Hankook & Company (000240)

Hankook & Company (000240) is the holding company of the Hankook Tire group: it runs the AtlasBX storage-battery business in-house and controls Hankook Tire & Technology. In ETFpedia it is the industrial holding-company case of the Korea Financials & Holdings High Dividend concept: Q1 2026 operating profit was ₩121.7 billion, and the fiscal 2025 dividend rose to ₩800 a share.

Ticker000240
ExchangeKOSPI
SectorIndustrials · Holding Company
CountrySouth Korea
Held by ETFDAISHIN343 금융&지주고배당 ETF (0189Z0)
WikidataQ18156499
Last updated2026-06-10
Financial snapshotas of2026-06-10

Next event:Next report · H1 2026 반기보고서 (semi-annual report), estimated · Estimated from Korea's 45-day semi-annual filing deadline; not company-confirmed. Hankook & Company announced its Q1 2026 provisional results on May 13, 2026. (source)

Latest reported quarter:Q1 2026 (ended Mar 31, 2026) (reported2026-05-13)

Hankook & Company reported provisional Q1 2026 consolidated revenue of ₩378.4 billion, down 2.7% year over year, and operating profit of ₩121.7 billion, down 4.1%, though both rebounded from the prior quarter (+11.2% and +64.9%). The battery business absorbed higher raw-material and logistics costs while premium AGM battery sales kept growing, and equity-method income rose on Hankook Tire & Technology's solid results.

Revenue (provisional, consolidated)₩378.4bn-2.7%YoY · +11.2% quarter over quarter
Operating profit₩121.7bn-4.1%YoY · +64.9% quarter over quarter

Primary source

Recent & upcoming events

  • · FY2025 year-end dividend set at ₩800 a share.The board approved a fiscal 2025 year-end cash dividend of ₩800 per common share, ₩75.77 billion in total and about a 2.6% yield, with a March 31, 2026 record date and payment within a month of the March 26 annual general meeting. (source)
  • · Q1 2026 provisional results: ₩121.7 billion operating profit.Revenue of ₩378.4 billion (-2.7% YoY) and operating profit of ₩121.7 billion (-4.1% YoY) rebounded 11.2% and 64.9% from the prior quarter; AGM battery sales kept growing and equity-method income rose on Hankook Tire & Technology. (source)
  • · Named holding in the newly listed DAISHIN343 금융&지주고배당 ETF.Daishin Asset Management's monthly-distribution ETF (0189Z0), tracking the KRX-Akros Financial & Holdings High Dividend Index, listed on KRX with Hankook & Company among its featured holding companies. (source)

Q1 2026 figures are from the company's provisional (잠정) announcement and Korean press coverage; audited detail follows in the DART 분기보고서. Dividend terms are from the February 2026 board disclosure as reported by Digital Today.

Figures are as of 2026-06-10 and reflect the most recent public filings/IR releases; they are updated after each earnings report.

What does Hankook & Company do?

Unlike a pure paper holding company, Hankook & Company operates a business of its own: the AtlasBX-brand storage-battery division, which sells lead-acid and premium AGM (absorbent glass mat) batteries worldwide and generated most of the ₩378.4 billion of consolidated Q1 2026 revenue (Hankook & Company). On top sits the control stake in Hankook Tire & Technology, the group’s global tire maker, whose results flow in as equity-method income, and whose own reach expanded when it completed the acquisition of a 54.77% stake in automotive thermal-management supplier Hanon Systems in January 2025, adding a third leg to the group alongside tires and batteries (Financial News).

Why is Hankook & Company a high-dividend, low-PBR name?

Because the holding-company discount does the yield work. Korean listed holding companies have long traded roughly 30% to 60% below the value of the stakes they own (The Korea Economic Daily), and at a price depressed that far, an ordinary dividend stream gets a high effective yield, with re-rating optionality layered on top by every value-up policy that pushes the discount narrower. The dividend itself is moving: the board set the fiscal 2025 year-end dividend at ₩800 per common share, ₩75.77 billion in total and about a 2.6% yield, with a March 31, 2026 record date under Korea’s reformed decide-first, record-later procedure (Digital Today), and Chairman Cho Hyun-bum has said the holding company would review interim dividends to lift shareholder value (Asia Economic Daily). That combination is why it sits alongside Lotte Corporation and SK Discovery among the holding companies in the DAISHIN343 금융&지주고배당 ETF (Newspim).

What did Hankook & Company report most recently?

