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    Software - Application
Douzone Bizon Co., Ltd.

Douzone Bizon Co., Ltd.

012510.KS
Douzone Bizon Co., Ltd.KR flagKorea Exchange
120,000.00
KRW
- -
- -
3.36TMarket Cap
Douzone Bizon Co., Ltd.
012510.KS
(Korea Exchange)

Recent

price

120,000.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4,238.59
4,181.75
4,589.93
4,764.61
4,922.32
5,313.34
5,955.84
6,887.68
7,769.34
8,736.99
9,864.82
10,109.1
8,637.15
37,412.03
14,854.67
15,006.35
16,562.82
Revenue per Share
916
177.91
618
495
389
720
949
1,319
1,441
1,684
1,830
1,704
676
1,461
2,170
3,104
3,666.82
Basic EPS, GAAP
651.96
-1,124.53
166.49
737.26
966.64
1,148.69
1,437.52
415.34
1,327.5
-14,954.26
1,683.03
792.62
1,224.72
6,891.39
3,180.94
3,683.1
4,030.64
Free Cash Flow per Basic Share
- -
- -
- -
200.17
147.39
199.91
219.95
289.9
406.35
434.87
493.24
532.14
466.94
642.65
420.75
627.81
0.01
Dividend per Share
1,534.6
1,451.25
2,110.94
2,418.08
2,527.85
2,857.36
3,548.71
4,513.99
5,330.57
6,324.88
7,403.34
8,514.46
8,029.77
9,256.42
5,437.16
7,559.77
8,021.12
Book Value per Share
2,159.34
1,566.81
2,209.17
2,453.14
2,778.84
3,257.84
4,120.65
5,169.29
5,278.55
11,014.42
11,494.64
14,176.89
10,803.79
35,548.69
15,827.59
17,369.25
18,482.07
Tangible Book Value per Share
28
28
27
27
28
30
30
30
29
30
31
32
35
9
27
30
28
Basic Weighted Avg Shares
117,366
115,665
124,921
129,602
136,381
157,734
176,767
204,443
226,933
262,664
306,456
318,747
304,303
354,631
402,332
446,299
464,255
Sales/Revenue/Turnover
28.58
14.1
19.27
14.16
15.05
18.38
22.27
24.71
24.18
25.58
25.1
22.38
14.96
20.41
21.89
28.62
30.41
Operating Margin (%)
6,004
8,787
11,197
13,387
14,995
15,877
15,340
15,703
16,328
21,846
26,354
28,864
31,405
36,899
37,383
37,444
37,597
Depreciation Expense
25,364
4,921
16,820
13,464
10,778
21,374
28,166
39,151
42,090
50,627
56,850
53,728
23,817
13,849
58,774
92,315
102,781
Net Income, GAAP
24.14
57.4
9.82
- -
9.19
10.57
20.65
17.65
24.18
23.17
20.65
24.23
26.17
19.81
18.17
23.49
23.94
Effective Tax Rate (%)
21.61
4.25
13.46
10.39
7.9
13.55
15.93
19.15
18.55
19.27
18.55
16.86
7.83
3.91
14.61
20.68
22.14
Profit Margin (%)
27,272
1,447
24,550
-3,481
15,493
5,367
58,144
36,184
60,171
6,938
19,413
-160,308
6,176
-292,948
11,599
-213,474
-203,035
Working Capital
- -
43,419
57,621
22,390
29,925
380
25,874
611
334
251,303
254,553
2,578
251,588
7,031
258,326
4,469
5,427
LT Debt
68,564
64,653
82,162
90,729
117,669
132,776
153,294
182,415
182,160
363,005
397,981
501,726
438,500
489,331
554,824
631,787
630,746
Total Equity
34.6
6.36
15.08
- -
11.61
15.69
17.94
21.1
20.21
12.34
9.31
7.41
4.52
7.79
8.7
10.7
11.82
Return on Invested Capital (%)
54.26
7.5
16.71
- -
10.25
18.68
22.35
26.01
24.73
16.28
12.62
11.04
5.68
0.2
8.74
20.5
22.69
Return on Capital (%)
88.04
11.91
34.47
21.85
15.87
27.6
29.63
32.72
29.06
29.28
27.06
21.56
8.64
7.47
50.02
49.62
56.14
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
292,955
292,783
292,848
LT Borrowings
- -
- -
- -
LT Finance Leases
5,611
4,469
5,427
Preferred Equity and Hybrid Capital
548
548
542
Shares Outstanding
28
28
28
Market Capitalization
2,587,813
2,491,753
3,338,369

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
205,803
260,024
284,083
Cash, Cash Equivalents & STI
140,574
179,731
196,066
Accounts Receivable, Net
44,307
44,424
46,108
Inventories
2,741
2,481
1,884
Total Current Liabilities
450,989
473,498
487,117
Payables & Accruals
- -
- -
- -
ST Debt
292,955
292,783
292,848
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
19.55%
10.46%
13.87%
Free Cash Flow
-107.17%
26.17%
27.14%
Net Income, GAAP
38.93%
55.69%
57.07%
Sales/Revenue/Turnover
11.15%
8.08%
10.93%
Total Cash Common Dividend
20.26%
19.1%
63.85%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
94,413
99,423
97,036
111,461
402,332
2025
98,601
105,890
114,668
127,141
446,299
2026
116,557
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
967
349
360
- -
2,170
2025
409
603.28
831.86
- -
3,104
2026
829.58
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
420.75
2025
- -
- -
0.01
- -
627.81
2026
- -
- -
- -
- -
- -
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Business
Douzone Bizon Co., Ltd. is a leading South Korean provider of enterprise software solutions primarily focused on small- and medium-sized enterprises. Founded in 1991 and headquartered in Chuncheon-si, South Korea, the company offers a comprehensive range of ICT solutions including enterprise resource planning (ERP) systems with variants such as lite ERP, standard ERP, extended ERP, financial ERP, and construction-use ERP; accounting programs; cloud services; groupware for collaboration; information security solutions; electronic tax invoice and electronic banking software; mobile solutions; electronic fax services; and education services. Douzone Bizon’s platforms integrate diverse business functions including tax compliance, accounting, and communication, and also feature an integrated B2B e-commerce platform facilitating purchasing and selling activities. The company operates mainly in the South Korean market with a strategic focus on digital transformation and cloud-based subscription models aimed at increasing customer retention and ARPU through upselling within its WEHAGO ecosystem. In recent major developments, Swedish investment firm EQT signed a share purchase agreement in November 2025 to invest approximately USD 930 million to acquire a 37.6% stake in Douzone Bizon, purchasing shares from Chairman Young-woo Kim and affiliates of Shinhan Financial Group, subject to regulatory approval. This investment underscores EQT's long-term commitment to expanding digital transformation in the South Korean market, focusing on business enhancement rather than short-term profits. The transaction marks a significant strategic partnership and is expected to bolster Douzone Bizon's capabilities and market position. Financially, Douzone Bizon has shown strong revenue growth and margin expansion driven by its strategic shift towards cloud services and subscription-based models. The company’s latest initiatives emphasize accelerating migration to cloud-based solutions and expanding service offerings within its integrated platform, underpinning solid growth prospects through 2027 and beyond. Douzone Bizon serves a diverse clientele including SMEs, public institutions, and specialized industries such as banking and construction. It maintains a robust position in the software industry with continuous product innovation and expansion of its digital business platform offerings across South Korea, reflecting a strong operational footprint and strategic emphasis on future-ready enterprise solutions.