Ajin Industrial: Q1 2026 Sales Down, Debt Ratio 333%, Maintains 100 Won Dividend

Consolidated Q1 2026 sales: 213.3 billion won (down 12% YoY), operating profit 17.6 billion won, net profit 14.6 billion won
Debt ratio: 333.04% (improved from 342.77% at year-end 2025)
Cash dividend of 100 won per share approved at 48th AGM
90% of sales from Hyundai/Kia, high customer concentration
US subsidiary JOON Georgia posted quarterly net loss of 14.3 billion won
Credit rating: BB- (Nice Information, April 2026)
Two embezzlement lawsuits finalized at third trial (total 21.8 billion won)
Guarantees for related parties: approx. 563.4 billion won outstanding