FADU Adjusts SSD Supply Contract to 46.97 Billion KRW Due to Customer Spec Change, Large Contract Maintains Strong Revenue Backing
FADU announced a correction to its SSD supply contract with Macnica Galaxy, reducing the amount from 47.09 billion KRW to 46.97 billion KRW due to customer product specification change.
The contract still represents 107.98% of 2024 consolidated sales of 43.5 billion KRW, and the 50% advance payment of approximately 23.5 billion KRW was received on March 10, 2026.
Macnica Galaxy Inc. is a reliable semiconductor distributor with recent sales of 552.35 billion KRW, and the contract includes damage claims for default.
[AI Summary]This contract adjustment is minor relative to revenue and does not affect execution. It supports FADU's SSD growth and stable client base.
KOSDAQ Filing Information
[Correction of Description] Conclusion of Single Sale and Supply Contract