[Click eStock] "iFamilySC, Continued Growth"

Meritz Securities forecasted on the 12th that iFamilySC will continue to grow steadily based on new regional expansion and product line diversification. They issued a 'Buy' investment rating with a target price of 50,000 KRW.

iFamilySC recorded sales of 49 billion KRW and an operating profit of 7 billion KRW in the second quarter of this year. These figures represent increases of 33.6% and 37.5%, respectively, compared to the same period last year.

Hanuri, a researcher at Meritz Securities, explained, "Operating profit fell short of market expectations by 29.7%," adding, "This was largely due to the base effect in Japan."

He continued, "Sales in Japan amounted to 10.7 billion KRW, a 23.1% decrease compared to the same period last year," noting, "This was due to the base effect from Lawson's store entry in the second quarter of last year."

He emphasized, "A new Japan-exclusive eye and lip product will be launched in the third quarter of this year," and added, "The transition to growth should not be difficult."

Researcher Han analyzed, "External growth will continue based on discovering new regions such as North America, Europe, the Middle East, and Southeast Asia, expanding Nuz store openings, and diversifying product lines with additional Rom& SKU."

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