Q3 2026 eve ues we e $246.8 millio , a seque tial i c ease of 8.5% Q3 GM eached 34.2%, i li e with guida ce of a ou d 34%, a d up f om 33.1% i Q2 Q3 2026 afte -tax p ofit was $18.6 millio , o 10.7 ce ts pe diluted ADS, exceedi g the guida ce a ge of 8.0 to 10.0 ce ts, att ibutable to lowe -tha -expected ope ati g expe ses Himax Q4 2026 eve ues to decli e 22% to 26% QoQ. GM to be flat to slightly up. P ofit pe diluted ADS to be i the a ge of 4.5 ce ts to 6.5 ce ts Himax’s Q4 eve ue is p ojected to decli e QoQ, p ima ily due to co ectio s i automotive TDDI a d DDIC p oducts, eflecti g ab upt, sho t-te m o de adjustme ts by ce tai custome s. I co t ast, automotive Tco sales a e expected to ma k the thi d co secutive qua te of st o g g owth QoQ Despite Q4 sha p co ectio , Himax still expects FY26 automotive IC eve ue to g ow by app oximately 10% YoY, outpe fo mi g global automotive ma ket, with wo ldwide vehicle p oductio expected to decli e this yea . Himax’s ma ket leade positio emai s fi mly i tact FY26 automotive Tco sales set to g ow by ove 40% YoY with a othe st o g g owth expected ext yea Himax’s WiseEye tech ology co ti ues to gai t actio , pa ticula ly i the apidly expa di g sma t wea ables ma ket. Q4 Alibaba adopted Himax’s WiseEye AI p ocesso fo its latest Qwe Glasses, just o e qua te afte a othe leadi g global tech ology heavyweight a ou ced thei latest sma t glasses i co po ati g Himax’s WiseEye O CPO, Himax co ti ues to focus o fu the imp ovi g ma ufactu i g yields a d establishi g stable MP capabilities to suppo t the ext phase of p oductio scali g. The Compa y is glad to see its st ategic pa t e , FOCI, a ou ced capital expe ditu e fo the expa sio of both fab space a d ma ufactu i g equipme t i p epa atio fo FAU MP. Himax emai s co fide t that CPO busi ess will begi maki g a mea i gful co t ibutio to both top a d bottom li es sta ti g i 2027
TAINAN, Taiwa , Nov. 05, 2026 (GLOBE NEWSWIRE) — Himax Tech ologies, I c. (Nasdaq: HIMX) (“Himax” o “Compa y”), a leadi g supplie a d fabless ma ufactu e of display d ive s a d othe semico ducto p oducts, a ou ced its fi a cial esults fo the thi d qua te 2026 e ded Septembe 30, 2026.
“O automotive busi ess, the yea sta ted o a soft ote i Q1, followed by obust i ve to y eple ishme t i Q2 a d Q3, as ce tai pa el make s accele ated IC pu chases to meet su gi g o de s f om Chi ese automake s expa di g ove seas. I Q4, howeve , sho tly afte Chi a’s Natio al Day holidays i ea ly Octobe , we saw a sudde a d sizable decli e i dema d amo g the custome s that had pu chased agg essively i p io qua te s. We believe the ece t sig ifica t eductio i ou Q4 fo ecasts eflect i pa t Chi ese automake s’ ea lie , ove ly agg essive expo t expectatio s, alo g with thei g owi g co ce s ove i ve to y levels ac oss dist ibutio cha els. By co t ast, pa el make s p ima ily se vi g o -Chi a custome s have mai tai ed steady fo ecasts, with some posti g slight seque tial i c eases i thei fou th qua te o de s,” said M . Jo da Wu, P eside t a d Chief Executive Office of Himax.
“We believe the sha p decli e i the fou th-qua te automotive fo ecasts eflects ab upt, sho t-te m o de adjustme ts by ce tai custome s, while ou ma ket leade positio emai s fi mly i tact,” co cluded M . Jo da Wu.
Himax et eve ues egiste ed $246.8 millio , ep ese ti g a seque tial i c ease of 8.5%. G oss ma gi was 34.2%, i li e with guida ce of a ou d 34%, a d up f om 33.1% i the p evious qua te . Q3 p ofit pe diluted ADS was 10.7 ce ts, exceedi g the guida ce a ge of 8.0 to 10.0 ce ts, att ibutable to lowe -tha -expected ope ati g expe ses.
Reve ue f om la ge display d ive s came i at $19.0 millio , a slight decli e of 1% f om the p evious qua te . Both mo ito a d otebook IC sales decli ed qua te -ove -qua te as custome s had al eady pulled fo wa d i ve to y pu chases i p io qua te s. I co t ast, sales fo TV IC p oducts i c eased seque tially due to highe legacy p oduct shipme ts to key custome s. Sales of la ge pa el d ive ICs accou ted fo 7.7% of total eve ues fo the qua te , compa ed to 8.4% last qua te a d 9.5% a yea ago.
Reve ue f om the small a d medium-sized display d ive segme t totaled $176.8 millio , eflecti g a i c ease of 8.9% seque tially. Q3 automotive d ive sales, i cludi g both t aditio al DDIC a d TDDI, i c eased by solid double digits qua te -ove -qua te , ma ki g the seco d co secutive qua te of st o g g owth. This was p ima ily d ive by b oad custome dema d fo DDIC a d TDDI p oducts. Some pa el make s also accele ated IC pu chases i espo se to a su ge i o de s f om Chi ese automake s, which a e expa di g ove seas amid slowi g dema d i thei domestic ma ket. The mass p oductio of multiple LTDI p ojects ac oss automotive b a ds wo ldwide also co t ibuted to the qua te -ove -qua te g owth.
Q3 sma tpho e IC sales, cove i g both LCD a d OLED p oducts, i c eased seque tially, d ive by co ti ued shipme ts fo a leadi g sma tpho e b a d’s mai st eam models a d i ve to y build-up fo its ew p emium models. I co t ast, tablet IC sales dec eased seque tially as expected, p ima ily eflecti g custome s’ accele ated pu chases i the fi st half of the yea agai st the backd op of isi g memo y p ice se time t i the ma ket. The small a d medium-sized d ive IC segme t accou ted fo 71.6% of total sales fo the qua te , compa ed to 71.4% i the p evious qua te a d 70.8% a yea ago.
