AI 銘柄分析 · 10年
Taiwan Semiconductor Manufacturing Company Limited
2330 · TWD · 分析基準日 2026-11-06
TSMC台湾普通株：先端製造と投資負担の10年シナリオ
AIによるシナリオ分析です。基準日以降の出来事、株価や為替の変化は個別に確認が必要です。各数値は元の分析の単位と前提に従います。
分析の要約
台湾普通株の2026年11月6日を起点に5シナリオを試算。先端製造、設備投資、SBC、配当権と旧株主持分を考慮。2026年Q3財務は未監査、株数は6月末の代理値。株式報酬信託の会計と拠出時期は仮定。台湾の現地源泉税は未反映。
要約の補足
- fact
TWSE 2026-11-06 close NT$2135. 2026Q3 TIFRS unaudited sales 14,942.43 oku, operating 8,764.45 oku, parent NI 7,630.64 oku; 2026 Sep parent equity 69,979.02 oku.
- value_thesis
HPC/AI leading-edge logic pricing, packaging and scale support profit; capex $60-64bn 2026, overseas gross-margin 3-4ppt future dilution and Taiwan geopolitical/FX concentration threaten FCFF.
- shareholder_group
old 2026-11-06 share-equivalent cohort always non-selling; new free restricted shares dilute; old holders earn only dividends before end; company buybacks assumed zero 2026-2036.
- valuation
2037 normalized EBIT after SBC and tax, growth reinvestment g/ROIC, WACC discounted FCFF, surplus cash minus debt/NCI, equity-cost PV buybacks that offset 2037+ free share issuances; no market P/E or P/B terminal.
- tax
Gross dividends; EWT withholding effective on TSMC per position not confirmed; no U.S. or Japan investor-stage tax; neither general 21% nor fund historic aggregate used as a factor in scenarios.
- data_limitations
Q3 2026 condensed statements explicitly unaudited and not yet approved by Board as of Oct15; Sep30 assets / Jun30 exact share count are dated proxies for Nov6. Oct 2026 revenue not yet published as of Nov6 (TSMC calendar says Nov10).
- terminal_time_convention
2036-11-06 is 3653 actual days since 2026-11-06 = 10.001368925 years at /365.25, not exactly 10.000. Timing formula takes priority over relabeling the terminal. If an app requires <=10.0, it needs an explicit endpoint convention change, not silent truncation.
結論の補足
- 名称
TSMC台湾普通株2330：先端製造優位と巨額設備投資の10年評価
- price_twd
- 2135
- 時価総額（億）
- 553656.101635
- expected_irr_gross
- 0.044233819839
- 終価の基準日
2036-11-06
- strict_terminal_year_as_daycount_36525
- 10.001368925394
- outcomes
内容を開く
- 1
内容を開く
- case
severe_downside
- 名称
深刻な悪化
- p
- 0.1
- 期間内株主受取
- 54253.55408267
- terminal_old_holder_mcap_oku
- 173865.87603499
- old_fraction
- 0.99980722795022
- irr
- -0.093346850656
- 2
内容を開く
- case
bear
- 名称
弱気
- p
- 0.2
- 期間内株主受取
- 72703.33198129
- terminal_old_holder_mcap_oku
- 361732.578227
- old_fraction
- 0.99980722795022
- irr
- -0.02589789475
- 3
内容を開く
- case
neutral
- 名称
中立
- p
- 0.45
- 期間内株主受取
- 94555.71828161
- terminal_old_holder_mcap_oku
- 718171.01778858
- old_fraction
- 0.99980722795022
- irr
- 0.041662057972
- 4
内容を開く
- case
bull
- 名称
強気
- p
- 0.2
- 期間内株主受取
- 111267.27805982
- terminal_old_holder_mcap_oku
- 1195967.1040841
- old_fraction
- 0.99980722795022
- irr
- 0.094518931647
- 5
内容を開く
- case
exceptional_upside
- 名称
大幅上振れ
- p
- 0.05
- 期間内株主受取
- 125436.03529356
- terminal_old_holder_mcap_oku
- 1793275.1369698
- old_fraction
- 0.99980722795022
- irr
- 0.138462303228
- EWT_after_fund_withholding_IRR
- 未確認
- EWT_tax_status
TSMC-stock-specific fund effective withholding and reclaims unconfirmed; gross stock IRRs only.
