Correction: Mislabeling of 'Selling and Administrative Expenses' note in quarterly report (reclassification of revenue categories), no change in financial figures.
Consolidated 1Q26 Results: Revenue KRW 89.2B (down 14.9% YoY from KRW 104.8B), Operating loss KRW 1.4B (vs profit KRW 4.4B in prior year), Net income KRW 0.6B (down from KRW 1.0B).
Separate 1Q26 Results: Revenue KRW 83.8B (down from KRW 96.3B), Operating profit KRW 1.9B (down from KRW 4.4B), Net income KRW 2.5B (down from KRW 3.6B).
Financial Health: Debt ratio 145% (up from 126% at year-end), Net debt to equity ratio 97% (up from 74%). Total borrowings and lease liabilities KRW 209.3B.
Treasury Share Cancellation: Completed cancellation of 310,000 treasury shares on May 8, 2026 (book value approx. KRW 1.7B). Remaining treasury shares: 497,472.
Credit Risk: Allowance for doubtful accounts of KRW 10.7B on receivables from related party (Hojeon Retail), reflecting collection uncertainty. Slightly decreased from prior year.
Convertible Bonds: 12th CB (KRW 15B) fully redeemed early, 13th CB (KRW 22.5B) with KRW 5B outstanding (maturity Oct 2026). Potential dilution if converted.
Other: One pending lawsuit (claim amount KRW 2.3M), outcome uncertain.
KOSPI Filing Information
Filing: [Correction of Description] Quarterly Report (2026.03)