[ Press release]Yoon Design Turns Operating Profit to Black in Q3 after Acquisition by Sandoll, Showing an 11% P Growth

30 Oct 2024
  • Enhanced platform services and collaboration with Sandoll lead to rapid business recovery and identification of new growth drivers
  • Operating profit margin sees an 11% p increase, turning positive in the third quarter of 2024
  • In September, Yoon Design fonts launched on the Sandoll Cloud platform, further driving sales growth expectations

 


October 30, 2024 (Wed.)


Typeface company Yoon Design Co., Ltd. (CEOs Young-ho Yun, Sung-min Cho) announced on the 30th that it has achieved a turnaround in operating profit for Q3 after its acquisition by Sandoll (CEOs Young-ho Yun), signaling progress in stabilizing and growing the business.


Although Yoon Design recorded operating losses from last year through the first half of this year, business operations rapidly normalized after Sandoll’s acquisition in June 2024 under the direction of new management. As a result, Yoon Design’s preliminary Q3 operating profit margin grew by approximately 11%p year-on-year, marking substantial growth.


This improvement in performance is attributed to various business restructuring efforts and synergies achieved through collaboration with Sandoll. Since the acquisition, Yoon Design has demonstrated significant accomplishments, including strengthening platform services, enhancing font development and sales capabilities, increasing efficiency in production processes, and advancing technology for quality improvement.


In particular, Yoon Design’s own platform efficiency has increased substantially due to Sandoll’s platform operation expertise and technology, contributing to a sharp rise in operating profit.


Moreover, improvements in the font development process also played a crucial role in achieving these results. Yoon Design, in collaboration with Sandoll, restructured the development process to accelerate font supply, making fast and efficient font distribution possible. At the same time, continuous investments in technology for font quality improvement have further contributed to customer satisfaction.


A Yoon Design representative stated, “Following the acquisition by Sandoll, we have achieved significant improvements in Q3 performance through business stabilization and collaborative synergies. Since September, Yoon Design’s fonts have been launched on Sandoll’s flagship platform, Sandoll Cloud, which is expected to lead to continued revenue growth. We will continue to seek additional growth opportunities based on collaboration with Sandoll to ensure sustainable growth in the long term.”