事業
- 事業モデル
専業受託半導体製造。ウェハ量×製造プロセス構成/単価、先端パッケージ、顧客別稼働率。自社ブランド製品販売ではない。
- 2026Q3_12in_wafer_shipments_k
- 4476
- 2026Q2_12in_wafer_shipments_k
- 4336
- wafer_volume_qoq
- 0.032287822878229
- sales_qoq
- 0.17621642641066
- asp_mix_fx_residual_vs_volume_qoq
- 0.13942681521819
- volume_vs_price_note
残差は実測ASPではない。先端ノード/パッケージ売上構成・非ウェハ売上・為替の複合差。
- geographical_sales_customer_domicile_2026Q3
内容を開く
- North_America
- 0.79
- Asia_Pacific
- 0.1
- China
- 0.05
- Japan
- 0.03
- EMEA
- 0.03
- 地域別情報の注意点
顧客所在地による売上割合であり、台湾/米国/日本/ドイツ工場の製造場所別売上ではない。
- 投資
2026年CapEx計画USD60-64bn、米Arizona・Japan JASM・Germany ESMC及び先端パッケージに投資。Q3公司見込み海外工場粗利希薄化2026年約2pt、後年3-4pt。
- customer_and_geopolitics
HPC customers high concentration; US export restrictions, China market, tariffs, supply chain, energy/water reliability, Taiwan Strait risk.
- forex
Q3 weighted avg USD/TWD31.98; Q4 guidance 31.8. Sales USD prices and costs, translation TWD. Price return denominated TWD; no future USD/JPY or USD/TWD added.
競争力・事業の質
- competitive_qualities
内容を開く
- 1
7nm以下先端製造Q3ウェハ売上79%
- 2
Q3売上前年比+50.9%
- 3
先端ノード製造歩留まり・IPエコシステム
- 4
顧客分散（顧客所在地で北米79%、個社比率は非開示）
- risks
内容を開く
- 1
2026設備投資USD60-64bn、将来維持投資が高水準
- 2
米国・日本・欧州工場の高コストと初期稼働率
- 3
AI投資サイクル過熱・需要集中
- 4
台湾地政学・技術・エネルギー・輸出規制
- 5
TWD建て利益に為替換算変動
- measurement_notes
- 1
SBC費用は営業利益と親会社利益に残す
- 2
資本組入・RSU無償交付を新たな現金支払とは扱わない
- 3
長期報酬信託の市場買付は発行会社株式数を直接変更しない
業界と環境
- industry_type
pure_play_foundry_with_advanced_packaging
- 2026Q3_platform_share_of_total_sales
内容を開く
- HPC
- 0.68
- Smartphone
- 0.21
- IoT
- 0.04
- Automotive
- 0.04
- DCE
- 0.01
- Other
- 0.02
- node_wafer_sales_share_2026Q3
内容を開く
- 2nm
- 0.08
- 3nm
- 0.33
- 5nm
- 0.28
- 7nm
- 0.1
- 16_20nm
- 0.06
- 28nm
- 0.06
- 40_45nm
- 0.02
- 65nm
- 0.04
- 90nm_013um
- 0.01
- 130nm_and_above
- 0.02
- advanced_7nm_and_below_wafer_revenue_share
- 0.79
- technology_mix_is_not_separately_additive_to_platform_revenue
- はい
- node_mix_future
Not separately monetized on top of HPC/smartphone forecast; process shifts affect assumed platform volume+ASP/mix and consolidated margins only.
