DIT Corp Q1 2026: Operating Margin 33.9%, Dividend Increase, Net Cash 187.9B KRW

Q1 2026 standalone revenue 48.5B KRW, operating profit 16.4B (margin 33.9%), net profit 14.7B (margin 30.4%).
Net cash (cash + financial products - borrowings) ~187.9B KRW, debt ratio 18.07%, very stable financials.
FY2025 cash dividend 420 won per share (up 10.5% from 380 won), target payout ratio >25%.
Customer concentration: 89.08% sales to top customer (likely SK Hynix).
LASER Solution accounts for 87.06% of sales; semiconductor laser annealing systems orders expanding.
Order backlog 81.1B KRW (as of Mar 31, 2026); continuous orders from SK Hynix.
Treasury shares: 45,018 shares granted as bonuses to employees (Apr 2026); previous stock options fully exercised.
Litigation risks: indicted for Industrial Technology Leakage Act violation; asset seizure from EOTechnics (8B KRW deposited); impact uncertain.
Credit rating A/A+ (Korea Credit Bureau/NICE D&B) – good.
China subsidiary (DIT Chengdu) asset size small (0.62B KRW).