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Comprehensive
Company Report
C o m p a n y : Lock & Lock Co.,Ltd.
C E O : Lee,Yeong Sang
Tax Registration No. : 312-81-80212
Re p o r t i n g D a t e : 2024.01.22

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Seoul, 150-910, Korea
TEL 82-2-3771-1514 / FAX : 82-2-3771-1485
Subject Summary

Industry Analysis

Profitability Analysis

Stability Analysis

Growth & Activity Analysis

Credit Analysis

Company Profile

Financial Statement

Negative Credit Information

Litigations

Rating Definitions
 01. Subject Summary www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Subject Identification
Subject Name Lock & Lock Co.,Ltd. KIS Credit Rating

President(CEO) Lee,Yeong Sang

Established 2005.12.29 Listed 2010.01.28

Tax Identification 312-81-80212 Corporate 164811-0035647

Type Listed in KSE

Fiscal Year : 2022.12.31
(C22299) BBB- Data of Rating : 2023.04.11

Industry [Rating Desc] BBB is good credit capability for commercial transactions but lowly exposed
on possible credit risk in changes of macro and micro economic condition.
Manufacture of other plastic products n.e.c.
Watch Rating Real-time(daily-based) Credit Monitoring
No. of Employees 445

Tel. 041-520-2300

456-812
Address
1260, Manse-ro Wongok-myeon Anseong-si Gyeonggi

Normal No indication of credit status changes has

Website www.locknlock.com 기준일 : 2023.12.24 been observed. Credit Status is \"normal\".

※ KIScode is an unique ID code which NICE Information Service assigns to each company. The code can be unavailalbe for small companies.

Credit Rating History

※ Notes: Although there can be more than one rating made each year, only the last credit rating of each year is shown above.

Notes: The credit rating is estimated by the analysis based on the recent data of NICE Information Service Inc. The credit rating is for the purpose of indicating level of credit within valid
period of credit reports and can be used as reference to open or maintain business accounts.

The credit rating is valid from the date of the rating to the date of the expiration and doesn't reflect the changes of the corporations' status after the date of the rating. NICE Information
Service Inc. is not responsible for your decisions made based on the credit reports.

Company's Financial Standing within the Industry Cash Flow Rating

CF2
Data of Rating : 2022.12.31
Activity Profitability Stability Growth Scale
* Liquidity of the corporations and level of solvency indicator.

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 01. Subject Summary www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Financial Highlights (Unit : million KRW)

Total Stockho
Fiscal Yr. Total Asset Total Liability Sales(Net) Operating Income Net Income
-Ider's equity
2022.12.31 567,175 62,220 504,955 227,923 -8,334 51,735
2021.12.31 612,977 77,335 535,641 243,540 -658 5,538
2020.12.31 645,506 78,908 566,598 213,217 -11,291 -10,201
Audit Opinion Unqualified Fiscal Year End 20221231

Financial Ratio Highlights

2022.12.31 2021.12.31 2020.12.31
Financial Ratio
Subject B.O.K. Avg. Subject B.O.K. Avg. Subject B.O.K. Avg.
Net Sales Growth % -6.41 6.26 14.22 11.91 4.94 -0.98
Growth Total Assets Growth % -7.47 9.45 -5.04 8.33 -3.51 5.69
Operating Income
Growth % - - - - - -
Income to Total Asset
Ratio % 8.77 2.67 0.88 3.66 -1.55 3.76
Net Income to
Profitability Shareholder's Equtiy % 9.94 5.58 1.00 7.59 -1.76 7.78
Net Income to Net Sales % 22.70 2.68 2.27 3.79 -4.78 4.13
Equity to Total Assets % 89.03 47.98 87.38 48.23 87.78 48.60
Total Liabilities to
Stability Shareholder's Equity % 12.32 108.40 14.44 107.33 13.93 105.76
Total Borrowings to Total
Assets % 2.80 34.62 0.52 33.82 4.06 33.67
Total Assets Turnover Time 0.39 0.99 0.39 0.97 0.32 0.91
Account Receivables
Activity Turnover
Time 9.14 6.50 9.75 6.31 10.00 6.01
Inventory Turnover Time 3.69 10.09 4.45 10.80 4.47 10.70
※ B.O.K. Avg. shows an average value calculated by Bank of Korea every year.

