1. Taiwan, Province of China Stocks

  2. •

    Technology

  3. •

    Electronic Gaming & Multimedia
USERJOY Technology Co.,Ltd.

USERJOY Technology Co.,Ltd.

3546.TWO
USERJOY Technology Co.,Ltd.TW flagTaipei Exchange
83.20
TWD
-0.60
- -
4.86BMarket Cap
USERJOY Technology Co.,Ltd.
3546.TWO
(Taipei Exchange)

Recent

price

82.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
24.08
15.21
15.86
13.78
12.78
11.14
13.3
17.35
19.64
19.82
26.66
29.07
27.11
23.4
23.86
- -
23.08
Revenue per Share
6.86
0.33
1.82
0.56
0.11
-0.49
2.33
2.99
3.3
3.43
4.87
4.96
5.54
3.67
5.04
- -
1.87
Basic EPS, GAAP
7.84
1.03
4.27
-2.19
1.24
0.19
2.69
-0.25
3.14
2.03
6.02
5.39
6.01
3.14
-2.85
- -
1.53
Free Cash Flow per Basic Share
3.77
4.52
0.29
1.62
0.89
0.3
- -
1.52
2.01
3.07
2.4
3.68
4.12
4.54
3.46
- -
- -
Dividend per Share
14.92
9.72
11.21
12.39
8.92
8.13
10.11
11.51
12.56
12.43
14.25
15.02
16.01
14.73
16.04
- -
13.24
Book Value per Share
17.88
13.97
15.57
14.21
13.84
13.46
16.75
18.6
19.67
19.93
22.35
24.32
25.16
25.9
27.21
- -
23.52
Tangible Book Value per Share
56
57
58
58
58
58
57
57
58
58
58
58
58
58
58
- -
62
Basic Weighted Avg Shares
1,348
864
919
795
736
642
763
989
1,133
1,148
1,550
1,698
1,584
1,367
1,394
1,423
1,423
Sales/Revenue/Turnover
35.39
7.63
17.06
6.7
0.65
-4.75
18.75
20.17
19.66
19.74
21.62
21.85
17.77
15.77
18.62
10.53
10.53
Operating Margin (%)
46
76
71
62
49
42
40
38
21
30
35
36
36
64
43
65
65
Depreciation Expense
384
19
106
33
6
-28
134
170
191
199
283
290
324
214
294
115
115
Net Income, GAAP
12.93
77.56
28.97
49.03
73.68
- -
18.26
15.31
20.21
17.07
17.81
16.24
18.32
17.54
15.69
11.17
11.17
Effective Tax Rate (%)
28.5
2.17
11.5
4.09
0.83
-4.41
17.55
17.24
16.81
17.33
18.25
17.06
20.44
15.68
21.12
8.09
8.09
Profit Margin (%)
772
597
718
645
620
587
828
905
912
900
1,178
1,276
1,361
1,208
1,262
1,047
1,047
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
5
1
2
2
1
350
327
327
LT Debt
1,144
921
1,023
931
894
849
1,005
1,082
1,158
1,180
1,333
1,456
1,513
1,535
1,628
1,519
1,519
Total Equity
38.87
1.43
11.4
2.75
0.14
- -
12.48
15.93
15.52
15.53
21.12
21.67
15.22
11.53
12.25
6.81
6.81
Return on Invested Capital (%)
50.37
2.7
17.37
4.8
0.96
- -
25.32
27.44
27.59
27.29
36.1
33.67
35.33
23.68
27.45
9.8
9.8
Return on Capital (%)
50.41
2.7
17.59
4.77
1
-5.76
25.56
27.58
27.59
27.54
36.55
33.97
35.71
23.88
32.74
13.12
13.12
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
31
29
26
LT Borrowings
336
331
326
LT Finance Leases
2
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
58
58
58
Market Capitalization
5,707
5,098
4,784

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
1,679
1,446
1,602
Cash, Cash Equivalents & STI
1,437
1,175
1,252
Accounts Receivable, Net
167
145
173
Inventories
- -
- -
- -
Total Current Liabilities
604
413
555
Payables & Accruals
- -
- -
- -
ST Debt
31
29
26
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.19%
2.79%
-6.72%
Free Cash Flow
-41.75%
-78.78%
-156.68%
Net Income, GAAP
-53.12%
-8.66%
-60.9%
Sales/Revenue/Turnover
9.26%
-1.37%
2.09%
Total Cash Common Dividend
- -
11.97%
7.63%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
381
313
293
380
1,367
2024
382
316
317
379
1,394
2025
346
284
338
454
1,423

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.92
1.31
0.66
- -
3.67
2024
1.52
0.94
0.59
- -
5.04
2025
0.9
-0.44
0.05
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
4.54
2024
- -
- -
- -
- -
3.46
2025
- -
- -
- -
- -
- -
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Business
USERJOY Technology Co.,Ltd. USERJOY Technology Co.,Ltd. (3546.TWO) designs, develops, researches, and sells online, mobile, PC, and console game software primarily in Taiwan and internationally. The company offers a diverse portfolio of products including massively multiplayer online role-playing games such as the Kingdom Heroes Online series and Kingdom Heroes M; web and mobile games like Fantasia Sango series, Angel Love Online series, Let's Vegas Slots, Seven Mortal Sins X-TASY, and Antivine; single-player PC games including Super Heroes series, The Twin Heroes series, and The Legend of Sacred Stone EX; console games; AR/VR titles like Drone Striker VR; and emerging offerings in cross-platform, cloud gaming, esports with Code-F, and AI-enhanced gaming experiences. It operates through self-publishing, licensing intellectual properties such as Kingdom Heroes and Fantasia Sango for anime, manga, and metaverse applications, and distribution channels, serving gamers in Asia including Japan, China, Southeast Asia, North America, and Europe; USERJOY Technology Co.,Ltd. was founded in 1995 and is headquartered at 17F.-8, No. 2, Jian 8th Rd., Zhonghe Dist., New Taipei City, Taiwan, with subsidiaries including USERJOY JAPAN Co., Ltd., Beijing Airship Software Co., Ltd., and overseas branches in Indonesia. Recent developments include the 2023 global cross-platform releases of Fantasia Sango Mysteria mobile, Kingdom Heroes Tactics mobile, Kingdom Heroes M on Steam, Antivine mobile, and YAAS Vegas casino slots; the launch of The Legend of Heroes: Trails of Cold Steel - Northern War animation and its mobile adaptation in Japan; expansion into Game as a Service models with regular content updates; strategic focus on AI integration for character design, scripts, and customer service; IP pan-entertainment extensions combining games with metaverse projects; and cross-platform services for titles like Kingdom Heroes M and Fantasia Sango to enhance player accessibility across PC, mobile, and TV.