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Kishin's earnings have shrunk sharply since 2021, though the balance sheet is light and the shares sit near their 52-week low.

Kishin makes mold bases and related precision steel parts sold mainly to Korean mold makers. Trailing revenue is about ₩128.2B, but operating margin is only 1.2% and return on equity is 1.4%. The shares, at ₩1,819 with a market cap of ₩53.1B, are down 25.8% over one year and trade close to their 52-week low of ₩1,776.

What stands out

• Revenue has fallen from ₩144.4B in 2023 to ₩131.3B in 2025, with 2025 down 4.7%.
• Operating income dropped from ₩11.4B in 2021 to ₩1.0B in 2025, and the operating margin fell from 8.8% to 0.8% over the same period.
• Cash of ₩24.9B is reported with no borrowings, and liabilities are 5.9% of equity, so the balance sheet carries little debt.
• Trailing free cash flow is ₩7.6B and the dividend yield is 5.5%, but the data does not show how sustainable the dividend is.
• The data shows a 2026 filing on a change in revenue or profit of 30% or more and a cash dividend decision, but it does not include the content of those filings. There are no recent news headlines in the data.

What to watch

• The next quarterly report after the June 2026 filing, which is not yet in the data, will show whether margins have stabilised near 1%.
• The filed July 2026 change in the largest shareholder's holdings and the foreign investor stake of 63% could bear on trading and ownership.
• The data does not show analyst forecasts or the basis of the DCF value range, so the wide gap between the bear (₩2,869) and bull (₩7,897) cases reflects model assumptions rather than a forecast.