JOOYONTECH Continues Losses with No Dividends but Cancels 1.9M Treasury Shares to Boost Shareholder Value, Faces Significant Governance Challenges
2025 consolidated revenue of 62.6B KRW and operating loss of 1.7B KRW, marking three consecutive years of losses with no dividends
Cancelled 1,922,270 treasury shares in September 2025 to enhance shareholder value, but failed to meet many core governance indicators
At the 38th AGM, the proposal to appoint internal director Jang Jihwan was rejected with 96.3% opposition; audit committee lacks accounting/finance experts
No value-up plan disclosure and limited shareholder communication channels, presenting governance improvement challenges
[AI Summary]Despite persistent losses and no dividends, JOOYONTECH's large-scale share cancellation is a positive shareholder return. However, significant governance deficiencies require medium- to long-term improvement for sustainable stock appreciation