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KREDKRED
035900KOSDAQ

JYP Entertainment

39,550
+1,000 (+2.59%)

Price chart

  • MA5
  • MA20
  • MA60
Market capitalizationKRW 1T

Each day's close multiplied by the listed share count of this share class alone, sampled weekly. It is the figure for this issue only, not a combined total across common and preferred shares.

Overview

Summary

JYP Entertainment is a company established on April 25, 1996. Headquartered in Seoul, the company is listed on the KOSDAQ market and operates with a subsidiary, JYP Entertainment Japan Inc.

The company operates as a comprehensive entertainment firm focusing on album and management business segments. It provides artist discovery, training, and management, while producing and distributing music and video content. Its activities include organizing performances, licensing intellectual property, and supplying merchandise.

Business overview as filed

당사는 종합 엔터테인먼트 기업으로서 아티스트 발굴 및 육성, 음반/음원/컨텐츠 기획 및 제작, 공연/출연 등 소속아티스트의 매니지먼트 관련 사업을 영위하고 있습니다.당사의 사업부문은 음반사업과 매니지먼트사업으로 분류하고 있습니다.

당사는 지속적으로 아티스트를 발굴, 육성할 수 있는 전문화된 조직과 음악 컨텐츠의 기획, 제작이 가능한 인프라 및 프로세스를 구조적으로 내재화 하였습니다. 이러한 지속가능한 시스템을 기반으로 음반, 음원, 영상 컨텐츠 등을 기획, 제작하여 유통하는 음악 및 영상 컨텐츠 사업, 그리고 공연, 출연 등 소속 아티스트의 용역활동을 통해 수익을 창출하는 매니지먼트 관련 사업을 글로벌 전역에서 영위하고 있습니다. 또한, 당사는 지적재산(IP)을 활용한 IP 라이센싱 사업을 전개하는 한편, 유관 산업 내 유수한 글로벌 파트너들과 전략적 협업 관계를 통해 컨텐츠 산업 내 영향력을 지속적으로 확대해 나가고 있습니다.당사는 급변하는 음악 산업 트렌드에 유기적으로 대응하고, 아티스트를 효율적으로 운영하고 관리하기 위해 기존 기능 중심의 수직적 조직 구조를 아티스트 단위의 수평적 조직 구조로 개편하였습니다. 이를 통해 다수의 아티스트 라인업을 효율적으로 운영, 관리하는데 최적화된 레이블 시스템을 구축하였습니다. 레이블 조직으로의 점진적 개편을 통해 2016년을 기점으로 이전 데뷔하였던 DAY6, TWICE 등 주요 아티스트의 구조적 성장과 더불어 2018년 Stray Kids, BOY STORY, 2019년 ITZY, 2020년 NiziU, YAOCHEN, 2021년 Xdinary Heroes, 2022년 NMIXX, 2024년 GIRLSET(VCHA 리브랜딩), NEXZ 등 신규 아티스트 라인업을 확대하였습니다. 2025년에는 1월 신규 보이그룹 KickFlip, 8월 신규 중국 현지 보이그룹 뻔푸소년CIIU, 2026년 여성 듀오 dodree가 데뷔하였습니다. 향후에도 추가적인 아티스트 라인업 확대를 통해 성장을 계획하고 있습니다.

주요 아티스트 현황

20260310_주요아티스트현황.jpg 20260318_주요아티스트현황

Company overview

가. 연결대상 종속회사 개황(1) 연결대상 종속회사 현황(요약)

(2) 연결대상회사의 변동내용

나. 회사의 명칭 - (주)제이와이피엔터테인먼트 (영문 : JYP Entertainment Corporation, 영문약호 : "JYPE" )

다. 설립일자 (회사성립연월일) - 1996년 4월 25일

라. 본사의 주소 등 - 본점소재지 : 서울특별시 강동구 강동대로 205 (성내동, JYP Center) - 전 화 번 호 : 02-2225-8100 - 홈 페 이 지 : http://www.jype.com

마. 중소기업 등 해당 여부

바. 주요 사업의 내용소속 가수 및 배우의 엔터테인먼트 활동(광고, 행사, 드라마 출연, 공연 등)과 음반(CD), 음원의 제작 및 판매, MD 등 부가사업을 주요사업으로 하고 있으며, 상세 내용은 본문 "사업의 내용"에 기재 하였습니다.