財務・資本配分
- reporting
Taiwan-adopted IFRS / TIFRS; 2026 Q3 condensed statements unaudited
- 2026Q3_actual_oku
内容を開く
- revenue
- 14942.43
- operating_profit
- 8764.45
- parent_profit
- 7630.64
- net_profit
- 7633.41
- nci_profit
- 2.77
- wafer_shipments_12in_equivalent_k
- 4476
- avg_usd_twd
- 31.98
- sbc_equity_2026H1
- 2.37026
- sbc_cash_settled_2026H1
- 3.60249
- 2026_9mo_actual_oku
内容を開く
- revenue
- 38987.27
- cost_of_revenue
- 12947.42
- operating_expenses
- 3094.24
- operating_profit
- 23020.14
- parent_profit
- 20421.06
- nci_profit
- 8.17
- consolidated_net_profit
- 20429.23
- cfo
- 24021.17
- capex
- 12899.71
- depreciation_amortization
- 5841.92
- cash_dividends_paid
- 4408.53
- 2026_9mo_cashflow_reporting_cash_dividends_vs_declared_balance
2026 9mo cash dividends paid 4408.53 oku; September 30 declared payable 3630.53 oku. They are not interchangeable.
- 2026_09_30_sep_balance_oku
内容を開く
- parent_equity
- 69979.02
- nci
- 453.26
- cash
- 36218.94
- securities
- 3950.85
- debt
- 9835.13
- dividend_payable
- 3630.53
- assets
- 100528.88
- total_liabilities
- 30096.6
- ppe
- 45264.88
- capital_stock_par
- 2593.24
- other_liabilities
- 16630.94
- other_assets
- 15094.21
- 2026H1_equity_settled_SBC_expense_oku
- 2.37026
- 2026H1_cash_settled_SBC_expense_oku
- 3.60249
- 2026H1_total_SBC_expense_oku
- 5.97275
- 2026Q3_SBC_amount_exact
- 未確認
- 2026Q3_SBC_unknown_reason
Q3 four-page unaudited condensed FS does not separately disclose SBC by nature; June 30 detailed filing is latest confirmed component breakdown.
- RSA_2022_2024
Noncash free shares under 2022/2023/2024 approved awards; new 2027+ grant sizes are pure forward-looking assumption.
- 2026H1_issued_shares_exact
- 25932370100
- company_2026_11_06_actual_repurchase_oku
- 未確認
- company_2026_11_06_confirmed_treasury_shares
- 未確認
- future_buys_model
2027-2036 zero issuer buyback assumed, 2037+ repurchase equal free award grants charged at terminal per-share intrinsic value to hold share count neutral.
- LTI_trust_market_purchases
Secondary-market stock acquired for incentive trust from accrued bonus: operating cost inside profit, cash settlement embedded in CFO, not issuer share cancellation, not an extra owner cash payout.
- ESPP
Eligible employees buy shares / ADS via payroll; employer covers 15 percent of purchase price per 2025 20-F. Uses existing authorized-issued shares acquired by plan administrator; not per se paid new issue. Future option issue/paid proceeds assumed 0.
- share_based_awards_future_paid_option_proceeds
- 0
- equity_accounting
parent equity increases net income (after SBC) plus equity-settled SBC reserve credit; cash from operations adds back equity-settled SBC; new free stock issuance creates no cash, dilutes only outstanding shares.
- dividend_accounting
Board-declared quarterly dividends reduce parent equity and establish liability; ex-date fixes old cohort entitlement, payment reduces cash and liability without another equity debit. Already declared 2026Q2 payable at base.
- terminal_payable_treatment
2036 Q2 board declaration in scenario before terminal; ex/pay after terminal. Terminal ex-div equity value plus old-group payable claim equals cum-div terminal; no post-terminal cash in 10y events.
- share_class_note
1 ADR = 5 common shares; NYSE ADS USD price/time and Taiwan stock TWD close are different and not equated without FX/time normalization.
評価の前提と確認
- source_time_cutoff
2026-11-06
- Q3_2026_board_approved
- いいえ
- source_2026_10_publication
2026Q3 condensed unaudited; March/June 2026 TIFRS reviewed detailed; 2025 20-F audited.
- 2026_10_monthly_revenue_asof_2026_11_06
- 未確認
- 2026_10_monthly_revenue_unknown_reason
TSMC financial calendar confirms scheduled 2026-11-10, after base.
