Hankook Tire Q1 2026: Revenue 5.31T, OP 507B; Executive Convicted for Breach of Trust

Q1 2026 consolidated revenue: KRW 5.31 trillion, operating profit: KRW 507 billion (margin 9.5%), net income: KRW 372 billion
Tire segment revenue: KRW 2.57 trillion, operating profit: KRW 438 billion (margin 17.1%)
Subsidiary Hanon Systems (thermal management) revenue: KRW 2.75 trillion, operating profit: KRW 97 billion (margin 3.5%)
Dividend policy: target 35% payout ratio by 2027; 14th fiscal year interim dividend KRW 800/share, year-end dividend KRW 1,500/share
Post-report: Supreme Court confirmed former Chairman Cho Hyun-bum guilty of breach of trust (2 years imprisonment)
No share buyback or cancellation disclosed
Key contingent liability: customer claim of EUR 21.5 billion for electric water pump quality; management disputes liability, no provision