Reported Earnings • May 09
First quarter 2026 earnings released: EPS: NT$0.47 (vs NT$0.12 in 1Q 2025) First quarter 2026 results: EPS: NT$0.47 (up from NT$0.12 in 1Q 2025). Revenue: NT$1.26b (down 9.3% from 1Q 2025). Net income: NT$122.4m (up 283% from 1Q 2025). Profit margin: 9.7% (up from 2.3% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$0.97 (vs NT$0.83 in FY 2024) Full year 2025 results: EPS: NT$0.97 (up from NT$0.83 in FY 2024). Revenue: NT$5.39b (down 5.2% from FY 2024). Net income: NT$250.8m (up 16% from FY 2024). Profit margin: 4.7% (up from 3.8% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 4% per year. Announcement • Mar 10
Taiwan Sanyo Electric Co.,Ltd., Annual General Meeting, Jun 16, 2026 Taiwan Sanyo Electric Co.,Ltd., Annual General Meeting, Jun 16, 2026. Location: 7 floor no,35, kui feng st., taishan district, new taipei city Taiwan New Risk • Mar 09
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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 Earnings have declined by 10% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: NT$0.28 (vs NT$0.32 in 3Q 2024) Third quarter 2025 results: EPS: NT$0.28 (down from NT$0.32 in 3Q 2024). Revenue: NT$1.31b (down 19% from 3Q 2024). Net income: NT$72.2m (down 12% from 3Q 2024). Profit margin: 5.5% (up from 5.1% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% 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. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: NT$0.26 (vs NT$0.076 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.26 (up from NT$0.076 in 2Q 2024). Revenue: NT$1.50b (down 2.6% from 2Q 2024). Net income: NT$67.0m (up 242% from 2Q 2024). Profit margin: 4.5% (up from 1.3% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Declared Dividend • Jun 30
Dividend reduced to NT$0.58 Dividend of NT$0.58 is 46% lower than last year. Ex-date: 15th July 2025 Payment date: 6th August 2025 Dividend yield will be 1.5%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • May 08
First quarter 2025 earnings released: EPS: NT$0.12 (vs NT$0.068 in 1Q 2024) First quarter 2025 results: EPS: NT$0.12 (up from NT$0.068 in 1Q 2024). Revenue: NT$1.39b (up 11% from 1Q 2024). Net income: NT$31.9m (up 80% from 1Q 2024). Profit margin: 2.3% (up from 1.4% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 25
Taiwan Sanyo Electric Co.,Ltd. to Report Q1, 2025 Results on May 02, 2025 Taiwan Sanyo Electric Co.,Ltd. announced that they will report Q1, 2025 results on May 02, 2025 Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: NT$0.83 (vs NT$1.24 in FY 2023) Full year 2024 results: EPS: NT$0.83 (down from NT$1.24 in FY 2023). Revenue: NT$5.69b (down 1.1% from FY 2023). Net income: NT$215.6m (down 33% from FY 2023). Profit margin: 3.8% (down from 5.6% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Mar 12
Taiwan Sanyo Electric Co.,Ltd., Annual General Meeting, Jun 17, 2025 Taiwan Sanyo Electric Co.,Ltd., Annual General Meeting, Jun 17, 2025, at 09:00 Taipei Standard Time. Location: 7 floor no,35, kui feng st., taishan district, new taipei city Taiwan Announcement • Mar 01
Taiwan Sanyo Electric Co.,Ltd. to Report Fiscal Year 2024 Results on Mar 10, 2025 Taiwan Sanyo Electric Co.,Ltd. announced that they will report fiscal year 2024 results on Mar 10, 2025 Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: NT$0.32 (vs NT$0.39 in 3Q 2023) Third quarter 2024 results: EPS: NT$0.32 (down from NT$0.39 in 3Q 2023). Revenue: NT$1.61b (up 5.6% from 3Q 2023). Net income: NT$81.8m (down 19% from 3Q 2023). Profit margin: 5.1% (down from 6.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings have declined by 0.0006% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.0006% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (139% payout ratio). Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: NT$0.08 (vs NT$0.42 in 2Q 2023) Second quarter 2024 results: EPS: NT$0.08 (down from NT$0.42 in 2Q 2023). Revenue: NT$1.53b (down 7.1% from 2Q 2023). Net income: NT$19.6m (down 82% from 2Q 2023). Profit margin: 1.3% (down from 6.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Aug 03
Taiwan Sanyo Electric Co.,Ltd. to Report Q2, 2024 Results on Aug 09, 2024 Taiwan Sanyo Electric Co.,Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Declared Dividend • Jun 24
Dividend of NT$1.07 announced Shareholders will receive a dividend of NT$1.07. Ex-date: 9th July 2024 Payment date: 6th August 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.1%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is well covered by cash flows (44% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 6.5% to bring the payout ratio under control, which is similar to the EPS growth achieved over the last 5 years. Announcement • Jun 01
