DN Group Annual Conglomerate Disclosure: 33 New Subsidiaries from Heller Acquisition, Stable Financials


  • Annual conglomerate disclosure for DN Group (representative company: DN AUTOMOTIVE). Correction of subsidiary DN Service's inclusion date (2026.01.02 → 2026.03.03).
  • Net increase of 33 subsidiaries (33 added, 0 removed) mainly due to acquisition of Heller group stake. Total 58 affiliates: 8 domestic, 50 overseas.
  • DN AUTOMOTIVE standalone: Assets 1.92T KRW, liabilities 628.4B, equity 1.30T, debt ratio 48.5%. Sales 986.3B, operating profit 107.1B, net income 69.0B.
  • Group consolidated: Assets 5.81T, liabilities 2.24T, equity 3.57T, debt ratio 62.6%. Sales 2.92T, operating profit 556.0B, net income 418.7B.
  • Largest shareholder: Kim Sang-heon (33.44%), including related parties 64.55%. Treasury shares 6.75M (11.53%).
  • Normal inter-company transactions: goods/services (domestic 17.7B, overseas 1.2T), loans (to E.Q.Four 3.5B), debt guarantees (total 429.4B).
  • New outside directors appointed (Kang Han-chul, Kim Bo-kyung) and guarantees for Heller acquisition disclosed.
  • [AI Summary]This is a routine annual group disclosure. The expansion via Heller acquisition and stable financials are neutral for shareholders. Treasury shares of 11.53% could be a future positive if cancelled, but no immediate catalyst.

KOSPI Filing Information


  • Filing: [Correction of Description] Large Enterprise Group Status Disclosure [Annual and First Quarter Filing (Representative Company)]
  • Company: DN AUTOMOTIVE (007340)
  • Submission: DN AUTOMOTIVE CORPORATION
  • Receipt: 06-01-2026
  • Under Fair Trade Commission (KFTC)