{
  "id": 18419931,
  "title": "Coway Announces Financial Results for Q3 FY2026",
  "url": "https://urgent.news/2026/11/06/coway-announces-financial-results-for-q3-fy2026",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-06T02:08:51.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=280661"
  },
  "original_language": "en",
  "account": "Coway Co., Ltd has released its financial results for the third quarter of FY2026, highlighting strong growth both domestically and internationally. Coway's Chief Financial Officer, Soontae Kim, attributed the company's stable growth trajectory to strong demand for environmental home appliances and the success of new product categories.\n\nFor the quarter, Coway reported total revenue of KRW 1,426.1 billion, a 13.7% year-over-year increase. Operating profit also grew by 7.3% year-over-year, totaling KRW 260.8 billion. The figures are based on the company's consolidated K-IFRS (International Financial Reporting Standards) statement.\n\nIn the domestic market, Coway's revenue reached KRW 754.9 billion, reflecting a modest 2.0% year-over-year increase. The company's seasonal promotions and the introduction of new product categories, such as ice water purifiers, beds, and massage chairs, contributed to steady sales across key product lines. Additionally, rental sales grew by 7.3% year-over-year, with net rental account additions surging 26.7% to 214,000 units. The launch of new summertime appliances, including food waste disposers and wall-mounted air conditioners, further bolstered domestic sales.\n\nOverseas, Coway's subsidiaries also delivered impressive results. Total revenue from overseas operations reached KRW 591.8 billion, representing a 26.2% year-over-year increase. Key markets such as Malaysia, the United States, Thailand, and Indonesia demonstrated strong sales growth across all product categories. Notably, the Malaysia subsidiary's Q3 revenue increased by 21.5%, while the United States subsidiary saw a remarkable 45.8% year-over-year surge. Other subsidiaries in Thailand and Indonesia also reported significant growth, with revenue increases of 38.0% and 21.8% respectively.",
  "summary": "Coway Co., Ltd has announced its financial results for the third quarter of 2026.“On top of strong demand for our environmental home appliances, the robust sales of our new product categories have enabled us to maintain a stable growth trajectory in both domestic and overseas markets,” said Soontae",
  "key_points": [
    "Coway reported KRW 1,426.1 billion revenue, a 13.7% YoY increase",
    "Operating profit grew 7.3% YoY to KRW 260.8 billion",
    "Overseas revenue up 26.2%, with Malaysia and US subsidiaries excelling"
  ],
  "editors_take": "Expanding product categories and aggressive international growth transform the company from a domestic appliance provider into a global leader driven by surging demand in overseas markets like the United States.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}