New Risk • Jun 29
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 Earnings have declined by 50% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Apr 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 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 Risk Earnings have declined by 35% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Apr 16
Wemade Max Co., Ltd. to Report Q1, 2026 Results on May 12, 2026 Wemade Max Co., Ltd. announced that they will report Q1, 2026 results on May 12, 2026 Reported Earnings • Mar 21
Full year 2025 earnings released: ₩428 loss per share (vs ₩271 loss in FY 2024) Full year 2025 results: ₩428 loss per share (further deteriorated from ₩271 loss in FY 2024). Revenue: ₩148.8b (up 99% from FY 2024). Net loss: ₩35.5b (loss widened 275% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Mar 10
Wemade Max Co., Ltd., Annual General Meeting, Mar 24, 2026 Wemade Max Co., Ltd., Annual General Meeting, Mar 24, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 49, daewangpangyo-ro 644beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea Announcement • Jan 12
Wemade Max Co., Ltd. to Report Q4, 2025 Results on Feb 09, 2026 Wemade Max Co., Ltd. announced that they will report Q4, 2025 results on Feb 09, 2026 Reported Earnings • Nov 16
Third quarter 2025 earnings released: ₩100.00 loss per share (vs ₩119 loss in 3Q 2024) Third quarter 2025 results: ₩100.00 loss per share. Revenue: ₩38.2b (up 101% from 3Q 2024). Net loss: ₩8.36b (loss widened 113% from 3Q 2024). Announcement • Oct 18
Wemade Max Co., Ltd. to Report Q3, 2025 Results on Nov 11, 2025 Wemade Max Co., Ltd. announced that they will report Q3, 2025 results on Nov 11, 2025 New Risk • Aug 25
New major risk - Revenue and earnings growth Earnings have declined by 1.3% 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 Risks Earnings have declined by 1.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (152% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Announcement • Jul 17
Wemade Max Co., Ltd. to Report Q2, 2025 Results on Aug 08, 2025 Wemade Max Co., Ltd. announced that they will report Q2, 2025 results on Aug 08, 2025 Announcement • Jul 10
Wemade Max Announces Global Grand Launch of Sub Culture RPG Lost Sword Wemade Max has announced the global grand launch of its subculture mobile RPG, ' Lost Sword,' scheduled for July 10. The game is published by Wemade Max's subsidiary Wemade Connect (CEO Lee Ho-dae) and developed by Codecat (CEO Kim Je-hun). Originally launched in Korea this January, ' Lost Sword' is a subculture mobile RPG that has garnered widespread claim for its high-quality gameplay, engaging characters, and dynamic visuals. Building on its domestic success, Wemade Max confirmed the grand launch of the global version in May, targeting key regions including North America and Europe. A pre-registration campaign, held alongside the global release announcement, attracted over 1 million participants. As a token of appreciation, all pre-registrants will receive major in-game rewards on July 10. The rewards include diamonds and gold, the 5-star heal character 'Guinevere,' and the 5-star pet ' Elizabeth,' unlocked as a bonus for surpassing the 1 million milestone. Wemade Connect has also introduced a new 5-star character, 'NEO Bedivere,' and released an animated promotional video showcasing the character's backstory. The video follows 'Bedivere,' the guardian of 'Elizabeth,' who transforms into 'NEO Bedivere' during her journey to overcome the threats facing the main cast. New Risk • Jun 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 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 Shareholders have been substantially diluted in the past year (152% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Announcement • May 30
Wemade Max Co., Ltd. announced that it has received KRW 8.87713177 billion in funding On May 29, 2025, Wemade Max Co., Ltd. closed the transaction Announcement • May 21
Wemade Max Opens Global Pre-Registration for Sub Culture RPG 'Lost Sword' Wemade Max announced the opening of global pre-registration for its subculture mobile RPG, ' lost Sword.' Developed by Codecat (CEO Kim Je-hun) and published by Wemade Max's subsidiary, Wemade Connect (CEO Lee Ho-dae), ' lost Sword' quickly achieved significant success following its Korean debut in January. The game topped mobile subculture RPG charts in both downloads and revenue within just 50 days of its launch. It has garnered positive reviews for its high production quality, attributed to the effective integration of idle RPG mechanics, diverse content, and engaging characters. To prepare for the global launch across North America and Europe, Wemade Connect is holding a pre-registration event on Google Play and the Apple App Store, which will run until July 9. The game's official release is slated for July, and the exact date will be announced subsequently via its brand site and social media. Moreover, Wemade Connect will partner with leading local publishers to launch the game in Taiwan, Hong Kong, and Macau in the latter half of the year. Pre-registering players will unlock escalating in-game rewards--including diamonds, gold, and the 5-star heal character 'Guinevere' as participant milestones hit 100,000, 200,000, 350,000, and 500,000. Announcement • May 15
Wemade Max Co., Ltd. announced that it expects to receive KRW 8.87713177 billion in funding Wemade Max Co., Ltd. announced a private placement to issue 867,670 shares at an issue price of KRW 10,231 per share for gross proceeds of KRW 8,877,131,770 on May 14, 2025. The transaction will include participation from Shin Moo Cheol and 36 others for 867,670 shares. The transaction has been approved by shareholders, restricted to a hold period and is expected to close on May 29, 2025. Announcement • Apr 18
Wemade Max Co., Ltd. to Report Q1, 2025 Results on May 14, 2025 Wemade Max Co., Ltd. announced that they will report Q1, 2025 results on May 14, 2025 Reported Earnings • Mar 19
Full year 2024 earnings released: ₩271 loss per share (vs ₩194 profit in FY 2023) Full year 2024 results: ₩271 loss per share (down from ₩194 profit in FY 2023). Revenue: ₩75.0b (up 7.5% from FY 2023). Net loss: ₩9.49b (down 248% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Announcement • Mar 07
Wemade Max Co., Ltd., Annual General Meeting, Mar 21, 2025 Wemade Max Co., Ltd., Annual General Meeting, Mar 21, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 49, daewangpangyo-ro 644beon-gil, bundang-gu, gyeonggi-do, seongnam South Korea New Risk • Dec 08
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2013. 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. This is currently the only risk that has been identified for the company. Announcement • Nov 06
Wemade Max Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024 Wemade Max Co., Ltd. announced that they will report Q3, 2024 results on Nov 06, 2024 Announcement • Sep 12
