Income Statement KORCHIP Inc.

Stocks

A126730

KR7126730001

Electronic Equipment & Parts

End-of-day quote Korea S.E. 2026-09-23			5-day change	1st Jan Change
22,700.00 ^KRW	-1.52%		-7.54%	+55.16%

05-21	Tranche Update on KORCHIP Inc.'s Equity Buyback Plan announced on November 17, 2025.	CI
05-21	Tranche Update on KORCHIP Inc.'s Equity Buyback Plan announced on November 17, 2025.	CI

1e6860619f7a6c5993.0WvkFo-9CUtzHZPQwk80cxp7bhYQQIJ8pJ2NRVJBFsM.mBGucfntTTo5X-qG93ZARmoUBF5JL8kf0e3ELWYoeayCDtFOvNxCAzBo8A

Published financial data: KORCHIP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Revenues	47.28B	38.75B	32.91B	33.37B	38.28B
Other Revenues, Total	-10	-10	-10	-10	-
Total Revenues	47.28B	38.75B	32.91B	33.37B	38.28B
Cost of Goods Sold, Total	38.31B	27.35B	23.28B	23.63B	29.48B
Gross Profit	8.97B	11.4B	9.63B	9.74B	8.81B
Selling General & Admin Expenses, Total	3.12B	2.83B	3.85B	4.57B	5.55B
Provision for Bad Debts	21.64M	27.8M	643M	419M	-242M
R&D Expenses	242M	460M	874M	1.04B	1.32B
Depreciation & Amortization - (IS)	299M	409M	523M	624M	749M
Amortization of Goodwill and Intangible Assets - (IS)	11.22M	5.77M	18.39M	18.33M	82.62M
Other Operating Expenses	57.92M	64.19M	127M	161M	207M
Other Operating Expenses, Total	3.75B	3.8B	6.03B	6.84B	7.67B
Operating Income	5.22B	7.6B	3.6B	2.9B	1.14B
Interest Expense, Total	-429M	-592M	-628M	-601M	-586M
Interest And Investment Income	868K	647K	39.01M	118M	384M
Net Interest Expenses	-428M	-591M	-589M	-483M	-202M
Income (Loss) On Equity Invest.	-	-	-	-111M	-
Currency Exchange Gains (Loss)	216M	69.97M	121M	389M	240M
Other Non Operating Income (Expenses)	8.69M	-72.81M	2.49B	750M	154M
EBT, Excl. Unusual Items	5.01B	7B	5.63B	3.44B	1.33B
Gain (Loss) On Sale Of Investments	-	-	-	348M	1.87B
Gain (Loss) On Sale Of Assets	-	-	-	1.84M	-
Asset Writedown	-	-34.3M	-	-	-
EBT, Incl. Unusual Items	5.01B	6.97B	5.63B	3.79B	3.2B
Income Tax Expense	-1.24B	1.26B	829M	564M	355M
Earnings From Continuing Operations	6.26B	5.7B	4.8B	3.23B	2.85B
Net Income to Company	6.26B	5.7B	4.8B	3.23B	2.85B
Minority Interest	-	-	-	-	6.26K
Net Income - (IS)	6.26B	5.7B	4.8B	3.23B	2.85B
Net Income to Common Incl Extra Items	6.26B	5.7B	4.8B	3.23B	2.85B
Net Income to Common Excl. Extra Items	6.26B	5.7B	4.8B	3.23B	2.85B
Per Share Items
Net EPS - Basic	938	855	719.32	420.46	357.37
Basic EPS - Continuing Operations	938	855	719.32	420.46	357.37
Basic Weighted Average Shares Outstanding	6.67M	6.67M	6.67M	7.68M	7.97M
Net EPS - Diluted	938	820	611	359.34	350
Diluted EPS - Continuing Operations	938	820	611	359.34	350
Diluted Weighted Average Shares Outstanding	6.67M	6.95M	6.94M	7.95M	8.14M
Normalized Basic EPS	469.8	656.11	527.21	280.21	104.44
Normalized Diluted EPS	469.8	629.25	506.95	270.81	102.34
Supplemental Items
EBITDA	6.25B	8.91B	5.03B	4.58B	3.51B
EBITA	5.3B	7.67B	3.62B	2.92B	1.22B
EBIT	5.22B	7.6B	3.6B	2.9B	1.14B
EBITDAR	6.26B	8.92B	5.05B	4.6B	3.52B
Effective Tax Rate - (Ratio)	-24.79	18.15	14.72	14.86	11.08
Normalized Net Income	3.13B	4.38B	3.52B	2.15B	833M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	916M	682M	904M	1.12B	1.09B
General and Administrative Expenses	25.21M	25.21M	18.07M	18.44M	12.74M
Research And Development Expense From Footnotes	242M	460M	874M	1.04B	1.32B
Net Rental Expense, Total	6.13M	14.55M	19.04M	25.33M	11.84M
Imputed Operating Lease Interest Expense	-	6.81M	10.53M	16.62M	10.75M
Imputed Operating Lease Depreciation	-	7.74M	8.51M	8.7M	1.1M
Maintenance & Repair Expenses, Total	-	-	-	-	-