Q3 o -d ive sales eached $51.0 millio , a 11.2% i c ease f om the p evious qua te , att ibutable to obust automotive Tco shipme ts that exte ded the st o g mome tum f om Q2. This g owth was suppo ted by co ti ued legacy p oduct shipme ts to a b oad, dive sified custome base, as well as seve al ew p ojects e te i g mass p oductio . Tco busi ess accou ted fo ove 10% of total sales, with mo e tha half co t ibuted by automotive Tco . Himax co ti ues to hold a u disputed leade ship positio with a domi a t ma ket sha e i automotive Tco , pa ticula ly i solutio s featu i g local dimmi g fu ctio ality. Himax expects st o g g owth mome tum to co ti ue i to ext yea . No -d ive p oducts accou ted fo 20.7% of total eve ues, as compa ed to 20.2% i the p evious qua te a d 19.7% a yea ago.
Thi d qua te ope ati g expe ses we e $61.8 millio , a i c ease of 21.9% f om the p evious qua te a d 1.7% compa ed to the same pe iod last yea . The seque tial i c ease was mai ly att ibuted to the a ual bo us compe satio which the Compa y awa ds employees at the e d of Septembe each yea a d esults i much highe employee compe satio expe se compa ed to othe qua te s of the yea . Himax’s a ual bo us compe satio g a t fo 2026 was $13.3 millio , slightly highe tha the guida ce of $13 millio , as the bo us amou t, dete mi ed by the expected full-yea p ofit, was evised upwa d followi g a imp oved Q3 p ofit. Of the $13.3 millio , $11.8 millio was immediately vested a d expe sed i Q3. I cludi g the po tio of awa ds g a ted i p io yea s, the total bo us expe se fo Q3 2026 amou ted to $11.9 millio , highe tha $8.1 millio eco ded i Q3 2025. Fo efe e ce, the a ual bo uses g a ted fo 2025 a d 2024 we e $7.7 millio a d $12.5 millio espectively, of which $7.5 millio a d $11.2 millio we e vested a d expe sed immediately. Himax co ti ues to exe cise p ude t cost ma ageme t while p io itizi g st ategic i vestme ts i o -d ive IC busi esses that offe att active lo g-te m g owth oppo tu ities.
Thi d qua te ope ati g i come was $22.7 millio , ep ese ti g a ope ati g ma gi of 9.2%, compa ed to 10.8% i the p evious qua te a d egative 0.3% fo the same pe iod last yea . The seque tial decli e was p ima ily att ibutable to highe employee bo us expe se, which, as me tio ed ea lie , totaled $11.9 millio , compa ed to $0.2 millio last qua te . Mea while, the yea -ove -yea i c ease was p ima ily d ive by highe eve ues a d imp oved g oss ma gi . Thi d-qua te afte -tax p ofit was $18.6 millio , o 10.7 ce ts pe diluted ADS, compa ed to $19.9 millio , o 11.4 ce ts pe diluted ADS last qua te , a d up f om $1.1 millio , o 0.6 ce ts i the same pe iod last yea .
Himax had $285.3 millio cash, cash equivale ts a d othe fi a cial assets as of Septembe 30, 2026. This compa es to $278.2 millio at the same time last yea a d $298.7 millio a qua te ago. The seque tial decli e i cash bala ce mai ly eflected the $44 millio divide d a d $11.9 millio employee bo us payout. Q3 ope ati g cash i flow was $23.9 millio , compa ed to a i flow of $17.5 millio i Q2. The employee bo us paid out this yea i cluded $11.4 millio fo the immediately vested po tio of this yea ’s awa d a d $0.5 millio fo vested awa ds g a ted ove the past th ee yea s.
Himax’s qua te -e d i ve to ies as of Septembe 30, 2026 we e $159.8 millio , up f om $151.5 millio last qua te a d highe tha $137.4 millio i the same pe iod last yea . Himax’s i ve to y levels emai healthy, pa ticula ly co side i g exte ded ma ufactu i g lead times ac oss the i dust y. Accou ts eceivable at the e d of Septembe was $228.4 millio , up f om $220.3 millio last qua te a d $200.7 millio a yea ago. DSO was 93 days at the qua te e d, the same as last qua te a d 87 days a yea ago. Thi d qua te capital expe ditu e, p ima ily o R&D- elated equipme t fo the Compa y’s IC desig busi ess, was $3.9 millio , ve sus $4.3 millio last qua te a d $6.3 millio a yea ago.
As of Septembe 30, 2026, Himax had 174.5 millio ADS outsta di g, little cha ged f om last qua te . O a fully diluted basis, the total umbe of ADS outsta di g fo the thi d qua te was 174.4 millio .
Rega di g the p oposed divestitu e of its stake i a equity-method i vestee Himax a ou ced i July, the t a sactio is p og essi g as pla ed a d expected to close i Q4, subject to customa y closi g co ditio s a d egulato y app ovals. Upo closi g, Himax expects to ecog ize a p e-tax gai of app oximately $23 to $24 millio a d a afte -tax gai of app oximately $19 to $20 millio .
Dema d fo data ce te AI applicatio s emai s obust, with o sig s of slowi g. Notably, AI- elated dema d exte ds beyo d adva ced p ocess odes to a wide a ge of suppo ti g applicatio s i volvi g legacy p ocess odes, such as Photo ic ICs (PICs), i te pose s, powe ma ageme t ICs, a d MOSFETs. As the supply-dema d imbala ce co ti ues to i te sify, capacity at legacy p ocess odes is expected to tighte fu the i 2027. Agai st this backd op, fou d ies, as well as packagi g a d testi g p ovide s, i cludi g those i Chi a, have ece tly a ou ced sig ifica t p ice i c eases fo 2027.
I the face of these mou ti g supply chai p essu es, secu i g sufficie t capacity has become Himax’s top p io ity, pa ticula ly as automotive ow accou ts fo most of Himax’s eve ues. Automotive custome s have fa mo e st i ge t equi eme ts fo supply stability, lo g-te m capacity assu a ce, a d delive y eliability tha co sume elect o ics custome s do. Th ough a se ies of ece t p oactive measu es, Himax has fully secu ed capacity commitme ts fo 2027 f om key supplie s a d fo key p oduct a eas. I te ms of costs, Himax co ti ues to wo k closely with custome s to sha e the impact of isi g costs.
Himax’s Q4 eve ue is p ojected to decli e seque tially. This is p ima ily due to a ab upt a d sig ifica t co ectio i automotive d ive IC o de s, cove i g both TDDI a d DDIC. Automotive Tco sales, o the othe ha d, a e expected to co ti ue g owi g seque tially. It is wo th highlighti g that Himax’s automotive IC sales eco ded a dece t 16% yea -ove -yea i c ease i the fi st i e mo ths of 2026. Despite the sha p co ectio i Q4, Himax still expects full-yea automotive IC eve ue to g ow by app oximately 10% yea -ove -yea , outpe fo mi g the global automotive ma ket, with wo ldwide vehicle p oductio expected to decli e this yea .