Time Series Analysis of Financial Ratio

Growth Profitability

Stability Activity

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 01. Subject Summary www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Financial Highlights (Quarterly) (Unit : million KRW)

Total Stockho
Fiscal Yr. Total Asset Total Liability Revenue(Net) Operating Income Net Income
-Ider's equity
2023.09.30 582,350 68,331 514,020 162,428 -10,626 24,168

2023.06.30 569,989 59,814 510,175 105,501 -3,026 20,314

2023.03.31 559,755 70,854 488,901 52,056 -1,871 -968

Financial Ratio Highlights (Quarterly)

Financial Ratio 2023.09.30 2023.06.30 2023.03.31 2022.12.31
Net Sales Growth % -6.61 -9.88 -15.32 -6.41
Growth Total Assets Growth % 2.68 0.50 -1.31 -7.47
Operating Income
Growth % - - - -
Income to Total Asset
Ratio % 5.61 7.15 -0.69 8.77
Net Income to
Profitability Shareholder's Equtiy % 19.25 8.00 -0.78 9.94
Net Income to Net
Sales % 14.88 19.25 -1.86 22.70
Equity to Total Assets % 88.27 89.51 87.34 89.03
Total Liabilities to
Stability Shareholder's Equity % 13.29 11.72 14.49 12.32
Total Borrowings to
Total Assets % 2.34 2.64 2.67 2.80
Total Assets Turnover Time 0.38 0.37 0.37 0.39
Account Receivables
Activity Turnover
Time 7.82 8.75 9.54 9.14
Inventory Turnover Time 4.16 3.83 3.74 3.69

Time Series Analysis of Financial Ratio (Quarterly)

Growth Profitability

Stability Activity

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 02. Industry Analysis www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Industry Profile

Industry Name Manufacture of other plastic products n.e.c.

Industry Code (KSIC) C22299

# of Companies in the industry 5931

Financial Analysis of (Manufacture of other plastic products n.e.c.) Industry (Unit : million KRW, %)

Industry Average (Financial) 2022 2021 2020

Total Asset 4,665,886 4,432,490 3,881,966

Total Stockholder’
s Equity 2,766,692 2,624,445 2,300,004

Financial Sales(NET) 3,739,767 3,536,460 2,918,373

Operating Income 223,957 239,306 177,815

Net Income 176,243 223,957 186,818

Operating Income to Net Sales Ratio 4 7 6

Net Income to Total Assets Ratio 4 5 5

Financial Ratio Debt Ratio 69 69 69

Current Ratio 144 140 130

Net Sales Growth 3 21 8

Bankruptcy Rate Analysis (Unit : %) Delinquency Rate Analysis (Unit : %)

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 03. Profitability Analysis www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Key Financial Ratio

B.O.K. NICE
Ratio Unit 2022.12.31 2021.12.31 2020.12.31 Avg. (2022) Industry Avg. (2022)
Operating Income to
Net Sales Ratio % -3.66 -0.27 -5.30 3.55 4.21
Net Income to % 8.77 0.88 -1.55 2.67 3.87
Total Assets Ratio
Interest Coverage Ratio Times -11.11 -1.20 -15.16 300.13 3.54

EBITDA/Sales(Net) % 1.43 4.76 1.11 7.91 5.53

Reference
Ratio Formula Description

Operating Income to Operating Income It is an index that compares the sales and operating profit of the company’s operation
performance; the higher the index the high efficiency of operating business since the
Net Sales Ratio / Sales(Net)) x 100 profit earned is high with the same sales.

Net Income to (Net Income It is an index that compares the assets held by company and gained profit by
company, and it shows how efficiently the asset held by the company is being
Total Assets Ratio / Avg Total Assets) x 100 operating. The higher the better.

Operating Income
Interest Coverage Ratio
/ Financial Charges
It is an index that compares operating profit from outcome of the company’ s operating
activities and financial expenses of the cost of outsourced funds, the higher the high
ability to repay the debt principal and interest through the sales activities of the
company.

EBITDA, sum amount of depreciation cost and intangible assets that does not require
cash from operating profit, is used as the substitution index of cash flow from
EBITDA/Sales(Net) (EBITDA / Sales(Net)) x 100 operating activities. The higher the better because compared to the sales, earned cash
is larger when the ratio is high.