- market_Pe_or_Pbr_terminal_multiple_used
- いいえ
- exact_2026_11_06_share_count_known
- いいえ
- initial_share_count_is_dated_proxy
- はい
- price_unit_NOT_TSM_ADS_USD
- はい
- basic_diluted_vs_issued_share_base_distinct
- はい
- EWT_fund_specific_TS_MC_dividend_withholding_unknown
- はい
- confirm_before_2026_12_10_ex_date
2026Q2 announced date confirmed as of 2026-11-06; later changes/adjustments should be rechecked before processing
- terminal_2036_11_06_duration_days
- 3653
- terminal_duration_as_days_over_365_25
- 10.00136893
- unit_multiplier_TWD_per_oku
- 100000000
- share_basis_company_issued_not_fund_units
- はい
資本コストの前提
- 資本コスト
- 11.50%
- 種類
nominal_TWD_equity_cost_of_capital
- equity_cost_of_capital_assumed
- 0.115
- wacc_by_scenario
内容を開く
- severe_downside
- 0.113
- bear
- 0.113
- neutral
- 0.108
- bull
- 0.105
- exceptional_upside
- 0.105
- interpretation
Shareholder expected-IRR hurdle 11.5%; enterprise FCFF discounted at assumed WACC, equity maintenance-buyback at equity k. Not market PER/PBR regression.
事業別データ
事業別の内訳と、収録されている年度別データを確認できます。
10年のシナリオ
シナリオごとの確率、期間内の株主還元・追加負担、終価です。金額は億TWD。株主の範囲や受取時点は各分析の前提を確認してください。
| シナリオ | 確率 | 株主還元・追加負担 | 終価 |
|---|---|---|---|
| 大幅上振れ | 5.0% | 125,436.04 | 1,793,275.14 |
| 強気 | 20.0% | 111,267.28 | 1,195,967.10 |
| 中立 | 45.0% | 94,555.72 | 718,171.02 |
| 弱気 | 20.0% | 72,703.33 | 361,732.58 |
| 深刻な悪化 | 10.0% | 54,253.55 | 173,865.88 |
大幅上振れ（確率 5.0%）
予測シナリオ：高付加価値AI処理半導体需要加速・価格と稼働率の同時上振れ。成長率・利益率・設備投資は年度別予測を参照。
確率の根拠
シナリオ確率は独自の分析仮定。客観的な発生頻度ではない。
強気（確率 20.0%）
予測シナリオ：N2/次世代プロセスとパッケージの価格決定力、投資効率改善。成長率・利益率・設備投資は年度別予測を参照。
確率の根拠
シナリオ確率は独自の分析仮定。客観的な発生頻度ではない。
中立（確率 45.0%）
予測シナリオ：AI先端ロジック・先端パッケージ成長、海外工場粗利希薄化・設備投資ピーク。成長率・利益率・設備投資は年度別予測を参照。
確率の根拠
シナリオ確率は独自の分析仮定。客観的な発生頻度ではない。
弱気（確率 20.0%）
予測シナリオ：成熟市場停滞・先端投資回収低下・先端製造の海外費用の長期化。成長率・利益率・設備投資は年度別予測を参照。
確率の根拠
シナリオ確率は独自の分析仮定。客観的な発生頻度ではない。
深刻な悪化（確率 10.0%）
予測シナリオ：AI過剰設備・輸出規制・台湾海峡リスク・海外工場費用、投下資本回収遅延、配当政策例外。成長率・利益率・設備投資は年度別予測を参照。
確率の根拠
シナリオ確率は独自の分析仮定。客観的な発生頻度ではない。
金額の単位
億TWD
事業の詳細
- 事業モデル
専業受託半導体製造。ウェハ量×製造プロセス構成/単価、先端パッケージ、顧客別稼働率。自社ブランド製品販売ではない。
- 2026Q3_12in_wafer_shipments_k
- 4476
- 2026Q2_12in_wafer_shipments_k
- 4336
- wafer_volume_qoq
- 0.032287822878229
- sales_qoq
- 0.17621642641066
- asp_mix_fx_residual_vs_volume_qoq
- 0.13942681521819
- volume_vs_price_note
残差は実測ASPではない。先端ノード/パッケージ売上構成・非ウェハ売上・為替の複合差。
- geographical_sales_customer_domicile_2026Q3
内容を開く
- North_America
- 0.79
- Asia_Pacific
- 0.1
- China
- 0.05
- Japan
- 0.03
- EMEA
- 0.03
- 地域別情報の注意点
顧客所在地による売上割合であり、台湾/米国/日本/ドイツ工場の製造場所別売上ではない。
- 投資
2026年CapEx計画USD60-64bn、米Arizona・Japan JASM・Germany ESMC及び先端パッケージに投資。Q3公司見込み海外工場粗利希薄化2026年約2pt、後年3-4pt。
- customer_and_geopolitics
HPC customers high concentration; US export restrictions, China market, tariffs, supply chain, energy/water reliability, Taiwan Strait risk.