O automotive busi ess, the yea sta ted o a soft ote i Q1, followed by obust i ve to y eple ishme t i Q2 a d Q3, as ce tai pa el make s accele ated IC pu chases to meet su gi g o de s f om Chi ese automake s expa di g ove seas. I Q4, howeve , sho tly afte Chi a’s Natio al Day holidays i ea ly Octobe , the Compa y saw a sudde a d sizable decli e i dema d amo g the custome s that had pu chased agg essively i p io qua te s. I ece t weeks, ce tai pa el make s with high exposu e to Chi ese automake s’ expo t p og ams have sig ifica tly scaled back thei Q4 fo ecasts. Fo co text, afte yea s of solid g owth, Chi a’s domestic automotive ma ket has expe ie ced a substa tial dec ease i dema d amid i te sifyi g competitio this yea , p ompti g Chi ese automake s to i c easi gly ely o expo ts. Acco di g to data eleased by the Chi a Associatio of Automobile Ma ufactu e s (CAAM) i Octobe , Chi a’s domestic sales fo locally made vehicles decli ed by 22.4% yea -ove -yea i the fi st i e mo ths of 2026, while expo ts of locally ma ufactu ed vehicles su ged by 65.8% i the same pe iod. Himax believes the ece t sig ifica t eductio i Himax’s Q4 fo ecasts eflect i pa t Chi ese automake s’ ea lie , ove ly agg essive expo t expectatio s, alo g with thei g owi g co ce s ove i ve to y levels ac oss dist ibutio cha els, i cludi g shipme ts i t a sit, followi g th ee qua te s of ext ao di a y expo t g owth.
Addi g to the u ce tai ty, the e is mou ti g p essu e f om va ious cou t ies, i cludi g the Eu opea U io , to tighte t ade ba ie s o Chi ese vehicle impo ts. Compou di g these headwi ds, i Octobe , the Chi ese gove me t a ou ced eductio s i expo t tax ebates fo ew e e gy vehicles. Togethe , these facto s may have co t ibuted to the ece t eductio i the Compa y’s Q4 automotive sales outlook a d a e limiti g Himax’s ea -te m o de visibility.
By co t ast, pa el make s p ima ily se vi g o -Chi a custome s have mai tai ed steady fo ecasts, with some posti g slight seque tial i c eases i thei fou th qua te o de s.
Himax believes the sha p decli e i the fou th-qua te automotive fo ecasts eflects ab upt, sho t-te m o de adjustme ts by ce tai custome s, while the Compa y’s ma ket leade positio emai s fi mly i tact.
Himax has lo g mai tai ed a domi a t positio with st o g, lo gsta di g elatio ships with ot o ly pa el make s, but also ca make b a ds wo ldwide as well as leadi g Tie 1 supplie s ac oss the U.S., Eu ope, Japa , a d Ko ea. Mo e ece tly, fueled by the apid expa sio of Chi ese automake s i both domestic a d expo t ma kets, Himax has also wit essed the ise of Chi ese Tie 1 playe s, which a e quickly eme gi g as a fo ce to be ecko ed with. I the p ocess, these supplie s have sig ifica tly expa ded thei ma ufactu i g capacities, gai ed exte sive mass p oductio expe ie ce, st e gthe ed thei cost competitive ess, a d achieved apid p oduct developme t capabilities. These Chi ese Tie 1 playe s a e located ac oss a b oad geog aphic a ea i Chi a, e abli g them to se ve automake s ac oss multiple egio s effectively. With Himax’s deep automotive expe ie ce, comp ehe sive automotive display IC po tfolio spa i g both LCD a d OLED tech ologies, best-i -class custome se vice, a d a exte sive global etwo k p ovidi g timely, localized tech ical suppo t, Himax has att acted a g eat umbe of Chi ese automotive Tie 1s to Himax’s custome base i ece t yea s. Mo eove , thei eage ess to emb ace ew tech ologies a d ability to b i g them apidly i to mass p oductio c eate additio al oppo tu ities fo Himax to expa d adoptio of Himax’s adva ced automotive display IC solutio s ac oss a g owi g umbe of vehicle p og ams. This has al eady t a slated i to a substa tial umbe of desig wi s a d a apidly g owi g pipeli e of ew p ojects.
Looki g ahead, Himax emai s optimistic about the lo g-te m g owth p ospects of the Compa y’s automotive display IC busi ess, suppo ted by apid adva ceme ts i sma t vehicle i te io s, a t e d cha acte ized by mo e displays pe vehicle, la ge a d highe – esolutio sc ee s, a d i c easi gly complex display co figu atio s. These t e ds a e d ivi g g owi g dema d fo adva ced display tech ologies, as exemplified by Himax’s fast-g owi g LTDI solutio s fo la ge-fo mat automotive displays, which co ti ue to gai t actio a d demo st ate esilie ce amid b oade automotive ma ket fluctuatio s. Mea while, the accele ati g adoptio of automotive OLED displays ep ese ts a othe sig ifica t lo g-te m g owth oppo tu ity, suppo ted by Himax’s comp ehe sive IC po tfolio a d ume ous desig wi s secu ed th ough yea s of close collabo atio with leadi g OLED pa el make s i Ko ea a d Chi a. I additio to co ve tio al i -cabi displays, head-up displays (HUDs) a e also gai i g t actio , evolvi g i to a i c easi gly impo ta t applicatio fo ew ge e atio sma t vehicles as automake s seek to b i g adva ced d ive assista ce i fo matio , AI-powe ed i te active featu es, a d eal-time d ivi g data di ectly i to the d ive ‘s field of view. This c eates additio al oppo tu ities fo Himax’s HUD IC solutio s, whe e Himax holds a comma di g ma ket positio . As these t e ds co ti ue to u fold, Himax sees sig ifica t oppo tu ities to fu the i c ease the Compa y’s IC co te t value both pe pa el a d pe vehicle.
EPD (Elect o ic Pape Display) is a othe a ea whe e the Compa y sees mea i gful g owth oppo tu ities headi g i to 2027. I e-Reade s, Himax expects g owi g sales th ough ewly secu ed p oject wi s a d a la ge sha e of a leadi g global e d b a d’s p oducts. I additio , Himax co ti ues to expa d Himax’s p ese ce i the elect o ic shelf label (ESL) ma ket, a sizable a d g owi g ma ket with sig ifica t pote tial. Himax is expa di g its sales cove age to add ess dive se custome equi eme ts a d b oade the Compa y’s ma ket each.
