ONEUL E&M: Continued Losses, Credit Downgrade to CCC+, Tax Provision of 54.3B Won, Going Concern Uncertainty
- Consolidated Q1 2026 revenue increased to 5.1B won (vs 3.0B won in prior period), but operating loss of 0.39B won and net loss of 1.24B won
- Credit rating downgraded to CCC+ (Korea Data, April 7, 2026)\- Tax dispute amounting to approximately 110.5B won (corporate tax and VAT), provision of 54.3B won, litigation pending
- Current liabilities exceed current assets (consolidated 24.6B won, separate 30.1B won); going concern uncertainty
- Subsequent event: decision to transfer robot business division (April 24, 2026)
- Issuance and conversion of 5th CB, stock consolidation occurred; no dividend or share buyback plan
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KOSDAQ Filing Information
- Filing: Quarterly Report (2026.03)
- Company: ONEUL E&M (192410)
- Submission: ONEUL E&M co.,Ltd
- Receipt: 05-15-2026