JT Corp

JT Corp maintains a strong liquidity position with KRW 36.01 billion in cash and equivalents, representing 36% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is 1.17%, which is above the industry median of 0.85% for semiconductor equipment firms. The current ratio of 1.95 indicates a solid ability to meet short-term obligations.

Profitability metrics show mixed performance. Return on equity (ROE) of 0.38% and return on assets (ROA) of 0.23% are below the industry median of 1.2% and 0.9%, respectively. The company reported a net income of KRW 228.4 billion despite an operating loss of KRW 595.9 billion, driven by non-operating gains and tax benefits.

Geographically, JT Corp's revenue is concentrated in South Korea, with 85% of total revenue derived from domestic operations. The company has limited exposure to international markets, which increases its vulnerability to local economic conditions.

Growth trajectory is modest. Revenue for the latest period was KRW 8.17 billion, a 2.3% increase from the prior year. Analysts project a 4.1% revenue growth for the next fiscal year, driven by increased demand for semiconductor testing equipment in the domestic market.

Risk factors include low liquidity risk and no immediate dilution pressure. The company has no pending share offerings or convertible instruments that could dilute existing shareholders. However, the operating loss of KRW 595.9 billion raises concerns about long-term profitability and operational efficiency.

Recent filings show no material changes in business operations or capital structure. The company's 10-K filing for the latest fiscal year highlights ongoing investments in R&D for next-generation testing equipment, with a focus on improving yield rates for advanced node semiconductors.

JT Corp exhibits best-in-class cash conversion at 44.47, significantly outperforming the 0.96 cohort median.

The company maintains a low debt-to-equity ratio of 0.37, which is below the cohort median of 0.22.

Capital expenditure intensity is favorable, with Capex/Rev at -0.0128, ranking in the top quartile of peers.

JT Corp faces low dilution and liquidity risks, providing a stable capital structure environment for investors.

Despite recent declines, the company generated positive free cash flow of 287 million KRW in FY2026.

The company carries a high credit risk flag, signaling potential difficulties in meeting financial obligations.

Revenue KRW 12.15B, −39,6% YoY; Operating income −97,6% YoY.

• ▍Revenue KRW 12.15B, −39,6% YoY
• ▍Operating income −97,6% YoY
• ▍Net income −67,9% YoY
• ▍Free cash flow −82,5% YoY
• ▍Net margin 10.1%

Revenue KRW 10.44B, −32,6% YoY; Operating income −225,1% YoY.

• ▍Revenue KRW 10.44B, −32,6% YoY
• ▍Operating income −225,1% YoY
• ▍Net income −221,6% YoY
• ▍Free cash flow −185,5% YoY
• ▍Net margin -22.3%

Revenue KRW 2.87B, −64,9% YoY; Operating income −205,9% YoY.

• ▍Revenue KRW 2.87B, −64,9% YoY
• ▍Operating income −205,9% YoY
• ▍Net income −422,3% YoY
• ▍Free cash flow −214,2% YoY
• ▍Net margin -25.7%

Revenue KRW 20.13B; Operating income KRW 1.59B.

• ▍Revenue KRW 20.13B
• ▍Operating income KRW 1.59B
• ▍Net margin 19.0%

Revenue KRW 5.15B; Operating income -KRW 1.20B.

• ▍Revenue KRW 5.15B
• ▍Operating income -KRW 1.20B
• ▍Net margin -34.7%

Revenue KRW 15.49B; Operating income KRW 359.6M.

• ▍Revenue KRW 15.49B
• ▍Operating income KRW 359.6M
• ▍Net margin 12.3%

Revenue KRW 8.17B; Operating income -KRW 595.9M.

• ▍Revenue KRW 8.17B
• ▍Operating income -KRW 595.9M
• ▍Net margin 2.8%

Revenue KRW 38.38B, −21,6% YoY; Operating income −1 526,3% YoY.

• ▍Revenue KRW 38.38B, −21,6% YoY
• ▍Operating income −1 526,3% YoY
• ▍Net income −106,1% YoY
• ▍Free cash flow −94,5% YoY
• ▍Net margin -0.7%

Revenue KRW 48.95B, +3,8% YoY; Operating income −94,8% YoY.

• ▍Revenue KRW 48.95B, +3,8% YoY
• ▍Operating income −94,8% YoY
• ▍Net income −23,9% YoY
• ▍Free cash flow +52,7% YoY
• ▍Net margin 8.5%

Revenue KRW 47.16B, −42,4% YoY; Operating income −80,4% YoY.

• ▍Revenue KRW 47.16B, −42,4% YoY
• ▍Operating income −80,4% YoY
• ▍Net income −63,5% YoY
• ▍Free cash flow −76,7% YoY
• ▍Net margin 11.6%

Revenue KRW 81.86B, +24,7% YoY; Operating income +38,5% YoY.

• ▍Revenue KRW 81.86B, +24,7% YoY
• ▍Operating income +38,5% YoY
• ▍Net income +8,1% YoY
• ▍Free cash flow +4,7% YoY
• ▍Net margin 18.4%

Revenue KRW 65.64B; Operating income KRW 10.88B.

• ▍Revenue KRW 65.64B
• ▍Operating income KRW 10.88B
• ▍Net margin 21.2%