AI 銘柄分析 · 10年

Samsung Electro-Mechanics Co., Ltd. / 三星電機

009150 · KRW · 分析基準日 2026-11-06

サムスン電機：電子部品と先端基板の10年評価

10年期待年率4.66%

資本コスト11.50%

直近終値870,000.00 KRW2026-11-06

AIによるシナリオ分析です。基準日以降の出来事、株価や為替の変化は個別に確認が必要です。各数値は元の分析の単位と前提に従います。

分析の要約

MLCC、半導体パッケージ基板、カメラ事業を5シナリオで評価。Q3はレビュー前の速報、基準日の株数と親会社資本・合弁事業への外部出資は代理値または仮定です。韓国でETFが負担する配当源泉税は未反映です。

要約の補足

overview_ja

2026Q3のMLCCとFCBGAのAI需要で売上と利益率は上昇。大型増産決議とSamsung Electronics向け集中、スマホ循環、価格競争・顧客資金条件が重要。2036終価は2037持続FCFFとRONIC・再投資・WACCにより評価。

key_risks_ja

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1: 6.78兆KRWのFCBGA計画は成長の条件であると同時にFCF悪化リスク
2: AI向け高容量MLCC・FCBGAのASPと数量は会社非開示でマージンは推計
3: Samsung Electronicsグループへの2026上半期売上が約26%（DART要直接再確認）
4: 2026Q3暫定連結純資産で親会社分未開示、NCIは半期DART代理値を延長
5: 今後の配当・自己株取得・SBC・FX・日付は全て予測

ten_year_range

calendar 2026-11-06 through 2036-11-06; dated flows /365.25 actual days, exactly 55 forecast periods

tax_policy

gross Korean local cash distributions before investor tax; Korean ETF effective withholding, Japan or US investor tax not modeled

future_corporate_actions

none treated as resolved beyond 2026-11-06; all modeled future dividend, buyback and grants hypothetical

結論の補足

company: Samsung Electro-Mechanics
valuation_date: 2026-11-06
price_krw: 870000
market_value_of_opening_ordinary_common_cohort_oku: 632435.1552
neutral_irr: 0.012419123749
probability_weighted_scenario_IRR: -0.028544305831
IRR_from_probability_weighted_cashflow_and_terminal: 0.046588026438
mean_discounted_old_common_fair_value_krw: 526901.621
recommendation_ja: AI関連需要は追い風だが大型CAPEXとMLCC・基板の周期を織り込む。市場PER回帰を避け、5ケースの事業FCFFで10年後価値を評価。
状態: scenario_assumptions_not_guaranteed_return

事業

model: manufactures passive component MLCC, high-density FCBGA semiconductor packages, optical camera modules
moat_ja: MLCC小型大容量・耐熱とADAS品質、FCBGA微細配線・大面積歩留りに技術優位。新工場は顧客長期契約で支えるが数量保証・支援入金額は未検証。
customers: Samsung Electronics and consolidated subsidiaries approximately 26% of H1 reported sales (secondary transcription); others unnamed global Big Tech and automotive customers; concentration risks.
price_volume_mix: segment sales known but unit ASP, units, and operating profit by segment not disclosed: forecast growth and margins are analyst judgment, not official disclosures.
sbc_rule: P&L operating profit and parent profit already net of SBC; CFO addback and shares dilution explicitly recorded; 2026 Q4 accrual vests 2027 rather than disappearing, with 2037 perpetual awards share-neutralized through cash market repurchase

競争力・事業の質

financial_2026q3_status

preliminary company issued 2026-10-28 pre-external review

reported_last_2026_q3

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currency: KRW
単位: oku KRW
sales: 37633
operating_profit: 6910
pbt: 6097
tax_expense: 1247
consolidated_net_profit: 4850
parent_profit: 4687
nci_profit_derived: 163
assets: 170612
debt: 34263
cash: 41137
equity_total: 104988
quarter_capex_intangible_tangible: 8627

reported_2026_h1_derived_secondary

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親会社持分（億）: 102305.79
非支配持分資本（億）: 2985.63
consolidated_total_oku: 105291.42
出典: secondary reproducing 2026-08-14 DART report; direct DART unavailable

2026q3_nci_and_parent_equity_proxy

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非支配持分（億）: 3148.63
parent_oku: 101839.37
q3_oci_and_other_to_reconcile_oku: -5153.42
方法: Q2 NCI+Q3 reported consolidated less parent profit; all Q3 OCI and other equity movement forced to parent as residual; inherently uncertain

q3_earnings_after_sbc

reported K-IFRS parent result; no additional SBC deduction

nine_months_exact_through_q3_2026

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sales_oku: 104295.96
営業利益（億）: 14118.99
pbt_oku: 13593.93
income_tax_oku_derived: 2933.7
consolidated_profit_oku: 10660.23
parent_profit_oku: 10335.3
状態: KRX fair-disclosure cumulative numbers from 2026-10-28 primary filing, reproduced by filings archive; Q1-Q3 component sums are rounded IR deck numbers

2026Q3_parent_return_on_equity_LTM_proxy

未確認

業界と環境

cycles

smartphone handset seasonality and inventory cycles; AI capex availability, FC-BGA yield and MLCC capacity; autos and EV ADAS slower smoothing demand

technologies

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1: AI server MLCC
2: advanced FCBGA substrates
3: automotive MLCC
4: camera modules
5: Glasssem glass cores

competitors

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1: Murata
2: Taiyo Yuden
3: Yageo
4: Ibiden
5: Unimicron
6: Nan Ya PCB
7: LG Innotek

risks

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1: price pressure on mature MLCC and handset cameras
2: geopolitical customer and supply-chain concentration
3: capex and inventory overbuild
4: overestimation of Big Tech funding and 2032 contracted volume

non_disclosed

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1: division EBIT/margin
2: MLCC AI revenue and product ASP/volume
3: FCBGA long term contract prices/units
4: specific Big Tech revenue concentration
5: SBC award level in 2026 after accounting cutoffs

財務・資本配分

historical_shares_as_of_proxy

2025-12-31 issuer formal annual report, assumed unchanged to 2026-11-06 pending definitive H1 share check

ordinary_outstanding_basis

72693696

preferred_outstanding

2853554

preferred_rights

nonvoting preferred, 2025 annual cash DPS KRW50 above ordinary; modeled equally residual participation and preference annuity, no terminal listed preferred market price regression

dividend_history

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fiscal_year: 2025
common_krw: 2350
preferred_krw: 2400
ex_date: 2025-12-29
pay_date: 2026-04-17
状態: paid_before_cutoff_excluded

future_dividend_policy

company states ~20% or more payout subject to capex and cashflow; scenario ratio forecast, never newly resolved on as_of

authorized_future_repurchases_as_of_date

未確認

share_treasury_policy

old cohort only ordinary outstanding; hypothetical buybacks are held in treasury, no future cancellations; no company cash represented by SBC dilution; no secondary trust purchases modeled

commitment_FCBGA_capex_oku

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sejong

42700

vietnam

25100

total

67800

allocation_forecast

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2027

sejong: 3500
vietnam: 1000

2028

sejong: 24000
vietnam: 7000

2029

sejong: 15200
vietnam: 10000

2030

sejong: 0
vietnam: 6000

2031

sejong: 0
vietnam: 1100

customer_cash_support_disclosed_without_amount

zero contract advances included in core case, avoid free-money double count

jv_2026_11_05

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total_subscription_oku: 3191
issuer_parent_cash_oku: 2391
issuer_parent_in_kind_oku: 800
ownership_pct: 0.662
partner_subscription_oku_inferred: 1630
consolidation_assumption: partner 1630 oku recognized as external NCI equity and consolidated cash before cutoff; parent 2391 internal cash transfer and 800 in-kind have zero group cash effect; if non-cash or consolidation delayed this bridge changes
put_call_options: deadlock call/put after 5 years; fair values unquantified not booked in projection

equity_accounting

parent book equity=P0+parent NI after SBC+SBC reserve credit-common/pref declared dividend-common buyback+OCI; NCI independently retained

評価の前提と確認

current_common_price_krw

870000

year_2025_parent_profit_oku

7061

TTM_parent_profit_2025Q4_to_2026Q3_oku

12564

TTM_ordinary_plus_preferred_EPS_KRW

16630.652

spot_TTM_PE_indicator_only_not_terminal_used

52.313

terminal_formula

EV=2037 normalized FCFF_after_cash_stock_neutralization/(WACC-g); operating_NOCF after reported SBC plus SBC addback minus market share neutralization and growth reinvestment; parent equity=(EV -gross_debt + cash_above_min_required)*(1-NCI_value_share); allocate between ordinary and nonvoting preferred; old cohort proportion of ordinary equity

not_used

1: current market P/E terminal target
2: analyst price target
3: future stock quote to determine terminal market cap

scenario_fair_value_krw_per_initial_share

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very_bearish: 8223.095
bearish: 85680.465
neutral: 353806.898
bullish: 867906.683
very_bullish: 1938391.23

disputed_desktop_894000_quote_sensitivity_only

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alternative_price_krw

894000

price_not_used_in_basis

はい

alternative_initial_ordinary_common_market_value_oku

649881.64224

case_IRR_at_alternative_buy_price_no_operating_changes

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very_bearish: -0.492131540799
bearish: -0.12274907982
neutral: 0.009520902178
bullish: 0.097514810246
very_bullish: 0.190887637349

weighted_mean_of_alternative_price_case_IRRs

-0.031362883389

説明

A minority of the official company desktop historical table snapshots rendered 894000 versus 870000 in company mobile/Japanese and multiple other market data feeds; alternate price is a sensitivity only, not an alternative fact.

資本コストの前提

資本コスト

11.50%

k_meaning

neutral equity discount rate for old shareholder dated-CF present value, separately from enterprise WACC

neutral_wacc

0.091

scenario_wacc_varies

はい

coc_k_scenario_specific

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very_bearish: 0.15
bearish: 0.132
neutral: 0.115
bullish: 0.101
very_bullish: 0.096

normalization

nominal KRW KR bond-equity funding capital cost; modeling judgment not company disclosed

事業別データ

事業別の内訳と、収録されている年度別データを確認できます。

事業別データを開く →

10年のシナリオ

シナリオごとの確率、期間内の株主還元・追加負担、終価です。金額は億KRW。株主の範囲や受取時点は各分析の前提を確認してください。

シナリオ	確率	株主還元・追加負担	終価
最悪	10.0%	9,086.71	0.00
弱気	20.0%	28,329.19	159,478.08
中立	40.0%	81,176.98	629,983.73
強気	20.0%	166,414.00	1,404,444.52
最良	10.0%	329,276.79	3,057,026.36

最悪（確率 10.0%）

事業別の売上と利益率、設備投資、普通株と優先株の配分、株式報酬を仮定して、旧普通株主の配当・買戻しと残存価値を試算。

日付別キャッシュフロー

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想定日: 2026-12-29
year: 0.1451060917
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2026
common_dps_krw: 3350
preferred_dps_krw: 3400
record_date: 2026-12-31
scheduled_payment_date_assumed: 2027-04-19
preferred_cash_not_attributable_to_old_common_oku: 97.020836
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2027-04-19
year: 0.4490075291
金額: 2435.238816
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2026
dps_krw: 3350
record_date: 2026-12-31
declaration_date_assumed: 2027-03-15
record_common_shares: 72693696
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding
ex_date_model_context: 2026-12-29

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想定日: 2027-06-30
year: 0.6461327858
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 55371
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 777441.68

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想定日: 2027-12-29
year: 1.144421629
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2027
common_dps_krw: 1800
preferred_dps_krw: 1850
record_date: 2027-12-31
scheduled_payment_date_assumed: 2028-04-17
preferred_cash_not_attributable_to_old_common_oku: 52.790749
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2028-04-17
year: 1.4455852156
金額: 1308.486528
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2027
dps_krw: 1800
record_date: 2027-12-31
declaration_date_assumed: 2028-03-15
record_common_shares: 72749067
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding
ex_date_model_context: 2027-12-29

