1. What Happened? YeRimDang’s Q2 2025 Earnings Analysis

YeRimDang’s Q2 2025 results present a mixed bag. While the sale of T’way Holdings significantly boosted liquidity, the core publishing business continues to struggle. Revenue was 2.5 billion KRW, operating profit recorded a loss of 200 million KRW, and the net profit of 139.5 billion KRW is attributed to one-off gains from discontinued operations.

2. Why These Results? Reasons for the Sluggish Performance

Structural factors such as the downturn in the publishing market, intensified competition, and declining birth rates have contributed to YeRimDang’s poor performance. The lack of clear growth drivers beyond the ‘Why? Series’ is also a major factor.

3. What’s Next? Future Outlook and Investment Strategies

YeRimDang’s future stock price hinges on securing sustainable growth drivers. Efforts such as expanding content using the ‘Why? Series’ IP, digital transformation, and developing new businesses are crucial. While the improved financial structure is positive in the short term, improvement in the core business’s profitability is key in the mid-to-long term. The investment recommendation is ‘Hold,’ and investors should monitor the progress of new business development and the performance of the digital content business.

4. Action Plan for Investors

  • Short-term investors: Be mindful of short-term stock price volatility while anticipating the effects of improved financial structure.
  • Mid-to-long-term investors: Continuously monitor the improvement in core business performance and securing new growth drivers.
  • All investors: Consistently gather information on publishing market trends and changes in the competitive landscape.