Financial Data and Key Metrics Changes - Revenue for Q4 2025 rose slightly quarter-on-quarter (QOQ) to 7.2008 trillion KRW, driven by solid panel shipments for TVs and notebook PCs [12] - Operating profit declined QOQ to 168.5 billion KRW due to lower shipments of certain small and medium OLED models and one-off costs related to strengthening profit structure [14] - Net loss was 351.2 billion KRW, primarily due to foreign currency translation losses [20] - EBITDA in Q4 was 1.162 trillion KRW, with an EBITDA margin of 16% [23] - Cash and cash equivalents at quarter end were 1.573 trillion KRW, largely unchanged QOQ [46] - Total debt decreased to 12.664 trillion KRW, and net debt fell to 11.091 trillion KRW [48][51] Business Line Data and Key Metrics Changes - Shipment area for TV and notebook PC panels grew QOQ, while shipments for monitor and tablet panels declined, resulting in a total shipment area of 4.0 million square meters [29] - ASP per square meter was $1,297, down 5% QOQ but up 49% year-on-year, reflecting a shift towards OLED products [31][42] - OLED products accounted for 65% of total revenue in Q4, unchanged QOQ and up 5 percentage points year-on-year [42] Market Data and Key Metrics Changes - Revenue share from mobile and others accounted for 40% of total revenue, up 1 percentage point QOQ [35] - IT revenue share remained at 36%, down 1 percentage point QOQ [38] - TV revenue share rose slightly by 1 percentage point, while auto revenue share fell to 7%, down 1 percentage point QOQ [40] Company Strategy and Development Direction - The company aims to continue growing its OLED business and improve operational efficiency while addressing external uncertainties and market volatility [76] - Plans include expanding panel shipments in small mobile, responding to high-end market demand in medium-sized OLED, and focusing on high-end LCD in IT [78][81] - The company is committed to maintaining a CAPEX policy focused on future readiness and structural upgrades, with 2026 CAPEX expected to be around 2 trillion KRW [89] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing external uncertainties and volatility in global markets but emphasized the importance of stabilizing business performance through OLED growth and cost innovation [76] - The company aims to become a technology-centric organization and improve competitiveness across various dimensions [111][125] Other Important Information - The company incurred one-off costs in Q4 related to voluntary retirement programs and incentive payments for employees, totaling in the high 300 billion KRW range [67][73] - The company expects total shipment area to decrease by low 20% in Q1 2026 due to seasonality, with ASP per square meter expected to remain above $1,200 [56] Q&A Session Summary Question: Outlook for each business and expected performance for the year - The company expects OLED share to continue growing, driving revenue, and aims to avoid losses in the first half of the year [97] Question: Strategic priorities for the mid to long term - The company emphasizes the need for continuous growth and profitability in every quarter, focusing on improving competitiveness [106][121] Question: Smartphone panel shipment numbers and market opportunities - The company achieved an annual panel shipment target of around mid-70 million units and aims to further close the gap between first and second half shipments [137] Question: Impact of memory semiconductor trends on business performance - The company is monitoring the impact of rising memory prices on display prices and demand, but currently, the impact remains limited [145] Question: Outlook for IT business and potential turnaround - The company anticipates continued improvement in profitability while focusing on high-end LCD and OLED products [154] Question: Strategy for large OLED panels and maintaining profitability - The company plans to strengthen its white OLED lineup and target a panel shipment of over 7 million units in 2026, aiming for a 10% growth [169]