Hana Micron: Strong Q1 2026 Earnings and Maintained Dividend

Consolidated revenue KRW 507.7B, operating profit KRW 72.0B; semiconductor manufacturing segment +64% YoY, materials segment +59%
Net income attributable to parent KRW 61.0B (EPS 1,019 won), exceeding full-year 2025 net income (KRW 38.1B)
Board resolved cash dividend for FY2025 (Mar 10, 2026) and maintains policy of ≥5% free cash flow payout
Credit rating BBB (Korea Ratings, May 6, 2026) maintained
Risks: subsidiary Innomete bankrupt, AniTrace liquidated
Contingent liabilities: guarantees for overseas subsidiaries up to USD 384M (Hana Micron Vina)
R&D expenditure KRW 10.7B (2.1% of revenue), focusing on advanced packaging (FOWLP, UCIe, etc.)