Time Series Analusis of Financial Ratio

Operation Income To Net Sales Ratio (Unit: %) Net Income to Total Assets Ratio (Unit: %)

Interest Coverage Ratio (Unit: %) EBITDA/Sales(Net) (Unit: %)

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 04. Stability Analysis www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Key Financial Ratio

B.O.K. NICE
Ratio Unit 2022.12.31 2021.12.31 2020.12.31 Avg. (2022) Industry Avg. (2022)

Debt Ratio % 12.32 14.44 13.93 108.40 79.89

Current Ratio % 346.47 277.38 242.91 137.11 152.87

Total Borrowings
to Total Assets % 2.80 0.52 4.06 34.62 30.40
Fixed Assets to % 82.74 81.42 89.55 83.81 80.84
Long-term Capital

Reference
Ratio Formula Description

(Total Liabilities / Total
Debt Ratio
Stockholders’Equity) x 100
(Total Current Assets
Current Ratio
/ Total Current Liabilities) x 100
It is an index that compares the borrowed capital (debt), the source of corporate assets,
and equity share capital. The financial structure is poor when the debt ratio goes high
because it means high burden of repayment of debt. Less than 200% of debt ratio is
normal.
It is an index that compares the size of current assets that can be cashed within 1 year
and current liabilities to be repaid within one year of the assets that are held by the
company. As it evaluates the company’ s ability to pay short-term borrowings, the
higher the better ability to pay short-term borrowings.

It is an index that compares the size of the total assets that are held by the company
Total Borrowings (Total Borrowings
and the debt repayment by the company. The higher ratio means the high burden of
to Total Assets /Total Assets) x 100
repayment of debt.

{(Total Non-Current Assets

–Total Deferred Assets)
Fixed Assets to
/ (Total Stockholders’Equity
Long-term Capital + Total Non-Current
Liabilities)} x 100
Because the non-current assets take long time to liquidate through operating activities,
it has to be obtained with less short-term financing obligations when purchasing such
as non-current liabilities and shareholders’equity.

Time Series Analusis of Financial Ratio

Debt Ratio (Unit: %) Current Ratio (Unit: %)

Total Borrowings to Total Assets (Unit: %) Fixed Assets to Long-term Capital (Unit: %)

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 05. Growth & Activity Analysis www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Key Financial Ratio

B.O.K. NICE
Ratio Unit 2022.12.31 2021.12.31 2020.12.31 Avg. (2022) Industry Avg. (2022)

Net Sales Growth Rate % -6.41 14.22 4.94 6.26 2.15

Net Income Growth Rate % 834.17 - - - -28.63

Total Asset Turnover Ratio Times 0.39 0.39 0.32 0.99 0.88

Receivable Turnover Ratio Times 9.14 9.75 10.00 6.50 6.50

Reference
Ratio Formula Description

(Net Sales of Current Period

Net Sales It is an index showing the degree of increased in sales year-on-year, and is desirable to
/ Net Sales of Previous
Growth Rate have the positive (+) value.
Period-1) x 100
(Net Income of Current Period It is an index showing the degree of increased in net profit year-on-year, and is
Net Income
/ Net Income of Previous desirable to have the positive (+) value. If the net income for the year or the previous
Growth Rate
Period-1)x100 year’ s value is less than 0, the value cannot be displayed.

Total Asset Net Sales With the value of sales of the company divided by the total assets, this index shows
Turnover Ratio / Average Total Assets how efficiently the total capital invested in the company is being used.
With the value of sales of the company divided by the annual average amount of
accounts receivable, high level means quick liquidation of the trade receivables that are
Receivable
Net Sales / Average Account held by the company. If the turnover of receivables is excessively lower than the
Turnover Ratio
industry average, there are possibilities of liquidity problems due to elongation of trade
receivables collection period.

Time Series Analusis of Financial Ratio

Net Sales Growth Rate (Unit: %) Net Income Growth Rate (Unit: %)

Total Asset Turnover Ratio (Unit: %) Receivable Turnover Ratio (Unit: %)

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 06. Credit Analysis www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Company Overview
Established in 12,2005, Lock & Lock Co.,Ltd. has 19 years’history in [Manufacture of other plastic products n.e.c.] industry.
The company is represented by Lee,Yeong Sang and has its headquarters at 1260, Manse-ro Wongok-myeon Anseong-si
Gyeonggi .
According to the financial reports released on 12,2022, the company is a [High Potential Enterprises] company with total assets
of KRW 567.18 billion (paid-in capital of KRW 27.5 billion), sales of KRW 227.92 billion, and 445 employees. The type of the
company is classified as Listed in KSE.
The company is an affiliate of [Lock & Lock ] Group, 660th largest group in the industry.
Within the group, the company is ranked at 1 in total assets among the whole affiliates of 2, excluding financial companies.

