お知らせ • Mar 12
SDN Company., Ltd., Annual General Meeting, Mar 26, 2026 SDN Company., Ltd., Annual General Meeting, Mar 26, 2026, at 11:00 Tokyo Standard Time. Location: conference room, 30, cheomdanventure-ro 16beon-gil, buk-gu, gwangju South Korea Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ₩57.00 (vs ₩18.00 loss in 3Q 2024) Third quarter 2025 results: EPS: ₩57.00 (up from ₩18.00 loss in 3Q 2024). Revenue: ₩26.1b (up 24% from 3Q 2024). Net income: ₩3.62b (up ₩4.61b from 3Q 2024). Profit margin: 14% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. New Risk • Jun 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 78% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (₩86.5b market cap, or US$62.6m). New Risk • Apr 22
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 10% 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 78% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (₩90.4b market cap, or US$63.5m). お知らせ • Mar 08
SDN Company., Ltd., Annual General Meeting, Mar 27, 2025 SDN Company., Ltd., Annual General Meeting, Mar 27, 2025, at 16:00 Tokyo Standard Time. Location: conference room, 30, cheomdanventure-ro 16beon-gil, buk-gu, gwangju South Korea New Risk • Dec 16
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩73.1b market cap, or US$50.9m). 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 2013. 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 2013 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$100m (₩59.9b market cap, or US$42.1m). New Risk • Mar 28
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 9.3% 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 (-₩8.1b free cash flow). Earnings have declined by 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (₩77.7b market cap, or US$57.5m). Reported Earnings • Mar 23
Full year 2023 earnings released: ₩160 loss per share (vs ₩14.00 profit in FY 2022) Full year 2023 results: ₩160 loss per share (down from ₩14.00 profit in FY 2022). Revenue: ₩75.7b (down 28% from FY 2022). Net loss: ₩8.69b (down ₩9.45b from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. New Risk • Aug 30
New major risk - Revenue and earnings growth Earnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩90.6b market cap, or US$68.4m). Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: ₩14.00 (vs ₩67.00 loss in FY 2021) Full year 2022 results: EPS: ₩14.00 (up from ₩67.00 loss in FY 2021). Revenue: ₩104.5b (up 13% from FY 2021). Net income: ₩760.6m (up ₩4.16b from FY 2021). Profit margin: 0.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩2,350, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 22x in the Electrical industry in South Korea. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 16% share price gain to ₩3,525, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 23x in the Electrical industry in South Korea. Total returns to shareholders of 87% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 22% share price gain to ₩3,535, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 22x in the Electrical industry in South Korea. Total returns to shareholders of 93% over the past three years. Is New 90 Day High Low • Feb 22
New 90-day low: ₩3,240 The company is down 25% from its price of ₩4,335 on 24 November 2020. The South Korean market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 29
New 90-day low: ₩3,310 The company is down 21% from its price of ₩4,195 on 30 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electrical industry, which is up 25% over the same period. Valuation Update With 7 Day Price Move • Nov 16
Market pulls back on stock over the past week After last week's 16% share price decline to ₩4,235, the stock is trading at a trailing P/E ratio of 28.3x, down from the previous P/E ratio of 33.6x. This compares to an average P/E of 18x in the Electrical industry in South Korea. Total returns to shareholders over the past three years are 172%. Valuation Update With 7 Day Price Move • Oct 22
Market pulls back on stock over the past week After last week's 16% share price decline to ₩4,275, the stock is trading at a trailing P/E ratio of 28.5x, down from the previous P/E ratio of 33.9x. This compares to an average P/E of 18x in the Electrical industry in South Korea. Total returns to shareholders over the past three years are 188%. Is New 90 Day High Low • Oct 08
New 90-day high: ₩4,280 The company is up 55% from its price of ₩2,755 on 10 July 2020. The South Korean market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 41% over the same period. お知らせ • Jul 25
SDN Company., Ltd. announced that it expects to receive KRW 8 billion in funding SDN Company., Ltd. (KOSDAQ:A099220) announced a private placement of series 14 non-guaranteed private convertible bonds for gross proceeds of KRW 8,000,000,000 on July 24, 2020. The transaction will include participation from Naue Partnership Fund. The bonds do not carry any interest. The bonds will expire on July 28, 2025. The bonds are fully convertible into 2,892,263 common shares at a fixed conversion price of KRW 2,766 per share. The conversion period starts from July 28, 2021 and ends on June 28, 2025. The subscription date of the bonds is July 24, 2020. The company expects to close the transaction on July 28, 2020. 