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想定日: 2028-06-30
year: 1.6481861739
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 44910
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 723020.77

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想定日: 2028-12-29
year: 2.1464750171
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2028
common_dps_krw: 1400
preferred_dps_krw: 1450
record_date: 2028-12-31
scheduled_payment_date_assumed: 2029-04-17
preferred_cash_not_attributable_to_old_common_oku: 41.376533
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2029-04-17
year: 2.4449007529
金額: 1017.711744
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2028
dps_krw: 1400
record_date: 2028-12-31
declaration_date_assumed: 2029-03-15
record_common_shares: 72793977
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding
ex_date_model_context: 2028-12-29

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想定日: 2029-06-30
year: 2.6475017112
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 48156
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 672409.31

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想定日: 2029-12-28
year: 3.1430527036
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2029
common_dps_krw: 1050
preferred_dps_krw: 1100
record_date: 2029-12-31
scheduled_payment_date_assumed: 2030-04-17
preferred_cash_not_attributable_to_old_common_oku: 31.389094
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2030-04-17
year: 3.4442162902
金額: 763.283808
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2029
dps_krw: 1050
record_date: 2029-12-31
declaration_date_assumed: 2030-03-15
record_common_shares: 72842133
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding
ex_date_model_context: 2029-12-28

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想定日: 2030-06-30
year: 3.6468172485
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 52029
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 625340.66

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想定日: 2030-12-27
year: 4.1396303901
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2030
common_dps_krw: 950
preferred_dps_krw: 1000
record_date: 2030-12-31
scheduled_payment_date_assumed: 2031-04-17
preferred_cash_not_attributable_to_old_common_oku: 28.53554
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2031-04-17
year: 4.4435318275
金額: 690.590112
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2030
dps_krw: 950
record_date: 2030-12-31
declaration_date_assumed: 2031-03-17
record_common_shares: 72894162
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding
ex_date_model_context: 2030-12-27

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想定日: 2031-06-30
year: 4.6461327858
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 56419
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 581566.81

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想定日: 2031-12-29
year: 5.144421629
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2031
common_dps_krw: 900
preferred_dps_krw: 950
record_date: 2031-12-31
scheduled_payment_date_assumed: 2032-04-19
preferred_cash_not_attributable_to_old_common_oku: 27.108763
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2032-04-19
year: 5.4510609172
金額: 654.243264
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2031
dps_krw: 900
record_date: 2031-12-31
declaration_date_assumed: 2032-03-15
record_common_shares: 72950581
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding
ex_date_model_context: 2031-12-29

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想定日: 2032-06-30
year: 5.6481861739
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 61181
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 540857.14

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想定日: 2032-12-29
year: 6.1464750171
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2032
common_dps_krw: 850
preferred_dps_krw: 900
record_date: 2032-12-31
scheduled_payment_date_assumed: 2033-04-18
preferred_cash_not_attributable_to_old_common_oku: 25.681986
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2033-04-18
year: 6.4476386037
金額: 617.896416
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2032
dps_krw: 850
record_date: 2032-12-31
declaration_date_assumed: 2033-03-15
record_common_shares: 73011762
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding
ex_date_model_context: 2032-12-29

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想定日: 2033-06-30
year: 6.6475017112
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 66347
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 502997.14

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想定日: 2033-12-29
year: 7.1457905544
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2033
common_dps_krw: 800
preferred_dps_krw: 850
record_date: 2033-12-31
scheduled_payment_date_assumed: 2034-04-17
preferred_cash_not_attributable_to_old_common_oku: 24.255209
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2034-04-17
year: 7.4442162902
金額: 581.549568
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2033
dps_krw: 800
record_date: 2033-12-31
declaration_date_assumed: 2034-03-15
record_common_shares: 73078109
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding
ex_date_model_context: 2033-12-29

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想定日: 2034-06-30
year: 7.6468172485
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 72124
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 467787.34

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想定日: 2034-12-29
year: 8.1451060917
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2034
common_dps_krw: 750
preferred_dps_krw: 800
record_date: 2034-12-31
scheduled_payment_date_assumed: 2035-04-17
preferred_cash_not_attributable_to_old_common_oku: 22.828432
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2035-04-17
year: 8.4435318275
金額: 545.20272
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2034
dps_krw: 750
record_date: 2034-12-31
declaration_date_assumed: 2035-03-15
record_common_shares: 73150233
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding
ex_date_model_context: 2034-12-29

内容を開く

想定日: 2035-06-30
year: 8.6461327858
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 78408
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 435042.22

内容を開く

想定日: 2035-12-28
year: 9.1416837782
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2035
common_dps_krw: 650
preferred_dps_krw: 700
record_date: 2035-12-31
scheduled_payment_date_assumed: 2036-04-17
preferred_cash_not_attributable_to_old_common_oku: 19.974878
ex_date_status: forecast_not_KRX_confirmed

内容を開く

想定日: 2036-04-17
year: 9.4455852156
金額: 472.509024
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2035
dps_krw: 650
record_date: 2035-12-31
declaration_date_assumed: 2036-03-17
record_common_shares: 73228641
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding
ex_date_model_context: 2035-12-28

内容を開く

想定日: 2036-06-30
year: 9.6481861739
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 72433
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 404589.27

その他の数値・前提

scenario

very_bearish

label_ja

最悪

parameters

内容を開く

q4_revenue

1: 18000
2: 9000
3: 9500

q4_margins

1: 0.19
2: 0.11
3: 0.02

q4_overhead_rate

0.016

growth_c

内容を開く

1: -0.05
2: -0.03
3: 0
4: 0.01
5: 0.01
6: 0.01
7: 0.01
8: 0.015
9: 0.015
10: 0.015

growth_p

内容を開く

1: 0.02
2: -0.07
3: 0
4: 0
5: 0.015
6: 0.015
7: 0.015
8: 0.015
9: 0.015
10: 0.015

growth_o

内容を開く

1: -0.06
2: -0.04
3: -0.01
4: 0
5: 0
6: 0
7: 0
8: 0
9: 0
10: 0

margins_2027

1: 0.17
2: 0.09
3: 0.012

margins_2036

1: 0.135
2: 0.045
3: 0.015

overhead

0.018

税率

26.50%

nci_income_share

0.04

nci_fair_share

0.055

other_nonop

0.009

cash_interest

0.013

debt_interest

0.065

depreciation_rate

0.07

sbc_rate

0.0025

working_capital_rate

0.115

capex_maint_rate

0.08

extra_capex

内容を開く

2028: 4200
2029: 2700
2030: 900
2027: 1200

dividend_ratio

0.2

buyback_ratio

annual_share_price_drift

-0.07

wacc

0.123

cost_equity

0.15

g_terminal

0.01

ron_ic_terminal

0.11

initial_cutoff_bridge

内容を開く

as_of_q3_reported

内容を開く

日付: 2026-09-30
現金（億）: 41137
debt_oku: 34263
equity_total_oku: 104988
ppe_intangible_oku: 70435
nci_equity_proxy_oku: 3148.63
parent_equity_proxy_oku: 101839.37

model_assumed_q3_nci_rollforward

Q2 NCI 2985.63oku +Q3 company-reported consolidated 4850oku less parent 4687oku=3148.63oku; disregards Q3 NCI OCI/dividend

jv_2026_11_05_partner_cash_capital_injection_oku_assumed

1630

jv_intra_group_parent_cash_subscription_oku_excluded_from_consolidated_cash_outflow

2391

jv_intra_group_in_kind_subscription_oku_excluded_from_consolidated_cashflow

800

2026_09_30_to_11_06_modelled_period

内容を開く

period

2026-09-30_to_2026-11-06_proxy

状態

historical_to_cutoff_synthetic_bridge

開始日

2026-09-30

終了日

2026-11-06

start_days_from_2026-11-06

-37

end_days_from_2026-11-06

period_fraction_365_25

0.101300479

opening

内容を開く

親会社持分（億）: 101839.37
非支配持分資本（億）: 3148.63
consolidated_equity_oku: 104988
現金（億）: 41137
interest_bearing_debt_oku: 34263
net_debt_oku: -6874
ppe_plus_intangibles_oku: 70435
common_issued_shares: 74693696
common_treasury_shares: 2000000
common_outstanding_shares: 72693696
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 1

segments

component

sales_oku: 7239.130435
operating_margin_after_sbc_proxy: 0.19
営業利益（株式報酬控除後）: 1375.434783

package

sales_oku: 3619.565217
operating_margin_after_sbc_proxy: 0.11
営業利益（株式報酬控除後）: 398.152174

optics

sales_oku: 3820.652174
operating_margin_after_sbc_proxy: 0.02
営業利益（株式報酬控除後）: 76.413043

income

内容を開く

total_sales_oku: 14679.347826
unallocated_corporate_cost_oku: 234.869565
営業利益（株式報酬控除後）: 1615.130435
sbc_expense_included_in_operating_profit_oku: 36.69837
interest_income_oku: 54.173572
interest_expense_oku: 225.605791
other_nonoperating_oku: -132.11413
profit_before_tax_oku: 1311.584085
income_tax_expense_oku: 347.569783
consolidated_net_profit_oku: 964.014303
nci_profit_oku: 38.560572
parent_net_profit_after_sbc_oku: 925.453731
depreciation_and_amortization_oku: 1027.554348

cashflow

内容を開く

operating_cashflow_proxy_oku: 2090.237194
capital_expenditure_cash_oku: 3466.73913
committed_FCBGA_project_capex_within_total_oku: 1809.782609
maintenance_capex_proxy_oku: 1174.347826
additional_growth_capex_oku: 482.608696
working_capital_investment_oku: -61.970174
free_cashflow_before_financing_oku: -1376.501936
dividend_cash_paid_common_oku: 0
dividend_cash_paid_preferred_oku: 0
nci_cash_dividend_oku: 0
external_nci_capital_cash_received_oku: 1630
issuer_common_share_buyback_cash_oku: 0
net_debt_issuance_repayment_oku: -6799.724129
cash_identity_close_oku: 34590.773935

shares_and_holder

内容を開く

new_common_shares_from_sbc: 0
sbc_issuance_date_assumed: 未確認
sbc_grant_fair_value_price_proxy_krw: 未確認
prior_year_SBC_credit_now_issued_in_shares_oku: 0
new_common_cash_issue_proceeds_oku: 0
company_common_shares_bought_into_treasury: 0
assumed_buyback_price_krw: 未確認
old_common_shares_tendered: 0
proportional_tender_ratio: 0
old_holder_cash_dividends_received_oku: 0
old_holder_buyback_cash_received_oku: 0
old_holder_total_cash_received_oku: 0
cash_only_holder_no_sbc_cash_outflow: はい

equity_rollforward

内容を開く

parent_open_oku: 101839.37
parent_profit_oku: 925.453731
equity_settled_sbc_reserve_credit_oku: 36.69837
dividend_declared_and_paid_common_oku: 0
dividend_declared_and_paid_preferred_oku: 0
treasury_common_buyback_oku: 0
nci_open_oku: 3148.63
nci_profit_oku: 38.560572
nci_dividend_oku: 0
external_nci_cash_capital_oku: 1630
oci_and_unexplained_changes_assumed_oku: 0
parent_equity_close_calculated_oku: 102801.5221

issued_common_treasury_and_preferred_end

内容を開く

親会社持分（億）: 102801.5221
非支配持分資本（億）: 4817.190572
consolidated_equity_oku: 107618.712672
現金（億）: 34590.773935
interest_bearing_debt_oku: 27463.275871
net_debt_oku: -7127.498064
ppe_plus_intangibles_oku: 72874.184783
common_issued_shares: 74693696
common_treasury_shares: 2000000
common_outstanding_shares: 72693696
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 1

