Jeongmoon Information

JMI is a KOSDAQ-listed chemical-sector company headquartered in Hwaseong, Gyeonggi Province, that historically focused on media-storage products such as CDs.

Starting in 2018, the company pursued a business transformation toward household goods and US auto interior parts, and it has now reorganized around household goods manufacturing and North American auto interior parts as its two growth pillars.

The domestic business centers on household goods OEM/ODM, having launched detergent OEM production for Aekyung in 2020 and, from 2026, full-scale OEM production for global household goods maker Henkel Korea.

The auto interior parts business, based on North American production sites including El Paso, supplies door armrests, foam pads, and various interior materials to Hyundai and Kia's North American production lines.

In response to customer requests for expanded volumes, JMI is pursuing a new plant in Georgia, with investment scale growing from a small initial start to simultaneous expansion and new-plant construction.

The media-storage business is in decline domestically but continues to serve as a stable cash generator in the US subsidiary through software packaging, kit assembly, and specialty label and packaging work.

Management attributes its ability to offset shrinking domestic demand to Korean firms' quick response capability and competitiveness in small-batch, multi-item production in the US market.

Among the three coexisting business pillars of household goods, auto interior parts, and media storage, the company expects the auto interior parts segment to contribute the most to future growth.

Consolidated revenue reached KRW 89.80 billion in 2025, up for a fourth consecutive year from KRW 80.44 billion in 2024, KRW 74.57 billion in 2023, and KRW 64.93 billion in 2022.

However, the operating margin gradually declined from 7.3% in 2022 to 6.0% in 2023, 5.0% in 2024, and 4.5% in 2025, reflecting the burden of new household goods OEM investment, initial operating costs, and auto interior parts equipment investment.

Net income attributable to owners rose from KRW 2.48 billion in 2022 and KRW 2.45 billion in 2023 to KRW 3.77 billion in 2024, before easing slightly to KRW 3.43 billion in 2025.

On a quarterly basis, despite revenue of KRW 21.37 billion and operating profit of KRW 0.44 billion in Q2 2025, the company posted a net loss of KRW 0.25 billion, but then delivered four straight quarters of net profit: KRW 1.50 billion in Q3 2025, KRW 1.69 billion in Q4 2025, KRW 1.51 billion in Q1 2026, and KRW 1.98 billion in Q2 2026.

Revenue over the same period rose from KRW 21.85 billion in Q3 2025 to KRW 31.14 billion in Q1 2026, before easing slightly to KRW 30.58 billion in Q2 2026, even as operating profit improved to KRW 1.78 billion from KRW 1.03 billion in the prior quarter.

Shareholders' equity climbed steadily from KRW 42.23 billion in 2022 to KRW 58.63 billion in 2025, and operating cash flow remained solid at KRW 7.38 billion in 2025. The debt ratio, however, rose again to 79.0% in 2025 from 55.6% in 2024, suggesting ongoing financing tied to new investments.

Overall, revenue growth has continued while the earnings structure has moved from a loss in Q2 2025 to a subsequent profit recovery trend.

JMI's auto interior parts business is underpinned by Hyundai and Kia's expanding North American production and the broader trend toward parts localization.

The company states that following US tariff policy, automakers are pushing harder for US local production, and JMI, having already secured North American production bases, benefits from a first-mover advantage.

Growing demand for upgraded interior materials even after the shift to electric vehicles is cited as another growth driver.

The auto interior parts segment grew 4% in 2024 and 22% in 2025, and the company expects growth of over 100% in 2026, with the segment's share of consolidated revenue expected to expand from 22% in 2025 to 36% in 2026.

In household goods, JMI has expanded its position in Korea's contract manufacturing market by adding Henkel Korea as an OEM/ODM partner alongside Aekyung.

In contrast, the domestic media-storage business (CDs, etc.) has effectively entered a contraction phase, while the US operation depends on niche packaging and labeling demand.

Within the KOSDAQ chemical sector, JMI is classified as a small-cap name, and its mixed business structure spanning auto parts and household goods contract manufacturing makes direct peer comparison difficult.

Through a filing with Korea's Financial Supervisory Service, the company set a 2026 consolidated revenue target of KRW 117.5 billion, which would mark its best performance in at least a decade and since its business restructuring.

With several years of domestic and overseas investment nearing completion, the company expects profitability improvement to follow top-line growth.

In a May 2026 interview with Edaily, CEO Jeong Kwang-hun said the top priority is securing dividend resources through earnings improvement, with plans to clear accumulated deficits based on this year's results and actively consider shareholder return measures such as treasury stock retirement or dividends.

He also noted the company currently holds roughly a 2% treasury stake, is considering retiring it, and that he personally continues to purchase shares on the market.

The new Georgia plant is an investment made in response to customer requests for expanded volumes, having grown from a small initial project into simultaneous capacity expansion and new-plant construction.

In household goods, the ramp-up of Henkel Korea OEM volumes is expected to further broaden the domestic contract manufacturing revenue base.

However, the timing and scale at which these targets and investment plans translate into actual revenue and profit will need to be confirmed sequentially through future quarterly results and disclosures.