- Sales have increased through the expansion of business including a character product distribution business, a game console distribution business and so on.
- The distribution specialty logistics system is constructed, the online Daewon Mall system is constructed and the initial cost of new store is increased.
The specific standard sales revenue for the first half year of Daewon Media Co., Ltd. showed KRW 20 billion, 64.5% over the same period in the previous year. In this first half year, operating loss is KRW 2.2 billion, and net loss during the term is KRW 2.3 billion. Connected sales resulted is KRW 43.8 billion, so that it resulted in 0.4% reduction compared with the same period in the previous year. Operating profit is KRW 1.4 billion, so that it resulted in 49.5% reduction compared with the same period in the previous year. Net profit during the term is KRW 700 million, so that it resulted in 20.3% reduction compared to the same period in the previous year.
Daewon Media announced that the sales amount increased sharply because of new businesses including a character product distribution business and Nintendo game consul and software distribution business. However, sales profit recorded a deficit because of the cost for building a logistic system for the character product distribution, the cost for developing a direct management online shop and the initial cost for opening a new store ‘DOTORISUP’ which is Daewon Media’s character shop.
While kidults’ market of Korea is growing, ‘DOTORISUP’ which is Daewon Media’s new character shop is earning favorable reviews. Accordingly, Daewon Media expects a good sales result from these new stores which exceeds the initial cost.
Daewon Media’s creative animation recorded high viewing rates through its first broadcast and rebroadcast on China CCTV children’s channel (ch14) on last February and March. Moreover, the platform was expanded to Chinese internet TV, and thus, viewers can always watch this animation through a lot of channels. is aired through ‘Youku’ and ‘Tudou’ which are the biggest video channels in China from August 1, 2016, and through ‘iquiyi’ from August 8, 2016.
Character licensing businesses of is also activated. A lot of commercialization contracts of various characters are being entered. To expand its business area in China, Daewon Media will concentrate on ’s promotion, and participate in ‘2016 China Shanghai Licensing Expo’.
Daewon Media entered into a contract with Beijing Jiasheng Culture Industry Development Co., Ltd. for the character licensing business of in china. Daewon Media is now developing a business to expand its market in China with Gaohe Culture Industry Development Co., Ltd. which is Daewon Media’s Chinese partner.