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Assets
Cash And Equivalents	250M	841M	1.12B	3.21B	8.48B
Short Term Investments	-	-	-	-	6.39M
Trading Asset Securities, Total	-	-	-	17.27B	11.45B
Total Cash And Short Term Investments	250M	841M	1.12B	20.48B	19.93B
Accounts Receivable, Total	4.52B	2.88B	4.05B	6.72B	7.65B
Other Receivables	543M	405M	128M	212M	688M
Notes Receivable	-	-	-	-	55.46M
Total Receivables	5.06B	3.29B	4.18B	6.93B	8.39B
Inventory	13.09B	13.88B	13B	11.04B	11.95B
Prepaid Expenses	59.55M	47.88M	38.63M	42.64M	133M
Other Current Assets, Total	553M	594M	154M	105M	102M
Total Current Assets	19.01B	18.65B	18.48B	38.6B	40.51B
Gross Property Plant And Equipment	27.35B	28.97B	37.97B	43.33B	45.59B
Accumulated Depreciation	-17.3B	-18.09B	-19.84B	-20.73B	-22.15B
Net Property Plant And Equipment	10.06B	10.88B	18.13B	22.6B	23.44B
Long-term Investments	-	-	-	-	-70
Other Intangibles, Total	13.18M	84.06M	67.41M	83.8M	439M
Loans Receivable Long-Term	-	-	-	-	227M
Deferred Tax Assets Long-Term	1.3B	384M	476M	199M	636M
Deferred Charges Long-Term	103M	0	0	-	-
Other Long-Term Assets, Total	2.58B	352M	342M	516M	1.94B
Total Assets	33.07B	30.35B	37.5B	62B	67.2B
Liabilities
Accounts Payable, Total	7.57B	412M	728M	1.44B	2.51B
Accrued Expenses, Total	792M	701M	794M	1.05B	485M
Short-term Borrowings	4.37B	5.32B	6.87B	-	-
Current Portion of Long-Term Debt	3.15B	167M	1.66B	24.99M	-
Current Portion of Leases	386M	374M	422M	581M	741M
Current Income Taxes Payable	-	316M	786M	300M	602M
Other Current Liabilities	385M	2.24B	1.5B	610M	1.6B
Total Current Liabilities	16.65B	9.53B	12.75B	4.01B	5.93B
Long-Term Debt	2.99B	1.69B	24.99M	3.36B	3.85B
Long-Term Leases	776M	1.02B	633M	1.08B	696M
Pension & Other Post Retirement Benefits	753M	639M	629M	759M	919M
Deferred Tax Liability Non Current	-	-	379M	-	-
Other Non Current Liabilities	-	10	150M	30	-850
Total Liabilities	21.17B	12.88B	14.57B	9.2B	11.4B
Common Stock, Total	3.48B	3.48B	3.48B	4.25B	4.25B
Additional Paid In Capital	1B	1B	1B	27.5B	6.48B
Retained Earnings	7.67B	13.4B	18.13B	21.24B	45.57B
Treasury Stock	-286M	-286M	-286M	-1.79B	-3.09B
Comprehensive Income and Other	28.1M	-118M	605M	1.59B	2.59B
Total Common Equity	11.9B	17.47B	22.93B	52.8B	55.8B
Minority Interest	-	-	-	-	430K
Total Equity	11.9B	17.47B	22.93B	52.8B	55.8B
Total Liabilities And Equity	33.07B	30.35B	37.5B	62B	67.2B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.67M	6.65M	6.67M	8.04M	7.97M
ECS Total Common Shares Outstanding	6.67M	6.65M	6.67M	8.04M	7.97M
Book Value / Share	1.78K	2.63K	3.44K	6.57K	7K
Tangible Book Value	11.88B	17.39B	22.86B	52.71B	55.36B
Tangible Book Value Per Share	1.78K	2.62K	3.43K	6.56K	6.95K
Total Debt	11.67B	8.57B	9.61B	5.04B	5.29B
Net Debt	11.42B	7.73B	8.49B	-15.44B	-14.64B
Debt Equivalent Oper. Leases	49.05M	116M	152M	203M	94.76M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	430K
Inventories - Raw Materials, Total	772M	555M	1.01B	652M	722M
Inventories - Work In Process, Total	2B	2.81B	3.42B	3.14B	1.94B
Inventories - Finished Goods, Total	10.27B	10.44B	8.47B	7.14B	9.19B
Inventories - Others	99.77M	156M	195M	217M	201M
Land - (BS)	3.86B	3.86B	7.57B	7.59B	6.84B
Buildings, Total	1.25B	1.26B	2.53B	5.33B	4.48B
Machinery, Total	20.4B	21.37B	23.1B	24.78B	27.42B
Accumulated Allowance for Doubtful Accounts (Supple)	147M	163M	74.19M	492M	250M