사. 신용평가에 관한 사항

공시대상기간동안 신용평가전문기관으로부터 신용평가를 받은 내역은 없습니다.

아. 회사의 주권상장(또는 등록ㆍ지정) 및 특례상장에 관한 사항

[주요 종속회사의 내용] : JYP Entertainment Japan Inc.

(1) 회사의 명칭 - JYP Entertainment Japan Inc.(2) 설립일자 (회사성립연월일) - 2010년 11월 1일(3) 본사의 주소 등 - 본점소재지 : Seven Minami-aoyama Building 5F, 4-1-6 Minami-aoyama, Minato-ku, Tokyo 107-0062 Japan (4) 중소기업 해당여부 - 해당사항 없음.(5) 주요 사업의 내용 : 소속 가수 및 배우의 엔터테인먼트 활동(광고, 행사, 드라마 출연, 공연 등)과 음반(CD), 음원의 제작 및 판매 등을 주요사업으로 하고 있습니다.

Transcribed verbatim from the sentences the filer wrote in the fiscal 2025 business report (received 2026.03.18), tables and figures omitted.

  • The summary is written separately from the filed text and is not the filer's wording, so it may phrase things differently from or omit parts of the original, which is shown alongside for checking.
  • The company introduction reproduces the sentences the filer wrote in its business report, with tables, figures and the sentences that point to other sections of the report omitted, and the accuracy of their content has not been separately verified.

VaR

2.93%
[1.94%, 4.76%] · As of 2026-10-02
VaR by window

The headline's measure for each of the three windows on one scale, the dot being the estimate and the bar its interval. The windows are nested and share their observations, so the three readings are not three independent measurements. The selected window is highlighted.

Daily return distribution

The issue's daily returns over the chosen window counted into equal-width bins. The vertical lines mark the VaR and cVaR above on the loss side. The published VaR sample applies exclusion rules for halts and first sessions that this raw daily series does not, so the bars and the marks can differ slightly at the edges.

Drawdown

Deepest drawdown 56.0% (2026-10-02). How far below its previous peak the issue stood each day over the chosen window, a description of the path already travelled.

If these numbers are unfamiliarThere is a guide that walks through VaR, cVaR and annualized volatility in plain language.Read the guide

Characteristic line

0.48
Beta [0.38, 0.57] · KOSDAQ150 · As of 2026-10-08
Intercept
-0.267%[-0.536%, +0.003%]
R squared
0.35
Observations
252
Trading-time corrected beta
0.44[0.28, 0.59]
252-day rolling beta

A 252-day window rolled one day at a time over the longest daily span of the characteristic line. It shows when the beta against the KOSDAQ150 and the annualized volatility of the issue's excess return rose and fell, and unlike the headline figures above it carries no interval.

252-day rolling annualized volatility

Each point is one period's index excess return and issue excess return, and the line is the regression fitted to those points. The risk-free rate is the certificate of deposit rate.

