Yulon Nissan Motor Co., Ltd.

Yulon Nissan Motor Co., Ltd.

TTWSE:2227
42.40
TWD
-0.10
(-0.24%)
-0.24EPS
14.85BMarket Cap
Nov 10Next Earn
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
104.95
110.59
110.73
116.2
110.74
104.19
108.33
98.87
82.23
78.69
87.12
77.11
50.44
45.33
Basic EPS, GAAP
24.33
21.75
13.89
15.44
22.14
19.63
24.27
21.8
10.09
8.04
3.87
5.57
1.3
-0.24
Free Cash Flow per Basic Share
0.37
-3.65
-5.35
-4.68
5.47
2.84
-5.49
0.59
-1.83
-7.61
3.72
-1.91
0.39
-0.88
Dividend per Share
13.3
19.47
30
12.5
22
21
17.67
21.27
18.53
9.06
7.22
3.48
3.9
- -
Book Value per Share
83.47
89.77
73.18
71.85
70.65
68.19
71.91
72.25
63.34
64.07
59.11
64.23
60.3
59.13
Tangible Book Value per Share
83.44
89.73
73.14
71.79
70.58
68.11
71.84
72.12
63.26
63.89
58.97
64.11
60.17
59.02
Basic Weighted Avg Shares
300
300
300
300
300
300
300
300
300
300
300
300
300
301
Sales/Revenue/Turnover
31,486
33,177
33,218
34,860
33,222
31,258
32,499
29,661
24,668
23,607
26,136
23,132
15,132
13,625
Operating Margin (%)
5.82
2.37
3.72
3.45
6.25
4.28
4.2
1.01
0.5
0.48
0.45
0.26
-4.05
-5.05
Depreciation Expense
469
452
438
448
488
416
498
657
692
608
401
309
282
312
Net Income, GAAP
7,300
6,524
4,166
4,631
6,643
5,890
7,282
6,541
3,026
2,411
1,161
1,670
390
-71
Effective Tax Rate (%)
17.11
18.72
16.68
17.1
17
23.27
20.09
19.85
20.38
20.33
21.08
18.52
26.09
- -
Profit Margin (%)
23.18
19.66
12.54
13.28
19.99
18.84
22.41
22.05
12.27
10.21
4.44
7.22
2.58
-0.52
Working Capital
12,963
9,894
5,324
6,533
6,238
5,041
11,292
5,816
2,882
3,252
7,046
6,808
5,446
5,067
LT Debt
1,000
- -
- -
- -
- -
- -
670
631
637
605
558
512
475
459
Total Equity
25,040
26,931
21,955
21,554
21,195
20,457
21,573
21,675
19,001
19,221
17,732
19,268
18,091
17,739
Return on Invested Capital (%)
6.06
2.11
3.54
3.82
7.29
4.8
4.94
1.04
0.45
0.45
0.48
0.26
-2.35
- -
Return on Capital (%)
29.56
22.14
14.88
18.27
28.68
28.29
34.09
29.35
14.45
12.22
6.11
8.78
2.05
- -
Return on Common Equity (%)
31.98
25.11
17.04
21.29
31.08
28.28
34.65
30.25
14.88
12.61
6.28
9.03
2.09
-0.42

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
46
43
39
LT Borrowings
- -
- -
- -
LT Finance Leases
475
466
459
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
300
300
300
Market Capitalization
16,650
14,985
14,850

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
7,115
7,156
7,242
Cash, Cash Equivalents & STI
6,381
6,218
6,177
Accounts Receivable, Net
190
379
640
Inventories
- -
- -
- -
Total Current Liabilities
1,669
1,673
2,174
Payables & Accruals
- -
- -
- -
ST Debt
46
43
39
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.74%
-3.28%
-6.11%
Free Cash Flow
-119.71%
-103.16%
-120.36%
Net Income, GAAP
-10.2%
-31.74%
-76.66%
Sales/Revenue/Turnover
-6.69%
-11.3%
-34.58%
Total Cash Common Dividend
-10.64%
-24.81%
12.07%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,596
5,917
5,263
4,356
23,132
2025
4,552
3,671
3,510
3,399
15,132
2026
3,159
3,557
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
1.28
0.34
1.95
5.57
2025
-0.52
-0.55
0.82
1.54
1.3
2026
-0.89
-1.71
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.48
2025
- -
- -
- -
- -
3.9
2026
- -
- -
- -
- -
- -

Company Description

CEO
Chen Hsiang Yao
Full Time Employees
6,558
Sector
Consumer durables
Industry
Motor vehicles
Address
39-2 Bogongkeng Miaoli TX Taiwan 367
IPO Date
Dec 21, 2004
Business
Yulon Nissan Motor Co., Ltd. (2227.TW) engages in the research, development, design, marketing, sales and after-sales service of Nissan- and Infiniti-brand vehicles in Taiwan and select international markets including the Philippines and China; core products encompass sedans such as Sentra and Altima, SUVs including X-Trail, Kicks and Ariya electric vehicle, e-POWER hybrid models like X-Trail e-POWER and Kicks e-POWER, commercial vehicles, diesel trucks and chassis, related spare parts, accessories and certified pre-owned vehicles; the company operates through a full value chain excluding manufacturing, which is handled by affiliates, and maintains joint ventures with Dongfeng Motor for China market development via Guangzhou Fengshen Automobile and Fengshen Xiangyang Automobile plants. Founded on October 22, 2003, as a joint venture between Yulon Motor Co., Ltd. (16.55% stake) and Nissan Motor Co., Ltd. (42.69% stake), Yulon Nissan Motor is headquartered at No. 39-2, Bogongkeng, Xihu Village, Sanyi Township, Miaoli County, Taiwan, with approximately 376 employees and subsidiaries focused on overseas investments. Recent developments include the 2024 launches of Kicks 24MY with TNCAP 5-star safety and AVM 360-degree view, All New Sentra MC with ProPILOT Level 2 assisted driving and 10 upgrades, All New X-Trail 25MY featuring VC-Turbo 1.5T engine, PFCW/RR-AEB safety and wireless Apple CarPlay/Android Auto, Infiniti Q50 24MY with V6 engine emphasis, alongside ARIYA electric SUV pre-orders exceeding 130 units and X-Trail e-POWER orders surpassing 3,000 units by April 2024; the company advances digital transformation via NISSAN Care APP, Service PAD, Customer Data Platform for online purchasing, OMO (online-merge-offline) integration and CPO platform with nationwide warranties driving 154% sales growth; service expansion targets 80 shops equipped for EV/e-POWER by 2025 with NT$12 million investment, aligning with Nissan's Arc strategy for 30 new models, 1 million extra sales volume and 6%+ operating margin; in November 2025, parent Yulon announced a strategic partnership with Hon Hai (Foxconn) involving Foxtron's potential acquisition of Luxgen assets to enhance electric vehicle competitiveness using global supply chains.