BLACK YAK I&C Co., Ltd.

BLACK YAK I&C Co., Ltd.

KKRX:478560
3,225.00
KRW
+20.00
(+0.62%)
378.50EPS
7.45P/E
72.35BMarket Cap
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1,404.18
1,853.53
1,916.91
2,286.6
3,009.24
Basic EPS, GAAP
199
327
355
-229
376.6
Free Cash Flow per Basic Share
36.96
389.59
42.02
-212.63
-83.44
Dividend per Share
- -
15.8
- -
83.58
- -
Book Value per Share
296.83
488.48
937.94
1,483.67
1,658.02
Tangible Book Value per Share
296.79
488.16
937.67
-73.74
123.19
Basic Weighted Avg Shares
20
19
20
25
26
Sales/Revenue/Turnover
28,124
35,201
37,686
57,258
77,672
Operating Margin (%)
19.31
22.9
22.02
16.21
17.67
Depreciation Expense
370
498
572
2,814
4,024
Net Income, GAAP
3,986
6,210
6,979
-5,734
9,720
Effective Tax Rate (%)
20.94
20.17
18.37
- -
21.97
Profit Margin (%)
14.17
17.64
18.52
-10.01
12.51
Working Capital
4,566
10,351
19,280
17,151
24,647
LT Debt
100
1,356
1,325
24,066
24,717
Total Equity
7,211
11,867
22,785
38,359
43,001
Return on Invested Capital (%)
- -
54.1
33.55
- -
11.65
Return on Capital (%)
- -
57
36.98
- -
13.47
Return on Common Equity (%)
- -
65.11
40.28
-18.78
25.25

Capital Structure

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
14,918
7,473
12,761
LT Borrowings
21,500
24,866
22,333
LT Finance Leases
2,566
2,333
2,384
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26
26
26
Market Capitalization
91,949
77,118
72,347

Working Capital

KRW

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
48,088
48,972
58,074
Cash, Cash Equivalents & STI
16,441
12,243
17,015
Accounts Receivable, Net
13,977
15,451
16,534
Inventories
16,328
19,240
23,250
Total Current Liabilities
30,937
23,844
33,427
Payables & Accruals
- -
- -
- -
ST Debt
14,918
7,473
12,761
Deferred Revenue
- -
- -
- -

Growth Rates

KRW

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
68.35%
Free Cash Flow
- -
- -
-744.55%
Net Income, GAAP
- -
- -
-182.16%
Sales/Revenue/Turnover
- -
- -
51.93%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,188
10,846
6,069
- -
37,686
2025
6,936
14,218
15,889
20,214
57,258
2026
16,692
24,876
- -
- -
- -

Quarterly Earnings Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
38.28
114
13
- -
355
2025
-94.25
-303
61.23
90.43
-229
2026
38.47
186.6
- -
- -
- -

Quarterly Dividends Per Share

KRW

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
83.58
2026
- -
- -
- -
- -
- -

Company Description

CEO
Tae-Hyo Kim
Full Time Employees
20
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
Seoul South Korea
Business
BLACK YAK I&C Co., Ltd. is a South Korea-based company specializing in the development, manufacturing, and distribution of industrial safety footwear, professional workwear, and personal protective equipment (PPE). Founded in 2013 and headquartered in Seoul, South Korea, the company operates as the dedicated safety and protective gear arm of the Black Yak Group, serving business-to-business (B2B) enterprise clients and industrial workers across construction, heavy manufacturing, shipbuilding, logistics, and engineering industries. The company's core product portfolio encompasses industrial safety footwear, including heavy-duty safety boots, lightweight athletic safety shoes, puncture-resistant work boots, electrostatic dissipative (ESD) footwear, and slip-resistant industrial shoes; specialized workwear and technical apparel, including all-weather utility jackets, reinforced work trousers, high-visibility safety vests, flame-resistant coveralls, thermal cold-weather uniforms, and moisture-wicking functional work shirts; and personal safety gear and equipment, including industrial hard hats, impact-resistant safety goggles, cut-resistant and anti-slip protective gloves, dust masks, fall-protection safety harnesses, knee pads, and tool belts. In recent developments, the company achieved a public listing on the KOSDAQ market of the Korea Exchange (KRX: 478560) via a merger with a special purpose acquisition company (SPAC). Following its public debut, BLACK YAK I&C Co., Ltd. has accelerated its growth strategy by expanding its product line into smart safety gear integrating outdoor-grade functional textiles and ergonomic protective technologies, while broadening long-term supply partnerships with major construction firms, industrial conglomerates, and nationwide specialized B2B distribution networks.