Oriental Precision Q1 2026: Revenue up 10.6%, but operating profit slightly down; order backlog robust at KRW 307.2 billion

Consolidated Q1 2026 revenue KRW 56.4B (+10.6% YoY), operating profit KRW 8.0B (-2.6%), net income KRW 6.2B (-10.9%)
Order backlog KRW 307.2B, equivalent to 5.4x quarterly revenue, ensuring future revenue stability
Machinery segment utilization rate 98% (up from 86% YoY), Structure segment 57% (down from 79%)
Export share 3.6% (up from 1.5% YoY), mainly to China and Japan
Major customers: Samsung Heavy Industries 51.1%, HD Hyundai Group 24.7%, Hanwha Ocean 10.7% (Big 3 account for 86.5%)
R&D expenses KRW 0.26B (0.5% of revenue), continued development of eco-friendly cranes and smart crane system (ORIS)
Standalone revenue KRW 28.2B (+38.3% YoY), operating profit KRW 3.6B (+97%) – machinery business strong
Debt-to-equity ratio 83.9% (improved from 89.8% at year-end), short-term borrowings of KRW 40B
No new dividend or share buyback announced this quarter (refer to prior year dividend)
No pending litigation or material contingent liabilities