New Risk • Jun 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 25% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.6% net profit margin). Aankondiging • May 30
JTC Inc., Annual General Meeting, May 28, 2026 JTC Inc., Annual General Meeting, May 28, 2026, at 10:00 Tokyo Standard Time. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩4,970, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Specialty Retail industry in South Korea. Total returns to shareholders of 12% over the past three years. Reported Earnings • Feb 01
Third quarter 2026 earnings released: EPS: ₩105 (vs ₩126 in 3Q 2025) Third quarter 2026 results: EPS: ₩105 (down from ₩126 in 3Q 2025). Revenue: ₩87.4b (up 19% from 3Q 2025). Net income: ₩5.48b (down 18% from 3Q 2025). Profit margin: 6.3% (down from 9.1% in 3Q 2025). Revenue is forecast to grow 35% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Specialty Retail industry in South Korea. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩4,470, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 10x in the Specialty Retail industry in South Korea. Total returns to shareholders of 21% over the past three years. New Risk • Nov 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 9.6% 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 (43% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.6% average weekly change). Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to ₩3,705, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 6x in the Specialty Retail industry in South Korea. Total returns to shareholders of 19% over the past three years. Reported Earnings • Nov 02
Second quarter 2026 earnings released: EPS: ₩19.00 (vs ₩145 in 2Q 2025) Second quarter 2026 results: EPS: ₩19.00 (down from ₩145 in 2Q 2025). Revenue: ₩75.7b (down 4.1% from 2Q 2025). Net income: ₩856.8m (down 88% from 2Q 2025). Profit margin: 1.1% (down from 9.2% in 2Q 2025). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Specialty Retail industry in South Korea. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 21
Price target increased by 8.6% to ₩9,500 Up from ₩8,750, the current price target is provided by 1 analyst. New target price is 46% above last closing price of ₩6,490. Stock is up 64% over the past year. The company is forecast to post earnings per share of ₩1,204 for next year compared to ₩1,497 last year. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: ₩157 (vs ₩228 in 1Q 2025) First quarter 2026 results: EPS: ₩157 (down from ₩228 in 1Q 2025). Revenue: ₩98.6b (up 21% from 1Q 2025). Net income: ₩8.21b (down 28% from 1Q 2025). Profit margin: 8.3% (down from 14% in 1Q 2025). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Specialty Retail industry in South Korea. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. New Risk • Jul 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.7% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Earnings are forecast to decline by an average of 6.7% per year for the foreseeable future. High level of non-cash earnings (37% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Jun 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 9.2% 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 (37% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change). Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,710, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Specialty Retail industry in South Korea. Total returns to shareholders of 97% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩4,795, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Specialty Retail industry in South Korea. Total returns to shareholders of 46% over the past three years. New Risk • Jun 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 37% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩5,880, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Specialty Retail industry in South Korea. Total returns to shareholders of 59% over the past three years. Aankondiging • Apr 30
JTC Inc., Annual General Meeting, May 29, 2025 JTC Inc., Annual General Meeting, May 29, 2025, at 10:00 Tokyo Standard Time. Location: ir room, 76, yeouinaru-ro, yeongdeungpo-gu, seoul South Korea Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₩5,160, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 9x in the Specialty Retail industry in South Korea. Total returns to shareholders of 85% over the past three years. Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: ₩142 (vs ₩218 in 2Q 2024) Second quarter 2025 results: EPS: ₩142 (down from ₩218 in 2Q 2024). Revenue: ₩77.4b (up 170% from 2Q 2024). Net income: ₩7.10b (down 35% from 2Q 2024). Profit margin: 9.2% (down from 38% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 47% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Specialty Retail industry in South Korea. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: ₩230 (vs ₩2.49 loss in 1Q 2024) First quarter 2025 results: EPS: ₩230 (up from ₩2.49 loss in 1Q 2024). Revenue: ₩82.0b (up 207% from 1Q 2024). Net income: ₩11.5b (up ₩11.6b from 1Q 2024). Profit margin: 14% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Specialty Retail industry in South Korea. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Jun 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Head of Sales Division & Director Kazuhiro Nomura was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩6,050, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 16x in the Specialty Retail industry in South Korea. Negligible returns to shareholders over past three years. New Risk • Jun 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% 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. This is currently the only risk that has been identified for the company. Aankondiging • May 16
