Declared Dividend • Aug 05
Dividend of NT$0.60 announced Shareholders will receive a dividend of NT$0.60. Ex-date: 20th August 2026 Payment date: 24th September 2026 Dividend yield will be 1.4%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 8.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 37% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Aug 04
Sakura Development Co.,Ltd announces Annual dividend, payable on September 24, 2026 Sakura Development Co.,Ltd announced Annual dividend of TWD 0.6000 per share payable on September 24, 2026, ex-date on August 20, 2026 and record date on August 21, 2026. Reported Earnings • May 21
First quarter 2026 earnings released: EPS: NT$0.68 (vs NT$1.31 in 1Q 2025) First quarter 2026 results: EPS: NT$0.68 (down from NT$1.31 in 1Q 2025). Revenue: NT$2.48b (down 55% from 1Q 2025). Net income: NT$814.8m (down 48% from 1Q 2025). Profit margin: 33% (up from 28% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • May 05
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: 1.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: NT$3.46 (vs NT$2.37 in FY 2024) Full year 2025 results: EPS: NT$3.46 (up from NT$2.37 in FY 2024). Revenue: NT$14.0b (up 55% from FY 2024). Net income: NT$4.12b (up 46% from FY 2024). Profit margin: 30% (down from 31% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 11
Sakura Development Co.,Ltd, Annual General Meeting, Jun 16, 2026 Sakura Development Co.,Ltd, Annual General Meeting, Jun 16, 2026. Location: b1 floor no,57, kuan ch`ien rd., west district, taichung city Taiwan Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: NT$0.73 (vs NT$0.12 loss in 3Q 2024) Third quarter 2025 results: EPS: NT$0.73 (up from NT$0.12 loss in 3Q 2024). Revenue: NT$2.94b (up NT$2.93b from 3Q 2024). Net income: NT$866.0m (up NT$1.01b from 3Q 2024). Profit margin: 30% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: NT$0.36 (vs NT$0.068 in 2Q 2024) Second quarter 2025 results: EPS: NT$0.36 (up from NT$0.068 in 2Q 2024). Revenue: NT$1.47b (up 207% from 2Q 2024). Net income: NT$362.2m (up 437% from 2Q 2024). Profit margin: 25% (up from 14% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Aug 11
Dividend of NT$0.50 announced Shareholders will receive a dividend of NT$0.50. Ex-date: 28th August 2025 Payment date: 2nd October 2025 Dividend yield will be 0.7%, which is lower than the industry average of 3.7%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 13%. Reported Earnings • May 14
First quarter 2025 earnings released: EPS: NT$1.57 (vs NT$0.40 in 1Q 2024) First quarter 2025 results: EPS: NT$1.57 (up from NT$0.40 in 1Q 2024). Revenue: NT$5.50b (up 325% from 1Q 2024). Net income: NT$1.56b (up 289% from 1Q 2024). Profit margin: 28% (down from 31% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 03
Sakura Development Co.,Ltd to Report Q1, 2025 Results on May 12, 2025 Sakura Development Co.,Ltd announced that they will report Q1, 2025 results on May 12, 2025 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to NT$63.20, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 12x in the Real Estate industry in Taiwan. Total returns to shareholders of 201% over the past three years. Tillkännagivande • Apr 01
Sakura Development Co.,Ltd Announces the Resignation of Li, Tsung-Je as Accounting Officer, Effective from March 31, 2025 Sakura Development Co.,Ltd announced the resignation of LI, TSUNG-JE, Deputy Manager, Accounting Section of Finance Department, as accounting officer of the company. Effective date:2025/03/31. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: NT$2.85 (vs NT$1.93 in FY 2023) Full year 2024 results: EPS: NT$2.85 (up from NT$1.93 in FY 2023). Revenue: NT$9.02b (up 28% from FY 2023). Net income: NT$2.83b (up 48% from FY 2023). Profit margin: 31% (up from 27% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$64.80, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 15x in the Real Estate industry in Taiwan. Total returns to shareholders of 210% over the past three years. Tillkännagivande • Mar 12
Sakura Development Co.,Ltd, Annual General Meeting, Jun 20, 2025 Sakura Development Co.,Ltd, Annual General Meeting, Jun 20, 2025. Location: b1 floor no,57, kuan ch`ien rd., west district, taichung city Taiwan Tillkännagivande • Mar 04
