Core Viewpoint - Coway Co., Ltd. has reported on the implementation status of its Corporate Value-Up Plan, highlighting achievements in enhancing shareholder value and detailing its medium- to long-term strategic roadmap [1][3]. Group 1: Corporate Value-Up Plan Overview - The Corporate Value-Up Plan aims for key indicators to be achieved by 2027, including revenue exceeding 5 trillion KRW, maintaining a shareholder return of 40%, a net debt to EBIT ratio of a maximum of 2.5, and improving governance frameworks [2]. - Since the announcement of the plan, Coway has conducted several internal reviews of implementation progress and has proactively prepared additional measures to enhance effectiveness [3]. Group 2: Revenue Growth and Market Performance - In 2025, Coway achieved a revenue of 4.96 trillion KRW, representing a 15.2% increase year-over-year, significantly exceeding the company's target compound annual growth rate (CAGR) of 6.5% [4]. - The growth was driven by strengthening competitiveness in the domestic market and continuous expansion of overseas activities, particularly through the water filter rental business and the growth of international subsidiaries [5]. Group 3: Shareholder Returns - Coway successfully achieved a total shareholder return of 40% in 2025, amounting to 247.3 billion KRW, through a balanced mix of cash dividends of 137.3 billion KRW and share buybacks worth 110.0 billion KRW [8]. - The company plans to prioritize cash dividends starting from the fiscal year 2026 to maintain its status as a high-dividend company and to provide tax benefits for shareholders [10]. Group 4: Financial Stability and Capital Structure - As of 2025, Coway's net debt to EBIT ratio was 2.1, with plans to adjust this ratio to a maximum of 2.5 by 2027 through consistent capital structure management [11]. - Coway actively utilizes debt financing to enhance capital efficiency while strictly monitoring credit risks to strengthen long-term financial sustainability [12]. Group 5: Governance Improvements - Coway reported a compliance rate of 74% for key governance indicators, attributed to an increase in the proportion of external directors to 67% and the establishment of a compensation committee composed solely of external directors [13]. - The company aims for a compliance rate of 93% by 2027, with plans to establish an internal transaction committee and a system of independent senior directors to further enhance governance [14].