[주총 포커스] 무상감자 카드 꺼낸 케스피온…결손정리·신사업 시험대

Kespion is pursuing aggressive financial restructuring—capital reduction, stock consolidation, and M&A into healthcare—to address structural losses and pivot toward higher-growth sectors. While Q1 2026 showed improvements in operating profit and net income, persistent negative cash flow indicates that accounting corrections alone are insufficient; the company must deliver real business improvement and profitability in its new healthcare segment. This case exemplifies how traditional electronics manufacturers are being forced to simultaneously restructure finances and diversify business models, a high-risk transformation with significant execution challenges.