JNTC Q1 2026: Operating Loss Continues but Narrows

Consolidated Q1 2026 revenue of KRW 39.98B (down 16.8% YoY from KRW 48.05B), operating loss of KRW 11.43B (vs. KRW 12.65B loss in Q1 2025), net loss of KRW 8.43B (vs. KRW 18.02B loss) – losses continue but narrow YoY.
Debt-to-equity ratio rose to 138.7% from 121.3% at year-end 2025. Short-term borrowings at KRW 216.8B and new private bond issuance of KRW 30B (5.70%, 1-year maturity) increased financial burden.
Connector segment revenue KRW 24.62B (61.6%), advanced materials (tempered glass etc.) revenue KRW 15.36B (38.4%), with connector share expanding.
Consolidated net loss per share improved to -KRW 147 from -KRW 316 in Q1 2025.
New businesses: dedicated TGV glass substrate plant completed in May 2025, HDD glass platter mass production preparation underway.
Exchangeable bonds outstanding (face value KRW 12.4B, exchange price KRW 32,553, underlying 381,000 treasury shares). Put option exercisable from Nov 11, 2027.
Treasury shares held: 670,377 shares (1.16%). Separate financial statements show net profit of KRW 11.56B (vs. consolidated loss).