New Risk • Apr 30
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 Risks Less than 1 year of cash runway based on free cash flow trend (-₩12b free cash flow). Earnings have declined by 67% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (₩38.3b market cap, or US$25.7m). Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). Chairman & CEO Dong-Jin Kim was the last director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 공시 • Mar 07
iA, Inc., Annual General Meeting, Mar 26, 2026 iA, Inc., Annual General Meeting, Mar 26, 2026, at 09:30 Tokyo Standard Time. Location: conference room, 501, bundangsuseo-ro, bundang-gu, gyeonggi-do, seongnam South Korea 공시 • Jan 07
iA, Inc. (KOSDAQ:A038880) agreed to acquire remaining 62.5% stake in Dce Solution Co. Ltd. from MIP Innovation M&A Fund and Maple Investment Partners for KRW 20.8 billion. iA, Inc. (KOSDAQ:A038880) agreed to acquire remaining 62.5% stake in Dce Solution Co. Ltd. from MIP Innovation M&A Fund and Maple Investment Partners for KRW 20.8 billion on January 5, 2026. A cash consideration of KRW 4.15 billion will be paid by iA, Inc. iA, Inc. will pay an earnout/contingent payment of KRW 16.62 billion cash. As part of consideration, KRW 20.77 billion is paid towards common equity of Dce Solution Co. Ltd. Upon completion, iA, Inc. will own 100% stake in Dce Solution Co. Ltd. Funding is planned through existing funds, loaned funds, recovery of investment funds, investment attraction, and borrowing from affiliates.
As of September 30, 2025, Dce Solution Co. Ltd. reported total assets of KRW 32.81 billion and total common equity of KRW 11.33 billion.
The expected completion of the transaction is January 5, 2026. New Risk • Jul 30
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 Risks Less than 1 year of cash runway based on free cash flow trend (-₩12b free cash flow). Earnings have declined by 71% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (₩96.0b market cap, or US$69.5m). New Risk • May 23
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: -₩12b 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 (-₩12b free cash flow). Earnings have declined by 71% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (₩74.8b market cap, or US$54.5m). New Risk • Apr 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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 70% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (₩75.9b market cap, or US$52.0m). 공시 • Feb 25
iA, Inc., Annual General Meeting, Mar 28, 2025 iA, Inc., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: auditorium, 5-23, songpa-daero 22-gil, songpa-gu, seoul South Korea 공시 • Jan 22
DCE Co., Ltd. completed the acquisition of 7.85% stake in iA, Inc. (KOSDAQ:A038880) from Kim Dongjin. DCE Co., Ltd. agreed to acquire 7.85% stake in iA, Inc. (KOSDAQ:A038880) from Kim Dongjin for 19.9 billion on January 6, 2025. A cash consideration of KRW 20 billion valued at KRW 808 per share will be paid by DCE Co., Ltd. As part of consideration, KRW 20 billion is paid towards common equity of iA, Inc.
The expected completion of the transaction is January 17, 2025.
DCE Co., Ltd. completed the acquisition of 7.85% stake in iA, Inc. (KOSDAQ:A038880) from Kim Dongjin on January 20, 2025. New Risk • Jan 03
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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₩10b free cash flow). Earnings have declined by 69% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (7.2% increase in shares outstanding). Market cap is less than US$100m (₩77.4b market cap, or US$52.7m). 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 (7.2% increase in shares outstanding). Market cap is less than US$100m (₩52.7b market cap, or US$36.7m). New Risk • Aug 26
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: -₩2.7b 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 (-₩2.7b free cash flow). Earnings have declined by 64% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Market cap is less than US$100m (₩73.1b market cap, or US$55.2m). New Risk • Jun 27
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 7.5% 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 56% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (5.7% increase in shares outstanding). Market cap is less than US$100m (₩64.9b market cap, or US$46.9m). New Risk • Apr 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.9% 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 38% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Market cap is less than US$100m (₩128.7b market cap, or US$95.2m). Reported Earnings • Mar 26
Full year 2023 earnings released: ₩60.00 loss per share (vs ₩9.00 loss in FY 2022) Full year 2023 results: ₩60.00 loss per share (further deteriorated from ₩9.00 loss in FY 2022). Revenue: ₩59.2b (down 20% from FY 2022). Net loss: ₩17.1b (loss widened ₩14.5b from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 12% 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 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩122.8b market cap, or US$95.1m). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). Chairman & CEO Dong-Jin Kim was the last director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. No independent directors (3 non-independent directors). Chairman & CEO Dong-Jin Kim was the last director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improved over the past week After last week's 16% share price gain to ₩1,175, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 20x in the Semiconductor industry in South Korea. Total returns to shareholders of 103% over the past three years. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ₩15.00 (vs ₩9.00 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₩19.9b (up 36% from 1Q 2020). Net income: ₩4.28b (up 90% from 1Q 2020). Profit margin: 22% (up from 15% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 17
