YMAT on Nasdaq
J-Star Holding Co., Ltd.
J-Star Holding Co., Ltd. is a sporting and athletic goods company, listed on Nasdaq (YMAT).1
Price unavailable
Last updated Oct 20, 2026.
Overview
- TickerYMAT on Nasdaq1
- IndustrySporting & Athletic Goods, NEC1
- Business address7/F-1, No. 633, Sec. 2, Taiwan Blvd., Xitun District, Taichung City 407, F4 407592
- Filer categoryNon-accelerated filer, Emerging growth company2
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August 22, 2023; and (v) Premium Quest International Limited, which was incorporated in the British Virgin Islands on July 31, 2023.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Business segments
Service provision [member] brought in 60% of the revenue J-Star Holding Co., Ltd. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Service provision [member] | $3.2M | ||
| Crank [member] | $686.7K | $1.5M | |
| Other | $1.5M | $791.6K | $388.3K |
| Racket [member] | $7.0M | $1.7M | $184.7K |
Regions
Other Country brought in 97% of the revenue J-Star Holding Co., Ltd. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| Other Country | $17.5M | $9.6M |
| China Country [member] | $181.2K | |
| Taiwan Country | $87.6K | $107.0K |
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating revenue | $9.9M | $17.6M | $23.8M |
| Cost of revenue | -$4.6M | -$11.9M | -$20.9M |
| Gross profit from operations | $5.4M | $5.6M | $2.9M |
| Selling expenses | -$1.3M | -$1.2M | -$1.2M |
| Administrative expenses | -$4.6M | -$2.6M | -$1.8M |
| Research and development expenses | -$879.4K | -$677.4K | -$737.4K |
| (Provision) reversal for allowance for expected credit loss | -$19.2M | $8.4K | -$81.8K |
| Operating expenses | -$26.0M | -$4.5M | -$3.8M |
| Net operating (loss) income | -$20.6M | $1.1M | -$887.7K |
| Other (loss) gains, net | -$46.1K | $207.6K | $909.3K |
| Finance costs | -$373.5K | -$402.9K | -$808.7K |
| Interest income | $146.0K | $264.6K | $336.4K |
| Disposal of investment gain | $1.1M | ||
| Foreign exchange gains (losses) | $727.6K | -$72.0K | $363.3K |
| Non-operating income (expenses), net | $454.0K | -$2.7K | $1.9M |
| (Loss) profit Before income tax | -$20.2M | $1.1M | $1.0M |
| Income tax (expense) credit | -$5.5K | -$5.5K | $383.0K |
| (Loss) profit for the year | -$20.2M | $1.1M | $1.4M |
| Unrealized gains or losses from financial assets measured at fair value through other comprehensive (loss) income | -$1.8M | -$1.5K | $833.6K |
| Exchange differences on translation of foreign operations | -$3.9K | -$87.5K | -$74.6K |
| Total comprehensive (loss) income | -$22.0M | $1.0M | $2.2M |
| (Loss) earnings per share, Basic | -$1.23 | $0.07 | $0.09 |
| (Loss) earnings per share, Diluted | -$1.23 | $0.07 | $0.09 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $97.7K | $649.1K | $559.5K | $2.9M |
| Current financial assets at amortized cost | $455.1K | $574.4K | ||
| Accounts receivable, net | $3.6M | $1.3M | ||
| Accounts receivable due from related parties, net | $5.0M | |||
| Other receivables | $2.6K | $2.0M | ||
| Other receivables due from related parties | $526.9K | |||
| Inventories, net | $1.0M | $555.7K | ||
| Prepayments | $309.7K | $519.8K | ||
| Deferred IPO Cost | $1.6M | |||
| Guarantee deposits - Current assets | $135.0K | |||
| Current assets | $5.6M | $12.7M | ||
| Non-current financial assets at fair value through other comprehensive income | $1.8M | |||
| Long-term receivables from related parties | $8.3M | |||
| Property, plant, and equipment, net | $463.4K | $451.7K | $550.6K | |
| Right-of-use assets, net | $81.3K | $164.1K | ||
| Intangible assets, net | $162.5K | $2.6K | ||
| Deferred tax assets, net | $425.1K | $433.8K | $439.4K | |
| Guarantee deposits | $7.4K | $133.4K | ||
| Other non-current assets | $408.0K | $390.4K | ||
| Non-current assets | $1.5M | $11.7M | ||
| Total assets | $7.2M | $24.4M | ||
| Short-term loans | $2.7M | $9.0M | ||
| Short-term loans from a related party | $8.2M | |||
| Long-term loans due within one year | $624.6K | $42.5K | ||
| Contract liabilities | $60.9K | $107.8K | ||
| Accounts payable | $181.0K | $209.6K | ||