- forex
Q3 weighted avg USD/TWD31.98; Q4 guidance 31.8. Sales USD prices and costs, translation TWD. Price return denominated TWD; no future USD/JPY or USD/TWD added.
競争力の詳細
- competitive_qualities
内容を開く
- 1
7nm以下先端製造Q3ウェハ売上79%
- 2
Q3売上前年比+50.9%
- 3
先端ノード製造歩留まり・IPエコシステム
- 4
顧客分散（顧客所在地で北米79%、個社比率は非開示）
- risks
内容を開く
- 1
2026設備投資USD60-64bn、将来維持投資が高水準
- 2
米国・日本・欧州工場の高コストと初期稼働率
- 3
AI投資サイクル過熱・需要集中
- 4
台湾地政学・技術・エネルギー・輸出規制
- 5
TWD建て利益に為替換算変動
- measurement_notes
- 1
SBC費用は営業利益と親会社利益に残す
- 2
資本組入・RSU無償交付を新たな現金支払とは扱わない
- 3
長期報酬信託の市場買付は発行会社株式数を直接変更しない
業界の詳細
- industry_type
pure_play_foundry_with_advanced_packaging
- 2026Q3_platform_share_of_total_sales
内容を開く
- HPC
- 0.68
- Smartphone
- 0.21
- IoT
- 0.04
- Automotive
- 0.04
- DCE
- 0.01
- Other
- 0.02
- node_wafer_sales_share_2026Q3
内容を開く
- 2nm
- 0.08
- 3nm
- 0.33
- 5nm
- 0.28
- 7nm
- 0.1
- 16_20nm
- 0.06
- 28nm
- 0.06
- 40_45nm
- 0.02
- 65nm
- 0.04
- 90nm_013um
- 0.01
- 130nm_and_above
- 0.02
- advanced_7nm_and_below_wafer_revenue_share
- 0.79
- technology_mix_is_not_separately_additive_to_platform_revenue
- はい
- node_mix_future
Not separately monetized on top of HPC/smartphone forecast; process shifts affect assumed platform volume+ASP/mix and consolidated margins only.
財務・資本配分の詳細
- reporting
Taiwan-adopted IFRS / TIFRS; 2026 Q3 condensed statements unaudited
- 2026Q3_actual_oku
内容を開く
- revenue
- 14942.43
- operating_profit
- 8764.45
- parent_profit
- 7630.64
- net_profit
- 7633.41
- nci_profit
- 2.77
- wafer_shipments_12in_equivalent_k
- 4476
- avg_usd_twd
- 31.98
- sbc_equity_2026H1
- 2.37026
- sbc_cash_settled_2026H1
- 3.60249
- 2026_9mo_actual_oku
内容を開く
- revenue
- 38987.27
- cost_of_revenue
- 12947.42
- operating_expenses
- 3094.24
- operating_profit
- 23020.14
- parent_profit
- 20421.06
- nci_profit
- 8.17
- consolidated_net_profit
- 20429.23
- cfo
- 24021.17
- capex
- 12899.71
- depreciation_amortization
- 5841.92
- cash_dividends_paid
- 4408.53
- 2026_9mo_cashflow_reporting_cash_dividends_vs_declared_balance
2026 9mo cash dividends paid 4408.53 oku; September 30 declared payable 3630.53 oku. They are not interchangeable.
