Shinsegae International Q1 Operating Profit Surges 5.5x; Share Buyback and Dividend Expansion

Q1 2026 consolidated revenue KRW 295.6 bn (+15.7% YoY), operating profit KRW 14.8 bn (+452.6% YoY vs KRW 2.7 bn).
Net income KRW 14.2 bn (+214.7%), controlling interest net income KRW 14.2 bn, EPS KRW 409 (vs KRW 130).
Debt ratio 57.56% vs 70.52% at year-end 2025; net debt ratio 20.85% (vs 30.54%).
Cash and cash equivalents KRW 53.5 bn (up from KRW 38.6 bn).
Shareholder return policy: return ≥20% of separate operating profit, minimum dividend KRW 400/share, total 1.071 mn shares buyback and cancellation over FY25-27.
Additional 357k shares cancelled in Feb 2026 (cumulative 714k shares cancelled).
JAJU business unit sold (Jan 1, 2026), classified as discontinued; sales and operating profit based on continuing operations.
One minor lawsuit (foreign customer damage claim) but management deems no material impact.

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