Reported Earnings • Mar 25
Full year 2025 earnings released: ₩470 loss per share (vs ₩1,624 loss in FY 2024) Full year 2025 results: ₩470 loss per share (improved from ₩1,624 loss in FY 2024). Revenue: ₩14.6b (down 47% from FY 2024). Net loss: ₩4.70b (loss narrowed 69% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Announcement • Mar 13
Artist Studio Inc., Annual General Meeting, Mar 27, 2026 Artist Studio Inc., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 43, seolleung-ro 148-gil, gangnam-gu, seoul South Korea New Risk • Jun 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 9.5% 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 70% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.5% average weekly change). Market cap is less than US$100m (₩117.9b market cap, or US$87.1m). Buy Or Sell Opportunity • Jun 24
Now 23% undervalued Over the last 90 days, the stock has risen 18% to ₩16,170. The fair value is estimated to be ₩21,083, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Mar 27
Full year 2024 earnings released: ₩1,624 loss per share (vs ₩1,151 loss in FY 2023) Full year 2024 results: ₩1,624 loss per share (further deteriorated from ₩1,151 loss in FY 2023). Revenue: ₩27.3b (down 35% from FY 2023). Net loss: ₩15.0b (loss widened 101% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Mar 15
Artist Studio Inc., Annual General Meeting, Mar 31, 2025 Artist Studio Inc., Annual General Meeting, Mar 31, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 19, hakdong-ro 25-gil, gangnam-gu, seoul South Korea New Risk • Dec 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩119.2b (US$83.2m) 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 Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 76% per year over the past 5 years. Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩119.2b market cap, or US$83.2m). New Risk • Jul 24
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 11% 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 (11% average weekly change). Earnings have declined by 98% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩117.1b market cap, or US$84.6m). New Risk • Apr 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 (14% average weekly change). Revenue has declined by 5.8% over the past year. Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₩124.3b market cap, or US$90.9m). Reported Earnings • Mar 22
Full year 2023 earnings released: ₩1,151 loss per share (vs ₩1,017 loss in FY 2022) Full year 2023 results: ₩1,151 loss per share (further deteriorated from ₩1,017 loss in FY 2022). Revenue: ₩41.9b (down 5.8% from FY 2022). Net loss: ₩7.43b (loss widened 17% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Announcement • Mar 21
RaemongRaein Co., Ltd. announced that it has received KRW 28.9999692 billion in funding from WIDER PLANET Inc. On March 20, 2024, RaemongRaein Co., Ltd. closed the transaction. Announcement • Mar 12
RaemongRaein Co., Ltd. announced that it expects to receive KRW 17.99999184 billion in funding from WIDER PLANET Inc. RaemongRaein Co., Ltd. announced a private placement to issue 1,812,688 shares at an issue price of KRW 9,930 for the gross proceeds of KRW 17,999,991,840 on March 12, 2024. The transaction will include participation from new investors WIDER PLANET Inc. 1,812,688 shares, Jeongjae Lee 503,524 shares, In-gyu Park 503,524 shares, K Culture No. 1 Association 100,704 shares. The transaction has been approved by the shareholders of company and is expected to close on March 20, 2024. The transaction securities are restricted to a hold period. New Risk • Feb 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.9% 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 Revenue has declined by 14% over the past year. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Market cap is less than US$100m (₩66.3b market cap, or US$49.8m). New Risk • Dec 11
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 Revenue has declined by 14% over the past year. Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (₩97.3b market cap, or US$73.8m). Reported Earnings • Nov 19
Third quarter 2023 earnings released: ₩432 loss per share (vs ₩164 loss in 3Q 2022) Third quarter 2023 results: ₩432 loss per share (further deteriorated from ₩164 loss in 3Q 2022). Revenue: ₩5.42b (down 17% from 3Q 2022). Net loss: ₩2.80b (loss widened 172% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. New Risk • Jun 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩128.4b (US$98.1m) 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 Risk Revenue has declined by 21% over the past year. Minor Risks Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Market cap is less than US$100m (₩128.4b market cap, or US$98.1m). Reported Earnings • Mar 22
Full year 2022 earnings released: ₩1,017 loss per share (vs ₩465 profit in FY 2021) Full year 2022 results: ₩1,017 loss per share (down from ₩465 profit in FY 2021). Revenue: ₩44.4b (up 8.3% from FY 2021). Net loss: ₩6.37b (down 373% from profit in FY 2021). Announcement • Jan 05
RaemongRaein Co., Ltd. announced that it has received KRW 8.9999231 billion in funding from JB Woori Capital Co., Ltd, CS Advisors Co., Ltd., Korea Investment & Securities Co., Ltd., Shinhan Bank, NH Investment & Securities Co., Ltd. On January 4, 2023, RaemongRaein Co., Ltd. closed the transaction. Reported Earnings • Nov 16
Third quarter 2022 earnings released Third quarter 2022 results: ₩164 loss per share. Net loss: ₩1.03b (flat on 3Q 2021). Reported Earnings • Aug 16
Second quarter 2022 earnings released Second quarter 2022 results: EPS: ₩81.00. Net income: ₩508.6m (up ₩508.6m from 2Q 2021). Buying Opportunity • Jun 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be ₩21,376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last year. Earnings per share has declined by 69%. Announcement • Feb 22
RaemongRaein Co., Ltd., Annual General Meeting, Mar 31, 2021 RaemongRaein Co., Ltd., Annual General Meeting, Mar 31, 2021, at 10:00 Korea Standard Time. Is New 90 Day High Low • Feb 18
New 90-day high: ₩27,000 The company is up 93% from its price of ₩14,000 on 20 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 Entertainment industry, which is up 22% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: ₩23,900 The company is up 65% from its price of ₩14,500 on 23 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: ₩17,400 The company is up 31% from its price of ₩13,250 on 25 September 2020. The South Korean market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 08
New 90-day high: ₩16,000 The company is up 34% from its price of ₩11,950 on 09 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 7.0% over the same period. Is New 90 Day High Low • Oct 12
New 90-day high: ₩15,000 The company is up 75% from its price of ₩8,590 on 14 July 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 3.0% over the same period.