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에스와이 KOSDAQ

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Notes Naver Finance

Meeting voting results

Annual 2026.03.27

Participation 34.1% Minority 0.0% Max. opposition 0.0% DART

1 제26기(2025.01.01~2025.12.31) 재무제표 및 연결재무제표 승인의 건 Approved Approval 100.0%
2 정관일부 변경의 건 Approved Approval 100.0%
3-1 이사 선임의 건 (사내이사 홍성부) Approved Approval 100.0%
4 이사 보수한도 승인의 건 Approved Approval 100.0%
5 감사 보수한도 승인의 건 Approved Approval 100.0%

Previous meeting results

Financial indicators

Market cap

810 × 100M KRW

Approx. 791 × 100M KRW excluding treasury shares

PBR

0.48

PER

ROE

-8.24%

Dividend yield

Debt-to-equity ratio

93.2%

Share price history

Share price

Daily close

Latest close

5-year high

5-year low

Use the period buttons above to adjust the range.

Shareholder distribution

Based on 2026 Semiannual report (2026-06-30)

Controlling shareholders total

34.70%

Minority shareholders (excl. related parties)

59.53%

Large outside holders (1%+)

3.42% (4 people)

Treasury shares

2.35%

Total shareholders

22,653 people

Annual earnings Trend

Financial statements

Consolidated · includes subsidiaries

에스와이 — Annual Consolidated Financial statements
Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Income statement
Revenue	-	2,383.5 × 100M KRW	2,617.2 × 100M KRW	3,061.2 × 100M KRW	3,935 × 100M KRW	4,199.3 × 100M KRW	3,801.1 × 100M KRW	3,100.7 × 100M KRW	4,241 × 100M KRW	5,372 × 100M KRW	5,536.7 × 100M KRW	5,610.1 × 100M KRW	5,015.5 × 100M KRW
Operating profit	-	89.4 × 100M KRW	149.6 × 100M KRW	92.4 × 100M KRW	95.2 × 100M KRW	91.3 × 100M KRW	-84.1 × 100M KRW	-124.6 × 100M KRW	141.1 × 100M KRW	140.2 × 100M KRW	135.6 × 100M KRW	219.3 × 100M KRW	-66.3 × 100M KRW
Net income	-	46.6 × 100M KRW	76.8 × 100M KRW	15.9 × 100M KRW	4.9 × 100M KRW	14.5 × 100M KRW	-162.3 × 100M KRW	-290.5 × 100M KRW	90.2 × 100M KRW	80.5 × 100M KRW	-95.4 × 100M KRW	63.2 × 100M KRW	-158.7 × 100M KRW
Operating margin	-	3.75%	5.71%	3.02%	2.42%	2.17%	-2.21%	-4.02%	3.33%	2.61%	2.45%	3.91%	-1.32%
Balance sheet
Total assets	1,518.4 × 100M KRW	1,757.8 × 100M KRW	2,173 × 100M KRW	2,744.9 × 100M KRW	3,430 × 100M KRW	3,349.8 × 100M KRW	3,616 × 100M KRW	3,469.8 × 100M KRW	3,874.2 × 100M KRW	4,184.2 × 100M KRW	4,264.3 × 100M KRW	4,333.8 × 100M KRW	4,770.7 × 100M KRW
Total liabilities	1,226.4 × 100M KRW	1,453.2 × 100M KRW	1,666.7 × 100M KRW	2,179.5 × 100M KRW	2,291.4 × 100M KRW	2,123.6 × 100M KRW	2,399.2 × 100M KRW	1,898.9 × 100M KRW	2,047 × 100M KRW	2,292.2 × 100M KRW	2,306.9 × 100M KRW	2,375.1 × 100M KRW	2,300.8 × 100M KRW
Total equity	291.9 × 100M KRW	304.5 × 100M KRW	506.3 × 100M KRW	565.5 × 100M KRW	1,138.6 × 100M KRW	1,226.2 × 100M KRW	1,216.9 × 100M KRW	1,570.9 × 100M KRW	1,827.1 × 100M KRW	1,892 × 100M KRW	1,957.4 × 100M KRW	1,958.8 × 100M KRW	2,469.9 × 100M KRW
Cash flow statement
Operating cash flow	-	-	-	-	-	-	-	-	-	-	-	78.4 × 100M KRW	-152.8 × 100M KRW
Investing cash flow	-	-	-	-	-	-	-	-	-	-	-	-262.1 × 100M KRW	-222.2 × 100M KRW
Financing cash flow	-	-	-	-	-	-	-	-	-	-	-	44.1 × 100M KRW	636.2 × 100M KRW
Investment indicators
ROE	-	15.29%	15.18%	2.82%	0.43%	1.18%	-13.34%	-18.49%	4.94%	4.25%	-4.87%	3.23%	-6.42%
Debt-to-equity ratio	420.12%	477.20%	329.22%	385.43%	201.26%	173.18%	197.16%	120.88%	112.03%	121.15%	117.85%	121.25%	93.15%
Separate total assets	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-
PER	-	-	-	-	-	-	-	-	-	-	-	-	-
PBR	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend per share	-	-	-	KRW 150	-	-	-	-	-	-	-	-	KRW 50
Detailed accounts
Current assets	-	-	997.4 × 100M KRW	-	-	1,692.4 × 100M KRW	-	-	2,079.7 × 100M KRW	-	-	2,171 × 100M KRW	2,654.9 × 100M KRW
Non-current assets	-	-	1,175.7 × 100M KRW	-	-	1,657.4 × 100M KRW	-	-	1,794.5 × 100M KRW	-	-	2,132.3 × 100M KRW	2,083.6 × 100M KRW
Current liabilities	-	-	1,207.6 × 100M KRW	-	-	1,649.6 × 100M KRW	-	-	1,675.5 × 100M KRW	-	-	2,099.1 × 100M KRW	2,029 × 100M KRW
Non-current liabilities	-	-	459.2 × 100M KRW	-	-	474 × 100M KRW	-	-	371.5 × 100M KRW	-	-	276 × 100M KRW	271.8 × 100M KRW
Equity attributable to owners	-	-	-	-	-	-	-	-	-	-	-	1,689.6 × 100M KRW	1,738.3 × 100M KRW
Share capital	-	-	31 × 100M KRW	-	-	124.7 × 100M KRW	-	-	244.5 × 100M KRW	-	-	244.5 × 100M KRW	244.5 × 100M KRW
Capital surplus	-	-	-	-	-	-	-	-	-	-	-	1,247.3 × 100M KRW	747.3 × 100M KRW
Other equity	-	-	-	-	-	-	-	-	-	-	-	-169.2 × 100M KRW	53.6 × 100M KRW
Accumulated other comprehensive income	-	-	-	-	-	-	-	-	-	-	-	254.3 × 100M KRW	242.7 × 100M KRW
Retained earnings	-	-	339.8 × 100M KRW	-	-	382.5 × 100M KRW	-	-	110.3 × 100M KRW	-	-	112.6 × 100M KRW	450.1 × 100M KRW
Non-controlling interests	-	-	-	-	-	-	-	-	-	-	-	269.2 × 100M KRW	731.6 × 100M KRW

ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.

에스와이 — Quarterly Consolidated Financial statements
Item	24/3	24/6	24/9	24/12	25/3	25/6	25/9	25/12	26/3	26/6
Income statement
Revenue	1,379.8 × 100M KRW	1,516.6 × 100M KRW	1,260.2 × 100M KRW	1,453.5 × 100M KRW	1,163 × 100M KRW	1,359.4 × 100M KRW	1,165.8 × 100M KRW	1,327.4 × 100M KRW	1,263 × 100M KRW	1,524 × 100M KRW
Operating profit	61.7 × 100M KRW	59.5 × 100M KRW	43.6 × 100M KRW	54.6 × 100M KRW	-20.1 × 100M KRW	-8,814 × 10,000 KRW	-9.5 × 100M KRW	-35.8 × 100M KRW	-12.1 × 100M KRW	-
Net income	21.7 × 100M KRW	14.1 × 100M KRW	29.5 × 100M KRW	-2 × 100M KRW	-37 × 100M KRW	-32.2 × 100M KRW	-23.8 × 100M KRW	-65.7 × 100M KRW	-39.1 × 100M KRW	-
Operating margin	4.47%	3.92%	3.46%	3.75%	-1.73%	-0.06%	-0.82%	-2.69%	-0.96%	-
Balance sheet
Total assets	4,505.8 × 100M KRW	4,610.5 × 100M KRW	4,406.2 × 100M KRW	4,333.8 × 100M KRW	4,461.6 × 100M KRW	4,404.8 × 100M KRW	4,897.8 × 100M KRW	4,770.7 × 100M KRW	4,985.7 × 100M KRW	5,380.8 × 100M KRW
Total liabilities	2,530.7 × 100M KRW	2,660.8 × 100M KRW	2,436 × 100M KRW	2,375.1 × 100M KRW	2,306.8 × 100M KRW	2,282.6 × 100M KRW	2,414 × 100M KRW	2,300.8 × 100M KRW	2,561.5 × 100M KRW	3,012.8 × 100M KRW
Total equity	1,975.1 × 100M KRW	1,949.6 × 100M KRW	1,970.2 × 100M KRW	1,958.8 × 100M KRW	2,154.7 × 100M KRW	2,122.1 × 100M KRW	2,483.8 × 100M KRW	2,469.9 × 100M KRW	2,424.2 × 100M KRW	2,368 × 100M KRW
Cash flow statement
Operating cash flow	-58.1 × 100M KRW	-63.5 × 100M KRW	35.9 × 100M KRW	164.1 × 100M KRW	-216.3 × 100M KRW	19.5 × 100M KRW	-216.2 × 100M KRW	260.2 × 100M KRW	-227.2 × 100M KRW	-423.1 × 100M KRW
Investing cash flow	-75 × 100M KRW	-103.7 × 100M KRW	-33.7 × 100M KRW	-49.6 × 100M KRW	-21.3 × 100M KRW	-20.9 × 100M KRW	-235.1 × 100M KRW	55.2 × 100M KRW	-40.2 × 100M KRW	-3 × 100M KRW
Financing cash flow	89.4 × 100M KRW	74.9 × 100M KRW	-83.2 × 100M KRW	-37.1 × 100M KRW	206.8 × 100M KRW	19.5 × 100M KRW	536.7 × 100M KRW	-126.8 × 100M KRW	152 × 100M KRW	435.3 × 100M KRW
Investment indicators
Debt-to-equity ratio	128.13%	136.48%	123.64%	121.25%	107.06%	107.56%	97.19%	93.15%	105.67%	127.23%
EPS	-	-	-	-	-	-	-	-	-	-
Detailed accounts
Current assets	2,529.3 × 100M KRW	2,554.9 × 100M KRW	2,352.2 × 100M KRW	2,171 × 100M KRW	2,298.4 × 100M KRW	2,276.6 × 100M KRW	2,774.1 × 100M KRW	2,654.9 × 100M KRW	2,868.7 × 100M KRW	3,214.4 × 100M KRW