Sakura Development Co.,Ltd to Report Fiscal Year 2024 Results on Mar 11, 2025 Sakura Development Co.,Ltd announced that they will report fiscal year 2024 results on Mar 11, 2025 Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to NT$57.80, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 16x in the Real Estate industry in Taiwan. Total returns to shareholders of 188% over the past three years. Reported Earnings • Nov 15
Third quarter 2024 earnings released: NT$0.14 loss per share (vs NT$0.60 profit in 3Q 2023) Third quarter 2024 results: NT$0.14 loss per share (down from NT$0.60 profit in 3Q 2023). Revenue: NT$7.93m (down 100% from 3Q 2023). Net loss: NT$139.9m (down 124% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to NT$54.90, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 17x in the Real Estate industry in Taiwan. Total returns to shareholders of 185% over the past three years. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: NT$0.069 (vs NT$0.027 loss in 2Q 2023) Second quarter 2024 results: EPS: NT$0.069 (up from NT$0.027 loss in 2Q 2023). Revenue: NT$478.6m (up 17% from 2Q 2023). Net income: NT$67.4m (up NT$94.2m from 2Q 2023). Profit margin: 14% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 08
Upcoming dividend of NT$0.40 per share Eligible shareholders must have bought the stock before 15 August 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Taiwanese dividend payers (4.5%). Lower than average of industry peers (2.8%). Tillkännagivande • Aug 02
Sakura Development Co.,Ltd to Report Q2, 2024 Results on Aug 09, 2024 Sakura Development Co.,Ltd announced that they will report Q2, 2024 results on Aug 09, 2024 Tillkännagivande • Apr 28
Sakura Development Co.,Ltd to Report Q1, 2024 Results on May 06, 2024 Sakura Development Co.,Ltd announced that they will report Q1, 2024 results on May 06, 2024 Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: NT$2.24 (vs NT$1.77 in FY 2022) Full year 2023 results: EPS: NT$2.24 (up from NT$1.77 in FY 2022). Revenue: NT$7.06b (up 13% from FY 2022). Net income: NT$1.91b (up 27% from FY 2022). Profit margin: 27% (up from 24% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Mar 12
Sakura Development Co.,Ltd, Annual General Meeting, Jun 14, 2024 Sakura Development Co.,Ltd, Annual General Meeting, Jun 14, 2024. Location: B1F., No. 57, Guanqian Rd., West Dist Hotel National Taichung City Taiwan Agenda: To consider 2023 business report; to consider audit committee's review of the 2023 annual final accounting books and statements; to consider report on 2023 employee' and directors' remuneration; to consider acknowledgment of the 2023 business report and financial statements; to consider acknowledgment of the 2023 earnings distributions; to consider discussion of amendment to articles of incorporation; to consider report on 2023 issue new shares through capital increase from earnings; and to consider other issues. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to NT$57.40, the stock trades at a trailing P/E ratio of 48.6x. Average trailing P/E is 18x in the Real Estate industry in Taiwan. Total returns to shareholders of 187% over the past three years. Upcoming Dividend • Aug 17
Upcoming dividend of NT$0.20 per share at 0.4% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Taiwanese dividend payers (5.7%). Lower than average of industry peers (4.4%). New Risk • Aug 10
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.0% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 10
Second quarter 2023 earnings released: NT$0.04 loss per share (vs NT$1.15 profit in 2Q 2022) Second quarter 2023 results: NT$0.04 loss per share (down from NT$1.15 profit in 2Q 2022). Revenue: NT$409.7m (down 87% from 2Q 2022). Net loss: NT$26.8m (down 103% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 15
