Neptune Company's First Annual Disclosure After Krafton Affiliation: Records Net Loss of 67.9B KRW Due to Huge Non-Operating Expenses, but Financial Structure Remains Sound
Neptune Company, a member of the Krafton conglomerate, filed its annual corporate group status disclosure as of May 29, 2026. This is the first annual filing since its affiliation with Krafton in August 2025.
For the last fiscal year (2025), individual financial statements show total assets of 338.01B KRW, total liabilities of 23.54B KRW, and total equity of 314.48B KRW, resulting in a very healthy debt ratio of 7.48%.
Recorded revenue of 30.18B KRW and operating profit of 2.37B KRW, but incurred a net loss of 67.89B KRW due to other expenses of 81.29B KRW (mainly impairment losses on investments in associates). This may negatively impact the stock price.
The largest shareholder is Krafton Co., Ltd. with 45.07% (21,061,965 shares). Including registered executives and treasury shares, the same person side holds 54.79%. The company holds 3.85% (1,801,649 shares) as treasury stock.
Key subsidiaries include Nimble Neuron (74.89%), Phantom (51.37%), Playhard (52.18%), and TripleA (100%). Completed absorption merger of TripleA in April 2026.
Inter-company loans and receivables include 49.03B KRW in loans to Nimble Neuron and others, but no significant issues. Internal transactions are minimal.
[AI Summary]Neptune Company's first annual disclosure after joining Krafton shows a net loss of 67.89B KRW due to large non-operating expenses, but its ultra-low debt ratio of 7.48% and stable majority shareholder stake of over 45% partially offset investment risks. While the short-term stock price may face pressure, attention should be paid to long-term business transformation possibilities.
KOSDAQ Filing Information
Filing: Large Enterprise Group Status Disclosure [Annual And First Quarter Use (Individual Company)]