Credit Opinion
The credit opinion on the company is based on 04,2023 credit grade standard, using the 12,2022 financial statement.

▷ Stability Analysis
Equity to total assets ratio and total liabilities to shareholder’ s equity ratio shall be considered for stability analysis.
The company’ s equity to total assets ratio is 89.03% while the average ratio of [Manufacture of other plastic products n.e.c.]
industry is 55.59%; hence, the company is regarded [Superior] compared to the industry average.
The company’ s total liabilities to shareholder’s equity ratio is 12.32% while the average ratio of [Manufacture of other plastic
products n.e.c.] industry is 79.89%; hence, the company is regarded [Superior] compared to the industry average.
▷ Liquidity Analysis
Net operating capital turnover and current ratio shall be considered for liquidity analysis.
The company exhibits net operating capital turnover of 4.05 times while the average net operating capital turnover of the
industry is 5.21 times.
The company is [Inferior] in comparison with industry average.
The company also shows 346.47% for the current ratio while the industry average is 152.95%, indicating company’ s [Superior]
standing in comparison with the industry average.
▷ Profitability Analysis
To analyze company’ s profitability, net income to total assets ratio and financial expenses to net sales ratio shall be considered.
The company’ s net income to total asset is 8.77% while the industry average is 3.87%; hence, the company is [Superior] to the
industry average.
The company’ s financial expenses to net sales is 0.33% while the industry average is 1.19%. This indicates company’ s [Superior]
standing in comparison with the industry average.
▷ Growth Analysis
The company’ s net sales growth is -6.41% and the total assets growth is -7.47%.
As the industry average net sales growth is 2.15%, it indicates the company is [Inferior] to industry average; also, as the industry
average total assets growth is 3.38% it indicates the company is [Inferior] to industry average.
▷ Activity Analysis
Total assets turnover ratio which indicates the efficiency of the company’s capital utilization is 0.39 times whereas account
receivable turnover ratio which indicates how fast account receivables are collected is 9.14 times.
As the industry average total assets turnover ratio is 0.88 times, the company is [Inferior] to industry average; also as the
industry average account receivable turnover ratio is 6.50 times, the company is [Superior] to industry average.

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 07. Company Profile www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Registration
Company Name Lock & Lock Co.,Ltd. Established Date 2005.12.29
Tax Identification # 312-81-80212 Incorporation # 164811-0035647
President(CEO) Lee,Yeong Sang
Homepage www.locknlock.com
No. of Employees 445
Type/Size Listed in KSE / High Potential Enterprises Listed Date 2010.01.28
(456-456) 1260, Manse-ro Wongok-myeon Anseong-si Gyeonggi
Address
TEL : 041-520-2300 FAX : 041-538-2419
Industry (KSIC) (C22299) / Manufacture of other plastic products n.e.c.
Major Products -
Group Affiliated Lock & Lock
Reference Bank HANA BANK Fiscal Year End 12

Major Shareholders [2023.06.30]

No. of Shares % of Ownership No. of Shares % of Ownership
Shareholder Name
(Common) (Common) (Preferred) (Preferred)
CONSUMERSTRENGTHLIMITED 34,961,267 69.64 % 0 0.00 %
An,Hyeong Jin 498,325 0.99 % 0 0.00 %
Ham,Tae Uk 740 0.00 % 0 0.00 %
Park,Ik Seong 6 0.00 % 0 0.00 %
Total 35,460,338 70.63 % 0 0.00 %

※ Displays up to 5 shareholders

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 07. Company Profile www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Related Companies (as of 2023.06.30) (Unit : million KRW)

Company Name RAKKEOLOOM CORPORATION CO.,LTD.