| Other payables | $941.2K | $802.8K | ||
| Current tax liabilities | $9.2K | $16.4K | ||
| Current lease liabilities | $82.1K | $163.8K | ||
| Other current liabilities | $13.5K | $28.2K | ||
| Current liabilities | $12.9M | $10.4M | ||
| Long-term loans | $1.0M | $995.3K | ||
| Deferred tax liabilities | $4.2K | $11.0K | ||
| Non-current liabilities | $1.0M | $1.0M | ||
| Total liabilities | $13.9M | $11.4M | ||
| Ordinary share | $7.9M | |||
| Capital surplus | $9.3M | $7.8M | $7.7M | |
| Accumulated deficit | -$24.3M | -$3.2M | ||
| Accumulated other comprehensive (loss) income | -$350.3K | $507.5K | ||
| Total (deficit) equity | -$6.8M | $13.0M | ||
| Total liabilities and (deficit) equity | $7.2M | $24.4M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $97.7K | $649.1K | $559.5K | $2.9M |
| Current financial assets at amortized cost | $455.1K | $574.4K | ||
| Accounts receivable, net | $3.6M | $1.3M | ||
| Accounts receivable due from related parties, net | $5.0M | |||
| Other receivables | $2.6K | $2.0M | ||
| Other receivables due from related parties | $526.9K | |||
| Inventories, net | $1.0M | $555.7K | ||
| Prepayments | $309.7K | $519.8K | ||
| Deferred IPO Cost | $1.6M | |||
| Guarantee deposits - Current assets | $135.0K | |||
| Current assets | $5.6M | $12.7M | ||
| Non-current financial assets at fair value through other comprehensive income | $1.8M | |||
| Long-term receivables from related parties | $8.3M | |||
| Property, plant, and equipment, net | $463.4K | $451.7K | $550.6K | |
| Right-of-use assets, net | $81.3K | $164.1K | ||
| Intangible assets, net | $162.5K | $2.6K | ||
| Deferred tax assets, net | $425.1K | $433.8K | $439.4K | |
| Guarantee deposits | $7.4K | $133.4K | ||
| Other non-current assets | $408.0K | $390.4K | ||
| Non-current assets | $1.5M | $11.7M | ||
| Total assets | $7.2M | $24.4M | ||
| Short-term loans | $2.7M | $9.0M | ||
| Short-term loans from a related party | $8.2M | |||
| Long-term loans due within one year | $624.6K | $42.5K | ||
| Contract liabilities | $60.9K | $107.8K | ||
| Accounts payable | $181.0K | $209.6K | ||
| Other payables | $941.2K | $802.8K | ||
| Current tax liabilities | $9.2K | $16.4K | ||
| Current lease liabilities | $82.1K | $163.8K | ||
| Other current liabilities | $13.5K | $28.2K | ||
| Current liabilities | $12.9M | $10.4M | ||
| Long-term loans | $1.0M | $995.3K | ||
| Deferred tax liabilities | $4.2K | $11.0K | ||
| Non-current liabilities | $1.0M | $1.0M | ||
| Total liabilities | $13.9M | $11.4M | ||
| Ordinary share | $7.9M | |||
| Capital surplus | $9.3M | $7.8M | $7.7M | |
| Accumulated deficit | -$24.3M | -$3.2M | ||
| Accumulated other comprehensive (loss) income | -$350.3K | $507.5K | ||
| Total (deficit) equity | -$6.8M | $13.0M | ||
| Total liabilities and (deficit) equity | $7.2M | $24.4M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| (Loss) profit before tax | -$20.2M | $1.1M | $1.0M |
| Depreciation expenses of property, plant, and equipment | $183.8K | $135.7K | $250.2K |
| Depreciation expenses of right-of-use assets | $184.8K | $203.1K | $718.6K |
| Amortization expenses of intangible assets | $20.9K | $16.1K | $17.7K |
| Allowance for expected credit loss | $19.2M | -$8.4K | $81.8K |
| Provision (reversal) for allowance for valuation loss of inventories | $19.5K | $11.3K | -$37.6K |
| Share-based payment | $87.8K | $131.7K | $131.7K |
| Interest income | -$146.0K | -$264.6K | -$336.4K |
| Interest expense | $373.5K | $402.9K | $808.7K |
| Accounts receivable | -$2.6M | $1.0M | $1.7M |
| Accounts receivable related parties | -$5.0M | ||
| Other receivables | $136.0K | $12.4K | $266.8K |
| Inventories | -$494.2K | -$379.4K | $364.0K |
| Prepayments | $210.1K | -$266.0K | $102.1K |
| Other current asset | -$1.1M | ||
| Other non-current assets | $1.7M | ||
| Contract liabilities | -$46.9K | -$168.4K | -$367.3K |
| Accounts payable | -$28.6K | $15.8K | $193.8K |
| Other payables | $137.7K | $280.5K | -$1.7M |
| Other current liabilities | -$14.8K | -$144.4K | $3.7M |
| Cash flows (used in) from operations | -$2.9M | -$2.9M | $7.5M |
