New Risk • May 24
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩72.6b market cap, or US$47.8m). Ankündigung • Feb 24
TJ media Co., Ltd., Annual General Meeting, Mar 23, 2026 TJ media Co., Ltd., Annual General Meeting, Mar 23, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 434, world cup buk-ro, mapo-gu, seoul South Korea Upcoming Dividend • Dec 22
Upcoming dividend of ₩320 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 April 2026. Payout ratio is on the higher end at 94%, and the cash payout ratio is above 100%. Trailing yield: 5.5%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (2.9%). Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: ₩116 (vs ₩3.00 in 3Q 2024) Third quarter 2025 results: EPS: ₩116 (up from ₩3.00 in 3Q 2024). Revenue: ₩24.8b (up 22% from 3Q 2024). Net income: ₩1.62b (up ₩1.58b from 3Q 2024). Profit margin: 6.5% (up from 0.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Declared Dividend • Nov 08
Dividend of ₩320 announced Dividend of ₩320 is the same as last year. Ex-date: 29th December 2025 Payment date: 13th April 2026 Dividend yield will be 5.8%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (142% earnings payout ratio). However, it is well covered by cash flows (44% cash payout ratio). The dividend has increased by an average of 36% per year over the past 6 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 58% to bring the payout ratio under control. However, EPS has declined by 3.4% over the last 5 years so the company would need to reverse this trend. Ankündigung • Nov 07
TJ media Co., Ltd. announces Annual dividend, payable on April 13, 2026 TJ media Co., Ltd. announced Annual dividend of KRW 320.0000 per share payable on April 13, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Aug 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (141% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (₩83.5b market cap, or US$59.8m). Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: ₩333 (vs ₩337 in FY 2023) Full year 2024 results: EPS: ₩333 (down from ₩337 in FY 2023). Revenue: ₩91.9b (down 4.7% from FY 2023). Net income: ₩4.64b (down 1.2% from FY 2023). Profit margin: 5.1% (up from 4.9% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Ankündigung • Feb 25
TJ media Co., Ltd., Annual General Meeting, Mar 25, 2025 TJ media Co., Ltd., Annual General Meeting, Mar 25, 2025, at 10:00 Tokyo Standard Time. Location: conference room, 434, world cup buk-ro, mapo-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩320 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 April 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 6.6%. Within top quartile of South Korean dividend payers (3.9%). Higher than average of industry peers (2.8%). New Risk • Dec 07
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2011. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2011 fiscal period end). Minor Risk Market cap is less than US$100m (₩66.7b market cap, or US$46.9m). Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: ₩3.00 (vs ₩53.00 in 3Q 2023) Third quarter 2024 results: EPS: ₩3.00 (down from ₩53.00 in 3Q 2023). Revenue: ₩20.4b (down 6.6% from 3Q 2023). Net income: ₩45.9m (down 94% from 3Q 2023). Profit margin: 0.2% (down from 3.4% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 13
Dividend of ₩320 announced Shareholders will receive a dividend of ₩320. Ex-date: 27th December 2024 Payment date: 14th April 2025 Dividend yield will be 6.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (111% earnings payout ratio). However, it is covered by cash flows (67% cash payout ratio). The dividend has increased by an average of 45% per year over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 24% to bring the payout ratio under control, which is less than the 39% EPS growth achieved over the last 5 years. Buy Or Sell Opportunity • Aug 09
Now 22% overvalued Over the last 90 days, the stock has fallen 8.1% to ₩5,360. The fair value is estimated to be ₩4,398, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₩337 (vs ₩322 in FY 2022) Full year 2023 results: EPS: ₩337 (up from ₩322 in FY 2022). Revenue: ₩96.4b (up 12% from FY 2022). Net income: ₩4.70b (up 4.7% from FY 2022). Profit margin: 4.9% (down from 5.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 20
Upcoming dividend of ₩230 per share at 3.5% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 08 April 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of South Korean dividend payers (3.5%). Higher than average of industry peers (2.4%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩53.00 (vs ₩48.00 in 3Q 2022) Third quarter 2023 results: EPS: ₩53.00 (up from ₩48.00 in 3Q 2022). Revenue: ₩21.8b (up 7.9% from 3Q 2022). Net income: ₩735.0m (up 9.1% from 3Q 2022). Profit margin: 3.4% (up from 3.3% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩7,990, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 17x in the Consumer Durables industry in South Korea. Total returns to shareholders of 205% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: ₩322 (up from ₩230 in FY 2021). Revenue: ₩85.9b (up 39% from FY 2021). Net income: ₩4.49b (up 40% from FY 2021). Profit margin: 5.2% (in line with FY 2021). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 27%. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 38% per year. Upcoming Dividend • Dec 21
Upcoming dividend of ₩60.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 06 April 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (2.2%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩5,560, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Consumer Durables industry in South Korea. Total returns to shareholders of 79% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩5,000, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 15x in the Consumer Durables industry in South Korea. Total returns to shareholders of 60% over the past three years. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: ₩112 (vs ₩31.00 in 1Q 2021) First quarter 2022 results: EPS: ₩112 (up from ₩31.00 in 1Q 2021). Revenue: ₩17.8b (up 38% from 1Q 2021). Net income: ₩1.56b (up 259% from 1Q 2021). Profit margin: 8.8% (up from 3.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₩7,880, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 14x in the Consumer Durables industry in South Korea. Total returns to shareholders of 145% over the past three years. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment improved over the past week After last week's 34% share price gain to ₩8,850, the stock trades at a trailing P/E ratio of 38.5x. Average trailing P/E is 20x in the Consumer Durables industry in South Korea. Total returns to shareholders of 172% over the past three years. Reported Earnings • Mar 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₩230 (up from ₩176 loss in FY 2020). Revenue: ₩61.9b (up 11% from FY 2020). Net income: ₩3.20b (up ₩5.66b from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 27% per year and the company’s share price has also increased by 27% per year. Reported Earnings • Mar 20
Full year 2020 earnings released: ₩176 loss per share (vs ₩64.00 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: ₩55.6b (down 26% from FY 2019). Net loss: ₩2.46b (down 374% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 25
New 90-day high: ₩3,975 The company is up 37% from its price of ₩2,900 on 27 November 2020. The South Korean market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 40% over the same period. Ankündigung • Feb 19
TJ media Co., Ltd., Annual General Meeting, Mar 25, 2021 TJ media Co., Ltd., Annual General Meeting, Mar 25, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Feb 02
New 90-day high: ₩3,410 The company is up 11% from its price of ₩3,080 on 04 November 2020. The South Korean market is up 28% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 46% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: ₩3,255 The company is up 19% from its price of ₩2,735 on 14 October 2020. The South Korean market is up 28% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 22
New 90-day high: ₩3,180 The company is up 19% from its price of ₩2,675 on 23 September 2020. The South Korean market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 3.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day high: ₩3,055 The company is up 9.0% from its price of ₩2,790 on 04 August 2020. The South Korean market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 15
New 90-day high: ₩2,955 The company is up 4.0% from its price of ₩2,835 on 17 July 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 15% over the same period.