1. Meritz Securities of South Korea predicts that SK Hynix will generate approximately 41.6 trillion won (approximately 190 billion yuan) in non-operating income in the second quarter of 2026, and its pre-tax profit will reach 100 trillion won (approximately 460 billion yuan), due to the sale of its Kioxia shares in June and other investment-related gains.
2. When Bain Capital led the acquisition of Toshiba Memory (later Kioxia) in 2018, SK Hynix purchased Kioxia's stock and convertible bonds through two SPCs (Special Purpose Companies, often used to isolate debt and legal risks).
3. With Bain Capital selling its last batch of Kioxia shares this year, Hynix has also completely sold off its shares in the company, realizing a profit of nearly 40 trillion won, retaining only convertible bonds with a book value of 13.609 trillion won (as of March 2026). If converted into shares in the future, this is expected to correspond to approximately 14% of Kioxia's equity.
4. It is worth noting that SK Group Chairman Chey Tae-won is currently undergoing divorce proceedings. SK Hynix is the group's biggest "cash cow," so there is a high possibility that it will increase dividends.
