The ongoing capacity expansion project is seen as a part of Hiroca’s long-term business plans to reduce its reliance on its major Japanese brand-name customers, Huang said. Revenue from Japanese clients — including Toyota, Honda, and Nissan — accounted for 63.8 percent of the Taiwanese firm’s total sales last year, company data showed. “We aim to lower the revenue contribution from Japanese customers to less than 60 percent over the next three years,” Huang told the Taipei Times. The company plans to allocate nearly 150 million yuan (US$21.9 million) for capital expenditure this year, up from last year’s 120 million yuan, Hiroca chief financial officer Sheng-chang Huang (黃盛昌) said. Shareholders of Hiroca yesterday approved the distribution of a cash dividend of NT$4 per share from last year’s net profit of NT$685.3 million (US$22.8 million), or earnings per share of NT$8.17.

Source: Taipei Times May 31, 2017 16:16 UTC