Taiwan Sanyo Electric Co.,Ltd. Announces Resignation of Chen Lin-Te as Integrity Management and Sustainable Development Committee Member Taiwan Sanyo Electric Co.,Ltd. announced the resignation of Chen Lin-Te as Integrity Management and Sustainable Development Committee Member. Date of occurrence of the change: May 31,2024. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: NT$0.07 (vs NT$0.19 in 1Q 2023) First quarter 2024 results: EPS: NT$0.07 (down from NT$0.19 in 1Q 2023). Revenue: NT$1.26b (down 9.8% from 1Q 2023). Net income: NT$17.7m (down 65% from 1Q 2023). Profit margin: 1.4% (down from 3.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$50.70, the stock trades at a trailing P/E ratio of 40.8x. Average trailing P/E is 19x in the Consumer Durables industry in Taiwan. Total returns to shareholders of 70% over the past three years. Announcement • Apr 28
Taiwan Sanyo Electric Co.,Ltd. to Report Q1, 2024 Results on May 06, 2024 Taiwan Sanyo Electric Co.,Ltd. announced that they will report Q1, 2024 results on May 06, 2024 Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: NT$1.24 (vs NT$1.13 in FY 2022) Full year 2023 results: EPS: NT$1.24 (up from NT$1.13 in FY 2022). Revenue: NT$5.76b (down 6.3% from FY 2022). Net income: NT$321.7m (up 10% from FY 2022). Profit margin: 5.6% (up from 4.7% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Mar 12
Taiwan Sanyo Electric Co.,Ltd., Annual General Meeting, Jun 13, 2024 Taiwan Sanyo Electric Co.,Ltd., Annual General Meeting, Jun 13, 2024. Location: Conference hall on the seventh floor of Taishan Factory Technical Building 35 Guifeng Street, Taishan District, New Taipei City New Taipei City Taiwan Agenda: To consider 2023 business report; to consider 2023 audit committee review report; to consider 2023 employee and director remuneration distribution report; to consider 2023 earnings distribution report on cash dividends; to consider integrity business rules, integrity business operation procedures and conduct guidelines report; to consider sustainable development rules of practice report; to consider acknowledgment of the 2023 business report and financial report; to consider acknowledgment of the 2023 earnings distribution; to amend the company's rules of procedure for shareholders meetings; and to consider other issues. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: NT$0.42 (vs NT$0.34 in 2Q 2022) Second quarter 2023 results: EPS: NT$0.42 (up from NT$0.34 in 2Q 2022). Revenue: NT$1.65b (down 3.1% from 2Q 2022). Net income: NT$108.3m (up 23% from 2Q 2022). Profit margin: 6.6% (up from 5.2% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Jul 06
Upcoming dividend of NT$0.99 per share at 2.6% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 11 August 2023. Payout ratio is on the higher end at 90% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Taiwanese dividend payers (5.4%). Lower than average of industry peers (4.0%). Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: NT$1.13 (vs NT$1.42 in FY 2021) Full year 2022 results: EPS: NT$1.13 (down from NT$1.42 in FY 2021). Revenue: NT$6.14b (up 6.0% from FY 2021). Net income: NT$291.6m (down 21% from FY 2021). Profit margin: 4.7% (down from 6.3% 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 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: NT$0.35 (vs NT$0.43 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.35 (down from NT$0.43 in 3Q 2021). Revenue: NT$1.72b (up 14% from 3Q 2021). Net income: NT$91.1m (down 18% from 3Q 2021). Profit margin: 5.3% (down from 7.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: NT$0.35 (vs NT$0.43 in 3Q 2021) Third quarter 2022 results: EPS: NT$0.35 (down from NT$0.43 in 3Q 2021). Revenue: NT$1.72b (up 14% from 3Q 2021). Net income: NT$91.1m (down 18% from 3Q 2021). Profit margin: 5.3% (down from 7.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: NT$0.34 (vs NT$0.42 in 2Q 2021) Second quarter 2022 results: EPS: NT$0.34 (down from NT$0.42 in 2Q 2021). Revenue: NT$1.70b (up 6.7% from 2Q 2021). Net income: NT$88.1m (down 20% from 2Q 2021). Profit margin: 5.2% (down from 6.9% 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 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 30
Upcoming dividend of NT$1.23 per share Eligible shareholders must have bought the stock before 07 July 2022. Payment date: 05 August 2022. Payout ratio is on the higher end at 88%, and the cash payout ratio is above 100%. Trailing yield: 3.2%. Lower than top quartile of Taiwanese dividend payers (6.4%). Lower than average of industry peers (4.6%). Announcement • Jun 23