- 2026_09_30_sep_balance_oku
内容を開く
- parent_equity
- 69979.02
- nci
- 453.26
- cash
- 36218.94
- securities
- 3950.85
- debt
- 9835.13
- dividend_payable
- 3630.53
- assets
- 100528.88
- total_liabilities
- 30096.6
- ppe
- 45264.88
- capital_stock_par
- 2593.24
- other_liabilities
- 16630.94
- other_assets
- 15094.21
- 2026H1_equity_settled_SBC_expense_oku
- 2.37026
- 2026H1_cash_settled_SBC_expense_oku
- 3.60249
- 2026H1_total_SBC_expense_oku
- 5.97275
- 2026Q3_SBC_amount_exact
- 未確認
- 2026Q3_SBC_unknown_reason
Q3 four-page unaudited condensed FS does not separately disclose SBC by nature; June 30 detailed filing is latest confirmed component breakdown.
- RSA_2022_2024
Noncash free shares under 2022/2023/2024 approved awards; new 2027+ grant sizes are pure forward-looking assumption.
- 2026H1_issued_shares_exact
- 25932370100
- company_2026_11_06_actual_repurchase_oku
- 未確認
- company_2026_11_06_confirmed_treasury_shares
- 未確認
- future_buys_model
2027-2036 zero issuer buyback assumed, 2037+ repurchase equal free award grants charged at terminal per-share intrinsic value to hold share count neutral.
- LTI_trust_market_purchases
EMPLOYER-FUNDED LTI NOTIONAL CASH BONUS. 2025 Form 20-F: paid/credited to trust to purchase market-issued common shares for executives. 2027+ amount is modeled 0.018% of revenues and DECOMPOSED FROM operating cost and operating cashflow, not a new company treasury repurchase. No issuer-owned consolidated trust determination available in reviewed sources; baseline assumes shares beneficially held for employees, without changing issued shares. Do not subtract from CFO or FCFF again.
- ESPP
DIFFERENT from LTI. 2025 20-F: voluntary employee payroll purchase of previously issued shares/ADS; employer contributes 15% of purchase price. Employer expense assumed already in forecast general payroll cost and CFO. Not classified as new issuer stock, treasury stock or LTI 0.018% line. Precise future cost not company-confirmed.
- share_based_awards_future_paid_option_proceeds
- 0
- equity_accounting
parent equity increases net income (after SBC) plus equity-settled SBC reserve credit; cash from operations adds back equity-settled SBC; new free stock issuance creates no cash, dilutes only outstanding shares.
- dividend_accounting
Quarterly board-approved dividend: issuer reduces equity and credits payable (historical 2026Q2 declared Aug11). Ex-date determines shareholder entitlement; issuer payable remains until payment, when cash and payable reduce, with NO second equity charge. Ex-date does not create a second issuer liability. An already ex-dividend but unpaid seller keeps receivable separate from ex-share sale.
- terminal_payable_treatment
2036Q2 board approval and ex/record/pay are all scenario forecasts. At Nov06 exit it is PRE ex: selling old holder sells cum-div shares, retains ZERO separate receivable; buyer acquires dividend right. Book payable recognized on issuer ledger; company cash/EV + an ex-share-value split reconcile without duplicate subtraction. Post-horizon buyer payment NOT in seller 10Y CF.
- share_class_note
1 ADR = 5 common shares; NYSE ADS USD price/time and Taiwan stock TWD close are different and not equated without FX/time normalization.
- 2036_dividend_rights_note
2036Q2 2036-08-11 board, 2036-12-10 ex, 2036-12-16 record, 2037-01-07 pay are hypothetical. Selling on Nov06 gives buyer all future entitlement, no old seller claim; displayed buyer-attached cum stock premium is a valuation split only.
