Samyang Corp Q1 Net Income 31.6B Won, Announces Treasury Share Cancellation, Faces FTC Fine of 130.3B Won

Consolidated Q1 2026 (Jan-Mar): Revenue 608.3B won, Operating profit 21.1B won, Net income 31.6B won
Credit rating: Bonds AA-, CP A1 (stable)
Board resolved to cancel treasury shares on March 18, 2026 (shareholder return)
On March 5, 2026, Fair Trade Commission imposed corrective order and fine of 130.3B won for unfair collaborative acts
New US subsidiary Samyang Corporation USA Inc. established (Feb 2026)
Dividend policy: Maintain stable cash dividend, gradual increase planned
Two lawsuits (damages, debt non-existence) ongoing but deemed immaterial