Non-current assets	1,976.5 × 100M KRW	2,055.6 × 100M KRW	2,054 × 100M KRW	2,132.3 × 100M KRW	2,132.6 × 100M KRW	2,097.7 × 100M KRW	2,093.1 × 100M KRW	2,083.6 × 100M KRW	2,089.1 × 100M KRW	2,138.4 × 100M KRW
Current liabilities	2,097.8 × 100M KRW	2,293.1 × 100M KRW	2,190 × 100M KRW	2,099.1 × 100M KRW	1,914.3 × 100M KRW	1,914.2 × 100M KRW	2,114.4 × 100M KRW	2,029 × 100M KRW	2,302.5 × 100M KRW	2,638.1 × 100M KRW
Non-current liabilities	432.9 × 100M KRW	367.7 × 100M KRW	246 × 100M KRW	276 × 100M KRW	392.5 × 100M KRW	368.4 × 100M KRW	299.6 × 100M KRW	271.8 × 100M KRW	259 × 100M KRW	374.7 × 100M KRW
Equity attributable to owners	1,734.9 × 100M KRW	1,700.2 × 100M KRW	1,715.1 × 100M KRW	1,689.6 × 100M KRW	1,839.9 × 100M KRW	1,807.4 × 100M KRW	1,797.5 × 100M KRW	1,738.3 × 100M KRW	1,676.9 × 100M KRW	1,639.8 × 100M KRW
Share capital	244.5 × 100M KRW	244.5 × 100M KRW	244.5 × 100M KRW	244.5 × 100M KRW	244.5 × 100M KRW	244.5 × 100M KRW	244.5 × 100M KRW	244.5 × 100M KRW	244.5 × 100M KRW	244.5 × 100M KRW
Capital surplus	1,098.6 × 100M KRW	1,247.3 × 100M KRW	1,247.3 × 100M KRW	1,247.3 × 100M KRW	747.3 × 100M KRW	747.3 × 100M KRW	747.3 × 100M KRW	747.3 × 100M KRW	747.3 × 100M KRW	747.3 × 100M KRW
Other equity	290.3 × 100M KRW	-163.1 × 100M KRW	-163.1 × 100M KRW	-169.2 × 100M KRW	14.5 × 100M KRW	14.5 × 100M KRW	52.8 × 100M KRW	53.6 × 100M KRW	28.9 × 100M KRW	28.9 × 100M KRW
Accumulated other comprehensive income	-	263.3 × 100M KRW	257.8 × 100M KRW	254.3 × 100M KRW	261.3 × 100M KRW	260.1 × 100M KRW	253.9 × 100M KRW	242.7 × 100M KRW	239.9 × 100M KRW	235.1 × 100M KRW
Retained earnings	101.5 × 100M KRW	108.1 × 100M KRW	128.4 × 100M KRW	112.6 × 100M KRW	572.2 × 100M KRW	541 × 100M KRW	498.9 × 100M KRW	450.1 × 100M KRW	416.2 × 100M KRW	383.9 × 100M KRW
Non-controlling interests	240.2 × 100M KRW	249.4 × 100M KRW	255.1 × 100M KRW	269.2 × 100M KRW	314.8 × 100M KRW	314.7 × 100M KRW	686.2 × 100M KRW	731.6 × 100M KRW	747.3 × 100M KRW	728.3 × 100M KRW

Income figures cover the quarter, not the year to date. Balance sheet figures are quarter-end balances.

Quarterly cash flow is calculated from changes in cumulative totals.

ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.

