---
title: "한국콜마는 칙량/제조 캐파 부족을 극복하기 위해 M&A 및 신규 설비 투자를 검토 중이다. — 하나증권 — DecisionGateway"
description: "investigation by 하나증권, recorded recently — verbatim quote and source citation."
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  "og:title": "한국콜마는 칙량/제조 캐파 부족을 극복하기 위해 M&A 및 신규 설비 투자를 검토 중이다. — 하나증권 — DecisionGateway"
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> Index of every page on this site: [llms.txt](https://dgw.tmarket.io/llms.txt)

investigation

# **한국콜마는 칙량/제조 캐파 부족을 극복하기 위해 M&A 및 신규 설비 투자를 검토 중이다.**

A investigation by [**하나증권**](https://dgw.tmarket.io/actors/01a1cea2-176c-7cf2-87ea-9ed64a8130ca). Statements are as reported by the cited publishers — not verified by DecisionGateway.

> *칙량/제조 캐파 부족 극복 위해 M&A 및 신규 설비 투자 검토 중*

hanaresearchPublished 2026-11-08 [ Read source](https://t.me/hanaresearch/20912)

[**하나증권 dossier **](https://dgw.tmarket.io/actors/01a1cea2-176c-7cf2-87ea-9ed64a8130ca)

## **Related claims**

[**Both Korea Kolmar and Cosmecca Korea missed third-quarter market operating profit expectations, but for different reasons.**하나증권 유통/화장품 박종대 · statement](https://dgw.tmarket.io/claims/01a1ceb1-95b4-792f-a37d-832a69f78ed9) [**한국콜마의 3분기 연결 매출과 영업이익은 전년 동기 대비 각각 21%, 40% 증가한 8,282억원, 819억원을 기록했다.**하나증권 · statement](https://dgw.tmarket.io/claims/01a1cea4-e60b-7561-81e5-0f08a2d8302a) [**Korea Kolmar's operating profit miss was due to weak revenue, increased fixed cost burden, and QoQ profitability decline; top 10 customers accounted for 58% of third-quarter revenue (YoY +3%p), concentrating on production for key clients.**하나증권 유통/화장품 박종대 · statement](https://dgw.tmarket.io/claims/01a1ceb1-963a-7102-8079-cf9702c3fb8d) [**예상을 넘어서는 수요 확대로 생산 캐파 부담이 작지 않으며, 2027년 세종 공장 증설 전까지 과제로 남아 있다.**하나증권 · statement](https://dgw.tmarket.io/claims/01a1cea4-e679-70d6-9e1c-acdb99eef021) [**한국콜마의 3분기 영업이익 819억원은 시장 기대치(OP 916억원)를 하회했다.**하나증권 · statement](https://dgw.tmarket.io/claims/01a1cea4-e62d-7e4a-aaf5-73f88435fc30) [**Cosmecca Korea's revenue grew 4x from 2021 to 2026, averaging 32% annual growth, exceeding Cosmax (CAGR 21%) and Korea Kolmar (CAGR 25%).**하나증권 유통/화장품 박종대 · statement](https://dgw.tmarket.io/claims/01a1ceb1-9618-7a5c-ae26-cf54c06a4ee8)

## **More claims by 하나증권**

[**The report reviewed trends and major economic indicators in the U.S. and Chinese stock markets and analyzed valuations and trends by global sector.**statement](https://dgw.tmarket.io/claims/01a1d4ae-b231-7d52-805c-3f604b6a5af0) [**The U.S. should watch AI-related regulation and volatility in the semiconductor sector, while for China domestic demand stimulus and policy effects will be key to a sustained rebound.**statement](https://dgw.tmarket.io/claims/01a1d4ae-b21a-7518-829b-60cdc773571a) [**This report is a weekly report covering global sector trends and indicators rather than a single earnings estimate for an individual company, and it does not provide annual aggregate earnings figures.**statement](https://dgw.tmarket.io/claims/01a1d4ae-b20e-78ef-8998-71366dda0c35) [**An approach centered on core theme ETFs such as generative AI, semiconductors, quality and cybersecurity, and on major big tech stocks, remains valid.**statement](https://dgw.tmarket.io/claims/01a1d4ae-b203-77a2-bb21-b5002bb38a65) [**Ahead of Nvidia's earnings release on 11/18, market attention is focused on Blackwell demand and next-generation GPU supply outlook.**statement](https://dgw.tmarket.io/claims/01a1d4ae-b1f8-780c-a428-efe4735941fd)

[All claims by 하나증권](https://dgw.tmarket.io/claims?claimant_id=01a1cea2-176c-7cf2-87ea-9ed64a8130ca)

[All claims](https://dgw.tmarket.io/claims)

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