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Net Income	6.26B	5.7B	4.8B	3.23B	2.85B
Depreciation & Amortization - CF	952M	1.24B	1.41B	1.66B	2.28B
Amortization of Goodwill and Intangible Assets - (CF)	81.65M	75.76M	19.45M	19.38M	83.42M
Depreciation & Amortization, Total	1.03B	1.31B	1.43B	1.68B	2.37B
(Gain) Loss From Sale Of Asset	-599K	3.46M	-	109M	1K
(Gain) Loss on Sale of Investments - (CF)	17.85M	-215M	-	-348M	-1.87B
Asset Writedown & Restructuring Costs	-	34.3M	-	-	-
Stock-Based Compensation (CF)	-	8.35M	762M	760M	1.78B
Provision and Write-off of Bad Debts	21.64M	27.8M	11.25M	419M	-242M
Other Operating Activities, Total	-942M	1.89B	55.73M	-734M	1.96B
Change In Accounts Receivable	-768M	1.54B	-1.25B	-2.89B	-745M
Change In Inventories	-6.84B	-866M	893M	1.97B	-2.03B
Change In Accounts Payable	3.71B	-7.16B	322M	696M	1.12B
Change in Unearned Revenues	-	-	-	-	-
Change in Other Net Operating Assets	-630M	-268M	464M	-492M	-580M
Cash from Operations	1.86B	2.02B	7.49B	4.4B	4.61B
Capital Expenditure	-2.68B	-1.34B	-3.4B	-5.01B	-4.62B
Sale of Property, Plant, and Equipment	600K	61.59M	-	1.85M	-
Cash Acquisitions	-1.66M	-	-3.43B	-	-
Sale (Purchase) of Intangible assets	-4.2M	-78.04M	-2.8M	-776K	-6M
Investment in Marketable and Equity Securities, Total	-40.5M	-	45.45M	-16.92B	7.4B
Other Investing Activities, Total	-274M	2.38B	-76.76M	30.4M	22M
Cash from Investing	-3B	1.03B	-6.86B	-21.9B	2.8B
Short Term Debt Issued, Total	29.3B	28.45B	15.61B	4.77B	-
Long-Term Debt Issued, Total	1.76B	4.6B	-	-	-
Total Debt Issued	31.06B	33.05B	15.61B	4.77B	-
Short Term Debt Repaid, Total	-29.26B	-30.06B	-15.44B	-8.7B	-
Long-Term Debt Repaid, Total	-676M	-5.45B	-508M	-2.12B	-640M
Total Debt Repaid	-29.93B	-35.51B	-15.95B	-10.83B	-640M
Issuance of Common Stock	-	-	-	27.1B	232M
Repurchase of Common Stock	-	-	-	-1.5B	-1.76B
Other Financing Activities, Total	-10	-	-	-	-
Cash from Financing	1.12B	-2.46B	-336M	19.55B	-2.16B
Foreign Exchange Rate Adjustments	10.96M	3.83M	-18.33M	46.23M	16.36M
Miscellaneous Cash Flow Adjustments	-460	-	-	-90	-
Net Change in Cash	-9.41M	591M	278M	2.09B	5.27B
Supplemental Items
Cash Interest Paid	434M	499M	221M	210M	58.97M
Cash Income Tax Paid (Refund)	6.66M	8.84M	439M	1.18B	607M
Levered Free Cash Flow	-	152M	468M	-3.06B	-2.58B
Unlevered Free Cash Flow	-	522M	860M	-2.68B	-2.21B
Change In Net Working Capital	-	4.12B	-576M	1.16B	669M
Net Debt Issued / Repaid	1.12B	-2.46B	-336M	-6.06B	-640M