Separate · this company only

에스와이 — Annual Separate Financial statements
Item	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Income statement
Revenue	-	1,513.4 × 100M KRW	1,656.2 × 100M KRW	1,818 × 100M KRW	2,986.4 × 100M KRW	3,430.3 × 100M KRW	2,949.2 × 100M KRW	2,249.4 × 100M KRW	3,193.9 × 100M KRW	4,014.4 × 100M KRW	3,924.2 × 100M KRW	3,811 × 100M KRW	3,429.2 × 100M KRW
Operating profit	-	42.7 × 100M KRW	99.8 × 100M KRW	64.9 × 100M KRW	71.5 × 100M KRW	66.6 × 100M KRW	-115.4 × 100M KRW	-7.9 × 100M KRW	108.2 × 100M KRW	39.4 × 100M KRW	178 × 100M KRW	124.5 × 100M KRW	-86 × 100M KRW
Net income	-	20.5 × 100M KRW	63.2 × 100M KRW	19.7 × 100M KRW	19.9 × 100M KRW	42.2 × 100M KRW	-185.8 × 100M KRW	-274.5 × 100M KRW	71.7 × 100M KRW	24.6 × 100M KRW	-11.1 × 100M KRW	7.2 × 100M KRW	20.6 × 100M KRW
Operating margin	-	2.82%	6.03%	3.57%	2.40%	1.94%	-3.91%	-0.35%	3.39%	0.98%	4.54%	3.27%	-2.51%
Balance sheet
Total assets	860.6 × 100M KRW	1,032.5 × 100M KRW	1,193.1 × 100M KRW	1,447 × 100M KRW	2,816.2 × 100M KRW	2,647.2 × 100M KRW	2,848.7 × 100M KRW	2,634 × 100M KRW	3,017.6 × 100M KRW	3,086.2 × 100M KRW	3,143.7 × 100M KRW	3,163.5 × 100M KRW	3,222.7 × 100M KRW
Total liabilities	630.1 × 100M KRW	782.2 × 100M KRW	751.9 × 100M KRW	1,025.1 × 100M KRW	1,800.5 × 100M KRW	1,541.1 × 100M KRW	1,835.1 × 100M KRW	1,260.7 × 100M KRW	1,422.5 × 100M KRW	1,468.4 × 100M KRW	1,511.9 × 100M KRW	1,538.5 × 100M KRW	1,609.1 × 100M KRW
Total equity	230.5 × 100M KRW	250.4 × 100M KRW	441.2 × 100M KRW	422 × 100M KRW	1,015.8 × 100M KRW	1,106.1 × 100M KRW	1,013.6 × 100M KRW	1,373.3 × 100M KRW	1,595.1 × 100M KRW	1,617.8 × 100M KRW	1,631.8 × 100M KRW	1,625.1 × 100M KRW	1,613.6 × 100M KRW
Cash flow statement
Operating cash flow	-	-	-	-	-	-	-	-	-	-	-	98 × 100M KRW	-20.8 × 100M KRW
Investing cash flow	-	-	-	-	-	-	-	-	-	-	-	-208.4 × 100M KRW	43.8 × 100M KRW
Financing cash flow	-	-	-	-	-	-	-	-	-	-	-	104 × 100M KRW	-62.8 × 100M KRW
Investment indicators
ROE	-	8.17%	14.32%	4.67%	1.96%	3.81%	-18.33%	-19.99%	4.50%	1.52%	-0.68%	0.45%	1.27%
Debt-to-equity ratio	273.40%	312.42%	170.43%	242.93%	177.25%	139.33%	181.04%	91.80%	89.18%	90.77%	92.65%	94.67%	99.72%
Separate total assets	-	-	-	-	-	-	-	-	-	-	-	-	-
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-
PER	-	-	-	-	-	-	-	-	-	-	-	-	-
PBR	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend per share	-	-	-	KRW 150	-	-	-	-	-	-	-	-	KRW 50
Detailed accounts
Current assets	-	-	549.9 × 100M KRW	-	-	1,257 × 100M KRW	-	-	1,612.8 × 100M KRW	-	-	1,409 × 100M KRW	1,472.3 × 100M KRW
Non-current assets	-	-	643.1 × 100M KRW	-	-	1,390.2 × 100M KRW	-	-	1,404.9 × 100M KRW	-	-	1,724 × 100M KRW	1,722.4 × 100M KRW
Current liabilities	-	-	660.3 × 100M KRW	-	-	1,266.1 × 100M KRW	-	-	1,222.6 × 100M KRW	-	-	1,347.7 × 100M KRW	1,424.4 × 100M KRW
Non-current liabilities	-	-	91.6 × 100M KRW	-	-	275 × 100M KRW	-	-	199.9 × 100M KRW	-	-	190.8 × 100M KRW	184.7 × 100M KRW
Share capital	-	-	31 × 100M KRW	-	-	124.7 × 100M KRW	-	-	244.5 × 100M KRW	-	-	244.5 × 100M KRW	244.5 × 100M KRW
Capital surplus	-	-	-	-	-	-	-	-	-	-	-	1,247.3 × 100M KRW	747.3 × 100M KRW
Other equity	-	-	-	-	-	-	-	-	-	-	-	-88.7 × 100M KRW	-91.7 × 100M KRW
Accumulated other comprehensive income	-	-	-	-	-	-	-	-	-	-	-	185.3 × 100M KRW	180.4 × 100M KRW
Retained earnings	-	-	306.1 × 100M KRW	-	-	382.4 × 100M KRW	-	-	32.5 × 100M KRW	-	-	36.5 × 100M KRW	533 × 100M KRW

ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.

