JS Corporation Q1 2026 Revenue Growth and Expansion via Ontide Acquisition
Consolidated Q1 2026 revenue of KRW 308.0 billion, operating profit of KRW 30.8 billion, up 4.9% and 8.7% respectively from the previous quarter.
Subsidiary Yakjin TongSang acquired a 33.45% stake and all redeemable convertible preferred shares of Ontide, securing de facto control and consolidating Ontide.
The Ontide acquisition adds six subsidiaries in the US, Mexico, and Indonesia, strengthening apparel manufacturing capabilities.
Declared a cash dividend of KRW 350 per share for FY2025 at the March 2026 AGM.
Corporate bond credit rating maintained at BBB- (NICE), stable rating level.
Contingent liabilities: a KRW 9.9 billion lawsuit for unjust enrichment against NH Investment & Securities and others, and a USD 1.55 million lawsuit by SVES entities in the US.
Consolidated debt-to-equity ratio at approximately 219% (equity KRW 607.5 billion, debt KRW 1,334.6 billion), sustaining high leverage.