현대백화점그룹, 한섬·지누스 재편과 주주가치 개선 과제
현대백화점그룹이 한섬과 지누스에 대규모 투자를 집행한 뒤 지배구조 개편을 진행한 가운데, 한섬의 자사주 소각과 계열사 재편 성과가 주목받고 있다.
Shareholder perspective 계열사 편입과 지분 구조 변화, 자사주 소각은 그룹 지배구조와 소수주주 가치에 직접 영향을 줄 수 있다.
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Consolidated · includes subsidiaries
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | 3,415.2 × 100M KRW | 6,027.5 × 100M KRW | 6,217.6 × 100M KRW | 8,171.4 × 100M KRW | 9,895.2 × 100M KRW | 1.1T KRW | 1.2T KRW | 9,522.8 × 100M KRW | 9,204 × 100M KRW | 9,131.8 × 100M KRW |
| Operating profit | 813.5 × 100M KRW | 872 × 100M KRW | 530.9 × 100M KRW | 1,038.7 × 100M KRW | 867.2 × 100M KRW | 743.4 × 100M KRW | 655.6 × 100M KRW | 183.4 × 100M KRW | -54.5 × 100M KRW | 254.8 × 100M KRW |
| Net income | 626.2 × 100M KRW | 451.5 × 100M KRW | 436.1 × 100M KRW | 724.3 × 100M KRW | 457.9 × 100M KRW | 516.6 × 100M KRW | 293.7 × 100M KRW | 53 × 100M KRW | -68 × 100M KRW | -185.1 × 100M KRW |
| Operating margin | 23.82% | 14.47% | 8.54% | 12.71% | 8.76% | 6.61% | 5.65% | 1.93% | -0.59% | 2.79% |
| Balance sheet | ||||||||||
| Total assets | 2,464.9 × 100M KRW | 3,403.7 × 100M KRW | 5,147.8 × 100M KRW | 7,550.7 × 100M KRW | 8,968.1 × 100M KRW | 1T KRW | 1.1T KRW | 1T KRW | 1.2T KRW | 1.1T KRW |
| Total liabilities | 1,530 × 100M KRW | 2,088.3 × 100M KRW | 3,385.3 × 100M KRW | 3,809.2 × 100M KRW | 4,823.9 × 100M KRW | 5,404.1 × 100M KRW | 4,886.6 × 100M KRW | 4,156.4 × 100M KRW | 5,194.6 × 100M KRW | 4,237.5 × 100M KRW |
| Total equity | 934.8 × 100M KRW | 1,315.4 × 100M KRW | 1,762.5 × 100M KRW | 3,741.4 × 100M KRW | 4,144.1 × 100M KRW | 4,782.3 × 100M KRW | 6,261.6 × 100M KRW | 6,257.6 × 100M KRW | 6,727.6 × 100M KRW | 6,493.7 × 100M KRW |
| Cash flow statement | ||||||||||
| Operating cash flow | - | - | - | - | - | - | - | - | - | 2,167.1 × 100M KRW |
| Investing cash flow | - | - | - | - | - | - | - | - | - | -440.7 × 100M KRW |
| Financing cash flow | - | - | - | - | - | - | - | - | - | -1,051.3 × 100M KRW |
| Investment indicators | ||||||||||
| ROE | 66.98% | 34.33% | 24.74% | 19.36% | 11.05% | 10.80% | 4.69% | 0.85% | -1.01% | -2.85% |
| Debt-to-equity ratio | 163.67% | 158.76% | 192.08% | 101.81% | 116.40% | 113.00% | 78.04% | 66.42% | 77.21% | 65.26% |
| Separate total assets | - | - | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - |
| PER | - | - | - | - | - | - | - | - | - | - |
| PBR | - | - | - | - | - | - | - | - | - | - |
| Dividend per share | - | - | - | KRW 1,250 | KRW 800 | KRW 850 | KRW 530 | KRW 90 | KRW 90 | KRW 90 |
| Detailed accounts | ||||||||||
| Current assets | - | - | 3,643.3 × 100M KRW | - | - | 6,514.3 × 100M KRW | - | - | 6,560.3 × 100M KRW | 6,259 × 100M KRW |
| Non-current assets | - | - | 1,504.5 × 100M KRW | - | - | 3,672.1 × 100M KRW | - | - | 5,361.9 × 100M KRW | 4,472.2 × 100M KRW |