dividend_paid_from_fiscal_year

未確認

dividend_right_created_fiscal_year

未確認

source_class

author_model_assumption_not_company_guidance

2026_11_06_opening_state

内容を開く

親会社持分（億）: 102801.5221
非支配持分資本（億）: 4817.190572
consolidated_equity_oku: 107618.712672
現金（億）: 34590.773935
interest_bearing_debt_oku: 27463.275871
net_debt_oku: -7127.498064
ppe_plus_intangibles_oku: 72874.184783
common_issued_shares: 74693696
common_treasury_shares: 2000000
common_outstanding_shares: 72693696
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 1

annual_fy2026_to_2035

内容を開く

2027

内容を開く

year

2026

状態

nine_month_reported_plus_q4_scenario_proxy

actual_preliminary_9m

内容を開く

component_sales_oku: 49409
package_sales_oku: 24356
optics_sales_oku: 30531
sales_oku: 104296
営業利益（億）: 14120
parent_profit_oku: 10336
pre_tax_oku: 13594
tax_oku: 2936
total_net_profit_oku: 10660
nci_net_profit_oku: 324

full_year_segment_sales_oku

component: 67409
package: 33356
optics: 40031

q4_full_year_scenario_sales_oku

component: 18000
package: 9000
optics: 9500

full_year_sales_oku

140796

q4_operating_profit_oku

4016

full_year_pretax_oku

16908.975904

full_year_income_tax_expense_oku

3814.468615

full_year_consolidated_net_profit_oku

13096.50729

full_year_nci_profit_oku

421.460291

full_year_operating_profit_oku

18136

full_year_parent_net_profit_after_sbc_oku

12675.046999

forecast_2026_annual_common_dps_paid_in_2027_krw

3350

dividend_status

forecast_not_declared_as_of_cutoff

2028

内容を開く

year

2027

状態

forecast

annual_revenue_oku

135690.81

annual_segment_sales_oku

component: 64038.55
package: 34023.12
optics: 37629.14

annual_ebit_after_sbc_oku

11957.7494

annual_parent_profit_after_sbc_oku

6719.682907

2029

内容を開く

year

2028

状態

forecast

annual_revenue_oku

129882.8695

annual_segment_sales_oku

component: 62117.3935
package: 31641.5016
optics: 36123.9744

annual_ebit_after_sbc_oku

11115.554256

annual_parent_profit_after_sbc_oku

5321.03666

2030

内容を開く

year

2029

状態

forecast

annual_revenue_oku

129521.629756

annual_segment_sales_oku

component: 62117.3935
package: 31641.5016
optics: 35762.734656

annual_ebit_after_sbc_oku

10729.747044

annual_parent_profit_after_sbc_oku

3974.656447

2031

内容を開く

year

2030

状態

forecast

annual_revenue_oku

130142.803691

annual_segment_sales_oku

component: 62738.567435
package: 31641.5016
optics: 35762.734656

annual_ebit_after_sbc_oku

10429.064215

annual_parent_profit_after_sbc_oku

3541.254391

2032

内容を開く

year

2031

状態

forecast

annual_revenue_oku

131244.811889

annual_segment_sales_oku

component: 63365.953109
package: 32116.124124
optics: 35762.734656

annual_ebit_after_sbc_oku

10149.077961

annual_parent_profit_after_sbc_oku

3343.365285

2033

内容を開く

year

2032

状態

forecast

annual_revenue_oku

132360.213282

annual_segment_sales_oku

component: 63999.61264
package: 32597.865986
optics: 35762.734656

annual_ebit_after_sbc_oku

9860.63206

annual_parent_profit_after_sbc_oku

3139.596093

2034

内容を開く

year

2033

状態

forecast

annual_revenue_oku

133489.177398

annual_segment_sales_oku

component: 64639.608767
package: 33086.833976
optics: 35762.734656

annual_ebit_after_sbc_oku

9563.559083

annual_parent_profit_after_sbc_oku

2944.239513

2035

内容を開く

year

2034

状態

forecast

annual_revenue_oku

134955.07404

annual_segment_sales_oku

component: 65609.202898
package: 33583.136485
optics: 35762.734656

annual_ebit_after_sbc_oku

9298.016562

annual_parent_profit_after_sbc_oku

2759.2502

2036

内容を開く

year

2035

状態

forecast

annual_revenue_oku

136442.95913

annual_segment_sales_oku

component: 66593.340942
package: 34086.883533
optics: 35762.734656

annual_ebit_after_sbc_oku

9021.966151

annual_parent_profit_after_sbc_oku

2564.83589

forecast_periods

内容を開く

period

2026_first_partial_11-06_to_12-31

状態

forecast_assumption_post_2026-11-06

開始日

2026-11-06

終了日

2026-12-31

start_days_from_2026-11-06

end_days_from_2026-11-06

period_fraction_365_25

0.150581793

opening

内容を開く

親会社持分（億）: 102801.5221
非支配持分資本（億）: 4817.190572
consolidated_equity_oku: 107618.712672
現金（億）: 34590.773935
interest_bearing_debt_oku: 27463.275871
net_debt_oku: -7127.498064
ppe_plus_intangibles_oku: 72874.184783
common_issued_shares: 74693696
common_treasury_shares: 2000000
common_outstanding_shares: 72693696
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 1

segments

component

sales_oku: 10760.869565
operating_margin_after_sbc_proxy: 0.19
営業利益（株式報酬控除後）: 2044.565217

package

sales_oku: 5380.434783
operating_margin_after_sbc_proxy: 0.11
営業利益（株式報酬控除後）: 591.847826

optics

sales_oku: 5679.347826
operating_margin_after_sbc_proxy: 0.02
営業利益（株式報酬控除後）: 113.586957

income

内容を開く

total_sales_oku: 21820.652174
unallocated_corporate_cost_oku: 349.130435
営業利益（株式報酬控除後）: 2400.869565
sbc_expense_included_in_operating_profit_oku: 54.55163
interest_income_oku: 67.71363
interest_expense_oku: 268.805506
other_nonoperating_oku: -196.38587
profit_before_tax_oku: 2003.391819
income_tax_expense_oku: 530.898832
consolidated_net_profit_oku: 1472.492987
nci_profit_oku: 58.899719
parent_net_profit_after_sbc_oku: 1413.593268
depreciation_and_amortization_oku: 1527.445652

cashflow

内容を開く

operating_cashflow_proxy_oku: 3146.608096
capital_expenditure_cash_oku: 5153.26087
committed_FCBGA_project_capex_within_total_oku: 2690.217391
maintenance_capex_proxy_oku: 1745.652174
additional_growth_capex_oku: 717.391304
working_capital_investment_oku: -92.117826
free_cashflow_before_financing_oku: -2006.652774
dividend_cash_paid_common_oku: 0
dividend_cash_paid_preferred_oku: 0
nci_cash_dividend_oku: 0
external_nci_capital_cash_received_oku: 0
issuer_common_share_buyback_cash_oku: 0
net_debt_issuance_repayment_oku: -2836.854523
cash_identity_close_oku: 29747.266639

shares_and_holder

内容を開く

new_common_shares_from_sbc: 0
sbc_issuance_date_assumed: 未確認
sbc_grant_fair_value_price_proxy_krw: 未確認
prior_year_SBC_credit_now_issued_in_shares_oku: 0
new_common_cash_issue_proceeds_oku: 0
company_common_shares_bought_into_treasury: 0
assumed_buyback_price_krw: 未確認
old_common_shares_tendered: 0
proportional_tender_ratio: 0
old_holder_cash_dividends_received_oku: 0
old_holder_buyback_cash_received_oku: 0
old_holder_total_cash_received_oku: 0
cash_only_holder_no_sbc_cash_outflow: はい

equity_rollforward

内容を開く

parent_open_oku: 102801.5221
parent_profit_oku: 1413.593268
equity_settled_sbc_reserve_credit_oku: 54.55163
dividend_declared_and_paid_common_oku: 0
dividend_declared_and_paid_preferred_oku: 0
treasury_common_buyback_oku: 0
nci_open_oku: 4817.190572
nci_profit_oku: 58.899719
nci_dividend_oku: 0
external_nci_cash_capital_oku: 0
oci_and_unexplained_changes_assumed_oku: 0
parent_equity_close_calculated_oku: 104269.666998

issued_common_treasury_and_preferred_end

内容を開く

親会社持分（億）: 104269.666998
非支配持分資本（億）: 4876.090292
consolidated_equity_oku: 109145.75729
現金（億）: 29747.266639
interest_bearing_debt_oku: 24626.421349
net_debt_oku: -5120.84529
ppe_plus_intangibles_oku: 76500
common_issued_shares: 74693696
common_treasury_shares: 2000000
common_outstanding_shares: 72693696
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 1

dividend_paid_from_fiscal_year

未確認

dividend_right_created_fiscal_year

未確認

source_class

author_model_assumption_not_company_guidance

内容を開く

period

2027_full_year

状態

forecast_assumption_post_2026-11-06

開始日

2026-12-31

終了日

2027-12-31

start_days_from_2026-11-06

end_days_from_2026-11-06

420

period_fraction_365_25

0.999315537

opening

内容を開く

親会社持分（億）: 104269.666998
非支配持分資本（億）: 4876.090292
consolidated_equity_oku: 109145.75729
現金（億）: 29747.266639
interest_bearing_debt_oku: 24626.421349
net_debt_oku: -5120.84529
ppe_plus_intangibles_oku: 76500
common_issued_shares: 74693696
common_treasury_shares: 2000000
common_outstanding_shares: 72693696
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 1

segments

component

sales_oku: 64038.55
operating_margin_after_sbc_proxy: 0.17
営業利益（株式報酬控除後）: 10886.5535

package

sales_oku: 34023.12
operating_margin_after_sbc_proxy: 0.09
営業利益（株式報酬控除後）: 3062.0808

optics

sales_oku: 37629.14
operating_margin_after_sbc_proxy: 0.012
営業利益（株式報酬控除後）: 451.54968

income

内容を開く

total_sales_oku: 135690.81
unallocated_corporate_cost_oku: 2442.43458
営業利益（株式報酬控除後）: 11957.7494
sbc_expense_included_in_operating_profit_oku: 339.227025
interest_income_oku: 386.449775
interest_expense_oku: 1599.621756
other_nonoperating_oku: -1221.21729
profit_before_tax_oku: 9523.360128
income_tax_expense_oku: 2523.690434
consolidated_net_profit_oku: 6999.669694
nci_profit_oku: 279.986788
parent_net_profit_after_sbc_oku: 6719.682907
depreciation_and_amortization_oku: 9498.3567

cashflow

内容を開く

operating_cashflow_proxy_oku: 17424.350269
capital_expenditure_cash_oku: 46055.2648
committed_FCBGA_project_capex_within_total_oku: 31000
maintenance_capex_proxy_oku: 10855.2648
additional_growth_capex_oku: 4200
working_capital_investment_oku: -587.09685
free_cashflow_before_financing_oku: -28630.914531
dividend_cash_paid_common_oku: 2435.238816
dividend_cash_paid_preferred_oku: 97.020836
nci_cash_dividend_oku: 33.598415
external_nci_capital_cash_received_oku: 0
issuer_common_share_buyback_cash_oku: 0
net_debt_issuance_repayment_oku: 15018.586959
cash_identity_close_oku: 13569.081

shares_and_holder

内容を開く

new_common_shares_from_sbc: 55371
sbc_issuance_date_assumed: 2027-06-30
sbc_grant_fair_value_price_proxy_krw: 777441.685
prior_year_SBC_credit_now_issued_in_shares_oku: 91.25
new_common_cash_issue_proceeds_oku: 0
company_common_shares_bought_into_treasury: 0
assumed_buyback_price_krw: 未確認
old_common_shares_tendered: 0
proportional_tender_ratio: 0
old_holder_cash_dividends_received_oku: 2435.238816
old_holder_buyback_cash_received_oku: 0
old_holder_total_cash_received_oku: 2435.238816
cash_only_holder_no_sbc_cash_outflow: はい

