Polaris Sewon Q1 2026 OP Rises…Share Consolidation and New Investment

(Consolidated) Revenue KRW 54.5B (↓0.9% QoQ), OP KRW 1.2B (↑51.4% QoQ), Net profit (controlling) KRW 1.9B (↑145.8% QoQ)
Auto parts: Rev 19.4B, OP 0.4B; Synthetic fiber/chem: Rev 18.8B, OP 1.4B; F&C/AI: Rev 10.3B, OP 0.7B; Software: Rev 5.9B, OP -0.8B (continued loss)
March 2026: Board approved 5:1 reverse stock split (effective May 1) to stabilize price and enhance value
Feb 2026: Acquired SGD 0.78M stake in Spackman Entertainment Group (overseas foothold)
Convertible bond (4th series, balance KRW 4.7B) matured on May 14; fully redeemed (remaining KRW 2.6B)
March: CEO Kim Young-kwan resigned; Lee Yong-joon appointed
One lawsuit (goods payment KRW 0.17B, first trial ongoing) - immaterial
Tax audit notice of KRW 0.65B paid in full (2025)