Fashion Platform Reports Strong Q1 2026: Consolidated Sales KRW 27.1B, Operating Profit KRW 3.2B; Cancels 1.03M Treasury Shares

Consolidated Q1 2026: Revenue KRW 27,054M (+16.7% QoQ), Operating Profit KRW 3,164M (+95.6%), Net Profit KRW 2,713M (+129.2%), EPS KRW 106 (vs. KRW 46 in prior Q)
Treasury shares cancellation: 1,029,831 shares canceled on March 12, 2026 (profit-based cancellation). Outstanding shares reduced from 26,636,713 to 25,606,882, boosting per-share metrics
Planned reverse stock split (5:1) effective May 1, 2026, further reducing shares to ~5.12M
Debt-to-equity ratio 33.3%, healthy balance sheet
Subsidiary Deco&F turned profitable (net income KRW 494M) contributing to consolidated results
Standalone: Revenue KRW 24,691M (+17.2%), Operating Profit KRW 2,791M (+27.6%), Net Profit KRW 2,222M (+30.3%)\- Risk: Full allowance (KRW 4,925M) for short-term bond of Homeplus, a non-banking entity in rehabilitation
Shareholder proposal (buyback/cancel 10% of operating profit) was rejected due to lack of quorum, but the company's own treasury cancellation demonstrates commitment to shareholder returns

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