equity_rollforward

内容を開く

parent_open_oku: 104269.666998
parent_profit_oku: 6719.682907
equity_settled_sbc_reserve_credit_oku: 339.227025
dividend_declared_and_paid_common_oku: 2435.238816
dividend_declared_and_paid_preferred_oku: 97.020836
treasury_common_buyback_oku: 0
nci_open_oku: 4876.090292
nci_profit_oku: 279.986788
nci_dividend_oku: 33.598415
external_nci_cash_capital_oku: 0
oci_and_unexplained_changes_assumed_oku: 0
parent_equity_close_calculated_oku: 108796.317278

issued_common_treasury_and_preferred_end

内容を開く

親会社持分（億）: 108796.317278
非支配持分資本（億）: 5122.478665
consolidated_equity_oku: 113918.795943
現金（億）: 13569.081
interest_bearing_debt_oku: 39645.008307
net_debt_oku: 26075.927307
ppe_plus_intangibles_oku: 113056.9081
common_issued_shares: 74749067
common_treasury_shares: 2000000
common_outstanding_shares: 72749067
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.999238876837

dividend_paid_from_fiscal_year

2026

dividend_right_created_fiscal_year

2027

source_class

author_model_assumption_not_company_guidance

内容を開く

period

2028_full_year

状態

forecast_assumption_post_2026-11-06

開始日

2027-12-31

終了日

2028-12-31

start_days_from_2026-11-06

420

end_days_from_2026-11-06

786

period_fraction_365_25

1.002053388

opening

内容を開く

親会社持分（億）: 108796.317278
非支配持分資本（億）: 5122.478665
consolidated_equity_oku: 113918.795943
現金（億）: 13569.081
interest_bearing_debt_oku: 39645.008307
net_debt_oku: 26075.927307
ppe_plus_intangibles_oku: 113056.9081
common_issued_shares: 74749067
common_treasury_shares: 2000000
common_outstanding_shares: 72749067
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.999238876837

segments

component

sales_oku: 62117.3935
operating_margin_after_sbc_proxy: 0.1661111
営業利益（株式報酬控除後）: 10318.389254

package

sales_oku: 31641.5016
operating_margin_after_sbc_proxy: 0.085
営業利益（株式報酬控除後）: 2689.527636

optics

sales_oku: 36123.9744
operating_margin_after_sbc_proxy: 0.0123333
営業利益（株式報酬控除後）: 445.529018

income

内容を開く

total_sales_oku: 129882.8695
unallocated_corporate_cost_oku: 2337.891651
営業利益（株式報酬控除後）: 11115.554256
sbc_expense_included_in_operating_profit_oku: 324.707174
interest_income_oku: 176.760267
interest_expense_oku: 2582.216968
other_nonoperating_oku: -1168.945825
profit_before_tax_oku: 7541.151729
income_tax_expense_oku: 1998.405208
consolidated_net_profit_oku: 5542.746521
nci_profit_oku: 221.709861
parent_net_profit_after_sbc_oku: 5321.03666
depreciation_and_amortization_oku: 9091.800865

cashflow

内容を開く

operating_cashflow_proxy_oku: 15627.167717
capital_expenditure_cash_oku: 38290.62956
committed_FCBGA_project_capex_within_total_oku: 25200
maintenance_capex_proxy_oku: 10390.62956
additional_growth_capex_oku: 2700
working_capital_investment_oku: -667.913158
free_cashflow_before_financing_oku: -22663.461843
dividend_cash_paid_common_oku: 1309.483206
dividend_cash_paid_preferred_oku: 52.790749
nci_cash_dividend_oku: 26.605183
external_nci_capital_cash_received_oku: 0
issuer_common_share_buyback_cash_oku: 0
net_debt_issuance_repayment_oku: 23471.546931
cash_identity_close_oku: 12988.28695

shares_and_holder

内容を開く

new_common_shares_from_sbc: 44910
sbc_issuance_date_assumed: 2028-06-30
sbc_grant_fair_value_price_proxy_krw: 723020.767
prior_year_SBC_credit_now_issued_in_shares_oku: 0
new_common_cash_issue_proceeds_oku: 0
company_common_shares_bought_into_treasury: 0
assumed_buyback_price_krw: 未確認
old_common_shares_tendered: 0
proportional_tender_ratio: 0
old_holder_cash_dividends_received_oku: 1308.486528
old_holder_buyback_cash_received_oku: 0
old_holder_total_cash_received_oku: 1308.486528
cash_only_holder_no_sbc_cash_outflow: はい

equity_rollforward

内容を開く

parent_open_oku: 108796.317278
parent_profit_oku: 5321.03666
equity_settled_sbc_reserve_credit_oku: 324.707174
dividend_declared_and_paid_common_oku: 1309.483206
dividend_declared_and_paid_preferred_oku: 52.790749
treasury_common_buyback_oku: 0
nci_open_oku: 5122.478665
nci_profit_oku: 221.709861
nci_dividend_oku: 26.605183
external_nci_cash_capital_oku: 0
oci_and_unexplained_changes_assumed_oku: 0
parent_equity_close_calculated_oku: 113079.787157

issued_common_treasury_and_preferred_end

内容を開く

親会社持分（億）: 113079.787157
非支配持分資本（億）: 5317.583342
consolidated_equity_oku: 118397.370499
現金（億）: 12988.28695
interest_bearing_debt_oku: 63116.555238
net_debt_oku: 50128.268288
ppe_plus_intangibles_oku: 142255.736795
common_issued_shares: 74793977
common_treasury_shares: 2000000
common_outstanding_shares: 72793977
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.998622399763

dividend_paid_from_fiscal_year

2027

dividend_right_created_fiscal_year

2028

source_class

author_model_assumption_not_company_guidance

内容を開く

period

2029_full_year

状態

forecast_assumption_post_2026-11-06

開始日

2028-12-31

終了日

2029-12-31

start_days_from_2026-11-06

786

end_days_from_2026-11-06

1151

period_fraction_365_25

0.999315537

opening

内容を開く

親会社持分（億）: 113079.787157
非支配持分資本（億）: 5317.583342
consolidated_equity_oku: 118397.370499
現金（億）: 12988.28695
interest_bearing_debt_oku: 63116.555238
net_debt_oku: 50128.268288
ppe_plus_intangibles_oku: 142255.736795
common_issued_shares: 74793977
common_treasury_shares: 2000000
common_outstanding_shares: 72793977
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.998622399763

segments

component

sales_oku: 62117.3935
operating_margin_after_sbc_proxy: 0.1622222
営業利益（株式報酬控除後）: 10076.821612

package

sales_oku: 31641.5016
operating_margin_after_sbc_proxy: 0.08
営業利益（株式報酬控除後）: 2531.320128

optics

sales_oku: 35762.734656
operating_margin_after_sbc_proxy: 0.0126667
営業利益（株式報酬控除後）: 452.994639

income

内容を開く

total_sales_oku: 129521.629756
unallocated_corporate_cost_oku: 2331.389336
営業利益（株式報酬控除後）: 10729.747044
sbc_expense_included_in_operating_profit_oku: 323.804074
interest_income_oku: 168.73216
interest_expense_oku: 4099.76803
other_nonoperating_oku: -1165.694668
profit_before_tax_oku: 5633.016506
income_tax_expense_oku: 1492.749374
consolidated_net_profit_oku: 4140.267132
nci_profit_oku: 165.610685
parent_net_profit_after_sbc_oku: 3974.656447
depreciation_and_amortization_oku: 9066.514083

cashflow

内容を開く

operating_cashflow_proxy_oku: 13572.12786
capital_expenditure_cash_oku: 17261.73038
committed_FCBGA_project_capex_within_total_oku: 6000
maintenance_capex_proxy_oku: 10361.73038
additional_growth_capex_oku: 900
working_capital_investment_oku: -41.542571
free_cashflow_before_financing_oku: -3689.602521
dividend_cash_paid_common_oku: 1019.115678
dividend_cash_paid_preferred_oku: 41.376533
nci_cash_dividend_oku: 19.873282
external_nci_capital_cash_received_oku: 0
issuer_common_share_buyback_cash_oku: 0
net_debt_issuance_repayment_oku: 4733.84404
cash_identity_close_oku: 12952.162976

shares_and_holder

内容を開く

new_common_shares_from_sbc: 48156
sbc_issuance_date_assumed: 2029-06-30
sbc_grant_fair_value_price_proxy_krw: 672409.313
prior_year_SBC_credit_now_issued_in_shares_oku: 0
new_common_cash_issue_proceeds_oku: 0
company_common_shares_bought_into_treasury: 0
assumed_buyback_price_krw: 未確認
old_common_shares_tendered: 0
proportional_tender_ratio: 0
old_holder_cash_dividends_received_oku: 1017.711744
old_holder_buyback_cash_received_oku: 0
old_holder_total_cash_received_oku: 1017.711744
cash_only_holder_no_sbc_cash_outflow: はい

equity_rollforward

内容を開く

parent_open_oku: 113079.787157
parent_profit_oku: 3974.656447
equity_settled_sbc_reserve_credit_oku: 323.804074
dividend_declared_and_paid_common_oku: 1019.115678
dividend_declared_and_paid_preferred_oku: 41.376533
treasury_common_buyback_oku: 0
nci_open_oku: 5317.583342
nci_profit_oku: 165.610685
nci_dividend_oku: 19.873282
external_nci_cash_capital_oku: 0
oci_and_unexplained_changes_assumed_oku: 0
parent_equity_close_calculated_oku: 116317.755467

issued_common_treasury_and_preferred_end

内容を開く

親会社持分（億）: 116317.755467
非支配持分資本（億）: 5463.320745
consolidated_equity_oku: 121781.076212
現金（億）: 12952.162976
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 54898.236302
ppe_plus_intangibles_oku: 150450.953093
common_issued_shares: 74842133
common_treasury_shares: 2000000
common_outstanding_shares: 72842133
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.997962209591

dividend_paid_from_fiscal_year

2028

dividend_right_created_fiscal_year

2029

source_class

author_model_assumption_not_company_guidance

内容を開く

period

2030_full_year

状態

forecast_assumption_post_2026-11-06

開始日

2029-12-31

終了日

2030-12-31

start_days_from_2026-11-06

1151

end_days_from_2026-11-06

1516

period_fraction_365_25

0.999315537

opening

内容を開く

親会社持分（億）: 116317.755467
非支配持分資本（億）: 5463.320745
consolidated_equity_oku: 121781.076212
現金（億）: 12952.162976
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 54898.236302
ppe_plus_intangibles_oku: 150450.953093
common_issued_shares: 74842133
common_treasury_shares: 2000000
common_outstanding_shares: 72842133
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.997962209591

segments

component

sales_oku: 62738.567435
operating_margin_after_sbc_proxy: 0.1583333
営業利益（株式報酬控除後）: 9933.606511

package

sales_oku: 31641.5016
operating_margin_after_sbc_proxy: 0.075
営業利益（株式報酬控除後）: 2373.11262

optics

sales_oku: 35762.734656
operating_margin_after_sbc_proxy: 0.013
営業利益（株式報酬控除後）: 464.915551

income

内容を開く

total_sales_oku: 130142.803691
unallocated_corporate_cost_oku: 2342.570466
営業利益（株式報酬控除後）: 10429.064215
sbc_expense_included_in_operating_profit_oku: 325.357009
interest_income_oku: 168.26287
interest_expense_oku: 4407.257284
other_nonoperating_oku: -1171.285233
profit_before_tax_oku: 5018.784568
income_tax_expense_oku: 1329.97791
consolidated_net_profit_oku: 3688.806657
nci_profit_oku: 147.552266
parent_net_profit_after_sbc_oku: 3541.254391
depreciation_and_amortization_oku: 9109.996258

