TCK reports Q1 2026 sales of KRW 95.4B, operating profit KRW 28.6B; Solid SiC segment leads growth

Q1 2026 sales KRW 95.39B, operating profit KRW 28.55B, net income KRW 25.11B (sales up 21.7% YoY)
Solid SiC segment sales KRW 85.47B (89.6% of total), up 35.8% YoY, leading growth
Debt-free, debt ratio 11.6%, credit rating AA-(Ecredible), very sound financial structure
Dividend policy: maintain cash payout ratio of at least 20% of net income; consecutive dividends since 2007
Currency forward contracts for FX risk hedging (derivative liabilities KRW 0.93B)
One patent lawsuit pending (DS Techno); no other contingent liabilities
Continued R&D: successful localization of 12-inch SiC wafer, CVD-SiC ring; R&D expenses KRW 1.12B (1.18% of sales)
Largest shareholder TOKAI CARBON (52.63%), second-largest (주)케이씨 (6.9%)