Shinsegae cancels 200,000 shares of treasury stock every year for 3 years… Announcement of value up plan

Shinsegae Co., Ltd. announced a plan to improve corporate autonomy by canceling more than 200,000 shares of its own shares each year for the next three years. In addition, the company set a goal of achieving sales of 10 trillion won (consolidated basis) by 2030.

Listed companies such as Shinsegae Co., Ltd., Gwangju Shinsegae, and Shinsegae International each held a board meeting on the 27th and announced plans to increase corporate value through future development plans, short- to medium-term return on equity (ROE) goals, and retirement of treasury stocks.

Shinsegae Co., Ltd. announced that it will enhance shareholder value by canceling its own shares and increase the minimum dividend per share and the predictability of dividend payments. In order to strengthen shareholder return, we set a goal of strengthening profitability by achieving 10 trillion won in consolidated sales by 2030.

Shinsegae also plans to cancel more than 2% (200,000 shares) of its shares every year for the next three years. The minimum dividend per share will also be increased from the current 3,500 won to 4,000 won. We plan to gradually increase dividends per share by more than 30% from the current standard by 2027.

Department stores and duty-free shops are expanding their market dominance through renewal of key stores. Next year, the main branch of Shinsegae Department Store will open anew by renovating the Heritage (formerly Korea First Bank headquarters) building into a department store. The Gangnam branch’s food hall is also undergoing remodeling on the largest scale in Korea. The department store also plans to expand its market share by developing the Suseo branch (2029) and Songdo branch (2030) into a landmark department store, starting with the expansion of the Gwangju branch in 2028. The duty-free shop will complete construction of the Incheon Airport Terminal 2 store in 2025. In the first half of 2026, the Myeongdong branch, a downtown duty-free shop, will reopen with stronger luxury brands.

Shinsegae International plans to lay the foundation for continued growth through overseas expansion of cosmetics brands such as ‘Amuse’, ‘Swiss Perfection’ and ‘Yeonjak’ and fashion brand ‘Harley-Davidson Collections’.

An official from Shinsegae Co., Ltd. said, “In order to meet the government’s value-up policy and increase the corporate value of undervalued companies, we have established a plan to review and improve the overall company operation,” and added, “We will continue to strengthen the competitiveness of our main business, cancel treasury stocks, increase dividends, etc. “Through an active shareholder return policy, we will leap forward as a top-tier company with long-term competitiveness,” he said.