お知らせ • Mar 17
Studio Mir Co., LTD, Annual General Meeting, Mar 30, 2026 Studio Mir Co., LTD, Annual General Meeting, Mar 30, 2026, at 09:01 Tokyo Standard Time. Location: seminar room, geumcheon-gu, seoul South Korea New Risk • Sep 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩137.8b (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 36% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩137.8b market cap, or US$98.4m). New Risk • May 31
New major risk - Revenue and earnings growth Earnings have declined by 21% 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 Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 21% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩103.4b market cap, or US$74.9m). Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: ₩3.00 (vs ₩80.00 in FY 2023) Full year 2024 results: EPS: ₩3.00 (down from ₩80.00 in FY 2023). Revenue: ₩17.6b (down 24% from FY 2023). Net income: ₩108.5m (down 96% from FY 2023). Profit margin: 0.6% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. お知らせ • Mar 14
Studio Mir Co., LTD, Annual General Meeting, Mar 28, 2025 Studio Mir Co., LTD, Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: seminar room, geumcheon-gu, seoul South Korea Reported Earnings • Nov 20
Third quarter 2024 earnings released: ₩39.00 loss per share (vs ₩16.00 profit in 3Q 2023) Third quarter 2024 results: ₩39.00 loss per share (down from ₩16.00 profit in 3Q 2023). Revenue: ₩4.16b (down 21% from 3Q 2023). Net loss: ₩1.28b (down 354% from profit in 3Q 2023). New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Market cap is less than US$100m (₩99.9b market cap, or US$71.1m). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₩3,575, the stock trades at a trailing P/E ratio of 54.5x. Average trailing P/E is 18x in the Entertainment industry in South Korea. Total loss to shareholders of 3.4% over the past year. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩4,655, the stock trades at a trailing P/E ratio of 71x. Average trailing P/E is 18x in the Entertainment industry in South Korea. Total returns to shareholders of 54% over the past year. New Risk • Sep 24
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 11% 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩100.4b market cap, or US$75.2m). Valuation Update With 7 Day Price Move • Sep 24
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩3,070, the stock trades at a trailing P/E ratio of 46.8x. Average trailing P/E is 19x in the Entertainment industry in South Korea. Total loss to shareholders of 15% over the past year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩2,490, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 20x in the Entertainment industry in South Korea. Total loss to shareholders of 50% over the past year. New Risk • May 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩134.1b (US$98.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue has declined by 8.4% over the past year. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩134.1b market cap, or US$98.2m). Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩4,580, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 22x in the Entertainment industry in South Korea. Total loss to shareholders of 23% over the past year. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 36% After last week's 36% share price decline to ₩5,490, the stock trades at a trailing P/E ratio of 69.1x. Average trailing P/E is 19x in the Entertainment industry in South Korea. Total loss to shareholders of 15% over the past year. Buy Or Sell Opportunity • Apr 15
Now 23% undervalued Over the last 90 days, the stock has risen 53% to ₩8,660. The fair value is estimated to be ₩11,271, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last year. Earnings per share has grown by 31%. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: ₩480 (vs ₩367 in FY 2022) Full year 2023 results: EPS: ₩480 (up from ₩367 in FY 2022). Revenue: ₩23.2b (down 10% from FY 2022). Net income: ₩2.50b (up 66% from FY 2022). Profit margin: 11% (up from 5.9% in FY 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩21,300, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 30x in the Entertainment industry in South Korea. New Risk • Jul 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 8.3% 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: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.3% average weekly change). Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩33,850, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 21x in the Entertainment industry in South Korea.