240810
원익IPS
Source: dsi_quarterly · analyst_consensus (internal DB). DSI from quarterly filings; consensus as of collection.
Suppliers
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Wonik IPS
Customers
Competitors
Notes
Wonik IPS is Korea's largest domestic semiconductor equipment maker, supplying CVD/ALD/etch tools mainly to Samsung Electronics (its dominant customer) and SK Hynix. The company benefits from Korean fabs' localization push but remains heavily exposed to Samsung memory capex cycles, and it faces strong competition from larger global incumbents like Applied Materials and Tokyo Electron.
Samsung Asset Management filed an abbreviated large-shareholding report disclosing that its stake fell from 7.16% to 5.92% as of June 1, 2026, a decrease of 610,707 shares (-1.24 percentage points). The reduction was driven by simple buying and selling activity during March 2026, including on-market sales and ETF-related adjustments, with the holdings classified as simple investment (no management influence intent). The reported figure includes 1,581 shares delegated to Samsung Active Asset Management. With the stake now near the 5% disclosure threshold, further selling could trigger an exit from mandatory reporting, signaling continued institutional outflow.
This is the annual large business group status disclosure for the Wonik group, filed by the individual company. The filing reports KRW 909.8B in revenue, KRW 73.1B in operating profit, and KRW 82.6B in net income for the prior fiscal year, with a low debt-to-equity ratio of 20.31%. One new overseas subsidiary, ADVANCED TECH-INTEGRATION SOLUTIONS CO., LTD. in China, was added to the group on 2026-02-02 for semiconductor equipment production, sales, and customer support. The board also approved a 2025-2027 dividend policy and welcomed Kim Yong-gil (former ASM Korea Chairman/CEO) as a new inside director and board chair effective 2026-03-24. This is a routine annual regulatory filing with no material changes to control or operations.
Wonik Holdings, the largest shareholder, reported a minor reduction in its combined holding from 32.98% to 32.95% (-18,411 shares) as of May 15, 2026. The change reflects on-market sales by special-related parties and the departure of one executive (reducing the special-related party count from 5 to 4). Wonik Holdings also extended and modified terms on an existing share-pledged loan agreement covering 7,850,000 shares (15.99%), unchanged in size. The holding purpose remains 'influence over management,' though no specific control-related actions are currently planned. Total issued shares remain 49,083,901.
The company filed its 11th fiscal year Q1 quarterly report for the period January 1 to March 31, 2026. Consolidated subsidiaries increased to 6 (from 5 at prior year-end) with the addition of newly established Advanced Tech-Integration Solutions Co., Ltd. The board now comprises 6 directors following the March 2026 AGM, which appointed Kim Yong-gil as a new inside director and reappointed Lee Yong-han, while Lee Hyun-deok's term ends March 29, 2026. Total issued shares remain 49,083,901 with no capital changes; largest shareholder Wonik Holdings retains a 32.90% stake (32.94% including related parties). Credit rating remains A+ with stable watch grade from E-Credible (Sept 2025).
Wonik IPS reported preliminary Q1 2026 consolidated revenue of KRW 164.9 billion, up 32.8% year-over-year but down 40.0% quarter-over-quarter from a strong Q4 2025. Operating profit came in at KRW 10.7 billion, a swing to profit from a KRW 7.4 billion operating loss in Q1 2025, though down 37.6% sequentially. Net income reached KRW 22.1 billion, also a turnaround from a KRW 4.7 billion loss a year earlier. The strong YoY recovery signals improving demand in the semiconductor equipment cycle, while the sequential decline reflects normal seasonality after a peak Q4. Figures are preliminary K-IFRS consolidated results and unaudited.