Polaris Office 2026 Q1 Earnings Improve, Treasury Shares Canceled - Operating Profit Up, EPS Rises

Consolidated Q1 2026: Revenue KRW 75.5B (vs 74.4B), Operating profit KRW 2.4B (vs 2.0B), Net profit (parent) KRW 2.1B (vs 1.0B), EPS KRW 42 (vs 21).
On Mar 31, 2026, canceled 41,705 treasury shares via profit cancellation, reducing outstanding shares to 49,683,793 (no change in share capital).
No dividends paid recently; no specific future dividend guidance.
Debt ratio 27.74% (down from 28.19%), cash and equivalents KRW 120.5B.
Credit ratings: KIS BBB- (Apr 2025), NICE D&B BBB+ (May 2025).
Key subsidiaries: Polaris Sewon (auto parts, synthetic yarn), Polaris AI Pharma (APIs), Handysoft (groupware).
New AI office platform 'Polaris Office AI' launched, selected as NVIDIA partner, won CES Innovation Award.
Litigation: Damage claim against subsidiary pending in 2nd trial (KRW 2B), goods payment claim in 1st trial (KRW 170M).