New Risk • May 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩3.4b free cash flow). Earnings have declined by 9.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (₩26.3b market cap, or US$17.4m). Board Change • May 12
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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 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. New Risk • Mar 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩3.4b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩3.4b free cash flow). Earnings have declined by 9.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩18.5b market cap, or US$12.2m). Annonce • Mar 13
Barunson Co., Ltd., Annual General Meeting, Mar 30, 2026 Barunson Co., Ltd., Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 34, dongtanjiseong-ro 470beon-gil, yeongtong-gu, gyeonggi-do, suwon South Korea New Risk • Aug 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2012. 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 March 2012 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩39.3b market cap, or US$28.3m). New Risk • Jun 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of South Korean stocks, typically moving 9.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (₩48.5b market cap, or US$35.5m). Annonce • Jun 06
Barunson Co., Ltd. announced that it has received KRW 600 million in funding On June 5, 2025, Barunson Co., Ltd. closed the transaction. Annonce • Jun 03
Barunson Co., Ltd. announced that it expects to receive KRW 600 million in funding Barunson Co., Ltd. announced a private placement to issue Zero Coupon Series 36 Unsecured, Non-Registered Convertible Bonds with Bearer Rights due June 5, 2028 for gross proceeds of KRW 600,000,000 on June 2, 2025. The transaction will include participation from individual investors Baek Ji-hyun for KRW 300,000,000 and Kang Sung-cheol for KRW 300,000,000. The transaction has been approved by shareholders, restricted to a hold period, expected to close on June 5, 2025, 100% convertible into 600,000 shares at a fixed conversion price of KRW 1,000 from July 5, 2025 to May 5, 2028, bears zero coupon, 5% maturity rate and matures on June 5, 2028. Reported Earnings • May 18
First quarter 2025 earnings released: EPS: ₩61.00 (vs ₩29.00 loss in 1Q 2024) First quarter 2025 results: EPS: ₩61.00 (up from ₩29.00 loss in 1Q 2024). Revenue: ₩17.0b (up 19% from 1Q 2024). Net income: ₩2.11b (up ₩3.09b from 1Q 2024). Profit margin: 12% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Annonce • Mar 15
Barunson Co., Ltd., Annual General Meeting, Mar 28, 2025 Barunson Co., Ltd., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 34, dongtanjiseong-ro 470beon-gil, yeongtong-gu, gyeonggi-do, suwon South Korea New Risk • Aug 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₩5.5b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩5.5b free cash flow). Earnings have declined by 21% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩40.0b market cap, or US$30.0m). New Risk • Oct 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 26% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (₩71.4b market cap, or US$53.1m). Annonce • Jun 01
Barunson Co., Ltd. announced that it has received KRW 2 billion in funding On May 31, 2023, Barunson Co., Ltd. closed the transaction. 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 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 • Jun 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩2,430, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 16x in the Entertainment industry in South Korea. Total returns to shareholders of 6.1% over the past three years. 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 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. Is New 90 Day High Low • Feb 24
New 90-day low: ₩2,745 The company is down 15% from its price of ₩3,220 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 18% over the same period. Annonce • Dec 17
Barunson Co.,Ltd. announced that it has received KRW 5 billion in funding On December 15, 2020, Barunson Co.,Ltd. (KOSDAQ:A018700) closed the transaction. Reported Earnings • Nov 20
Second quarter 2021 earnings released: ₩43.00 loss per share The company reported a solid second quarter result with improved revenues and control over expenses, though losses increased. Second quarter 2021 results: Revenue: ₩9.03b (up ₩8.00b from 2Q 2020). Net loss: ₩1.25b (loss widened ₩1.07b from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 10
New 90-day high: ₩3,025 The company is up 11% from its price of ₩2,730 on 12 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 4.0% over the same period. Annonce • Jul 31
Barunson Co.,Ltd. (KOSDAQ:A018700) completed the acquisition of Jolse. Barunson Co.,Ltd. (KOSDAQ:A018700) agreed to acquire Jolse for KRW 40.8 million on December 27, 2019. Barunson will issue 1 share for every 628.1362367 shares of Jolse.
Barunson Co.,Ltd. (KOSDAQ:A018700) completed the acquisition of Jolse on March 27, 2020. 