cashflow

内容を開く

operating_cashflow_proxy_oku: 13052.724922
capital_expenditure_cash_oku: 11511.424295
committed_FCBGA_project_capex_within_total_oku: 1100
maintenance_capex_proxy_oku: 10411.424295
additional_growth_capex_oku: 0
working_capital_investment_oku: 71.435003
free_cashflow_before_financing_oku: 1541.300627
dividend_cash_paid_common_oku: 764.842396
dividend_cash_paid_preferred_oku: 31.389094
nci_cash_dividend_oku: 17.706272
external_nci_capital_cash_received_oku: 0
issuer_common_share_buyback_cash_oku: 0
net_debt_issuance_repayment_oku: 0
cash_identity_close_oku: 13679.52584

shares_and_holder

内容を開く

new_common_shares_from_sbc: 52029
sbc_issuance_date_assumed: 2030-06-30
sbc_grant_fair_value_price_proxy_krw: 625340.661
prior_year_SBC_credit_now_issued_in_shares_oku: 0
new_common_cash_issue_proceeds_oku: 0
company_common_shares_bought_into_treasury: 0
assumed_buyback_price_krw: 未確認
old_common_shares_tendered: 0
proportional_tender_ratio: 0
old_holder_cash_dividends_received_oku: 763.283808
old_holder_buyback_cash_received_oku: 0
old_holder_total_cash_received_oku: 763.283808
cash_only_holder_no_sbc_cash_outflow: はい

equity_rollforward

内容を開く

parent_open_oku: 116317.755467
parent_profit_oku: 3541.254391
equity_settled_sbc_reserve_credit_oku: 325.357009
dividend_declared_and_paid_common_oku: 764.842396
dividend_declared_and_paid_preferred_oku: 31.389094
treasury_common_buyback_oku: 0
nci_open_oku: 5463.320745
nci_profit_oku: 147.552266
nci_dividend_oku: 17.706272
external_nci_cash_capital_oku: 0
oci_and_unexplained_changes_assumed_oku: 0
parent_equity_close_calculated_oku: 119388.135376

issued_common_treasury_and_preferred_end

内容を開く

親会社持分（億）: 119388.135376
非支配持分資本（億）: 5593.16674
consolidated_equity_oku: 124981.302116
現金（億）: 13679.52584
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 54170.873438
ppe_plus_intangibles_oku: 152852.381129
common_issued_shares: 74894162
common_treasury_shares: 2000000
common_outstanding_shares: 72894162
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.997249903223

dividend_paid_from_fiscal_year

2029

dividend_right_created_fiscal_year

2030

source_class

author_model_assumption_not_company_guidance

内容を開く

period

2031_full_year

状態

forecast_assumption_post_2026-11-06

開始日

2030-12-31

終了日

2031-12-31

start_days_from_2026-11-06

1516

end_days_from_2026-11-06

1881

period_fraction_365_25

0.999315537

opening

内容を開く

親会社持分（億）: 119388.135376
非支配持分資本（億）: 5593.16674
consolidated_equity_oku: 124981.302116
現金（億）: 13679.52584
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 54170.873438
ppe_plus_intangibles_oku: 152852.381129
common_issued_shares: 74894162
common_treasury_shares: 2000000
common_outstanding_shares: 72894162
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.997249903223

segments

component

sales_oku: 63365.953109
operating_margin_after_sbc_proxy: 0.1544444
営業利益（株式報酬控除後）: 9786.519425

package

sales_oku: 32116.124124
operating_margin_after_sbc_proxy: 0.07
営業利益（株式報酬控除後）: 2248.128689

optics

sales_oku: 35762.734656
operating_margin_after_sbc_proxy: 0.0133333
営業利益（株式報酬控除後）: 476.836462

income

内容を開く

total_sales_oku: 131244.811889
unallocated_corporate_cost_oku: 2362.406614
営業利益（株式報酬控除後）: 10149.077961
sbc_expense_included_in_operating_profit_oku: 328.11203
interest_income_oku: 177.712115
interest_expense_oku: 4407.257284
other_nonoperating_oku: -1181.203307
profit_before_tax_oku: 4738.329486
income_tax_expense_oku: 1255.657314
consolidated_net_profit_oku: 3482.672172
nci_profit_oku: 139.306887
parent_net_profit_after_sbc_oku: 3343.365285
depreciation_and_amortization_oku: 9187.136832

cashflow

内容を開く

operating_cashflow_proxy_oku: 12871.190091
capital_expenditure_cash_oku: 10499.584951
committed_FCBGA_project_capex_within_total_oku: 0
maintenance_capex_proxy_oku: 10499.584951
additional_growth_capex_oku: 0
working_capital_investment_oku: 126.730943
free_cashflow_before_financing_oku: 2371.60514
dividend_cash_paid_common_oku: 692.494539
dividend_cash_paid_preferred_oku: 28.53554
nci_cash_dividend_oku: 16.716826
external_nci_capital_cash_received_oku: 0
issuer_common_share_buyback_cash_oku: 0
net_debt_issuance_repayment_oku: 0
cash_identity_close_oku: 15313.384075

shares_and_holder

内容を開く

new_common_shares_from_sbc: 56419
sbc_issuance_date_assumed: 2031-06-30
sbc_grant_fair_value_price_proxy_krw: 581566.815
prior_year_SBC_credit_now_issued_in_shares_oku: 0
new_common_cash_issue_proceeds_oku: 0
company_common_shares_bought_into_treasury: 0
assumed_buyback_price_krw: 未確認
old_common_shares_tendered: 0
proportional_tender_ratio: 0
old_holder_cash_dividends_received_oku: 690.590112
old_holder_buyback_cash_received_oku: 0
old_holder_total_cash_received_oku: 690.590112
cash_only_holder_no_sbc_cash_outflow: はい

equity_rollforward

内容を開く

parent_open_oku: 119388.135376
parent_profit_oku: 3343.365285
equity_settled_sbc_reserve_credit_oku: 328.11203
dividend_declared_and_paid_common_oku: 692.494539
dividend_declared_and_paid_preferred_oku: 28.53554
treasury_common_buyback_oku: 0
nci_open_oku: 5593.16674
nci_profit_oku: 139.306887
nci_dividend_oku: 16.716826
external_nci_cash_capital_oku: 0
oci_and_unexplained_changes_assumed_oku: 0
parent_equity_close_calculated_oku: 122338.582612

issued_common_treasury_and_preferred_end

内容を開く

親会社持分（億）: 122338.582612
非支配持分資本（億）: 5715.7568
consolidated_equity_oku: 128054.339413
現金（億）: 15313.384075
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 52537.015203
ppe_plus_intangibles_oku: 154164.829248
common_issued_shares: 74950581
common_treasury_shares: 2000000
common_outstanding_shares: 72950581
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.996478643535

dividend_paid_from_fiscal_year

2030

dividend_right_created_fiscal_year

2031

source_class

author_model_assumption_not_company_guidance

内容を開く

period

2032_full_year

状態

forecast_assumption_post_2026-11-06

開始日

2031-12-31

終了日

2032-12-31

start_days_from_2026-11-06

1881

end_days_from_2026-11-06

2247

period_fraction_365_25

1.002053388

opening

内容を開く

親会社持分（億）: 122338.582612
非支配持分資本（億）: 5715.7568
consolidated_equity_oku: 128054.339413
現金（億）: 15313.384075
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 52537.015203
ppe_plus_intangibles_oku: 154164.829248
common_issued_shares: 74950581
common_treasury_shares: 2000000
common_outstanding_shares: 72950581
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.996478643535

segments

component

sales_oku: 63999.61264
operating_margin_after_sbc_proxy: 0.1505556
営業利益（株式報酬控除後）: 9635.497236

package

sales_oku: 32597.865986
operating_margin_after_sbc_proxy: 0.065
営業利益（株式報酬控除後）: 2118.861289

optics

sales_oku: 35762.734656
operating_margin_after_sbc_proxy: 0.0136667
営業利益（株式報酬控除後）: 488.757374

income

内容を開く

total_sales_oku: 132360.213282
unallocated_corporate_cost_oku: 2382.483839
営業利益（株式報酬控除後）: 9860.63206
sbc_expense_included_in_operating_profit_oku: 330.900533
interest_income_oku: 199.482769
interest_expense_oku: 4419.331961
other_nonoperating_oku: -1191.24192
profit_before_tax_oku: 4449.540948
income_tax_expense_oku: 1179.128351
consolidated_net_profit_oku: 3270.412597
nci_profit_oku: 130.816504
parent_net_profit_after_sbc_oku: 3139.596093
depreciation_and_amortization_oku: 9265.21493

cashflow

内容を開く

operating_cashflow_proxy_oku: 12738.2569
capital_expenditure_cash_oku: 10588.817063
committed_FCBGA_project_capex_within_total_oku: 0
maintenance_capex_proxy_oku: 10588.817063
additional_growth_capex_oku: 0
working_capital_investment_oku: 128.27116
free_cashflow_before_financing_oku: 2149.439837
dividend_cash_paid_common_oku: 656.555229
dividend_cash_paid_preferred_oku: 27.108763
nci_cash_dividend_oku: 15.69798
external_nci_capital_cash_received_oku: 0
issuer_common_share_buyback_cash_oku: 0
net_debt_issuance_repayment_oku: 0
cash_identity_close_oku: 16763.46194

shares_and_holder

内容を開く

new_common_shares_from_sbc: 61181
sbc_issuance_date_assumed: 2032-06-30
sbc_grant_fair_value_price_proxy_krw: 540857.138
prior_year_SBC_credit_now_issued_in_shares_oku: 0
new_common_cash_issue_proceeds_oku: 0
company_common_shares_bought_into_treasury: 0
assumed_buyback_price_krw: 未確認
old_common_shares_tendered: 0
proportional_tender_ratio: 0
old_holder_cash_dividends_received_oku: 654.243264
old_holder_buyback_cash_received_oku: 0
old_holder_total_cash_received_oku: 654.243264
cash_only_holder_no_sbc_cash_outflow: はい

equity_rollforward

内容を開く

parent_open_oku: 122338.582612
parent_profit_oku: 3139.596093
equity_settled_sbc_reserve_credit_oku: 330.900533
dividend_declared_and_paid_common_oku: 656.555229
dividend_declared_and_paid_preferred_oku: 27.108763
treasury_common_buyback_oku: 0
nci_open_oku: 5715.7568
nci_profit_oku: 130.816504
nci_dividend_oku: 15.69798
external_nci_cash_capital_oku: 0
oci_and_unexplained_changes_assumed_oku: 0
parent_equity_close_calculated_oku: 125125.415247

issued_common_treasury_and_preferred_end

内容を開く

親会社持分（億）: 125125.415247
非支配持分資本（億）: 5830.875324
consolidated_equity_oku: 130956.290571
現金（億）: 16763.46194
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 51086.937338
ppe_plus_intangibles_oku: 155488.431381
common_issued_shares: 75011762
common_treasury_shares: 2000000
common_outstanding_shares: 73011762
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.995643633419

dividend_paid_from_fiscal_year

2031

dividend_right_created_fiscal_year

2032

source_class

author_model_assumption_not_company_guidance

内容を開く

period

2033_full_year

状態

forecast_assumption_post_2026-11-06

開始日

2032-12-31

終了日

2033-12-31

start_days_from_2026-11-06

2247

end_days_from_2026-11-06

2612

period_fraction_365_25

0.999315537

opening

内容を開く

親会社持分（億）: 125125.415247
非支配持分資本（億）: 5830.875324
consolidated_equity_oku: 130956.290571
現金（億）: 16763.46194
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 51086.937338
ppe_plus_intangibles_oku: 155488.431381
common_issued_shares: 75011762
common_treasury_shares: 2000000
common_outstanding_shares: 73011762
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.995643633419

segments

component

sales_oku: 64639.608767
operating_margin_after_sbc_proxy: 0.1466667
営業利益（株式報酬控除後）: 9480.475952

