Mirae Industry to Split Stock 5-for-1, Expanding Share Count from 5.09M to 25.45M
Mirae Industry (025560) will split its shares 5-for-1, reducing par value from KRW 500 to KRW 100 and expanding total shares outstanding from 5.09 million to 25.45 million. An extraordinary general meeting is scheduled for June 24, with new shares set to list on July 27.
- Mirae Industry (025560) approved a 5-for-1 stock split on May 11, 2026, cutting par value from KRW 500 to KRW 100
- Shares outstanding expand from 5.09M to 25.45M, with new shares listing July 27
Mirae Industry (025560) announced via a DART regulatory filing that its board of directors, at a meeting on May 11, 2026, approved a stock split that will subdivide each common share with a KRW 500 par value into five shares with a KRW 100 par value. As a result, total shares outstanding will increase fivefold, from 5,090,828 to 25,454,140 shares.
Why Mirae Industry — Improving Liquidity on the Back of Strong Semiconductor Equipment Results
Mirae Industry is a KOSDAQ-listed manufacturer of semiconductor and electronic component production equipment. The company posted annual revenue of approximately $34.4M in FY2025, an 87.8% year-over-year increase (per Dealsite and NBN Media), driven by robust demand for its core products amid rising semiconductor capital investment in China.
The stated purpose of this stock split is to improve share liquidity. Prior to the split, the relatively low float of approximately 5.09 million shares resulted in a structurally elevated per-share price, creating a higher barrier to entry for retail investors. Post-split, with shares outstanding rising to 25.45 million, the lower per-share price should broaden retail accessibility. It is important to note that a stock split does not alter a company's total market capitalization or shareholders' equity. As each share is divided into five, the theoretical per-share price adjusts to one-fifth of its pre-split level.
Sector Cycle — Key Variable Is Whether China Semiconductor Capex Tailwinds Continue
Daily Invest reported a "solid earnings outlook for Mirae Industry tied to China semiconductor investment." The roughly 88% surge in FY2025 revenue is attributed to growing demand for semiconductor equipment exports to China. However, ongoing U.S.-China technology trade tensions represent a material risk factor, as the export environment could shift at any time.
Stock Split Timeline at a Glance
- Board approval date: May 11, 2026
- Extraordinary general meeting (EGM) scheduled: June 24, 2026 (split resolution to be put to vote)
- Trading suspension period: July 7 – July 24, 2026
- New shares effective date: July 9, 2026
- New shares listing date: July 27, 2026
The timeline becomes binding only upon shareholder approval at the EGM. The original filing explicitly states that "the schedule, procedures, and other necessary matters related to the stock split may be subject to change pending shareholder resolution or consultation with relevant authorities and regulatory bodies." No separate share certificate submission process is required under the electronic securities system.
A stock split does not directly alter company fundamentals. While the increased float enhances trading accessibility, earnings per share (EPS) will be proportionally diluted by the same factor. Given that the split coincides with a period of improving operating performance, investors should be mindful of the potential for heightened short-term price volatility.
This article was automatically generated based on the original DART regulatory filing and external news reports, with the primary goal of delivering key data promptly following the announcement. Readers are advised to verify the original company disclosure before making any trading decisions. Filing link: https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260511800375
025560Frequently Asked Questions
What is a stock split, and do existing shareholders lose money?
A stock split divides each existing share into multiple shares. In this case, one share becomes five — meaning shareholders receive five times as many shares, but the per-share price adjusts theoretically to one-fifth of its previous level. The total value of a shareholder's holdings remains unchanged, so there is no financial loss. The primary benefit is that a lower per-share price makes the stock more accessible to retail investors.
Will there be a period when Mirae Industry shares cannot be traded due to the split?
Yes. According to the filing, a trading suspension period has been set from July 7 to July 24, 2026. During this window, shares of Mirae Industry (025560) cannot be bought or sold. Trading in the new post-split shares is expected to resume on July 27, 2026.
What steps remain before the stock split is finalized?
The split must be approved by shareholders at an extraordinary general meeting (EGM) scheduled for June 24, 2026. The original filing notes that 'the schedule and procedures may be subject to change pending shareholder resolution or consultation with relevant regulatory authorities,' meaning the timeline remains subject to revision.
What does Mirae Industry's recent financial performance look like?
Mirae Industry posted annual revenue of approximately $34.4M in FY2025, representing an 87.8% year-over-year increase (per Dealsite and NBN Media). The strong growth is primarily attributed to robust sales of its core products driven by rising semiconductor capital investment in China.
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