Q1 2026 Results: Revenue and Operating Profit Decline, Dividend Maintained

Revenue 21.7B KRW (down 18% YoY), Operating profit 3.1B KRW (down 29% YoY)
Consolidated net income 3.0B KRW (down 23% YoY), Separate net income 2.9B KRW
Dividend: 8.27B KRW paid (~1,250 won per share), dividend payable 8.37B KRW
Debt ratio 23% (total liabilities 20.4B, equity 88.7B), no borrowings
Cash and equivalents 9.3B KRW, short-term financial instruments 34.8B KRW; strong liquidity
Heavy reliance on key customer (Daehan Ju Jeong Sales): 84% of sales
Contingent liabilities: rice purchase commitment 12.2B KRW, guarantees utilized 6.3B KRW