KISCO HoldingsKISCO홀딩스

KISCO Holdings is loss-making on a trailing basis, with shares down about 9% over the past year but trading near book value and paying a high dividend yield.

KISCO Holdings is a holding company whose subsidiaries make construction rebar, lease property and sell textiles. Revenue has fallen for three straight years and operating income was negative over the trailing twelve months to H1 2026, with free cash flow also negative. The share price sits at ₩23,500, about 18% above its 52-week low and below its high, with a price-to-book ratio of 0.3 and a stated dividend yield of 7.9%.

What stands out

• Trailing revenue to H1 2026 was about ₩899B, with an operating loss of about ₩73B (an operating margin of -8.1%) and a net loss of about ₩22B.
• Annual revenue fell from ₩1.81T in 2022 to ₩825B in 2025, and operating income turned negative in 2024 and 2025 after being strongly positive in 2021 to 2023.
• The balance sheet looks light on debt in the data: cash of about ₩76B against borrowings of about ₩11B, and liabilities at 11.6% of equity.
• Filings in September 2026 report the termination of a trust contract for a share buyback, after a similar contract was signed in June 2026.
• Foreign ownership was roughly flat at 7.7% over 60 days, and 20-day flows were net negative for foreign and institutional investors and positive for retail.

What to watch

• The next quarterly or annual results, to see whether operating losses continue and whether revenue stabilises.
• The reason for the September 2026 buyback trust termination, which the filing titles do not explain.
• No recent news headlines are in the data, and the data does not include a fair value estimate or analyst views.