J-Star Holding Co., Ltd. most recently reported annual revenue of $10.0M, a net loss of $20.0M. Revenue declined at an average annual rate of 14.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
J-Star Holding Co., Ltd.: Revenue fell from $23.0M in 2019 to $10.0M in 2025, a change of -56.5% over 6 years; net profit was positive in 4 of 7 reported years; operating margin moved from -10.8% to -207.8%, a shift of -196.9 percentage points; the most recent year shows a net loss of $20.0M.
Income Statement — 7 Years (USD millions)
Metric
2019
2020
2021
2022
2023
2024
2025
Revenue
$23.0M
$22.0M
$31.0M
$39.0M
$24.0M
$18.0M
$10.0M
Operating Expenses
$25.0M
$20.0M
$31.0M
$39.0M
$25.0M
$16.0M
$31.0M
Operating Profit
$-2.0M
$2.0M
$0
$0
$-1.0M
$1.0M
$-21.0M
Operating Margin
-10.8%
7.6%
-0.4%
0.2%
-3.7%
6.3%
-207.8%
Other Income
$14.0M
$0
$0
$0
$2.0M
$0
$0
Interest
$0
$0
$0
$0
$1.0M
$0
$0
Depreciation
$1.0M
$1.0M
$1.0M
$3.0M
$1.0M
$0
$0
Profit Before Tax
$11.0M
$1.0M
$0
$0
$1.0M
$1.0M
$-20.0M
Tax
$1.4M
$24.2M
$587.2M
$51.8M
$-37.0M
$500,000
$-30,000
Net Profit
$11.0M
$1.0M
$0
$0
$1.0M
$1.0M
$-20.0M
EPS
$4.51
$0.30
$-0.03
$0.04
$0.42
$0.33
$-1.23
Dividend Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 11 Quarters (USD millions)
Metric
Jun '20
Dec '20
Jun '21
Dec '21
Jun '22
Dec '22
Jun '23
Dec '23
Jun '24
Dec '24
Jun '25
Revenue
$10.0M
$13.0M
$12.0M
$19.0M
$16.0M
$23.0M
$14.0M
$10.0M
$8.0M
$9.0M
$11.0M
Operating Expenses
$10.0M
$11.0M
$11.0M
$20.0M
$16.0M
$23.0M
$15.0M
$9.0M
$7.0M
$9.0M
$10.0M
Operating Profit
$0
$2.0M
$1.0M
$-1.0M
$0
$0
$-1.0M
$0
$1.0M
$0
$0
Operating Margin
-2.6%
15.4%
7.6%
-3.6%
0.8%
-0.5%
-8.9%
3.6%
7.7%
5.2%
1.4%
Interest
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Profit Before Tax
$-1.0M
$2.0M
$1.0M
$-1.0M
$0
$0
$0
$1.0M
$0
$1.0M
$0
Tax
$-38.9M
$7.3M
$29.2M
$17.8M
$51.1M
$50.3M
$354.0M
$-39.1M
$-22.0M
$12.8M
$64.3M
Net Profit
$-1.0M
$2.0M
$1.0M
$-1.0M
$0
$0
$0
$1.0M
$0
$1.0M
$0
EPS
$-0.22
$0.54
$0.28
$-0.32
$0.07
$-0.03
$0.00
$0.40
$0.14
$0.18
$0.00
Over the 7 years reported for J-Star Holding Co., Ltd., borrowings increased from $5.0M in 2019 to $13.0M in 2025, cash stood at $1.0M in the latest year, shareholders' equity was $9.0M, current assets covered current liabilities 0.46 times.
Balance Sheet — 7 Years (USD millions)
Metric
2019
2020
2021
2022
2023
2024
2025
Total Assets
$26.0M
$29.0M
$40.0M
$41.0M
$21.0M
$24.0M
$7.0M
Current Assets
$21.0M
$22.0M
$33.0M
$29.0M
$6.0M
$13.0M
$6.0M
Cash
$2.0M
$1.0M
$3.0M
$3.0M
$1.0M
$1.0M
$1.0M
Inventory
$8.0M
$12.0M
$23.0M
$19.0M
$0
$1.0M
$1.0M
Receivables
$8.0M
$6.0M
$5.0M
$4.0M
$4.0M
$9.0M
$4.0M
Fixed Assets
$4.0M
$4.0M
$6.0M
$10.0M
$1.0M
$1.0M
$1.0M
Capital Work in Progress
$0
$0
$0
$0
$0
$0
$0
Investments
$0
$1.0M
$0
$0
$2.0M
$2.0M
$0
Other Assets
$0
$0
$0
$0
$0
$0
$0
Total Liabilities
$21.0M
$19.0M
$31.0M
$31.0M
$9.0M
$11.0M
$14.0M
Current Liabilities
$18.0M
$19.0M
$30.0M
$28.0M
$8.0M
$10.0M
$13.0M
Borrowings
$5.0M
$5.0M
$7.0M
$11.0M
$8.0M
$10.0M
$13.0M
Other Liabilities
$16.0M
$15.0M
$24.0M
$20.0M
$1.0M
$1.0M
$1.0M
Equity
$8.0M
$7.0M
$7.0M
$8.0M
$8.0M
$8.0M
$9.0M
Reserves
$5.0M
$9.0M
$9.0M
$10.0M
$12.0M
$13.0M
$-7.0M
For J-Star Holding Co., Ltd., operating cash flow was positive in 2 of 7 reported years; free cash flow in the latest year was negative at $4.0M; free cash flow was positive in 2 of 7 years; financing activities used $1.0M in the latest year, which covers debt repayment, dividends and buybacks.
What is J-Star Holding Co., Ltd.'s annual revenue?
J-Star Holding Co., Ltd. (YMAT) reported annual revenue of $10.0M in its most recent fiscal year.
What is J-Star Holding Co., Ltd.'s net profit?
J-Star Holding Co., Ltd. (YMAT) reported a net loss of $20.0M in its most recent fiscal year.
What is YMAT EV/EBITDA?
J-Star Holding Co., Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is -0.92. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.