JEIL Technos Q1 2026: Slight Operating Profit Improvement, Dividend 120 Won, Change in Major Shareholder
Consolidated Q1 2026: Revenue 34.77 billion won (+0.6% YoY), Operating profit 2.13 billion won (+8.7% vs estimated 1.96 billion won in Q1 2025), showing improvement.
Separate operating profit decreased to 1.06 billion won (-8.7% YoY), but consolidated operating profit rose due to strong performance of Vietnamese subsidiary.
Net profit surged to 3.36 billion won (vs 1.36 billion won in Q1 2025) driven by gains on disposal of financial assets.
2025 year-end dividend of 120 won per share (total 998 million won), maintaining consecutive dividend history.
Major shareholder changed from Naju-young to Nachae-min on April 1, 2026 via donation.
Litigation risk: a damage claim lawsuit (approx. 1.09 billion won) is ongoing; management expects no material impact.
2023 serious accident led to 8-month business suspension order, currently stayed pending administrative lawsuit.
Exchangeable bonds (4th series, 3 billion won) outstanding; conversion price 8,509 won vs current stock price ~6,000 won, making conversion unlikely.
Of 684,000 treasury shares, 352,567 are subject to exchangeable bonds.
Financial structure: debt ratio 20.3%, net debt negative (cash and equivalents exceed 20 billion won), stable.