Zoa Corporation (TSE:3375) announces a share repurchase program. Under the program, the company will repurchase 210,000 shares, representing 14.44% of the outstanding shares, at ¥1,311 per share for ¥315 million. The purpose of the program is to improve shareholder returns and to implement a flexible capital policy that responds to shareholder returns and changes in the business environment.

As of February 7, 2023, the company had 1,454,000 shares outstanding and no shares in treasury.