The Board of Directors of Zoa Corp. (JASDAQ:3375) authorized a share repurchase program on April 20, 2012. Under the program, the company will repurchase up to 100 shares, representing 0.48% of its issued share capital, for a total cost of up to ¥6 million. The purpose of the repurchase program is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. The plan will commence on April 23, 2012 and will continue until September 28, 2012. As of April 20, 2012, the company has 20,908 shares outstanding and 2,057 shares held in treasury.

Zoa Corp.'s share repurchase program expired on September 28, 2012. Under the program, the company has repurchased 4 shares, representing 0.02% for ¥0.22 million.