*This content was translated by AI.
Hankook Tire & Technology (hereinafter referred to as Hankook Tire) reported consolidated global revenue of 5.3139 trillion won and operating profit of 506.9 billion won for the first quarter of 2026. This represents a 7.0% increase in revenue and a 42.9% increase in operating profit compared to the same period last year.
Revenue from the tire segment rose 9.3% year-on-year to 2.5657 trillion won, while operating profit increased 31.1% to 437.5 billion won, with an operating profit margin of 17.1%. Hanon Systems, which was consolidated as a subsidiary starting in 2025, also showed sustained growth with revenue of 2.7482 trillion won and operating profit of 97.2 billion won. The results reflect expanded supply of new vehicle tires, particularly for electric vehicles and HYBE-led vehicles, as well as increased sales of replacement tires in key regions.
Notably, the share of high-inch tires (18 inches and above) in passenger car and light truck tire sales reached 49.1%, up 2 percentage points from the same period last year. Within new vehicle tire sales, the proportion of electric vehicle tires also expanded to 29.6%, an increase of 6.6 percentage points year-on-year. Hankook Tire is strengthening electrification in its tire segment, with the world's first full-line electric vehicle dedicated tire brand 'iON' at the center. The company is also operating a portfolio of approximately 300 specifications.
Meanwhile, Hankook & Company Group Jo Hyeon-beom (Chairman) ultimately received a final prison sentence from the Supreme Court on the 8th. The prolonged legal risks have culminated in the worst-case scenario of 'absence of the group chairman,' making it inevitable that the group will face not only a management vacuum but also a decline in external credibility.
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*This content was translated by AI.
