Factual Summary
LX Hausys disclosed on 2026-07-30 that its Q2 2026 consolidated revenue was KRW 939.7 billion (+14.7% YoY), operating profit was KRW 54.9 billion (+329.0% YoY), and net income was KRW 47.1 billion. Cumulative H1 revenue was KRW 1.7544 trillion (+9.6% YoY) with operating profit of KRW 100.8 billion (+407.5% YoY), which the company attributed to cost reductions and one-off factors including a U.S.-subsidiary tariff refund.
Change Context Note
Per the 2025 annual business report, full-year operating profit was KRW 13.06 billion and net loss was KRW 43.87 billion — one of two loss years in the past five years — but H1 2026 operating profit (KRW 100.8 billion) already significantly exceeded full-year 2025 results. The debt-to-equity ratio improved from 218.5% in 2022 to 160.1% in 2025, then stood at 160.8% in H1 2026.
5-Year Financial Trend
| Year | Operating Margin | Net Margin | Debt Ratio | ROE |
|---|---|---|---|---|
| 2021 | 1.94% | 0.36% | 195.0% | 1.47% |
| 2022 | 0.41% | -3.26% | 218.5% | -15.09% |
| 2023 | 3.11% | 1.75% | 186.3% | 7.42% |
| 2024 | 2.73% | 1.24% | 170.6% | 5.09% |
| 2025 | 0.41% | -1.38% | 160.1% | -5.26% |
| H1 2026 (cumulative) | 5.75% | 4.42% | 160.8% | N/A |
A lower debt ratio indicates improvement; it hit a 5-year low of 160.1% in 2025 before rising slightly to 160.8% in H1 2026. Source: directly calculated from figures in original DART disclosures (A), as of each fiscal period-end.
Business Segment Composition
| Segment (Q2 2026) | Revenue | Operating Profit |
|---|---|---|
| Building Materials | KRW 655.7 billion | KRW 36.7 billion (+4,487.5% YoY) |
| Automotive Materials & Industrial Films | KRW 284 billion | KRW 18.2 billion |
The automotive materials segment's operating margin improved from 3.4% in 2025 to 4.8% in Q1 2026 and 6.2% in Q2 2026 (secondary source, News1 report).
Valuation (Factual Multiples)
EV/EBITDA, net debt, and dividend yield were not obtained in this research and are marked N/A.
Peer Comparison
| Company | Market Cap | PER | PBR |
|---|---|---|---|
| LX Hausys (108670) | KRW 305.8 billion (A) | N/A (2025 loss) | 0.331x (A) |
| KCC Glass (344820) | KRW 364.9 billion (C) | -4.59x (net loss, C) | 0.27x (C) |
| Hanssem (009240) | KRW 895.5 billion (C) | 22.78x (C) | 1.60x-2.90x (C) |
Both LX Hausys and KCC Glass trade at low PBR levels, but they differ in that KCC Glass continues to post net losses while LX Hausys returned to profit in H1 2026 (compiled from each company's disclosures and secondary sources).
Supply-Demand Trends
| Date | Closing Price (alphasquare reference, KRW) | Short-Selling Ratio | Short-Selling Balance |
|---|---|---|---|
| 2026-08-18 | 34,100 | 4.00% | N/A (not updated same-day) |
| 2026-08-13 | 33,500 | 2.42% | 5,466 shares |
| 2026-08-07 | 34,450 | 5.28% | 6,370 shares |
On the 2026-08-18 decline day, retail investors were net buyers (+12,374 shares), absorbing the selling, while institutions (-7,584 shares) and foreign investors (-4,869 shares) were net sellers; the short-selling ratio that day rose to 4.00% from the prior session (secondary web source, alphasquare aggregation). Foreign ownership stood at 15.58% (as of 2026-08-18, secondary source).
Governance & Capital Structure
| Date | Event |
|---|---|
| 2024-06-21 | National Pension Service reports new 5.08% stake |
| 2025-08-25~26 | National Pension Service sells entire stake, reporting obligation terminated |
| 2026-03-24 | 17th Annual General Meeting of Shareholders — newly appointed inside director Kim Hoon, re-appointed outside director Won Jong-hoon, financial statements approved |
| 2026-08-10 | Parent holding company LX Holdings discloses change in largest shareholder (share gift from Koo Bon-joon to Koo Hyung-mo, secondary source, original filing unconfirmed) |
LX Hausys's largest shareholder is its holding company, LX Holdings Co., Ltd. (33.53% stake, secondary source). The 2026-08-10 change in individual largest shareholder at parent holding company LX Holdings — Chairman Koo Bon-joon gifting shares to his eldest son, President Koo Hyung-mo — is confirmed to be part of the group's succession process rather than a change in LX Hausys's own shareholding structure. No institutional investor currently holds a reportable 5%+ stake in LX Hausys (based on secondary sources).
Macro Environment & Factor Check
Recent Developments
| Date | Content |
|---|---|
| 2026-07-30 | Q2 2026 preliminary consolidated results disclosed (revenue KRW 939.7 billion, operating profit KRW 54.9 billion, net income KRW 47.1 billion) |
| 2026-08-05~08 | Participated in '2026 Korea Build Week', operating a model-house-style exhibition booth for windows, flooring, and other products |
| 2026-04-14 | Listed in S&P Global Sustainability Yearbook for the 2nd consecutive year, ranking in the top 8% of the building materials industry |
| 2026-03-24 | Held 17th Annual General Meeting of Shareholders |
Shares surged 16.20% immediately after the Q1 earnings release in May 2026 (secondary source), and the period from August 9 to 18, 2026 is a gap period with no individual news confirmed.
Theme Relevance
Fact Highlights
This is not investment advice. FomoLog provides factual summaries and post-hoc price-change context only. Investment decisions and their outcomes are solely the responsibility of the investor.
Generated by FomoLog Agent · Data sources: Korea Exchange · NASDAQ · DART · SEC EDGAR
Secondary sources (web): alphasquare.co.kr, Wisereport, FnGuide, media reports — applicable only to items marked (C)/secondary in the body