In Q1 2026 (quarter ended March 31, 2026), provisional consolidated revenue was ₩378.4 billion, down 2.7% year over year, and operating profit was ₩121.7 billion, down 4.1%, as raw-material prices and logistics costs pressured the battery business; against the prior quarter both rebounded, revenue by 11.2% and operating profit by 64.9% (Hankook & Company). Premium AGM battery sales kept growing through the cost squeeze, and equity-method income rose on Hankook Tire & Technology’s solid run:

“Even as global business uncertainty, including geopolitical issues, expands, as an operating holding company we are maintaining a stable sales flow in the battery business and will keep strengthening the competitiveness of our affiliates.” (translated)

— Hankook & Company official (Good Morning Economy, May 13, 2026)

What are the risks for Hankook & Company?

  • The discount can persist. A holding company’s gap to net asset value narrows on policy and governance catalysts, not on schedule; without them the cheapness simply continues (The Korea Economic Daily).
  • Tire-cycle dependence. Equity-method income from Hankook Tire & Technology is the swing factor in reported profit, and it tracks global auto demand and tire pricing (Hankook & Company).
  • Battery cost squeeze. Lead and logistics costs cut battery margins in Q1 2026, and the division is the in-house revenue base (Good Morning Economy).
  • Lowest yield in the basket. At about 2.6%, the dividend yield trails the concept’s banks and insurers, so the investment case leans harder on the discount narrowing than on income (Digital Today).

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Frequently asked questions about Hankook & Company

What does Hankook & Company do?

Hankook & Company is the operating holding company of the Hankook Tire group. It runs the AtlasBX-brand storage-battery business in-house, selling lead-acid and premium AGM batteries worldwide, and controls Hankook Tire & Technology, the group's global tire maker, which completed the acquisition of a 54.77% stake in automotive thermal-management supplier Hanon Systems in January 2025 (Hankook & Company; Financial News).

What did Hankook & Company report in Q1 2026?

Provisional consolidated revenue of ₩378.4 billion, down 2.7% year over year, and operating profit of ₩121.7 billion, down 4.1%, as raw-material and logistics costs pressured the battery business; against the prior quarter, revenue and operating profit rebounded 11.2% and 64.9%. Premium AGM battery sales kept growing, and equity-method income rose on Hankook Tire & Technology's solid results (Hankook & Company; Good Morning Economy).

What is Hankook & Company's dividend?

For fiscal 2025 the board set a year-end cash dividend of ₩800 per common share, ₩75.77 billion in total and about a 2.6% yield, with a March 31, 2026 record date under Korea's reformed decide-first, record-later dividend procedure (Digital Today). Chairman Cho Hyun-bum has also said the holding company would review interim dividends to lift shareholder value (Asia Economic Daily).

Why is Hankook & Company in a high-dividend, low-PBR concept?

Because the holding-company discount does the yield work. Korean listed holding companies have long traded roughly 30% to 60% below the value of the stakes they own (The Korea Economic Daily), and at that kind of discount an ordinary dividend stream prices like a high one, with every value-up policy that narrows the gap added as upside. Hankook & Company is held alongside Lotte Corporation and SK Discovery in the DAISHIN343 금융&지주고배당 ETF for exactly that profile (Newspim).

When does Hankook & Company report its next earnings?

Korean issuers do not pre-announce earnings dates. Hankook & Company released Q1 2026 provisional results on May 13, 2026, and the regulatory H1 2026 반기보고서 (semi-annual report) is due around August 14, 2026 under Korea's 45-day deadline; the date is estimated (Hankook & Company).

Sources & references

  1. 한국앤컴퍼니, 1분기 매출액 3,784억 원, 영업이익 1,217억 원 발표 · Hankook & Company, 2026-05-13
  2. 한국앤컴퍼니, 1분기 영업이익 1217억…"계열사 경쟁력 지속 강화할 것" · Good Morning Economy (굿모닝경제), 2026-05-13
  3. 한국앤컴퍼니, 보통주 1주당 800원 결산 현금배당 결정 · Digital Today (디지털투데이), 2026-02-20
  4. 한국타이어, 한온시스템 인수 완료.. 신임 대표에 이수일 부회장 · Financial News (파이낸셜뉴스), 2025-01-03
  5. [단독]조현범 "한국앤컴퍼니, 중간배당 검토…주주 가치 제고" · Asia Economic Daily (아시아경제), 2024-02-29
  6. 할인율 과도 vs 적정 가치…불거지는 지주사 저평가 논란 · The Korea Economic Daily (한국경제), 2021-07-21
  7. 한국앤컴퍼니 (corporate site) · Hankook & Company
  8. 대신자산운용, 'DAISHIN343 금융&지주고배당 ETF' 신규 상장 · Newspim, 2026-06-09