YAGEO Corp. posted a 20.5% year-on-year increase in first-quarter profit as the Taiwanese electronic components maker continues to benefit from improving market conditions and higher margins despite geopolitical concerns.
The company reported NT$5.53 billion (US$185 million) in net profit for the January-March period, with earnings per share of NT$10.77. Quarterly revenue rose 9.1% from a year earlier to NT$31.1 billion.
Gross margin improved to 35.6%, up 1.8 percentage points year-on-year, while operating margin climbed to 20.8%, reflecting more efficient operations amid recovering demand.
YAGEO absorbed NT$126 million in consultant expenses related to its proposed acquisition of Japan’s Shibaura Electronics, which the company is pursuing despite reported resistance from the target. The Taiwanese firm announced in February its intention to acquire the thermistor manufacturer for approximately US$429 million, even without management consent.
Looking ahead, YAGEO cited normalizing customer inventory levels and expressed optimism about AI applications, while acknowledging ongoing risks from potential tariff changes and geopolitical tensions.