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Profitability
Return on Assets	-	14.97	6.64	3.64	1.1
Return on Total Capital	-	19.14	7.69	4.01	1.2
Return On Equity %	-	38.83	23.76	8.53	5.25
Return on Common Equity	-	38.83	23.76	8.53	5.25
Margin Analysis
Gross Profit Margin %	18.97	29.41	29.27	29.18	23.01
SG&A Margin	6.6	7.32	11.68	13.7	14.49
EBITDA Margin %	13.22	22.99	15.29	13.71	9.16
EBITA Margin %	11.21	19.8	11.01	8.75	3.19
EBIT Margin %	11.04	19.6	10.95	8.69	2.98
Income From Continuing Operations Margin %	13.23	14.71	14.58	9.68	7.44
Net Income Margin %	13.23	14.71	14.58	9.68	7.44
Net Avail. For Common Margin %	13.23	14.71	14.58	9.68	7.44
Normalized Net Income Margin	6.63	11.29	10.69	6.45	2.18
Levered Free Cash Flow Margin	-	0.39	1.42	-9.17	-6.73
Unlevered Free Cash Flow Margin	-	1.35	2.61	-8.04	-5.77
Asset Turnover
Asset Turnover	-	1.22	0.97	0.67	0.59
Fixed Assets Turnover	-	3.7	2.27	1.64	1.66
Receivables Turnover (Average Receivables)	-	10.48	9.5	6.2	5.33
Inventory Turnover (Average Inventory)	-	2.03	1.73	1.97	2.56
Short Term Liquidity
Current Ratio	1.14	1.96	1.45	9.64	6.83
Quick Ratio	0.32	0.43	0.42	6.84	4.77
Operating Cash Flow to Current Liabilities	0.11	0.21	0.59	1.1	0.78
Days Sales Outstanding (Average Receivables)	-	34.84	38.42	59.05	68.5
Days Outstanding Inventory (Average Inventory)	-	179.95	210.69	186.12	142.36
Average Days Payable Outstanding	-	51.77	9.29	18.33	23.72
Cash Conversion Cycle (Average Days)	-	163.03	239.83	226.84	187.14
Long Term Solvency
Total Debt/Equity	98.07	49.05	41.91	9.55	9.48
Total Debt / Total Capital	49.51	32.91	29.53	8.72	8.66
LT Debt/Equity	31.64	15.51	2.87	8.4	8.15
Long-Term Debt / Total Capital	15.98	10.41	2.02	7.67	7.45
Total Liabilities / Total Assets	64.02	42.44	38.86	14.84	16.97
EBIT / Interest Expense	12.16	12.83	5.74	4.82	1.94
EBITDA / Interest Expense	14.57	15.05	8.01	7.61	5.99
(EBITDA - Capex) / Interest Expense	8.32	12.78	2.61	-0.72	-1.89
Total Debt / EBITDA	1.87	0.96	1.91	1.1	1.51
Net Debt / EBITDA	1.83	0.87	1.69	-3.37	-4.17
Total Debt / (EBITDA - Capex)	3.27	1.13	5.87	-11.59	-4.77
Net Debt / (EBITDA - Capex)	3.2	1.02	5.18	35.47	13.21
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-18.05	-15.07	1.39	14.72
Gross Profit, 1 Yr. Growth %	-	27.02	-15.47	1.08	-9.55
EBITDA, 1 Yr. Growth %	-	42.5	-43.51	-9.1	-23.33
EBITA, 1 Yr. Growth %	-	44.73	-52.78	-19.42	-58.11
EBIT, 1 Yr. Growth %	-	45.54	-52.56	-19.52	-60.7
Earnings From Cont. Operations, 1 Yr. Growth %	-	-8.89	-15.82	-32.72	-11.77
Net Income, 1 Yr. Growth %	-	-8.89	-15.82	-32.72	-11.77
Normalized Net Income, 1 Yr. Growth %	-	39.6	-19.6	-38.82	-61.31
Diluted EPS Before Extra, 1 Yr. Growth %	-	-12.58	-25.52	-41.19	-2.51
Accounts Receivable, 1 Yr. Growth %	-	-36.19	40.45	66.04	13.82
Inventory, 1 Yr. Growth %	-	6.01	-6.37	-15.04	8.26
Net Property, Plant and Equip., 1 Yr. Growth %	-	8.21	66.56	24.69	3.72
Total Assets, 1 Yr. Growth %	-	-8.2	23.53	65.36	8.39
Tangible Book Value, 1 Yr. Growth %	-	46.31	31.46	130.61	5.02
Common Equity, 1 Yr. Growth %	-	46.85	31.21	130.3	5.68
Cash From Operations, 1 Yr. Growth %	-	8.48	271.44	-41.29	4.9
Capital Expenditures, 1 Yr. Growth %	-	-50.08	153.47	47.56	-7.87
Levered Free Cash Flow, 1 Yr. Growth %	-	-	207.31	-754.08	-15.76