Financials

20152016201720182019202020212022202320242025TTM
RevenueKRW 100M5067361,0221,2481,5541,4441,9393,4595,6656,0188,2198,344
Revenue growth%—45.6738.8322.0824.53-7.1034.2878.3963.786.2336.57—
Operating incomeKRW 100M421381952874354415799661,6941,2831,5521,471
Operating income growth%—228.9740.9147.7151.171.5631.1966.8875.35-24.3021.04—
Net incomeKRW 100M32851642433122966756751,0509771,6061,086
Net income growth%—164.4792.0248.3028.61-5.07127.760.0055.58-6.9564.32—
Attributable to ownersKRW 100M3284—2383132956756751,0559781,6061,086
Attributable to minoritiesKRW 100M01—4-1100-5-00-0
Operating margin%8.3018.7519.0423.0327.9630.5729.8627.9429.9121.3118.8917.63
Net margin%6.3811.5816.0119.4520.0920.5234.8119.5218.5416.2419.5413.01
ROE%—12.61—18.8019.7016.1727.3522.4526.7720.4325.8716.75
ROA%4.359.8513.1615.2315.0213.2321.2716.4218.3714.4018.8712.41
Debt ratio%25.9729.1345.0924.5228.0220.2426.6435.0243.5940.5736.1934.01
Current ratio%197.25237.13167.69267.87269.43380.85272.90233.87238.92207.21240.71278.83
Quick ratio%191.16229.73162.94263.06267.83379.50270.44231.50223.08199.03230.93266.38
Reserve ratio%323.50372.62472.59664.70849.45985.701,333.251,641.282,166.512,609.163,405.863,543.93
Free cash flowKRW 100M————492184454863——1,181—
FCF margin%————31.6512.7423.4124.96——14.37—
OCF conversion%150.85180.94165.6292.26163.1774.4467.90129.85144.0191.3877.44—
Capex to revenue%————1.122.530.230.38——0.76—
Receivable daysdays—36.333.336.533.142.762.560.844.957.253.5—
Inventory daysdays—9.18.88.35.03.13.83.716.420.512.1—
Payable daysdays—68.166.570.666.673.652.044.453.479.258.6—
Cash conversion cycledays—-22.8-24.5-25.8-28.5-27.814.320.07.9-1.67.0—
EPSKRW1022685127429478922,0382,0393,1862,9514,8463,057
PERx—18.3826.8640.7725.5043.0524.8833.2531.8023.6914.9816.81
BPSKRW—1,9522,4523,5874,4775,1466,9488,46711,09413,46917,46618,253
PBRx—2.525.618.435.397.467.308.019.135.194.162.82
Dividend per shareKRW———122155154369369574534——
Payout ratio%———16.4416.3717.2618.1118.1018.0218.10——

Consolidated basis

Profit flowKRW 100M

Revenue
8,219
Cost of sales
5,184
Gross profit
3,034
Operating income
1,552
SG&A expenses
1,482
Non-operating income
681
Profit before tax
2,234
Net income
1,606
Income tax expense
628

This diagram traces where revenue goes at each step on its way to net income, using the filed amounts as they are. The non-operating result is taken as the difference between profit before tax and operating income and is shown as income or expense by its sign, and whatever a step's items leave unexplained is shown separately as other.

Revenue compositionKRW 100M

Margins%

Cash flow by activityKRW 100M

Balance sheet compositionKRW 100M

Debt ratio%

The left bar splits assets into current and non-current and the right bar splits the financing of those assets into liabilities and equity, so the two bars stand at the same height.

Quarterly resultsKRW 100M

Year-on-year growth%

Each quarterly bar is that quarter's three months and is never mixed with an annual figure. The growth rate is computed only where the same quarter a year earlier is also shown here, and is left blank when the base was a loss.

Cash conversion cycledays

Free cash flow breakdownKRW 100M

Inventory days and receivable days stack upward, payable days hang downward, and the cash conversion cycle they net to is drawn as the line. Each day count uses the average balance with the prior year, so the oldest year is not drawn. A day count whose line was not filed is left out, and the cycle is shown only for years that carry all three.

Free cash flow is cash from operating activities less spending on property, plant and equipment, and all three bars keep the sign as filed.

Owners' net margin%

Asset turnoverx

Financial leveragex

ROE%

ROE is the product of the owners' net margin, asset turnover and financial leverage. All three use period-end balances as denominators, and profit and equity are on the owners' basis, so the product matches the ROE in the table.

