Reported Earnings • May 15
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: NT$1.00. Revenue: NT$4.68b (up 1.0% from 1Q 2025). Net income: NT$710.1m (flat on 1Q 2025). Profit margin: 15% (in line with 1Q 2025). Revenue missed analyst estimates by 9.9%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Commercial Services industry in Asia. Announcement • Mar 11
Taiwan Secom Co., Ltd., Annual General Meeting, May 29, 2026 Taiwan Secom Co., Ltd., Annual General Meeting, May 29, 2026, at 09:00 Taipei Standard Time. Location: no,151, sec.5 tan chin rd., danshuei district, new taipei city Taiwan Reported Earnings • Mar 11
Full year 2025 earnings released: EPS: NT$6.77 (vs NT$6.42 in FY 2024) Full year 2025 results: EPS: NT$6.77 (up from NT$6.42 in FY 2024). Revenue: NT$19.0b (up 6.3% from FY 2024). Net income: NT$3.01b (up 5.7% from FY 2024). Profit margin: 16% (in line with FY 2024). Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Commercial Services industry in Asia. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$1.73 (vs NT$1.64 in 3Q 2024) Third quarter 2025 results: EPS: NT$1.73 (up from NT$1.64 in 3Q 2024). Revenue: NT$4.70b (up 5.1% from 3Q 2024). Net income: NT$768.9m (up 5.9% from 3Q 2024). Profit margin: 16% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: NT$1.67 (vs NT$1.78 in 2Q 2024) Second quarter 2025 results: EPS: NT$1.67 (down from NT$1.78 in 2Q 2024). Revenue: NT$4.75b (up 9.5% from 2Q 2024). Net income: NT$739.4m (down 6.3% from 2Q 2024). Profit margin: 16% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Declared Dividend • Jun 09
Dividend of NT$5.20 announced Dividend of NT$5.20 is the same as last year. Ex-date: 24th June 2025 Payment date: 16th July 2025 Dividend yield will be 4.4%, which is higher than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (79% earnings payout ratio) but not adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 6.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: NT$1.59 (vs NT$1.40 in 1Q 2024) First quarter 2025 results: EPS: NT$1.59 (up from NT$1.40 in 1Q 2024). Revenue: NT$4.64b (up 8.3% from 1Q 2024). Net income: NT$705.7m (up 14% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Announcement • May 03
Taiwan Secom Co., Ltd. to Report Q1, 2025 Results on May 14, 2025 Taiwan Secom Co., Ltd. announced that they will report Q1, 2025 results at 12:00 PM, Taipei Standard Time on May 14, 2025 Reported Earnings • Mar 16
Full year 2024 earnings released: EPS: NT$6.42 (vs NT$5.85 in FY 2023) Full year 2024 results: EPS: NT$6.42 (up from NT$5.85 in FY 2023). Revenue: NT$17.9b (up 4.6% from FY 2023). Net income: NT$2.85b (up 9.8% from FY 2023). Profit margin: 16% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Announcement • Mar 13
Taiwan Secom Co., Ltd., Annual General Meeting, May 28, 2025 Taiwan Secom Co., Ltd., Annual General Meeting, May 28, 2025, at 09:00 Taipei Standard Time. Location: no,151, sec.5 tan chin rd., danshuei district, new taipei city Taiwan Announcement • Mar 04
Taiwan Secom Co., Ltd. to Report Fiscal Year 2024 Results on Mar 11, 2025 Taiwan Secom Co., Ltd. announced that they will report fiscal year 2024 results on Mar 11, 2025 Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: NT$1.64 (vs NT$1.48 in 3Q 2023) Third quarter 2024 results: EPS: NT$1.64 (up from NT$1.48 in 3Q 2023). Revenue: NT$4.47b (up 4.2% from 3Q 2023). Net income: NT$726.3m (up 11% from 3Q 2023). Profit margin: 16% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: NT$1.78 (vs NT$1.45 in 2Q 2023) Second quarter 2024 results: EPS: NT$1.78 (up from NT$1.45 in 2Q 2023). Revenue: NT$4.34b (up 1.6% from 2Q 2023). Net income: NT$789.0m (up 23% from 2Q 2023). Profit margin: 18% (up from 15% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.9% to NT$133. The fair value is estimated to be NT$110, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years, while earnings per share has been flat. Announcement • Aug 06
Taiwan Secom Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024 Taiwan Secom Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024 Announcement • Jun 08
Taiwan Secom Co., Ltd. Announces Cash Dividend on Common Stock, Payable on July 16, 2024 Taiwan Secom Co., Ltd. announced cash dividend on common stock from distribution of earning is TWD 5.2 per share, and for a total of TWD 2,346,224,884. Ex-rights (ex-dividend) trading date is June 24, 2024; Ex-rights (ex-dividend) record date is June 30, 2024; Payment date of cash dividend distribution is July 16, 2024. Declared Dividend • Jun 07
Dividend increased to NT$5.20 Dividend of NT$5.20 is 4.0% higher than last year. Ex-date: 24th June 2024 Payment date: 16th July 2024 Dividend yield will be 4.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (88% earnings payout ratio) but not covered by cash flows (dividend approximately 13x free cash flows). The dividend has increased by an average of 4.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 4.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: NT$1.40 (vs NT$1.37 in 1Q 2023) First quarter 2024 results: EPS: NT$1.40 (up from NT$1.37 in 1Q 2023). Revenue: NT$4.28b (up 5.3% from 1Q 2023). Net income: NT$619.6m (up 2.0% from 1Q 2023). Profit margin: 14% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 09
