33 Years in Taiwan, Scans: Taiwan is the Most Foreign-Friendly Land for Foreign Businesses

Scans, a renowned chain furniture brand originating from Singapore, has been operating for 52 years and has been actively developing in Taiwan for 33 years. Chairman Lin Fu-chin emphasized the commitment to continuous deep cultivation in Taiwan, praising Taiwan for possessing a rare and friendly business environment globally. The government and private sector's high openness and goodwill towards foreign capital have enabled Scans to establish a stable business footprint in Taiwan, reinforcing Taiwan as the most foreign-friendly land for foreign businesses. Scans held its annual spring dinner banquet today, attended by Presidential Office Advisor Shen Jong-chin, Legislative Yuan Speaker Han Kuo-yu, and Taoyuan Mayor Chang Shan-cheng. Lin Fu-chin exclaimed, 'In Taiwan, foreign businesses are not just guests, but family.' The banquet also hosted Singaporean, Indonesian, and Taiwanese resident representatives. Lin Fu-chin urged that Taiwan's warm human touch and convenient lifestyle should be made known to more foreign enterprises, stating, 'Investing and living in Taiwan is the most correct decision in life.' Since its establishment in 1974, Scans has celebrated its 52nd anniversary. After crossing the sea to Taiwan from Singapore in 1993, it has been deeply cultivating the market for 33 years, which is more than half of Scans' historical existence. This reflects Taiwan's significance as a crucial market and base for Scans. The company has established its corporate headquarters in Taoyuan and is further investing in a new warehouse in Tainan. Although last year presented significant challenges due to the broader economic climate, including US tariffs and exchange rate fluctuations, as well as domestic real estate market adjustments, Scans strived to achieve profitability and continued to distribute cash dividends. Scans' revenue in March was NT$174 million, a year-on-year decrease of 0.27%. Despite entering the traditional off-season after the Lunar New Year, revenue remained above NT$150 million. First-quarter revenue reached NT$704 million, a year-on-year increase of 19.13%. Looking ahead to this year, Scans indicated that if the Taiwanese real estate market transaction volume gradually bottoms out and recovers in the second half of 2026, leading to an increase in completed housing units, the furniture industry may see deferred demand being fulfilled. Consequently, operations in the second half of the year are expected to further improve. However, significant uncertainties in the broader environment persist, requiring continuous observation of the evolving situation. As of the end of March, there were 85 stores across Taiwan. Scans stated that due to the prevailing uncertainties in the overall environment, while expansion will continue, the pace will be relatively cautious, with a focus on enhancing same-store sales growth. (Editor: Chang Liang-chih) 1150414