package

sales_oku: 33086.833976
operating_margin_after_sbc_proxy: 0.06
営業利益（株式報酬控除後）: 1985.210039

optics

sales_oku: 35762.734656
operating_margin_after_sbc_proxy: 0.014
営業利益（株式報酬控除後）: 500.678285

income

内容を開く

total_sales_oku: 133489.177398
unallocated_corporate_cost_oku: 2402.805193
営業利益（株式報酬控除後）: 9563.559083
sbc_expense_included_in_operating_profit_oku: 333.722943
interest_income_oku: 217.775844
interest_expense_oku: 4407.257284
other_nonoperating_oku: -1201.402597
profit_before_tax_oku: 4172.675046
income_tax_expense_oku: 1105.758887
consolidated_net_profit_oku: 3066.916159
nci_profit_oku: 122.676646
parent_net_profit_after_sbc_oku: 2944.239513
depreciation_and_amortization_oku: 9344.242418

cashflow

内容を開く

operating_cashflow_proxy_oku: 12615.050647
capital_expenditure_cash_oku: 10679.134192
committed_FCBGA_project_capex_within_total_oku: 0
maintenance_capex_proxy_oku: 10679.134192
additional_growth_capex_oku: 0
working_capital_investment_oku: 129.830873
free_cashflow_before_financing_oku: 1935.916455
dividend_cash_paid_common_oku: 620.599977
dividend_cash_paid_preferred_oku: 25.681986
nci_cash_dividend_oku: 14.721198
external_nci_capital_cash_received_oku: 0
issuer_common_share_buyback_cash_oku: 0
net_debt_issuance_repayment_oku: 0
cash_identity_close_oku: 18038.375235

shares_and_holder

内容を開く

new_common_shares_from_sbc: 66347
sbc_issuance_date_assumed: 2033-06-30
sbc_grant_fair_value_price_proxy_krw: 502997.138
prior_year_SBC_credit_now_issued_in_shares_oku: 0
new_common_cash_issue_proceeds_oku: 0
company_common_shares_bought_into_treasury: 0
assumed_buyback_price_krw: 未確認
old_common_shares_tendered: 0
proportional_tender_ratio: 0
old_holder_cash_dividends_received_oku: 617.896416
old_holder_buyback_cash_received_oku: 0
old_holder_total_cash_received_oku: 617.896416
cash_only_holder_no_sbc_cash_outflow: はい

equity_rollforward

内容を開く

parent_open_oku: 125125.415247
parent_profit_oku: 2944.239513
equity_settled_sbc_reserve_credit_oku: 333.722943
dividend_declared_and_paid_common_oku: 620.599977
dividend_declared_and_paid_preferred_oku: 25.681986
treasury_common_buyback_oku: 0
nci_open_oku: 5830.875324
nci_profit_oku: 122.676646
nci_dividend_oku: 14.721198
external_nci_cash_capital_oku: 0
oci_and_unexplained_changes_assumed_oku: 0
parent_equity_close_calculated_oku: 127757.09574

issued_common_treasury_and_preferred_end

内容を開く

親会社持分（億）: 127757.09574
非支配持分資本（億）: 5938.830772
consolidated_equity_oku: 133695.926513
現金（億）: 18038.375235
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 49812.024043
ppe_plus_intangibles_oku: 156823.323155
common_issued_shares: 75078109
common_treasury_shares: 2000000
common_outstanding_shares: 73078109
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.994739696945

dividend_paid_from_fiscal_year

2032

dividend_right_created_fiscal_year

2033

source_class

author_model_assumption_not_company_guidance

内容を開く

period

2034_full_year

状態

forecast_assumption_post_2026-11-06

開始日

2033-12-31

終了日

2034-12-31

start_days_from_2026-11-06

2612

end_days_from_2026-11-06

2977

period_fraction_365_25

0.999315537

opening

内容を開く

親会社持分（億）: 127757.09574
非支配持分資本（億）: 5938.830772
consolidated_equity_oku: 133695.926513
現金（億）: 18038.375235
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 49812.024043
ppe_plus_intangibles_oku: 156823.323155
common_issued_shares: 75078109
common_treasury_shares: 2000000
common_outstanding_shares: 73078109
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.994739696945

segments

component

sales_oku: 65609.202898
operating_margin_after_sbc_proxy: 0.1427778
営業利益（株式報酬控除後）: 9367.536192

package

sales_oku: 33583.136485
operating_margin_after_sbc_proxy: 0.055
営業利益（株式報酬控除後）: 1847.072507

optics

sales_oku: 35762.734656
operating_margin_after_sbc_proxy: 0.0143333
営業利益（株式報酬控除後）: 512.599197

income

内容を開く

total_sales_oku: 134955.07404
unallocated_corporate_cost_oku: 2429.191333
営業利益（株式報酬控除後）: 9298.016562
sbc_expense_included_in_operating_profit_oku: 337.387685
interest_income_oku: 234.338372
interest_expense_oku: 4407.257284
other_nonoperating_oku: -1214.595666
profit_before_tax_oku: 3910.501985
income_tax_expense_oku: 1036.283026
consolidated_net_profit_oku: 2874.218959
nci_profit_oku: 114.968758
parent_net_profit_after_sbc_oku: 2759.2502
depreciation_and_amortization_oku: 9446.855183

cashflow

内容を開く

operating_cashflow_proxy_oku: 12489.883713
capital_expenditure_cash_oku: 10796.405923
committed_FCBGA_project_capex_within_total_oku: 0
maintenance_capex_proxy_oku: 10796.405923
additional_growth_capex_oku: 0
working_capital_investment_oku: 168.578114
free_cashflow_before_financing_oku: 1693.47779
dividend_cash_paid_common_oku: 584.624872
dividend_cash_paid_preferred_oku: 24.255209
nci_cash_dividend_oku: 13.796251
external_nci_capital_cash_received_oku: 0
issuer_common_share_buyback_cash_oku: 0
net_debt_issuance_repayment_oku: 0
cash_identity_close_oku: 19109.176692

shares_and_holder

内容を開く

new_common_shares_from_sbc: 72124
sbc_issuance_date_assumed: 2034-06-30
sbc_grant_fair_value_price_proxy_krw: 467787.339
prior_year_SBC_credit_now_issued_in_shares_oku: 0
new_common_cash_issue_proceeds_oku: 0
company_common_shares_bought_into_treasury: 0
assumed_buyback_price_krw: 未確認
old_common_shares_tendered: 0
proportional_tender_ratio: 0
old_holder_cash_dividends_received_oku: 581.549568
old_holder_buyback_cash_received_oku: 0
old_holder_total_cash_received_oku: 581.549568
cash_only_holder_no_sbc_cash_outflow: はい

equity_rollforward

内容を開く

parent_open_oku: 127757.09574
parent_profit_oku: 2759.2502
equity_settled_sbc_reserve_credit_oku: 337.387685
dividend_declared_and_paid_common_oku: 584.624872
dividend_declared_and_paid_preferred_oku: 24.255209
treasury_common_buyback_oku: 0
nci_open_oku: 5938.830772
nci_profit_oku: 114.968758
nci_dividend_oku: 13.796251
external_nci_cash_capital_oku: 0
oci_and_unexplained_changes_assumed_oku: 0
parent_equity_close_calculated_oku: 130244.853545

issued_common_treasury_and_preferred_end

内容を開く

親会社持分（億）: 130244.853545
非支配持分資本（億）: 6040.00328
consolidated_equity_oku: 136284.856824
現金（億）: 19109.176692
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 48741.222586
ppe_plus_intangibles_oku: 158172.873896
common_issued_shares: 75150233
common_treasury_shares: 2000000
common_outstanding_shares: 73150233
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.993758912566

dividend_paid_from_fiscal_year

2033

dividend_right_created_fiscal_year

2034

source_class

author_model_assumption_not_company_guidance

内容を開く

period

2035_full_year

状態

forecast_assumption_post_2026-11-06

開始日

2034-12-31

終了日

2035-12-31

start_days_from_2026-11-06

2977

end_days_from_2026-11-06

3342

period_fraction_365_25

0.999315537

opening

内容を開く

親会社持分（億）: 130244.853545
非支配持分資本（億）: 6040.00328
consolidated_equity_oku: 136284.856824
現金（億）: 19109.176692
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 48741.222586
ppe_plus_intangibles_oku: 158172.873896
common_issued_shares: 75150233
common_treasury_shares: 2000000
common_outstanding_shares: 73150233
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.993758912566

segments

component

sales_oku: 66593.340942
operating_margin_after_sbc_proxy: 0.1388889
営業利益（株式報酬控除後）: 9249.075131

package

sales_oku: 34086.883533
operating_margin_after_sbc_proxy: 0.05
営業利益（株式報酬控除後）: 1704.344177

optics

sales_oku: 35762.734656
operating_margin_after_sbc_proxy: 0.0146667
営業利益（株式報酬控除後）: 524.520108

income

内容を開く

total_sales_oku: 136442.95913
unallocated_corporate_cost_oku: 2455.973264
営業利益（株式報酬控除後）: 9021.966151
sbc_expense_included_in_operating_profit_oku: 341.107398
interest_income_oku: 248.249263
interest_expense_oku: 4407.257284
other_nonoperating_oku: -1227.986632
profit_before_tax_oku: 3634.971499
income_tax_expense_oku: 963.267447
consolidated_net_profit_oku: 2671.704052
nci_profit_oku: 106.868162
parent_net_profit_after_sbc_oku: 2564.83589
depreciation_and_amortization_oku: 9551.007139

cashflow

内容を開く

operating_cashflow_proxy_oku: 12392.711803
capital_expenditure_cash_oku: 10915.43673
committed_FCBGA_project_capex_within_total_oku: 0
maintenance_capex_proxy_oku: 10915.43673
additional_growth_capex_oku: 0
working_capital_investment_oku: 171.106785
free_cashflow_before_financing_oku: 1477.275073
dividend_cash_paid_common_oku: 548.626747
dividend_cash_paid_preferred_oku: 22.828432
nci_cash_dividend_oku: 12.824179
external_nci_capital_cash_received_oku: 0
issuer_common_share_buyback_cash_oku: 0
net_debt_issuance_repayment_oku: 0
cash_identity_close_oku: 20002.172406

shares_and_holder

内容を開く

new_common_shares_from_sbc: 78408
sbc_issuance_date_assumed: 2035-06-30
sbc_grant_fair_value_price_proxy_krw: 435042.225
prior_year_SBC_credit_now_issued_in_shares_oku: 0
new_common_cash_issue_proceeds_oku: 0
company_common_shares_bought_into_treasury: 0
assumed_buyback_price_krw: 未確認
old_common_shares_tendered: 0
proportional_tender_ratio: 0
old_holder_cash_dividends_received_oku: 545.20272
old_holder_buyback_cash_received_oku: 0
old_holder_total_cash_received_oku: 545.20272
cash_only_holder_no_sbc_cash_outflow: はい

equity_rollforward

内容を開く

parent_open_oku: 130244.853545
parent_profit_oku: 2564.83589
equity_settled_sbc_reserve_credit_oku: 341.107398
dividend_declared_and_paid_common_oku: 548.626747
dividend_declared_and_paid_preferred_oku: 22.828432
treasury_common_buyback_oku: 0
nci_open_oku: 6040.00328
nci_profit_oku: 106.868162
nci_dividend_oku: 12.824179
external_nci_cash_capital_oku: 0
oci_and_unexplained_changes_assumed_oku: 0
parent_equity_close_calculated_oku: 132579.341652

issued_common_treasury_and_preferred_end

内容を開く

親会社持分（億）: 132579.341652
非支配持分資本（億）: 6134.047262
consolidated_equity_oku: 138713.388915
現金（億）: 20002.172406
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 47848.226872
ppe_plus_intangibles_oku: 159537.303487
common_issued_shares: 75228641
common_treasury_shares: 2000000
common_outstanding_shares: 73228641
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.99269486648