| Interest received | $146.0K | $264.6K | $336.4K |
| Interest paid | -$369.8K | -$402.9K | -$808.7K |
| Income tax paid | -$5.2K | -$15 | -$20.8K |
| Net cash flows (used in) from operating activities | -$3.2M | -$3.1M | $7.0M |
| Decrease (increase) in financial assets at amortized cost | $119.3K | -$213.1K | $234.4K |
| (Increase) decrease in guarantee deposits | -$9.0K | $491.9K | $303.7K |
| Repayment from (advances to) related parties | $526.9K | $201.3K | -$9.0M |
| Advances to investee under financial assets at fair value through other comprehensive income | -$3.8M | ||
| Acquisition of property, plant and equipment | -$205.6K | -$25.2K | -$93.5K |
| Acquisition of intangible assets | -$180.8K | -$6.9K | -$16.8K |
| Proceeds from disposal of land use rights | $1.1M | ||
| Proceeds from disposal of subsidiaries | $1.4M | $1.7M | |
| Acquisition of financial assets at fair value through other comprehensive (loss) income | -$2.8M | ||
| Net cash flows (used in) from investing activities | -$3.5M | $1.8M | -$8.6M |
| Proceeds from short-term bank loans | $2.0M | $636.0K | |
| Proceeds from short-term loans from a related party | $8.2M | ||
| Payments on short-term bank loans | -$5.9M | ||
| Payment on lease liabilities | -$180.3K | -$205.3K | -$206.1K |
| Proceeds from long-term bank loans | $1.1M | $482.3K | $642.5K |
| Payments for long-term bank loans | -$411.0K | -$421.1K | -$709.4K |
| Proceeds from issuance of shares | $4.9M | ||
| Deferred IPO Cost | -$1.2M | -$480.3K | -$1.1M |
| Net cash flows from (used in) financing activities | $6.6M | $1.4M | -$780.4K |
| Effect of foreign exchange rate changes | -$458.0K | -$74.2K | -$76.4K |
| Net (decrease) increase in cash | -$551.4K | $89.6K | -$2.4M |
No quarter-by-quarter statement was filed.
Leadership
Who has led J-Star Holding Co., Ltd., and when. Pick a name to see everywhere that person has worked.
Chief executive
Board members and other officers (4)
- Board memberChing-Chou Huang Mar 18, 2026 to now6
- Board memberJing-Bin Chiang Mar 18, 2026 to now7
- Board memberPing-Hong Lin Mar 18, 2026 to now8
- Board memberTing-Pang Sung Mar 18, 2026 to now9
Timeline
- Mar 18, 2026New chief executive Sam Van becomes CEO5
Filings
123 filings to the SEC since October 2021: 1 annual reports, 7 insider forms, 115 other. The latest 20:
- Oct 9, 20266-K EDGAR
- Sep 29, 20266-K EDGAR
- Sep 28, 20266-K EDGAR
- Sep 23, 2026EFFECT EDGAR
- Sep 14, 2026F-3/A EDGAR
- Sep 4, 2026F-3 EDGAR
- Aug 3, 20266-K EDGAR
- Jul 8, 20266-K EDGAR
- Jun 17, 20266-K EDGAR
- Jun 8, 20266-K EDGAR
- May 26, 20266-K EDGAR
- May 18, 20266-K EDGAR
- May 8, 20266-K EDGAR
- May 8, 20266-K EDGAR
- May 1, 20266-K EDGAR
- Apr 30, 202620-F EDGAR
- Apr 10, 20266-K EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
The 123 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How J-Star Holding Co., Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARJ-Star Holding Co., Ltd.1
- CIK0001875016
- Filer statusNon-accelerated filer an emerging growth company; a shell company3
- Incorporated inCayman Islands3
- Industry code (SIC)3949 Sporting & Athletic Goods, NEC1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address7/F-1, No. 633, Sec. 2, Taiwan Blvd., Xitun District, Taichung City 407, F4 407591
- Phone886 4232299001
- Shares outstanding13,953,333 shares as of Apr 30, 20263
- AuditorWWC, P.C., San Mateo, California PCAOB ID 1171; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceSep 30, 20211
- Filings124 in all: 6-K (26), F-1/A (26), CORRESP (19), UPLOAD (16), FWP (8), 3 (7), DRSLTR (4), DRS/A (3)1
All 20 form types
EFFECT (3), F-1 (2), 20-F (1), 424B4 (1), 8-A12B (1), 8-A12B/A (1), CERT (1), DRS (1), F-3 (1), F-3/A (1), RW (1), S-8 (1)
- Latest filingsAnnual report (20-F) Apr 30, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A Ordinary Shares | YMAT | Nasdaq |
From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5SEC EDGARSam Van, Chief executive officer
- 6SEC EDGARChing-Chou Huang, Board member
- 7SEC EDGARJing-Bin Chiang, Board member
- 8SEC EDGARPing-Hong Lin, Board member
- 9SEC EDGARTing-Pang Sung, Board member