Moda-InnoChips Reports Q1 2026 Consolidated Operating Profit of KRW 3.1B but Net Loss of KRW 4.9B; Merger with Rozen Underway
Q1 2026 standalone sales KRW 35.4B (electronics 12.7B, retail 22.8B), operating profit KRW 2.7B, net loss KRW 3.8B (consolidated: sales 87.6B, OP 3.1B, net loss 4.9B)
Total borrowings KRW 479.6B (consolidated), net debt KRW 389.2B, capital ratio 51% (consolidated), increasing financial leverage
Credit ratings maintained at A- (NICE D&B) and BBB- (ECRECB)
Treasury stock purchases since 2024: 1,414,112 shares (1.5% stake) completed for stock price stabilization
Completed absorption merger of subsidiary KBrands (Apr 29, 2026); planned absorption merger by Rozen (expected Nov 2, 2026)
Electronics R&D expenses KRW 0.72B (5.7% of electronics sales), ongoing development of new products (USB type-C CMEF, power inductors, automotive CMC, etc.)