1. What Happened?: Hanon Systems Rights Offering IR Session

Hanon Systems held an IR session on September 29, 2025, to discuss the details of its planned rights offering. The session provided information on the purpose and scale of the offering, the intended use of funds, and addressed investor questions.

2. Why?: The Rationale Behind the Rights Offering

Despite revenue growth in the first half of 2025, Hanon Systems faced declining profitability and a high debt-to-equity ratio (257.2%). The rights offering aims to raise capital for financial restructuring and future growth initiatives. The market is closely watching how the raised capital will contribute to enhancing the company’s value.

3. So What?: Potential Impact of the Rights Offering

  • Positive Impacts: Improved financial structure, increased future investment, stabilized credit rating, enhanced corporate image.
  • Negative Impacts: Share dilution, fundraising costs, potential inefficiency in fund utilization.

Given the rights offering follows a change in majority shareholder (Hankook Tire & Technology), expectations are high for synergy between the two companies. Investments in R&D to address the growing electric vehicle market are also a key area of focus.

4. Investor Action Plan: Key Takeaways from the IR Session

  • Size and offer price of the rights offering
  • Planned use of funds (R&D investment, facility investment, etc.)
  • Synergy with Hankook Tire & Technology
  • Future earnings outlook
  • Impact of exchange rate and interest rate trends

Careful analysis of the IR session content and consideration of the above key points are crucial for making informed investment decisions. Focus on long-term growth potential rather than short-term stock price fluctuations.