131290 - TSE Co., Ltd.

131290 Summary

Electronic Components

Stock Price & Overview

₩236,500 +12,500 (+5.58%) Close · Sep 4, 2026 KST

KOSDAQ | ₩KRW | Close: ₩236,500 ≈ US$169 · Market cap ₩2.6tn (≈ $1.9bn)

131290 Financial Statements

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Revenue	428.9	348.1	249.1	339.3	307.7	—	191.5	184.4	—	126.7	132.2
Cost of Revenue	308.8	261.0	215.6	239.9	209.8	—	139.4	139.3	—	115.3	111.7
Gross Profit	120.1	87.0	33.6	99.4	97.8	—	52.1	45.2	—	11.4	20.5
Selling, General & Administrative	70.9	47.1	36.0	42.8	43.2	—	31.5	30.3	—	24.1	20.0
Operating Income	49.2	39.9	-2.4	56.6	54.6	—	20.7	14.8	—	-12.7	0.5
Finance Income	9.5	22.9	8.3	17.1	12.6	—	9.7	8.9	—	4.3	5.9
Finance Costs	12.8	7.5	9.5	9.3	2.5	—	7.7	7.2	—	3.1	3.6
Pretax Income	47.7	55.5	-3.4	65.4	64.1	—	21.3	16.5	—	-13.8	3.5
Income Tax Expense	7.6	10.4	-1.3	12.0	20.9	—	5.3	3.7	—	0.0	1.2
Net Income	40.0	45.0	-2.1	53.4	43.2	—	16.0	12.8	—	-13.8	2.4
Total Comprehensive Income	43.5	47.0	1.0	52.8	46.3	—	17.9	14.2	—	-13.2	4.0

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Total Assets	608.0	519.4	443.1	435.8	371.8	301.1	263.6	229.5	206.2	189.3	193.0
Current Assets	310.6	268.9	207.3	228.2	192.2	147.4	133.0	112.8	94.5	90.1	98.9
Cash & Cash Equivalents	75.8	45.0	38.6	52.4	29.5	33.6	26.5	21.8	20.3	10.5	21.8
Inventories	91.2	62.4	51.6	43.1	36.7	32.8	27.5	19.6	22.7	22.6	19.1
Trade Receivables	107.7	107.4	66.6	67.6	60.9	44.2	60.0	38.0	32.4	28.2	27.7
Non-current Assets	297.4	250.5	235.8	207.6	179.6	153.7	130.6	116.8	111.7	99.2	94.1
Property, Plant & Equipment	210.3	183.5	181.2	158.6	128.8	116.0	94.4	85.2	79.5	67.0	60.7
Intangible Assets	18.6	17.5	16.0	15.1	15.8	14.5	13.1	12.8	13.1	13.0	14.8
Total Liabilities	143.5	119.7	95.3	105.1	101.6	76.2	68.8	51.3	45.9	46.5	38.2
Current Liabilities	112.3	94.8	65.3	71.6	75.6	60.4	56.2	37.7	32.3	37.8	32.5
Non-current Liabilities	31.2	25.0	30.0	33.5	26.0	15.8	12.6	13.5	13.6	8.7	5.7
Total Equity	464.6	399.7	347.8	330.8	270.2	224.9	194.8	178.2	160.3	142.8	154.8
Share Capital	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7
Retained Earnings	330.5	296.3	246.5	252.2	207.3	165.0	140.5	126.2	110.6	96.6	110.8

Breakdown ₩ bn	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015
Cash from Operating Activities	48.6	29.7	2.6	54.8	46.2	—	10.2	28.1	—	11.7	3.4
Cash from Investing Activities	-34.6	-31.6	-33.7	-54.1	-63.5	—	-12.3	-30.7	—	-18.7	0.4
Purchase of Property, Plant & Equipment	47.1	27.0	48.8	49.6	36.1	—	23.8	19.8	—	18.2	9.5
Cash from Financing Activities	14.3	5.9	15.4	21.4	9.9	—	6.7	4.0	—	-4.3	8.7
Dividends Paid	4.3	0.0	5.4	5.3	2.7	—	2.0	0.0	—	—	—
Net Change in Cash	30.8	6.4	-13.8	22.9	-4.1	—	4.7	1.4	—	-11.3	12.5

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Revenue	188.8	150.7	123.9	104.4	117.6	83.0	103.1	110.7	76.0	58.2
Cost of Revenue	118.3	93.2	86.4	74.3	86.9	61.1	75.1	77.6	57.7	50.6
Gross Profit	70.5	57.5	37.4	30.1	30.7	21.9	28.0	33.1	18.4	7.6
Selling, General & Administrative	18.0	15.5	17.6	18.6	15.9	18.8	14.4	12.5	9.6	10.6
Operating Income	52.5	42.0	19.8	11.5	14.8	3.1	13.7	20.6	8.7	-3.1
Finance Income	6.9	11.5	3.1	2.3	2.3	1.8	15.1	-1.4	4.1	5.2
Finance Costs	3.2	2.0	0.6	-1.7	11.9	2.0	1.8	3.0	1.6	1.1
Pretax Income	56.0	51.4	23.5	15.8	5.5	2.9	26.7	16.3	11.4	1.0
Income Tax Expense	13.7	11.4	1.6	4.0	1.0	1.1	4.0	2.8	2.8	0.9
Net Income	42.4	40.0	21.9	11.8	4.6	1.8	22.8	13.5	8.6	0.2
Total Comprehensive Income	52.4	41.1	26.1	13.2	4.1	0.0	21.6	15.0	7.7	2.7

