Namuga Decides on Sixth Treasury Share Purchase Immediately After Cancellation, Continues Expanding Shareholder Returns

Namu Ga, a company specializing in camera modules and 3D sensing technology, announced on August 21 that its board of directors has approved a trust agreement for the acquisition of treasury shares worth 5 billion KRW, representing approximately 2.5% of its total issued shares.

This marks the sixth such decision since the first purchase in October 2023. Notably, the new agreement was signed immediately after the previous batch of shares was retired. This is considered a rare example of a shareholder-friendly policy among listed companies in Korea, and it is seen as a clear demonstration of the company's commitment to consistently implementing its shareholder return policy.

Office image of Namu Ga in Seongnam, Gyeonggi. Namu Ga

To date, Namu Ga has acquired treasury shares worth a total of 25 billion KRW over five rounds, and every batch has been retired without exception. This approach goes beyond simply acquiring and holding shares; it creates a virtuous cycle in which the company purchases, retires, and then acquires new shares again.

Lee Dongho, CEO of Namu Ga, stated, "This decision is not a one-off event, but a strategic measure aimed at maximizing long-term shareholder value." He added, "We will continue responsible management based on trust with our shareholders and establish ourselves as the company with the most proactive shareholder-friendly policies in the domestic market." He further emphasized, "We will continue to lay the foundation for sustainable corporate growth by keeping our promises to the market."

Namu Ga is also pursuing a cash return policy. At the 21st annual general meeting of shareholders held in March, the company paid its first-ever cash dividend since its founding. At that time, the dividend yield was 4.9%, and the payout ratio was 36.6%, both exceeding the market average. By continuously implementing dividends, treasury share acquisitions, and retirements, Namu Ga claims it is differentiating itself from other companies by enhancing the multidimensionality and sustainability of its return policy.

This sixth acquisition is not a short-term measure to boost the stock price, but is evaluated as a strategy to achieve the clear goal of enhancing long-term shareholder value through a consistent cycle of acquisition, retirement, and reacquisition. Namu Ga expects that this decision will lead not only to short-term results but also to improved corporate value and increased market trust over the medium and long term.

Image of wood inside a factory in Vietnam. Wood