Board Change • May 06
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. 7 experienced directors. No highly experienced directors. No independent directors (7 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. New Risk • Mar 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 15% 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 Less than 1 year of cash runway based on free cash flow trend (-₩5.9b free cash flow). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (₩45.7b market cap, or US$30.2m). Announcement • Feb 20
Fine DNC Co., Ltd., Annual General Meeting, Mar 30, 2026 Fine DNC Co., Ltd., Annual General Meeting, Mar 30, 2026, at 08:30 Tokyo Standard Time. Location: conference room, 169, yeonamsan-ro, eumbong-myeon, chungcheongnam-do, asan South Korea New Risk • Nov 27
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: -₩5.9b 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 Risk Less than 1 year of cash runway based on free cash flow trend (-₩5.9b free cash flow). Minor Risk Market cap is less than US$100m (₩39.6b market cap, or US$27.1m). New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings have declined by 17% 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 Less than 1 year of cash runway based on free cash flow trend (-₩11b free cash flow). Earnings have declined by 17% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (₩51.7b market cap, or US$35.2m). Announcement • Feb 15
Fine DNC Co., Ltd., Annual General Meeting, Mar 31, 2025 Fine DNC Co., Ltd., Annual General Meeting, Mar 31, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 169, yeonamsan-ro, eumbong-myeon, chungcheongnam-do, asan South Korea New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% 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 Debt is not well covered by operating cash flow (7.4% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩47.9b market cap, or US$32.8m). New Risk • Dec 07
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. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2013 fiscal period end). Minor Risks Shareholders have been diluted in the past year (33% increase in shares outstanding). Market cap is less than US$100m (₩48.1b market cap, or US$33.8m). Reported Earnings • May 18
First quarter 2024 earnings released: EPS: ₩15.00 (vs ₩4.00 in 1Q 2023) First quarter 2024 results: EPS: ₩15.00 (up from ₩4.00 in 1Q 2023). Revenue: ₩16.1b (up 91% from 1Q 2023). Net income: ₩658.7m (up 438% from 1Q 2023). Profit margin: 4.1% (up from 1.5% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 15% per year. New Risk • Nov 29
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: -₩24b 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 (-₩24b free cash flow). Earnings have declined by 44% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (₩39.8b market cap, or US$30.8m). 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. 7 experienced directors. No highly experienced directors. No independent directors (7 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. 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. 7 experienced directors. No highly experienced directors. No independent directors (7 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. Is New 90 Day High Low • Feb 24
New 90-day low: ₩1,615 The company is down 12% from its price of ₩1,825 on 26 November 2020. The South Korean market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 29% over the same period. Announcement • Feb 16
Fine DNC Co., Ltd., Annual General Meeting, Mar 29, 2021 Fine DNC Co., Ltd., Annual General Meeting, Mar 29, 2021, at 09:00 Korea Standard Time. Is New 90 Day High Low • Jan 14
New 90-day low: ₩1,675 The company is down 17% from its price of ₩2,030 on 16 October 2020. The South Korean market is up 31% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 43% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: ₩1,695 The company is down 9.0% from its price of ₩1,865 on 23 September 2020. The South Korean market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 17% over the same period. Is New 90 Day High Low • Nov 30
New 90-day low: ₩1,820 The company is down 2.0% from its price of ₩1,855 on 01 September 2020. The South Korean market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period. Is New 90 Day High Low • Oct 15
New 90-day high: ₩2,120 The company is up 8.0% from its price of ₩1,955 on 17 July 2020. The South Korean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 10.0% over the same period. Announcement • Sep 26
Fine DNC Co., Ltd. announced that it has received KRW 7.5 billion in funding from Yuanta Securities Co., Ltd., Investment Arm On September 24, 2020, Fine DNC Co., Ltd. (KOSDAQ:A049120) closed the transaction. Announcement • Sep 24
Fine DNC Co., Ltd. announced that it expects to receive KRW 7.5 billion in funding from Yuanta Securities Co., Ltd., Investment Arm Fine DNC Co., Ltd. (KOSDAQ:A049120) announced a private placement of series 5 non-guaranteed private convertible bonds with bearer interest for gross proceeds of KRW 7,500,000,000 on September 22, 2020. The transaction will include participation from Yuanta Securities Co., Ltd., Investment Arm. The bonds will mature on September 24, 2025. The bonds do not carry any interest rate and have a yield to maturity of 3%. The bonds are 100% convertible into 3,846,153 common shares at a price of KRW 1,950 per share. The conversion will start from September 24, 2021 and will end on August 24, 2025. The transaction is expected to close on September 24, 2020. The transaction has been approved by the board of directors of the company. 