M2N Posts W91.2b Revenue, Up 16% From Year Before

M2N Reports 16% Revenue Growth, Accelerates Push Into Indian Market

created on 03/23/2025 5:17:28 PM
modified on 03/23/2025 5:17:28 PM

[Na Eun-kyung, Edaily Reporter] M2N announced Thursday that its consolidated revenue rose 16% year over year to 91.2 billion won, while operating profit increased 14% to 3.7 billion won in its latest earnings report.

The company said the growth was driven by continued investment in research and development, enhanced technological competitiveness, and a strategy focused on expanding into global markets. It highlighted the development of innovative technologies―especially PT sensors―as a key differentiator that helped M2N gain a competitive edge in its industry.

M2N added that global supply chain disruptions and rising import costs have led many of its major domestic clients to pursue localization of components previously sourced from overseas, a shift expected to drive further sales growth in the domestic market.

Building on this momentum, the company plans to ramp up overseas expansion. Its first move will be to launch operations in India by leveraging the production facilities and sales network of its Indonesian subsidiary. India, which has posted an average GDP growth rate of more than 7%, is seeing rapid development in its home appliance and automotive sectors, fueling intensified competition among global players.

M2N has designated India as a key hub for its international business and plans to expand into Southeast Asia, including China, in a phased approach.

“Despite difficult conditions such as global supply chain instability and increasing market volatility, we are maintaining stable growth based on our technology and product competitiveness,” an M2N official said. “We plan to continue pursuing steady growth at home and abroad through ongoing R&D and quality improvements.”

The company is also actively exploring new business areas based on thermal management technology developed by its automotive division. M2N said it will focus on securing new growth engines in response to rising global demand for high-efficiency cooling solutions, especially in the data center and high-performance computing (HPC) sectors.