에스와이 — Quarterly Separate Financial statements
Item	24/3	24/6	24/9	24/12	25/3	25/6	25/9	25/12	26/3	26/6
Income statement
Revenue	-	-	-	-	-	-	-	-	896.6 × 100M KRW	-
Operating profit	-	-	-	-	-	-	-	-	-19.1 × 100M KRW	-
Net income	-	-	-	-	-	-	-	-	-43.7 × 100M KRW	-
Operating margin	-	-	-	-	-	-	-	-	-2.13%	-
Balance sheet
Total assets	-	-	-	-	-	-	-	-	3,372.5 × 100M KRW	-
Total liabilities	-	-	-	-	-	-	-	-	1,802.2 × 100M KRW	-
Total equity	-	-	-	-	-	-	-	-	1,570.3 × 100M KRW	-
Cash flow statement
Operating cash flow	-	-	-	-	-	-	-	-	-264 × 100M KRW	-
Investing cash flow	-	-	-	-	-	-	-	-	2.3 × 100M KRW	-
Financing cash flow	-	-	-	-	-	-	-	-	161.4 × 100M KRW	-
Investment indicators
Debt-to-equity ratio	-	-	-	-	-	-	-	-	114.77%	-
EPS	-	-	-	-	-	-	-	-	-	-
Detailed accounts
Current assets	-	-	-	1,409 × 100M KRW	-	-	-	1,472.3 × 100M KRW	1,616.4 × 100M KRW	-
Non-current assets	-	-	-	1,724 × 100M KRW	-	-	-	1,722.4 × 100M KRW	1,728.2 × 100M KRW	-
Current liabilities	-	-	-	1,347.7 × 100M KRW	-	-	-	1,424.4 × 100M KRW	1,623.4 × 100M KRW	-
Non-current liabilities	-	-	-	190.8 × 100M KRW	-	-	-	184.7 × 100M KRW	178.8 × 100M KRW	-
Share capital	-	-	-	244.5 × 100M KRW	-	-	-	244.5 × 100M KRW	244.5 × 100M KRW	-
Capital surplus	-	-	-	1,247.3 × 100M KRW	-	-	-	747.3 × 100M KRW	747.3 × 100M KRW	-
Other equity	-	-	-	-88.7 × 100M KRW	-	-	-	-91.7 × 100M KRW	-91.7 × 100M KRW	-
Accumulated other comprehensive income	-	-	-	185.3 × 100M KRW	-	-	-	180.4 × 100M KRW	180.8 × 100M KRW	-
Retained earnings	-	-	-	36.5 × 100M KRW	-	-	-	533 × 100M KRW	489.3 × 100M KRW	-

Income figures cover the quarter, not the year to date. Balance sheet figures are quarter-end balances.

Quarterly cash flow is calculated from changes in cumulative totals.

ROE is net income divided by closing equity. PER and PBR are omitted when the accounting scope or price date is unverified.

Legacy summaries and estimates; may include data with unverified accounting scope.

에스와이 — Annual Legacy summary & estimates Financial statements
Item	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023 Consolidated	2024 Consolidated	2025 Consolidated
Income statement
Revenue	2,383.5 × 100M KRW	2,617.2 × 100M KRW	3,061.2 × 100M KRW	3,935 × 100M KRW	4,199.3 × 100M KRW	3,801.1 × 100M KRW	3,100.7 × 100M KRW	4,241 × 100M KRW	5,372 × 100M KRW	5,536.7 × 100M KRW	5,610.1 × 100M KRW	5,015.5 × 100M KRW
Operating profit	89.4 × 100M KRW	149.6 × 100M KRW	92.4 × 100M KRW	95.2 × 100M KRW	91.3 × 100M KRW	-84.1 × 100M KRW	-124.6 × 100M KRW	141.1 × 100M KRW	140.2 × 100M KRW	135.6 × 100M KRW	219.3 × 100M KRW	-66.3 × 100M KRW
Net income	46.6 × 100M KRW	76.8 × 100M KRW	15.9 × 100M KRW	4.9 × 100M KRW	14.5 × 100M KRW	-162.3 × 100M KRW	-290.5 × 100M KRW	90.2 × 100M KRW	80.5 × 100M KRW	-95.4 × 100M KRW	63.2 × 100M KRW	-158.7 × 100M KRW
Operating margin	3.75%	5.71%	3.02%	2.42%	2.17%	-2.21%	-4.02%	3.33%	2.61%	2.45%	3.91%	-1.32%
Balance sheet
Total assets	-	-	-	-	-	-	-	-	-	4,264.3 × 100M KRW	4,333.8 × 100M KRW	4,770.7 × 100M KRW
Total liabilities	1,453.2 × 100M KRW	1,666.7 × 100M KRW	2,179.5 × 100M KRW	2,291.4 × 100M KRW	2,123.6 × 100M KRW	2,399.2 × 100M KRW	1,898.9 × 100M KRW	2,047 × 100M KRW	2,292.2 × 100M KRW	2,306.9 × 100M KRW	2,375.1 × 100M KRW	2,300.8 × 100M KRW
Total equity	304.5 × 100M KRW	506.3 × 100M KRW	565.5 × 100M KRW	1,138.6 × 100M KRW	1,226.2 × 100M KRW	1,216.9 × 100M KRW	1,570.9 × 100M KRW	1,827.1 × 100M KRW	1,892 × 100M KRW	1,957.4 × 100M KRW	1,958.8 × 100M KRW	2,469.9 × 100M KRW
Investment indicators
ROE	15.29%	15.18%	2.82%	0.43%	1.18%	-13.34%	-18.49%	4.94%	4.25%	-4.87%	3.23%	-6.42%
Debt-to-equity ratio	477.20%	329.22%	385.43%	201.26%	173.18%	197.16%	120.88%	112.03%	121.15%	117.85%	121.25%	93.15%
Separate total assets	-	-	-	-	-	-	-	-	-	3,143.7 × 100M KRW	3,163.5 × 100M KRW	3,222.7 × 100M KRW
EPS	-	-	-	-	-	-	-	-	KRW 166	KRW -185	KRW 70	KRW -289
PER	-	-	-	-	-	-	-	-	23.66×	-25.59×	52.97×	-10.56×
PBR	-	-	-	-	-	-	-	-	1.05	1.31	1.05	0.84
Dividend per share	-	-	KRW 150	-	-	-	-	-	-	-	-	KRW 50

