Runs a nationwide convenience-store network in Taiwan directly and through franchisees, plus other retail formats, earning mainly from in-store retail transactions and franchise fees.
- Depends onDownstream position: depends on 10 industries, supplies 6
- ScaleMarket cap is $7.13B, above the global median of $1.18B
- FinancialsAltman Z-Score 1.94: grey zone
- Interpretations1 currently firing — 1
What this company is and how it runs — written from structure, not news.
The company sits between food and goods suppliers, including manufacturers inside its own corporate group, and the consumers and franchise store operators who buy from it. It coordinates the sourcing and quality control of goods, their manufacture into private-label food products, their movement through temperature-controlled logistics, and their final distribution to stores that sell to shoppers in person, through delivery, and online.
Revenue comes mostly from everyday retail purchases inside its stores, with a large secondary stream from a separate retail business group and smaller contributions from logistics and other operations; it also collects recurring franchise fees from licensed store operators and holds customer prepayments such as loyalty points, deposits and gift certificates before they are redeemed. Revenue, gross profit and net income have each grown over multiple consecutive years, with net income staying positive throughout.
CompanyGraph reads the company's scaling as adding more stores, both run directly and operated by franchisees, backed by shared infrastructure built once and reused across the network, including its own fresh-food manufacturing and a temperature-controlled logistics facility serving the wider store base rather than any single location. On this reading, each new store is expected to stand on its own economics rather than depend on the others, consistent with a business that grows by repeating a standard unit rather than by expanding what any one location can sell.
It depends on a wide base of food and goods suppliers, several of which, including its packaging supplier and its cold-chain and transport affiliates, sit inside its own corporate group, and one of which is also its controlling shareholder. Key raw inputs are agricultural, such as seafood, meat, dairy, rice and produce, sourced mostly from domestic producers and processed in part through its own fresh-food manufacturing subsidiary. It also depends on the continued availability of labor across its stores, factories, construction contractors and delivery operations, which it names as a source of strain.
It is depended on by a large, dispersed base of everyday retail consumers, no single one of whom accounts for a meaningful share of its revenue, and by the operators of its franchised stores, who rely on it for supply, brand and operating systems rather than owning that infrastructure themselves. CompanyGraph's mapping of the business also shows it supplying into other industries beyond direct retail customers, consistent with the logistics, payment and distribution subsidiaries it operates alongside its stores.
CompanyGraph places this business within a large group of companies that scale the same way, by replicating a standard store unit, so nothing in what CompanyGraph can see marks its underlying operating shape as rare or hard to copy. The company itself states that its network scale, the synergy across its affiliated businesses, and its integration of physical stores with digital ordering are its main strengths, and it claims the leading position in its home market by store count; these are the company's own claims about itself, not conclusions CompanyGraph has independently verified.
The company states that its own growth is limited less by demand and more by the availability of labor: recruiting enough store staff, finding enough construction contractors to build new outlets, running fresh-food production at capacity, and staffing enough delivery workers to keep pace with orders.
Its own filings show that a single related party sits on both sides of the business, as its controlling shareholder and as a named supplier in its purchasing relationships, so ownership and part of its supply relationships run through the same group rather than being separate. Beyond that, the risks the company lists first for itself center on carbon reduction, food waste and labor availability, rather than on demand or competitors.
The company names labor shortages as a pressure across its stores, factories, construction projects and delivery operations, along with supplier operating stability, consumer confidence, and cybersecurity around its digital retail channels. It also names geopolitical and tariff shifts that could affect trade and its supply chain, carbon reduction and food waste as priority risks, operates under securities-market regulation and stock-exchange listing rules, and carries exposure to several foreign currencies through its cash, receivables and payables.
Read from the company's own filings and public materials (gathered August 2026) together with figures CompanyGraph recomputed from its statements. Written September 2026. A question with no evidence behind it is left out rather than answered.
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The reported statements, read against the company's own industry.
1 interpretation currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsIs this company growing?
Multi-Year Revenue, Profit, And Income Growth
Revenue has risen in each of three years, gross profit in each of four, and it has made a profit in all five.
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Financial Health
Supply Chain
Scale
Companies that share the same coordination system — how they create, deliver, or capture value.
Companies that share active interpretations — structural patterns currently present in both stocks.
Supply Chain
Beef Supply Chain
Follow cattle from feed and biological growth through transport, slaughter, carcass balance, processing, cold storage, cooking, and recovery. One animal becomes many outputs while grinding merges many identities, so time, traceability, welfare, and money determine usable food.
Processed Food Supply Chain
Follow food from biological ingredients through formulation, preservation, packaging, distribution, and consumption. The chain carries nutrition and culinary function, but each processing step creates conditions, losses, waste, and records that only partly describe what a person finally eats.