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Total Assets	788.3	677.2	608.0	539.7	512.4	514.9	519.4	487.7	468.6	446.9
Current Assets	455.0	373.8	310.6	265.0	251.0	259.6	268.9	248.0	230.4	220.6
Cash & Cash Equivalents	116.7	58.1	75.8	62.7	46.2	40.6	45.0	41.1	37.6	25.2
Inventories	133.9	119.8	91.2	82.9	79.4	76.2	62.4	64.6	64.0	56.2
Trade Receivables	164.0	157.8	107.7	103.2	106.2	108.5	107.4	92.4	77.3	74.5
Non-current Assets	333.3	303.5	297.4	274.8	261.4	255.4	250.5	239.8	238.2	226.4
Property, Plant & Equipment	239.3	218.3	210.3	197.5	188.8	185.1	183.5	177.4	180.1	179.3
Intangible Assets	19.8	19.6	18.6	17.9	17.9	17.7	17.5	15.5	15.7	15.7
Total Liabilities	207.4	160.1	143.5	127.0	112.9	119.5	119.7	109.0	104.9	96.4
Current Liabilities	177.1	127.6	112.3	99.1	85.1	95.5	94.8	76.2	71.3	63.0
Non-current Liabilities	30.2	32.5	31.2	27.9	27.7	24.0	25.0	32.8	33.7	33.4
Total Equity	580.9	517.1	464.6	412.7	399.6	395.4	399.7	378.8	363.7	350.5
Share Capital	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7	22.7
Retained Earnings	399.3	362.5	330.5	310.8	299.4	295.1	296.3	266.8	254.0	246.0

Breakdown ₩ bn	2026 Q2	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1
Cash from Operating Activities	51.2	-21.3	22.7	32.2	6.6	-12.9	16.3	13.5	6.5	-6.5
Cash from Investing Activities	-23.7	-14.0	-25.7	-18.8	0.9	8.9	-13.3	-11.0	-2.5	-4.8
Purchase of Property, Plant & Equipment	30.0	16.2	11.3	12.9	13.0	10.0	11.1	4.1	7.3	4.5
Cash from Financing Activities	30.4	15.9	14.7	1.7	-1.4	-0.6	-1.0	1.9	7.9	-2.9
Dividends Paid	5.0	0.0	0.0	0.0	—	—	0.0	0.0	—	—
Net Change in Cash	58.6	-17.7	13.2	16.5	5.6	-4.4	3.9	3.6	12.4	-13.4

Consolidated (CFS), from DART. 11 fiscal years and 10 quarters. Accounts matched on IFRS account_id, not Korean labels, so the same line holds across years where the Korean wording changed. Quarterly figures are three-month values: income quarters from DART's three-month column, cash-flow quarters differenced from DART's cumulative figures, and Q4 as annual minus nine-month cumulative.

131290 Growth

FY2025 ₩bn	Latest	1-yr	3-yr CAGR	5-yr CAGR	10-yr CAGR
Revenue	428.9	+23.2%	+8.1%	—	+12.5%
Operating income	49.2	+23.2%	-4.6%	—	+57.7%
Net income	40.0	-11.1%	-9.1%	—	+32.6%
EPS	₩3,620	-11.1%	-9.1%	—	+32.6%
Operating cash flow	48.6	+63.3%	-4.0%	—	+30.6%
Shareholders' equity	464.6	+16.2%	+12.0%	+15.6%	+11.6%

Compound annual growth from the DART annual statements on this page. n/m where either end of the period is a loss or missing. EPS uses today's share count for every year.

131290 Profitability

Ratio	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	28.0%	25.0%	13.5%	29.3%	31.8%	—
Operating margin	11.5%	11.5%	-1.0%	16.7%	17.8%	—
Net margin	9.3%	12.9%	-0.8%	15.7%	14.1%	—
Return on equity	9.3%	12.0%	-0.6%	17.8%	17.5%	—
Return on assets	7.1%	9.4%	-0.5%	13.2%	12.9%	—
Operating cash flow / revenue	11.3%	8.5%	1.0%	16.2%	15.0%	—
Capex / revenue	11.0%	7.7%	19.6%	14.6%	11.7%	—

Margins divide by revenue for the same year. Return on equity and assets divide net income by the average of that year's and the prior year's balance, as DART reports them (consolidated, including minority interests).

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What a US investor should know

Trading hours09:00–15:30 KST — 20:00–02:30 US Eastern the night before.
Daily limitKorean stocks can move at most ±30% in a session before trading halts.
Getting exposureKRX shares are not directly tradable in most US brokerage accounts. The usual routes are Korea ETFs or an international account.
ReportingKorean issuers file to DART, not the SEC. Half-year and quarterly reports land about 45 days after period end.