Quarterly Loss Continues but Improves; 25 Billion Won Acquisition Planned

Consolidated Q1 2026 revenue: KRW 3.3bn (vs KRW 2.7bn in Q1 2025); operating loss KRW 0.37bn (vs KRW 1.18bn loss); net loss KRW 0.23bn (vs KRW 0.64bn loss), narrowing loss.
Basic EPS: KRW -12 (vs KRW -33).
Total equity: KRW 17.3bn; debt ratio 16.73% (up from 9.23% at year-end 2025).
Cash & cash equivalents: KRW 5.1bn; short/long-term financial instruments: KRW 4.4bn.
Inventory: KRW 4.1bn (20.3% of total assets); inventory turnover 2.1x (declining trend).
Credit rating: BBB- (stable) maintained.
On May 7, 2026, board decided to acquire 100% of Mirae Information Technology for KRW 25bn (to be funded via internal resources, external borrowings, and convertible bonds).
Stock split (face value from KRW 500 to KRW 1,000) in progress, effective April 29, 2026.
No dividends; no share buyback or cancellation.
R&D expenses: KRW 0.47bn (14.1% of sales).