{
  "id": 327739,
  "title": "Coway Announces Financial Results for Q2 FY2026",
  "url": "https://urgent.news/2026/08/07/coway-announces-financial-results-for-q2-fy2026",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-07T17:42:36.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=274388"
  },
  "original_language": "en",
  "account": "Coway Co. Ltd. unveiled its Q2 FY2026 financial results, highlighting robust growth across various segments. Chief Financial Officer Soontae Kim credited the second-quarter surge to \"steady increases in our sales volume and expansion across our rental accounts both domestically and globally.\"\n\nFor the second quarter, Coway posted KRW 1,442.2 billion in revenue, a 14.6% year-over-year increase. Operating profit followed suit at KRW 253.2 billion, reflecting a 4.3% YOY growth. These figures are derived from the consolidated K-IFRS statement.\n\nOn a half-year basis, the company reported KRW 2,771.9 billion in revenue, up 13.9% YoY, alongside an operating profit of KRW 504.1 billion, marking an 11.1% YOY increase.\n\nDomestic market revenue reached KRW 786.8 billion, up 7.7% YoY, driven by strong sales of ice-making water purifiers, mattresses, and massage chairs under the BEREX brand. BEREX's innovative products, such as the 'BEREX R Series Stretching Motion Bed' and 'BEREX M Series Massage Bed,' contributed to its expansion in the domestic sleep-tech market.\n\nThe rental portfolio's diversification, including wall-mounted air conditioners, food waste disposers, and home medical devices, spurred a 51.6% YoY surge in domestic net rental account additions, totaling 242,000.\n\nOverseas subsidiaries also performed well, generating a combined KRW 587.5 billion in revenue, representing a 24.2% year-over-year increase. Notably, subsidiary sales showed balanced growth across all product categories: Malaysia (KRW 434.5 billion, +22.2% YoY), United States (KRW 66.9 billion, +15.2% YoY), Thailand (KRW 66.0 billion, +53.9% YoY), and Indonesia (KRW 13.3 billion, +12.2% YoY).",
  "summary": "Coway Co. Ltd. announced its financial results for the second quarter of 2026.“In the second quarter, we demonstrated strong growth potential thanks to steady increases in our sales volume and expansion across our rental accounts both domestically and globally,” said Soontae Kim, Coway’s Chief Finan",
  "key_points": [],
  "editors_take": null,
  "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."
}