What Happened? The Background of the Share Sale

Song Gi-ryeong, formerly the largest shareholder of SCM Lifescience, sold 183,000 common shares on July 21st, reducing her stake from 17.15% to 10.06%. This resulted in her losing her position as the largest shareholder and her removal as a person with special relationship to the company. This suggests a reduction in her management participation and the potential for future changes in the management structure.

Why is This Happening? Q3 Earnings and Fundamental Analysis

SCM reported declining sales, operating losses, and net losses in Q3 2025. The main factors contributing to this are sluggish sales of stem cell therapies, high R&D expenses, and increased sales and administrative expenses. The high debt ratio raises concerns about financial stability, although fundraising through a rights offering is expected to mitigate short-term liquidity risks. While clinical trial results for the atopic dermatitis stem cell therapy are positive, the time to market remains uncertain. The dermacosmetics division is growing, but its small size limits its impact on overall profitability.

What’s Next? Analyzing the Impact of the Share Sale

The sale of the major shareholder’s stake is likely to negatively impact the stock price in the short term. Concerns about management uncertainty and decreased investment attractiveness could grow. However, in the long term, this could prevent management disputes and lead to a more transparent management structure. Financial restructuring through a rights offering, successful development of stem cell therapies, and growth in the dermacosmetics business could contribute to long-term stock price appreciation.

What Should Investors Do? Action Plan

Before making any investment decisions, carefully review SCM’s future business strategies and financial improvement plans. The outcome of the administrative trial regarding restrictions on participation in national R&D projects is also a crucial variable to monitor. Conducting additional research, such as competitor analysis and market forecast reports, is essential to gather the necessary information for informed investment decisions.