New Risk • May 21
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: -₩8.9b 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 (-₩8.9b free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Market cap is less than US$10m (₩14.0b market cap, or US$9.27m). Announcement • Mar 04
KOYJ Co., Ltd., Annual General Meeting, Mar 31, 2026 KOYJ Co., Ltd., Annual General Meeting, Mar 31, 2026, at 09:00 Tokyo Standard Time. Location: conference room, 146, cheomdansaneop-ro, daesowon-myeon, chungcheongbuk-do, chungju South Korea New Risk • Feb 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 66% 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 Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩17.7b market cap, or US$12.1m). New Risk • Feb 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of South Korean stocks, typically moving 13% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Market cap is less than US$10m (₩13.1b market cap, or US$9.01m). Announcement • Jan 28
KOYJ Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 5.717342 billion. KOYJ Co., Ltd. has completed a Follow-on Equity Offering in the amount of KRW 5.717342 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,995,582
Price\Range: KRW 2865
Transaction Features: Rights Offering New Risk • Dec 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₩13.8b (US$9.35m) 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₩8.3b free cash flow). Market cap is less than US$10m (₩13.8b market cap, or US$9.35m). Reported Earnings • Nov 07
Third quarter 2025 earnings released: ₩65.00 loss per share (vs ₩34.00 loss in 3Q 2024) Third quarter 2025 results: ₩65.00 loss per share (further deteriorated from ₩34.00 loss in 3Q 2024). Revenue: ₩1.66b (down 59% from 3Q 2024). Net loss: ₩1.97b (loss widened 89% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. New Risk • Nov 06
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: -₩6.3b 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 Risk Less than 1 year of cash runway based on free cash flow trend (-₩6.3b free cash flow). Minor Risk Market cap is less than US$100m (₩17.8b market cap, or US$12.3m). New Risk • Sep 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 7.6% 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: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₩19.7b market cap, or US$14.3m). Announcement • Sep 17
KOYJ Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 15.24 billion. KOYJ Co., Ltd. has filed a Follow-on Equity Offering in the amount of KRW 15.24 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,000,000
Price\Range: KRW 5080
Transaction Features: Rights Offering Reported Earnings • Mar 20
Full year 2024 earnings released: ₩87.00 loss per share (vs ₩146 loss in FY 2023) Full year 2024 results: ₩87.00 loss per share (improved from ₩146 loss in FY 2023). Revenue: ₩20.7b (up 27% from FY 2023). Net loss: ₩2.65b (loss narrowed 40% from FY 2023). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Feb 25
KOYJ Co., Ltd., Annual General Meeting, Mar 25, 2025 KOYJ Co., Ltd., Annual General Meeting, Mar 25, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 146, cheomdansaneop-ro, daesowon-myeon, chungcheongbuk-do, chungju South Korea New Risk • Dec 07
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩34.9b market cap, or US$24.6m). New Risk • Dec 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 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 Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩31.7b market cap, or US$22.4m). New Risk • Jun 07
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 7.6% 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 Earnings have declined by 14% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (₩38.0b market cap, or US$27.8m). Reported Earnings • Mar 21
Full year 2023 earnings released: ₩146 loss per share (vs ₩493 loss in FY 2022) Full year 2023 results: ₩146 loss per share (improved from ₩493 loss in FY 2022). Revenue: ₩16.4b (up 69% from FY 2022). Net loss: ₩4.44b (loss narrowed 51% from FY 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 26
Full year 2022 earnings released: ₩493 loss per share (vs ₩871 loss in FY 2021) Full year 2022 results: ₩493 loss per share (improved from ₩871 loss in FY 2021). Revenue: ₩9.70b (down 40% from FY 2021). Net loss: ₩8.98b (loss narrowed 33% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 47% per year, which means it is well ahead of earnings. Reported Earnings • May 08
First quarter 2022 earnings released: ₩103 loss per share (vs ₩153 loss in 1Q 2021) First quarter 2022 results: ₩103 loss per share (up from ₩153 loss in 1Q 2021). Revenue: ₩3.18b (down 37% from 1Q 2021). Net loss: ₩1.69b (loss narrowed 27% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: ₩871 loss per share (down from ₩176 loss in FY 2020). Revenue: ₩16.2b (down 56% from FY 2020). Net loss: ₩13.4b (loss widened 401% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 15
New 90-day high: ₩4,040 The company is up 184% from its price of ₩1,425 on 17 November 2020. The South Korean market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 31% over the same period. Is New 90 Day High Low • Jan 28
New 90-day high: ₩2,560 The company is up 100% from its price of ₩1,280 on 30 October 2020. The South Korean market is up 32% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 34% over the same period. Is New 90 Day High Low • Jan 06
New 90-day high: ₩1,850 The company is up 42% from its price of ₩1,300 on 08 October 2020. The South Korean market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 25% over the same period. Is New 90 Day High Low • Nov 04
New 90-day high: ₩1,370 The company is up 16% from its price of ₩1,180 on 06 August 2020. The South Korean market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 8.0% over the same period. Is New 90 Day High Low • Oct 13
New 90-day high: ₩1,360 The company is up 19% from its price of ₩1,145 on 15 July 2020. The South Korean market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 30% over the same period.