[Click eStock] "Kosem, Q4 Peak Season... High Growth Potential with Innovative Products"

Kiwoom Securities assessed on the 23rd that Kosem is expected to see a performance rebound in the fourth quarter of this year due to the peak season, and that its high growth potential through future innovative products remains valid.

Oh Hyunjin, a researcher at Kiwoom Securities, stated in a report on the same day, “Kosem's third-quarter performance recorded sales of 2.6 billion KRW (a 60% increase compared to the same period last year) and an operating loss of 400 million KRW (continued deficit).” He analyzed, “In the first half of this year, performance was somewhat sluggish due to a decrease in research sales in major countries such as China, but in the third quarter, growth was recorded compared to the previous year due to the effect of new product launches in Europe and the United States.”

In the fourth quarter of this year, the performance rebound is expected to continue, supported by the seasonal peak. Researcher Oh said, “The expected performance for this year is sales of 13.5 billion KRW (a 1% decrease compared to the previous year) and an operating loss of 200 million KRW (turning to deficit).” He added, “Despite the decrease in the proportion of sales from China, the overall scale is maintained, so additional growth potential is expected when the Chinese market recovers.”

Kosem plans to accelerate growth through the launch of converged products in 2025. The scanning electron microscope market is expected to grow through increased demand across various industries and integration with peripheral devices.

He explained, “The ion mill electron microscope (IP-SEM), scheduled for release in 2025, enables simultaneous sample processing and analysis, and sales expansion is expected in the secondary battery and semiconductor industries.” He also said, “The AI-based next-generation electron microscope (AI-SEM) has competitiveness compared to existing products in terms of user convenience and speed.”

Furthermore, he stated, “The electron microscope capable of atmospheric observation (A+ SEM), which is attracting attention as a mid- to long-term growth driver, aims to expand into various markets including biological research.” He added, “The A+ SEM is being developed based on new materials while overcoming high technical barriers, with pilot production planned for 2026 and full-scale mass production targeted for 2027.”

He concluded, “Considering the high growth potential of innovative products, Kosem's corporate value will be significantly enhanced depending on development outcomes.” He forecasted, “In particular, next-generation products such as IP-SEM, AI-SEM, and A+ SEM will strengthen competitiveness in the scanning electron microscope market and increase Kosem's market dominance.”