★★★

Justem

Justem Q1 2026: Sales +66%, Operating Profit +147%... $30M Facility Loan


  • Consolidated Q1 2026 revenue 17.69B KRW (+66% YoY), operating profit 4.07B KRW (+147% YoY)
  • New orders in Q1 2026: 40.75B KRW; order backlog 59.55B KRW, significantly increased YoY
  • Semiconductor equipment segment (revenue 17.24B, OP 4.14B) drove growth; plasma segment (revenue 0.45B, OP loss 0.07B) remained loss-making
  • Customer concentration increased: B customer (estimated Micron) accounted for 53% of sales
  • Shares outstanding increased to 22,663,931 due to 1:2 stock dividend (14,211,662 shares), CB conversion (1,099,169), and stock option exercise (90,350)
  • Existing CB (4.5B) and derivative liabilities (2.26B) were fully converted/extinguished in Q1, reducing debt
  • On April 30, 2026, board approved a 30B KRW facility loan (10-year, 4-year grace, installment repayment)
  • Acquisition of Yongin Techno Valley land (27B KRW) and new headquarters construction ongoing (decision made May 2025)
  • Holds 15,692 treasury shares; allocated 141,227 RSUs to employees (recognized 0.105B stock compensation expense)
  • R&D spending 2.09B KRW (9.1% of sales), net after government grants 1.61B KRW

KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: Justem (417840)
  • Submission: Justem Co., Ltd.
  • Receipt: 05-13-2026