Hyundai Department Store Group announced on the 27th that it will hold a group integrated corporate explanation session (IR) where 13 listed corporations and institutional investors meet for three consecutive years.
Hyundai Department Store Group will hold a "Corporate Day" on the 28th at Shinhan Investment Corp. in Yeouido, Seoul, targeting institutional investors. The event will feature 13 listed corporations, including its holding company, Hyundai G.F Holdings, as well as Hyundai Department Store, Hyundai Home Shopping, and Hyundai Green Food.
IR executives will provide detailed explanations of each corporation's business overview, forecasts for the second half of the year, major business promotion strategies, and the status of value-up implementation. Presentation materials will also be made available on each corporation's homepage for general investors.
A representative from Hyundai Department Store Group noted, "We organized this event to strengthen shareholder-friendly management by transparently disclosing our commitment to value-up and our management strategies for the second half of the year," adding, "We will continue to share the long-term management plans and major investment agendas of each listed corporation within the group, as well as the status of business progresses, transparently."
Hyundai G.F Holdings has increased its settlement of account dividends from 18.3 billion won in 2023 to 31.2 billion won last year. This year, it plans to introduce an additional interim dividend of over 10 billion won, totaling 43 billion won, and aims to expand the total dividends to around 50 billion won by 2027. Recently, it bought a 1.94% equity stake (438,000 shares) in Hyundai Department Store, showing a commitment to responsible management as the largest shareholder.
Hyundai Department Store has specified plans for new openings, including The Hyundai Busan, The Hyundai Gwangju, and Gyeongsan Premium Outlet. Based on continuous growth investment and structural improvements, it plans to raise its return on equity (ROE), an indicator of profitability against capital, to 6%, which will exceed the industry average by 2027.
Hyundai Green Food is working to enhance the profitability of its core business in group meals while expanding investments in future growth sectors like care food. Handsome plans to continue its growth trajectory by strengthening the global competitiveness of key brands like Time and System and broadening its portfolio of imported brands.
Hyundai Ezwel is strengthening its dividend policy by raising the lower limit of dividends to more than 20% of separate operating profit, and plans to buy back 5% of its own shares this year and aim for a buyback by 2028. Hyundai Futurenet has set a goal of more than doubling its dividends by 2028, aiming to buy back and retire 3% of its own shares while purchasing 1% of its own shares this year.