New Risk • Jun 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩141.6b (US$92.1m) 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to ₩17,530, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 11x in the Commercial Services industry in South Korea. Total loss to shareholders of 47% over the past year. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩24,050, the stock trades at a trailing P/E ratio of 42.2x. Average trailing P/E is 14x in the Commercial Services industry in South Korea. Total returns to shareholders of 26% over the past year. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩25,600, the stock trades at a trailing P/E ratio of 44.9x. Average trailing P/E is 15x in the Commercial Services industry in South Korea. Total returns to shareholders of 59% over the past year. New Risk • Mar 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩26,300, the stock trades at a trailing P/E ratio of 48x. Average trailing P/E is 16x in the Commercial Services industry in South Korea. Total returns to shareholders of 42% over the past year. 공시 • Feb 20
Woojinntec Inc., Annual General Meeting, Mar 27, 2026 Woojinntec Inc., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 24, dongtanyeok-ro, gyeonggi-do, hwaseong South Korea 공시 • Feb 10
Woojinntec Inc. announces Annual dividend Woojinntec Inc. announced Annual dividend of KRW 150.0000 per share, ex-date on March 27, 2026 and record date on March 30, 2026. New Risk • Jan 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 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 40% After last week's 40% share price gain to ₩31,050, the stock trades at a trailing P/E ratio of 56.7x. Average trailing P/E is 14x in the Commercial Services industry in South Korea. Total returns to shareholders of 39% over the past year. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: ₩217 (vs ₩127 in 3Q 2024) Third quarter 2025 results: EPS: ₩217 (up from ₩127 in 3Q 2024). Revenue: ₩11.5b (up 17% from 3Q 2024). Net income: ₩2.01b (up 71% from 3Q 2024). Profit margin: 18% (up from 12% in 3Q 2024). The increase in margin was driven by higher revenue. New Risk • Jun 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 12% 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 No financial data reported. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Mar 31
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩144.3b (US$98.0m) 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 Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩144.3b market cap, or US$98.0m). 공시 • Feb 21
Woojinntec Inc., Annual General Meeting, Mar 25, 2025 Woojinntec Inc., Annual General Meeting, Mar 25, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 24, dongtanyeok-ro, gyeonggi-do, hwaseong South Korea New Risk • Dec 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩140.6b (US$98.9m) 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 Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (₩140.6b market cap, or US$98.9m). 
