Q1 2026 Consolidated Operating Loss of 2.77B, CB Conversion & Share Buyback

Q1 2026 consolidated: revenue 14.5B, operating loss 2.77B, net loss 1.36B (vs net profit 0.78B YoY)
Separate: revenue 8.33B, operating loss 0.86B, net loss 0.33B (vs net profit 2.01B YoY)
Treasury stock: 2,810,396 shares (6.38%) held; 2.6B acquired via trust (26.04% execution rate)
Full conversion of 5th CB (9.2B) → 9,145,128 new shares issued, capital stock increased to 22B
A-Capital adjusted equity ratio 73.56%, Scara enterprise loan equity ratio 99.90% (sound)
Litigation risk: 4 cases against consolidated entities, aggregate claim 30.6B
Collateral provided: 135.17B pledged for borrowings (land, buildings, unlisted shares, loan receivables)