Asia Holdings Co., Ltd.

Asia Holdings Co., Ltd.

KKRX:002030
189,100.00
KRW
-6,200.00
(-3.17%)
27,207.28EPS
10.00P/E
281.68BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
347,284.73
837,414.48
553,280.48
575,999.77
629,914.1
855,990.57
811,167.09
806,322.61
998,268.23
1,170,134.17
1,274,099.02
1,212,037.2
1,140,104.28
1,165,815.58
Basic EPS, GAAP
11,699.05
16,909
3,334
18,309
23,008
26,329
25,299
22,188
56,784.99
47,441
56,196.99
37,523.01
18,725
17,165.95
Free Cash Flow per Basic Share
18,335.48
47,823.85
14,694.45
2,833.24
-37,469.8
54,902.19
54,058.75
40,924.43
44,193.86
43,332.73
48,817.39
43,677.85
-30,247.98
-7,139.73
Dividend per Share
1,893.88
5,131.62
3,904.01
2,817.67
6,445.83
3,873.27
5,027.56
4,672.75
5,032.9
8,322.49
11,021.45
12,794.92
11,036.08
1,633.87
Book Value per Share
375,297.68
323,229.78
324,170.97
341,684.87
357,595.45
387,294.15
408,609.67
437,388.09
491,012.98
548,397.5
626,202.29
689,472.32
723,591.27
737,571.59
Tangible Book Value per Share
332,800.62
294,144.52
294,822.11
311,961.34
316,302.16
102,007.51
173,976.84
205,266.66
255,980.1
316,957.56
381,321.42
439,931.24
479,651.84
495,233.69
Basic Weighted Avg Shares
3
1
2
2
2
2
2
2
2
2
2
2
2
2
Sales/Revenue/Turnover
1,075,582
1,046,658
1,051,931
1,095,268
1,197,764
1,627,628
1,542,431
1,527,141
1,846,504
2,072,301
2,115,887
2,007,423
1,884,465
1,917,247
Operating Margin (%)
7.65
8
5.76
7.84
5.36
11.26
10.27
9.62
12.39
11.26
11.36
8.59
5.89
4.93
Depreciation Expense
53,367
51,308
48,179
50,102
56,259
87,817
114,578
119,037
121,107
122,309
128,067
133,305
140,974
144,646
Net Income, GAAP
36,233
21,134
6,339
34,815
43,749
50,063
48,106
42,023
105,036
84,018
93,326
62,147
30,950
28,230
Effective Tax Rate (%)
29.31
23.34
68.94
21.93
29.7
26.15
21.94
25.95
13.21
22.28
20.14
25.84
31.31
31.34
Profit Margin (%)
3.37
2.02
0.6
3.18
3.65
3.08
3.12
2.75
5.69
4.05
4.41
3.1
1.64
1.47
Working Capital
244,178
272,928
283,956
307,405
329,490
293,387
304,547
294,349
317,857
362,623
311,710
-46,532
278,673
266,242
LT Debt
55,582
49,576
48,748
68,862
93,979
723,064
748,773
721,656
660,384
565,485
493,849
165,321
509,354
473,910
Total Equity
1,150,878
1,162,534
1,161,697
1,225,090
1,262,904
1,383,843
1,460,934
1,527,649
1,716,216
1,864,777
1,980,095
2,029,924
2,035,748
2,050,810
Return on Invested Capital (%)
4.4
4.8
1.45
5.06
3.13
7.23
5.39
4.63
7.98
6.85
7.06
4.56
2.68
2.27
Return on Capital (%)
1.64
-1.24
0.43
0.32
1.19
1.47
1.4
1.18
1.39
0.99
1.31
1.37
1.07
1.11
Return on Common Equity (%)
5.71
4.03
1.03
5.5
6.58
7.07
6.36
5.3
12.23
8.89
9.06
5.58
2.65
2.36

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
289,378
316,813
313,688
LT Borrowings
428,367
418,760
400,670
LT Finance Leases
80,987
77,356
73,240
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
535,938
458,789
281,675

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
830,382
822,316
824,423
Cash, Cash Equivalents & STI
302,325
313,236
303,010
Accounts Receivable, Net
305,039
295,155
319,297
Inventories
201,899
196,191
185,044
Total Current Liabilities
551,709
573,135
558,181
Payables & Accruals
- -
- -
- -
ST Debt
289,378
316,813
313,688
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.83%
6%
0.29%
Free Cash Flow
-195.07%
-34.98%
-169.11%
Net Income, GAAP
53.02%
11.48%
-50.2%
Sales/Revenue/Turnover
6.71%
4.8%
-6.13%
Total Cash Common Dividend
17.3%
17.91%
-13.92%

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
482,443
535,721
473,184
516,075
2,007,423
2025
433,122
502,250
459,918
489,175
1,884,465
2026
459,409
508,745
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10,562
15,065
8,154
2,831.95
37,523.01
2025
5,338
11,745
6,023.7
-4,410.65
18,725
2026
5,680.69
9,881
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
975.27
12,794.92
2025
- -
- -
- -
1,633.74
11,036.08
2026
- -
- -
- -
- -
- -

Company Description

CEO
Ki-Ho Oh
Full Time Employees
10
Sector
Non-energy minerals
Industry
Construction materials
Address
430, Nonhyeon-ro Seoul SL South Korea 06223
IPO Date
Jun 3, 1974
Business
Asia Holdings Co., Ltd. (KRX: 002030) manufactures and sells a range of footwear products, including women's shoes under its core brand Jina, athletic and casual footwear, and related accessories; the company also engages in wholesale distribution and retail operations through its network of stores in South Korea. Founded in 1975 and headquartered in Seoul, South Korea, Asia Holdings operates primarily in the domestic market with a focus on mid-tier consumer footwear segments, targeting women and general consumers seeking affordable, stylish options. Its product portfolio encompasses synthetic and leather-based shoes, sandals, boots, and insoles, distributed via department stores, specialty retailers, and e-commerce platforms. In recent developments within the last two years, the company has pursued operational efficiencies amid challenging market conditions in the footwear industry, with no major publicly reported acquisitions, funding rounds, partnerships, or product launches as of late 2025; it continues to emphasize cost management and inventory optimization following subdued sales growth post-pandemic recovery.