New Risk • Mar 27
New major risk - Revenue and earnings growth Earnings have declined by 0.4% 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 Risk Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (₩75.6b market cap, or US$50.0m). New Risk • Mar 04
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 14% 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 (14% average weekly change). Minor Risk Market cap is less than US$100m (₩65.0b market cap, or US$44.4m). Duyuru • Feb 10
Puloon Technology Inc., Annual General Meeting, Mar 26, 2026 Puloon Technology Inc., Annual General Meeting, Mar 26, 2026, at 09:01 Tokyo Standard Time. Location: conference room, 23-10, hyoryeong-ro 60-gil, seocho-gu, seoul South Korea New Risk • Jan 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 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: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (₩97.8b market cap, or US$66.4m). Upcoming Dividend • Dec 22
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 April 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (3.6%). Lower than average of industry peers (0.9%). Reported Earnings • Nov 19
Third quarter 2025 earnings released: ₩108 loss per share (vs ₩147 profit in 3Q 2024) Third quarter 2025 results: ₩108 loss per share (down from ₩147 profit in 3Q 2024). Revenue: ₩5.13b (down 48% from 3Q 2024). Net loss: ₩838.2m (down 172% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Declared Dividend • Nov 08
Dividend of ₩30.00 announced Dividend of ₩30.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 27th April 2026 Dividend yield will be 0.4%, which is lower than the industry average of 0.9%. Duyuru • Nov 07
Puloon Technology Inc. announces Annual dividend, payable on April 27, 2026 Puloon Technology Inc. announced Annual dividend of KRW 30.0000 per share payable on April 27, 2026, ex-date on December 29, 2025 and record date on December 31, 2025. New Risk • Aug 27
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 7.8% 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: Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (₩67.6b market cap, or US$48.3m). Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₩9,400, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 14x in the Electronic industry in South Korea. Negligible returns to shareholders over past three years. New Risk • Aug 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 56% 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 (₩63.6b market cap, or US$45.8m). Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: ₩84.00 (vs ₩28.00 in 2Q 2024) Second quarter 2025 results: EPS: ₩84.00 (up from ₩28.00 in 2Q 2024). Revenue: ₩6.52b (down 25% from 2Q 2024). Net income: ₩666.9m (up 204% from 2Q 2024). Profit margin: 10% (up from 2.5% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Feb 13
Puloon Technology Inc., Annual General Meeting, Mar 27, 2025 Puloon Technology Inc., Annual General Meeting, Mar 27, 2025, at 09:01 Tokyo Standard Time. Location: conference room, 23-10, hyoryeong-ro 60-gil, seocho-gu, seoul South Korea Upcoming Dividend • Dec 20
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 24 April 2025. Payout ratio is a comfortable 6.6% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (3.9%). Lower than average of industry peers (1.0%). New Risk • Dec 16
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. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (₩59.0b market cap, or US$41.0m). Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₩7,480, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total loss to shareholders of 20% over the past three years. New Risk • Dec 07
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 42% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (42% accrual ratio). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (₩49.2b market cap, or US$34.6m). Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₩7,000, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₩5,820, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total loss to shareholders of 58% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of ₩20.00 per share at 0.2% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 24 April 2024. Payout ratio is a comfortable 4.8% but the company is not cash flow positive. Trailing yield: 0.2%. Lower than top quartile of South Korean dividend payers (3.5%). Lower than average of industry peers (0.9%). New Risk • Nov 22
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 34% 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: Major Risk Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₩64.6b market cap, or US$50.0m). New Risk • Oct 11
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 14% 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 (14% average weekly change). Earnings have declined by 4.8% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₩79.0b market cap, or US$59.0m). Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₩10,060, the stock trades at a trailing P/E ratio of 56.3x. Average trailing P/E is 15x in the Electronic industry in South Korea. Total loss to shareholders of 6.0% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₩10,110, the stock trades at a trailing P/E ratio of 56.6x. Average trailing P/E is 16x in the Electronic industry in South Korea. Total loss to shareholders of 2.0% over the past three years. Reported Earnings • Mar 26
Full year 2022 earnings released: EPS: ₩24.00 (vs ₩207 in FY 2021) Full year 2022 results: EPS: ₩24.00 (down from ₩207 in FY 2021). Revenue: ₩34.1b (up 11% from FY 2021). Net income: ₩192.4m (down 88% from FY 2021). Profit margin: 0.6% (down from 5.2% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 21
Upcoming dividend of ₩30.00 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 25 April 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of South Korean dividend payers (3.3%). Lower than average of industry peers (1.0%). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 2 independent directors (8 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₩8,740, the stock trades at a trailing P/E ratio of 58.5x. Average trailing P/E is 13x in the Electronic industry in South Korea. Total loss to shareholders of 23% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 2 independent directors (8 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: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₩8,200, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 16x in the Electronic industry in South Korea. Total loss to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Jan 26
Investor sentiment improved over the past week After last week's 15% share price gain to ₩10,300, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 17x in the Electronic industry in South Korea. Total loss to shareholders of 41% over the past three years. Is New 90 Day High Low • Feb 28
New 90-day high: ₩12,550 The company is up 28% from its price of ₩9,769 on 30 November 2020. The South Korean market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 18% over the same period. Duyuru • Feb 10
Puloon Technology Inc., Annual General Meeting, Mar 29, 2021 Puloon Technology Inc., Annual General Meeting, Mar 29, 2021, at 09:00 Korea Standard Time. Upcoming Dividend • Dec 22
Upcoming Dividend of ₩30.00 Per Share Will be paid on the 20th of April to those who are registered shareholders by the 29th of December. The trailing yield of 0.3% is below the top quartile of South Korean dividend payers (2.6%), and is lower than industry peers (0.5%). Is New 90 Day High Low • Dec 16
New 90-day low: ₩12,650 The company is down 12% from its price of ₩14,350 on 17 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 11% over the same period. Is New 90 Day High Low • Nov 25
New 90-day low: ₩12,750 The company is down 2.0% from its price of ₩12,950 on 27 August 2020. The South Korean market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 12% over the same period.