| Current liabilities | - | - | 2,566.1 × 100M KRW | - | - | 4,383.6 × 100M KRW | - | - | 4,290.9 × 100M KRW | 3,224.6 × 100M KRW |
| Non-current liabilities | - | - | 819.2 × 100M KRW | - | - | 1,020.5 × 100M KRW | - | - | 903.8 × 100M KRW | 1,012.9 × 100M KRW |
| Equity attributable to owners | - | - | - | - | - | - | - | - | - | 6,493.7 × 100M KRW |
| Share capital | - | - | 62.2 × 100M KRW | - | - | 79 × 100M KRW | - | - | 113.6 × 100M KRW | 113.6 × 100M KRW |
| Other equity | - | - | - | - | - | - | - | - | - | 2,398.2 × 100M KRW |
| Accumulated other comprehensive income | - | - | - | - | - | - | - | - | - | 890.7 × 100M KRW |
| Retained earnings | - | - | 1,786.9 × 100M KRW | - | - | 3,343.9 × 100M KRW | - | - | 3,289.9 × 100M KRW | 3,091.2 × 100M KRW |
| Non-controlling interests | - | - | - | - | - | - | - | - | - | KRW 0 |
ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.
| Category | Location | Use | Area | Book value | Assessed land value |
|---|---|---|---|---|---|
| Building Unverified | Location unknown | - | - | 1,561 × 100M KRW | - |
| Land Unverified | Location unknown | 사용권자산(토지사용권/차지권) | - | 437 × 100M KRW | - |
| Building Unverified | Location unknown | 사용권자산 | - | 342 × 100M KRW | - |
| Land Unverified | Location unknown | - | - | 141 × 100M KRW | - |
| 투자부동산 Unverified | Location unknown | 임대용 | - | 6 × 100M KRW | 6 × 100M KRW |
| Holder | Holding ratio | Change in ownership | Reason for filing | Filing date |
|---|---|---|---|---|
| 리빙모어 | 8.08% | +1.20% | 1% 추가보유 | 2026-08-03 |
| 노경열 | 9.23% | +1.82% | 지분병동 | 2026-06-04 |
| 노경열 | 7.41% | +2.41% | 지분변동 | 2026-05-04 |
| 리빙모어 | 6.88% | +0.80% | 2대주주 | 2026-03-20 |
| 노경열 | 5.00% | +0.07% | 신규 | 2026-03-18 |
| 리빙모어 | 6.08% | +1.00% | 1% 추가 보유 | 2026-03-06 |
| 리빙모어 | 5.08% | +0.13% | 5%이상 신규취득 | 2026-01-08 |
| 현대백화점 | 44.85% | +0.07% | 무상증자에 따른 주식수 변동 | 2024-11-27 |
| 현대백화점 | 44.78% | +0.95% | 특별관계자 변동 | 2024-11-07 |
| Auditor | Type | Term start | Term end | Tenure | D-day |
|---|---|---|---|---|---|
| 공영칠 | Audit committee member | - | 2027.03.20 | 4 years | D-136 |
| 심상비 | Audit committee member | - | 2027.03.20 | 4 years | D-136 |
| 송돈헌 | Audit committee member | - | 2028.03.23 | 4 years | D-505 |
| Name | Position | Category | Age | Term end |
|---|---|---|---|---|
| 심상비 | 독립이사 | 독립이사 | Age 63 | D-136 |
| 송돈헌 | 독립이사 | 독립이사 | Age 61 | D-505 |
| 공영칠 | 독립이사 | 독립이사 | Age 58 | D-136 |
| 정백재 | 대표이사 | Inside director | Age 57 | D-136 |
| 윤영식 | 이사 | Inside director | Age 57 | D-136 |
| 윤종원 | 부사장 | Inside director | Age 52 | D-136 |
현대백화점그룹이 한섬과 지누스에 대규모 투자를 집행한 뒤 지배구조 개편을 진행한 가운데, 한섬의 자사주 소각과 계열사 재편 성과가 주목받고 있다.
Shareholder perspective 계열사 편입과 지분 구조 변화, 자사주 소각은 그룹 지배구조와 소수주주 가치에 직접 영향을 줄 수 있다.