Moda-InnoChips모다이노칩

Moda-InnoChips is loss-making on a trailing basis, with a shrinking profit picture and heavy borrowings, though its share price has risen over the past three months.

The company runs an electronics components business and an outlet discount store distribution business. Over the trailing twelve months to H1 2026 it recorded revenue of ₩352B, an operating income of ₩17B and a net loss of ₩13B, with borrowings of ₩452B against cash of ₩25B. The share price is ₩1,502, down 23.2% over one year but up 10.2% over three months.

What stands out

• Revenue fell from ₩389B in 2024 to ₩358B in 2025, and the trailing figure is ₩352B.
• Operating margin has narrowed from 9.9% in 2024 to 4.9% on a trailing basis, while net income swung to a loss of ₩13B.
• Liabilities are 167.4% of equity and trailing free cash flow is negative at about ₩-34B.
• Market capitalisation is about ₩120B and the price-to-book ratio is 0.3, while the dividend yield is 0%.
• Recent filings include an extraordinary shareholders' meeting result, a merger decision amendment and several 5%+ holding reports, but the news feed contains no headlines.

What to watch

• The merger decision and the shareholder meeting outcomes, whose details are not included in the data beyond their titles.
• The next periodic results, since the data does not give a confirmed date for full-year 2026 figures.
• Debt levels relative to cash and whether free cash flow turns positive, as the data shows a large gap between borrowings and cash.