President (CEO) Park,Eun Seon
Industry (KSIC) Wholesale of Household Electric Appliances and Parts
Wholesale of Household Electric Appliances and Parts 20th Floor, 14, Sejong-daero Jung-gu Seoul
Total Assets 1,839
Financial Highlights
Equity Capital 13
Fiscal Year: Net Sales 7,979
20221231 Net Income -1,057
Company Name -
President (CEO) -
Industry (KSIC) -
-
Total Assets -
Financial Highlights
Equity Capital -
Fiscal Year: Net Sales -
- Net Income -
Company Name -
President (CEO) -
Industry (KSIC) -
-
Total Assets -
Financial Highlights
Equity Capital -
Fiscal Year: Net Sales -
- Net Income -
Company Name -
President (CEO) -
Industry (KSIC) -
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Total Assets -
Financial Highlights
Equity Capital -
Fiscal Year: Net Sales -
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12
 07. Company Profile www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Company Name -
President (CEO) -
Industry (KSIC) -
-
Total Assets -
Financial Highlights
Equity Capital -
Fiscal Year: Net Sales -
- Net Income -

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 08. Financial Statement www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Statement of Financial Position (IFRS, Non-consolidated) (Unit : million KRW)

2022.12.31 2021.12.31 2020.12.31
Accounting Item
Amount Ratio Amount Ratio Amount Ratio
TOTAL NON-CURRENT ASSETS 438,557 77.3 % 451,740 73.7 % 538,668 83.4 %
Total Tangible Assets 84,245 14.9 % 72,230 11.8 % 121,082 18.8 %
Total Intangible Assets 14,963 2.6 % 18,927 3.1 % 19,584 3%
Investment Assets Noncurrent 329,053 58 % 351,464 57.3 % 376,422 58.3 %
Trade and other Receivables 4,855 0.9 % 1,722 0.3 % 6,681 1%
Other Non-financial Asset 357 0.1 % 161 0% 172 0%
TOTAL CURRENT ASSETS 128,618 22.7 % 161,236 26.3 % 106,837 16.6 %
Total Inventory 59,580 10.5 % 63,891 10.4 % 45,558 7.1 %
Trade and other Receivables 22,478 4% 31,405 5.1 % 22,682 3.5 %
Investment Assets Current - 0% 1,915 0.3 % - 0%
Other Non-financial Asset 3,501 0.6 % 4,844 0.8 % 2,254 0.3 %
Cash & Cash Equivalents 43,058 7.6 % 38,179 6.2 % 36,342 5.6 %
TOTAL ASSETS 567,175 100 % 612,977 100 % 645,506 100 %
Issued Capital 27,500 4.8 % 27,500 4.5 % 27,500 4.3 %
(Capital Stocks) 27,500 4.8 % 27,500 4.5 % 27,500 4.3 %
Retained Earnings 163,342 28.8 % 209,206 34.1 % 225,765 35 %
Elements of Other Stockholder’
s
Equity 314,113 55.4 % 298,934 48.8 % 313,332 48.5 %
TOTAL STOCKHOLDERS’EQUITY 504,955 89 % 535,641 87.4 % 566,598 87.8 %
Total Non-current Liabilities 25,098 4.4 % 19,207 3.1 % 34,925 5.4 %
(Total Borrowings) - 0% - 0% 739 0.1 %
Total Current Liabilities 37,122 6.5 % 58,128 9.5 % 43,982 6.8 %
(Trade and other Payables) 30,393 5.4 % 41,984 6.8 % 36,194 5.6 %
(Total Borrowings) 3,518 0.6 % 3,000 0.5 % 5,521 0.9 %
TOTAL LIABILITES 62,220 11 % 77,335 12.6 % 78,908 12.2 %
※ Ratio represents the component ratio to total assets.

Debt Structure (IFRS) (Unit : million KRW)

2022.12.31 2021.12.31 2020.12.31
Accounting Item
Amount Ratio Amount Ratio Amount Ratio
TOTAL BORROWINGS CURRENT 3,518 0.6 % 3,000 0.5 % 5,521 0.9 %
Short-term borrowings 459 0.1 % 204 0% 291 0%
Current portion of long-term
liabilities 3,059 0.5 % 2,795 0.5 % 5,229 0.8 %
Total Short-term Bond - 0% - 0% - 0%
TOTAL BORROWINGS
NON-CURRENT - 0% - 0% 739 0.1 %
(Total Bonds) - 0% - 0% - 0%
(Long-term Borrowings) - 0% - 0% 739 0.1 %
TOTAL BORROWINGS 3,518 0.6 % 3,000 0.5 % 6,260 1%
Financing Lease Liabilities 12,389 2.2 % 200 0% 19,974 3.1 %
TOTAL BORROWINGS
(Including Financing Lease Liabilities) 15,907 2.8 % 3,200 0.5 % 26,234 4.1 %
※ Ratio of Total Borrowings represents the component ratio to Total Assets where as other ratio represents the component ratio to Total Borrowings
(including financing lease liabilities)

