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. Announcement • Mar 17
Wysiwyg Studios Co., Ltd., Annual General Meeting, Mar 27, 2026 Wysiwyg Studios Co., Ltd., Annual General Meeting, Mar 27, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 270, hallyu world-ro, ilsandong-gu, gyeonggi-do, goyang South Korea New Risk • Feb 19
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 9.8% 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 Risks Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (₩87.1b market cap, or US$60.2m). New Risk • Oct 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩142.5b (US$99.3m) 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 Earnings have declined by 49% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩142.5b market cap, or US$99.3m). Reported Earnings • Aug 19
Second quarter 2025 earnings released: ₩27.00 loss per share (vs ₩66.00 loss in 2Q 2024) Second quarter 2025 results: ₩27.00 loss per share (improved from ₩66.00 loss in 2Q 2024). Revenue: ₩24.5b (up 258% from 2Q 2024). Net loss: ₩4.53b (loss narrowed 60% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₩136.4b (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 Earnings have declined by 49% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₩136.4b market cap, or US$98.1m). New Risk • Jul 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 8.3% 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 49% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). 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: -₩14b 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 (-₩14b free cash flow). Earnings have declined by 49% per year over the past 5 years. Announcement • Mar 13
Wysiwyg Studios Co., Ltd., Annual General Meeting, Mar 27, 2025 Wysiwyg Studios Co., Ltd., Annual General Meeting, Mar 27, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 270, hallyu world-ro, ilsandong-gu, gyeonggi-do, goyang South Korea Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to ₩1,393, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 24x in the Entertainment industry in South Korea. Total loss to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₩1,435, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 26x in the Entertainment industry in South Korea. Total loss to shareholders of 86% over the past three years. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to ₩1,603, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 17x in the Entertainment industry in South Korea. Total loss to shareholders of 84% over the past three years. New Risk • Nov 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 8.3% 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 (8.3% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₩1,461, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 17x in the Entertainment industry in South Korea. Total loss to shareholders of 85% over the past three years. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩1,335, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 20x in the Entertainment industry in South Korea. Total loss to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₩2,080, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Entertainment industry in South Korea. Total loss to shareholders of 33% over the past three years. Reported Earnings • Mar 26
Full year 2023 earnings released: EPS: ₩308 (vs ₩61.56 loss in FY 2022) Full year 2023 results: EPS: ₩308 (up from ₩61.56 loss in FY 2022). Revenue: ₩147.3b (flat on FY 2022). Net income: ₩52.5b (up ₩63.0b from FY 2022). Profit margin: 36% (up from net loss in FY 2022). Revenue is forecast to grow 39% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₩2,820, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Entertainment industry in South Korea. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₩3,360, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Entertainment industry in South Korea. Total returns to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩4,035, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 15x in the Entertainment industry in South Korea. Total returns to shareholders of 130% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩3,460, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 16x in the Entertainment industry in South Korea. Total returns to shareholders of 192% over the past three years. New Risk • Dec 01
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 8.5% 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: Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: ₩51.00 (vs ₩17.00 in 3Q 2022) Third quarter 2023 results: EPS: ₩51.00 (up from ₩17.00 in 3Q 2022). Revenue: ₩37.8b (down 14% from 3Q 2022). Net income: ₩8.67b (up 208% from 3Q 2022). Profit margin: 23% (up from 6.4% in 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, earnings per share has increased by 42% per year and the company’s share price has also increased by 42% per year. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₩2,750, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 16x in the Entertainment industry in South Korea. Total returns to shareholders of 163% over the past three years. Price Target Changed • Nov 16
Price target decreased to ₩32,500 Down from ₩45,000, the current price target is an average from 2 analysts. New target price is 78% above last closing price of ₩18,300. Stock is down 63% over the past year. The company is forecast to post a net loss per share of ₩50.50 next year compared to a net loss per share of ₩229 last year. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: ₩66.00 (vs ₩163 loss in 3Q 2021) Third quarter 2022 results: EPS: ₩66.00 (up from ₩163 loss in 3Q 2021). Revenue: ₩44.0b (up 35% from 3Q 2021). Net income: ₩2.82b (up ₩8.78b from 3Q 2021). Profit margin: 6.4% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in South Korea. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 159 percentage points per year, which is a significant difference in performance. Buying Opportunity • Jun 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be ₩37,950, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Apr 27
Price target increased to ₩45,000 Up from ₩8,833, the current price target is provided by 1 analyst. New target price is 37% above last closing price of ₩32,850. Stock is up 173% over the past year. The company is forecast to post earnings per share of ₩279 next year compared to a net loss per share of ₩229 last year. Buying Opportunity • Apr 12
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be ₩44,494, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Meanwhile, the company became loss making. Announcement • Aug 26
Wysiwyg Studios Co., Ltd. announced that it expects to receive KRW 89.075 billion in funding from Com2uS Corporation Wysiwyg Studios Co., Ltd. announced a private placement of 6,250,000 shares at a price of KRW 14,252 per share for gross proceeds of KRW 89,075,000,000 on August 24, 2021. The transaction included participation from returning investor, Com2uS Corporation. The capital increase is done through third party allocation increase method. The transaction is expected to close by October 1, 2021. The transaction has been approved by the board of directors. Announcement • Apr 08
Wysiwyg Studios Co., Ltd. announced that it has received KRW 45 billion in funding from Com2uS Corporation On April 7, 2021, Wysiwyg Studios Co., Ltd. (KOSDAQ:A299900) closed the transaction. Announcement • Mar 17
Wysiwyg Studios Co., Ltd. announced that it expects to receive KRW 45 billion in funding from Com2uS Corporation Wysiwyg Studios Co., Ltd. (KOSDAQ:A299900) announced a private placement of 5,000,000 shares at a price of KRW 9,000 per share for gross proceeds of KRW 45,000,000,000 on March 16, 2021. the transaction included participation from new investor, Com2uS Corporation (KOSDAQ:A078340). The capital increase is done through third party allocation increase method. The transaction is expected to close by April 07, 2021. The transaction has been approved by the board of directors. Is New 90 Day High Low • Mar 16
New 90-day high: ₩10,300 The company is up 102% from a price of ₩5,100 on 16 December 2020. Outperformed the South Korean market which is up 9.0% over the last 90 days. Exceeded the Entertainment industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 15
New 90-day high: ₩7,290 The company is up 67% from its price of ₩4,375 on 16 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 Entertainment industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: ₩5,680 The company is up 33% from its price of ₩4,275 on 29 September 2020. The South Korean market is up 19% 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 10
New 90-day high: ₩4,740 The company is up 3.0% from its price of ₩4,590 on 11 September 2020. The South Korean market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 7.0% over the same period. Reported Earnings • Dec 06
Third quarter 2020 earnings released: ₩55.00 loss per share The company reported a decent third quarter result with improved revenues, although earnings and control over expenses were weaker. Third quarter 2020 results: Revenue: ₩20.5b (up 118% from 3Q 2019). Net loss: ₩1.75b (down 288% from profit in 3Q 2019). Announcement • Jul 25
Wysiwyg Studios Co., Ltd. announced that it has received funding from Premier Partners, LLC Wysiwyg Studios Co., Ltd. (KOSDAQ:A299900) announced that it has received a round of funding from new investor Premier Partners, LLC in September 2017.