Report and Financial Statements for 2023. Upcoming Dividend • Aug 21
Upcoming dividend of NT$1.47 per share at 1.8% yield Eligible shareholders must have bought the stock before 28 August 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Taiwanese dividend payers (5.6%). Lower than average of industry peers (5.8%). Reported Earnings • Aug 17
Second quarter 2023 earnings released: NT$0.40 loss per share (vs NT$0.28 profit in 2Q 2022) Second quarter 2023 results: NT$0.40 loss per share (down from NT$0.28 profit in 2Q 2022). Revenue: NT$968.9m (up 41% from 2Q 2022). Net loss: NT$33.0m (down 241% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 12
Softstar Entertainment Inc. Announces Cash Dividend for the Year 2022, Payable on September 28, 2023 Softstar Entertainment Inc. announced cash dividend for the year 2022 of TWD 127,129,439 (per share can be allocated with TWD 1.47101465). Ex-rights (Ex-dividend) date is August 28, 2023. Ex-rights (Ex-dividend) record date is September 3, 2023. Payment date of cash dividend distribution is September 28, 2023. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to NT$95.50, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 18x in the Entertainment industry in Taiwan. Total returns to shareholders of 116% over the past three years. New Risk • Jun 27
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 Taiwanese stocks, typically moving 7.8% 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 (7.8% average weekly change). High level of non-cash earnings (85% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (18% net profit margin). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to NT$91.60, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 20x in the Entertainment industry in Taiwan. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$76.20, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 15x in the Entertainment industry in Taiwan. Total returns to shareholders of 104% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 18% share price gain to NT$59.20, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 14x in the Entertainment industry in Taiwan. Total returns to shareholders of 17% over the past three years. Reported Earnings • Nov 19
Third quarter 2022 earnings released: NT$0.43 loss per share (vs NT$0.029 loss in 3Q 2021) Third quarter 2022 results: NT$0.43 loss per share (further deteriorated from NT$0.029 loss in 3Q 2021). Revenue: NT$558.5m (up 405% from 3Q 2021). Net loss: NT$35.6m (loss widened NT$33.2m from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to NT$49.80, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 16x in the Entertainment industry in Taiwan. Total loss to shareholders of 24% over the past three years. Upcoming Dividend • Sep 06
Upcoming dividend of NT$3.00 per share Eligible shareholders must have bought the stock before 13 September 2022. Payment date: 17 October 2022. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (6.1%). Ankündigung • Aug 27
Softstar Entertainment Inc. Announces Cash Dividend, Payable on October 17, 2022 Softstar Entertainment Inc. announced cash dividend of TWD 196,760,673. Ex-rights (Ex-dividend) date is September 13, 2022. Ex-rights (Ex-dividend) record date is September 19, 2022. Payment date of cash dividend distribution is October 17, 2022. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: NT$0.39 (vs NT$0.10 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.39 (up from NT$0.10 in 2Q 2021). Revenue: NT$689.2m (up 329% from 2Q 2021). Net income: NT$25.2m (up 267% from 2Q 2021). Profit margin: 3.7% (down from 4.3% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 37% 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 • Jul 13
Investor sentiment improved over the past week After last week's 16% share price gain to NT$80.30, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 12x in the Entertainment industry in Taiwan. Total returns to shareholders of 12% over the past three years. Ankündigung • Jul 02
Softstar Entertainment Inc. Announcement of the Change of the COO Softstar Entertainment Inc. announced the position adjustment of LIEN,CHIEN-CHIN, Vice President, COO, of the company. Effective date: July 30, 2022. Reported Earnings • May 17
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: NT$2.17 (up from NT$0.45 loss in 1Q 2021). Revenue: NT$404.3m (up 251% from 1Q 2021). Net income: NT$139.9m (up NT$169.3m from 1Q 2021). Profit margin: 35% (up from net loss in 1Q 2021). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Over the last 3 years on average, earnings per share has increased by 26% 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 • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Pi-Lien Hung was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NT$11.36 (up from NT$0.88 in FY 2020). Revenue: NT$559.4m (up 2.6% from FY 2020). Net income: NT$743.6m (up NT$686.7m from FY 2020). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 3.2%. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. Reported Earnings • Nov 17
Third quarter 2021 earnings released: NT$0.04 loss per share (vs NT$0.30 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: NT$110.7m (up 4.1% from 3Q 2020). Net loss: NT$2.49m (loss narrowed 87% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Oct 20
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 27 October 2021. Payment date: 01 December 2021. Trailing yield: 0.3%. Lower than top quartile of Taiwanese dividend payers (5.3%). Lower than average of industry peers (5.9%). Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS NT$0.11 (vs NT$0.16 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: NT$160.5m (up 11% from 2Q 2020). Net income: NT$6.87m (down 31% from 2Q 2020). Profit margin: 4.3% (down from 6.9% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2021 earnings released: NT$0.47 loss per share (vs NT$0.53 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: NT$115.4m (down 23% from 1Q 2020). Net loss: NT$29.4m (down 189% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorated over the past week After last week's 17% share price decline to NT$53.80, the stock trades at a trailing P/E ratio of 59.1x. Average trailing P/E is 37x in the Entertainment industry in Taiwan. Total loss to shareholders of 28% over the past three years. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS NT$0.91 (vs NT$5.29 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$545.4m (down 3.6% from FY 2019). Net income: NT$56.9m (down 83% from FY 2019). Profit margin: 10% (down from 58% in FY 2019). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 18
New 90-day low: NT$65.40 The company is down 2.0% from its price of NT$67.02 on 20 November 2020. The Taiwanese market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: NT$69.70 The company is up 21% from its price of NT$57.42 on 25 September 2020. The Taiwanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 1.0% over the same period. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue and earnings miss expectations Revenue missed analyst estimates by 23%. Earnings per share (EPS) were also behind analyst expectations. Reported Earnings • Nov 14
Third quarter 2020 earnings released: NT$0.39 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: NT$106.3m (up 49% from 3Q 2019). Net loss: NT$19.3m (loss narrowed 82% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 31
New 90-day high: NT$75.60 The company is up 13% from its price of NT$67.20 on 31 July 2020. The Taiwanese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 7.0% over the same period. Is New 90 Day High Low • Oct 08
New 90-day high: NT$84.40 The company is up 5.0% from its price of NT$80.10 on 10 July 2020. The Taiwanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 13% over the same period.