Korchip Q1 2026: Revenue +41%, Operating Profit +311%, CB Conversion Complete, Dividend Maintained

Revenue 12.05B KRW (+41% YoY), operating profit 1.07B (+311%), net profit 2.13B (+312%)
4B KRW convertible bonds fully converted (266,666 shares), zero debt, net cash 9.28B
Paid 400 KRW per share dividend for FY2025 (via capital reduction), no Q1 2026 dividend
New business objectives: defense batteries, AGV/AMR batteries
Doubtful accounts allowance surged to 1.45B (from 0.25B), inventory loss 0.85B – risk factors
Credit rating BBB- (NICE, April 2025)
Treasury stock acquisition trust contract ongoing