Blitzway Entertainment: Q1 2026 Revenue Slightly Up but Operating Loss Widens; Stock Split Decided

Consolidated Q1 2026 revenue: 71.2 billion won (vs 68.9 billion won in Q1 2025, +3.4%), operating loss 23.8 billion won (loss widened), net loss 21.8 billion won.
Separate revenue: 60.8 billion won, operating loss 13.8 billion won, net loss 9.1 billion won.
Debt ratio 135.5%, net debt 187.4 billion won, convertible bonds 21.0 billion won, convertible redeemable preferred stock debt 5.5 billion won.
Holds 2,231,568 treasury shares (4.47%) but no plan for additional buyback or cancellation.
Decided on 5:1 reverse stock split, effective July 22, 2026, to stabilize stock price.
Figure segment overseas sales expanded (exports 31.1 billion won, up 96% from Q1 2025).
Expanding business through K-POP label Clep; management segment revenue 36.1 billion won (50.7% of total).
R&D expenses 2.43 billion won (3.41% of sales), continuing development of new figure products.