Polaris Seewon Achieves 190% Operating Profit Growth... Accelerates Expansion with Hybrid and Robotaxi Orders

Polaris Seewon, a company specializing in automotive climate control system components, is accelerating its performance growth based on a profitability-focused management strategy.

On March 12, Polaris Seewon announced that its consolidated sales for the previous year reached 242.6 billion won, with an operating profit of 3.4 billion won. This represents an 18.6% increase in sales compared to the previous year's 204.6 billion won, while operating profit rose from 1.2 billion won to 3.4 billion won, marking an improvement of approximately 190% and a significant boost in profitability.

This improvement in performance resulted from the simultaneous growth of its core subsidiaries and the expansion of its business portfolio. In particular, subsidiary Polaris Uno achieved its highest-ever performance by expanding sales of high value-added products, establishing itself as a key profit generator within the group. In addition, software company Handysoft was included in consolidated earnings in the fourth quarter of last year, enabling Polaris Seewon to establish a stable growth foundation through a business structure that encompasses both manufacturing and IT.

These changes are expected to be even more fully reflected in this year's results. As Handysoft's full-year performance will be included in the consolidated figures, both sales growth and further profitability improvement are anticipated.

The core automotive parts business is also gaining growth momentum in line with the expansion of the future mobility market. Orders for components for hybrid (HEV) vehicles are rapidly increasing amid the transition to eco-friendly vehicles, and supply of parts for robotaxi applications—considered next-generation mobility—is also expanding. Based on these new orders, the company plans to pursue mid- to long-term sales growth.

Furthermore, Polaris Seewon has strengthened its long-term growth base by securing the supply rights for core components of next-generation electrification platforms for global automakers. Mass production for this project is scheduled to begin in earnest from 2027, and it is expected to serve as a key growth driver to boost future results.

A company representative stated, "On the stable foundation of our existing automotive parts business, the contributions from subsidiaries such as Polaris Uno and Handysoft have greatly improved our profit structure. We will continue to build a foundation for sustainable growth through expanding orders in future mobility areas, such as hybrid and robotaxi components, as well as diversifying our business portfolio."

Meanwhile, Polaris Group owns subsidiaries in various industries, including Polaris Office, Polaris Seewon, Polaris Uno, Polaris AI, and Polaris AI Pharma, and is pursuing a 'Vertical AI' strategy that integrates artificial intelligence across industries.

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