HyVISION SYSTEM Q1 2026: Operating Loss Widens but Aggressive Share Cancellation (12%) Boosts Shareholder Returns

Consolidated revenue KRW 28.0bn (+22.6% YoY), operating loss KRW 7.5bn, net loss attributable to parent KRW 2.8bn (EPS -KRW 221)
Board on 2026/3/12 resolved to cancel 1,796,673 shares (12.02% of outstanding) out of 2,096,673 treasury shares by September 2027
300,000 shares (2.01%) to be used for employee compensation within 4 years
FY2025 year-end dividend: KRW 80 per share (down from KRW 400, adjusted due to net loss)
Inventories doubled (KRW 32.5bn→67.3bn), trade receivables decreased (KRW 30.4bn→21.6bn)
Subsidiaries (Futuristic, Cubicon etc.) continued losses; India plant commenced operations
Equity method losses from associates KRW 0.64bn, gains from financial assets KRW 1.36bn