DAISHIN SECURITIES analyzed on the 18th that the value of subsidiary equity will rise due to the growth of Olive Young. It adjusted the target price from 172,000 won to 182,000 won, maintaining an investment opinion of 'buy.'

Global representatives from major distribution platforms are having a great time at the largest experiential beauty & health festival in Korea, the 2025 Olive Young Festa, held on the 22nd at Seoul Nodeul Island./Courtesy of News1

Yang Ji-hwan, a researcher at DAISHIN SECURITIES, said, "CJ's second-quarter performance fell short of our and market expectations, but this was due to the underperformance of its subsidiaries, including CJ CheilJedang, CJ CGV, and CJ ENM. However, the core Olive Young showed surprising results, and the separate performance exceeded expected results due to an increase in dividends."

CJ's consolidated revenue for the second quarter reached 11.119 trillion won, with an operating profit of 618.8 billion won. For Olive Young, revenue amounted to 14.6 trillion won, and net income was 144 billion won. As of the end of the second quarter, the number of Olive Young stores increased to 1,393.

Yang noted, "If visa-free entry for Chinese group tourists is implemented starting September 29, the growth of Olive Young's performance in the second half is expected to accelerate due to an increase in domestic revenue from foreigners."

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