[Concall] Samsung Electronics "Conservative Cash Management Needed... Difficult to Make Major Changes to Shareholder Return Policy"

Samsung Electronics achieved a record high performance with annual sales exceeding 279 trillion won. On the 7th, Samsung Electronics announced that its preliminary consolidated results for last year showed sales of 279.04 trillion won and an operating profit of 51.57 trillion won. The Samsung flag is fluttering in the wind in front of Samsung Electronics' Seocho building on this day. Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Lee Hyeyoung] Samsung Electronics has expressed that it is difficult to make significant changes to its shareholder return policy under the current circumstances.

On the 27th, during the earnings conference call, Samsung Electronics explained, "Although there was an improvement in performance, net cash remained almost unchanged compared to the end of the previous year," adding, "We operate a global production network at the industry's highest level, which requires a large amount of working capital, and unexpected production disruptions occurred at the Austin plant in the U.S. and the Xi'an plant in China."

They further emphasized, "To sustain continuous growth, investment capacity must also be maintained, and considering all factors, a conservative cash flow is necessary, so it is not appropriate to make significant changes to the shareholder return policy at this time." They added, "We will consider efficient capital management."