TOVIS Decides Spin-off of Automotive Display Business and Share Cancellation

At the extraordinary general meeting on June 2, 2026, will seek approval for the spin-off of the automotive display business into a new company, Neovue Co., Ltd. (tentative name)
Split ratio: 0.3536822; net assets transferred to newco: KRW 95.56 billion; surviving company (TOVIS) to retain casino monitor and other businesses
Board resolved on February 2, 2026 to cancel treasury shares, as part of shareholder return policy
2025 consolidated revenue: KRW 640.3 billion (+2.7% YoY), operating profit: KRW 57.2 billion (-2.0%), net profit: KRW 44.7 billion
Separate revenue: KRW 564.0 billion, operating profit: KRW 43.4 billion, net profit: KRW 32.9 billion, EPS: KRW 2,179
Litigation risk: two pending lawsuits – damage claim (KRW 666 million + USD 502k) and loan claim (KRW 200 million)
Agenda includes new director candidates: inside director Kim Yong-soo (CFO) and outside director Kang Shin-sook (former Suhyup Bank president)
Post-split, Neovue expected to be re-listed on KOSDAQ; TOVIS to undergo change in listing