Zappallas, Inc. (TSE:3770) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 5.46% of its issued share capital (excluding treasury stock), for a total purchase price of ¥270.2 million. The shares will be repurchased at a price of ¥386 per share.

The purpose of the program is to implement flexible capital policies in response to changes in the business environment, return profits to shareholders and improve the capital efficiency. As of March 13, 2023, the company has 12,814,532 issued shares (excluding treasury stock) and 836,468 treasury shares.