Announcement • Mar 07
Twim Corp., Annual General Meeting, Mar 31, 2026 Twim Corp., Annual General Meeting, Mar 31, 2026, at 08:00 Tokyo Standard Time. Location: conference room, 7-4, samsung 1-ro 4-gil, gyeonggi-do, hwaseong South Korea Upcoming Dividend • Sep 22
Upcoming dividend of ₩600 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 22 October 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 14%. Within top quartile of South Korean dividend payers (3.6%). Higher than average of industry peers (1.5%). New Risk • Aug 28
New major risk - Revenue and earnings growth Earnings have declined by 5.5% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 131% Paying a dividend despite having no free cash flows. Earnings have declined by 5.5% 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 (₩57.7b market cap, or US$41.6m). Buy Or Sell Opportunity • Jul 18
Now 25% undervalued Over the last 90 days, the stock has risen 28% to ₩9,300. The fair value is estimated to be ₩12,408, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 69%. New Risk • Jul 15
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 9.6% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 131% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩75.2b market cap, or US$54.6m). Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩10,730, the stock trades at a trailing P/E ratio of 48.9x. Average trailing P/E is 19x in the Software industry in South Korea. Total loss to shareholders of 34% over the past three years. New Risk • Apr 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.6% Last year net profit margin: 8.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 131% Cash payout ratio: 447% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.6% net profit margin). Market cap is less than US$100m (₩51.0b market cap, or US$34.7m). Announcement • Mar 12
Twim Corp., Annual General Meeting, Mar 31, 2025 Twim Corp., Annual General Meeting, Mar 31, 2025, at 08:00 Tokyo Standard Time. Location: conference room, 7-4, samsung 1-ro 4-gil, gyeonggi-do, hwaseong South Korea Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₩8,250, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 16x in the Software industry in South Korea. Total loss to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩7,880, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 17x in the Software industry in South Korea. Total loss to shareholders of 71% over the past three years. New Risk • Dec 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩52.2b market cap, or US$37.2m). New Risk • Oct 10
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 14% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (₩58.0b market cap, or US$43.0m). New Risk • Oct 06
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 9.3% 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 (9.3% average weekly change). Market cap is less than US$100m (₩93.9b market cap, or US$69.8m). Announcement • Jun 29
Twim Corp. (KOSDAQ:A290090) announces an Equity Buyback for KRW 3,000 million worth of its shares. Twim Corp. (KOSDAQ:A290090) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a contract with DAISHIN Securities Co., Ltd. The purpose of the share repurchase is to enhance shareholder value and stabilize stock price. The repurchase program will expire on December 28, 2023. As of June 27, 2023, the company had 222,263 shares within scope available for dividend and had no shares in treasury through other repurchase. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improved over the past week After last week's 22% share price gain to ₩17,000, the stock trades at a trailing P/E ratio of 44.7x. Average trailing P/E is 18x in the Software industry in South Korea.