Byucksan Q1 2026: Operating Profit Up, Continued Share Cancellation... Strengthening Financials and Shareholder Returns


  • Q1 2026 consolidated revenue KRW 139.2B (+3.3% YoY), operating profit KRW 4.7B (+175% YoY), net profit KRW 1.5B (swing to profit).
  • Share cancellation: 1.5M shares canceled in March 2026 (total shares reduced to 65.36M). Continued treasury share buyback and cancellation policy.
  • Dividend policy: Target to return at least 15% of standalone net income. 55th term dividend KRW 30 per share.
  • New business: Acquisition of Youngwoo Fasteners (80% stake in 2025, additional stake in 2026) expands fastener & tool business. Haatz enters bathroom business.
  • Financials: Debt ratio 83.68% (up from 76.44% at year-end). Net debt ratio 29.31%.
  • Risks: Litigation exposure (claims ~KRW 150B). Full impairment of investment in Vietnam subsidiary (~KRW 1.5B). Redemption suspension on private equity fund (KRW 3B, recovery uncertain).
  • R&D: Continued development of ultra-high heat insulation materials (construction), ventilation systems (kitchen), etc.

KOSPI Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: BYUKSAN (007210)
  • Submission: BYUKSAN CORPORATION
  • Receipt: 05-15-2026