Inzisoft인지소프트

Inzisoft is a small Korean financial-software company whose recent net profit is far above its operating profit, and the filings do not explain why.

Inzisoft sells digital counter, image, identity verification and RPA software mainly to banks and financial firms. On trailing twelve-month figures to H1 2026 it had revenue of ₩18.6B and operating income of ₩3.4B, but net income of ₩71.1B is about 3.8 times revenue, which the data does not explain. Revenue has been roughly flat, with 2025 up 0.2% after a 22% drop in 2024.

What stands out

• Trailing operating margin is 18.4%, but 2025 operating margin was 12.4%, and 2024 was only 5.6%.
• Trailing net income of ₩71.1B (net margin 382.7%) is far above operating income of ₩3.4B, so the profit figure looks driven by items outside core operations. The data does not say what they are.
• Headline valuation ratios (P/E 0.9, ROE 80.4%) rest on that large net income figure and may not reflect ongoing earnings.
• The company reports cash of ₩1.5B and no borrowings, with a liabilities-to-equity ratio of 18.9%. Free cash flow is ₩4.0B.
• The filings list two share buyback decisions in 2026 and a treasury stock acquisition results report, and the dividend yield is 5.8%. Foreign ownership rose from 0.6% to 1.2% over 60 days, while institutions and retail sold over the last 20 days.
• The shares closed at ₩19,450, up 18.4% over 3 months but down 2.3% over 1 month and up 0.3% over 1 year, inside a 52-week range of ₩15,300 to ₩23,700. The data's discounted cash flow model gives a base value of ₩12,100, a bear value of ₩8,717 and a bull value of ₩17,779; these are model outputs, not forecasts.

What to watch

• The explanation for the gap between trailing net income of ₩71.1B and operating income of ₩3.4B, which would be found in the company's next periodic filings.
• The next quarterly or annual report and any further buyback or treasury stock filings, since the company has been active on share repurchases.
• Recent news coverage: the data contains no news headlines, so no recent press context is available.