JTC Inc., Annual General Meeting, May 29, 2024 JTC Inc., Annual General Meeting, May 29, 2024, at 10:00 Tokyo Standard Time. Location: ir room, 76, yeouinaru-ro, yeongdeungpo-gu, seoul South Korea Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: ₩28.00 (vs ₩88.00 loss in 3Q 2023) Third quarter 2024 results: EPS: ₩28.00 (up from ₩88.00 loss in 3Q 2023). Revenue: ₩42.3b (up 387% from 3Q 2023). Net income: ₩1.51b (up ₩4.48b from 3Q 2023). Profit margin: 3.6% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: ₩218 (vs ₩284 loss in 2Q 2023) Second quarter 2024 results: EPS: ₩218 (up from ₩284 loss in 2Q 2023). Revenue: ₩28.7b (up ₩25.2b from 2Q 2023). Net income: ₩10.9b (up ₩20.8b from 2Q 2023). Profit margin: 38% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 04
First quarter 2024 earnings released First quarter 2024 results: Revenue: ₩26.7b (up ₩24.1b from 1Q 2023). Net loss: ₩121.3m (loss narrowed 90% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Feb 18
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Shinjo Obata was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 28
Third quarter 2023 earnings released: ₩88.00 loss per share (vs ₩177 loss in 3Q 2022) Third quarter 2023 results: ₩88.00 loss per share (improved from ₩177 loss in 3Q 2022). Revenue: ₩8.69b (up 175% from 3Q 2022). Net loss: ₩2.97b (loss narrowed 53% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 04
First quarter 2023 earnings released: ₩30.00 loss per share (vs ₩227 loss in 1Q 2022) First quarter 2023 results: ₩30.00 loss per share (up from ₩227 loss in 1Q 2022). Net loss: ₩1.16b (loss narrowed 86% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 02
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: ₩2,629 loss per share (up from ₩3,000 loss in FY 2021). Revenue: ₩14.0b (down 23% from FY 2021). Net loss: ₩92.0b (loss narrowed 13% from FY 2021). Revenue missed analyst estimates by 16%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 04
Second quarter 2022 earnings released: ₩704 loss per share (vs ₩542 loss in 2Q 2021) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: ₩3.45b (down 4.4% from 2Q 2021). Net loss: ₩24.7b (loss widened 30% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 02
JTC Inc. announced that it has received KRW 14 billion in funding On June 30, 2021, JTC Inc. (KOSDAQ:A950170) closed the transaction. Aankondiging • Jun 17
JTC Inc. announced that it expects to receive KRW 14 billion in funding JTC Inc. (KOSDAQ:A950170) announced announced a private placement of Series 1 Non-guaranteed Private Equity Convertible Bonds with Bearer Type Interest Part for the gross proceeds of KRW 14,000,000,000 on June 15, 2021. The bonds will mature on June 29, 2026. The bonds are zero coupon bonds and will have 1% maturity rate. The bonds are 100% convertible in to 2,121,855 shares at a conversion price of KRW 6,598 per share. The conversion period will start from June 30, 2022 and ends on May 29, 2026. The transaction has been approved by board of the company. The transaction is expected to close on June 30, 2021 and subscription date is June 17, 2021. The securities issued in the transaction are subject to one year hold period. Is New 90 Day High Low • Mar 16
New 90-day high: ₩5,850 The company is up 5.0% from a price of ₩5,590 on 16 December 2020. Underperformed the South Korean market, which is up 9.0% over the last 90 days. Lagged the Multiline Retail industry, which is up 20% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: ₩424 loss per share (vs ₩54.00 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₩5.29b (down 96% from 3Q 2020). Net loss: ₩15.0b (down ₩16.9b from profit in 3Q 2020). Is New 90 Day High Low • Nov 10
New 90-day high: ₩4,450 The company is up 6.0% from its price of ₩4,210 on 12 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Multiline Retail industry, which is up 7.0% over the same period. Reported Earnings • Nov 04
Second quarter 2021 earnings released: ₩542 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: ₩3.61b (down 98% from 2Q 2020). Net loss: ₩19.0b (down 328% from profit in 2Q 2020). Is New 90 Day High Low • Oct 12
New 90-day high: ₩4,445 The company is up 6.0% from its price of ₩4,210 on 14 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Multiline Retail industry, which is up 2.0% over the same period. Aankondiging • Sep 21
JTC Inc.(KOSDAQ:A950170) dropped from S&P Global BMI Index JTC Inc.(KOSDAQ:A950170) dropped from S&P Global BMI Index