- 2036_RSU_post_board_adjustment
Forecast 2036-09-01 free RSA shares issued between hypothetical 2036Q2 Aug board date and Dec ex. Recognized forecast book payable and potential final payment differ by per-share DPS x 500,000 newly issued shares plus rounded opening-report disclosure precision; an assumed future payable adjustment belongs to after exit and does not change cum share sale price.
- LTI_2027_revenue_ratio_assumed
- 0.00018
- LTI_cash_expense_already_in_forecast_operating_cost_and_operating_cashflow
- はい
- LTI_company_funded_but_beneficial_employee_trust_market_purchases
- はい
- LTI_consolidated_trust_determination_unverified
- はい
- LTI_extra_treasury_buyback_cash_outflow_to_enter_in_issuer_CFF_oku
- 0
評価根拠の詳細
- source_time_cutoff
2026-11-06
- Q3_2026_board_approved
- いいえ
- source_2026_10_publication
2026Q3 condensed unaudited; March/June 2026 TIFRS reviewed detailed; 2025 20-F audited.
- 2026_10_monthly_revenue_asof_2026_11_06
- 未確認
- 2026_10_monthly_revenue_unknown_reason
TSMC financial calendar confirms scheduled 2026-11-10, after base.
- market_Pe_or_Pbr_terminal_multiple_used
- いいえ
- exact_2026_11_06_share_count_known
- いいえ
- initial_share_count_is_dated_proxy
- はい
- price_unit_NOT_TSM_ADS_USD
- はい
- basic_diluted_vs_issued_share_base_distinct
- はい
- EWT_fund_specific_TS_MC_dividend_withholding_unknown
- はい
- confirm_before_2026_12_10_ex_date
2026Q2 announced date confirmed as of 2026-11-06; later changes/adjustments should be rechecked before processing
- terminal_2036_11_06_duration_days
- 3653
- terminal_duration_as_days_over_365_25
- 10.00136893
- unit_multiplier_TWD_per_oku
- 100000000
- share_basis_company_issued_not_fund_units
- はい
- exit_date_ex_dividend_2036Q2_status
not_yet_ex_at_exit_model_forecast_not_approved
- 2026Q2_dividend_confirmed_ex_date
2026-12-10
- 2026Q2_dividend_confirmed_record_date
2026-12-16
- 2026Q2_dividend_confirmed_payment_date
2027-01-07
- new_buyer_purchases_on_ex_date_not_entitled_to_prior_dividend
- はい
- right_pre_ex_sale_seller_separate_claim_zero
- はい
- post_exit_2037_old_seller_dividend_amount_oku
- 0
- 2036_11_06_exact_daycount_36525_years
- 10.001368925394
- company_2026_09_30_published_dividend_payable_precision
Financial statement 3630.53 oku rounded two decimals; forecast model opening residual against exact 2026Q2 7/share 0.001814 oku is data precision, not a new dividend entitlement.
分析基準とデータ
- 価格・単価
- 2135
- 株数
- 25932370100
- 時価総額（億）
- 553656.101635
- 2026_09_30_parent_equity_oku
- 69979.02
- 2026_09_30_NCI_oku
- 453.26
- 2026_09_30_debt_oku
- 9835.13
- 2026_09_30_cash_oku
- 36218.94
- 2026_09_30_marketable_securities_oku
- 3950.85
- 2026_09_30_declared_dividend_payable_oku
- 3630.53
- 2026_11_06_estimated_initial_balance_sheet
内容を開く
- 親会社持分（億）
- 73345.66327396
- 非支配持分（億）
- 454.60655245
- 現金（億）
- 35676.33783246
- securities_oku
- 3950.85
- debt_oku
- 9835.13
- dividend_payable_oku
- 1815.264093
- ppe_oku
- 47182.8473913
- other_liabilities_oku
- 16630.94
- 発行済株式数
- 25932370100
- old_holder_shares
- 25932370100
- share_capital_par_oku
- 2593.24
- other_assets_oku
- 15271.56869565