Full year 2022 earnings released: EPS: NT$2.05 (vs NT$1.04 in FY 2021) Full year 2022 results: EPS: NT$2.05 (up from NT$1.04 in FY 2021). Revenue: NT$6.26b (up 47% from FY 2021). Net income: NT$1.51b (up 100% from FY 2021). Profit margin: 24% (up from 18% in FY 2021). The increase in margin was driven by higher revenue. 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 22% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chen-Hua Hsu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: NT$1.00 (vs NT$0.58 in 3Q 2021) Third quarter 2022 results: EPS: NT$1.00 (up from NT$0.58 in 3Q 2021). Revenue: NT$3.10b (up 56% from 3Q 2021). Net income: NT$732.0m (up 73% from 3Q 2021). Profit margin: 24% (up from 21% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 24
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 7.8% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (6.5%). Lower than average of industry peers (6.1%). Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: NT$1.31 (vs NT$0.073 loss in 2Q 2021) Second quarter 2022 results: EPS: NT$1.31 (up from NT$0.073 loss in 2Q 2021). Revenue: NT$3.17b (up NT$3.16b from 2Q 2021). Net income: NT$842.0m (up NT$888.4m from 2Q 2021). Profit margin: 27% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. 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 18% per year, which means it is well ahead of earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Director Chen-Hua Hsu was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 30
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: NT$1.18 (down from NT$1.30 in FY 2020). Revenue: NT$4.27b (down 7.4% from FY 2020). Net income: NT$754.0m (down 8.3% from FY 2020). Profit margin: 18% (in line with FY 2020). Revenue missed analyst estimates by 57%. Earnings per share (EPS) also missed analyst estimates by 89%. 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 20% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Mar 23
Sakura Development Co.,Ltd, Annual General Meeting, Jun 16, 2022 Sakura Development Co.,Ltd, Annual General Meeting, Jun 16, 2022. Location: B1F., No. 57, Guanqian Rd., West Dist., Taichung City, Hotel National Taichung City Taiwan Agenda: To consider 2021 Business Report; to consider Audit Committee's review of the 2021 annual final accounting books and statements; to consider Report on 2021 employees' and directors' remuneration; to consider Acknowledgment of the 2021 Business Report and Financial Statements; to consider Acknowledgment of the 2021 Earnings Distributions; to consider Discussion of amendment to 'Articles of Incorporation'; to consider Discussion of amendment to 'Procedures for Election of Directors'; to consider Discussion of amendment to 'Procedures for Asset Acquisition & Disposal'; to consider 2021 New common share issuance through the increase of capital by capitalization of retained earnings and capital reserve; and to consider other matters. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS NT$0.66 (vs NT$0.11 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: NT$1.99b (up 176% from 3Q 2020). Net income: NT$422.1m (up 487% from 3Q 2020). Profit margin: 21% (up from 10.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 15
Upcoming dividend of NT$0.20 per share Eligible shareholders must have bought the stock before 22 September 2021. Payment date: 27 October 2021. Trailing yield: 0.6%. Lower than top quartile of Taiwanese dividend payers (5.2%). Lower than average of industry peers (4.5%). Reported Earnings • Aug 11
Second quarter 2021 earnings released: NT$0.08 loss per share (vs NT$0.25 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: NT$980.0k (down 100% from 2Q 2020). Net loss: NT$46.4m (down 134% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • May 13
First quarter 2021 earnings released: NT$0.07 loss per share (vs NT$0.18 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$166.1m (down 76% from 1Q 2020). Net loss: NT$37.4m (down 137% from profit in 1Q 2020). 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 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 26
Full year 2020 earnings released: EPS NT$1.48 (vs NT$2.71 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: NT$4.62b (down 38% from FY 2019). Net income: NT$822.1m (down 45% from FY 2019). Profit margin: 18% (down from 20% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS NT$0.13 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: NT$718.4m (down 41% from 3Q 2019). Net income: NT$71.9m (down 61% from 3Q 2019). Profit margin: 10.0% (down from 15% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year.