Binggrae Enhances Shareholder Value via Haitai Ice Cream Merger and Share Cancellation

Completed small-scale merger with subsidiary Haitai Ice Cream on April 1, 2026 (surviving entity: Binggrae, disappearing: Haitai Ice Cream)
Canceled 286,672 treasury shares (3.00% of total issued shares) on March 26, 2026
Consolidated Q1 2026: revenue KRW 312.4B, operating profit KRW 13.8B, net income KRW 11.0B (separate: revenue KRW 286.7B, operating profit KRW 11.1B)
Dividend policy: target payout ratio of over 25% of separate net income (excluding one-off items); paid KRW 3,300 per share for 60th fiscal year
Main raw milk price: KRW 1,226/kg, purchase amount KRW 41.4B
GHG emissions 57,970 tCO₂eq (2025), energy use 1,166 TJ
R&D expenditure KRW 3.2B (1.03% of revenue), launched 14 new products (e.g., More Protein Drink, Yoplait Jujube)
Confirmed penalties: KRW 38.8B fine from Fair Trade Commission (2022), KRW 200M fine from Supreme Court (2025)
Major shareholder: Kim Ho-yeon 39.06%, treasury shares 4.61% (post-cancellation reduction)
Five wholly owned subsidiaries (Haitai Ice Cream, China/US/Vietnam/Australia entities)