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 08. Financial Statement www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Income Statement (IFRS, Non-Consolidated) (Unit : million KRW)

2022.12.31 2021.12.31 2020.12.31
Accounting Item
Amount Ratio Amount Ratio Amount Ratio
REVENUE (NET) 227,923 100 % 243,540 100 % 213,217 100 %
Cost of Sales 144,472 63.4 % 151,149 62.1 % 130,353 61.1 %
GROSS PROFIT 83,450 36.6 % 92,391 37.9 % 82,863 38.9 %
Selling & General Admin.
Expenses 91,784 40.3 % 93,049 38.2 % 94,155 44.2 %
(Depreciation) 5,351 2.3 % 6,557 2.7 % 8,292 3.9 %
(Bad Debt Expenses) 68 0% 28 0% 9 0%
(Personnel Expenses) 31,678 13.9 % 32,089 13.2 % 32,342 15.2 %
OPERATING INCOME(Loss) -8,334 -3.7 % -658 -0.3 % -11,291 -5.3 %
Non-operating Income 90,114 39.5 % 29,399 12.1 % 11,336 5.3 %
(Finance Income) 74,456 32.7 % 16,139 6.6 % 552 0.3 %
Non-operating Expenses 24,129 10.6 % 25,311 10.4 % 6,568 3.1 %
(Finance Expenses) 750 0.3 % 547 0.2 % 744 0.3 %
Ongoing Business Income(Loss)
Before Income Tax Expenses 57,650 25.3 % 3,428 1.4 % -6,524 -3.1 %
Income Taxes Expenses for
Ongoing Business Income(Loss) 5,915 2.6 % -2,109 -0.9 % 3,677 1.7 %
NET INCOME 51,735 22.7 % 5,538 2.3 % -10,201 -4.8 %
※ Ratio represents the component ratio to Sales amount

Cash Flow Analysis (IFRS, Non-Consolidated) (Unit : million KRW)

2022.12.31 2021.12.31 2020.12.31
Accounting Item
Amount Amount Amount
NET INCOME 51,735 5,538 -10,201
ADJUSTED NET INCOME 57,352 10,162 -1,792
(Net Inc. in A/R) -8,399 8,296 -981
(Net Inc. in Inventories) -3,169 19,095 -3,616
(Net Inc. in Trade Account
Payable) -17,611 11,868 5,575
Net Cash from Operations 40,121 6,501 7,873
Net Cash from Non-operation -35,761 -1,403 1,535
Capital Short & Over 4,360 5,098 9,408
Net Cash from Financing 518 -3,260 -1,636
(Capital Increase with
Consideration) - - -
(Net Inc. in LT Borrowings) 264 -3,173 -1,603
(Net Inc. in Bonds) - - -
(Net Inc. in ST Borrowings) 254 -86 -32
Net Inc. In Cash
& Cash Equivalents 4,878 1,837 7,772
Cash at the Beginning
of the Period 38,179 36,342 28,569
Cash at the End of the Period 43,058 38,179 36,342
※ Ratio represents the component ratio to Sales amount

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 08. Financial Statement www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Statement of Financial Position (Quarterly) (IFRS, Non-Consolidated) (Unit : million KRW)

