DNC Media Q1 Report: Net Profit 2.13B Won, Buyback 138,000 Shares
Q1 2026 consolidated revenue 17.36B won, operating profit 3.49B won (margin 20.1%), net profit attributable to parent 2.13B won. Revenue slightly down (-2.8% YoY) but operating profit up 54%.
Share buyback: 138,000 common shares acquired (approx. 1.66B won) in January 2026, following 111,882 share cancellation in prior year. Ongoing shareholder return.
Strong financials: consolidated debt ratio 19.81%, current ratio 414%, cash equivalents 11.69B won, net cash position.
Subsidiary restructuring: loss-making Pulseclip liquidated in March 2026, Studio Boom liquidated in October 2025. Efficiency improvement underway.
Key customers: Kakao Entertainment (27.4% of revenue) and ANIPLEX (16.9%). High customer concentration.
Legal risk: one ongoing civil lawsuit (damages). Management expects no material financial impact.
Effective tax rate surged to 44.94% (vs 8.63% in prior quarter). Possibly one-off; needs monitoring.