Company: FSTWF
Filing Date: 2025-02-28
Form Type: F-1
Source: 0001213900-25-018264
Chunk: 181

Company: FST Corp.
Filing Date: 2025-02-28
Form: F-1
Chunk 181
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 |     |            140.5001 |     | 131.4589 |

(w)Comprehensive income Comprehensive income consists of two components, net income and other comprehensive income. The foreign currency translation gain or loss resulting from translation of the consolidated financial statements expressed in TWD/JPY to USD is reported in other comprehensive (loss) income in the consolidated statements of operations and comprehensive income. (x)Earnings per share Basic earnings per share is computed by dividing net income attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding for the period. Diluted earnings per share is calculated by dividing net income attributable to ordinary shareholders as adjusted for the effect of dilutive ordinary equivalent shares, if any, by the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the period. Potentially dilutive shares are excluded from the computation if their effect is anti -dilutive. (y)Segment reporting The Group uses the management approach in determining its operating segments. The Group’s chief operating decision maker (“CODM”) identified as the Group’s Chief Executive Officer, relies upon the consolidated results of operations as a whole when making decisions about allocating resources and assessing the performance of the Group. As a result of the assessment made by CODM, the Group has only one reportable segment. The Group does not distinguish between markets or segments for the purpose of internal reporting. The Group’s long -livedassets are substantially located in the Taiwan and United States. The following table presents long -livedassets by geographic segment as of December 31, 2023 and 2022.

|        |     | December 31, |       2023 |     |   |       2022 |
|:-------|:----|:-------------|-----------:|:----|:--|-----------:|
| Taiwan |     | $            | 18,666,589 |     | $ |  7,777,177 |
| US     |     |              | 10,634,130 |     |   | 11,008,691 |
| Japan  |     |              |  1,164,640 |     |   |  1,728,064 |
| Total  |     | $            | 30,465,359 |     | $ | 20,513,932 |

F-16

FEMCO STEEL TECHNOLOGY CO., LTD.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (In U.S. dollars, except for