Finger Story: 5:1 Share Consolidation and Consolidated Operating Loss; Parent Remains Profitable

Consolidated Q1 2026 revenue: KRW 4.99B (increase due to subsidiary consolidation), operating loss KRW 107.7M (vs profit KRW 847.1M in prior year), net loss KRW 135.9M
Parent-only: revenue KRW 4.38B, operating profit KRW 104.8M, net profit KRW 240.6M (core webtoon business stable)
Subsidiary SwaniCoco (cosmetics) recorded operating loss KRW 303.8M, net loss KRW 295.7M, dragging consolidated results
Debt ratio improved: parent 54.25% (from 56.50%), consolidated 58.27% (from 63.80%)
Cash and cash equivalents KRW 34.9B (consolidated) vs convertible bonds KRW 5.8B; net cash position maintained
Derivative liabilities on CBs: KRW 6.33B (fair value risk)
5:1 share consolidation approved at March 2026 AGM (effective April 29, 2026), reducing shares from 17,548,623 to 3,509,724
Stock price declined over 6 months (from KRW 2,280 to 1,505); no dividend
No material litigation; unused credit line of KRW 1B