InsiderClue
Stocks · Consumer discretionary · Sporting & Athletic Goods, NEC

J-Star Holding Co., Ltd.

YMAT Clue Score18
China CIK 0001875016
$1.51 -4.43% Close, 15 Oct 2026
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Price $1.51 +407.05% Close, 15 Oct 2026

Closing prices at the end of each trading day, from 11 Dec 2025. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2023Revenue23.8Operating income−0.9Net income1.4EPS, diluted0.09Fiscal year 2024Revenue17.6 −26.1%Operating income1.1Net income1.1 −22.2%EPS, diluted0.07 −22.2%Fiscal year 2025Revenue9.9 −43.5%Operating income−20.6Net income−20.2 −1,927.0%EPS, diluted−1.23 −1,857.1%
FY2023FY2024FY2025
Revenue 23.8 17.6 9.9
Growth −26.1% −43.5%
Operating income −0.9 1.1 −20.6
Net income 1.4 1.1 −20.2
Growth −22.2% −1,927.0%
EPS, diluted 0.09 0.07 −1.23
Growth −22.2% −1,857.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2023Gross margin12.3%Operating margin−3.7%Net margin6.0%Free cash flow margin29.2%Fiscal year 2024Gross margin32.1%Operating margin6.3%Net margin6.3%Free cash flow margin−17.6%Fiscal year 2025Gross margin54.1%Operating margin−207.7%Net margin−203.2%Free cash flow margin−33.9%
FY2023FY2024FY2025
Gross margin 12.3% 32.1% 54.1%
Operating margin −3.7% 6.3% −207.7%
Net margin 6.0% 6.3% −203.2%
Free cash flow margin 29.2% −17.6% −33.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2023Operating cash flow7.0Capital expenditure−0.1Free cash flow6.9Fiscal year 2024Operating cash flow−3.1Capital expenditure−0.0Free cash flow−3.1 −144.4%Fiscal year 2025Operating cash flow−3.2Capital expenditure−0.2Free cash flow−3.4
FY2023FY2024FY2025
Operating cash flow 7.0 −3.1 −3.2
Capital expenditure −0.1 −0.0 −0.2
Free cash flow 6.9 −3.1 −3.4
Growth −144.4%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securitiesTotal debt
Fiscal year 2023Cash and securities0.6Shareholders’ equity11.9Fiscal year 2024Cash and securities0.6Total debt10.0Net cash (debt)−9.4Shareholders’ equity13.0Debt to equity0.77Fiscal year 2025Cash and securities0.1Total debt12.6Net cash (debt)−12.5Shareholders’ equity−6.8
FY2023FY2024FY2025
Cash and securities 0.6 0.6 0.1
Total debt n/a 10.0 12.6
Net cash (debt) n/a −9.4 −12.5
Shareholders’ equity 11.9 13.0 −6.8
Debt to equity n/a 0.77 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.6 0.6 0.1
n/a 0.6 1.0
0.6 0.5 0.5
n/a 24.4 7.2
Growth −70.6%
Liabilities
n/a 9.0 11.0
n/a 0.0 0.6
n/a 1.0 1.0
calc n/a 10.0 12.6
n/a 11.4 13.9
Equity
n/a −3.2 −24.3
11.9 13.0 −6.8
Growth +9.7% −152.1%
Per share and net cash
calc n/a −9.4 −12.5
n/a n/a 14.0
calc n/a n/a −0.49

Lines marked calc are worked out here from filed figures; point at one for how.