Taiwan’s Yageo Corp., a leading passive components manufacturer, reported annual profits of NT$19.36 billion (US$608.5 million) for 2024, representing an 11.1% increase from the previous year with earnings per share of NT$38.13.
Looking ahead to the first quarter of 2025, Yageo expects revenue to remain level with the fourth quarter of 2024, while forecasting gross margin and operating profit margin to increase by 1.5 to 3 percentage points sequentially.
The company cited stable orders and backlog as supporting its Q1 outlook. Yageo noted that artificial intelligence applications and China’s electric vehicle sector continue to show strong momentum, contributing to improved gross margins through favorable product mix and increased AI customer shipments.
During an investor conference call, Yageo executives confirmed that fourth-quarter results met expectations, with revenue and margin primarily affected by seasonal factors and product mix adjustments. The company reported Q4 consolidated revenue of NT$30.01 billion (US$943.3 million), down 5.5% quarter-on-quarter but up 9.7% year-over-year.
Q4 profit attributable to parent company shareholders fell to NT$3.65 billion (US$114.7 million), representing decreases of 35.5% quarter-on-quarter and 23% year-over-year – marking its lowest point since Q4 2020. The company explained this decline was partly due to a one-time tax expense of NT$1.21 billion related to global tax and group capital planning.
Yageo’s board approved a cash dividend of NT$20 per share for the second half of 2024, which will be discussed at the shareholders’ meeting scheduled for May 27.
