TS Trillion Welcomes 'Wooshin Cosmetics' as Ally... Performance Turnaround and Governance Stabilization

TS Trillion has welcomed its key manufacturing partner, Wooshin Cosmetics, as a major shareholder. After successfully improving profitability in the first half of this year, the company has also secured friendly shares, thereby achieving both improved performance and greater management stability.

According to TS Trillion, Wooshin Cosmetics acquired 1,460,498 shares of TS Trillion through market purchases. When combined with the shares held by related parties, Chairman An Taeman and CEO An Jinsu, Wooshin Cosmetics’ total stake has reached 5.01%, making it a major shareholder with more than 5% ownership.

This share acquisition was led by the Wooshin Cosmetics corporation. Wooshin Cosmetics is TS Trillion's key manufacturing partner and also participated in a 1 billion won third-party paid-in capital increase last year. This move strengthens their strategic partnership, moving beyond manufacturing cooperation to include an equity-based relationship.

Last year, Wooshin Cosmetics recorded sales of 49.1 billion won, operating profit of 2.9 billion won, and net profit of approximately 2.92 billion won. The company is certified with the Cosmetic Good Manufacturing Practice (CGMP) and the international ISO 22716 standard for cosmetics manufacturing and quality control. In addition, it has demonstrated production and export capabilities, including winning the 10 Million Dollar Export Tower Award.

TS Trillion has shown a clear trend of improved performance this year. In the first half of this year, on a standalone basis, sales amounted to 15.14156 billion won, an 18% increase compared to the same period last year. Operating profit surged by 1,511% to 1.183 billion won, and the company returned to profitability with a net profit of 636 million won.

The company explained that its performance improved as it scaled down low-profit sales channels and restructured its distribution system to focus on general retail partners such as Olive Young and Daiso, as well as its Smart Store.

The market is paying attention to the fact that Wooshin Cosmetics’ increased stake is closely linked to TS Trillion’s improved performance. Analysts note that this is not merely a financial investment, but a case in which a manufacturing partner, with direct insight into product production and distribution structure, has increased its stake — suggesting future cooperation will become even stronger.

The company commented that, now that Wooshin Cosmetics has secured a stake of more than 5% and become a major shareholder, TS Trillion’s management stability is also expected to benefit. The strategy is to maintain improved performance while aligning the interests of major business partners at the shareholder level, thereby laying the groundwork for mid- to long-term growth.

A TS Trillion official stated, “Wooshin Cosmetics is the industrial partner who has observed our product competitiveness and the advancement of our distribution processes most closely. This 5% stake acquisition at the corporate level shows confidence in our future value.”

The official added, “We will continue to secure the stability of our production infrastructure and strengthen our strategic partnership to demonstrate growth potential in the domestic and international hair care markets.”

This content was produced with the assistance of AI translation services.