Woojin Decides to Expand Dividends and Buyback & Cancel Treasury Shares... "Strengthening Shareholder Value Priority Policy"

Woojine, a specialized company in industrial precision measuring instruments, is enhancing shareholder value through dividend increases and share repurchase and cancellation.

Woojine announced on the 20th that it held a board meeting and decided to increase the year-end dividend from the existing 150 KRW per share to 200 KRW per share. In recent years, Woojine has strengthened its shareholder return policy by expanding year-end dividends and introducing interim dividends. This reflects the company's intention to share the results of business growth and performance improvement through an active shareholder return policy.

Along with the dividend increase, Woojine will also proceed with the acquisition and cancellation of treasury shares worth 1 billion KRW. Since treasury share cancellation has the effect of increasing key investment indicators such as earnings per share (EPS) and book value per share (BPS), it is expected to have a positive impact on enhancing shareholder value.

Woojine continues to maintain solid performance growth based on the increased operation of nuclear power plants and its monopolistic business position. Its main products, in-core nuclear instruments (ICI) and rod position transmitters (RSPT), are core measurement devices for nuclear power plants and are exclusively supplied by Woojine in Korea. In particular, these main products require regular replacement, enabling stable performance.

A Woojine official said, "The strengthening of the shareholder return policy reflects the management's will to share the achievements of steady performance growth and sound financial structure based on unique technological capabilities. Starting with this decision to enhance shareholder value, we are positively considering expanding interim dividends in the first half of this year and gradually repurchasing treasury shares annually, which will also help improve shareholder value in the mid to long term."

He added, "Going forward, we will maintain continuous growth through participation in Shinhanul Units 3 and 4 and the Small Modular Reactor (SMR) project, while also strengthening shareholder return and shareholder-friendly policies."

Meanwhile, Woojine is expanding investment and research and development in the SMR business, which is gaining more attention due to the expansion of the artificial intelligence (AI) industry that consumes a large amount of power. In addition, under active cooperation with related companies, Woojine is developing core equipment for SMRs and is participating in the government-led innovative Small Modular Reactor (i-SMR) technology development project.

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