Shindaeyang Paper Q1 2026: Net Profit Up 31%, Cash Holdings at KRW 188.6B

Consolidated revenue of KRW 156.5B (slight decrease from KRW 157.3B in same period last year), operating profit of KRW 3.8B
Net profit attributable to parent company up 31% to KRW 9.1B from KRW 6.9B a year ago
Basic EPS of KRW 309 (vs. KRW 234 in Q1 2025)
Cash and cash equivalents at KRW 188.6B, net debt of -KRW 99.2B (net cash position)
Treasury shares held at 26.7%, no specific short-term buyback or cancellation plan
FY2025 cash dividend of KRW 225 per share
Subsidiary Daeyang Panji spun off to establish Shindaeyang Panji (Feb 2026)
Received warning from FSS for accounting violation in 2023, designated as unfaithful disclosure company in 2025 due to delayed disclosure