External broker reports(aggregated public sources), Daishin Securities

Daishin Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Samsung Electro Mechanics Co, Ltd. / Equity Bottom-Up

Samsung Electro Mechanics Co, Ltd. (009150 KS)

<ul><li>The component supplier seems to be performing well on a constant basis as its 4Q25 OP recorded W239.5bn (+108.2% YoY, -8% QoQ), beating our prior estimate of W232bn by 3.2%.</li><li>It was also 4.8% above the market expectation of W228.6bn.</li><li>Revenue is estimated at W2.9tn (+16.4% YoY, +0.5% QoQ), beating our estimate by 1.8% and the market consensus by 2.2%.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The component supplier seems to be performing well on a constant basis as its 4Q25 OP recorded W239.5bn (+108.2% YoY, -8% QoQ), beating our prior estimate of W232bn by 3.2%.It was also 4.8% above the market expectation of W228.6bn.Revenue is estimated at W2.9tn (+16.4% YoY, +0.5% QoQ), beating our estimate by 1.8% and the market consensus by 2.2%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Samsung Electro Mechanics (009150 KS Jan 26, 2026) - Strong 4Q25, Even Stronger 1Q26 Ahead!