- total_equity_oku
- 73800.26982641
- total_debt_and_dividend_payable_oku
- 11650.394093
- total_liabilities_oku
- 28281.334093
- total_assets_oku
- 102081.60391941
- net_cash_excluding_declared_dividends_oku
- 29792.05783246
- old_holder_equity_fraction
- 1
- noncash_net_assets_reconciliation_oku
- 15271.56869565
- assets_minus_liabilities_and_equity_check_oku
- 0
- initial_balance_sheet_proxy_calculation
内容を開く
- source_asof
2026-09-30 financial statements
- days_2026_09_30_to_2026_11_06
- 37
- q4_guidance_days
- 92
- recognition_fraction
- 0.40217391304348
- estimated_Q4_parent_profit_neutral_oku
- 8367.113005524
- estimated_Q4_revenue_neutral_oku
- 16949.4
- reduction_of_dividend_payable_and_cash_for_2026_10_08_Q1_dividend_oku
- 1815.265907
- estimated_asof_parent_equity_status
forecast_proxy_not_post_base_actual
- 2026_Q2_dividend_unpaid_at_base_oku
- 1815.264093
- price_detail
内容を開く
- 値
- 2135
- currency
TWD
- as_of
2026-11-06
- 市場
Taiwan Stock Exchange / 2330
- 状態
confirmed_primary_TWSE
- source_url
https://www.twse.com.tw/rwd/zh/afterTrading/STOCK_DAY?date=20261104&response=html&stockNo=2330
- equivalent_ADS_ratio
- 5
- do_not_use_ADS_USD_price_to_set_local_basis
- はい
- shares_detail
内容を開く
- issued_or_economic_shares_proxy
- 25932370100
- as_of
2026-06-30
- 状態
dated_primary_issued_share_proxy_not_exact_2026_11_06
- 2026_10_31_rounded_total_outstanding_million
- 25932
- 2026_Q3_diluted_weighted_average_million
- 25932
- 2026_Q2_basic_weighted_average_thousand
- 25930549
- free_float_excluding_unvested_restricted_shares_exact
- 未確認
- treasury_stock_exact_2026_11_06
- 未確認
- reason_unknown
No day-specific audited issued vs shares awaiting retirement and consolidated trust holdings at Nov 6. Do not infer a precise treasury figure from 9-month diluted EPS.
- model_issued_ordinary_shares
- 25932370100
- model_own_treasury_shares_assumed
- 0
- model_old_holder_shares
- 25932370100
- model_old_holder_initial_ownership_fraction
- 1
- source_url
https://www.sec.gov/Archives/edgar/data/1046179/000104617926000541/a2026q2consolidatedreport-.htm
- 株価の出所
https://www.twse.com.tw/rwd/zh/afterTrading/STOCK_DAY?date=20261104&response=html&stockNo=2330
- 株数の出所
https://www.sec.gov/Archives/edgar/data/1046179/000104617926000541/a2026q2consolidatedreport-.htm
- 株価基準日
2026-11-06
追加データ・検証記録
分析ごとに収録された追加の前提、年度別データ、検証上の注意を確認できます。
分析に使用した資料
- TWSE_primary 2026-11-06
- TSMC_primary_unaudited_Q3 2026-10-15
- TSMC_primary 2026-10-15
- TSMC_primary 2026-10-15
- TSMC_primary 2026-10-15
- TSMC_primary 2026-08-11
- TSMC_primary as_of_2026-11-06
- TSMC_primary 2026-08-11
- TSMC_primary 2026-04-16
- TSMC_primary 2026-10-31
- TSMC_primary 2026-10-15
- TSMC_primary 2026-11-06
- Taiwan_MOF_primary 2024-08-22
- EWT_fund_primary 2025-08-31
- EWT_fund_primary 2026-02-28
- EWT_fund_primary 2026-11-06_basis_unknown
- TSMC_primary 2026-04-16
- TSMC_primary as_of_2026-11-06
- TSMC_primary 2026-08-11
- TSMC_SEC_2025_20F_LTI_ESPP_trust_primary 2026-04-16
- TSMC_SEC_2026Q2_reviewed_notes26_27_cashflow_primary 2026-08-11
- TSMC_Aug11_2026_board_confirmed_2026Q2_exdate_primary 2026-08-11