[Click eStock] "TONYMOLY Q1 Earnings Expected to Meet Estimates... Anticipated 'Rapid Profit Strength Increase'"

Hana Securities evaluated TONYMOLY on the 2nd, stating, "The first-quarter earnings this year are expected to generally meet market expectations," and "Profitability is anticipated to surge significantly." No investment opinion or target price was provided.

On the same day, Eunjeong Park, a researcher at Hana Securities, said, "TONYMOLY's first-quarter earnings are expected to show consolidated sales of 41.6 billion KRW and operating profit of 2.7 billion KRW, representing increases of 33% and 401%, respectively, compared to the same period last year," adding, "Profitability is expected to surge through three pillars: expansion of growth channels (health & beauty, online), increased overseas exports, and growth in subsidiary contract manufacturing (ODM) scale."

She explained, "This year's performance is forecasted to reach consolidated sales of 189.3 billion KRW and operating profit of 18.4 billion KRW, growing 25% and 91% year-on-year, respectively," and "domestically, growth is expected due to expansion in growth channels (full-scale openings in Olive Young and Daiso) and an increase in tourists. Overseas, channel expansion and collaborative product launches in China, the United States, and Japan are anticipated."

The U.S. is expanding its entry channels, and sales on Amazon are increasing as brand awareness grows. In Japan, sales temporarily declined last year due to a change in the supplier, but this year, with expanded channels and product lines, the scale is expected to grow.

Researcher Park added, "Subsidiary Megacos is expected to surpass 50 billion KRW in sales and exceed a 10% operating profit margin due to increased volume of indie brands and global clients," and "Both the core business and subsidiary are expected to see simultaneous profitability improvements this year. The current market capitalization is around 200 billion KRW."

This content was produced with the assistance of AI translation services.