Shareholder Structure
| Name | Numbers of Shares | Stake |
|---|---|---|
| Kakao | 4,946,821 | 21.61 |
| Kakao Entertainment | 4,554,220 | 19.89 |
| HYBE | 2,212,237 | 9.66 |
| Treasury Stock | 0 | 0.00 |
| Others | 11,181,412 | 48.84 |
| Total | 22,894,690 | 100.00 |
(Unit: Shares, %)
Dividend Payments
| Division | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Par value per share (KRW) | 500 | 500 | 500 | 500 | 500 | 500 |
| Dividend per share (KRW) | – | – | 200 | 1,200 | 1,200 | 400 |
| Total payout | – | – | 47 | 284 | 281 | 92 |
| Net income (Consolidated) | (162) | (803) | 1,332 | 820 | 826 | 8 |
| Net income (Parent) | 123 | (300) | 610 | 687 | 649 | 603 |
| Payout ratio (Consolidated) | – | – | 3.5% | 34.6% | 34.0% | 1118.4% |
| Payout ratio (Parent) | – | – | 7.7% | 41.3% | 43.3% | 15.2% |
| Dividend yield | – | – | 0.3% | 1.6% | 1.3% | 0.5% |
(Unit: KRW 100M)
Shareholder Return Policy
2023 – 2025
- SM Entertainment will carry out the following, maintaining net debt/expected annual EBIT ratio of 0.5~1.0x (based on standalone financial statements)
- Make investments established in the business plan in advance, reserving some cash in preparation for potential investment,
- Secure financial resources for shareholder return to the extent that net debt does not exceed the target net debt,
- And use this for shareholder return.
- In addition, if the financial resources for shareholder return are lower than 30% of standalone net income, 30% of standalone net income will be returned to shareholders.
※ Announced on Feb 7th, 2024
※ SM Entertainment plans to re-announce the shareholder return policy every three years or when needed.
2022 – 2024
- SM Entertainment has established a shareholder return policy to enhance shareholders’ value.
- SM Entertainment will return at least 20% of standalone net income to shareholders for three years(FY2022-FY2024).
※ Announced on Jan 20th, 2023
※ SM Entertainment plans to re-announce the shareholder return policy every three years.