Mea while, Himax’s WiseEye tech ology co ti ues to gai t actio ac oss a g owi g a ge of applicatio s, pa ticula ly i the apidly expa di g sma t wea ables ma ket. Du i g the qua te , Himax is pleased to a ou ce that Alibaba adopted Himax’s WiseEye AI p ocesso fo its latest Qwe Glasses, just o e qua te afte a othe leadi g global tech ology heavyweight a ou ced thei latest sma t glasses i co po ati g Himax’s WiseEye. The etail sales of these glasses a e al eady o soo to be i place. These ece t developme ts fu the validate WiseEye’s tech ological st e gths i ult alow powe co sumptio , always-o visual se si g, a d o -device AI p ocessi g. I additio to sma t glasses, Himax is maki g p og ess i othe eme gi g wea able applicatio s, i cludi g sma t pe da ts a d ea buds. Nume ous sma t wea able p ojects a e u de way, seve al i volvi g global tech ames. This g owi g desig -i mome tum u de sco es WiseEye’s st o g fit fo ext-ge e atio sma t wea ables, which a e evolvi g towa d p oactive, co text-awa e AI expe ie ces that equi e co ti uous o -device AI without comp omisi g batte y life.
O CPO busi ess, Himax co ti ues to wo k closely with st ategic pa t e , FOCI, focusi g o fu the imp ovi g ma ufactu i g yields a d establishi g stable mass p oductio capabilities to suppo t the ext phase of p oductio scali g. As pa t of these o goi g effo ts, FOCI a ou ced ea lie today that its Boa d of Di ecto s app oved capital expe ditu es i the amou t of NT$3.33 billio (app oximately US$100 millio ) fo the expa sio of both fab space a d ma ufactu i g equipme t i p epa atio fo FAU mass p oductio . E gi ee i g amps a e al eady u de way, with shipme ts expected to expa d qua te by qua te f om this poi t o wa d. While the timi g of mass p oductio is ultimately a call to be made by the Compa y’s e d custome s, Himax emai s co fide t that the Compa y’s CPO busi ess will begi maki g a mea i gful co t ibutio to both top a d bottom li es sta ti g i 2027.
At the same time, Himax co ti ues to e gage with a g owi g umbe of custome s a d adva ce the joi t developme t of ext-ge e atio optical solutio s featu i g highe fibe cou ts, e ha ced optical p ecisio , a d i c easi gly sophisticated desig s, i cludi g WDM (Wavele gth Divisio Multiplexi g), ta geti g the su gi g ba dwidth dema ds of HPC a d AI data ce te s.
Himax is u iquely positio ed to d ive fu the adva ceme ts i FAU tech ology a d pe fo ma ce, leve agi g the fu dame tal st e gths of the Compa y’s p op ieta y WLO tech ology. U like othe optical tech ologies available i the ma ket, Himax’s WLO tech ology offe s disti ct competitive adva tages i a omete -level optical p ecisio , optical pe fo ma ce, ma ufactu i g co siste cy, a d scalability. These capabilities make it pa ticula ly well suited fo the evolvi g equi eme ts of futu e-ge e atio CPO applicatio s, e abli g eliable, highly epeatable a d scalable mass p oductio of high-p ecisio optical compo e ts.
Beyo d CPO, Himax has bee at the fo ef o t of high-p ecisio optics tech ology fo ea ly two decades, havi g wo ked o va ious desig s ac oss a wide a ge of applicatio s with some of the wo ld’s most p omi e t tech ology ames. Himax is pleased to sha e that a leadi g global tech ology compa y has selected Himax’s WLO tech ology to e able its adva ced optical se si g solutio to suppo t auto omous d ivi g. Himax’s tech ology delive s high optical efficie cy, p ecisio , cost competitive ess, a d a solid volume p oductio t ack eco d. These adva tages, togethe with the Compa y’s p ove ma ufactu i g expe tise, e able the Compa y to meet the st i ge t pe fo ma ce a d eliability equi eme ts of automotive applicatio s. Shipme ts a e expected to comme ce i upcomi g qua te s. This adoptio by a leadi g global tech ology compa y ot o ly validates Himax’s tech ical st e gths but also demo st ates the ve satility of the Compa y’s WLO tech ology, fu the expa di g its applicatio s beyo d co sume elect o ics, wea able devices, a d AI data ce te s to i clude automotive.
I Q4 2026, Himax a ticipates la ge display d ive IC sales to i c ease by low tee s f om last qua te . Both TV a d mo ito IC sales a e poised fo seque tial i c eases, d ive by highe shipme ts of legacy p oducts to key custome s. This g owth, howeve , is expected to be pa tially offset by a decli e i otebook IC sales, as a leadi g custome has pushed back mass p oductio of a ew high-e d otebook model to ea ly 2027.
Looki g ahead i the otebook ma ket, Himax is seei g i c easi g adoptio of OLED displays i p emium otebooks, suppo ted by otebook make s’ g owi g focus o highe -e d models amid isi g memo y p ices a d the amp-up of ew Ge 8.6 OLED fabs i Chi a sta ti g late this yea a d i to 2027. Himax is well positio ed to capitalize o these favo able i dust y t e ds with the Compa y’s comp ehe sive po tfolio of otebook OLED display ICs, spa i g DDICs, Tco s, powe ma ageme t ICs, a d touch co t olle s. Himax has also completed developme t of its Tco solutio suppo ti g the eDP 1.5 i te face, applicable to both LCD a d OLED pa els. This i te face suppo ts high ef esh ates, low-powe pa el eplay, adaptive-sy c, a d high- esolutio displays, e abli g e ha ced visual pe fo ma ce a d imp oved powe efficie cy. Himax’s comp ehe sive p oduct po tfolio allows the Compa y to offe custome s a o e-stop solutio while i c easi g the Compa y’s co te t value pe device.
Q4 small a d medium-sized display d ive IC busi ess is expected to dec ease by double-digits seque tially, followi g two co secutive qua te s of obust g owth. Automotive, tablet a d sma tpho e d ive IC sales a e set to dec ease qua te -ove -qua te i Q4. As oted ea lie , the a ticipated decli e i automotive sales eflects o de eductio s f om ce tai pa el make s followi g two qua te s of st o g sales. These pa el make custome s have bee agg essively scali g back thei Q4 p ojectio s i ece t weeks as the outlook fo Chi ese automake s expo t g owth bega to eve se sig ifica tly.
