New Risk • Apr 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 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 Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). High level of non-cash earnings (70% 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 (₩21.4b market cap, or US$14.5m). Announcement • Mar 13
IREM Co.,Ltd., Annual General Meeting, Mar 26, 2026 IREM Co.,Ltd., Annual General Meeting, Mar 26, 2026, at 10:00 Tokyo Standard Time. Location: conference room, 29, buannonggongdanji-gil, haengan-myeon, buan-gun, jeonbuk-do, South Korea Announcement • Feb 12
IREM Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.999699 million. IREM Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 999.999699 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,703,577
Price\Range: KRW 587
Transaction Features: Subsequent Direct Listing Announcement • Feb 04
IREM Co.,Ltd. has filed a Follow-on Equity Offering in the amount of KRW 999.999909 million. IREM Co.,Ltd. has filed a Follow-on Equity Offering in the amount of KRW 999.999909 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,883,239
Price\Range: KRW 531
Transaction Features: Subsequent Direct Listing New Risk • Jul 23
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 Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). High level of non-cash earnings (70% accrual ratio). Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩67.2b market cap, or US$48.8m). Announcement • Jun 27
IREM Co.,Ltd. announced that it has received KRW 4.999999059 billion in funding On June 25, 2025, IREM Co.,Ltd. closed the transaction. Announcement • Apr 22
IREM Co.,Ltd. announced that it expects to receive KRW 4.999999059 billion in funding IREM Co.,Ltd announced a private placement to issue 5,096,839 common shares at an issue price of KRW 981 per share for gross proceeds of KRW 4,999,999,059 on April 21, 2025. The transaction will include participation from new investor S&T No. 1 Fund. The transaction has been approved by shareholders, restricted to a hold period, expected to close on May 26, 2025. Announcement • Mar 14
IREM Co.,Ltd., Annual General Meeting, Mar 28, 2025 IREM Co.,Ltd., Annual General Meeting, Mar 28, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 20, gwacheon-daero 7-gil, gyeonggi-do, gwacheon South Korea New Risk • Aug 31
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Share price has been highly volatile over the past 3 months (18% average weekly change). High level of non-cash earnings (70% accrual ratio). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩64.5b market cap, or US$48.3m). New Risk • Aug 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major 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 Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Share price has been highly volatile over the past 3 months (18% average weekly change). High level of non-cash earnings (70% accrual ratio). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩68.3b market cap, or US$51.5m). Announcement • Aug 15
IREM Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 11.32736 billion. IREM Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 11.32736 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 9,445,306
Price\Range: KRW 1175
Discount Per Security: KRW 17.625
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 195,000
Price\Range: KRW 1175
Discount Per Security: KRW 17.625
Transaction Features: Rights Offering Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩2,175, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total loss to shareholders of 55% over the past year. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩2,530, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total loss to shareholders of 43% over the past year. New Risk • Mar 20
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2022 fiscal period end). Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (70% accrual ratio). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (₩105.0b market cap, or US$78.5m). Announcement • Feb 02
KOSSEN Co., Ltd. (KOSDAQ:A009730) completed the acquisition of Super Deck Business Division of Kosteel Co.,Ltd. from Kosteel Co.,Ltd. KOSSEN Co., Ltd. (KOSDAQ:A009730) agreed to acquire Super Deck Business Division of Kosteel Co.,Ltd. from Kosteel Co.,Ltd. for KRW 45 billion on December 4, 2023. The consideration was paid in cash. Transaction is borrowing from financial institutions and cash holdings. Super Deck Business Division of Kosteel Co.,Ltd. reported Total revenue of KRW 72 billion and Total assets of KRW 46.5 billion on December 31, 2022. Transaction is expected to complete on January 31, 2024. KOSSEN Co., Ltd. (KOSDAQ:A009730) completed the acquisition of Super Deck Business Division of Kosteel Co.,Ltd. from Kosteel Co.,Ltd. on January 31, 2024. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to ₩5,150, the stock trades at a trailing P/E ratio of 54x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 242% over the past year. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₩3,645, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total returns to shareholders of 150% over the past year. New Risk • Nov 02
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 High level of non-cash earnings (70% accrual ratio). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩85.7b market cap, or US$64.2m). Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₩4,100, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. New Risk • Oct 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩128.1b (US$95.1m) 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. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (70% accrual ratio). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (₩128.1b market cap, or US$95.1m). New Risk • Oct 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (70% accrual ratio). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩5,320, the stock trades at a trailing P/E ratio of 55x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩5,420, the stock trades at a trailing P/E ratio of 54.6x. Average trailing P/E is 8x in the Metals and Mining industry in South Korea. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩3,960, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 9x in the Metals and Mining industry in South Korea. Total loss to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 38% After last week's 38% share price gain to ₩2,905, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 7x in the Metals and Mining industry in South Korea. Total loss to shareholders of 37% over the past three years. Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: ₩154 (vs ₩271 loss in FY 2021) Full year 2022 results: EPS: ₩154 (up from ₩271 loss in FY 2021). Revenue: ₩66.6b (up 46% from FY 2021). Net income: ₩2.92b (up ₩5.43b from FY 2021). Profit margin: 4.4% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. 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. 4 experienced directors. No highly experienced directors. No independent directors (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: Lack of independent directors. Insufficient board refreshment.