INZI Controls: Q1 2026 Net Income Plunges, Credit Rating Downgraded, Dividend Increased

Q1 2026 consolidated revenue KRW 178.5B (down 1.6% YoY), operating profit KRW 9.8B, net income KRW 6.5B.
Consolidated net income plunged 49.5% YoY from KRW 12.8B in Q1 2025.
FY2025 cash dividend set at KRW 500 per share (up from KRW 300 previous year).
Net debt ratio rose to 144.11% from 135.82% at FY2025 end, deteriorating financial health.
Credit rating downgraded from AA- to A+ (Korea Enterprise Data, Apr 3, 2026).
Fair Trade Commission imposed fine of KRW 144M for unfair subcontracting (Mar 5, 2026).
Provision of KRW 763M recognized for regular wage litigation.
Major shareholder changed to Jeong Hye-seung due to death of Jeong Gu-yong (Mar 18, 2026).
R&D spending KRW 6.1B (6.17% of sales), continuing development of EV/hydrogen vehicle parts.
Capital expenditure increased with acquisition of tangible assets worth KRW 18.6B.

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