Julian Ho, Taipei; Adam Hwang, DIGITIMES [Friday 28 March 2014]
Taiwan-based EMS provider Lite-On Technology on March 27 announced that it will acquire a 100% stake in LarView Technologies, its CCM (compact camera module) joint venture established in 2012 with handset-use lens module maker Largan Precision and Japan-based TDK, for NT$500 million (US$16.4 million). The acquisition will be finished by the end of June 2014.
Lite-On Technology will acquire a 70% stake in LarView from Largan and 14% from TDK. Through the acquisition, Lite-On Technology will obtain LarView’s automated CCM production lines, CCM micro-packaging technology and R&D staff to expand its CCM production capacity to meet increasing orders from smartphone and tablet vendors, Lite-On said.
Lite-On released its financial report for the fourth quarter of 2013 at a March 27 investors conference. Of fourth-quarter 2013 consolidated revenues, 44.77% came from components/devices used in notebooks, desktops, tablets, servers and networking equipment, 30.43% from LED devices, CCMs, chassis and components for hand-held terminal devices, 19.9% from optical disc drives and SSDs, and 4.9% from LED lighting products, automotive electronics and green energy products, Lite-On Technology indicated.
Lite-On Technology’s board of directors has decided to distribute a dividend per share of NT$2.76, NT$2.71 in cash and NT$0.05 in stock, for 2013.
Lite-On Technology: Financial report, 4Q13 (NT$b)
| Item | Amount | Q/Q | Y/Y | 2013 amount | Y/Y |
| Consolidated revenues | 59.359 | 4.00% | 12.22% | 213.214 | (1.31%) |
| Gross margin | 13.26% | down 1.34pp | down 1.37pp | 14.31% | up 0.17pp |
| Net operating profit | 2.617 | (14.06%) | (8.82%) | 10.042 | (7.69%) |
| Net profit | 2.519 | 4.09%% | 8.72% | 8.755 | 18.28% |
| Net EPS (NT$) | 1.09 | 3.83 |
Source: Company, compiled by Digitimes, March 2014