Despite the ece t slowdow , the Compa y expects its full-yea 2026 automotive display IC eve ue to g ow by app oximately 10% yea -ove -yea , outpe fo mi g the p ojected decli e i global vehicle shipme ts. This g owth is d ive by the co ti ued expa sio of Himax’s automotive TDDI, wide adoptio of Tco solutio s, a d g owi g co t ibutio s f om LTDI.
Looki g ahead, Himax emai s co fide t i the lo g-te m t ajecto y of its automotive IC busi ess, with multiple g owth d ive s i place, sta ti g with a ebou d i automotive DDIC. Followi g seve al yea s of modest decli e d ive by g adual displaceme t by TDDI, DDIC is poised fo a ecove y, backed by the a ticipated volume g owth of elatively ew o -touch display applicatio s such as HUD a d e-mi o , whe e Himax has built a st o g pipeli e of desig -wi p ojects accumulated ove the last few yea s, as well as mai st eam displays such as dashboa ds a d i -vehicle i fotai me t systems. Himax’s automotive TDDI busi ess, mea while, should keep expa di g o the back of additio al custome vehicle model amps a d b oade adoptio ac oss automotive display applicatio s. To ou d out the pictu e, LTDI a d OLED solutio s a e also set to co t ibute mo e mea i gfully f om 2027 o wa d as mo e p ojects amp followi g yea s of desig -i developme t with custome s.
Himax co ti ues to i t oduce i ovative tech ologies that ei fo ce the Compa y’s ma ket leade ship a d expa d its oppo tu ities ac oss dive se automotive display applicatio s. Himax’s LTDI tech ology is a p ime example, pa ticula ly suited fo la ge fo mat displays exceedi g 30 i ches, which typically equi e fou o mo e chips pe pa el, a d i some cases mo e tha te , as well as at least o e local dimmi g Tco . This t a slates i to sig ifica tly highe IC co te t value o a pe pa el a d pe -vehicle basis. Reflecti g the wide i g adoptio of this eme gi g display tech ology, Q4 LTDI eve ue is expected to g ow by si gle digits qua te -ove -qua te a d accou t fo ove 5% of total sales du i g the qua te .
I teg ati g a high-speed eDP i te face, touch co t olle , a d display d ive i to a si gle chip, Himax’s ece tly i t oduced i dust y-leadi g automotive eDP TDDI solutio is a othe example. Suppo ti g displays of up to 30 i ches, this highly i teg ated solutio delive s high esolutio , supe io display quality, a d espo sive touch pe fo ma ce. Custome s ca also opt fo a IC co figu atio that fu the i teg ates Himax’s i dust y-leadi g local dimmi g tech ology, elimi ati g the eed fo a sepa ate Tco while e ha ci g co t ast a d image detail i both b ight a d da k a eas, as well as educi g ove all system costs a d display powe co sumptio . Togethe , these tech ologies b oade Himax’s automotive display po tfolio, givi g custome s g eate flexibility to select solutio s that best meet thei specific display eeds, pe fo ma ce equi eme ts, a d cost ta gets.
Buildi g o Himax’s leade ship i automotive LCD, Himax is also well positio ed to captu e the accele ati g shift to OLED i p emium automotive displays, which the Compa y expects to become a othe key g owth d ive . Wo ki g closely with leadi g OLED pa el make s i Ko ea a d Chi a, Himax has developed a comp ehe sive po tfolio of DDICs, Tco s, touch co t olle ICs, a d customized ASIC solutio s to add ess dive se custome eeds a d display equi eme ts. Himax’s exte sive offe i gs a d ea ly custome e gageme ts have led to a st o g pipeli e of desig -wi s.
Himax is also expa di g its OLED po tfolio with i ovative, highly i teg ated solutio s, such as TED (Tco Embedded D ive IC) tech ology, which combi es DDIC a d Tco i to a si gle chip to delive a cost-effective a d flexible solutio pa ticula ly suited fo smalle , lowe – esolutio automotive displays. Himax’s TED tech ology co ti ues to gai t actio ac oss a dive se a ge of applicatio s, i cludi g automotive, obotics, a d IT. Sho tly afte its i t oductio , the TED solutio achieved its fi st mass p oductio milesto e with a leadi g global b a d i the obotics ma ket, with p oductio comme ci g i Q4. Seve al additio al desig -wi p ojects a e also u de way with custome s fo thei upcomi g vehicle models.
Q4 o -d ive IC eve ues a e expected to be flat to slightly dow seque tially.
Himax a ticipates Q4 2026 Tco sales to i c ease by high si gle digit qua te -ove -qua te . Himax’s automotive Tco busi ess is expected to delive low tee s g owth i Q4, ma ki g the thi d co secutive qua te of st o g qua te -ove -qua te g owth despite subdued dema d i the b oade automotive ma ket. The seque tial g owth is suppo ted by co ti ued shipme ts of the Compa y’s legacy p oducts to a b oad a d dive sified custome base, alo g with the amp-up of seve al ew p ojects. Notably, o e is fo a U.S. Big Tech fo its obotaxi offe i g, u de sco i g the b oade i g applicatio of Himax’s automotive Tco solutio s beyo d co ve tio al passe ge vehicles. The Compa y’s full-yea 2026 automotive Tco sales a e o t ack to g ow by ove 40% with a othe st o g g owth expected ext yea .
With automotive Tco adoptio still la gely co ce t ated i p emium vehicles, Himax sees sig ifica t oom fo b oade ma ket pe et atio . At the same time, Himax holds a leadi g ma ket positio i the g owi g adoptio of adva ced HUDs whe e Himax’s automotive Tco solutio s a e widely adopted to add ess complex issues of de-wa pi g a d post ca d effect elimi atio which a e u ique to HUDs. Togethe , these t e ds positio Himax well to delive a othe yea of st o g automotive Tco g owth i 2027 a d beyo d.
Du i g the qua te , Himax also i t oduced its g ou db eaki g multi-output Tco solutio , desig ed to suppo t ext-ge e atio f ee-fo m, ult a-wide, a d high- esolutio automotive displays. Featu i g a high-speed eDP i put a d up to eight LVDS outputs, the solutio suppo ts esolutio s of up to 12K a d i co po ates adva ced image e ha ceme t capabilities, i cludi g local dimmi g a d HDR (high dy amic a ge). It also i teg ates built-i automotive safety featu es such as failu e detectio a d o -sc ee display (OSD) fo safety ale ts a d fault otificatio s. The solutio simplifies system a chitectu e, e ha ces desig flexibility, a d educes ove all costs, maki g it a compelli g choice fo ext-ge e atio automotive display applicatio s a gi g f om HUDs to pilla -to-pilla displays. Its st o g ma ket appeal is al eady eflected i the desig -i mome tum with leadi g pa el make s a d Tie 1 playe s globally. This ew solutio demo st ates Himax’s co ti ued executio o its tech ology oadmap a d ei fo ces the Compa y’s leade ship i adva ced automotive display solutio s.