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	64.71	-411.89	-17.62
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-16.57	-7.2	7.85
Gross Profit, 2 Yr. CAGR %	-	-	3.62	-7.56	-4.38
EBITDA, 2 Yr. CAGR %	-	-	-10.28	-28.34	-16.52
EBITA, 2 Yr. CAGR %	-	-	-17.33	-38.32	-41.9
EBIT, 2 Yr. CAGR %	-	-	-16.91	-38.21	-43.77
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-12.42	-24.74	-22.95
Net Income, 2 Yr. CAGR %	-	-	-12.42	-24.74	-22.95
Normalized Net Income, 2 Yr. CAGR %	-	-	5.94	-29.86	-51.35
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-19.29	-33.82	-24.31
Accounts Receivable, 2 Yr. CAGR %	-	-	-5.33	52.71	37.47
Inventory, 2 Yr. CAGR %	-	-	-0.37	-10.81	-4.1
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	34.25	44.11	13.72
Total Assets, 2 Yr. CAGR %	-	-	6.49	42.92	33.87
Tangible Book Value, 2 Yr. CAGR %	-	-	38.69	74.12	55.62
Common Equity, 2 Yr. CAGR %	-	-	38.81	73.83	56.01
Cash From Operations, 2 Yr. CAGR %	-	-	100.73	47.67	-21.52
Capital Expenditures, 2 Yr. CAGR %	-	-	12.49	93.4	16.59
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	348.34	134.73
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	126.66	60.29
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.93	-	-	-10.97	-0.4
Gross Profit, 3 Yr. CAGR %	29.81	-	-	2.77	-8.23
EBITDA, 3 Yr. CAGR %	33.46	-	-	-9.88	-26.71
EBITA, 3 Yr. CAGR %	47.1	-	-	-18.03	-45.78
EBIT, 3 Yr. CAGR %	60.25	-	-	-17.79	-46.87
Earnings From Cont. Operations, 3 Yr. CAGR %	138.43	-	-	-19.79	-20.64
Net Income, 3 Yr. CAGR %	138.43	-	-	-19.79	-20.64
Normalized Net Income, 3 Yr. CAGR %	83.02	-	-	-11.78	-42.48
Diluted EPS Before Extra, 3 Yr. CAGR %	141.01	-	-	-27.37	-24.72
Accounts Receivable, 3 Yr. CAGR %	16.55	-	-	14.17	38.46
Inventory, 3 Yr. CAGR %	23.53	-	-	-5.52	-4.86
Net Property, Plant and Equip., 3 Yr. CAGR %	10.16	-	-	30.99	29.15
Total Assets, 3 Yr. CAGR %	17.25	-	-	23.31	30.33
Tangible Book Value, 3 Yr. CAGR %	26.37	-	-	64.3	47.11
Common Equity, 3 Yr. CAGR %	26	-	-	64.33	47.26
Cash From Operations, 3 Yr. CAGR %	32.97	-	-	33.24	31.76
Capital Expenditures, 3 Yr. CAGR %	46.74	-	-	23.14	51.04
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	156.79
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	61.76
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	17.75	17.24	1.64	-	-
Gross Profit, 5 Yr. CAGR %	23.83	32.4	18.62	-	-
EBITDA, 5 Yr. CAGR %	19.82	41.18	13.86	-	-
EBITA, 5 Yr. CAGR %	33.26	64.37	16.82	-	-
EBIT, 5 Yr. CAGR %	56.37	142.97	23.23	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	118.82	-4.15	59.73	-	-
Net Income, 5 Yr. CAGR %	118.82	-4.15	59.73	-	-
Normalized Net Income, 5 Yr. CAGR %	80.79	10.67	47.07	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	120.49	-4.36	55.59	-	-
Accounts Receivable, 5 Yr. CAGR %	-5.85	-8.38	7.25	-	-
Inventory, 5 Yr. CAGR %	15.98	25.46	13.35	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	5.63	7.23	19.23	-	-
Total Assets, 5 Yr. CAGR %	5.4	8.85	12.82	-	-
Tangible Book Value, 5 Yr. CAGR %	-1.98	23.45	31.16	-	-
Common Equity, 5 Yr. CAGR %	-2.11	23.25	30.98	-	-
Cash From Operations, 5 Yr. CAGR %	1.78	3.46	56.79	-	-
Capital Expenditures, 5 Yr. CAGR %	91.31	5.92	31.94	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-	-47.9	51.14	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-34.15	17.14	-	-