Zappallas, Inc. (TSE:3770) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.48% of its total shares outstanding excluding treasury shares, for a total of ¥150 million. The purpose of repurchase program is to improve capital efficiency and return profits to shareholders.

The repurchase program is valid till July 31, 2024. As of February 29, 2024, the company had 12,116,497 shares outstanding excluding treasury shares and had 1,534,503 shares in treasury.