Reported Earnings • May 20
First quarter 2026 earnings released: EPS: NT$1.09 (vs NT$3.74 in 1Q 2025) First quarter 2026 results: EPS: NT$1.09 (down from NT$3.74 in 1Q 2025). Revenue: NT$669.5m (down 18% from 1Q 2025). Net income: NT$33.4m (down 71% from 1Q 2025). Profit margin: 5.0% (down from 14% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Leisure industry in Taiwan. Reported Earnings • Mar 24
Full year 2025 earnings released: EPS: NT$8.10 (vs NT$8.60 in FY 2024) Full year 2025 results: EPS: NT$8.10 (down from NT$8.60 in FY 2024). Revenue: NT$3.08b (up 18% from FY 2024). Net income: NT$246.1m (down 4.6% from FY 2024). Profit margin: 8.0% (down from 9.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Leisure industry in Asia. New Risk • Mar 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: NT$3.17b (US$99.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (NT$3.17b market cap, or US$99.3m). 공시 • Mar 11
Minson Integration, Inc., Annual General Meeting, Jun 24, 2026 Minson Integration, Inc., Annual General Meeting, Jun 24, 2026. Location: 2 floor building. b no,335, jui kuang rd., neihu district, taipei city Taiwan Board Change • Feb 25
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. 6 non-independent directors. Chairman Ting-I Hsu was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Dec 31
Minson Integration, Inc. has filed a Follow-on Equity Offering in the amount of TWD 315 million. Minson Integration, Inc. has filed a Follow-on Equity Offering in the amount of TWD 315 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 3,000,000
Price\Range: TWD 105 Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: NT$1.97 (vs NT$0.38 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.97 (up from NT$0.38 in 3Q 2024). Revenue: NT$684.7m (down 5.8% from 3Q 2024). Net income: NT$59.7m (up 431% from 3Q 2024). Profit margin: 8.7% (up from 1.5% in 3Q 2024). The increase in margin was driven by lower expenses. New Risk • Sep 11
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 95% Dividend yield: 4.5% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Cash payout ratio: 95% Earnings have declined by 3.1% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (6.7% net profit margin). Buy Or Sell Opportunity • Sep 03
Now 21% overvalued Over the last 90 days, the stock has fallen 1.8% to NT$135. The fair value is estimated to be NT$111, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 8.4%. New Risk • May 05
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Dividend per share is over 10x cash flows per share. Dividend yield: 4.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to NT$120, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 14x in the Leisure industry in Taiwan. 공시 • Mar 18
Minson Integration, Inc., Annual General Meeting, Jun 24, 2025 Minson Integration, Inc., Annual General Meeting, Jun 24, 2025. Location: 2 floor no,12, chou tzu st., neihu district, taipei city Taiwan