Dohwa Engineering Posts Consolidated Operating Loss in Q1 2026, Order Backlog Stable

Consolidated Q1 2026 revenue: KRW 155.5 billion, operating loss: KRW 2.4 billion (swing from annual operating profit of KRW 30.1 billion in 2025)
Separate operating profit: KRW 2.3 billion, outperforming consolidated; losses driven by subsidiaries
Order backlog: KRW 1.8981 trillion, slightly down from year-end but stable
Litigation risk: 6 ongoing lawsuits totaling KRW 31.8 billion; management views impact as limited
PF contingent liabilities: KRW 41.4 billion and JPY 5.22 billion in credit enhancements provided
Regulatory sanction: 3-month business suspension order in Jan 2026, but enforcement stayed
No dividend or share buyback/cancellation disclosures