ILJIN Diamond Swings to Operating Profit in Q1 2026; Maintains 300 Won Dividend

Consolidated Q1 2026 sales: 47.76 billion won (+59% YoY), operating profit: 0.44 billion won (swing to profit), net income: 4.04 billion won (+235%).
Consolidated debt ratio of 12.8%, net cash position with net debt of -13.72 billion won.
Maintained cash dividend of 300 won per share (30% of par value), total dividend of 4.26 billion won (FY2025 settlement dividend).
Credit rating maintained at BBB- (stable) by iCreable.
Key subsidiary ILJIN Hysolus (59.6% stake) saw sales up 149% to 27.12 billion won, operating loss narrowed to 2.03 billion won.
R&D spending of 1.24 billion won (7.4% of sales), developing new products such as hydrogen storage containers and PCBN.
Lawsuit of 135 million won pending (appeal after second trial), provision recorded.