Treasury share cancellation: On April 27, 2026, the board resolved to cancel 2,354,110 common shares (approx. 7.5% of total issued shares). The cancellation was completed on May 6, 2026, with a cancellation amount of approx. 84 billion KRW, reinforcing shareholder returns.
Dividends: For FY2025, common shares received 640 KRW per share (preferred shares 4,861 KRW), total dividend approx. 23.3 billion KRW. Cash dividend payout ratio: consolidated 25.2%, separate 32.4%.
Change of largest shareholder: On March 26, 2026, the largest shareholder changed from Kim Yong-woo to Doronicum Co., Ltd. Subsequently, a comprehensive share exchange is underway for complete subsidiary integration (board resolution on April 27, 2026).
Non-compliance with key governance indicators: Failure to announce convocation 4 weeks prior, failure to notify shareholders of dividend policy, lack of CEO succession plan, lack of board gender diversity (all male), failure to hold quarterly audit committee meetings with external auditors without management, etc. Only 5 out of 15 indicators were met.
Financial growth: Consolidated sales of 446.3 billion KRW (+10.9% YoY), operating profit of 127.7 billion KRW (+45.0%), net income of 92.3 billion KRW (+18.3%), showing strong performance.
AI comprehensive analysis: The large-scale treasury share cancellation and dividends are positive for shareholder returns. However, uncertainties from the change in controlling shareholder and the share exchange potentially leading to delisting, along with weak governance practices, pose investment risks.