Announcement • Apr 09
NP Inc. (KOSDAQ:A291230) agreed to acquire Wysiwyg Studios Co., Ltd. (KOSDAQ:A299900) from Com2uS Corporation (KOSDAQ:A078340) and others for KRW 79.5 billion. NP Inc. (KOSDAQ:A291230) agreed to acquire Wysiwyg Studios Co., Ltd. (KOSDAQ:A299900) from Com2uS Corporation (KOSDAQ:A078340) and others for KRW 79.5 billion on April 8, 2026. The consideration consists of common equity of NP Inc. at a ratio of 0.577451 per common equity of Wysiwyg Studios Co., Ltd. The planned purchase price is KRW 459.
The transaction is subject to approval by Korea Fair Trade Commission, approval of offer by NP Inc. shareholders, approval by regulatory board / committee and approval of offer by Wysiwyg Studios Co., Ltd. shareholders.
The expected completion of the transaction is July 1, 2026. Reported Earnings • Mar 18
Full year 2025 earnings released: ₩88.00 loss per share (vs ₩4.00 loss in FY 2024) Full year 2025 results: ₩88.00 loss per share (further deteriorated from ₩4.00 loss in FY 2024). Revenue: ₩27.2b (down 7.9% from FY 2024). Net loss: ₩3.87b (loss widened ₩3.70b from FY 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Announcement • Mar 12
NP Inc., Annual General Meeting, Mar 25, 2026 NP Inc., Annual General Meeting, Mar 25, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 270, hallyu world-ro, ilsandong-gu, gyeonggi-do, goyang South Korea New Risk • Jan 13
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 9.9% 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 (9.9% average weekly change). Market cap is less than US$100m (₩39.4b market cap, or US$26.7m). Reported Earnings • Nov 19
Third quarter 2025 earnings released: ₩41.00 loss per share (vs ₩18.00 loss in 3Q 2024) Third quarter 2025 results: ₩41.00 loss per share (further deteriorated from ₩18.00 loss in 3Q 2024). Revenue: ₩5.80b (down 41% from 3Q 2024). Net loss: ₩1.83b (loss widened 130% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year whereas the company’s share price has fallen by 42% per year. Reported Earnings • Mar 15
Full year 2024 earnings released: ₩4.00 loss per share (vs ₩55.00 loss in FY 2023) Full year 2024 results: ₩4.00 loss per share (improved from ₩55.00 loss in FY 2023). Revenue: ₩29.6b (down 16% from FY 2023). Net loss: ₩175.2m (loss narrowed 93% from FY 2023). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. Announcement • Mar 11
NP Inc., Annual General Meeting, Mar 25, 2025 NP Inc., Annual General Meeting, Mar 25, 2025, at 09:00 Tokyo Standard Time. Location: conference room, 270, hanryuworld-ro, ilsandong-gu, gyeonggi-do, goyang South Korea New Risk • Dec 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 9.1% 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 (9.1% average weekly change). Market cap is less than US$100m (₩84.3b market cap, or US$58.9m). New Risk • Sep 17
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 12% 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩96.6b market cap, or US$73.4m). Reported Earnings • Aug 17
Second quarter 2024 earnings released: EPS: ₩65.00 (vs ₩14.00 loss in 2Q 2023) Second quarter 2024 results: EPS: ₩65.00 (up from ₩14.00 loss in 2Q 2023). Revenue: ₩4.96b (down 37% from 2Q 2023). Net income: ₩2.88b (up ₩3.49b from 2Q 2023). Profit margin: 58% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Board Change • Apr 01
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. Non-Executive Director Han-Seok Kim was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Mar 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩134.0b (US$99.8m) 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 11% 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 (6.6% increase in shares outstanding). Market cap is less than US$100m (₩134.0b market cap, or US$99.8m). Reported Earnings • Mar 20
Full year 2023 earnings released: ₩55.00 loss per share (vs ₩15.00 loss in FY 2022) Full year 2023 results: ₩55.00 loss per share (further deteriorated from ₩15.00 loss in FY 2022). Revenue: ₩35.3b (down 11% from FY 2022). Net loss: ₩2.37b (loss widened 298% from FY 2022). New Risk • Jan 30
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 12% 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 (12% average weekly change). Revenue has declined by 2.9% over the past year. Minor Risk Shareholders have been diluted in the past year (5.9% increase in shares outstanding). New Risk • Nov 22
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 8.6% 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 Revenue has declined by 2.9% over the past year. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (5.9% increase in shares outstanding). New Risk • Nov 17
New major risk - Revenue and earnings growth Revenue has declined by 2.9% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risk Revenue has declined by 2.9% over the past year. Minor Risk Shareholders have been diluted in the past year (5.9% increase in shares outstanding). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: ₩6.30 (vs ₩329 loss in 3Q 2021) Third quarter 2022 results: EPS: ₩6.30 (up from ₩329 loss in 3Q 2021). Revenue: ₩12.3b (up 206% from 3Q 2021). Net income: ₩258.3m (up ₩12.2b from 3Q 2021). Profit margin: 2.1% (up from net loss in 3Q 2021). Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: ₩6.30 (vs ₩329 loss in 3Q 2021) Third quarter 2022 results: EPS: ₩6.30 (up from ₩329 loss in 3Q 2021). Revenue: ₩12.3b (up 206% from 3Q 2021). Net income: ₩258.3m (up ₩12.2b from 3Q 2021). Profit margin: 2.1% (up from net loss in 3Q 2021).