Crown Confectionery Q1 2026: Operating Profit Down 35.6%

Q1 2026 revenue W108.36bn (-1.1% YoY), operating profit W4.04bn (-35.6% YoY), net income W3.42bn (-31.6% YoY)
EPS (common) W267 (down from W390 in Q1 2025)
Total assets W354.7bn, debt ratio 56% (debt W127.35bn, equity W227.32bn)
Cash and equivalents W35.2bn vs borrowings W12.0bn, net cash position
Credit rating A (stable) maintained (Korea Ratings, NICE)
2025 year-end dividend: W280 per common share (already decided)
Treasury shares: 508,302 shares (no change)
No share buyback or cancellation plans
Key risks: FX and raw material price volatility, intense competition