Happytuk Co., Ltd.

Happytuk Co., Ltd.

TTPEX:7584
33.85
TWD
+3.05
(+9.90%)
-3.67EPS
480.64MMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
25.67
29.59
39.34
41.14
44.66
39.88
65.76
58.29
55.58
Basic EPS, GAAP
1.08
2.36
5.17
7.44
5.08
5.94
4.06
-1.98
-3.68
Free Cash Flow per Basic Share
1.29
5.75
7.57
-2.5
4.58
3.3
5.21
-3.82
-2.24
Dividend per Share
- -
- -
0.31
0.76
0.91
4
3.78
4
- -
Book Value per Share
4.99
8.94
13.88
20.42
23.63
25.49
34.44
28.21
27.21
Tangible Book Value per Share
4.07
7.48
11.06
1.13
4.18
19.8
12.15
7.98
6.43
Basic Weighted Avg Shares
11
12
15
15
15
15
15
16
16
Sales/Revenue/Turnover
277
352
571
598
649
579
1,012
960
911
Operating Margin (%)
7.13
8.4
15.53
21.57
17.66
8.99
9.43
-0.66
-5.3
Depreciation Expense
22
35
35
34
35
43
60
83
83
Net Income, GAAP
12
28
75
108
74
86
63
-33
-60
Effective Tax Rate (%)
48.69
22.53
21.74
19.61
20.41
18.81
20.13
- -
- -
Profit Margin (%)
4.21
7.97
13.15
18.09
11.38
14.89
6.18
-3.39
-6.62
Working Capital
52
75
97
116
-111
106
17
-70
-112
LT Debt
- -
2
1
38
19
2
10
12
6
Total Equity
74
129
202
297
343
370
569
464
437
Return on Invested Capital (%)
- -
20.56
37.64
35.65
24.93
11.06
14.87
- -
- -
Return on Capital (%)
- -
28.45
44.33
39.8
21.04
23.28
13.3
- -
- -
Return on Common Equity (%)
- -
27.69
45.32
43.38
23.08
24.19
13.34
-6.31
-12.68

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
59
72
60
LT Borrowings
4
3
3
LT Finance Leases
8
6
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
16
16
16
Market Capitalization
646
534
481

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
226
206
198
Cash, Cash Equivalents & STI
126
104
94
Accounts Receivable, Net
68
66
79
Inventories
3
- -
- -
Total Current Liabilities
296
313
310
Payables & Accruals
- -
- -
- -
ST Debt
59
72
60
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
21.18%
-18.39%
Free Cash Flow
- -
-111.18%
-178.56%
Net Income, GAAP
- -
-30.1%
-152%
Sales/Revenue/Turnover
- -
14.38%
-5.13%
Total Cash Common Dividend
- -
- -
13.33%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
151
256
324
281
1,012
2025
302
225
214
218
960
2026
225
254
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.4
0.42
2.66
-0.38
4.06
2025
1.54
-0.94
-1.35
-1.18
-1.98
2026
-1.23
0.14
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.78
2025
- -
- -
- -
- -
4
2026
- -
- -
- -
- -
- -

Company Description

CEO
Min Yung Liang
Full Time Employees
80
Sector
Technology services
Industry
Packaged software
Address
No. 205-3, Beixin Road New Taipei TP Taiwan 231
IPO Date
Jul 25, 2024
Business
Happytuk Co., Ltd. is a Taiwan-based technology company specializing in the development and agency operation of digital games, with a primary focus on providing PC, mobile, and other online game services. Founded in 2012 and headquartered in New Taipei City, the company operates within the electronic gaming and multimedia sector, acting as a key intermediary connecting global game developers with Asian gaming communities. Happytuk's core products and services include agency operations for domestic and foreign games spanning multiple game genres and platforms, encompassing online, mobile, and PC games. The company supports game publishing, distribution, platform operation, and marketing services, facilitating access to games for the Taiwanese and broader Asian markets. In terms of recent major developments, Happytuk formed a strategic partnership with ONE Store, Korea's leading app market, to co-launch an alternative app market service in Taiwan targeting local consumers. This collaboration includes joint platform and ecosystem operations, marketing efforts, and game content sourcing, with plans to expand market reach by integrating a diverse range of game content and seamless payment options. The partnership reflects a significant strategic expansion and operational shift toward app market services and broader digital content ecosystems. Happytuk also benefits from its relationship as a subsidiary of HANBIT SOFT Inc. and actively engages in alliances that enhance its ability to connect developers and users within Asia's digital entertainment landscape. The company primarily targets electronic gaming consumers across Taiwan and Asian markets, leveraging its network and operational expertise to drive growth in game agency activities and digital content distribution. Happytuk's business is positioned within the Communication Services sector, specifically Software & IT Services and Internet Gaming segments, with consistent revenue growth driven by game agency operations and expansion into alternative app marketplace services. Its operational footprint centers on Taiwan, with strategic international partnerships to enable regional expansion and diversification of offerings. This comprehensive approach situates Happytuk Co., Ltd. as a dynamic player in the regional digital entertainment and gaming industry, focusing on evolving game distribution models and expanding its service portfolio through strategic alliances and localized market adaptation in recent years. The company continues to enhance its product and service mix with an emphasis on digital game agency, platform operation, app marketplace services, and marketing support in the growing Asian gaming market.