Samick Musical Instruments Q1 2026 Net Income Soars 4x; Shareholder Returns Continue

Consolidated revenue KRW 70.4B (down 6.5% YoY from KRW 75.3B)
Consolidated operating profit KRW 8.7B (up 40.3% YoY from KRW 6.2B)
Net income attributable to parent KRW 21.1B (up 337.5% YoY from KRW 4.8B), EPS KRW 167
Gains from FVTPL financial assets: KRW 4.8B net
Treasury shares: 14,500,000 shares (16.02% of total), continued shareholder value policy
Cash dividend of KRW 3.8B declared (for prior year); consecutive dividend maintained
Short-term borrowings increased (KRW 71.7B→156.8B) but net debt decreased (KRW 51.5B→39.0B)
Investment property fair value KRW 141.4B (separate basis)
District energy segment strong (operating profit KRW 5.9B vs KRW 4.4B YoY)
Musical instrument sales declined (KRW 27.3B vs 28.7B) but profitability improved