Taiwan Secom Co., Ltd. to Report Q1, 2024 Results on May 14, 2024 Taiwan Secom Co., Ltd. announced that they will report Q1, 2024 results on May 14, 2024 Announcement • Mar 28
Taiwan Secom Co., Ltd. Announces Change in Representative of Juristic-Person Director Taiwan Secom Co., Ltd. appointed KANZAKI JUNICHI and MATSUI HIROMICHI as Representative of Juristic-Person Director in place of ONODERA HIROFUMI and NAKADA TAKASHI. Effective date of the new appointment is March 27, 2024. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: NT$5.85 (vs NT$5.85 in FY 2022) Full year 2023 results: EPS: NT$5.85 (up from NT$5.85 in FY 2022). Revenue: NT$17.1b (up 11% from FY 2022). Net income: NT$2.59b (flat on FY 2022). Profit margin: 15% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Mar 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 1.2% to NT$123. The fair value is estimated to be NT$100, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years, while earnings per share has been flat. Announcement • Mar 13
Taiwan Secom Co., Ltd., Annual General Meeting, May 30, 2024 Taiwan Secom Co., Ltd., Annual General Meeting, May 30, 2024. Location: Tamsui Training Center No.151, Sec.5, Danjin Rd., Tamsui Dist New Taipei City Taiwan Agenda: To consider Business Report of 2023; to consider Audit committee's review opinions on 2023 annual final accounting books and statements; to consider Report on 2023 employees' and directors' compensation; to consider Amendment to the Rules of Procedure for Board of Directors Meetings; to consider Amendment to the Regulations Governing the Acquisition and Disposal of Assets. Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: NT$1.48 (vs NT$1.43 in 3Q 2022) Third quarter 2023 results: EPS: NT$1.48 (up from NT$1.43 in 3Q 2022). Revenue: NT$4.29b (up 13% from 3Q 2022). Net income: NT$655.8m (up 3.8% from 3Q 2022). Profit margin: 15% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 05
Taiwan Secom Co., Ltd. Elects Wea Chi-Lin as Elected One Additional Independent Director Independent Directors Taiwan Secom Co., Ltd. at its special shareholders' meeting held on October 3, 2023, Elected One Additional Independent Director Independent Directors: WEA CHI-LIN. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$1.46 (vs NT$1.28 in 2Q 2022) Second quarter 2023 results: EPS: NT$1.46 (up from NT$1.28 in 2Q 2022). Revenue: NT$4.27b (up 13% from 2Q 2022). Net income: NT$643.1m (up 14% from 2Q 2022). Profit margin: 15% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Jun 13
Upcoming dividend of NT$5.00 per share at 4.2% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 14 July 2023. Payout ratio and cash payout ratio are on the higher end at 89% and 77% respectively. Trailing yield: 4.2%. Lower than top quartile of Taiwanese dividend payers (5.5%). In line with average of industry peers (4.2%). Announcement • Jun 09
Taiwan Secom Co., Ltd. Announces Head of Chief Executive Officer Changes, Effective June 15, 2023 Taiwan Secom Co., Ltd. appointed LIN, CHIEN-HAN, Chairman of the Company Legal Representative of SHIN LAN INVESTMENT CO LTD. as Head of Chief Executive Officer in place of HIROFUMI ONODERA, Head of Chief Executive Officer of the Company. Reason for the change: new replacement. Effective date is June 15, 2023. Announcement • Jun 03
Taiwan Secom Co., Ltd. Announces Cash Dividend, Payable on July 14, 2023 Taiwan Secom Co., Ltd. announced cash dividend from distribution of earning is TWD 5 per share, and for a total of TWD 2,255,985,465. Ex-rights (ex-dividend) trading date is June 20, 2023; Ex-rights (ex-dividend) record date is June 26, 2023; Payment date of cash dividend distribution is July 14, 2023. Announcement • May 13
Taiwan Secom Co., Ltd. Appoints Yen,Hung-Chun as Chief Information Security Officer Taiwan Secom Co., Ltd. announced appointment of YEN,HUNG-CHUN, Deputy General Manager, information security consultant of KPMG as chief information security officer. Effective date is May 12, 2023. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: NT$5.85 (vs NT$5.73 in FY 2021) Full year 2022 results: EPS: NT$5.85 (up from NT$5.73 in FY 2021). Revenue: NT$15.4b (up 8.6% from FY 2021). Net income: NT$2.58b (up 2.1% from FY 2021). Profit margin: 17% (down from 18% 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 8% per year and the company’s share price has also increased by 8% per year. Board Change • Nov 16