Taiwan Sanyo Electric Co.,Ltd. Announces Cash Dividend, Payable on August 5, 2022 Taiwan Sanyo Electric Co.,Ltd. announced cash dividend of TWD 1.233023846 per share. Ex-rights (ex-dividend) trading date is July 07, 2022. Ex-rights (ex-dividend) record date is July 15, 2022. Cash dividend payment date on August 5, 2022. Reported Earnings • May 11
First quarter 2022 earnings released: EPS: NT$0.21 (vs NT$0.23 in 1Q 2021) First quarter 2022 results: EPS: NT$0.21 (down from NT$0.23 in 1Q 2021). Revenue: NT$1.51b (up 15% from 1Q 2021). Net income: NT$54.2m (down 7.9% from 1Q 2021). Profit margin: 3.6% (down from 4.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: NT$1.42 (vs NT$1.36 in FY 2020) Full year 2021 results: EPS: NT$1.42 (up from NT$1.36 in FY 2020). Revenue: NT$5.80b (up 5.6% from FY 2020). Net income: NT$367.7m (up 4.4% from FY 2020). Profit margin: 6.3% (down from 6.4% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS NT$0.43 (vs NT$0.56 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.50b (down 8.6% from 3Q 2020). Net income: NT$111.6m (down 22% from 3Q 2020). Profit margin: 7.4% (down from 8.7% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS NT$0.42 (vs NT$0.48 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: NT$1.60b (flat on 2Q 2020). Net income: NT$109.9m (down 11% from 2Q 2020). Profit margin: 6.9% (down from 7.7% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jul 02
Upcoming dividend of NT$0.95 per share Eligible shareholders must have bought the stock before 08 July 2021. Payment date: 06 August 2021. Trailing yield: 2.8%. Lower than top quartile of Taiwanese dividend payers (5.0%). Lower than average of industry peers (3.7%). Reported Earnings • May 13
First quarter 2021 earnings released: EPS NT$0.23 (vs NT$0.13 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: NT$1.32b (up 12% from 1Q 2020). Net income: NT$58.8m (up 77% from 1Q 2020). Profit margin: 4.5% (up from 2.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS NT$1.36 (vs NT$0.95 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$5.49b (up 5.5% from FY 2019). Net income: NT$352.3m (up 43% from FY 2019). Profit margin: 6.4% (up from 4.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Announcement • Mar 14
Taiwan Sanyo Electric Co.,Ltd.'s Subsidiary Sanyo Chuan-Neng Co., Ltd. to Distribute Dividend on July 15, 2021 Taiwan Sanyo Electric Co.,Ltd. announced the resolution of the board of the major subsidiary Sanyo CHUAN-NENG CO., LTD. to distribute dividend of TWD 7.21258578 per share. Cash dividend payment date is set on 15 July 2021. Executive Departure • Mar 03
Chief Internal Auditor has left the company On the 1st of March, Kuan-Suin Huang's tenure in the role of Chief Internal Auditor ended. We don't have any record of a personal shareholding under Kuan-Suin's name. Kuan-Suin is the only executive to leave the company over the last 12 months. Announcement • Feb 22
Taiwan Sanyo Electric Co.,Ltd. Announces the Change of Chief Internal Auditor Taiwan Sanyo Electric Co.,Ltd. announced the Change of Chief Internal Auditor. The company announced the Name, title, and resume of the previous position holder: Kuan-Suin,Huang and Name, title, and resume of the new position holder: An-Sheng,Huang. The company announced these changes are effective from March 01, 2021. Announcement • Jan 31
Taiwan Sanyo Electric Co.,Ltd. Announces the Change of Chief Internal Auditor Taiwan Sanyo Electric Co.,Ltd. announced change of chief internal auditor. Type of personnel changed:chief internal auditor. Date of occurrence of the change: January 29,2021.Name, title, and resume of the previous position holder: Kuan-Suin,Huang. Name, title, and resume of the new position holder: As the Auditor manager not approved by the board of directors, the replacement is temporarily by Miss. Tzu-Han,Hsu.5.Type of the change: resignation. Reason for the change: career planning. Effective date: February 28, 2021. Is New 90 Day High Low • Jan 20
New 90-day low: NT$34.15 The company is down 1.0% from its price of NT$34.55 on 22 October 2020. The Taiwanese market is up 22% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: NT$40.90 The company is up 7.0% from its price of NT$38.35 on 04 September 2020. The Taiwanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Durables industry, which is up 3.0% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$0.56 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$1.64b (up 12% from 3Q 2019). Net income: NT$143.8m (up 98% from 3Q 2019). Profit margin: 8.7% (up from 4.9% 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 16% per year and the company’s share price has also increased by 16% per year. Is New 90 Day High Low • Sep 18
New 90-day high: NT$39.60 The company is up 20% from its price of NT$33.10 on 19 June 2020. The Taiwanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 8.0% over the same period. 
