SYTS Q1 2026: Revenue Down, Net Profit Up, Dividend Paid

Company renamed from Samyang Tongsang to SYTS Corp. (March 27, 2026)
Consolidated revenue KRW 41.25B (down 14.8% YoY), operating profit KRW 2.15B (down 53.2% YoY)
Consolidated net profit KRW 3.13B (down 2.5% YoY), separate net profit KRW 4.06B (up 19.1% YoY)
Debt ratio 2.05%, cash and equivalents KRW 19.10B, equity KRW 450.50B (consolidated)
FY2025 cash dividend KRW 6.07B (KRW 2,300 per share) paid in April 2026
Segments: leather (98.5% of revenue), rental (1.5%); key subsidiary Qingdao Samyang Leather (China, 100%)
FX risk: 10% USD fluctuation impacts consolidated net profit by approx. KRW 2.02B; separate by approx. KRW 1.61B
No material contingent liabilities or ongoing litigation