2026 Q1 Operating Loss and Net Loss Recorded, Treasury Stock Cancellation Plan, Japan Market Entry
Consolidated Q1 2026 revenue of KRW 18.128 billion, down 57.8% YoY from KRW 42.945 billion. Operating loss of KRW 788 million (vs. operating profit of KRW 8.967 billion in Q1 2025).
Net loss of KRW 1.685 billion (vs. net profit of KRW 4.399 billion in Q1 2025). Basic loss per share of KRW 67 (vs. basic EPS of KRW 199).
Plans to cancel treasury shares (29,113 shares) acquired due to stock purchase requests from shareholders opposing the SPAC merger in November 2025, within 1.5 years as per amended commercial law.
Two pending lawsuits: a contract claim (appeal to Supreme Court) and a damage claim (appeal in progress). Company expects no material financial impact.
Launched hybrid smartphone 'MIVE Keisuma' for the Japanese market in February 2026 and started supplying to local distribution channels.