1. Aniplus Announces Q1 Dividends

Aniplus announced a cash and in-kind dividend of 70 KRW per share for Q1 2025 on August 12, 2025. While the dividend yield of 1.49% isn’t exceptionally high, the consistent dividend policy can be viewed positively by investors.

2. Shining Growth: Laftel and IP Business

The true growth drivers for Aniplus are Laftel and its IP business. Laftel’s consistent growth fuels Aniplus’s revenue increase, and the company is pursuing revenue diversification by strengthening its IP business. This significantly enhances its long-term growth potential.

  • Laftel’s growth: A major factor in the 14.2% YoY increase in consolidated revenue.
  • IP business expansion: Pursuing revenue diversification through Roun Company C&C and Media & Art.

3. Financial Risks to Watch

However, the high intangible assets resulting from the Animax acquisition and the significant issuance of convertible bonds pose financial risks. Investors need to carefully consider these risk factors.

  • Intangible asset impairment risk: Possibility of impairment of intangible assets related to the Animax acquisition (140.5 billion KRW).
  • Convertible bond burden: Share dilution and interest expense burden due to convertible bond issuance.

4. Action Plan for Investors

If you are considering investing in Aniplus, continuous monitoring of Laftel’s sustained growth, IP business performance, and financial risk management strategy is crucial. Pay close attention to changes in the competitive landscape and the company’s response strategies.