Zoa Corporation announces an Equity Buyback for 380,000 shares, representing 19.72% for ¥322.24 million.
August 06, 2018 at 09:00 am
Share
Zoa Corporation (JASDAQ:3375) announces a share repurchase program. Under the program, the company will repurchase 380,000 shares, representing 19.72% of the outstanding shares, at ¥848 per share for ¥322.24 million. The purpose of the program is to improve shareholder returns and to implement a flexible capital policy in response to changes in the business environment. As of August 6, 2018, the company had 1,927,000 shares outstanding and 369,500 shares in treasury.
ZOA CORPORATION is a Japan-based company engaged in the over-the-counter retail of information equipment. The Company is principally involved in the retail of personal computer (PC)-related products, such as PCs, printers and digital cameras; peripheral equipment, such as monitors, hard discs, external recording equipment, internal recording equipment and digital appliances; software supplies, such as business software and gaming software, as well as disc operating system/V (DOS/V) parts, such as central processing units (CPUs), memories, drives and mother boards. The Company also provides motorcycle products, such as helmets, gloves and wears; SIM free related to smart phones, tablets, SIM cards, as well as services and support, such as repair, Internet service provider (ISP) agency and long run guarantee.
ZOA CORPORATION 
