Money Today reported on August 16 that JYP's operating income for Q2 spiked up 370.6% as compared to the year before, recording a total of 3.82 billion KRW (~$3.5 million USD). The company's sales also saw a boost compared to last year, increasing 52.7% to 17.94 billion KRW (~$16.4 million USD).
Further, the company's cumulative operating income for the first half of the fiscal year was recorded to be 4.5 billion KRW (~$4.1 million USD), a slight increase from the previous year's 4.2 billion KRW (~$3.8 million USD). JYP's total sales so far for the current fiscal year is 28.9 billion KRW (~$26.4 million USD).
The good news for JYP and the company's investors don't end there. For the recently closed Q2, the label recorded the highest rate of return among the 'Big Three' entertainment agencies. JYP's 21.2% rate of return is well over double that of YG's 8.7% return, and with news of SM's deficit for the quarter, JYP is the company investors are keeping main tabs on.
A JYP rep stated that the label's flagship K-Pop acts such as 2PM and miss A, along with the young groups such as GOT7 and TWICE are the main sources of JYP's rising income.
With JYP's record high income for the second quarter in 2016, it's expected that the investors will re-evaluate the company's market cap which has been undervalued compared to SM and YG.