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PAKERS

Pakers: Credit Rating Upgraded, Share Buyback Underway; Operating Loss Sharply Reduced


  • Credit rating upgraded from BB- to BB0 in April 2026 regular evaluation (Nice Information Service)
  • Share buyback: Acquiring 761,579 shares (approx. KRW 1.12 billion) via trust agreement with Shinhan Investment Corp. (signed Dec 4, 2025)
  • Consolidated Q1 2026: Revenue KRW 11.7bn (down 13% YoY), operating loss KRW 0.09bn (improved from KRW 9.7bn loss), net income KRW 1.0bn (down from KRW 8.4bn due to lack of one-off gains)
  • Debt ratio: 56.68% (improved from 60.71% at year-end 2025)
  • Segment: Printer parts turned to operating profit of KRW 1.06bn; LED segment loss narrowed to KRW 1.15bn (from KRW 4.34bn)
  • Separate: Net income KRW 2.4bn (down from KRW 9.7bn), operating loss KRW 0.75bn (improved from KRW 8.9bn loss)
  • Subsidiary Aalok (52.87% stake) continues in negative equity; loan loss allowance of KRW 8.8bn booked
  • Operating cash flow: Consolidated negative KRW 1.39bn (vs positive KRW 0.26bn in prior year); short-term borrowings of KRW 7.0bn

KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: PAKERS (065690)
  • Submission: PAKERS CO., Ltd.
  • Receipt: 05-15-2026