에스와이 — Quarterly Legacy summary & estimates Financial statements
Item	24/3 Consolidated	24/6 Consolidated	24/9 Consolidated	24/12 Consolidated	25/3 Consolidated	25/6 Consolidated	25/9 Consolidated	25/12 Consolidated	26/3 Consolidated	26/6 Consolidated
Income statement
Revenue	1,379.8 × 100M KRW	1,516.6 × 100M KRW	1,260.2 × 100M KRW	1,453.5 × 100M KRW	1,163 × 100M KRW	1,359.4 × 100M KRW	1,165.8 × 100M KRW	1,327.4 × 100M KRW	1,263 × 100M KRW	1,524 × 100M KRW
Operating profit	61.7 × 100M KRW	59.5 × 100M KRW	43.6 × 100M KRW	54.6 × 100M KRW	-20.1 × 100M KRW	-8,814 × 10,000 KRW	-9.5 × 100M KRW	-35.8 × 100M KRW	-12.1 × 100M KRW	-
Net income	21.7 × 100M KRW	14.1 × 100M KRW	29.5 × 100M KRW	-2 × 100M KRW	-37 × 100M KRW	-32.2 × 100M KRW	-23.8 × 100M KRW	-65.7 × 100M KRW	-39.1 × 100M KRW	-
Operating margin	4.47%	3.92%	3.46%	3.75%	-1.73%	-0.06%	-0.82%	-2.69%	-0.96%	-
Balance sheet
Total assets	4,505.8 × 100M KRW	4,610.5 × 100M KRW	4,406.2 × 100M KRW	4,333.8 × 100M KRW	4,461.6 × 100M KRW	4,404.8 × 100M KRW	4,897.8 × 100M KRW	4,770.7 × 100M KRW	4,985.7 × 100M KRW	5,380.8 × 100M KRW
Total liabilities	2,530.7 × 100M KRW	2,660.8 × 100M KRW	2,436 × 100M KRW	2,375.1 × 100M KRW	2,306.8 × 100M KRW	2,282.6 × 100M KRW	2,414 × 100M KRW	2,300.8 × 100M KRW	2,561.5 × 100M KRW	3,012.8 × 100M KRW
Total equity	1,975.1 × 100M KRW	1,949.6 × 100M KRW	1,970.2 × 100M KRW	1,958.8 × 100M KRW	2,154.7 × 100M KRW	2,122.1 × 100M KRW	2,483.8 × 100M KRW	2,469.9 × 100M KRW	2,424.2 × 100M KRW	2,368 × 100M KRW
Investment indicators
Debt-to-equity ratio	128.13%	136.48%	123.64%	121.25%	107.06%	107.56%	97.19%	93.15%	105.67%	127.23%
EPS	-	-	-	-	-	-	-	-	-	-

Income figures cover the quarter, not the year to date. Balance sheet figures are quarter-end balances.

Property holdings

Total book value

197 × 100M KRW

Total assessed land value

87 × 100M KRW

Ratio to market cap

24.4%

Land

3 records

Buildings

0 records

Category	Location	Use	Area	Book value	Assessed land value
Land Unverified	캄보디아 소재	-	-	111 × 100M KRW	-
투자부동산 Unverified	Location unknown	임대수익이나 투자차익 목적	-	54 × 100M KRW	54 × 100M KRW
투자부동산 Unverified	Location unknown	임대수익이나 투자차익 목적	-	33 × 100M KRW	33 × 100M KRW
Land Unverified	경기도 수원시 권선구 권선동 874-2, 898-25	-	2,135m²	-	-
Land Unverified	경산시 진량읍 문천리 923	-	33,004m²	-	-

Ownership structure

Listed subsidiary stake value 255 × 100M KRW (Sum of market cap × ownership)

Is a listed company shown as unlisted?

Corporate shareholders

Corporate and institutional holders identified in collected disclosures. This is not a complete shareholder register. Reporting-group holdings may overlap with individual holdings.

Business report analysis

Analysis date 2026.04.26 22:35 | Based on 2025 Annual report

Unverified Original business report

사업 개요

에스와이는 조립식 샌드위치패널을 제조·판매하는 건축외장재 기업으로, 건축부자재 도소매·제조, 전기공사업, 태양광발전, 부동산, 전자상거래 등으로 목적사업을 넓게 두고 있습니다.
설립 연도는 영업보고서에 직접 명시되어 있지 않으나, 주식변동 내역상 2000년 9월 설립으로 보이며, 주력 산업은 샌드위치패널 및 건축외장재입니다.

주요 매출원

글라스울 패널: 약 1,158억원 (전체 제품 매출의 23.1%)
데크플레이트: 약 974억원 (19.4%)
기타: 약 1,960억원 (39.1%)
우레탄단열재: 약 373억원 (7.4%)
우레탄패널: 약 344억원 (6.9%)
난연EPS 패널: 약 121억원 (2.4%)
EPS 패널: 약 86억원 (1.7%)
연결 기준 제품 매출 합계는 약 5,016억원입니다.

