Shinwon Q1 2026: Sales up 8.2%, Net profit turns positive, Credit rating negative watch


  • Consolidated Q1 2026 sales 280.8 billion won (+8.2% YoY), operating profit 6.3 billion won (vs 6.2 billion won)
  • Net profit of 1.6 billion won, turning from loss
  • Corporate bond rating BBB- maintained, but NICE downgraded outlook to 'negative' on April 30, 2026
  • Net debt to equity ratio 118.45%, high leverage
  • Derivative losses (TRF) of 2.1 billion won
  • No quarterly dividend or share buyback/cancellation

KOSPI Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: Shinwon (009270)
  • Submission: Shinwon Corporation
  • Receipt: 05-15-2026