1. South Korea Stocks

  2. •

    Technology services

  3. •

    Packaged software
SHIFT UP Corp

SHIFT UP Corp

KKRX:462870
30,250.00
KRW
-900.00
(-2.89%)
3,182.15EPS
10.28P/E
1.91TMarket Cap
Nov 10Next Earn
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1,963.71
4,746.97
4,140.26
5,066.8
5,021.96
Basic EPS, GAAP
-212
3,004
2,734
3,293
3,201.65
Free Cash Flow per Basic Share
-662.86
2,803.24
1,996.32
2,658.18
1,956.65
Dividend per Share
- -
- -
- -
- -
- -
Book Value per Share
584.92
3,083.27
13,103.76
15,881.65
16,935.85
Tangible Book Value per Share
576.82
3,073.35
13,052.86
15,853.17
16,857.53
Basic Weighted Avg Shares
34
36
54
58
58
Sales/Revenue/Turnover
66,073
168,594
224,085
294,546
290,915
Operating Margin (%)
27.64
65.88
68.05
61.59
57.54
Depreciation Expense
2,526
2,644
4,493
5,819
8,854
Net Income, GAAP
-7,133
106,691
147,973
191,430
185,467
Effective Tax Rate (%)
- -
6.7
17.24
17.86
19.64
Profit Margin (%)
-10.8
63.28
66.03
64.99
63.75
Working Capital
28,937
166,002
739,586
686,371
695,609
LT Debt
6,145
7,344
8,308
59,327
57,877
Total Equity
34,120
181,058
764,404
921,191
982,726
Return on Invested Capital (%)
- -
87.79
25.89
16.61
14.34
Return on Capital (%)
- -
92.69
30.84
21.88
20.27
Return on Common Equity (%)
- -
100.25
31.37
22.71
20.91

Capital Structure

KRW

•

in mil. unless spec.
Sep'25
Mar'26
Jun'26
ST Debt
2,713
5,703
8,835
LT Borrowings
- -
- -
- -
LT Finance Leases
6,526
57,625
57,877
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
58
58
58
Market Capitalization
2,381,043
1,859,746
1,909,068

Working Capital

KRW

•

in mil. unless spec.
Sep'25
Mar'26
Jun'26
Total Current Assets
858,033
789,721
753,980
Cash, Cash Equivalents & STI
681,603
673,087
608,855
Accounts Receivable, Net
144,534
91,059
98,025
Inventories
- -
- -
- -
Total Current Liabilities
100,498
70,217
58,371
Payables & Accruals
- -
- -
- -
ST Debt
2,713
5,703
8,835
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
20.51%
Free Cash Flow
- -
- -
43.02%
Net Income, GAAP
- -
- -
29.37%
Sales/Revenue/Turnover
- -
- -
31.44%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
37,376
65,202
58,018
63,489
224,085
2025
42,235
112,383
75,499
- -
294,546
2026
47,309
55,724
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
425.67
793
406
1,020.48
2,734
2025
460
880
944.67
- -
3,293
2026
651.46
725
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Hyung-Tae Kim
Full Time Employees
332
Sector
Technology services
Industry
Packaged software
Address
12, 13, 14, 15F, Apro Square Seoul SL South Korea 06611
IPO Date
Jul 11, 2024
Website
shiftup.co.kr
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Business
Shift Up Corporation operates as a game development studio specializing in the planning, designing, development, and production of video games, promotional videos, and music. The company’s core products include visually striking and commercially successful games such as Stellar Blade, Goddess of Victory: Nikke, and Destiny Child. Recently, Shift Up released the Windows version of Stellar Blade, which sold over one million copies in its first three days, contributing to over three million total units sold. The studio is actively expanding its workforce from 322 to approximately 400-420 employees by the end of 2025 to support new projects. Shift Up's latest major projects include Project Spirits, a new flagship urban sci-fi action RPG targeting a 2027 release, and the development of a sequel to Stellar Blade planned for 2026. The company also plans an official launch of Goddess of Victory: Nikke in China in 2025 following successful pre-registrations. Founded in 2013 and headquartered in Seoul, South Korea, Shift Up continues to strengthen its position in the global gaming industry through high-quality game development and strategic expansions. The company reported a 30% year-over-year revenue growth in 2024, driven primarily by its key game titles, achieving an annual revenue of approximately $151 million USD. Shift Up operates primarily in South Korea but targets global markets with its digital gaming offerings.