dividend_paid_from_fiscal_year

2034

dividend_right_created_fiscal_year

2035

source_class

author_model_assumption_not_company_guidance

内容を開く

period

2036_final_partial_01-01_to_11-06

状態

forecast_assumption_post_2026-11-06

開始日

2035-12-31

終了日

2036-11-06

start_days_from_2026-11-06

3342

end_days_from_2026-11-06

3653

period_fraction_365_25

0.851471595

opening

内容を開く

親会社持分（億）: 132579.341652
非支配持分資本（億）: 6134.047262
consolidated_equity_oku: 138713.388915
現金（億）: 20002.172406
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 47848.226872
ppe_plus_intangibles_oku: 159537.303487
common_issued_shares: 75228641
common_treasury_shares: 2000000
common_outstanding_shares: 73228641
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.99269486648

segments

component

sales_oku: 57434.937072
operating_margin_after_sbc_proxy: 0.135
営業利益（株式報酬控除後）: 7753.716505

package

sales_oku: 29399.005711
operating_margin_after_sbc_proxy: 0.045
営業利益（株式報酬控除後）: 1322.955257

optics

sales_oku: 30388.553219
operating_margin_after_sbc_proxy: 0.015
営業利益（株式報酬控除後）: 455.828298

income

内容を開く

total_sales_oku: 117222.496002
unallocated_corporate_cost_oku: 2110.004928
営業利益（株式報酬控除後）: 7422.495132
sbc_expense_included_in_operating_profit_oku: 293.05624
interest_income_oku: 221.406661
interest_expense_oku: 3755.224699
other_nonoperating_oku: -1055.002464
profit_before_tax_oku: 2833.67463
income_tax_expense_oku: 750.923777
consolidated_net_profit_oku: 2082.750853
nci_profit_oku: 83.310034
parent_net_profit_after_sbc_oku: 1999.440819
depreciation_and_amortization_oku: 8205.57472

cashflow

内容を開く

operating_cashflow_proxy_oku: 10433.806886
capital_expenditure_cash_oku: 9377.79968
committed_FCBGA_project_capex_within_total_oku: 0
maintenance_capex_proxy_oku: 9377.79968
additional_growth_capex_oku: 0
working_capital_investment_oku: 147.574927
free_cashflow_before_financing_oku: 1056.007206
dividend_cash_paid_common_oku: 475.986167
dividend_cash_paid_preferred_oku: 19.974878
nci_cash_dividend_oku: 9.997204
external_nci_capital_cash_received_oku: 0
issuer_common_share_buyback_cash_oku: 0
net_debt_issuance_repayment_oku: 0
cash_identity_close_oku: 20552.221363

shares_and_holder

内容を開く

new_common_shares_from_sbc: 72433
sbc_issuance_date_assumed: 2036-06-30
sbc_grant_fair_value_price_proxy_krw: 404589.269
prior_year_SBC_credit_now_issued_in_shares_oku: 0
new_common_cash_issue_proceeds_oku: 0
company_common_shares_bought_into_treasury: 0
assumed_buyback_price_krw: 未確認
old_common_shares_tendered: 0
proportional_tender_ratio: 0
old_holder_cash_dividends_received_oku: 472.509024
old_holder_buyback_cash_received_oku: 0
old_holder_total_cash_received_oku: 472.509024
cash_only_holder_no_sbc_cash_outflow: はい

equity_rollforward

内容を開く

parent_open_oku: 132579.341652
parent_profit_oku: 1999.440819
equity_settled_sbc_reserve_credit_oku: 293.05624
dividend_declared_and_paid_common_oku: 475.986167
dividend_declared_and_paid_preferred_oku: 19.974878
treasury_common_buyback_oku: 0
nci_open_oku: 6134.047262
nci_profit_oku: 83.310034
nci_dividend_oku: 9.997204
external_nci_cash_capital_oku: 0
oci_and_unexplained_changes_assumed_oku: 0
parent_equity_close_calculated_oku: 134375.877667

issued_common_treasury_and_preferred_end

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親会社持分（億）: 134375.877667
非支配持分資本（億）: 6207.360092
consolidated_equity_oku: 140583.237759
現金（億）: 20552.221363
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 47298.177915
ppe_plus_intangibles_oku: 160709.528447
common_issued_shares: 75301074
common_treasury_shares: 2000000
common_outstanding_shares: 73301074
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.991713927684

dividend_paid_from_fiscal_year

2035

dividend_right_created_fiscal_year

未確認

source_class

author_model_assumption_not_company_guidance

forecast_period_count

horizons_y10

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キャッシュフローの算出方法

timed_holder_cashflows_v1

initial_investment_oku

632435.1552

old_holder_at_start_common_shares

72693696

valuation_date

2026-11-06

終価の基準日

2036-11-06

terminal_year

10.0013689254

日付別キャッシュフロー

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想定日: 2026-12-29
year: 0.1451060917
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2026
common_dps_krw: 3350
preferred_dps_krw: 3400
record_date: 2026-12-31
scheduled_payment_date_assumed: 2027-04-19
preferred_cash_not_attributable_to_old_common_oku: 97.020836
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2027-04-19
year: 0.4490075291
金額: 2435.238816
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2026
dps_krw: 3350
ex_date: 2026-12-29
record_date: 2026-12-31
declaration_date_assumed: 2027-03-15
record_common_shares: 72693696
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding

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想定日: 2027-06-30
year: 0.6461327858
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 55371
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 777441.68

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想定日: 2027-12-29
year: 1.144421629
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2027
common_dps_krw: 1800
preferred_dps_krw: 1850
record_date: 2027-12-31
scheduled_payment_date_assumed: 2028-04-17
preferred_cash_not_attributable_to_old_common_oku: 52.790749
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2028-04-17
year: 1.4455852156
金額: 1308.486528
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2027
dps_krw: 1800
ex_date: 2027-12-29
record_date: 2027-12-31
declaration_date_assumed: 2028-03-15
record_common_shares: 72749067
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding

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想定日: 2028-06-30
year: 1.6481861739
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 44910
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 723020.77

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想定日: 2028-12-29
year: 2.1464750171
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2028
common_dps_krw: 1400
preferred_dps_krw: 1450
record_date: 2028-12-31
scheduled_payment_date_assumed: 2029-04-17
preferred_cash_not_attributable_to_old_common_oku: 41.376533
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2029-04-17
year: 2.4449007529
金額: 1017.711744
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2028
dps_krw: 1400
ex_date: 2028-12-29
record_date: 2028-12-31
declaration_date_assumed: 2029-03-15
record_common_shares: 72793977
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding

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想定日: 2029-06-30
year: 2.6475017112
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 48156
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 672409.31

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想定日: 2029-12-28
year: 3.1430527036
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2029
common_dps_krw: 1050
preferred_dps_krw: 1100
record_date: 2029-12-31
scheduled_payment_date_assumed: 2030-04-17
preferred_cash_not_attributable_to_old_common_oku: 31.389094
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2030-04-17
year: 3.4442162902
金額: 763.283808
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2029
dps_krw: 1050
ex_date: 2029-12-28
record_date: 2029-12-31
declaration_date_assumed: 2030-03-15
record_common_shares: 72842133
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding

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想定日: 2030-06-30
year: 3.6468172485
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 52029
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 625340.66

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想定日: 2030-12-27
year: 4.1396303901
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2030
common_dps_krw: 950
preferred_dps_krw: 1000
record_date: 2030-12-31
scheduled_payment_date_assumed: 2031-04-17
preferred_cash_not_attributable_to_old_common_oku: 28.53554
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2031-04-17
year: 4.4435318275
金額: 690.590112
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2030
dps_krw: 950
ex_date: 2030-12-27
record_date: 2030-12-31
declaration_date_assumed: 2031-03-17
record_common_shares: 72894162
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding

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想定日: 2031-06-30
year: 4.6461327858
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 56419
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 581566.81

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想定日: 2031-12-29
year: 5.144421629
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2031
common_dps_krw: 900
preferred_dps_krw: 950
record_date: 2031-12-31
scheduled_payment_date_assumed: 2032-04-19
preferred_cash_not_attributable_to_old_common_oku: 27.108763
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2032-04-19
year: 5.4510609172
金額: 654.243264
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2031
dps_krw: 900
ex_date: 2031-12-29
record_date: 2031-12-31
declaration_date_assumed: 2032-03-15
record_common_shares: 72950581
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding

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想定日: 2032-06-30
year: 5.6481861739
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 61181
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 540857.14

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想定日: 2032-12-29
year: 6.1464750171
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2032
common_dps_krw: 850
preferred_dps_krw: 900
record_date: 2032-12-31
scheduled_payment_date_assumed: 2033-04-18
preferred_cash_not_attributable_to_old_common_oku: 25.681986
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2033-04-18
year: 6.4476386037
金額: 617.896416
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2032
dps_krw: 850
ex_date: 2032-12-29
record_date: 2032-12-31
declaration_date_assumed: 2033-03-15
record_common_shares: 73011762
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding

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想定日: 2033-06-30
year: 6.6475017112
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 66347
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 502997.14

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想定日: 2033-12-29
year: 7.1457905544
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2033
common_dps_krw: 800
preferred_dps_krw: 850
record_date: 2033-12-31
scheduled_payment_date_assumed: 2034-04-17
preferred_cash_not_attributable_to_old_common_oku: 24.255209
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2034-04-17
year: 7.4442162902
金額: 581.549568
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2033
dps_krw: 800
ex_date: 2033-12-29
record_date: 2033-12-31
declaration_date_assumed: 2034-03-15
record_common_shares: 73078109
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding

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想定日: 2034-06-30
year: 7.6468172485
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 72124
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 467787.34

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想定日: 2034-12-29
year: 8.1451060917
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2034
common_dps_krw: 750
preferred_dps_krw: 800
record_date: 2034-12-31
scheduled_payment_date_assumed: 2035-04-17
preferred_cash_not_attributable_to_old_common_oku: 22.828432
ex_date_status: forecast_not_KRX_confirmed

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想定日: 2035-04-17
year: 8.4435318275
金額: 545.20272
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2034
dps_krw: 750
ex_date: 2034-12-29
record_date: 2034-12-31
declaration_date_assumed: 2035-03-15
record_common_shares: 73150233
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding

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想定日: 2035-06-30
year: 8.6461327858
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 78408
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 435042.22

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想定日: 2035-12-28
year: 9.1416837782
金額: 0
種類: dividend_ex_rights_no_cash
date_status: forecast_assumption
fiscal_year: 2035
common_dps_krw: 650
preferred_dps_krw: 700
record_date: 2035-12-31
scheduled_payment_date_assumed: 2036-04-17
preferred_cash_not_attributable_to_old_common_oku: 19.974878
ex_date_status: forecast_not_KRX_confirmed

内容を開く

想定日: 2036-04-17
year: 9.4455852156
金額: 472.509024
種類: common_dividend_cash_received
date_status: forecast_assumption
fiscal_year: 2035
dps_krw: 650
ex_date: 2035-12-28
record_date: 2035-12-31
declaration_date_assumed: 2036-03-17
record_common_shares: 73228641
old_cohort_record_shares: 72693696
declared_vs_forecast: forecast_not_declared_as_of_2026-11-06
tax: gross_before_all_investor_withholding

内容を開く

想定日: 2036-06-30
year: 9.6481861739
金額: 0
種類: noncash_sbc_common_issuance
date_status: forecast_assumption
common_new_shares: 72433
issuer_cash_proceeds_oku: 0
estimated_grant_fair_value_per_share_krw: 404589.27