New 90-day high: ₩1,915 The company is up 242% from its price of ₩560 on 19 November 2020. The South Korean market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 33% over the same period. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 18% share price gain to ₩1,890, the stock is trading at a trailing P/E ratio of 70.6x, up from the previous P/E ratio of 59.9x. This compares to an average P/E of 21x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 135%. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 40% share price gain to ₩1,770, the stock is trading at a trailing P/E ratio of 66.1x, up from the previous P/E ratio of 47x. This compares to an average P/E of 21x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 92%. Is New 90 Day High Low • Jan 25
New 90-day high: ₩1,280 The company is up 153% from its price of ₩505 on 27 October 2020. The South Korean market is up 33% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 50% over the same period. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 21% share price gain to ₩1,110, the stock is trading at a trailing P/E ratio of 41.4x, up from the previous P/E ratio of 34.4x. This compares to an average P/E of 20x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 42%. Is New 90 Day High Low • Jan 05
New 90-day high: ₩1,110 The company is up 94% from its price of ₩573 on 07 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 38% over the same period. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₩900, the stock is trading at a trailing P/E ratio of 33.6x, down from the previous P/E ratio of 40.7x. This compares to an average P/E of 18x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 14%. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩868, the stock is trading at a trailing P/E ratio of 32.4x, down from the previous P/E ratio of 39.4x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 10%. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 21% share price gain to ₩1,090, the stock is trading at a trailing P/E ratio of 40.7x, up from the previous P/E ratio of 33.7x. This compares to an average P/E of 19x in the Semiconductor industry in South Korea. Total returns to shareholders over the past three years are 34%. Is New 90 Day High Low • Dec 03
New 90-day high: ₩735 The company is up 78% from its price of ₩412 on 04 September 2020. The South Korean market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 25% over the same period. Valuation Update With 7 Day Price Move • Dec 03
Market bids up stock over the past week After last week's 29% share price gain to ₩735, the stock is trading at a trailing P/E ratio of 27.3x, up from the previous P/E ratio of 21.1x. This compares to an average P/E of 21x in the Semiconductor industry in South Korea. Total return to shareholders over the past three years is a loss of 4.4%. 공시 • Nov 27
Sewon Co., Ltd. acquired 42.4% stake in TRinno Technology, Co., Ltd for KRW 12.7 billion. iA, Inc. (KOSDAQ:A038880) acquired 42.4% stake in TRinno Technology, Co., Ltd from Sewon Co., Ltd. for KRW 12.7 billion on November 26, 2020. The consideration was paid in cash. Sewon acquired 4,638,428 shares of TRinno Technology and the number of shares owned by Sewon after the transfer is 5,545,285 shares representing 50.66% stake in TRinno Technology. As on November 26, 2020, the Board of iA, Inc has resolved this transaction. Gaul Accounting Corp acted as accountant to iA, Inc. in this transaction.
iA, Inc. (KOSDAQ:A038880) completed the acquisition of 42.4% stake in TRinno Technology, Co., Ltd from Sewon Co., Ltd. on November 26, 2020. Valuation Update With 7 Day Price Move • Nov 04
Market pulls back on stock over the past week After last week's 20% share price decline to ₩525, the stock is trading at a trailing P/E ratio of 25x, down from the previous P/E ratio of 31.2x. This compares to an average P/E of 18x in the Semiconductor industry in South Korea. Total return to shareholders over the past three years is a loss of 33%. Valuation Update With 7 Day Price Move • Oct 28
Market bids up stock over the past week After last week's 27% share price gain to ₩656, the stock is trading at a trailing P/E ratio of 31.2x, up from the previous P/E ratio of 24.6x. This compares to an average P/E of 18x in the Semiconductor industry in South Korea. Total return to shareholders over the past three years is a loss of 9.4%. Is New 90 Day High Low • Oct 28
New 90-day high: ₩656 The company is up 46% from its price of ₩448 on 30 July 2020. The South Korean market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is down 4.0% over the same period. 공시 • Sep 18
Quad Pioneer Union 1 agreed to acquire 27.75% stake in Sewon Co.,Ltd. (KOSDAQ:A234100) from Axent Co., Ltd. and iA, Inc. (KOSDAQ:A038880) for KRW 28 billion. Quad Pioneer Union 1 agreed to acquire 27.75% stake in Sewon Co.,Ltd. (KOSDAQ:A234100) from Axent Co., Ltd. and iA, Inc. (KOSDAQ:A038880) for KRW 28 billion on July 3, 2020. Under the terms of transaction Quad Pioneer Union 1 is acquiring 6.5 million shares for KRW 4326 per share. Quad Pioneer Union 1 made a down payment of KRW 2.80 billion on agreement date and the balance of KRW 25.2 billion will be paid on August 12, 2020. As of August 11, 2020, balance consideration of KRW 25.26 billion will be paid on August 18, 2020. Axent Co., Ltd is selling 4.22 million shares, representing 18.08% stake and IA Co., Ltd. is selling 2.26 million shares, representing 9.67% stake. As per the update on September 3, 2020, the date of payment of balance and transfer of stock has been changed to September 17, 2020. Transaction is expected to close on August 12, 2020. As reported on July 30, 2020, the transaction is expected to close on August 18, 2020. As reported on August 18, 2020, the transaction is now expected to close on September 3, 2020. As of September 3, 2020, the transaction is expected to close on September 17, 2020. 