Sandol to Burn All of Its Treasury Shares Worth 4.4 Billion Won

Sandol Co., Ltd. (CEO Youngho Yoon), a content creator platform company, announced that it completed the incineration of all of its treasury stocks, totaling 415,145 shares worth approximately 4.4 billion won, on the 15th to stabilize stock prices and increase shareholder value.

If this treasury stock buyback is factored in, Sandoll's earnings per share (EPS) are expected to improve by approximately 3%. This figure exceeds the KOSDAQ market average EPS improvement of approximately 2% following a treasury stock buyback.

On December 17th of last year, Sandoll held a board meeting and announced that it would burn all of its treasury stock by January 15th of this year. Following this, the company completed the process by burning all 415,145 shares of treasury stock acquired as scheduled.

The treasury shares burned this time represent approximately 2.7% of the total number of issued shares. With the reduction in the number of outstanding shares, key profitability indicators such as EPS and return on equity (ROE) are expected to improve even with the same level of profit. The company explained that this effect could lead to a substantial increase in shareholder value from a capital policy perspective.

In addition to treasury stock cancellations, Sandoll has consistently pursued various shareholder-friendly policies, including dividends and bonus shares. This measure is seen as part of a strategy to promote the simultaneous growth of corporate and shareholder value over the medium to long term, based on a stable financial structure, rather than focusing on short-term stock price fluctuations.

Furthermore, Sandoll views this treasury stock cancellation as a mid- to long-term shareholder value enhancement strategy based on its ESG management principles. Going forward, it plans to improve ROE through efficient resource allocation and expanded shareholder returns, while also strengthening its sustainable profit structure based on ESG.

A Sandol official said, “This treasury stock cancellation is the result of a mid- to long-term policy decision that prioritizes shareholder value as a core management principle,” and added, “We will continue to pursue responsible management and shareholder return policies based on financial stability.”

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