LOGEN Q1 2026 Net Profit Plummets, Merger with Moda Innochip Underway

Consolidated Q1 2026 revenue KRW 192.5B, operating profit KRW 3.0B, net profit KRW 0.1B (sharp decline YoY)
Total assets KRW 999.0B, liabilities KRW 590.0B (debt ratio 59%)
Completed absorption merger of subsidiary LOGEN in Dec 2025 (without new shares)
Planned merger with affiliate Moda Innochip in Nov 2026 (board resolution passed)
Defendant in Skechers trademark lawsuit (damages claim KRW 2.7B)
Electronics division won DC-Cap module order worth KRW 55B (supply from 2027)
Logistics division approved investment in new Wanju terminal
No dividend or share buyback plan