Quarterly Report Correction Sharply Lowers EPS, Highlighting Investor Confidence Risk

[Reason for Correction] LVMC corrected an error in its Q1 2026 quarterly report where the weighted average shares outstanding for EPS calculation were understated (47,572,812 shares → 192,934,184 shares). Consequently, basic EPS from continuing operations (USD) was adjusted downward from $0.22 to $0.05, and diluted EPS from $0.21 to $0.05.
[Specific Impact] In KRW terms, basic EPS from continuing operations fell from 318 won to 78 won. However, net income ($12.34 million) and overall financial position remain unchanged.
[Other Corrections] Minor errors in cash flow statement and notes on borrowings were also corrected, but these do not affect the totals in the balance sheet or income statement.
[Shareholder Value Impact] This correction reveals a material misstatement in previously reported EPS, which could have misled investors. In the short term, it may negatively affect the stock price and raise questions about accounting transparency.
[AI Summary]The correction sharply reduced EPS by approximately 77%, but the underlying net income remains intact. The magnitude of the accounting error, however, damages credibility and may act as negative sentiment for investors.