ZOZO, Inc. announces an Equity Buyback for 8,544,000 shares, representing 2.8% for ¥32,000 million.
May 24, 2021 at 01:45 pm IST
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ZOZO, Inc. (TSE:3092) announces a share repurchase program. Under the program, the company will repurchase 8,544,000 shares, representing 2.8% of the outstanding shares for ¥32,000 million. The shares will be repurchased at a price of ¥3,745 per share. The part of the shares will be repurchased from Yusaku Maezawa. As of March 31, 2021, the company had 305,364,371 issued shares and 6,279,914 shares in treasury.
ZOZO, Inc., formerly START TODAY CO., LTD. is a Japan-based company engaged in the E-commerce (EC) business which operates Internet shopping Websites. The Companyâs business includes ZOZOTOWN business, PB business, BtoB business, advertising business and other business. The ZOZOTOWN business consists of the purchasing shop, contracted shop and ZOZOUSED business. PB business sells the Company-designed apparel products tailored to the individual shape of the users. The B to B business supports various fulfillment related businesses, such as system development, design production, logistics contracting, marketing support of EC sites operated independently by apparel makers. The advertising business uses ZOZOTOWN and WAR's user reach base to provide advertising space to client brands and advertising agencies and earns advertising revenue. The others business includes business associated with ZOZOTOWN, such as paid member revenue, shipping income and settlement fee income.
ZOZO, INC. 
