Earnings ·
J-Star Holding reports $6.77M revenue for six months ended June 30, 2026
YMATJ-Star Holding Co., Ltd.
J-Star Holding Co., Ltd. reported unaudited interim results for the six months ended June 30, 2026, showing total revenue of $6.77 million, a 36.1% decline from $10.59 million in the prior year period. The decrease was driven by an 81.1% drop in bicycle frame sales and the expiry of service contracts, partially offset by a 6.7% increase in racket product revenue to $6.05 million. The company recorded a net loss after income tax of $1.57 million compared to a profit of $5,237 previously, largely due to $1.1 million in share-based compensation expenses. Cash and cash equivalents rose to $595,013 from $97,669 at year-end 2025, supported by net financing proceeds of $4.34 million. J-Star Holding Co., Ltd. develops and commercializes carbon reinforcement and resin systems for sporting goods and industrial applications.