Polaris Uno Achieves Record Sales of 101.8 Billion Won and Operating Profit of 7.8 Billion Won; Embarks on Full-Scale Value-Up with Reverse Stock Split

Polaris Uno, a company specializing in synthetic fibers for wigs, has achieved its highest-ever performance since its founding, driven by expanded global market share and the efficiency of its production bases. Building on this, the company is set to embark in earnest on initiatives to enhance its corporate value, including a reverse stock split.

On March 9, Polaris Uno announced via public disclosure that its consolidated sales for the previous year reached 101.8 billion won, with operating profit at 7.8 billion won. This represents a 27% increase in sales and a 236% surge in operating profit compared to the prior year, as the substantial contributions from its subsidiaries supported both growth in scale and stronger profitability.

Polaris Uno is a global leader in the research, development, and production of synthetic fibers for wigs, including braid (braided hair) products. The company’s high-performance yarns, such as flame-retardant materials, are considered daily essentials and key fashion items for Black women who rely on wigs, and are supplied to beauty and hair markets worldwide.

The main drivers behind this record performance were the strengthening of its dominance in the African market and the establishment of its global production hubs. Uno Fiber, its subsidiary in South Africa, significantly increased its market share in Africa by diversifying its product lineup and distribution channels to meet local demand characteristics.

In addition, the Indonesian subsidiary achieved a turnaround to operating profit within just over two years of operation by improving production efficiency and cost competitiveness. The Indonesian unit has grown beyond a mere production site to become a key pillar in the company’s global supply chain.

Leveraging its robust results, the company is accelerating efforts to enhance shareholder value. As part of these efforts, it has recently decided to carry out a reverse stock split, aiming to stabilize its share price through adjustment of the number of shares in circulation and to take proactive value-up measures.

A Polaris Uno representative stated, “Despite our stable profit-generation capacity and sound financial structure, the clear absence of peer groups in domestic and overseas stock markets has led to us being categorized as a neglected or low-PBR (price-to-book ratio) stock. This year, based on our record-breaking performance and inherent business competitiveness, we will implement diverse shareholder-friendly policies such as the reverse stock split, making this the first year in which our corporate value is properly recognized.”

Meanwhile, Polaris Group, centered on Polaris Office, includes subsidiaries across various industries such as Polaris Sewon, Polaris Uno, Polaris AI, and Polaris AI Pharma. The group is actively pursuing a “vertical AI” strategy by integrating AI across all its businesses.

This content was produced with the assistance of AI translation services.