Manyo Factory Q1 2026 Net Profit Doubles, Approves Share Buyback (Positive)

Consolidated net profit in Q1 2026: KRW 6.1 billion (up 119% YoY from KRW 2.8 billion)
Sales slightly increased to KRW 26.9 billion; operating profit KRW 6.1 billion due to lower SG&A
On Mar 25, 2026, board approved treasury stock acquisition trust contract (shareholder return)
AGM resolved to transfer KRW 29 billion from capital reserve to retained earnings, boosting dividend capacity
Established US subsidiary MANYO FACTORY US LLC (100% owned) for North American expansion
Lawsuit from former CEO for KRW 2.01 billion in compensation pending (contingent liability)
Credit rating BBB+ maintained; debt ratio 9.2%, very sound financial structure
Holds ample liquidity: cash and equivalents KRW 54.1 billion, short-term financial instruments KRW 55.3 billion