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. 8 non-independent directors. Independent Director Yung-Cheng Chiang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: NT$1.28 (vs NT$1.39 in 2Q 2021) Second quarter 2022 results: EPS: NT$1.28 (down from NT$1.39 in 2Q 2021). Revenue: NT$3.79b (up 9.7% from 2Q 2021). Net income: NT$563.3m (down 8.4% from 2Q 2021). Profit margin: 15% (down from 18% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Jun 15
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 22 June 2022. Payment date: 15 July 2022. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 4.7%. Lower than top quartile of Taiwanese dividend payers (6.1%). In line with average of industry peers (4.8%). Reported Earnings • May 13
First quarter 2022 earnings released: EPS: NT$1.59 (vs NT$1.33 in 1Q 2021) First quarter 2022 results: EPS: NT$1.59 (up from NT$1.33 in 1Q 2021). Revenue: NT$3.74b (up 5.7% from 1Q 2021). Net income: NT$699.9m (up 19% from 1Q 2021). Profit margin: 19% (up from 17% 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 9% per year whereas the company’s share price has increased by 6% per year. Announcement • May 12
Taiwan Secom Co., Ltd. Announces Establishment of the Nominating Committee and Appoint Members of Nominating Committee Taiwan Secom Co., Ltd. announced the establishment of Nominating Committee and appointed Chen, Tien-Wen, Chiang, Yung-Cheng and Tung, Chun-Yi to the Nominating committee, effective from May 11, 2022. Board Change • Apr 27
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. 8 non-independent directors. Independent Director Yung-Cheng Chiang was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: NT$5.73 (up from NT$5.42 in FY 2020). Revenue: NT$14.1b (up 3.1% from FY 2020). Net income: NT$2.53b (up 5.8% from FY 2020). Profit margin: 18% (in line with FY 2020). Revenue missed analyst estimates by 1.2%. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS NT$1.40 (vs NT$1.36 in 3Q 2020) The company reported a decent third quarter result with improved earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: NT$3.42b (flat on 3Q 2020). Net income: NT$616.3m (up 3.0% from 3Q 2020). Profit margin: 18% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS NT$1.40 (vs NT$1.21 in 2Q 2020) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: NT$3.46b (flat on 2Q 2020). Net income: NT$614.8m (up 16% from 2Q 2020). Profit margin: 18% (up from 16% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Jul 20
Upcoming dividend of NT$5.00 per share Eligible shareholders must have bought the stock before 27 July 2021. Payment date: 20 August 2021. Trailing yield: 5.2%. Within top quartile of Taiwanese dividend payers (4.9%). Higher than average of industry peers (4.7%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS NT$1.33 (vs NT$1.21 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: NT$3.54b (up 7.3% from 1Q 2020). Net income: NT$587.0m (up 10% from 1Q 2020). Profit margin: 17% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Executive Departure • Mar 25
Director has left the company On the 23rd of March, Kenji Murakami's tenure as Director ended after 39.3 years in the role. We don't have any record of a personal shareholding under Kenji's name. Kenji is the only executive to leave the company over the last 12 months. Announcement • Mar 21
Taiwan Secom Co., Ltd. Approves Cash Dividends for the Year Ended December 31, 2020 Taiwan Secom Co., Ltd. approved cash dividends to shareholders of TWD 4.92 per share for the year ended December 31, 2020. Announcement • Mar 20
Taiwan Secom Co., Ltd., Annual General Meeting, Jun 17, 2021 Taiwan Secom Co., Ltd., Annual General Meeting, Jun 17, 2021. Location: Platinum Hotel ADDRESS 1F No.77 AnXing Rd. Xindian Dist. New Taipei City Taiwan Agenda: To discuss on business report and financial statements of 2020; and to discuss on proposal of distribution of profits of 2020; to consider audit committees review opinions on 2020 annual final accounting books and statements; to consider report on employees and directors compensation; and to consider other matters. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS NT$5.42 (vs NT$4.85 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$13.7b (up 2.2% from FY 2019). Net income: NT$2.39b (up 12% from FY 2019). Profit margin: 17% (up from 16% in FY 2019). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Nov 12
Third quarter 2020 earnings released: EPS NT$1.35 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$3.44b (up 2.2% from 3Q 2019). Net income: NT$598.2m (up 10% from 3Q 2019). Profit margin: 17% (up from 16% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 22
New 90-day high: NT$91.30 The company is up 6.0% from its price of NT$85.80 on 24 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 Commercial Services industry, which is down 5.0% over the same period. Is New 90 Day High Low • Sep 24
New 90-day low: NT$84.80 The company is down 2.0% from its price of NT$86.90 on 24 June 2020. The Taiwanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Commercial Services industry, which is also down 2.0% over the same period.