O the update of WiseEye™ ult alow powe AI se si g solutio , a cutti g-edge ult alow powe AI se si g total solutio , ta geti g batte y-powe ed e dpoi t devices. WiseEye has demo st ated its ve satility th ough g owi g adoptio ac oss dive se applicatio s, i cludi g otebooks, sma t doo locks, su veilla ce systems, access co t ol, palm vei authe ticatio , sma t offices, a d, mo e ece tly, sma t glasses, with desig -i activities co ti ui g to expa d. At the co e of WiseEye’s competitive adva tage is its i dust y-leadi g ult alow powe a chitectu e, co sumi g o ly a few milliwatts while e abli g o -device AI i fe e ce, 24/7 always-o visual a d voice se si g, all i a exceptio ally compact fo m facto . These capabilities e able custome s to i co po ate AI se si g i to thei p oducts while mi imizi g powe co sumptio , exte di g batte y life, a d educi g elia ce o host p ocesso s, c eati g fu the oppo tu ities ac oss eme gi g edge AI a d e dpoi t AI ma kets.
Du i g the qua te Himax a ou ced a othe sig ifica t milesto e i the sma t glasses ma ket, with Alibaba adopti g Himax’s WiseEye AI p ocesso fo its Qwe Glasses. The Qwe Glasses featu e a th ee-chip a chitectu e, with dedicated p ocesso s ha dli g image p ocessi g, eve yday tasks, a d ult alow powe visual se si g. Himax’s WiseEye AI p ocesso , featu i g a compact fo m facto a d i teg ated i to the temple of the glasses ea the ea , se ves as the always-o , ult alow powe AI visio e gi e. It e ables co ti uous outwa d-faci g e vi o me tal se si g a d eal-time u de sta di g of the su ou di gs while co sumi g o ly a few milliwatts of powe . This divisio of p ocessi g tasks allows the glasses to ha dle fu ctio s such as photog aphy a d audio p ocessi g while mai tai i g co ti uous e vi o me tal awa e ess without keepi g the mai p ocesso co sta tly active, helpi g educe ove all system powe co sumptio a d exte d batte y life.
Beyo d outwa d-faci g e vi o me tal se si g fo AI glasses, WiseEye also suppo ts i wa d-faci g eye t acki g, e abli g i tuitive gaze-based i te actio . I additio , it suppo ts i is ecog itio fo secu e use authe ticatio . Togethe , these capabilities lay the fou datio fo ew-ge e atio physical AI age t applicatio s, e abli g devices to p oactively u de sta d thei su ou di gs, a ticipate use eeds, a d p ovide timely, co text-awa e assista ce athe tha simply espo di g to use comma ds. I the sma t glasses ma ket, Himax co ti ues to expa d WiseEye e gageme ts with platfo m p ovide s, ODMs, a d co sume elect o ics ames wo ldwide, with ume ous p ojects poised to e te mass p oductio sta ti g i 2027.
O the WiseEye module f o t, desig -i activities co ti ue to expa d, suppo ted by its plug-a d-play offe i g, ult alow powe co sumptio , a d o -device AI capabilities. A ece t example is the adoptio of Himax’s palm vei ecog itio module by WAFERLOCK, a Taiwa -based sma t doo lock b a d. Powe ed by WiseEye, the doo lock featu es fast, secu e, a d co tactless palm vei authe ticatio , with biomet ic p ocessi g pe fo med o device to safegua d se sitive biomet ic data a d e ha ce use p ivacy. Seve al additio al PalmVei module p ojects a e u de way with custome s, i cludi g ce tai global leade s i doo lock, access co t ol a d secu ity, eflecti g g owi g dema d fo biomet ic authe ticatio ac oss eside tial, comme cial, a d sma t buildi g applicatio s.
Himax co ti ues to see g owi g desig -i activities fo WiseEye AI solutio with applicatio s exte di g to capsule e doscopy, spa i g both huma a d vete i a y healthca e. Leve agi g WiseEye’s ult alow powe AI capabilities, Himax’s solutio e ables compact, swallowable capsule e doscopes to co ti uously captu e a d t a smit images while co sumi g egligible powe . This app oach offe s a less i vasive a d mo e co ve ie t exami atio expe ie ce compa ed with co ve tio al e doscopy, which typically equi es the i se tio of a e doscope tube. Himax is pleased to sha e that o e of its capsule e doscopy p ojects fo huma health exami atio s is slated to e te mass p oductio this qua te , followi g a exte sive a d le gthy eview a d app oval p ocess by Chi a’s Natio al Medical P oducts Admi ist atio (NMPA) u de its Class III medical device classificatio . This ma ks a impo ta t milesto e fo WiseEye i healthca e a d fu the demo st ates its ve satility ac oss i dust ies.
| Net Reve ue: | Dec ease 22% to 26% QoQ | G oss Ma gi : | Flat to slightly up QoQ, depe di g o fi al p oduct mix | P ofit*: | 4.5 ce ts to 6.5 ce ts pe diluted ADS | Note*: This estimate does ot yet i clude the pote tial gai f om the p oposed divestitu e a ou ced i July. | Thu sday, Novembe 5, 2026 | 8:00 a.m. EST | 9:00 p.m. | Ho g Ko g | 2112-1444 | Taiwa | 0080-119-6666 | Aust alia | 1-800-015-763 | Ca ada | 1-877-252-8508 | Chi a | 4008-423-888 | Si gapo e | 800-492-2072 | UK | 0800-068-8186 | U ited States | 1-877-301-4670 | Taiwa Domestic Access 02-3396-1191 | I te atio al Access +886-2-3396-1191 |
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Facto s that could cause actual eve ts o esults to diffe mate ially f om the effect of the Covid-19 pa demic o the Compa y’s busi ess; ge e al busi ess a d eco omic co ditio s a d the state of the semico ducto i dust y; ma ket accepta ce a d competitive ess of the d ive a d o -d ive p oducts developed by the Compa y; dema d fo e d-use applicatio s p oducts; elia ce o a small g oup of p i cipal custome s; the u ce tai ty of co ti ued success i tech ological i ovatio s; ou ability to develop a d p otect ou i tellectual p ope ty; p ici g p essu es i cludi g decli es i ave age selli g p ices; cha ges i custome o de patte s; cha ges i estimated full-yea effective tax ate; sho tage i supply of key compo e ts; cha ges i e vi o me tal laws a d egulatio s; cha ges i expo t lice se egulated by Expo t Admi ist atio Regulatio s (EAR); excha ge ate fluctuatio s; egulato y app ovals fo fu the i vestme ts i ou subsidia ies; ou ability to collect accou ts eceivable a d ma age i ve to y a d othe isks desc ibed f om time to time i the Compa y’s SEC fili gs, i cludi g those isks ide tified i the sectio e titled “Risk Facto s” i its Fo m 20-F fo the yea e ded Decembe 31, 2025 filed with the SEC, as may be ame ded.
