Seojin System Reports Operating Loss of KRW 32.9 Billion in Q1 2026

Consolidated revenue: KRW 280.1 billion, operating loss: KRW 32.9 billion, net loss: KRW 20.4 billion (attributable to parent)
Semiconductor equipment segment revenue share increased to 40.3%; ESS equipment share decreased to 28.3%
Inventory: KRW 986.7 billion, debt-to-equity ratio: 209%, cash and cash equivalents: KRW 29.3 billion
During the quarter, approximately 2.73 million common shares issued from conversion of CB/BW and stock option exercise (dilution)
After the reporting period, additional share issuance from conversion, stock options, and a third-party rights offering (4.03 million shares), continuing dilution
No share buyback/cancellation or dividend plan
Standalone net income: KRW 30.0 billion, but consolidated loss due to subsidiary losses
Among major subsidiaries, Texson (semiconductor equipment) profitable; most Vietnam subsidiaries loss-making
Significant debt guarantees and collateral provided (joint guarantees for subsidiary borrowings)

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