New Risk • May 04
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 13% 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 High level of non-cash earnings (112% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (₩30.9b market cap, or US$21.0m). Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₩1,914, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 18x in the Electronic industry in South Korea. Total returns to shareholders of 9.6% over the past year. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩1,675, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total returns to shareholders of 5.1% over the past year. お知らせ • Mar 10
SD SYSTEM Co., Ltd, Annual General Meeting, Mar 26, 2026 SD SYSTEM Co., Ltd, Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 31, galmachi-ro 244beon-gil, jungwon-gu, gyeonggi-do, seongnam South Korea Reported Earnings • Nov 14
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₩5.05b (up 49% from 3Q 2024). Net income: ₩72.8m (up ₩418.1m from 3Q 2024). Profit margin: 1.4% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. お知らせ • Mar 12
SD SYSTEM Co., Ltd, Annual General Meeting, Mar 26, 2025 SD SYSTEM Co., Ltd, Annual General Meeting, Mar 26, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 31, galmachi-ro 244beon-gil, jungwon-gu, gyeonggi-do, seongnam 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 Risks Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Market cap is less than US$100m (₩17.3b market cap, or US$12.0m). Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩1,259, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total loss to shareholders of 33% over the past year. New Risk • Dec 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩14.0b (US$9.84m) This is considered a major 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 Risk Market cap is less than US$10m (₩14.0b market cap, or US$9.84m). Minor Risk Shareholders have been diluted in the past year (4.8% increase in shares outstanding). Reported Earnings • Nov 14
Third quarter 2024 earnings released: ₩26.00 loss per share (vs ₩25.00 profit in 3Q 2023) Third quarter 2024 results: ₩26.00 loss per share (down from ₩25.00 profit in 3Q 2023). Revenue: ₩3.39b (down 29% from 3Q 2023). Net loss: ₩345.3m (down 207% from profit in 3Q 2023). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩1,600, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 13x in the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩2,120, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 15x in the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩2,050, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 15x in the Electronic industry in South Korea. New Risk • Apr 17
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 8.8% 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 High level of non-cash earnings (28% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (₩28.7b market cap, or US$20.7m). Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩2,135, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 16x in the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩2,195, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 17x in the Electronic industry in South Korea. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩1,690, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 15x in the Electronic industry in South Korea. Board Change • Oct 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. 5 experienced directors. No highly experienced directors. 1 independent director (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.