Investors should use the IASB IFRS figures for U.S. reporting and comparability purposes. The discrepancy is purely accounting-policy-driven and does not reflect operational changes or cash flow differences.
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Executive Summary
Taiwan Semiconductor Manufacturing Company Limited (TSMC) filed a Form 6-K to disclose differences between its 2025 consolidated financial statements prepared under Taiwan-endorsed IFRSs (Taiwan-IFRSs) and those prepared under IFRSs issued by the IASB for its U.S. Form 20-F filing. The primary difference stems from the timing of recognition of R.O.C. tax on unappropriated earnings, resulting in slightly higher net income and equity under Taiwan-IFRSs.
Key Facts
- TSMC reported 2025 net income attributable to shareholders of NT$1,717,883 million under Taiwan-IFRSs versus NT$1,697,604 million under IASB IFRSs, a difference of NT$20,279 million.
- Basic EPS was NT$66.26 under Taiwan-IFRSs versus NT$65.47 under IASB IFRSs.
- Total equity attributable to shareholders of the parent was NT$5,419,596 million under Taiwan-IFRSs versus NT$5,355,039 million under IASB IFRSs.
- The main accounting divergence is the timing of recognition of R.O.C. tax on unappropriated earnings.
Financial Impact
Differences in net income and equity are minor relative to overall scale (1.2% lower under IASB IFRSs). No operational or cash flow impact.
Risk Factors
- Potential confusion for U.S. investors unfamiliar with Taiwan-IFRSs vs. IASB IFRSs differences.
- Minor risk of misinterpretation if investors rely on non-comparable local financials.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001046179-26-000201 |
| Document: 0001046179-26-000201-index-headers.html | 0001046179-26-000201 |
| Document: 0001046179-26-000201-index.html | 0001046179-26-000201 |
| Document: 0001046179-26-000201.txt | 0001046179-26-000201 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 6-K | $11.24 $17.24 | ▲ +53.38% | ▲ +51.24% | — |
Jun 4, 2026 20w ago | 6-K | $17.24 | awaiting T+5 | — | — |
May 15, 2026 23w ago | 6-K | $17.24 $17.24 | · 0.00% | ▼ −0.96% | — |
May 15, 2026 23w ago | 6-K | $17.24 $17.24 | · 0.00% | ▼ −0.96% | — |
May 12, 2026 24w ago | 6-K | $17.24 $17.24 | ▲ +0.00% | ▼ −0.08% | — |
May 12, 2026 24w ago | 6-K | $17.24 $17.24 | ▲ +0.00% | ▼ −0.08% | — |
May 8, 2026 24w ago | 6-K | $17.24 $17.24 | ▲ +0.00% | ▼ −1.46% | — |
May 8, 2026 24w ago | 6-K | $17.24 $17.24 | ▲ +0.00% | ▼ −1.46% | — |
Apr 24, 2026 26w ago | 6-K | $17.24 $17.24 | ▼ −0.00% | ▼ −0.91% | — |
Apr 17, 2026 27w ago | 6-K | $17.24 $17.24 | ▼ −0.00% | ▼ −0.55% | — |
US Market Status
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