期間内株主受取

9086.712

終価

company_all_common_terminal_equity_oku

company_preferred_terminal_equity_oku

company_parent_total_terminal_equity_oku

holder_ownership_ratio_terminal_common

0.991713927684

irr

-0.490442026129

pv_holder_dividends_buybacks_oku_at_scenario_cost_equity

5977.671985

pv_holder_terminal_oku_at_scenario_cost_equity

pv_old_holder_total_oku_at_scenario_cost_equity

5977.671985

estimated_fair_value_krw_per_initial_common_share

8223.095

estimated_fair_value_to_price_ratio

0.0094518

terminal_cashflow_method

内容を開く

方法

2037_steady_state_FCFF_at_WACC_less_g_with_share_neutral_SBC_and_no_terminal_PE

2037_consolidated_sales_oku

139332.694122

2037_operating_profit_after_sbc_oku

8822.506593

2037_segment_operating_profits_oku

component: 9216.202068
package: 1572.487589
optics: 541.80543

2037_corporate_overhead_oku

2507.988494

2037_sbc_expense_already_in_operating_profit_oku

348.331735

2037_nopat_after_sbc_oku

6484.542346

2037_non_cash_sbc_added_back_once_oku

348.331735

2037_normalized_after_tax_operating_return_plus_SBC_oku

6832.874081

2037_incremental_ron_ic

0.11

2037_growth_reinvestment_oku

621.170371

2037_forecast_share_awards_units

92575

2037_forecast_share_neutral_market_repurchase_units

92575

2037_assumed_market_price_for_share_neutralization_krw

376268.02

2037_share_neutral_repurchase_cash_oku

348.33012

2037_sustainable_after_SBC_neutralization_FCFF_oku

5863.37359

wacc

0.123

perpetuity_g

0.01

terminal_enterprise_value_oku

51888.261863

terminal_gross_debt_oku

67850.399278

terminal_cash_oku

20552.221363

terminal_required_operating_cash_oku

13795.31625

terminal_excess_cash_added_oku

6756.905113

terminal_equity_before_NCI_oku

terminal_NCI_fair_value_share_assumed

0.055

terminal_NCI_fair_value_oku

terminal_parent_equity_value_including_common_and_preferred_oku

preferred_50KRW_extra_dividend_perpetuity_oku

10.191264

2036_11_06_common_equity_value_oku

2036_11_06_preferred_equity_value_oku

2036_11_06_old_cohort_equity_oku

no_double_count_explanation

Operating profit and parent profit keep SBC expense. During 2027-2036 explicit forecasts: add noncash SBC to cash and record issuance dilution once. From 2037 FCFF adds back SBC then deducts full market-cost cash to repurchase exactly predicted future award shares, holding post-terminal common share count constant; no further dilution charged. Preferenced shares and NCI are removed from old common value once.

endpoint

内容を開く

親会社持分（億）: 134375.877667
非支配持分資本（億）: 6207.360092
consolidated_equity_oku: 140583.237759
現金（億）: 20552.221363
interest_bearing_debt_oku: 67850.399278
net_debt_oku: 47298.177915
ppe_plus_intangibles_oku: 160709.528447
common_issued_shares: 75301074
common_treasury_shares: 2000000
common_outstanding_shares: 73301074
preferred_issued_shares: 2906984
preferred_treasury_shares: 53430
preferred_outstanding_shares: 2853554
old_common_cohort_remaining_shares: 72693696
old_cohort_pct_of_common_outstanding: 0.991713927684

source_class

independent_scenario_model_not_company_projection

キャッシュフローの算出方法

timed_holder_cashflows_v1

期間内株主受取

9086.712

終価

irr

-0.490442026129

弱気（確率 20.0%）

事業別の売上と利益率、設備投資、普通株と優先株の配分、株式報酬を仮定して、旧普通株主の配当・買戻しと残存価値を試算。

このシナリオの数値・キャッシュフローを開く →

中立（確率 40.0%）

事業別の売上と利益率、設備投資、普通株と優先株の配分、株式報酬を仮定して、旧普通株主の配当・買戻しと残存価値を試算。

このシナリオの数値・キャッシュフローを開く →

強気（確率 20.0%）

事業別の売上と利益率、設備投資、普通株と優先株の配分、株式報酬を仮定して、旧普通株主の配当・買戻しと残存価値を試算。

このシナリオの数値・キャッシュフローを開く →

最良（確率 10.0%）

事業別の売上と利益率、設備投資、普通株と優先株の配分、株式報酬を仮定して、旧普通株主の配当・買戻しと残存価値を試算。

このシナリオの数値・キャッシュフローを開く →

事業の詳細

model: manufactures passive component MLCC, high-density FCBGA semiconductor packages, optical camera modules
moat_ja: MLCC小型大容量・耐熱とADAS品質、FCBGA微細配線・大面積歩留りに技術優位。新工場は顧客長期契約で支えるが数量保証・支援入金額は未検証。
customers: Samsung Electronics and consolidated subsidiaries approximately 26% of H1 reported sales (secondary transcription); others unnamed global Big Tech and automotive customers; concentration risks.
price_volume_mix: segment sales known but unit ASP, units, and operating profit by segment not disclosed: forecast growth and margins are analyst judgment, not official disclosures.
sbc_rule: P&L operating profit and parent profit already net of SBC; CFO addback and shares dilution explicitly recorded; 2026 Q4 accrual vests 2027 rather than disappearing, with 2037 perpetual awards share-neutralized through cash market repurchase

競争力の詳細

financial_2026q3_status

preliminary company issued 2026-10-28 pre-external review

reported_last_2026_q3

内容を開く

currency: KRW
単位: oku KRW
sales: 37633
operating_profit: 6910
pbt: 6097
tax_expense: 1247
consolidated_net_profit: 4850
parent_profit: 4687
nci_profit_derived: 163
assets: 170612
debt: 34263
cash: 41137
equity_total: 104988
quarter_capex_intangible_tangible: 8627

reported_2026_h1_derived_secondary

内容を開く

親会社持分（億）: 102305.79
非支配持分資本（億）: 2985.63
consolidated_total_oku: 105291.42
出典: secondary reproducing 2026-08-14 DART report; direct DART unavailable

2026q3_nci_and_parent_equity_proxy

内容を開く

非支配持分（億）: 3148.63
parent_oku: 101839.37
q3_oci_and_other_to_reconcile_oku: -5153.42
方法: Q2 NCI+Q3 reported consolidated less parent profit; all Q3 OCI and other equity movement forced to parent as residual; inherently uncertain

q3_earnings_after_sbc

reported K-IFRS parent result; no additional SBC deduction

nine_months_exact_through_q3_2026

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sales_oku: 104295.96
営業利益（億）: 14118.99
pbt_oku: 13593.93
income_tax_oku_derived: 2933.7
consolidated_profit_oku: 10660.23
parent_profit_oku: 10335.3
状態: KRX fair-disclosure cumulative numbers from 2026-10-28 primary filing, reproduced by filings archive; Q1-Q3 component sums are rounded IR deck numbers

2026Q3_parent_return_on_equity_LTM_proxy

未確認

業界の詳細

cycles

smartphone handset seasonality and inventory cycles; AI capex availability, FC-BGA yield and MLCC capacity; autos and EV ADAS slower smoothing demand

technologies

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1: AI server MLCC
2: advanced FCBGA substrates
3: automotive MLCC
4: camera modules
5: Glasssem glass cores

competitors

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1: Murata
2: Taiyo Yuden
3: Yageo
4: Ibiden
5: Unimicron
6: Nan Ya PCB
7: LG Innotek

risks

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1: price pressure on mature MLCC and handset cameras
2: geopolitical customer and supply-chain concentration
3: capex and inventory overbuild
4: overestimation of Big Tech funding and 2032 contracted volume

non_disclosed

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1: division EBIT/margin
2: MLCC AI revenue and product ASP/volume
3: FCBGA long term contract prices/units
4: specific Big Tech revenue concentration
5: SBC award level in 2026 after accounting cutoffs

財務・資本配分の詳細

historical_shares_as_of_proxy

2025-12-31 issuer formal annual report, assumed unchanged to 2026-11-06 pending definitive H1 share check

ordinary_outstanding_basis

72693696

preferred_outstanding

2853554

preferred_rights

nonvoting preferred, 2025 annual cash DPS KRW50 above ordinary; modeled equally residual participation and preference annuity, no terminal listed preferred market price regression

dividend_history

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fiscal_year: 2025
common_krw: 2350
preferred_krw: 2400
ex_date: 2025-12-29
pay_date: 2026-04-17
状態: paid_before_cutoff_excluded

future_dividend_policy

company states ~20% or more payout subject to capex and cashflow; scenario ratio forecast, never newly resolved on as_of

authorized_future_repurchases_as_of_date

未確認

share_treasury_policy

old cohort only ordinary outstanding; hypothetical buybacks are held in treasury, no future cancellations; no company cash represented by SBC dilution; no secondary trust purchases modeled

commitment_FCBGA_capex_oku

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sejong

42700

vietnam

25100

total

67800

allocation_forecast

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2027

sejong: 3500
vietnam: 1000

2028

sejong: 24000
vietnam: 7000

2029

sejong: 15200
vietnam: 10000

2030

sejong: 0
vietnam: 6000

2031

sejong: 0
vietnam: 1100

customer_cash_support_disclosed_without_amount

zero contract advances included in core case, avoid free-money double count

jv_2026_11_05

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total_subscription_oku: 3191
issuer_parent_cash_oku: 2391
issuer_parent_in_kind_oku: 800
ownership_pct: 0.662
partner_subscription_oku_inferred: 1630
consolidation_assumption: partner 1630 oku recognized as external NCI equity and consolidated cash before cutoff; parent 2391 internal cash transfer and 800 in-kind have zero group cash effect; if non-cash or consolidation delayed this bridge changes
put_call_options: deadlock call/put after 5 years; fair values unquantified not booked in projection

equity_accounting

parent book equity=P0+parent NI after SBC+SBC reserve credit-common/pref declared dividend-common buyback+OCI; NCI independently retained

評価根拠の詳細

current_common_price_krw

870000

year_2025_parent_profit_oku

7061

TTM_parent_profit_2025Q4_to_2026Q3_oku

12564

TTM_ordinary_plus_preferred_EPS_KRW

16630.652

spot_TTM_PE_indicator_only_not_terminal_used

52.313

terminal_formula

not_used

1: current market P/E terminal target
2: analyst price target
3: future stock quote to determine terminal market cap

scenario_fair_value_krw_per_initial_share

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very_bearish: 8223.095
bearish: 85680.465
neutral: 353806.898
bullish: 867906.683
very_bullish: 1938391.23

disputed_desktop_894000_quote_sensitivity_only

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alternative_price_krw

894000

price_not_used_in_basis

はい

alternative_initial_ordinary_common_market_value_oku

649881.64224

case_IRR_at_alternative_buy_price_no_operating_changes

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very_bearish: -0.492131540799
bearish: -0.12274907982
neutral: 0.009520902178
bullish: 0.097514810246
very_bullish: 0.190887637349

weighted_mean_of_alternative_price_case_IRRs

-0.031362883389

説明

分析基準とデータ

価格・単価: 870000
単価の単位: KRW per ordinary common share
株価の出所: 会社IRの日付別株価表で2026-11-06終値870,000 KRWを確認。11月8日付の現在値894,000は異なる時点。KRX原票の直接取得は未完了。
price_status: 2026-11-06 observed company primary historical price; KRX direct independently unverified
株数: 72693696
shares_definition: initial non-treasury ordinary common shares only, not preferred shares; entire opening cohort
終価: 632435.1552
initial_ordinary_common_holder_cohort_market_value_oku: 632435.1552
issued_common_shares: 74693696
treasury_common_shares: 2000000
issued_preferred_shares: 2906984
treasury_preferred_shares: 53430
preferred_outstanding_shares: 2853554
preferred_2026_11_06_price_krw_secondary: 315500
equity_class_holders: all opening ordinary common holders are assumed to buy at close; listed nonvoting preferred shareholders are excluded

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分析に使用した資料

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