Financial Performance

Delivering Excellence
Facing rapid changes in the business environment, FEDS has established a new operating model with low operational leverage. The company continuously promotes management and innovation initiatives, enabling consistent outstanding performance in the competitive department store market.
According to data from the Statistics Division of the Ministry of Economic Affairs, the sales of Taiwan’s department store market reached NT$449.1 billion in 2024, a modest growth of 1.45% compared to the previous year. FEDS capitalizes on this stable market foundation, actively attracting consumer attention through diverse marketing activities and strategies, effectively increasing customer traffic and sales. In 2024, FEDS completed major renovations at its Taichung Top City and Banqiao Mega City stores—both over a decade old—refreshing the shopping experience for customers. Despite challenging market conditions, the company achieved impressive revenue of NT$59.3 billion, operating profit of NT$2.5 billion, and pre-tax net profit of NT$2.7 billion in 2024, continuing to deliver outstanding performance.
Operating Performance
Consolidated Sales
Sales
Operating profit
Unit: NT$ billion
Financial Performance
Unit: NT$ thousands

Item | 2022 | 2023 | 2024 | |
Operating Ability | Total Assets | 126,901,554 | 133,831,038 | 142,263,215 |
Total Liabilities | 86,354,290 | 96,357,230 | 104,872,178 | |
Total Shareholders’ Equity | 40,547,264 | 37,473,808 | 37,391,037 | |
Operating Revenue | 35,863,910 | 36,725,103 | 35,006,753 | |
Net Profit after Tax (Attributable to the Parent Company) | 1,930,174 | 2,752,303 | 2,325,717 | |
Economic Value Distributed | Employee Remuneration and Benefits | 3,821,341 | 4,015,387 | 3,859,643 |
Distribution of Shareholder Dividends | 2,601,915 | 4,171,505 | 3,113,470 | |
Interest Paid | 220,561 | 327,572 | 390,333 | |
Paying Government Income Tax | 540,354 | 628,672 | 1,129,805 | |
Community Investment | 2,400 | 2,163 | 3,417 | |
Profitability | Return on Assets (%) | 2.64 | 3.63 | 2.96 |
Return on Equity (%) | 6.73 | 10.15 | 7.67 | |
Earnings Per Share (EPS, NT$) | 1.37 | 1.95 | 1.65 |
Note:
The information listed under “Economic value distributed” is the consolidated information of five companies, namely FEDS, Far Eastern SOGO, The Mall, City’Super and A.Mart. The information provided includes employee salaries and benefits, director remuneration, transportation expenses, and Far Eastern SOGO training costs. The community investment is only listed under the parent company, Far Eastern Department Stores.