J-Star Holding Co., Ltd. Files Interim Financial Report on Form 6-K
Key Highlights
- ➤Revenue $6.8 million, down from $10.6 million year over year
- ➤Total equity improved from negative $6.8 million to positive $2.8 million
- ➤$8.2 million related-party loan converted into Class A ordinary shares
- ➤J-Star exited outsourced China production to pursue U.S. drone manufacturing
- ➤Share-based compensation totaled $1.1 million for the six months ended June 30
Expert Statements
Jing-Bin Chiang, Chairman and CEO of J-Star Holding Co., Ltd.
“The decline in revenue for the first half of 2026 was entirely an intentional and strategic decision. We decisively eliminated our risk exposure by exiting our outsourced production and legacy assets in China in order to focus on attractive opportunities in the U.S. through a series of strategic partnership and investments. While pivoting on our operations, we also executed a plan to strengthen the balance sheet by converting millions in loans to equity, providing a solid footing as we execute on that strategic plan.”
Jing-Bin Chiang, Chairman and CEO of J-Star Holding Co., Ltd.
“I want to express my deepest appreciation to our entire team for their dedication and commitment to the Company. With the improvement in our balance sheet, we are well positioned to move forward in our strategic plan and execution in advancing our U.S. drone manufacturing operations.”
TAICHUNG, Taiwan and HOUSTON, Oct. 23, 2026 (GLOBE NEWSWIRE) -- J-Star Holding Co., Ltd. (Nasdaq: YMAT) (“J-Star” or the “Company”), an innovator in advanced composite manufacturing, today announced it has filed its unaudited interim financial results for the six months ended June 30, 2026, on Form 6-K with the U.S. Securities and Exchange Commission.
Backed by a robust operating heritage spanning over 50 years and guided by leadership with three decades of hands-on global industrial experience across the globe, J-Star has consistently navigated global industrial evolutions through an unyielding commitment to execution and core operations. Building upon this foundation of discipline, J-Star executed a deliberate and strategic pivot during the first half of 2026; whereby we proactively exited from high-risk outsourced production in China to focus our business on new opportunities in the United States.
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