LOTTE Himart Discloses Corporate Governance Report: Maintains 300 KRW Dividend for 3 Consecutive Years Despite Net Losses, Emphasizes Shareholder Return Policy and Governance Transparency
FY2025 consolidated revenue: 2.3 trillion KRW, operating profit: 9.6 billion KRW, net loss: 2.4 billion KRW, indicating continued profitability deterioration.
Major shareholder Lotte Shopping holds 65.26%, minority shareholders 32.74%, maintaining a stable ownership structure.
Cash dividend of 300 KRW per share maintained for three consecutive years (2023-2025), totaling approximately 6.94 billion KRW annually. Despite net losses, the company upholds dividends with a target payout ratio of 30%.
Board comprises 7 directors (4 independent), with 5 committees (Audit, Transparency, Independent Director Nomination, Compensation, ESG). Enhanced shareholder access through electronic voting and avoidance of concentrated general meeting dates.
Voluntary disclosure of value-up plan and active communication via conferences and NDRs. Dividend base date set in advance to improve predictability.
Internal controls: ISO 37001 (anti-bribery) and ISO 37301 (compliance management) certified, internal accounting control system in place, audit committee composed entirely of independent directors.
[AI Comprehensive Analysis]This report merely confirms existing governance and dividend policies without new capital raising or ownership changes, thus having a neutral short-term impact on stock price. However, persistent net losses and dividend payments may pose long-term financial risks, warranting investor caution.