Financial statements

Balance sheet

20152016201720182019202020212022202320242025
7418661,2441,5932,0782,2393,1744,1115,7156,7888,511
1531953873144553776681,0661,7351,9592,261
5886708581,2801,6231,8622,5063,0453,9804,8296,249

Income statement

20152016201720182019202020212022202320242025
5067361,0221,2481,5541,4441,9393,4595,6656,0188,219
421381952874354415799661,6941,2831,552
381312113024303808599411,5571,3622,234
32851642433122966756751,0509771,606
Basic earnings per shareKRW1022685127429478922,0382,0393,1862,9514,846
Diluted earnings per shareKRW102268*5077319478922,0372,0383,1842,9514,846
28821622453192906936381,0491,0321,599

Cash flow statement

20152016201720182019202020212022202320242025
Net incomefrom the income statement32851642433122966756751,0509771,606
Total adjustments to operating cash flowcomputed1669107-19197-76-217201462-84-362
49154271224*5092214588761,5128931,243
-32-38-287-137*-588-203-256171-607-99829
-45-02510510-55-65-128-131-220-225
Cash at beginning of periodKRW 100M1531292482544503873454911,3962,1721,906
1292482544503873454911,3962,1721,9062,945
Net change in cash and cash equivalentsKRW 100M-281169193*-63-41146905775-266Not applicable

In the latest fiscal year operating and investing activities brought cash in while financing activities paid cash out.

A year whose own filing is absent is filled from the restated comparative in the following filing, and is marked as such. Operating indicators outside the statements, such as order backlogs, and audit opinions are not covered here, and per-share figures follow the filed values without retroactive adjustment for share splits.

Transcribed verbatim from the sentences the filer wrote in the fiscal {year} business report (received {date}), with tables, figures and cross-references to other sections omitted.

The newest annual filing shown was received on 2026.03.18.

Audit opinion

Fiscal yearOpinionAuditorFiscal year end
2025적정의견Term 31삼정회계법인2025-12-31
2024적정의견Term 30삼정회계법인2025-12-31
2023적정의견Term 29이정회계법인2025-12-31
2022적정Term 28이정 회계법인2022-12-31
2021적정Term 27이정 회계법인2022-12-31
2020적정Term 26한미 회계법인2022-12-31
2019적정Term 25한미 회계법인2019-12-31
2018적정Term 24한미 회계법인2019-12-31
2017적정Term 23한미 회계법인2019-12-31
2016적정Term 22선진 회계법인2016-12-31
2015적정Term 21선진 회계법인2016-12-31
2014적정Term 20선진 회계법인2016-12-31

The auditor's name and the opinion are transcribed verbatim from the filed audit report, and the wording follows the filer. A fiscal year shown twice means the filing carried two entries that the source does not distinguish.

Korean audit opinions come in four kinds, where an unqualified opinion (적정) finds the statements fairly presented, a qualified opinion (한정) does so except for a stated matter, an adverse opinion (부적정) finds them not fairly presented, and a disclaimer of opinion (의견거절) means the auditor could not obtain enough evidence to form a view.

Valuation

Valuation multiplesx

PER and PBR divide each period's closing price by the per-share figure filed for that same period, and a loss period is left blank. The quarterly view is a multiple of quarterly EPS.

Dividend historyKRW

The dividend-per-share bars are restated onto the current share basis for splits and par-value changes. The payout ratio and the dividend yield divide figures filed for the same period and are left unadjusted.

Payout ratio and dividend yield%

PER bandKRW

The price is the adjusted close and each band line multiplies the EPS of the latest completed fiscal year by a fixed multiple. The previous year's EPS stays in force until the next fiscal year ends, and the multiples divide the range between the lowest and highest annual PER on record into equal steps.

Valuation models

Five models priced under one set of assumptions, set beside the current price, with how each has moved by fiscal year.

Assumptions

Risk-free rate10-year treasury yield · 2026-10-084.40%
BetaDaily 5Y0.57
%
%
Cost of equity7.26%
Weighted average cost of capital—
Initial growth25.9%
Effective tax rate28.1%
Base fiscal year2025
Current priceKRW39,550

The risk premium and the terminal growth rate are adjustable assumptions, and the rest follow from the data and the formulas.

ModelModel priceKRWVersus current price
Gordon growth modelNo dividend
Dividend discount model DDMNo dividend
Discounted cash flow FCFFNo borrowing line filed
Discounted cash flow FCFE107,923+172.9%
Residual income model RIM150,286+280.0%
The table prices the newest fiscal year's accounts at today's treasury yield and the current price.

