![[Aggregator] Downloaded image for imported item #49302](https://asiagategroup.com/wp-content/uploads/nice-slider-6-4-26.jpg "[Aggregator] Downloaded image for imported item #49302")
NICE Information & Telecommunication jumped more than 11% early on the 4th. Buying appears to be gathering on expectations that operating profit will improve following the acquisition of KIS Information & Communication.
As of 9:41 a.m. on the 4th, on the KOSDAQ market, NICE Information & Telecommunication was trading at 29,400 won, up 2,950 won (11.15%) from the previous session.
According to the Financial Supervisory Service’s electronic disclosure system, NICE Information & Telecommunication disclosed on the 2nd that it will acquire 96.1% equity of KIS Information & Communication, which NICE Holdings had owned, for 112.3 billion won. NICE Information & Telecommunication said the purpose of this share acquisition is “to enhance business synergy by incorporating it as a subsidiary.”
Jeong Hong-sik, an LS Securities analyst, said, “Based on 2025, KIS Information & Communication’s operating profit is 15.5 billion won, or 28.0% of NICE Information & Telecommunication’s operating profit,” adding, “This acquisition will increase NICE Information & Telecommunication’s consolidation operating profit by 25% to 30%.”
The company is also strengthening its shareholder returns policy. Earlier, NICE Information & Telecommunication said it would cancel 900,000 treasury shares (9.0% of shares outstanding) and additionally buy back 3 billion won worth of treasury shares.
Jeong Hong-sik, an LS Securities analyst said, “The dividend per share (DPS) is expanding from 730 won in 2023 to 810 won in 2024 and 1,100 won in 2025,” adding, “For 2026–2028, it has presented a policy of more than 10% annual DPS growth.”
Source: biz.chosun.com
