HS Holdings Co.,Ltd. (8699) Stock Price

HS Holdings provides a wide range of financial services centered on banking operations. Specifically, the company operates credit guarantee services, leasing services, credit card services, and other financial businesses. Through these offerings, HS Holdings delivers comprehensive financial solutions to its customers.

Additionally, HS Holdings engages in used goods resale business, investment operations, and M&A advisory and consulting services. The resale business is conducted through its subsidiary STAYGOLD Corporation, promoting a sustainable business model.

In banking-related operations, HS Holdings operates Haan Bank, Kyrgyzkommertsbank, and Solid Bank. Through these banks, the company provides financial services closely aligned with local communities and contributes to regional economic development.

As part of its other business segments, HS Holdings expands international financial services through H.S. International (Asia) Limited and HS FINANCIAL Pte. Ltd. This strategy supports the company's global business expansion.

HS Holdings is pursuing a unique financial conglomerate strategy, expanding its financial services business and strengthening high-growth sectors. The company is driving operational efficiency improvements while pursuing further development.

The company aims to strengthen collaboration among group companies and provide high-quality customer satisfaction services. It is developing number-one and unique services in each business segment, working to expand its customer base and maximize corporate value.

Under its medium-term management plan, the company targets maintaining ROE—a measure of capital efficiency—at 10% or above on a stable basis. In fiscal 2023, the company achieved ROE of 15.3%, exceeding its target.

The operating environment remains unstable, with concerns about rising prices due to yen weakness in Japan. While the reuse business continues to expand, there are concerns about gross margin decline due to intensifying competition.

In Mongolia, Khaan Bank maintains competitive advantages and performance is progressing steadily, though concerns remain regarding Chinese economic trends and inflation impacts. Economic uncertainty continues in Kyrgyzstan and Russia.

In the financial services business, the company is focusing on developing new services in response to regulatory changes and deregulation. Notably, the company must reduce its stake in Khaan Bank to 20% or below by 2026.

The reuse business is expected to see revenue growth accompanying market expansion. The company is advancing new store openings and expanding purchase channels while strengthening direct-to-consumer sales.

In investment operations, the company is actively considering investments in emerging Asian markets and unique business ventures. It is also expanding M&A advisory and consulting services to drive growth.

Through operational efficiency improvements, the company is reducing costs and optimizing allocation of management resources. This aims to enhance profitability and corporate value across HS Holdings.