2023.09.30 2023.06.30 2023.03.31
Accounting Item
Amount Ratio Amount Ratio Amount Ratio
TOTAL NON-CURRENT ASSETS 432,520 74.3 % 434,621 76.3 % 436,059 77.9 %
Total Tangible Assets 78,545 13.5 % 80,986 14.2 % 82,250 14.7 %
Total Intangible Assets 12,443 2.1 % 13,416 2.4 % 14,372 2.6 %
Investment Assets Noncurrent 329,053 56.5 % 329,053 57.7 % 329,053 58.8 %
Trade and other Receivables 5,671 1.0 % 5,610 1.0 % 4,869 0.9 %
Other Non-financial Asset 306 0.1 % 213 0% 278 0%
TOTAL CURRENT ASSETS 149,829 25.7 % 135,366 23.7 % 123,695 22.1 %
Total Inventory 44,567 7.7 % 50,526 8.9 % 51,874 9.3 %
Trade and other Receivables 41,165 7.1 % 37,809 6.6 % 24,365 4.4 %
Investment Assets Current - 0% - 0% - 0%
Other Non-financial Asset 2,296 0.4 % 2,465 0.4 % 4,556 0.8 %
Cash & Cash Equivalents 61,658 10.6 % 44,489 7.8 % 42,623 7.6 %
TOTAL ASSETS 582,350 100.0 % 569,988 100.0 % 559,755 100.0 %
Issued Capital 27,500 4.7 % 27,500 4.8 % 27,500 4.9 %
(Capital Stocks) 27,500 4.7 % 27,500 4.8 % 27,500 4.9 %
Retained Earnings 172,406 29.6 % 168,561 29.6 % 147,288 26.3 %
Elements of Other Stockholder’
s
Equity 314,113 53.9 % 314,113 55.1 % 314,113 56.1 %
TOTAL STOCKHOLDERS’EQUITY 514,019 88.3 % 510,174 89.5 % 488,901 87.3 %
Total Non-current Liabilities 24,851 4.3 % 24,694 4.3 % 24,520 4.4 %
(Total Borrowings) - 0% - 0% - 0%
Total Current Liabilities 43,479 7.5 % 35,118 6.2 % 46,333 8.3 %
(Trade and other Payables) 39,279 6.7 % 30,429 5.3 % 40,550 7.2 %
(Total Borrowings) 2,699 0.5 % 3,670 0.6 % 3,159 0.6 %
TOTAL LIABILITES 68,330 11.7 % 59,813 10.5 % 70,853 12.7 %
※ Ratio represents the component ratio to Sales amount

Income Statement (Quarterly) (IFRS, Non-Consolidated) (Unit : million KRW)

2023.09.30 2023.06.30 2023.03.31

Accounting Item
Amount Ratio Amount Ratio Amount Ratio
REVENUE (NET) 162,428 100.0 % 105,500 100.0 % 52,056 100.0 %
Cost of Sales 108,171 66.6 % 67,559 64.0 % 33,108 63.6 %
GROSS PROFIT 54,256 33.4 % 37,941 36.0 % 18,948 36.4 %
Selling & General Admin.
Expenses 64,882 39.9 % 40,967 38.8 % 20,819 40.0 %
(Depreciation) 3,462 2.1 % 2,339 2.2 % 1,181 2.3 %
(Bad Debt Expenses) 159 0.1 % 39 0% 16 0%
(Personnel Expenses) 25,344 15.6 % 16,796 15.9 % 8,346 16.0 %
OPERATING INCOME(Loss) -10,625 -6.5 % -3,026 -2.9 % -1,871 -3.6 %
Non-operating Income 40,686 25.0 % 27,443 26.0 % 2,501 4.8 %
(Finance Income) 34,265 21.1 % 23,622 22.4 % 462 0.9 %
Non-operating Expenses 5,977 3.7 % 3,381 3.2 % 1,548 3.0 %
(Finance Expenses) 618 0.4 % 421 0.4 % 215 0.4 %
Ongoing Business Income(Loss)
Before Income Tax Expenses 24,083 14.8 % 21,035 19.9 % -918 -1.8 %
Income Taxes Expenses for
Ongoing Business Income(Loss) -84 -0.1 % 722 0.7 % 50 0.1 %
NET INCOME 24,168 14.9 % 20,313 19.3 % -968 -1.9 %
※ Ratio represents the component ratio to Sales amount

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 09. Negatice Credit Information www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Negative Credit Information Summary (Unit : thousand KRW)

10+ days overdue payments Negative Credit Records Negative Credit Records
(Financial Institutions) (Non-Financial Institutions)
Counts 0 0 0

Amounts 0 0 0

10+ days Overdue Payments (Unit : thousand KRW)

Date Type Default Amount Name of Bank

- - - -
- - - -
- - - -
- - - -
- - - -
※ The records will be displayed when overdue payments occur over 10 days from Financial Institutions. Displays up to 5 cases.

Negative Credit Records (Financial Institutions) (Unit : thousand KRW)

Regulation Type Reporting Date Released Date Total Debt Amount Default Amount Name of Institution
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
※ This indicates delinquency records of when liabilities for financial institution got overdue for more than 3 months, subrogation/extreme urgency
records of when debt payment of a company was made by guarantor such as insurance company, and the records of bankruptcy filed. Displays
up to 5 cases.