Madngine Inc. agreed to acquire Wemade Max Co., Ltd. (KOSDAQ:A101730) for approximately KRW 530 million in a reverse merger transaction. Madngine Inc. agreed to acquire Wemade Max Co., Ltd. (KOSDAQ:A101730) for approximately KRW 530 million in a reverse merger transaction on September 10, 2024. Wemade Max is issuing 49,640,324 shares as consideration for 190,298 shares of Madngine at KRW 9,919 per share. The expected completion of the transaction is December 17, 2024. If the Board of Directors or the General Meeting of Shareholders of Wemade Max Co., Ltd. and MadEngine Co., Ltd. rejects the proposal to approve the comprehensive exchange of shares, the Stock Exchange Agreement shall cease to be effective. New Risk • Sep 10
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: Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Aug 17
Second quarter 2024 earnings released: ₩26.00 loss per share (vs ₩40.00 profit in 2Q 2023) Second quarter 2024 results: ₩26.00 loss per share (down from ₩40.00 profit in 2Q 2023). Revenue: ₩18.7b (up 20% from 2Q 2023). Net loss: ₩871.7m (down 166% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩12,290, the stock trades at a trailing P/E ratio of 67.7x. Average trailing P/E is 31x in the Entertainment industry in South Korea. Total returns to shareholders of 327% over the past three years. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩13,070, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 37x in the Entertainment industry in South Korea. Total returns to shareholders of 284% over the past three years. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩13,400, the stock trades at a trailing P/E ratio of 40.7x. Average trailing P/E is 33x in the Entertainment industry in South Korea. Total returns to shareholders of 308% over the past three years. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩10,290, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 29x in the Entertainment industry in South Korea. Total returns to shareholders of 175% over the past three years. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to ₩10,930, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 30x in the Entertainment industry in South Korea. Total returns to shareholders of 166% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₩8,520, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 32x in the Entertainment industry in South Korea. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩12,070, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 37x in the Entertainment industry in South Korea. Total returns to shareholders of 100% over the past three years. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 52% After last week's 52% share price gain to ₩20,550, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 23x in the Entertainment industry in South Korea. Total returns to shareholders of 683% over the past three years. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩14,170, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 16x in the Entertainment industry in South Korea. Total returns to shareholders of 462% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 28% share price gain to ₩12,150, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 17x in the Entertainment industry in South Korea. Total returns to shareholders of 263% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment deteriorated over the past week After last week's 31% share price decline to ₩12,250, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 21x in the Entertainment industry in South Korea. Total returns to shareholders of 273% over the past three years. 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. 3 experienced directors. No highly experienced directors. No independent directors (3 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. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 34% share price gain to ₩19,500, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 16x in the Entertainment industry in South Korea. Total returns to shareholders of 417% over the past three years. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩12,000, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 15x in the Entertainment industry in South Korea. Total returns to shareholders of 142% over the past three years. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩16,250, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 18x in the Entertainment industry in South Korea. Total returns to shareholders of 192% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩19,700, the stock trades at a trailing P/E ratio of 75.5x. Average trailing P/E is 17x in the Entertainment industry in South Korea. Total returns to shareholders of 256% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₩17,850, the stock trades at a trailing P/E ratio of 68.4x. Average trailing P/E is 17x in the Entertainment industry in South Korea. Total returns to shareholders of 176% over the past three years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ₩17,900, the stock trades at a trailing P/E ratio of 68.6x. Average trailing P/E is 17x in the Entertainment industry in South Korea. Total returns to shareholders of 242% over the past three years. 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. 3 experienced directors. No highly experienced directors. No independent directors (3 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. Announcement • Jan 20
JOYMAX Co.,Ltd. to Report Fiscal Year 2020 Results on Feb 10, 2021 JOYMAX Co.,Ltd. announced that they will report fiscal year 2020 results on Feb 10, 2021 Is New 90 Day High Low • Jan 07
New 90-day low: ₩2,700 The company is down 50% from its price of ₩5,350 on 08 October 2020. The South Korean market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 8.0% over the same period. Announcement • Dec 23
JOYMAX Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 17.314702 billion. JOYMAX Co.,Ltd. has completed a Follow-on Equity Offering in the amount of KRW 17.314702 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 7,290,401
Price\Range: KRW 2375
Discount Per Security: KRW 28.5
Transaction Features: Rights Offering Is New 90 Day High Low • Dec 07
New 90-day low: ₩3,400 The company is down 40% from its price of ₩5,670 on 08 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 6.0% over the same period. Reported Earnings • Nov 06
Third quarter 2020 earnings released: ₩259 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: ₩9.57b (up 26% from 3Q 2019). Net loss: ₩2.13b (loss narrowed 17% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 12
New 90-day low: ₩4,350 The company is down 29% from its price of ₩6,100 on 14 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 3.0% over the same period. Announcement • Jul 26
JOYMAX Co.,Ltd. to Report Q2, 2020 Results on Aug 12, 2020 JOYMAX Co.,Ltd. announced that they will report Q2, 2020 results on Aug 12, 2020