KIE케이아이이

KIE's trailing numbers show a small operating profit and a large net profit, with the shares down over the past month and well below their 52-week high.

KIE, a Korean maker of electronic components such as remote controls, thermostats and switches, reported trailing twelve-month revenue of ₩42.2B to H1 2026 with operating income of ₩2.0B and net income of ₩6.7B. The share price closed at ₩10,360 on 2026-10-23, down 6.5% over one month and up 2.3% over one year, and the company's balance sheet shows ₩18.4B in cash against ₩0.84B in borrowings.

What stands out

• Net income (₩6.7B) is far above operating income (₩2.0B) on the trailing basis, and the data does not explain the gap, so the profit figure should be read with care.
• Annual revenue jumped 57.2% in 2025 to ₩36.1B after a weaker 2024, when the company posted an operating loss of ₩1.3B.
• Valuation metrics look low in the data (P/E 2.0, P/B 0.2) and the dividend yield is listed at 4.8%, but the data gives no reason for the discount.
• Recent filings include a bonus share issue decision, a share cancellation decision and two trading halts in September and October 2026; the filings' contents are not included in the data.
• Foreign ownership rose from 9.4% to 11.2% over the last 60 days, while retail investors were net sellers over the last 20 days.

What to watch

• The contents and timing of the bonus share issue and share cancellation, and whether the trading halts are resolved.
• The next full-year or quarterly results, to see whether operating margin (4.8% trailing) holds up against the 2025 level of 2.8%.
• Customer concentration: the company's main remote-control business is tied to a major US TV maker, and the data does not give the share of sales this represents.