SUN&L Accelerates Transformation into a Global Lifestyle Beauty Packaging Company… Announces 2030 Growth Targets

*This content was translated by AI.

SUN&L (SUN&L Co., Ltd.), a KOSPI-listed company, is fully transforming from a traditional wood products company into a global lifestyle beauty packaging firm.

SUN&L disclosed its medium- to long-term growth vision and plans to enhance corporate valuation, bringing about changes across various areas including sales composition.

According to the disclosure filed on the 29th of last month, SUN&L aims to expand the beauty sector's share of total sales from the current 48% (projected for 2026) to 75% by 2030, while achieving total company sales of 280 billion won. To this end, the company plans to strategically launch high-value-added items such as essence pumps and triggers, driving an annual compound annual growth rate (CAGR) of 20% in the lifestyle beauty sector and maintaining an operating profit margin of 8% or higher.

The company is also accelerating efforts to strengthen profitability. SUN&L plans to raise its return on equity (ROE), which stood at -1.6% as of 2025, to 20% by 2030, and normalize its price-to-book ratio (PBR), currently at 0.13 times, to 2.0 times.

In addition, the company intends to liquidate loss-making overseas subsidiaries, including those in New Zealand, by the end of 2026, restructure its interior design portfolio, and achieve a consolidated operating profit turnaround for the entire group by 2027. Furthermore, it plans to reduce its debt ratio from the current 114% to 70% or below by 2030 through the sale of idle real estate assets valued at 260 billion won, including properties in Incheon and Cheonan. The company has already completed contracts totaling 57.4 billion won, representing 22% of its target, and is accelerating efforts to ensure financial soundness.

Dividends will resume in line with the turnaround in performance. To restore its past reputation as a "long-term high-dividend company," SUN&L plans to continuously increase its dividend payout ratio in proportion to earnings. Additionally, the company aims to resolve information asymmetry with shareholders by holding regular investor relations (IR) meetings with direct management participation and establishing a dedicated organization.

A SUN&L representative stated, "This corporate valuation enhancement plan is not an event for show, but a strong commitment by the company to be reevaluated as a lifestyle beauty firm. We will transparently report our progress through disclosures at least once a year and work together with shareholders to achieve SUN&L's renaissance."

SUN&L Co., Ltd. (SUN&L) was founded in 1959 as Seonchang Industry and is a leading packaging specialist in South Korea. Beyond simple container manufacturing, the company provides innovative packaging solutions that capture customers' beauty and value. It continues to pursue sustainable growth by implementing its corporate mission: "Creating beautiful lives for humanity through value-driven technology and building a warmer world through active social contribution."

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*This content was translated by AI.