SPOFT Inc: to cancel 4 bln won worth of own shares

SPOFT Inc. has announced plans to cancel 4 billion won worth of its own shares, a move aimed at enhancing shareholder value by reducing the number of outstanding shares. The company disclosed the decision in a recent regulatory filing, aligning with broader industry trends of share buybacks and cancellations to improve financial metrics and investor returns.

This action follows a series of similar moves by major South Korean firms, including Samsung Electronics, which canceled $2.11 billion worth of shares in early 2025 to support its shareholders and employees. Likewise, NXC canceled $1 billion in treasury shares in June 2025 to strengthen ownership value for existing shareholders. Yuyu Pharma also canceled 7.8 billion won in treasury shares in June 2025 to boost corporate value and shareholder returns.

SPOFT’s decision reflects a growing corporate strategy to return capital to shareholders through share cancellations, which can increase earnings per share and book value per share. The company has not disclosed the exact number of shares to be canceled or the timeline for the process. However, the move is consistent with shareholder return policies adopted by several South Korean firms in recent years.