NEORIGIN Co., Ltd.

NEORIGIN Co., Ltd.

KKRX:094860
1,676.00
KRW
-129.00
(-7.15%)
-86.21EPS
33.63BMarket 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
6,096.53
3,967.82
1,034.96
823.7
677.66
658.44
804.8
548.66
1,470.84
1,196.87
4,425.95
1,593.65
1,374.42
1,089.91
Basic EPS, GAAP
-1,818.09
-2,089.58
-281.62
52.15
12.16
-274.67
-194.7
-104.31
-145
-70
-1,505
-240
-490
-274.02
Free Cash Flow per Basic Share
147.84
-219.8
-255.45
19.94
-105.99
-99.85
63.43
-90.95
-318.22
-549.77
-1,910.05
-393.1
-239.13
-296.67
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3,000.82
1,038.48
855.79
921.28
1,061.87
860.66
743.09
658.73
2,113.58
1,917.67
1,658.95
1,417.25
942.59
1,284.44
Tangible Book Value per Share
1,749.82
507.41
394.39
448.26
603.95
537.15
603.3
563.73
1,985.75
1,383.75
1,037.18
667.45
408.28
792.49
Basic Weighted Avg Shares
7
9
12
13
14
14
14
17
14
22
4
22
23
25
Sales/Revenue/Turnover
41,570
34,583
12,413
10,655
9,263
9,064
11,270
9,473
20,645
26,086
18,516
34,966
31,047
27,752
Operating Margin (%)
-4.33
-16.89
-22.62
7.61
1.82
-8.51
2.29
-17.95
-11.89
-4.44
-13.93
-17.11
-14.86
-18.82
Depreciation Expense
1,537
1,599
1,440
1,007
906
1,025
1,318
1,581
1,382
1,769
1,465
2,670
2,666
3,143
Net Income, GAAP
-12,397
-18,212
-3,378
675
166
-3,781
-2,727
-1,801
-2,035
-1,526
-6,296
-5,266
-11,069
-6,977
Effective Tax Rate (%)
- -
- -
- -
- -
12.59
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-29.82
-52.66
-27.21
6.33
1.79
-41.72
-24.19
-19.01
-9.86
-5.85
-34
-15.06
-35.65
-25.14
Working Capital
3,400
1,837
3,021
3,803
5,650
4,193
6,484
4,339
28,899
18,273
12,675
6,929
2,467
5,506
LT Debt
197
- -
- -
- -
- -
- -
741
789
704
396
68
- -
- -
- -
Total Equity
22,429
11,993
10,970
11,810
14,546
11,790
10,818
9,590
42,179
40,053
34,639
30,364
23,694
32,292
Return on Invested Capital (%)
- -
- -
- -
- -
1.06
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
1.62
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
-50.5
-105.82
-29.42
5.92
1.26
-28.72
-24.12
-17.65
-7.86
-3.71
-16.86
-16.22
-41.8
-22.46

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
7,248
7,465
7,465
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
24
25
Market Capitalization
23,746
24,034
33,627

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
20,140
18,580
17,548
Cash, Cash Equivalents & STI
2,525
2,074
1,844
Accounts Receivable, Net
3,430
3,140
3,588
Inventories
- -
- -
- -
Total Current Liabilities
12,362
16,113
12,042
Payables & Accruals
- -
- -
- -
ST Debt
7,248
7,465
7,465
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
27.92%
57.39%
-21.97%
Free Cash Flow
-92.67%
57.99%
-37.37%
Net Income, GAAP
-223.77%
78.9%
110.2%
Sales/Revenue/Turnover
17.19%
38.58%
-11.21%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,862
12,089
8,369
6,796
34,966
2025
9,977
7,009
6,172
7,890
31,047
2026
6,681
- -
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-29
-83
-66
-69.42
-240
2025
-17
-144.42
-57
-243.02
-490
2026
149
- -
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

CEO
Bo Chen
Full Time Employees
15
Sector
Technology services
Industry
Information technology services
Address
Seoul South Korea
IPO Date
Apr 16, 2007
Business
NEORIGIN Co., Ltd. is a South Korea-based company primarily engaged in mobile game publishing, digital content platform operations, and information security solutions. The company operates through three principal business divisions: Mobile Gaming, Digital Content and IP Commerce, and Information Security. Its Mobile Gaming division develops, localizes, publishes, and operates mobile and online games, including massively multiplayer online role-playing games (MMORPGs), strategy role-playing games, casual titles, and idle mobile games across domestic and international mobile application marketplaces. Its Digital Content and IP Commerce division engages in the production, curation, and distribution of short-form web dramas and interactive digital video content; intellectual property (IP) licensing; cross-border merchandising; and digital media marketing services. Its Information Security division provides comprehensive cyber threat prevention and network security hardware appliances, software, and services, featuring wireless intrusion prevention systems (WIPS) under the AIRTMS brand; threat management systems (TMS) including Spider TM; network traffic monitoring and anomaly detection platforms; integrated security management consoles; and specialized technical support, cybersecurity consulting, and maintenance services for government agencies, financial institutions, and corporate enterprises. In recent developments, the company changed its corporate name from Kornic Glory Co., Ltd. to NEORIGIN Co., Ltd. to reflect its comprehensive strategic transformation from a dedicated cybersecurity vendor into a diversified digital entertainment and intellectual property enterprise. The company has aggressively expanded its portfolio into global mobile game publishing through strategic co-publishing alliances and publishing rights acquisitions with international game studios. Furthermore, NEORIGIN has diversified into the burgeoning short-form digital drama market, establishing partnerships with media production houses and digital content creators to distribute serialized micro-dramas across global streaming platforms. To support its ongoing digital entertainment expansion, content acquisition pipeline, and game live-service operations, the company has undertaken corporate reorganizations and strategic financing initiatives. Founded in 2007, NEORIGIN Co., Ltd. is headquartered in Seoul, South Korea, and distributes its products and services across South Korea, Greater China, and international markets.