J-Star (YMAT) Company Report

Analyst Coverage

Research analysts covering J-Star.

Recent press releases and 8-K filings for YMAT.

J-Star Signs MOU with PSSB for Battery Resins

YMAT

New Projects/Investments

J-Star Holding Co., Ltd. signed a Memorandum of Understanding (MOU) with Patriot Technology Responsibilities (PSSB) on January 14, 2026, to provide resins for batteries.
J-Star intends to utilize its expertise in resin systems and carbon reinforcement to develop high-ion conductivity resins for advanced, lightweight battery technology.
These batteries are expected to be used for drones and electric bikes in various global markets, which is anticipated to expand J-Star's addressable market beyond sports and recreation applications.

Jan 14, 2026, 2:00 PM

J-Star Announces Strategic Plan to Exit China and Accelerate Expansion in the United States

YMAT

New Projects/Investments

M&A

J-Star Holding Co., Ltd. announced a strategic plan to substantially exit its China operations and reallocate resources toward expansion in the United States.
This decision is a proactive response to increasing geopolitical uncertainty and evolving regulatory and policy dynamics in China.
The company plans to establish its first automated production line in the United States and will transition away from traditional OEM manufacturing in China, placing greater emphasis on proprietary design, research and development, and intellectual property creation.
J-Star intends to write off two minority manufacturing investments in China, representing a long-term investment value of approximately US$1.7 million. Additionally, one wholly-owned subsidiary with no active operations will be dissolved, while another will be retained solely for limited trading purposes during the transition period.
Management believes these actions will strengthen J-Star's risk profile, enhance operational flexibility, and position the company for sustainable long-term growth, particularly in the United States.

Jan 6, 2026, 2:00 PM

J-Star Announces Interim Financial Results for First Half 2025

YMAT

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

J-Star Holding Co., Ltd. reported a 30.7% increase in revenue to $10.6 million for the first six months of 2025, compared to $8.1 million in the same period of 2024.
The company's gross margin decreased to 26.9% in 1H 2025 from 30.2% in 1H 2024, attributed to reorienting business models in rackets.
Profit after income tax significantly declined to $5,000 for 1H 2025, down from $479,000 in 1H 2024.
J-Star successfully completed its Initial Public Offering in July 2025, raising $5.0 million in gross proceeds.
Strategic initiatives include launching a company-owned pickleball brand, creating a new premium carbon fiber components brand (QO Bikes), and preparing for U.S.-based manufacturing capabilities.

Dec 18, 2025, 2:00 PM

J-Star Holding Co., Ltd. Receives Nasdaq Minimum Bid Price Deficiency Notice

YMAT

Delisting/Listing Issues

J-Star Holding Co., Ltd. (YMAT) received a Nasdaq notification letter on December 12, 2025, for noncompliance with the minimum bid price requirement, as its closing bid price was below $1 per share for 30 consecutive business days.
The company has a 180-calendar-day compliance period, until June 10, 2026, to regain compliance by maintaining a closing bid price of at least $1 for ten consecutive business days.
This notification does not result in immediate delisting, and J-Star's shares will continue to trade under the symbol "YMAT".
J-Star is evaluating options to regain compliance and may be eligible for an additional 180-day grace period if needed, potentially by effecting a reverse stock split.

Dec 16, 2025, 2:00 PM

J-Star Holding Co., Ltd. Appoints Sam Van as Chief Executive Officer

YMAT

CEO Change

Management Change

New Projects/Investments

Sam Van has been appointed Chief Executive Officer of J-Star Holding Co., Ltd., with the appointment effective October 1, 2025.
Mr. Van succeeds Jing-Bin Chiang, who resigned as CEO but will continue to serve as Chairman of the Board of Directors.
Mr. Van's professional background includes serving as CEO of SRO Partners and holding senior positions at Freedom U.S. Markets and the New York Stock Exchange.
Under Mr. Van's leadership, J-Star plans to accelerate growth organically and through strategic M&A opportunities, while optimizing its new manufacturing facility and preparing for expansion into the United States.

Sep 22, 2025, 8:10 PM

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