원가 구조 / 비용 특성

연결 기준 매출원가는 약 4,655억원으로 매출액 약 5,016억원 대비 원가율이 높아, 영업이익은 약 -66억원으로 적자입니다. 전년(영업이익 약 219억원) 대비 수익성이 크게 악화되었습니다.
회사는 원자재부터 완성품까지의 수직계열화, 대규모 생산라인, 원가경쟁력을 핵심 경쟁력으로 설명하고 있습니다.

자회사

에스와이빌드(주): 구조용단열패널, 컬러강판 제조 및 판매
에스와이스틸텍(주): 데크플레이트 제조 및 판매
SY PANEL VINA Co., Ltd.: 조립식 샌드위치패널 제조 및 판매
SY PANEL NEPAL Ltd: 조립식 샌드위치패널, 폴리캠, 방화문 제조 및 판매
S.Y INDUSTRY Co.,Ltd: 조립식 샌드위치패널, 컬러강판 제조 및 판매

차입 구조

주요채권자: 기업은행 외 약 959억원 (운영자금 외)

Employees

352 people

Subsidiaries

11 items

Material subsequent events

해당사항 없음.

Articles of incorporation analysis

Analysis date 2026.06.19 16:25 | Last amended 2022.03.31

Unverified Original articles of incorporation

주주친화

분기배당 제도: 이사회 결의로 3월ㆍ6월ㆍ9월 말 기준 주주에게 분기배당을 할 수 있음 (제57조)
신주 동등배당: 유상증자, 무상증자 및 주식배당으로 발행한 신주는 배당에서 직전 영업연도 말 발행된 것으로 봄 (제12조)

주주비친화

집중투표제 명시적 배제: 2인 이상 이사를 선임하는 경우 상법 제382조의2의 집중투표제를 적용하지 않아 소수주주의 이사 선임 영향력을 제한함 (제35조③)
이사회 결의만으로 1,000억원 전환사채 제3자 발행: 긴급 자금조달, 기술도입ㆍ자본제휴 등 사유로 주주 외의 자에게 전환사채를 발행할 수 있어 경영권 분쟁 시 우호지분 확보 수단이 될 수 있음 (제17조①)
이사회 결의만으로 1,000억원 신주인수권부사채 제3자 발행: 주주 외의 자에게 신주인수권부사채를 발행할 수 있어 기존 주주 지분 희석 위험이 있음 (제18조①)
이사 임기 3년 고정: 상법상 최장 임기를 채택해 이사회 교체 속도를 늦출 수 있음 (제36조①)
이사회 결의에 의한 신주 제3자 배정: 긴급 자금조달, 기술도입, 연구개발, 생산ㆍ판매ㆍ자본제휴 등의 사유로 발행주식총수의 20% 범위 내에서 주주 외의 자에게 신주를 배정할 수 있음 (제10조②)

기타 주목 조항

이사 정원: 이사는 3명 이상 7명 이내이며 사외이사는 이사총수의 4분의 1 이상으로 함 (제34조)
감사 제도: 감사는 1명 이상 3명 이내로 두며 그 중 1명 이상은 상근으로 함 (제46조)
감사 보수 의안 분리: 감사 보수 의안은 이사 보수 의안과 구분하여 상정ㆍ의결함 (제51조②)

Board of directors

Number of directors

3–7 people

Director term

3 years (Fixed)

Remaining term for replacements

Staggered board

None

Cumulative voting

Separate chair and CEO

Gender diversity requirement

Auditors

Number of auditors

1–3 people

Auditor term

3 years (Fixed)

Shareholder meetings and dividends

Meeting notice period

14 days

Written voting

Electronic voting

Dividend record date

매결산기말 현재(사업연도 말일: 매년 12월 31일)

Third-party allotment limit by board resolution alone

Convertible bonds (CB)

1,000 × 100M KRW

Bonds with warrants (BW)

1,000 × 100M KRW

Compensation basis

Director: 주주총회 결의로 정한다
Auditors: 제39조를 준용하여 주주총회 결의로 정하며, 감사 보수 의안은 이사 보수 의안과 구분하여 상정ㆍ의결한다
Retirement payments: 이사 및 감사의 퇴직금은 주주총회 결의를 거친 임원퇴직금지급규정에 의한다

Executive compensation

Based on 2025 Annual report

Total compensation

4 × 100M KRW

Executives

4 people

Average per executive

9,313 × 10,000 KRW

Total dividends

24 × 100M KRW

Compensation / dividends

0.2×

Controlling shareholders

Name	Relationship	Age	Ownership
홍영돈	Self	Age 65	17.24%
에스와이테크	기타	-	9.38%
에스비홀딩스	기타	-	3.16%
김옥주	처	-	3.11%
에스와이스틸텍	Affiliate	-	2.04%
홍성부	자녀	Age 37	0.41%
윤중자	친인척	-	0.40%
에스와이이앤씨	기타	-	0.25%
김준열	친인척	-	0.13%
김현숙	친인척	-	0.09%
김경숙	친인척	-	0.03%
김민희	친인척	-	0.01%
김정찬	친인척	-	0.00%
신명철	친인척	-	0.00%
하상철	친인척	-	0.00%
홍성웅	자녀	-	0.00%
전평열	임원	-	0.00%
김대정	친인척	-	0.00%
김시영	친인척	-	0.00%
김시라	친인척	-	0.00%
김태중	친인척	-	0.00%
김지안	친인척	-	0.00%

