[Edaily Reporter Shin Ha-yeon ] Hojeon(111110)announced on the 11th that its cumulative consolidated operating profit for the first three quarters of this year reached 23.4 billion won, a 23.0% increase compared to the same period last year. Although revenue for the same period decreased by 1.8% to 376.2 billion won, net income increased by 20.6% to 6.0 billion won.

Stand-alone performance for the third quarter also improved. Third-quarter revenue on a consolidated basis was 176 billion won, up 7.7% year-over-year, while operating profit rose 43.1% to 20.5 billion won. However, net income fell 55.9% to 5.1 billion won.

The company explained that the improvement in profitability was largely driven by cost savings resulting from increased productivity at its Indonesian production hub. In particular, production efficiency has improved as the Hoga B Plant in Indonesia—completed at the end of 2023—began full-scale operations this year following the establishment of production lines in 2024–2025.

The company stated that its cost competitiveness has strengthened as production line operations at the new plant have stabilized and productivity at existing plants has improved. This explains why operating profit increased despite a slight decline in cumulative revenue.

Revenue growth driven by the acquisition of new clients is also continuing. Revenue related to the global outdoor brand Arc’teryx increased significantly year-over-year, and new revenue was generated from supplying the workwear brand Carhartt. Through these efforts, the company is diversifying its revenue structure—which had previously been centered on existing clients—and expanding the proportion of high-value-added apparel production.

Hojeon is a company that supplies functional apparel to global sports and outdoor brands on an OEM (Original Equipment Manufacturer) basis. It utilizes Indonesia as its primary production hub and is working to improve profitability by expanding production facilities and streamlining processes.

The company is also diversifying its global production bases. It established a local subsidiary in Vietnam last July and plans to use this as a foundation to enhance production efficiency and meet the order demands of global buyers.

A Hojeon official stated, “As our cost competitiveness has strengthened through the full-scale operation of the new factory in Indonesia and productivity improvements at existing factories, this has led to tangible results in the form of increased operating profit,” adding, “We plan to strengthen the foundation for sustained growth by expanding our base of new buyers and producing high-value-added products.”