Hyundai Dept. Store Q1 2026: Dept. strong, furniture loss, debt ratio up
Shareholder return: Completed cancellation of 1,063,901 treasury shares in April 2026; new acquisition of 232,460 shares (~KRW 210B) to be cancelled within 2026. Interim dividend introduced from 2025, targeting total annual dividend of KRW 50B by 2027.
Q1 2026 consolidated results: Sales KRW 950.1B, operating profit KRW 98.8B, net profit attributable to parent KRW 68.2B.
Segment results: Dept. store OP KRW 135.8B (124.5% of total), duty-free OP KRW 3.4B, furniture OP -KRW 30.1B (swung to loss from profit of KRW 25.5B in full year 2025).
Financial structure: Debt ratio 88.71% (up from 78.26% at year-end 2025), net debt to equity 35.31% (from 25.94%), total borrowings KRW 2.48T.
New investments: Plans for three new stores (The Hyundai Busan 2027, The Hyundai Gwangju 2029, Premium Outlet Gyeongsan 2028) with total investment KRW 2.73T.
Contingent liabilities: ZINUS Indonesia anti-dumping duty rate finalized at 0.00%, refund in progress; fiberglass class action lawsuit mediation ongoing.