Sun Kwang Q1 2026: Operating Profit Up, Investment Expansion with Lawsuit Risk

Consolidated revenue 44.3B KRW (YoY -3.5%), operating profit 10.6B (+3.9%), net profit 9.4B (+6%)
Cargo handling segment revenue 43.2B (-3.7%), leasing segment 1.1B (+2.9%)
Material lawsuit: 54.6B KRW damage claim pending in first trial (company one of 18 defendants)
Dangjin grain automated terminal construction: total contract 264.2B, remaining 181.2B
New equity investment in Incheon Global Container Terminal Co., Ltd. of 12.5B KRW
Treasury shares: 310,000 shares (4.7% of total) held for price stabilization, planned disposal
Continuous dividends since 1999; 2025 dividend yield 2.3%
Total assets 707.8B, equity 441.4B, net debt 182.2B, gearing ratio 29.22%
Operating cash flow 20.0B, interest coverage ratio 7.1x