Shinwon Quarterly Report Correction: Mixed Performance, High Debt, Negative Credit Outlook

Q1 2026 consolidated revenue 280.8 billion won (+8.2% YoY), operating profit 6.3 billion won (vs 6.2 billion), net profit 1.6 billion won (vs -1.6 billion loss).
But high leverage: net debt ratio 118.45% (net debt 271.8 billion won).
Credit rating BBB- maintained, but NICE revised outlook to negative on Apr 30, 2026.
Large related-party receivables and guarantees: long-term loans 86 billion won, loss allowance 26.9 billion won.
No dividends or share buybacks/cancellations.
Correction is only a block tagging error, no substantive change.