Polaris UNO폴라리스우노

Polaris UNO's control is changing hands in a management-rights deal, while trailing profits are thin and the share price has fallen sharply over the past year.

Polaris UNO makes synthetic yarn for wigs and optical monomers for eyeglass lenses, with most sales exported. On trailing twelve-month figures to H1 2026 it reported revenue of ₩94.9B, an operating margin of 8.5%, and net income of ₩5.5B. Filings and news from October 2026 describe a transfer of management control to Loa&Co Group, with Lumens Bio acquiring a 34% stake for ₩13.8B.

What stands out

• Trailing revenue is about ₩94.9B and operating income about ₩8.1B, but net income of ₩5.5B is lower than the operating line suggests the profit picture is not as strong as the margin alone implies.
• Full-year 2025 revenue rose 27.1% to about ₩101.8B, yet net income fell to ₩2.4B from ₩6.1B in 2024.
• The company reports trailing cash of about ₩9.8B against borrowings of about ₩14.7B, and a liabilities-to-equity ratio of 19.5%.
• The share price closed at ₩1,480 on 26 October 2026, down 39.5% over one year and 6.6% over one month, with the stock trading well below its 52-week high of about ₩3,045.
• Filings show multiple 5%+ holding reports and an agreement on change of management control dated 21 October 2026. Foreign ownership fell from 1.9% to 1.1% over 60 days.

What to watch

• The completion and terms of the change of management control, and how the new owners set out their plans for the business, which the data does not describe.
• The next quarterly or annual results, to see whether profits recover from the weaker 2025 net income.
• The DCF fair value model gives a base value of ₩4,802 with a bear case of ₩2,325; these are model outputs, not forecasts, and the data does not explain the assumptions behind them.