Hankook Cosmetics Manufacturing: Strong Q1 2026 with 37% Revenue Growth and 50% Dividend Increase

Revenue 52.2bn KRW (+37.5% YoY), operating profit 8.6bn KRW (+43% YoY), net income 7.5bn KRW (+44% YoY)
DPS increased to 300 won (from 200 won, +50%); total dividend 1.1bn KRW
Total assets 214.6bn, liabilities 103.5bn, equity 111.2bn; cash & short-term financial assets 119bn
Inventory 18.6bn, trade receivables 35.8bn (allowance 0.27bn, 0.8% ratio) - sound
55bn KRW exchangeable bonds (issued 2025), exchangeable into 907k treasury shares; stable financial structure
Related party transactions: sales to Korea Cosmetics Co. and The Sam International; CEO personal guarantee of 2.4bn KRW
R&D expenses 1.8bn KRW (3.45% of sales), new patent registration and functional cosmetic development
Growth investments: stock split (1:5 in April 2026) and land acquisition for new factory in Cheongju, 6.5bn KRW