Adverse - Vivien reports Q1 operating loss of KRW 2.1bn, capital reduction and CB conversion worsen financial structure
- Consolidated Q1 revenue KRW 49.6bn (YoY -13.3%), operating loss KRW 2.1bn, net loss KRW 4.5bn
- Debt-to-equity ratio 197.9% (debt KRW 151.8bn / equity KRW 76.7bn), net debt KRW 93.2bn, gearing ratio 54.9%
- In April 2026, 30:1 free reduction and conversion of 3rd CB changed outstanding shares
- Retained earnings deficit of KRW 19.4bn, but not capital impairment
- Key subsidiary Dimoa became an associate due to stake dilution
- Increased related-party transactions and collateral provided
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KOSPI Filing Information
- Filing: Quarterly Report (2026.03)
- Company: VIVIEN (002070)
- Submission: VIVIEN CORPORATION
- Receipt: 05-15-2026