KNJ Q1 2026: Revenue KRW 34.9B, OP KRW 7.5B - Strong Results, Issued KRW 20B CB

Q1 2026 consolidated revenue KRW 34.9B, operating profit KRW 7.5B, net income KRW 6.3B (up 81%, 35%, 39% YoY respectively)
New consolidation of FPCB segment diversifies revenue (23.4% of total)
Issued 5th convertible bond KRW 20B (conversion price KRW 21,475, exercisable from 2027)
Derivative liability of KRW 10.4B recorded (CB valuation loss)
Total borrowings KRW 114.7B, debt-to-equity ratio 142.4% (FY2025: 137.1%)
New facility investment KRW 20B ongoing (CVD SiC Focus Ring capacity expansion)
Holding 209,896 treasury shares (2.62%), granted RSUs to employees
New board committees established (ESG, Investment Review)
Goodwill of KRW 36.8B maintained (from FPCB acquisition)
Dividends: quarterly dividends allowed by charter but no recent payment