Johnson Health Tech, Taiwan’s largest fitness equipment manufacturer, reported a return to first-quarter profitability for the first time since 2019, buoyed by improved manufacturing efficiency and strong sales growth across both commercial and home market segments.
The Taichung-based company posted NT$10.61 billion (US$353 million) in Q1 consolidated revenue, a 32% increase from the same period last year, according to its May 8 statement. Net profit reached NT$276 million, reversing a NT$137 million loss in the year-earlier period.
Improved gross margins of 52.7%, up from 50.1% a year ago, contributed to the profit recovery as the company optimized its global manufacturing base. Expenses as a percentage of revenue also decreased by 2.3 percentage points compared to last year.
“The company’s strategy of diversifying manufacturing locations is paying dividends,” said Jason Lo, chairman of Johnson Health Tech. The company reported its Vietnam facility construction is ahead of schedule, with partial production beginning in Q3 2025.
The fitness equipment maker is strengthening its position in both home and commercial segments. April revenue showed continued momentum at NT$3.75 billion, up 22% year-over-year, bringing the four-month total to NT$14.3 billion—nearly 30% higher than the same period last year.
Johnson Health Tech’s commercial business saw over 20% growth in New Taiwan dollar terms, with its Matrix and Vision brands launching multiple new strength training products. The company claims its commercial sales growth outpaced competitors as it gained market share through new product introductions and gym equipment supplier contracts.
Looking ahead, Johnson Health Tech expects both revenue and profits to increase each quarter throughout 2025, supported by automation investments at its Wisconsin facility and the upcoming production capability in Vietnam.