Holders of 5% or more

Holder	Holding ratio	Shares held	Change in ownership	Reason for filing	Report type	Filing date
홍영돈	34.72%	16,983,016	-0.10%	특수관계인 주식변동, 본인 및 특수관계인 주식담보대출 내용 변경	일반	2026-07-10
홍영돈	34.82%	17,029,016	+0.82%	특수관계인 주식변동, 특수관계인 주식담보대출 상환	일반	2026-06-18
홍영돈	34.00%	16,630,094	-0.05%	특수관계인 주식변동, 보고자 및 특수관계인 주식담보대출 상환	일반	2026-05-22
홍영돈	34.05%	16,654,094	-0.82%	특수관계인 주식변동, 보고자 및 특수관계인 주식담보대출 내용 변경	일반	2026-04-24
홍영돈	34.87%	17,053,375	-1.95%	특수관계인 주식변동 및 주식담보대출 내용 변경	일반	2026-01-22
홍영돈	36.82%	18,006,668	+0.54%	특수관계인 주식변동, 보고자 및 특수관계인 주식담보대출 내용 변경	일반	2025-11-26
홍영돈	36.28%	17,743,573	+0.02%	특수관계인 주식변동, 보고자 및 특수관계인 주식담보대출 내용 변경	일반	2025-11-04
홍영돈	36.26%	17,733,318	+1.13%	특수관계인 주식변동 및 주식담보대출 내용 변경	일반	2025-09-05
홍영돈	35.13%	17,179,158	+0.05%	특수관계인 주식변동 및 주식담보대출 내용 변경	일반	2025-05-23
홍영돈	35.08%	17,155,030	+0.06%	특수관계인 임원퇴임, 특수관계인 신규등록	일반	2025-04-01
홍영돈	35.02%	17,125,611	+0.08%	특수관계인 주식변동 및 주식담보대출 내용 변경	일반	2025-02-04
홍영돈	34.94%	17,087,611	0.00%	보고자 및 특수관계인 주식변동, 주식담보대출 내용 변경	일반	2024-04-22

Major shareholders

Major shareholders (7 people)

Based on 2025 Business report

Name	Shares owned	Ownership	Relationship
홍영돈	8,432,932	17.24%	-
에스와이테크	4,587,554	9.38%	Related parties
에스비홀딩스	1,546,394	3.16%	Related parties
김옥주	1,520,569	3.11%	Related parties
에스와이	1,149,390	2.35%	Treasury shares
에스와이스틸텍	1,000,000	2.04%	Related parties
이경덕	585,000	1.20%	-

Auditors

Analysis date 2026.08.26 11:54

Auditor	Type	Term start	Term end	Tenure	D-day
김철호	Auditor	-	2025.03.30	2 years	Expired
조두영	Auditor	-	2028.03.27	1 years	D-509

Executives

Name	Position	Category	Age	Term end
홍영돈	회장	미등기	Age 65	-
조두영	감사	감사	Age 61	D-509
신영세	이사	미등기	Age 59	-
김성덕	대표이사	Inside director	Age 57	D-509
김태훈	상무	미등기	Age 54	-
한정오	상무	미등기	Age 50	-
김두진	이사	미등기	Age 49	-
김상구	이사	미등기	Age 49	-
서덕인	사외이사	Outside director	Age 46	D-509
류호원	실장	미등기	Age 44	-
홍성부	대표이사	Inside director	Age 37	D-873

DART disclosures

Loading disclosures…

Activism & governance

Shareholder returns Importance 2 2026.10.28 10:31

에스와이, 주주환원 구체안 부재와 시가총액 감소 우려

에스와이는 자사주 114만9390주를 보유하고 있지만, 자사주 매입·소각에 관한 구체적인 계획은 제시하지 않은 것으로 전해졌다. 기사는 주가 하락과 시가총액 감소 상황도 다뤘다.

Shareholder perspective 기사는 상장폐지 위기를 확인하는 내용이 아니라 시가총액 감소와 환원 정책 부재를 지적합니다. 따라서 시가총액 기준 미달 사건으로 보지 않고, 주주환원 정책에 관한 기업별 점검으로 분류합니다.

Ownership changes Importance 3 2026.08.28 20:30

에스와이 최대주주 측 지분 15만7758주 증가

에스와이 최대주주 측 보유 주식이 15만7758주 늘었다. 보고 의무 발생일은 8월 25일이며, 대량보유보고서에 보유 목적이 기재됐다.

Shareholder perspective 최대주주 측 지분 증가는 의결권 구조와 경영권 안정성에 영향을 줄 수 있어 후속 보유목적과 지분 변동을 점검할 필요가 있다.

에스와이 KOSDAQ

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사업 개요

주요 매출원

원가 구조 / 비용 특성

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에스와이, 주주환원 구체안 부재와 시가총액 감소 우려

에스와이 최대주주 측 지분 15만7758주 증가

Meeting voting results

Financial indicators

Share price history

Shareholder distribution

Annual earnings Trend

Financial statements

Property holdings

Ownership structure

Corporate shareholders

Business report analysis

Articles of incorporation analysis

Executive compensation

Controlling shareholders

Holders of 5% or more

Major shareholders

Auditors

Executives

DART disclosures

Activism & governance