Bluecom Shifts to Real Estate Leasing After Wireless Earphone Shutdown, Q1 Net Profit 1.55B Won, Additional Share Buyback
Shift to real estate investment and leasing after wireless earphone business discontinued in Dec 2025. Q1 consolidated revenue 1.82B won (99.9% leasing), operating profit 0.60B won, net profit 1.55B won (including discontinued operations).
Acquired additional 427,437 treasury shares (1.46B won) during the quarter, ending with 2,104,965 shares (12.3% of total).
Sale of subsidiary Bluecom Vina (Vietnam) assets in progress (assets held for sale 16.73B won). Sale price US$15M, expected completion by June 2026.
CEO borrowings totaling 16B won (short-term 6B, long-term 10B, annual 3.7%). Related-party receivables 14.14B won (from subsidiary).
Added renewable energy power generation and sales to corporate purpose. No revenue yet.