1. Taiwan Stocks

  2. •

    Health technology

  3. •

    Medical specialties
Formosa Optical Technology Co., Ltd.

Formosa Optical Technology Co., Ltd.

TTPEX:5312
89.00
TWD
-0.30
(-0.34%)
7.31EPS
12.03P/E
5.29BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
36.99
39.96
42.32
44.8
47.48
51.05
53.55
50.98
48.51
54.91
64.33
66.13
68.74
73.13
Basic EPS, GAAP
5.94
5.87
6.22
5.98
5.06
4.22
6.31
5.13
4.83
2.83
6.96
8.24
6.41
7.32
Free Cash Flow per Basic Share
2.84
3.84
-9.59
4.27
4.77
6.23
7.9
6.88
9.08
9.25
11.12
9.71
8.84
10.12
Dividend per Share
3.6
4.2
3.6
3.6
3.6
3.8
3.8
4
4
4.3
4.3
6
7.5
- -
Book Value per Share
32.89
35.55
37.68
38.04
38.46
39.52
42.07
43.3
44.08
43.17
49.25
57.82
62.08
71.37
Tangible Book Value per Share
32.75
35.36
37.54
37.91
38.35
39.34
41.81
43.01
43.77
42.85
48.99
57.54
61.43
70.53
Basic Weighted Avg Shares
60
60
60
60
60
60
60
60
60
60
60
60
60
60
Sales/Revenue/Turnover
2,222
2,400
2,541
2,691
2,852
3,066
3,216
3,062
2,913
3,298
3,864
3,972
4,129
4,389
Operating Margin (%)
5.28
5.78
4.99
4.69
5.47
5.52
5.16
4.13
2.34
5.67
8.49
8.38
7.24
6.98
Depreciation Expense
57
64
74
88
92
97
431
449
448
475
499
516
552
586
Net Income, GAAP
357
352
373
359
304
254
379
308
290
170
418
495
385
440
Effective Tax Rate (%)
17.62
18.89
18.6
19.01
19.11
32.43
14.76
18.08
18.39
17.32
16.32
19.95
19.3
16.29
Profit Margin (%)
16.07
14.69
14.69
13.35
10.66
8.27
11.79
10.07
9.95
5.16
10.82
12.46
9.33
10.02
Working Capital
296
299
71
176
131
142
-185
-458
-406
1,302
1,656
1,962
1,977
2,426
LT Debt
- -
- -
526
609
578
545
971
990
899
872
1,032
1,022
1,258
1,346
Total Equity
1,975
2,135
2,263
2,302
2,324
2,384
2,536
2,606
2,649
2,599
2,964
3,479
3,729
4,286
Return on Invested Capital (%)
3.55
3.99
3.55
3.02
3.71
3.34
3.62
2.31
1.2
3.12
4.9
4.19
3.32
3.45
Return on Capital (%)
17.54
15.18
13.05
11.02
9.33
7.74
10.25
7.31
6.73
3.96
8.11
8.45
5.98
6.66
Return on Common Equity (%)
19.8
17.15
16.98
15.8
13.24
10.83
15.47
12.03
11.05
6.5
15.06
15.39
10.7
12

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,753
2,722
2,634
LT Borrowings
282
275
267
LT Finance Leases
976
986
1,078
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
60
60
Market Capitalization
6,066
5,766
5,291

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
5,501
5,515
6,118
Cash, Cash Equivalents & STI
4,458
4,426
4,995
Accounts Receivable, Net
29
29
35
Inventories
861
904
947
Total Current Liabilities
3,524
3,442
3,692
Payables & Accruals
- -
- -
- -
ST Debt
2,753
2,722
2,634
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.28%
7.67%
7.19%
Free Cash Flow
-5.57%
6.51%
-8.94%
Net Income, GAAP
8.97%
18.91%
-22.14%
Sales/Revenue/Turnover
5.17%
6.45%
3.94%
Total Cash Common Dividend
- -
- -
25%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,024
955
1,013
980
3,972
2025
1,001
960
1,040
1,127
4,129
2026
1,125
1,098
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.37
1.79
2.49
1.59
8.24
2025
2
0.76
2.6
1.06
6.41
2026
1.48
2.19
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
6
2025
- -
- -
- -
- -
7.5
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
I Shan Tsai
Full Time Employees
1,380
Sector
Health technology
Industry
Medical specialties
Address
No.97, Xintai, 5th Road New Taipei TP Taiwan 221
IPO Date
May 25, 1996
Website
formosa-optical.com.tw
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Business
Formosa Optical Technology Co., Ltd. (5312.TWO) operates as Taiwan's largest optical retail chain, providing comprehensive eyecare products and professional optometry services through an extensive network of stores. The company offers optical frames including near-sighted, astigmatism, far-sighted, and progressive multi-focal lenses; sunglasses frames and lenses; contact lenses encompassing transparent, colored, long-wear, disposable, astigmatism, and corneal discoloration varieties; eye drops; and advanced optometry equipment, all distributed via over 450 direct sales stores nationwide and complemented by e-commerce platform EYESmart. Founded in 1976 and headquartered at 16F., No. 97, Sec. 1, Xintai 5th Rd., Xizhi Dist., New Taipei City, Taiwan, it listed on the Taipei Exchange in 1996 and primarily serves domestic consumers with a membership base exceeding 4 million. In recent developments, Formosa Optical has accelerated its digital transformation by partnering with Appier since around 2019, implementing a Customer Data Platform in 2024 to unify online and offline data for AI-driven customer segmentation, behavior prediction, and personalized recommendations across its mobile app, website, email, and SMS channels. This initiative includes launches of AI-powered personalization features, CRM enhancements, augmented reality (AR) contact lens try-on capabilities, and omnichannel marketing strategies, culminating in the company winning the 2025 IDC Future Enterprise Awards Special Award for Customer Experience in both Asia/Pacific and Taiwan categories on November 26, 2025. These enhancements have shortened marketing campaign workflows sevenfold, boosted e-commerce conversions, and improved repurchase rates while leasing facilities to affiliate Yung Sheng Optical Co., Ltd., reinforcing its position in Taiwan's eyewear retail sector.