Shinwon Corporation

Shinwon Corporation

KKRX:009270
966.00
KRW
-6.00
(-0.62%)
45.69EPS
19.35P/E
88.87BMarket 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
10,560.22
10,885.03
11,354.37
11,364.69
11,420.21
9,250.04
8,980.71
9,376.4
11,959.52
12,315.88
10,841.07
12,514.52
12,976.21
13,235.17
Basic EPS, GAAP
-129
62
118
-103
-170
-87
19
-103
165
224
77
84
-31
51.15
Free Cash Flow per Basic Share
-140.26
291.29
344.92
235.79
-158.43
3.24
277.43
-47.95
-469.13
173.87
-137.31
-39.34
-494.14
267.51
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
50.21
104.8
70.06
62.49
-0.01
Book Value per Share
3,095.14
3,164.47
3,325.71
3,227.1
3,021.12
2,642.41
2,597.2
2,612.89
2,667.45
2,865.23
2,920.53
3,057.18
2,632.74
2,548.4
Tangible Book Value per Share
2,949.57
3,104.55
3,262.53
3,162.68
2,946.48
2,601.65
2,557.69
2,560.81
2,589
2,782.53
2,822.26
2,921.24
2,469
2,361.85
Basic Weighted Avg Shares
56
56
56
56
56
67
75
74
74
81
77
75
84
86
Sales/Revenue/Turnover
589,674
607,513
639,433
640,056
639,931
621,491
674,868
694,297
879,418
995,440
834,478
939,537
1,092,254
1,143,278
Operating Margin (%)
1.41
2.54
2.92
2.35
0.13
0.24
1.34
0.04
2.48
3.36
2.81
2.71
1.72
2.22
Depreciation Expense
10,041
9,180
9,576
8,231
9,064
8,308
10,195
9,150
8,147
9,412
10,243
13,915
15,948
16,660
Net Income, GAAP
-7,203
3,460
6,645
-5,801
-9,526
-5,845
1,428
-7,627
12,133
18,105
5,927
6,306
-2,609
4,419
Effective Tax Rate (%)
- -
43.29
40.48
- -
- -
- -
- -
- -
35.3
31.06
41.66
2.8
- -
61.62
Profit Margin (%)
-1.22
0.57
1.04
-0.91
-1.49
-0.94
0.21
-1.1
1.38
1.82
0.71
0.67
-0.24
0.39
Working Capital
67,856
44,871
87,832
87,947
95,289
70,696
133,472
137,256
153,595
124,060
117,878
104,727
74,098
42,277
LT Debt
55,060
19,956
52,057
37,834
51,928
1,900
38,016
58,714
67,608
44,620
80,063
104,079
68,358
39,911
Total Equity
173,665
177,450
186,497
180,989
169,146
182,944
201,588
185,618
211,490
225,508
213,787
226,778
228,051
227,041
Return on Invested Capital (%)
- -
2.53
3.27
- -
- -
- -
- -
- -
4.17
6.02
3.31
5.4
- -
1.83
Return on Capital (%)
- -
2.28
3.39
- -
- -
- -
- -
- -
5
6.17
3.18
4.85
- -
2.04
Return on Common Equity (%)
-4.05
1.97
3.66
-3.16
-5.44
-3.31
0.74
-3.92
6.01
8.1
2.63
2.81
-1.14
1.97

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
220,728
231,072
263,756
LT Borrowings
64,007
64,192
36,140
LT Finance Leases
4,351
4,017
3,772
Preferred Equity and Hybrid Capital
45
45
45
Shares Outstanding
87
90
90
Market Capitalization
133,646
116,432
88,873

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
387,531
428,844
419,869
Cash, Cash Equivalents & STI
33,493
28,702
20,779
Accounts Receivable, Net
81,701
101,479
80,778
Inventories
236,191
254,223
272,998
Total Current Liabilities
313,433
353,060
377,592
Payables & Accruals
- -
- -
- -
ST Debt
220,728
231,072
263,756
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.29%
4.4%
0.56%
Free Cash Flow
1,085.9%
358.34%
1,308.18%
Net Income, GAAP
-133.24%
-82.42%
-141.38%
Sales/Revenue/Turnover
6.12%
10.5%
16.25%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
215,410
218,344
267,476
238,307
939,537
2025
259,545
280,172
281,142
271,394
1,092,254
2026
280,828
309,913
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
48
-24
-3
63.35
84
2025
-18
-62
-9.85
55.39
-31
2026
18.9
-10
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
70.06
2025
- -
- -
-0.01
- -
62.49
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jeong-Ju Park
Full Time Employees
825
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
Shinwon Building Seoul SL South Korea
IPO Date
Aug 24, 1988
Business
ShinWon Corporation ShinWon Corporation (009270.KS) manufactures and markets apparel products, including men's wear, women's wear, casual wear, sports apparel, sweaters, knits, suits, leather jackets, and accessories; it operates through export and domestic fashion divisions, providing end-to-end services such as spinning, knitting, dyeing, printing, washing, garment production, and R&D support encompassing design, fabric development, graphics, 3D modeling, market reports, and fitting. The company owns women's brands including Besti Belli, SI, VIKI, and ISABEY, and men's brands such as SIEG, SIEG FAHRENHEIT, Vanhart Di Albazar, and MARKM; it exports to over 40 countries, including the United States and Europe, while selling domestically through stores and online portals. Founded in 1973 and headquartered in Seoul, South Korea, ShinWon Corporation maintains production facilities and subsidiaries across Guatemala, Nicaragua, Vietnam, Bangladesh, Indonesia, India, and the United States, employing more than 25,000 people worldwide and emphasizing ESG initiatives, smart factory technologies like its proprietary SWIMS manufacturing execution system, and sustainability practices such as solar power adoption. Recent developments include the establishment of ShinWon Central America, S.A. in Guatemala in 2023 as a regional hub, the opening of a dedicated activewear factory for U.S. sportswear brands in early 2024, and the acquisition of local producer Modas Blue, S.A. in January 2025 to enhance nearshoring, reduce lead times, and bolster competitiveness amid U.S. tariff changes; additionally, in 2024, the company partnered with Retraced for supply chain transparency and compliance, introduced a cotton usage detection algorithm, and advanced AI-driven trend forecasting and virtual showrooms.