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YMAT · NASDAQ · Chemicals - Specialty

J-Star

Carbon-composite bicycle and racket supplier expanding into brands and technical services.

$1.98
After-hours close+0.12 (+6.45%)
At close$1.86(−2.36%)
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J-Star Holding Co., Ltd. Ordinary SharesYMATMaterials

Sells carbon-composite bicycle components, rackets, and other parts through OEM/ODM, brand, technical-service, and material-supply channels, while shifting from China-centered production toward third-party manufacturing and U.S. automation.

Designs, develops, sources, and sells carbon-fiber and advanced-composite products across bicycle parts, rackets, and other industrial and healthcare applications. Its bicycle range includes frames, seat posts, forks, pedals, cranks, and handlebars; its racket range covers tennis, badminton, squash, and beach tennis.

Combines carbon reinforcement and resin systems, Taichung materials R&D, product design, procurement, outsourced manufacturing, and sales. Revenue historically came from OEM/ODM component and finished-product sales, while newer activity spans technical services, raw-material supply, and the QO Bikes, LITZMO, and YMA Horizon brands.

Operates internationally, with most customer cash inflows handled by its Hong Kong sales company and Italy its largest disclosed market. The announced restructuring curtails China manufacturing in favor of third-party production, proprietary materials and IP, and U.S. automation; the Baytown solid-state-battery facility remains proposed and depends on funding and its PSSB partnership.

Company facts

CEOJing-Bin "Jonathan" Chiang
ListedJul 30, 2025
ExchangeNASDAQ
HeadquartersTaichung City, Taiwan
CountryTaiwan
Employees65
CIK0001875016
ISINKYG812371360

Key statistics

Market cap$5.2M
EPS (ttm)$0.00
P/E (ttm)−0.3564
ROE-648.5%
P/B0.00
P/S0.5281
Dividend yield
Beta2.58vs XLB 0.62

Year to date −18.8% · Average volume (30d) 63.9K

Analysts

No analyst consensus on record.

Earnings

Not reported.

Financial highlights

3 quartersQ4 FY23Q2 FY24Q4 FY24
Revenue$9.8M$8.1M$9.5M
Gross profit$1.5M$2.4M$3.2M
Operating income$356.5K$623.3K$489.1K
Net income$1.4M$479.3K$624.9K
Diluted EPS$0.40$0.14$0.18
Gross margin15.1%30.2%33.6%
Operating margin3.6%7.7%5.2%

Balance sheet, Dec 31, 2025Cash & short-term investments $552.8K · Total debt $12.7M · Total assets $7.2M · Shareholders' equity −$6.8M

Dividends

No dividends on record.

Ownership

Institutions 0.60%16.8K sharesInsiders 51.80%1.45M sharesOther 47.60%1.33M shares

Shares outstanding 2.79M · Float 671.9K · 24.1% free float

Insider tradesForm 4

Nothing filed in the last 12 months.

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Peers

Not reported.