-Fi a cial Tables-
| Reve ues f om thi d pa ties, et | $ | 246,719 | $ | 199,143 | $ | 227,334 | Reve ues f om elated pa ties, et | 33 | 18 | 38 | 246,752 | 199,161 | 227,372 | Cost of eve ues | 162,253 | 139,062 | 152,135 | Resea ch a d developme t | 46,862 | 46,952 | 37,922 | Ge e al a d admi ist ative | 7,271 | 6,918 | 6,656 | Sales a d ma keti g | 7,629 | 6,847 | 6,096 | I te est i come | 2,094 | 2,504 | 2,224 | Cha ges i fai value of fi a cial assets at fai value th ough p ofit o loss | (190 | ) | 214 | 137 | Fo eig cu e cy excha ge gai s (losses), et | (32 | ) | 142 | (103 | ) | Fi a ce costs | (798 | ) | (879 | ) | (815 | ) | Sha e of losses of associates | (908 | ) | (1,037 | ) | (1,005 | ) | Othe i come (losses) | 11 | 22 | (1 | ) | 177 | 966 | 437 | 22,914 | 348 | 25,000 | I come tax expe se (be efit) | 3,770 | (1,001 | ) | 4,645 | 19,144 | 1,349 | 20,355 | (557 | ) | (279 | ) | (476 | ) |
| Reve ues f om thi d pa ties, et | $ | 673,056 | $ | 628,999 | Reve ues f om elated pa ties, et | 81 | 93 | 673,137 | 629,092 | Cost of eve ues | 452,956 | 436,434 | Resea ch a d developme t | 122,963 | 119,481 | Ge e al a d admi ist ative | 19,954 | 18,281 | Sales a d ma keti g | 19,804 | 17,599 | I te est i come | 6,297 | 7,553 | Cha ges i fai value of fi a cial assets at fai value th ough p ofit o loss | 86 | 471 | Fo eig cu e cy excha ge gai s (losses), et | (186 | ) | 2,883 | Fi a ce costs | (2,420 | ) | (2,652 | ) | Sha e of losses of associates | (2,794 | ) | (2,367 | ) | Othe gai s | – | 3,205 | Othe i come | 19 | 45 | 1,002 | 9,138 | 58,462 | 46,435 | I come tax expe se | 10,524 | 7,894 | 47,938 | 38,541 | (1,483 | ) | (940 | ) |
| Cash a d cash equivale ts | $ | 261,146 | $ | 257,090 | $ | 271,296 | Fi a cial assets at amo tized cost | 2,985 | – | 4,113 | Fi a cial assets at fai value th ough p ofit o loss | 21,191 | 21,106 | 23,328 | Accou ts eceivable, et (i cludi g elated pa ties) | 228,438 | 200,712 | 220,250 | I ve to ies | 159,841 | 137,423 | 151,471 | I come taxes eceivable | 11 | 418 | 21 | Rest icted deposit | 612,200 | 568,200 | 568,200 | Othe eceivable f om elated pa ties | 20 | 16 | 10 | Othe cu e t assets | 53,995 | 52,952 | 53,536 | 27,083 | 25,813 | 26,250 | 95,632 | 43,797 | 85,796 | 8,978 | 11,950 | 9,865 | 115,875 | 120,304 | 117,263 | 21,938 | 22,755 | 21,950 | 28,138 | 28,138 | 28,138 | 1,372 | 830 | 1,769 | 160,244 | 185,299 | 172,690 | 18,585 | 17,776 | 18,226 | Sho t-te m u secu ed bo owi gs | $ | 628 | $ | 985 | $ | – | Cu e t po tio of lo g-te m u secu ed bo owi gs | 6,000 | 6,000 | 6,000 | Sho t-te m secu ed bo owi gs | 612,200 | 568,200 | 568,200 | Accou ts payable | 144,308 | 128,353 | 132,055 | I come taxes payable | 23,269 | 15,283 | 19,520 | Othe payable to elated pa ties | 15 | – | – | Co t act liabilities-cu e t | 5,590 | 2,231 | 4,418 | Othe cu e t liabilities | 61,062 | 54,768 | 105,590 | 18,000 | 24,000 | 19,500 | 687 | 608 | 699 | 7,034 | 11,594 | 8,740 | O di a y sha es | 107,010 | 107,010 | 107,010 | Additio al paid-i capital | 115,260 | 116,215 | 115,157 | T easu y sha es | (9,705 | ) | (9,130 | ) | (9,760 | ) | Accumulated othe comp ehe sive i come | 71,574 | 23,757 | 61,305 | Retai ed ea i gs | 644,370 | 637,608 | 625,799 | 10,370 | 7,097 | 9,939 | |
| P ofit fo the pe iod | $ | 19,144 | $ | 1,349 | $ | 20,355 | Adjustme ts fo : | Dep eciatio a d amo tizatio | 5,999 | 5,393 | 5,905 | Sha e-based compe satio expe ses | 8 | 343 | 50 | Cha ges i fai value of fi a cial assets at fai value th ough p ofit o loss | 190 | (214 | ) | (137 | ) | I te est i come | (2,094 | ) | (2,504 | ) | (2,224 | ) | Fi a ce costs | 798 | 879 | 815 | I come tax expe se (be efit) | 3,770 | (1,001 | ) | 4,645 | Sha e of losses of associates | 908 | 1,037 | 1,005 | I ve to ies w ite dow s | 1,419 | 2,678 | 1,722 | U ealized fo eig cu e cy excha ge losses (gai s) | (108 | ) | (563 | ) | 481 | 30,034 | 7,397 | 32,617 | Cha ges i : | Accou ts eceivable (i cludi g elated pa ties) | (8,183 | ) | 17,827 | (29,310 | ) | I ve to ies | (9,789 | ) | (5,528 | ) | (1,517 | ) | Othe eceivable f om elated pa ties | (9 | ) | (9 | ) | 7 | Othe cu e t assets | (928 | ) | (909 | ) | 2,413 | Accou ts payable | 12,243 | (14,649 | ) | 3,746 | Othe payable to elated pa ties | 15 | (47 | ) | – | Co t act liabilities | 1,173 | 57 | 1,431 | Othe cu e t liabilities | 49 | 3,214 | 6,543 | Othe o -cu e t liabilities | (152 | ) | (181 | ) | 20 | 24,453 | 7,172 | 15,950 | I te est eceived | 692 | 521 | 3,399 | I te est paid | (800 | ) | (969 | ) | (772 | ) | I come tax paid, et | (440 | ) | (27 | ) | (1,039 | ) | Acquisitio s of p ope ty, pla t a d equipme t | (3,935 | ) | (6,317 | ) | (4,349 | ) | Acquisitio s of i ta gible assets | (201 | ) | (325 | ) | (160 | ) | Acquisitio s of fi a cial assets at amo tized cost | – | – | (1,500 | ) | P oceeds f om disposal of fi a cial assets at amo tized cost | 1,145 | 3,517 | 1,291 | Acquisitio s of fi a cial assets at fai value th ough p ofit o loss | (15,615 | ) | (3,443 | ) | (12,374 | ) | P oceeds f om disposal of fi a cial assets at fai value th ough p ofit o loss | 16,824 | 3,707 | 12,250 | Acquisitio s of fi a cial assets at fai value th ough othe comp ehe sive i come | – | (800 | ) | – | Dec ease i efu dable deposits | 13,283 | 18,068 | 9 | Releases of est icted deposit | – | 31 | – | Payme t of cash divide ds | (44,599 | ) | (64,492 | ) | – | Payme ts of divide d equivale ts | (27 | ) | (218 | ) | – | P oceeds f om issua ce of ew sha es by subsidia ies | 23 | 158 | 411 | P oceeds f om sho t-te m u secu ed bo owi gs | 624 | – | – | Repayme ts of lo g-te m u secu ed bo owi gs | (1,500 | ) | (1,500 | ) | (1,500 | ) | P oceeds f om sho t-te m secu ed bo owi gs | 646,900 | 688,200 | 580,900 | Repayme ts of sho t-te m secu ed bo owi gs | (602,900 | ) | (623,700 | ) | (580,900 | ) | Pledge of est icted deposit | (44,000 | ) | (64,500 | ) | Payme t of lease liabilities | (530 | ) | (549 | ) | (558 | ) | Gua a tee deposits eceived ( efu ded) | 1 | (1,897 | ) | 400 | 452 | (225 | ) | 145 | 271,296 | 304,678 | 259,693 |
| P ofit fo the pe iod | $ | 47,938 | $ | 38,541 | Adjustme ts fo : | Dep eciatio a d amo tizatio | 17,842 | 15,824 | Sha e-based compe satio expe ses | 156 | 590 | Losses (gai s) o disposals a d sc ap of p ope ty, pla t a d equipme t, et | 4 | (3,205 | ) | Cha ges i fai value of fi a cial assets at fai value th ough p ofit o loss | (86 | ) | (471 | ) | I te est i come | (6,297 | ) | (7,553 | ) | Fi a ce costs | 2,420 | 2,652 | I come tax expe se | 10,524 | 7,894 | Sha e of losses of associates | 2,794 | 2,367 | I ve to ies w ite dow s | 6,182 | 13,128 | U ealized fo eig cu e cy excha ge losses (gai s) | 813 | (4 | ) | 82,290 | 69,763 | Cha ges i : | Accou ts eceivable (i cludi g elated pa ties) | (27,559 | ) | 29,427 | I ve to ies | (13,353 | ) | 8,195 | Othe eceivable f om elated pa ties | 2 | (3 | ) | Othe cu e t assets | 3,259 | (841 | ) | Accou ts payable | 5,609 | 15,491 | Othe payable to elated pa ties | (349 | ) | – | Co t act liabilities | 2,270 | 179 | Othe cu e t liabilities | (7,952 | ) | 2,892 | Othe o -cu e t liabilities | (111 | ) | (39 | ) | 44,106 | 125,064 | I te est eceived | 4,676 | 5,274 | I te est paid | (2,168 | ) | (2,743 | ) | I come tax paid | (1,161 | ) | (4,377 | ) | | | Acquisitio s of p ope ty, pla t a d equipme t | (11,142 | ) | (16,134 | ) | Acquisitio s of i ta gible assets | (465 | ) | (377 | ) | Acquisitio s of fi a cial assets at amo tized cost | (2,645 | ) | (3,517 | ) | P oceeds f om disposal of fi a cial assets at amo tized cost | 2,436 | 7,803 | Acquisitio s of fi a cial assets at fai value th ough p ofit o loss | (37,497 | ) | (54,160 | ) | P oceeds f om disposal of fi a cial assets at fai value th ough p ofit o loss | 39,331 | 34,949 | Acquisitio s of fi a cial assets at fai value th ough othe comp ehe sive i come | (6,385 | ) | (3,300 | ) | Acquisitio s of equity method i vestme ts | (244 | ) | (2,500 | ) | Dec ease i efu dable deposits | 23,562 | 28,381 | Releases of est icted deposit | – | 31 | | | Pu chase of t easu y stock | – | (3,885 | ) | Dec ease i p epayme ts fo pu chase of t easu y stock | – | 885 | Payme ts of cash divide ds | (44,599 | ) | (64,934 | ) | Payme ts of divide d equivale ts | (27 | ) | (218 | ) | P oceeds f om issua ce of ew sha es by subsidia y | 434 | 158 | P oceeds f om sho t-te m u secu ed bo owi gs | 624 | 946 | Repayme ts of sho t-te m u secu ed bo owi gs | (140 | ) | – | Repayme ts of lo g-te m u secu ed bo owi gs | (4,500 | ) | (4,500 | ) | P oceeds f om sho t-te m secu ed bo owi gs | 1,808,700 | 1,656,800 | Repayme ts of sho t-te m secu ed bo owi gs | (1,764,700 | ) | (1,592,300 | ) | Pledge of est icted deposit | (44,000 | ) | (64,500 | ) | Payme t of lease liabilities | (1,606 | ) | (2,581 | ) | Gua a tee deposits eceived ( efu ded) | 401 | (1,897 | ) | | | | 651 | 574 | | | 257,504 | 218,148 | | |
