by Lee Changhwan
Published 14 Apr.2026 08:05(KST)
On April 14, NH Investment & Securities maintained its "Buy" investment rating and target price of 120,000 won for Youngone Corporation, stating that the company is expected to continue its sales growth trend in the first half of this year.
Jung Jiyoon, a researcher at NH Investment & Securities, said, "Despite the sluggish global fashion market, Youngone Corporation's original equipment manufacturing (OEM) sales grew by 12% year-on-year in dollar terms last year, demonstrating outstanding performance. As of the end of last year, OEM inventory assets also increased by 9% compared to the previous year, which is expected to have a positive effect on first-half sales."
Jung further explained, "Sales from the four largest clients grew by 4%, 24%, 55%, and 4% year-on-year, respectively, while sales from other clients (accounting for 42% of total sales, excluding the top four) also increased by 15%. Not only has the outdoor brand Arc'teryx reached a double-digit share of total sales, but also new clients such as the running brand On Holdings have been added, which will further solidify the company's fundamentals."
She added, "On a consolidated basis, first-quarter sales are expected to reach 886.2 billion won (up 9%), with operating profit of 104 billion won (up 26%), in line with previous forecasts and market expectations."
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