Sungho Electronic: Net Income Surges on Derivative Gains, Active M&A and Financing


  • Consolidated net income 319.5 billion won (vs. loss last year, vs. 90.9 billion won in FY2025), EPS 4,505 won (vs. 1,343 won)
  • Operating profit 3.2 billion won (vs. 1.6 billion won), revenue 66.0 billion won (vs. 59.3 billion won) - modest real growth
  • Most net income from non-cash derivative gain on call option of convertible bonds: 421.1 billion won (one-off)
  • Three M&A deals (ADS Tech 272.8 billion, D&S 41.1 billion, Uisung Sanitary 13.9 billion), goodwill increased by 219 billion won
  • Issued 18th CB 50 billion won, 19th BW 30 billion won, expanding financing capacity
  • Articles amended: authorized shares from 100M to 300M, CB limit from 100B to 2T, introduced interim dividend
  • Total assets 1,355.5 billion won (vs. 581.1 billion won), total liabilities 770.4 billion won (vs. 327.1 billion won) - increased leverage
  • Stock price surged (March high 59,600 won vs. Oct low 1,030 won)
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KOSDAQ Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: Sungho Electronics (043260)
  • Submission: Sungho Electronics Corp.
  • Receipt: 05-15-2026