Saeron Automotive: Consolidated operating loss persists in Q1 2026 but net income turns positive; stable financial structure
Consolidated Q1 2026 revenue: 36.1 billion won, operating loss: 1.7 billion won (loss continues), net income: 3.5 billion won (turn to profit vs. -0.5 billion won in FY2025).
Debt ratio 12.6%, cash equivalents 83.8 billion won, very sound financial structure.
Largest shareholder: Nisshinbo Holdings (65.0%), 24 consecutive years of dividends (avg. dividend yield 3.9%).
Consolidated equity: 256.1 billion won, total assets: 288.2 billion won.
R&D expenditure: 3.4 billion won (9.45% of sales), focusing on Cu-free and eco-friendly friction materials.
Lawsuit for short-swing profit refund finally won; balance of 0.77 billion won being recovered.
Merger of Chinese subsidiaries (Yantai/Beijing) planned.