Seosan Corporation

Seosan Corporation

KKRX:079650
7,300.00
KRW
+230.00
(+3.25%)
-28.70EPS
29.88BMarket 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
4,498.99
4,981.97
5,649.81
112.67
5,027.05
4,220.78
2,614.92
1,981.27
2,801.46
2,445.89
2,063.63
1,799.25
2,243.61
2,436.43
Basic EPS, GAAP
274.76
356.58
449.63
8.78
195
-39
-60
-323
197
59
78
-24
-49
-10.66
Free Cash Flow per Basic Share
273.55
398.63
1,044.85
4.97
252.34
-86.23
-77.46
39.23
308.15
-90.54
188.59
79.61
-151.73
86.68
Dividend per Share
10
10
15.5
0.68
38.82
39.22
12.97
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
2,296.31
2,642.89
3,082.57
70.02
3,670.82
3,671.45
3,526.07
3,133.14
3,351.55
3,444.61
3,523.85
3,501.44
3,494.7
3,504.47
Tangible Book Value per Share
2,242.34
2,589.44
3,033.98
69.31
3,637.98
3,638.71
3,493.46
3,095.89
3,300.64
3,393.61
3,472.89
3,450.58
3,443.84
3,453.61
Basic Weighted Avg Shares
20
20
20
999
20
20
20
20
20
20
20
20
20
20
Sales/Revenue/Turnover
89,979
99,638
112,996
112,560
100,372
83,413
52,402
39,587
56,085
49,163
41,253
35,684
45,103
48,729
Operating Margin (%)
14.46
15.67
18.82
19.51
7.3
-4.61
-9.64
-22.2
7.9
-0.96
-3.81
-15.63
-11.66
-5.59
Depreciation Expense
2,165
2,535
2,576
3,133
3,753
3,677
3,640
3,517
3,424
3,241
2,266
2,139
2,068
2,077
Net Income, GAAP
5,495
7,131
8,993
8,772
3,893
-771
-1,202
-6,454
3,944
1,186
1,559
-476
-985
-213
Effective Tax Rate (%)
19.51
18.91
19.14
21.22
19.93
- -
- -
- -
16.4
19.57
19.09
- -
- -
- -
Profit Margin (%)
6.11
7.16
7.96
7.79
3.88
-0.92
-2.29
-16.3
7.03
2.41
3.78
-1.33
-2.18
-0.44
Working Capital
28,088
43,761
53,654
64,985
72,775
36,760
36,559
61,204
68,512
72,336
75,981
74,394
75,136
60,913
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Total Equity
64,566
77,866
95,413
111,613
116,938
115,893
111,342
97,305
102,823
104,759
106,319
103,887
101,892
102,534
Return on Invested Capital (%)
17.85
17.92
19.79
16.56
5.14
- -
- -
- -
3.79
-0.39
-1.24
- -
- -
- -
Return on Capital (%)
1.26
1.08
0.16
0.65
1.48
- -
- -
- -
2.8
1.08
1.51
- -
- -
- -
Return on Common Equity (%)
12.68
14.44
15.71
13.32
5.43
-1.05
-1.67
-9.69
6.08
1.74
2.24
-0.68
-1.41
-0.31

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
20
20
Market Capitalization
31,060
28,500
29,880

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
81,483
80,261
66,002
Cash, Cash Equivalents & STI
66,304
65,120
50,895
Accounts Receivable, Net
7,525
7,617
7,693
Inventories
5,925
5,591
6,108
Total Current Liabilities
6,230
5,126
5,089
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.92%
0.97%
-1.92%
Free Cash Flow
-46.89%
-20.17%
-293.19%
Net Income, GAAP
9.17%
-44.63%
106.95%
Sales/Revenue/Turnover
-6.36%
5.23%
26.4%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9,767
9,764
7,290
8,862
35,684
2025
7,865
11,011
13,473
12,754
45,103
2026
11,491
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8
30
25
-87.31
-24
2025
-29
17.35
-33.22
-4.56
-49
2026
9.77
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jong-Hak Yeom
Sector
Non-energy minerals
Industry
Construction materials
Address
Gwangju South Korea
IPO Date
Jan 21, 2005
Business
Seosan Corporation is a South Korea-based manufacturer specializing in the production and distribution of concrete construction materials. Founded in 1974 and headquartered in Gwangju, South Korea, the company primarily serves the building construction, civil engineering, and infrastructure development sectors through two core business segments: Ready-Mixed Concrete (Remicon) and Secondary Concrete Products. The company's comprehensive product and service offerings comprise: ready-mixed concrete (Remicon) formulated for residential, commercial, and civil infrastructure construction; pre-stressed high-strength concrete (PHC) piles utilized for deep foundation reinforcement in heavy building and civil engineering structures; centrifugal reinforced concrete Hume pipes engineered for water drainage, sewage conveyance, and storm water runoff systems; assembly precast concrete box culverts for underground utility trenches and waterway channels; and specialized concrete blocks and construction aggregates. Seosan Corporation operates multiple production facilities that supply general contractors, engineering firms, housing developers, and public infrastructure agencies throughout South Korea, maintaining a particularly concentrated market footprint across the Honam region. In recent operational developments, Seosan Corporation has focused on production line automation and plant modernization to enhance manufacturing efficiency and maintain cost competitiveness amid domestic construction market fluctuations. The company has advanced its product portfolio toward eco-friendly and high-performance building solutions, including the development of high-strength PHC pile variants and low-carbon concrete formulations to meet heightened regulatory standards for structural safety and environmental sustainability. Furthermore, Seosan Corporation has implemented rigorous raw material procurement and inventory management strategies to stabilize input costs, while pursuing targeted public-sector civil works contracts and strengthening commercial supply agreements with leading regional and national builders.