CJ ENM 2026 1Q Results Improve: Operating Profit Turns Positive, Net Profit to Parent Positive, Credit Rating AA-

Consolidated Q1 2026 revenue KRW 1.33T (+16.8% YoY), operating profit KRW 14.6B (turned positive from loss), net profit attributable to parent KRW 6.1B (turned positive from -KRW 62.1B loss)
By segment: Film/Drama OP KRW 8B, Commerce OP KRW 23.9B profitable; Media Platform -KRW 21.2B, Music -KRW 5.8B loss continued
Credit rating: Corporate bonds AA-, CP A1 (KIS, NICE, KMC) maintained
Shareholder return: No dividend for FY2025; AGM on 2026.3.26 approved treasury share holding/disposal plan
Key investments: JV 'ONECEAD' with China NCC (Feb 2026), JV 'Chapter-I' with Japan Hakuhodo (Aug 2025)
Litigation risks: Multiple ongoing but management expects no material impact (total claim ~KRW 90B)
Total assets KRW 8.55T, liabilities KRW 5.12T, equity KRW 3.43T, debt-to-equity ratio 149%
Major subsidiaries: Studio Dragon, TVING, FIFTH SEASON; TVING continued net loss KRW 21.8B