1. Taiwan Stocks

  2. •

    Retail trade

  3. •

    Department stores
Tonlin Department Store Co., Ltd.

Tonlin Department Store Co., Ltd.

TTWSE:2910
23.20
TWD
-0.10
(-0.43%)
1.84EPS
12.37P/E
3.98BMarket 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
3.79
5.6
3.82
3.8
1.61
2.63
3.71
3.16
3.01
4.06
3.9
3.46
2.96
3.09
Basic EPS, GAAP
0.57
0.97
0.46
0.21
0.15
0.51
0.64
0.65
0.8
0.55
1.17
1.13
1.23
1.84
Free Cash Flow per Basic Share
-1.38
2.33
0.4
-0.01
-1.99
-1.99
1.16
0.9
1.02
3.01
1.6
2.42
1
1.88
Dividend per Share
1
0.7
0.7
- -
0.5
- -
- -
0.7
0.5
0.5
- -
0.34
0.95
- -
Book Value per Share
12.67
12.98
12.6
12.9
12.53
12.83
13.53
13.47
13.67
13.61
14.77
15.51
15.72
15.78
Tangible Book Value per Share
12.67
12.98
12.6
12.9
12.53
12.83
13.48
13.42
13.62
13.56
14.72
15.47
15.68
15.74
Basic Weighted Avg Shares
175
175
175
175
175
175
175
175
175
175
175
175
175
175
Sales/Revenue/Turnover
663
981
670
666
282
462
650
554
529
712
684
606
518
541
Operating Margin (%)
20.59
20.95
15.44
8.38
32.02
31
16.5
29.19
24.79
23.09
30.54
39.13
53.85
53.81
Depreciation Expense
40
46
53
46
26
41
86
82
74
75
77
78
77
78
Net Income, GAAP
100
171
81
37
26
90
112
114
141
96
205
198
215
321
Effective Tax Rate (%)
22.47
15
14.47
40.06
- -
15.99
16.18
26.93
0.81
16.12
11.83
27.82
19.38
13.69
Profit Margin (%)
15.06
17.39
12.03
5.49
9.21
19.5
17.19
20.59
26.62
13.54
29.95
32.66
41.49
59.4
Working Capital
-88
-676
-290
-1,067
79
-464
-133
10
172
-77
150
195
386
151
LT Debt
769
560
1,245
320
1,630
1,821
2,006
2,116
2,120
1,844
1,796
2,254
2,687
2,874
Total Equity
2,217
2,275
2,211
2,264
2,197
2,251
2,374
2,363
2,397
2,388
2,590
2,721
2,758
2,768
Return on Invested Capital (%)
2.4
3.66
1.78
0.66
- -
2.12
1.53
2.05
2.3
2.53
3.53
3.2
3.93
4.22
Return on Capital (%)
2.68
4.14
2.2
1.06
- -
2.05
2.44
2.44
3.01
2.34
4.73
4.37
4.54
6.28
Return on Common Equity (%)
4.43
7.59
3.59
1.63
1.16
4.05
4.83
4.82
5.91
4.03
8.23
7.45
7.85
11.91

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
468
553
703
LT Borrowings
2,685
2,663
2,873
LT Finance Leases
2
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
175
175
175
Market Capitalization
3,622
3,683
3,982

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,045
1,047
1,045
Cash, Cash Equivalents & STI
874
884
885
Accounts Receivable, Net
3
2
3
Inventories
124
124
114
Total Current Liabilities
659
925
894
Payables & Accruals
- -
- -
- -
ST Debt
468
553
703
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.28%
3.19%
1.35%
Free Cash Flow
2,766.55%
30.59%
-58.82%
Net Income, GAAP
29.92%
21.92%
8.66%
Sales/Revenue/Turnover
3.18%
0.05%
-14.47%
Total Cash Common Dividend
- -
- -
179.17%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
131
202
126
148
606
2025
127
130
131
130
518
2026
135
145
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.29
0.32
0.22
0.3
1.13
2025
0.3
0.11
0.49
0.33
1.23
2026
0.29
0.73
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.34
2025
- -
- -
- -
- -
0.95
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hua Li Weng
Full Time Employees
70
Sector
Retail trade
Industry
Department stores
Address
No. 197, Zhongxiao East Road Taipei TP Taiwan 10690
IPO Date
Dec 30, 1996
Website
tonlin.com.tw
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Business
Tonlin Department Store Co., Ltd. (2910.TW) operates department stores, real estate leasing, and residential construction sales in Taiwan; offers fashion, beauty, and lifestyle products alongside cafes and restaurants through its Taoyuan Branch, transformed into a lifestyle mall since reopening in September 2018 with cinema, medium- and large-scale dining brands, recreational space, designer clothing, and Eslite bookstore; leases commercial space at its Taipei Branch located at No. 197, Zhongxiao East Road, Section 4; and through subsidiary De Hong Development Co., Ltd., sells remaining units from the completed Yangmingshan residential project in Taipei City and the Jiaoxi project in Yilan County, with one and three units unsold as of end-2024 respectively. Founded in 1971 and headquartered in Taipei, the company targets consumer and retail markets across Taiwan with approximately 200 employees; generates revenue from department store commissions, rental income, construction sales, and other operating activities; reported consolidated operating revenues of NT$606 million, gross profit of NT$431 million, and net income of NT$198 million for 2024. In August 2023, the company completed a simplified merger under Article 19 of the Business Mergers and Acquisitions Act as the surviving entity, absorbing wholly-owned subsidiaries Shun Tai Investment Co., Ltd., Guan Chan Investment Co., Ltd., Jia Fong Investment Co., Ltd., and Song Yuan Investment Co., Ltd., with merger reference date August 31, 2023, and regulatory approval on December 12, 2023 to integrate group resources and achieve operational synergies; re-elected its board of 10 directors including three independents on June 24, 2024 for a three-year term ending June 23, 2027; and amended its Operational Procedures for the Acquisition and Disposal of Assets during the 2024 shareholders' meeting to align with operational needs.