Negative Credit Records (Non-Financial Institutions) (Unit : thousand KRW)

Regulation Type Reporting Date Default Amount Name of Institution

- - - -
- - - -
- - - -
- - - -
- - - -
※ This indicates the records, provided from Credit Agencies, including default arising from business-to-business transaction
(non-payment of trade payables, overdue rental fees and etc.). Displays up to 5 cases.

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 10. Litigations www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Litigation Summary (Unit : thousand KRW)

No. of Records Amount of Litigation Amount of Litigation Amount of Litigation

to Total Assets (%) to Net Sales (%)
Ongoing Case - - - -
Lost - - - -
Partially Lost - - - -
Defendant Closed
Won - - - -
Others - - - -
Total - - - -
Ongoing Case - - - -
Lost - - - -
Partially Lost - - - -
Plaintiff Closed
Won - - - -
Others - - - -
Total - - - -

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 11. Rating Definitions www.nicebizline.com

Lock & Lock Co.,Ltd. │ 312-81-80212

Definition of Credit Rating

The corporate credit rating is an index that indicates the level of risk focused on the ability of debt repayment and financial
stability. It also provides reliable data that will help you evaluate the company’
s credit by considering not only major financial
information but also non-financial information such as company overview and business’ s risk status.
Credit Status Credit Rating Definition
AAA is the extreme credit capability for commercial transactions and retains an excellent dealing ability with the changes
AAA of macro and micro economic condition.
AA is the excellent credit capability for commercial transactions and retains and appropriate dealing ability with the
Excellent AA changes of macro and micro economic condition.
A is good credit capability for commercial transactions and retains a limited dealing ability with the changes of macro and
A micro economic condition.
BBB is good credit capability for commercial transactions but lowly exposed on possible credit risk in changes of macro
Good BBB and micro economic condition.
BB is the average credit capability for commercial transactions and normally exposed on possible credit risk in changes of
BB macro and micro economic condition.
Average
B is the average credit capability for commercial transactions and highly exposed on possible credit risk in changes of
B macro and micro economic condition.
CCC is under the average credit capability for commercial transactions and needs caution for the deterioration of the
CCC transaction stability.

Unsatisfactory CC CC is poor credit capability for commercial transactions and the stability of the transactions is low.
C is the worst credit capability for commercial transactions and needs and extreme caution for the deterioration of the
C transaction stability.

Poor D Capacity of payment is in arrears or bankruptcy.

Reservation for credit rating from financial statements with less than one year or a sudden change of management (M&A,
Except R change of category of business.etc)

Definition of “
Watch”Rating
“
Watch”is a tool that indicates credit changes of a corporation in a timely manner and has the strength in monitoring the credit
changes perpetually instead of periodically.
Watch Rating Definition

Normal No indication of credit status changes has been observed. Credit Status is "normal".

Reservation The indication of credit status changes has been observed, but expect no or minimum effect on credit status.
The indication of credit status changes has been observed. Additional analysis on its effects to company's profitability and other impacts is
Monitoring recommended.
The indication of poor credit has been observed, and/or expect uncertainties to adverse business, financial and economic condition. Caution
Caution recommended.
Record of payment delinquency and/or other credit problems has been observed. Susceptible to adverse business, financial and economic
Warning conditions. Caution required.
Over 3 months payment delinquency records and/or major credit problems has been observed. Highly susceptible to adverse business, financial and
Danger economic conditions. Extreme caution required.
High Default
Risk On-going default accounts, over 3 months payment delinquency records and/or major credit problems has already been filed.

Out of business Out of business, merged and liquidation.

Bankruptcy Bankruptcy has been filed or similar action also has taken.

Definition of Cash Flow Rating

The cash flow is the direct way to evaluate liquidation of the corporations and indicates the level of solvency as cash flow sound.
Cash Flow Cash Flow
Definition Definition
Rating Rating

CF1 The ability of generating cash flow is in excellent CF4 The annual cash flow is inferior to the average and not
(Excellent) condition. (Unsatisfactory) enough to cover working capital.

The operating cash flow is in good condition and

CF2(Good) CF5(Risk) The cash flow profitability is negative and poor.
capable for further finance demands.

CF3 The operating cash flow is in good condition but it CF6 The cash flow has been shown as negative over recent
(Normal) needs external finance for further investment (Fail) 2 years and its profitability is extremely poor

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