SJ Group: Q1 Sales Decline, Continued Losses, Credit Rating Downgrade

Consolidated Q1 2026 revenue: KRW 36.9 billion (down 16.7% YoY), operating loss KRW 3.9 billion, net loss KRW 6.0 billion, continuing losses.
Credit rating downgraded from A (2024) to A- (2025) by Korea Enterprise Data.
Treasury shares (consolidated): 455,643 shares (down from 608,934 at year-end 2025), separate: 608,934 shares unchanged.
No dividend for FY2024, ending consecutive dividend record.
Debt ratio slightly improved to 79.66% (from 80.94%).
Extended and signed new brand licenses (KANGOL, ECCO Golf, RAINS, etc.).