Daegu Department Store대구백화점

Daegu Department Store is still loss-making and heavily indebted, though it just sold its main branch for ₩130B.

Daegu Department Store, a regional Daegu retailer, reported trailing twelve-month revenue of about ₩50.7B against an operating loss of about ₩16.3B and a net loss of about ₩32.9B as of H1 2026. Borrowings are about ₩261B against cash of under ₩1B, and the shares have fallen roughly 55% over the past year to ₩2,915. The company is pursuing asset sales and a shareholder meeting, but the data does not show a path back to profit.

What stands out

• Revenue has shrunk every year since 2021, from about ₩81.8B to about ₩53.1B in 2025, and the trailing figure is about ₩50.7B.
• Operating losses have persisted every year in the data, at roughly ₩15B to ₩18B a year, with an operating margin of -32.2% on a trailing basis.
• Borrowings of about ₩261B far exceed cash of about ₩0.95B, and liabilities are 239.5% of equity.
• On 13 October 2026 the company disclosed a decision to transfer tangible assets, and news reports say the Dongseong-ro main branch was sold for ₩130B with a ₩1.5B deposit.
• Book value is the main valuation anchor here: the price-to-book ratio is 0.3, while P/E is not meaningful because earnings are negative and the dividend yield is 0%.

What to watch

• Use of the ₩130B main branch sale proceeds and whether they reduce the ₩261B of borrowings.
• Outcome of the shareholders' meeting and related filings, including any governance or capital matters.
• Next periodic results, to see whether revenue and operating losses keep narrowing or worsen.