Miwon Specialty Chemical Q1 2026 Earnings Strong, US Anti-Dumping Risk Remains

Consolidated sales KRW 141.3B, operating profit KRW 19.3B, net profit KRW 21.5B
EPS KRW 4,466, sound financial structure (debt ratio 28.9%)
Shareholder return: dividend policy based on total shareholder return rate (dividends + buyback / net income), quarterly dividends possible
Risk: US anti-dumping investigation ongoing (final decision expected H1 2026), may affect exports of certain products
Consolidated subsidiary Miwon Specialty Chemical USA net assets KRW 16B, net profit KRW 0.37B
R&D expenses KRW 1.55B (1.1% of sales)