Support buying continues for Monami, as the CEO reveals a handwritten letter
As individual investors kept buying Monami in support, President Song Jae-hwa 7month 10day posted a handwritten letter on the company website to express gratitude and a sense of responsibility. Monami has posted operating losses for several recent years, so shifts in investor sentiment could affect the share price.
As individual investors kept buying Monami in support, President Song Jae-hwa 7month 10day posted a handwritten letter on the company website. In the letter, the president said he was moved by the wave of support spreading online and felt a heavy sense of responsibility.
Monami is a stationery company that has produced the 'people's ballpoint pen.' However, its recent performance has deteriorated. 2023year operating profit fell to 23won, turning to a loss, and in 2024year it posted an operating loss of 38won, followed by 59won in operating losses last year.
This year as well, it recorded operating losses of 1the first quarter (1~3month) only, amounting to 27won. The company publicly expressed its thanks, and a trend of support buying took shape online.
This phenomenon is in line with cases in which, at other companies that were facing delisting risks, individual buying continued and the share price surged sharply in a short period of time. Monami's disclosed handwritten letter is interpreted as communication that took investor sentiment into account.
So far, the company has not announced any restructuring plan or disclosed specific figures for financial improvement. Relevant disclosures should be checked later through the company’s official channels.
Sources: 파이낸셜뉴스 증권
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