Gwangju Shinsegae: Strong Q1 2026 Results and Enhanced Shareholder Returns

Q1 revenue up 7.1% to 48.7bn won, operating profit up 21.6% to 15.7bn, net profit up 19.1% to 13.4bn
EPS 1,763 won (vs 1,419 won)
Completed cancellation of 330,018 treasury shares (Apr 2026); largest shareholder stake rose to 65.56%
Introduced quarterly dividend of 600 won per share; annual minimum dividend 2,000 won, payout ratio ≥30%
U-Square terminal business acquired in 2024 operating steadily
Department store market share in Gwangju at 51.6%, leading position
Limited contingent liabilities and litigation risks