Dividend and residual income familyKRW

Discounted cash flow familyKRW

Each fiscal year's figures use that year's accounts and the treasury yield at its period end, with beta held at its current value, and splits or par changes are restated to the current share basis.

How the figures are calculated

Each model's formula is shown in symbols and then with this issue's own numbers substituted, step by step. Changing a value in the assumptions panel changes the numbers here too. Firm-level amounts are in hundred million won and per-share values in won.

Cost of equity

r=rf+β×ERPr = r_f + \beta \times \mathit{ERP}

r = 4.40% + 0.57 × 5.00% = 7.26%

Initial growth

g1=max⁡{ROE×(1−payout), 0},gt=g1+(gT−g1) t−1N−1g_1 = \max\{\mathit{ROE} \times (1 - \text{payout}),\,0\},\qquad g_t = g_1 + (g_T - g_1)\,\frac{t-1}{N-1}

g_1 = max(25.87% × (1 − 0.00%), 0) = 25.87%

Growth starts at this value in the first year and falls by equal steps each year to reach the terminal rate in the fifth

Residual income model RIM

P0=B0+∑t=1NRIt(1+r)t+RIN(1+gT)(r−gT) (1+r)N,RIt=(ROE−r) Bt−1P_0 = B_0 + \sum_{t=1}^{N} \frac{\mathit{RI}_t}{(1+r)^t} + \frac{\mathit{RI}_N (1+g_T)}{(r - g_T)\,(1+r)^N},\qquad \mathit{RI}_t = (\mathit{ROE} - r)\,B_{t-1}

B_0 = 17,466 KRW, ROE = 25.87%, payout ratio = 0.00%, r = 7.26%, g_T = 2.00%

YearOpening book valueEarningsEquity chargeResidual incomeDiscount factorPresent value
117,4664,5191,2683,2500.93233,030
221,9845,6881,5964,0910.86923,556
327,6727,1592,0095,1500.81034,173
434,8329,0122,5296,4820.75554,897
543,84311,3433,1848,1600.70435,747
Terminal value158,1850.7043111,416

P_0 = 17,466 + 21,404 + 111,416 = 150,286 KRW

Discounted cash flow FCFE

FCFE0=CFO−CapEx+ΔD,P0=1Shares[∑t=1NFCFEt(1+r)t+FCFEN(1+gT)(r−gT) (1+r)N],FCFEt=FCFEt−1(1+gt)\mathit{FCFE}_0 = \mathit{CFO} - \mathit{CapEx} + \Delta D,\qquad P_0 = \frac{1}{\text{Shares}}\left[\sum_{t=1}^{N} \frac{\mathit{FCFE}_t}{(1+r)^t} + \frac{\mathit{FCFE}_N (1+g_T)}{(r - g_T)\,(1+r)^N}\right],\qquad \mathit{FCFE}_t = \mathit{FCFE}_{t-1}(1+g_t)

Base-year cash flow FCFE

FCFE_0 = 1,243.3 − 62.4 + 0.0 (net borrowing) = 1,180.9 KRW hundred million

YearGrowthCash flow KRW hundred millionDiscount factorPresent value KRW hundred million
125.87%1,486.40.93231,385.8
219.90%1,782.30.86921,549.1
313.94%2,030.60.81031,645.5
47.97%2,192.40.75551,656.4
52.00%2,236.30.70431,575.1
Terminal value2.00%43,353.70.704330,535.8
Total38,347.6

P_0 = 38,347.6 KRW hundred million ÷ 35,532,492 (shares) = 107,923 KRW

The cost of equity is the risk-free rate plus beta times the equity risk premium. Initial growth is the newest fiscal year's return on equity times its retention ratio, floored at zero, and falls by equal steps from that value in the first year to the terminal rate in the fifth. Only the Gordon model grows at the terminal rate from the start. Discounted cash flow starts from operating cash flow less capital expenditure, where FCFF adds after-tax interest paid and discounts at the weighted average cost of capital, and FCFE adds net borrowing and discounts at the cost of equity. The residual income model adds to book value per share the present value of earnings above the equity charge.

Other issues on the same market

Neighbours in the market capitalisation order.

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