Zoa Corporation announces an Equity Buyback for 280,000 shares, representing 13.44% for ¥200.2 million.
August 25, 2016 at 01:20 pm IST
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Zoa Corporation (JASDAQ:3375) announces a share repurchase program. Under the program, the company will repurchase up to 280,000 shares, representing 13.44% of the outstanding shares, at ¥715 per share for a total cost of ¥200.2 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). 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 25, 2016, the company had 2,083,000 shares outstanding and 213,500 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 
